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Dec 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-05-04
Sterling's election-led bounce breaks developing spiral
Exchange

Sterling's election-led bounce breaks developing spiral

The lift to sterling given by the prospect of a snap British election next month has, at least temporarily, broken a vicious circle of rapidly rising inflation that threatened to further undermine the economy and paint the central bank into a corner. The
Published 04 May, 2017 12:00am
Leak or what?
Exchange

Leak or what?

The way the Prime Minister's Office is trying, so far unsuccessfully, to protect the real culprit in the 'Dawn Leaks' case would be amusing were it not about a serious national security related blunder. At issue, as we know, is a report variously describe
Published 04 May, 2017 12:00am
Is exchange rate hurting exports?
Cotton

Is exchange rate hurting exports?

The trade deficit elephant is in the room. The room is getting a tad tight, with the burly presence of the energy elephant, plus several baby elephants. More and more guns are getting trained at the hapless mahout, the Accountant, for not providing the ne
Published 04 May, 2017 12:00am
Question marks over Maryam's tweets

Question marks over Maryam's tweets

The Panama Papers battle is not yet over, and no clear victor so far. Only the battlefield has changed; it will now be fought in the amphitheatre of the Joint Investigation Team, under the watchful supervision of a three-member bench of the Supreme Court.
Updated 04 May, 2017 09:07am
April inflation

April inflation

According to the Pakistan Bureau of Statistics (PBS), the year-on-year Consumer Price Index (CPI) in April rose to 4.8 percent and witnessed an increase of 1.4 percent in April 2017 compared to March 2017. In addition, CPI of the corresponding period of t
Published 04 May, 2017 12:00am
Knowledge Park: Campuses of best world's varsities to be set up: CM

Knowledge Park: Campuses of best world's varsities to be set up: CM

Punjab Chief Minister Muhammad Shehbaz Sharif presided over a meeting here Wednesday in which matters to establish Lahore Knowledge Park and Pak-Italy University of Engineering Science and Technology were discussed. Addressing the meeting, the Chief Minis
Published 04 May, 2017 12:00am
Pakistan asks India to carry out inspection of dam sites

Pakistan asks India to carry out inspection of dam sites

Islamabad has formally asked New Delhi, India for inspection of various water and power projects being constructed on Chenab River in Held Kashmir, official sources told Business Recorder on Wednesday. "We have asked for site visit of Baghlihar Hyd
Published 04 May, 2017 12:00am
The Weather

The Weather

The weather report on Wednesday (May 03, 2017) and the forecast for Thursday (May 04, 2017).

Published 04 May, 2017 12:00am
Accused in Umerkot police station ruckus held

Accused in Umerkot police station ruckus held

Police on Wednesday announced the arrest of Hassan Talpur, son of Nawab Zaid Talpur, and co-accused in an incident of gross abuse of power when both father and son barged into the Kunri police station in Umerkot and insulted the Station House Officer. Acc
Published 04 May, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (May 03, 2017).

Published 04 May, 2017 12:00am
SU IAD photographic exhibition concludes

SU IAD photographic exhibition concludes

A three-day photographic exhibition 2017 organised by Sindh University's Institute of Art & Design (IAD) concluded here on Wednesday. The exhibition was attended by large numbers of visitors including students, faculty members and the individuals from var
Published 04 May, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (May 03, 2017).

Published 04 May, 2017 12:00am
Around 0.1 million children suffer from thalassaemia in Pakistan: OSF

Around 0.1 million children suffer from thalassaemia in Pakistan: OSF

The Omair Sana Foundation on Wednesday offered to train the medical and paramedical staffs of the Sindh health department for the screening of Thalassamia Minor free of cost, saying that after 15 days of basic training the staff of the district headquarte
Published 04 May, 2017 12:00am
Murad writes to Khaqan on LNG policy

Murad writes to Khaqan on LNG policy

Just after attending the meeting of the Council of Common Interests in Islamabad Chief Minister Syed Murad Ali Shah wrote to Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi to ask him to circulate draft policies for import of LNG
Updated 04 May, 2017 09:04am
Research-based education lays groundwork for progress: President

Research-based education lays groundwork for progress: President

President Mamnoon Hussain on Wednesday said educational and research institutes are recognised by their patronage of intellectual development, where new ideas and concepts are promoted to strengthen the foundation of a nation's progress. Addressing the aw
Published 04 May, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (May 03, 2017).

Published 04 May, 2017 12:00am
'PTI received funds from prohibited sources'

'PTI received funds from prohibited sources'

Pakistan Muslim League-Nawaz counsel on Wednesday alleged before the Supreme Court that Pakistan Tehreek-e-Insaf (PTI) had received funds from prohibited sources. PML-N leader Muhammad Hanif Abbasi had invoked the Supreme Court jurisdiction under Article
Published 04 May, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (May 03, 2017)

Published 04 May, 2017 12:00am
Punjab government misses ADP funds utilization targets

Punjab government misses ADP funds utilization targets

The Punjab government has largely missed utilization targets of Rs 550 billion annual development programme 2016-17 in the first nine months of the current financial year. It is ironical that the provincial government had claimed to adopt Growth Strategy
Published 04 May, 2017 12:00am
Dagha proposes another SAB meeting

Dagha proposes another SAB meeting

Secretary Commerce Younas Dagha on Wednesday proposed another meeting of Sugar Advisory Board (SAB), a body which represents all stakeholders including provincial governments, to firm up sugar production figures prior to submission of a summary to the Eco
Published 04 May, 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 Wednesday (May 03, 2017).

Published 04 May, 2017 12:00am
Fazl meets PM

Fazl meets PM

JUI-F chief Maulana Fazl-ur-Rehman called on Prime Minister Muhammad Nawaz Sharif at PM House on Wednesday. Political issues of national importance were discussed during the meeting, says a press release issued here.
Published 04 May, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 03, 2017).

Published 04 May, 2017 12:00am
21 dead trying to save workmates trapped in Iran mine

21 dead trying to save workmates trapped in Iran mine

Twenty-one coal miners have died attempting to rescue trapped workmates in northern Iran after an explosion Wednesday caused a mile-long tunnel to partially collapse, news agencies said. Tragically, the bodies are those of miners who went into the tunnel
Published 04 May, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 03, 2017).

Published 04 May, 2017 12:00am
Fed holds interest rates steady

Fed holds interest rates steady

The US Federal Reserve kept interest rates unchanged on Wednesday and downplayed weak first-quarter economic growth while emphasizing the strength of the labor market, in a sign it was still on track for two more rate rises this year. In a bullish stateme
Published 04 May, 2017 12:00am
Fed holds interest rates steady

Fed holds interest rates steady

The US Federