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Apr 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-04-26
Dawn Leaks: Nisar briefs PM about inquiry body's report

Dawn Leaks: Nisar briefs PM about inquiry body's report

The Dawn Leaks inquiry committee report has held three top government functionaries, including former Information Minister Pervez Rashid, responsible for leaking sensitive information to the newspaper. Sources said that Interior Minister Chaudhry Nisar Al
Published 26 Apr, 2017 12:00am
US briefed about anti-terror financing steps

US briefed about anti-terror financing steps

Federal Minister for Finance, Senator Mohammad Ishaq Dar met US Treasury Secretary. Steven Mnuchin and apprised him about the economic development in Pakistan since 2013, after PML-N took administrative charge of the country. Senator Ishaq Dar informed Tr
Published 26 Apr, 2017 12:00am
US briefed about anti-terror financing steps

US briefed about anti-terror financing steps

Federal Minister for Finance, Senator Mohammad Ishaq Dar met US Treasury Secretary. Steven Mnuchin and apprised him about the economic development in Pakistan since 2013, after PML-N took administrative charge of the country. Senator Ishaq Dar informed Tr
Published 26 Apr, 2017 12:00am
US briefed about anti-terror financing steps

US briefed about anti-terror financing steps

Federal Minister for Finance, Senator Mohammad Ishaq Dar met US Treasury Secretary. Steven Mnuchin and apprised him about the economic development in Pakistan since 2013, after PML-N took administrative charge of the country. Senator Ishaq Dar informed Tr
Published 26 Apr, 2017 12:00am
Pakistan making concrete efforts towards achieving higher growth: Dar

Pakistan making concrete efforts towards achieving higher growth: Dar

Finance Minister Senator Ishaq Dar has said that Pakistan was improving ease of doing business in the country. After having achieved macroeconomic stability, the government was now making concrete efforts to achieve sustainable and inclusive higher growth
Published 26 Apr, 2017 12:00am
Pakistan making concrete efforts towards achieving higher growth: Dar

Pakistan making concrete efforts towards achieving higher growth: Dar

Finance Minister Senator Ishaq Dar has said that Pakistan was improving ease of doing business in the country. After having achieved macroeconomic stability, the government was now making concrete efforts to achieve sustainable and inclusive higher growth
Published 26 Apr, 2017 12:00am
Pakistan making concrete efforts towards achieving higher growth: Dar

Pakistan making concrete efforts towards achieving higher growth: Dar

Finance Minister Senator Ishaq Dar has said that Pakistan was improving ease of doing business in the country. After having achieved macroeconomic stability, the government was now making concrete efforts to achieve sustainable and inclusive higher growth
Published 26 Apr, 2017 12:00am
Islamabad, Tehran agree to fine-tune PTA

Islamabad, Tehran agree to fine-tune PTA

Pakistan and Iran have agreed to streamline dysfunctional Preferential Trade Agreement (PTA) and expand its scope prior to finalisation of Free Trade Agreement (FTA), well-informed sources told Business Recorder. This consensus was evolved at a rec
Published 26 Apr, 2017 12:00am
Islamabad, Tehran agree to fine-tune PTA

Islamabad, Tehran agree to fine-tune PTA

Pakistan and Iran have agreed to streamline dysfunctional Preferential Trade Agreement (PTA) and expand its scope prior to finalisation of Free Trade Agreement (FTA), well-informed sources told Business Recorder. This consensus was evolved at a rec
Published 26 Apr, 2017 12:00am
Islamabad, Tehran agree to fine-tune PTA

Islamabad, Tehran agree to fine-tune PTA

Pakistan and Iran have agreed to streamline dysfunctional Preferential Trade Agreement (PTA) and expand its scope prior to finalisation of Free Trade Agreement (FTA), well-informed sources told Business Recorder. This consensus was evolved at a rec
Published 26 Apr, 2017 12:00am
India informed about visits of census teams along LoC

India informed about visits of census teams along LoC

Pakistan Army on Tuesday apprised Indian authorities through hotline contact about the visits of census teams to the areas along Line of Control for conducting of demographic process. According to Inter Services Public Relations here on Tuesday, "Phase-2
Published 26 Apr, 2017 12:00am
India informed about visits of census teams along LoC

India informed about visits of census teams along LoC

Pakistan Army on Tuesday apprised Indian authorities through hotline contact about the visits of census teams to the areas along Line of Control for conducting of demographic process. According to Inter Services Public Relations here on Tuesday, "Phase-2
Published 26 Apr, 2017 12:00am
PSDP funding may be stymied by fiscal woes

PSDP funding may be stymied by fiscal woes

The Finance Ministry has very limited fiscal space and may not be in a position to make a significant increase in development outlay of the federal government to the extent wanted by the Ministry of Planning, Development and Reform. When asked, Secretary
Published 26 Apr, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 26 Apr, 2017 12:00am
PSDP funding may be stymied by fiscal woes

PSDP funding may be stymied by fiscal woes

The Finance Ministry has very limited fiscal space and may not be in a position to make a significant increase in development outlay of the federal government to the extent wanted by the Ministry of Planning, Development and Reform. When asked, Secretary
Published 26 Apr, 2017 12:00am
PSDP funding may be stymied by fiscal woes

PSDP funding may be stymied by fiscal woes

The Finance Ministry has very limited fiscal space and may not be in a position to make a significant increase in development outlay of the federal government to the extent wanted by the Ministry of Planning, Development and Reform. When asked, Secretary
Published 26 Apr, 2017 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 26 Apr, 2017 12:00am
UK state borrowing nears 10-year low but misses target

UK state borrowing nears 10-year low but misses target

Britain's deficit improved last year to its lowest annual level in almost a decade, as tax receipts swelled despite looming Brexit, official data showed Tuesday. Net borrowing excluding bank bailouts stood at £52 billion ($66 billion, 61 billion euros) in
Published 26 Apr, 2017 12:00am
China slashes North Korea imports, holds exports steady
Currency

China slashes North Korea imports, holds exports steady

Chinese imports from North Korea fell 35 percent month-on-month in March, according to official figures released Tuesday, after Beijing suspended coal purchases to punish its nuclear-armed neighbour for missile tests. Total imports from the North by China
Published 26 Apr, 2017 12:00am
Global music sales hit high on streaming boom

Global music sales hit high on streaming boom

Music sales rose robustly for a second straight year to show growth not seen in two decades thanks to the rapid adoption of streaming, the global industry body said Tuesday. Despite sliding CD sales and downloads, revenue from recorded music around the wo
Published 26 Apr, 2017 12:00am
Global music sales hit high on streaming boom

Global music sales hit high on streaming boom

Music sales rose robustly for a second straight year to show growth not seen in two decades thanks to the rapid adoption of streaming, the global industry body said Tuesday. Despite sliding CD sales and downloads, revenue from recorded music around the wo
Published 26 Apr, 2017 12:00am
SK Hynix books record profit

SK Hynix books record profit

South Korea's SK Hynix Inc on Tuesday booked record quarterly profit due to strong demand for high-tech memory chips, and said the DRAM supply shortage that has pushed up prices will continue throughout 2017. The extent of the shortage is likely to ease t
Published 26 Apr, 2017 12:00am
SK Hynix books record profit

SK Hynix books record profit

South Korea's SK Hynix Inc on Tuesday booked record quarterly profit due to strong demand for high-tech memory chips, and said the DRAM supply shortage that has pushed up prices will continue throughout 2017. The extent of the shortage is likely to ease t
Published 26 Apr, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (April 25, 2017).

Published 26 Apr, 2017 12:00am
PIA sukuk certificates will continue to be 'approved security'

PIA sukuk certificates will continue to be 'approved security'

The State Bank of Pakistan (SBP) said on Tuesday that PIA Sukuk Certificates will continue to be approved security for maintenance of liiquid assets of Islamic Banks According to DMMD Circular No 04 of 2017 sent to all Islamic Banks and Islamic Banking Br
Published 26 Apr, 2017 12:00am
PIA sukuk certificates will continue to be 'approved security'

PIA sukuk certificates will continue to be 'approved security'

The State Bank of Pakistan (SBP) said on Tuesday that PIA Sukuk Certificates will continue to be approved security for maintenance of liiquid assets of Islamic Banks According to DMMD Circular No 04 of 2017 sent to all Islamic Banks and Islamic Banking Br
Published 26 Apr, 2017 12:00am
PIA sukuk certificates will continue to be ''approved security''

PIA sukuk certificates will continue to be ''approved security''

The State Bank of Pakistan (SBP) said on Tuesday that PIA Sukuk Certificates will continue to be approved security for maintenance of liiquid assets of Islamic Banks According to DMMD Circular No 04 of 2017 sent to all Islamic Banks and Islamic Banking Br
Published 26 Apr, 2017 12:00am
PIA sukuk certificates will continue to be ''''approved security''''

PIA sukuk certificates will continue to be ''''approved security''''

The State Bank of Pakistan (SBP) said on Tuesday that PIA Sukuk Certificates will continue to be approved security for maintenance of liiquid assets of Islamic Banks According to DMMD Circular No 04 of 2017 sent to all Islamic Banks and Islamic Banking Br
Published 26 Apr, 2017 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the money market on Tuesday as the rupee held it's present levels against the dollar in the process of trading, dealers said. The rupee showed no change versus the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively
Published 26 Apr, 2017 12:00am
Mexico can retaliate against US over tuna feud: WTO

Mexico can retaliate against US over tuna feud: WTO

The World Trade Organization on Tuesday gave Mexico the green light to impose $160 million in annual tariffs against the United States in retaliation for Washington's discriminating against Mexican tuna imports. The long-running tuna trade feud between th
Published 26 Apr, 2017 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the money market on Tuesday as the rupee held it's present levels against the dollar in the process of trading, dealers said. The rupee showed no change versus the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively
Published 26 Apr, 2017 12:00am
Mexico can retaliate against US over tuna feud: WTO

Mexico can retaliate against US over tuna feud: WTO

The World Trade Organization on Tuesday gave Mexico the green light to impose $160 million in annual tariffs against the United States in retaliation for Washington's discriminating against Mexican tuna imports. The long-running tuna trade feud between th
Published 26 Apr, 2017 12:00am
Mexico can retaliate against US over tuna feud: WTO

Mexico can retaliate against US over tuna feud: WTO

The World Trade Organization on Tuesday gave Mexico the green light to impose $160 million in annual tariffs against the United States in retaliation for Washington''s discriminating against Mexican tuna imports. The long-running tuna trade feud between t
Published 26 Apr, 2017 12:00am
FBR re-verifying all IT/WHT exemption certificates

FBR re-verifying all IT/WHT exemption certificates

The Federal Board of Revenue (FBR) is re-verifying all income tax/withholding tax exemption certificates of Rs 118 billion issued at import stage during 2016-17 as compared to Rs 109 billion worth certificates issued in 2015-16. Sources said that the exem
Published 26 Apr, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 25, 2017).

Published 26 Apr, 2017 12:00am
FBR re-verifying all IT/WHT exemption certificates

FBR re-verifying all IT/WHT exemption certificates

The Federal Board of Revenue (FBR) is re-verifying all income tax/withholding tax exemption certificates of Rs 118 billion issued at import stage during 2016-17 as compared to Rs 109 billion worth certificates issued in 2015-16. Sources said that the exem
Published 26 Apr, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 25, 2017).

Published 26 Apr, 2017 12:00am
FBR re-verifying all IT/WHT exemption certificates

FBR re-verifying all IT/WHT exemption certificates

The Federal Board of Revenue (FBR) is re-verifying all income tax/withholding tax exemption certificates of Rs 118 billion issued at import stage during 2016-17 as compared to Rs 109 billion worth certificates issued in 2015-16. Sources said that the exem
Published 26 Apr, 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 (April 25, 2017).

Published 26 Apr, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (April 25, 2017)

Published 26 Apr, 2017 12:00am
RBOD project not abandoned: Wapda

RBOD project not abandoned: Wapda

Apropos a news item titled "RBOD project abandoned due to non-availability of funds," Wapda spokesperson has clarified that RBOD project has not been abandoned. The spokesperson has made it clear that the project for installation of treatment plants along
Published 26 Apr, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (April 25, 2017).

Published 26 Apr, 2017 12:00am
RBOD project not abandoned: Wapda

RBOD project not abandoned: Wapda

Apropos a news item titled "RBOD project abandoned due to non-availability of funds," Wapda spokesperson has clarified that RBOD project has not been abandoned. The spokesperson has made it clear that the project for installation of treatment plants along
Published 26 Apr, 2017 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 26 Apr, 2017 12:00am
RBOD project not abandoned: Wapda

RBOD project not abandoned: Wapda

Apropos a news item titled "RBOD project abandoned due to non-availability of funds," Wapda spokesperson has clarified that RBOD project has not been abandoned. The spokesperson has made it clear that the project for installation of treatment plants along
Published 26 Apr, 2017 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 26 Apr, 2017 12:00am
RBOD project not abandoned: Wapda

RBOD project not abandoned: Wapda

Apropos a news item titled "RBOD project abandoned due to non-availability of funds," Wapda spokesperson has clarified that RBOD project has not been abandoned. The spokesperson has made it clear that the project for installation of treatment plants along
Published 26 Apr, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (April 25, 2017).

Published 26 Apr, 2017 12:00am
Another four hardcore terrorists hanged

Another four hardcore terrorists hanged

Another four hardcore terrorists, who were involved in committing heinous offences relating to terrorism, including killing of innocent civilians, attacking Armed Forces of Pakistan and law enforcement agencies have been executed at a jail in Khyber Pakht
Published 26 Apr, 2017 12:00am
The Weather

The Weather

The weather report on Tuesday (April 25, 2017) and the forecast for Wednesday (April 26, 2017).

Published 26 Apr, 2017 12:00am
Another four hardcore terrorists hanged

Another four hardcore terrorists hanged

Another four hardcore terrorists, who were involved in committing heinous offences relating to terrorism, including killing of innocent civilians, attacking Armed Forces of Pakistan and law enforcement agencies have been executed at a jail in Khyber Pakht
Published 26 Apr, 2017 12:00am
Dawn Leaks: Nisar briefs PM about inquiry body's report

Dawn Leaks: Nisar briefs PM about inquiry body's report

The Dawn Leaks inquiry committee report has held three top government functionaries, including former Information Minister Pervez Rashid, responsible for leaking sensitive information to the newspaper. Sources said that Interior Minister Chaudhry Nisar Al
Published 26 Apr, 2017 12:00am
Shell Pakistan posts PAT of Rs 1,396 million

Shell Pakistan posts PAT of Rs 1,396 million

The Board of Directors of Shell Pakistan Limited has announced the first quarter results for the company on 20th April. The Company posted an after tax profit of Rs 1,396 million compared to the profit of Rs 21 million made in the same period last year. T
Published 26 Apr, 2017 12:00am
Sindh Assembly witnesses rowdy session

Sindh Assembly witnesses rowdy session

PPP members of the Sindh Assembly harshly criticized the leadership of the PML-F on Tuesday, amid a noisy protest by the opposition party, with the microphones turned off. Deputy Speaker Shehla Raza denied the opposition party's legislators the chance to
Published 26 Apr, 2017 12:00am
Dr Asim case: KDA ex-official's bail plea referred to SHC CJ

Dr Asim case: KDA ex-official's bail plea referred to SHC CJ

The Sindh High Court (SHC) bench referred the bail plea of Karachi Development Authority's (KDA) former director land Syed Athar Hussain, the co-accused in Dr Asim Hussain's Rs 432.5 billion corruption reference, to the chief justice for the disposal.
Published 26 Apr, 2017 12:00am
Hyderabad light engineering support centre to open on April 28

Hyderabad light engineering support centre to open on April 28

The Federal Minister for Industries and Production Ghulam Murtaza Khan Jatoi will inaugurate Hyderabad Light Engineering Support Centre on April 28 (Friday). Technology Upgradation and Skill Development Company (TUSDEC) has established the centre at a cos
Published 26 Apr, 2017 12:00am
Hyderabad light engineering support centre to open on April 28

Hyderabad light engineering support centre to open on April 28

The Federal Minister for Industries and Production Ghulam Murtaza Khan Jatoi will inaugurate Hyderabad Light Engineering Support Centre on April 28 (Friday). Technology Upgradation and Skill Development Company (TUSDEC) has established the centre at a cos
Published 26 Apr, 2017 12:00am
Four terrorists of Jindullah killed in Urdu Bazaar 'encounter'

Four terrorists of Jindullah killed in Urdu Bazaar 'encounter'

Pakistan Rangers Sindh targeted raid Monday night killed four terrorists of banned outfit Jindullah. Terrorists killed include Zahid Afridi, Faheem Hameed, Muhammad Hafeez Ullah Quettawal, Mama and a lady facilitator Afshan, says ISPR press release.
Published 26 Apr, 2017 12:00am
Second phase of Punjab Youth Peace Core begins tomorrow

Second phase of Punjab Youth Peace Core begins tomorrow

The Youth Affairs Department, Government of Punjab launched second phase of its Punjab Youth Peace Core. This was announced during a press conference on Tuesday. The press conference was addressed by Tehmina Habib, Deputy Secretary Planning and Sabiha Sha
Published 26 Apr, 2017 12:00am
'Road Safety' awareness seminar held

'Road Safety' awareness seminar held

The Motorway Police in collaboration with the Lahore Press Club on Tuesday held a seminar to create awareness among the people about the importance of abiding 'road safety' rules and regulations. Speaking on this occasion, Motorway SSP Masroor Alam Kolach
Published 26 Apr, 2017 12:00am
Nisar urges top civil brass to show leadership qualities

Nisar urges top civil brass to show leadership qualities

Interior Minister Chaudhry Nisar Ali Khan Tuesday urged top brass of civil service to lead from the front in raising service delivery level, improving work environment of the public sector organizations, taking initiatives, showing leadership qualities an
Published 26 Apr, 2017 12:00am
Punjab police devise new policy for transfers, postings

Punjab police devise new policy for transfers, postings

The Punjab police have devised a new policy for transfers and postings of its officers and officials by virtue of which its employees can recommend three places of liking for posting. Deputy Inspector General of Police (Operations) Dr Haider Ashraf said t
Published 26 Apr, 2017 12:00am
Plagiarism: Training workshop begins at SU

Plagiarism: Training workshop begins at SU

A 3-day training workshop on "Quality Assurance, Plagiarism, ICT Skills in Research Management" got underway at University of Sindh, Jamshoro under the auspices of Quality Enhancement Cell of the varsity. The event was inaugurated by Professor Dr Muneerud
Published 26 Apr, 2017 12:00am
Minister satisfied over PIA's future plans

Minister satisfied over PIA's future plans

Federal Minister for Parliamentary Affairs, Shaikh Aftab Ahmed visited PIA headquarters last evening and was given briefing on various departments of the airline by Acting CEO Nayyar Hayat. While expressing satisfaction over PIA's future plans, he emphasi
Published 26 Apr, 2017 12:00am
NAFA rating upgraded

NAFA rating upgraded

Pacra has upgraded Asset Manager Rating of NBP Fullerton Asset Management Limited (NAFA) to AM1 (very high quality). This is the highest rating that an Asset Management Company can achieve. NAFA is among the only two Asset Management Companies in Pakistan
Published 26 Apr, 2017 12:00am
NAFA rating upgraded

NAFA rating upgraded

Pacra has upgraded Asset Manager Rating of NBP Fullerton Asset Management Limited (NAFA) to AM1 (very high quality). This is the highest rating that an Asset Management Company can achieve. NAFA is among the only two Asset Management Companies in Pakistan
Published 26 Apr, 2017 12:00am
JI launches one million petition drive against KE

JI launches one million petition drive against KE

Jamaat-e-Islami (JI) Karachi has launched one million petition drive as a part of its comprehensive campaign against the K-Electric. The drive is aimed to provide a platform for a legal battle to the affected people. JI Karachi chief Hafiz Naeem-ur-Rehman
Published 26 Apr, 2017 12:00am
Bank Alfalah posts profit before tax of Rs 4.290 billion

Bank Alfalah posts profit before tax of Rs 4.290 billion

The Board of Directors of Bank Alfalah Limited in their meeting held on 24 April 2017, approved the Bank's quarterly un-audited financial statements for the quarter ended March 31, 2017. The Bank posted Profit before tax of Rs 4.290 Billion for the quarte
Published 26 Apr, 2017 12:00am
Bank Alfalah posts profit before tax of Rs 4.290 billion

Bank Alfalah posts profit before tax of Rs 4.290 billion

The Board of Directors of Bank Alfalah Limited in their meeting held on 24 April 2017, approved the Bank's quarterly un-audited financial statements for the quarter ended March 31, 2017. The Bank posted Profit before tax of Rs 4.290 Billion for the quarte
Published 26 Apr, 2017 12:00am
Indus Motor declares third interim dividend of Rs 30 per share

Indus Motor declares third interim dividend of Rs 30 per share

A meeting of the Board of Directors of Indus Motor Company Limited was held on April 24, 2017. On the basis of un-audited accounts of the company for the nine months and quarter ended March 31, 2017, the Company declared profit after tax of Rs 10.2 billio
Published 26 Apr, 2017 12:00am
Indus Motor declares third interim dividend of Rs 30 per share

Indus Motor declares third interim dividend of Rs 30 per share

A meeting of the Board of Directors of Indus Motor Company Limited was held on April 24, 2017. On the basis of un-audited accounts of the company for the nine months and quarter ended March 31, 2017, the Company declared profit after tax of Rs 10.2 billio
Published 26 Apr, 2017 12:00am
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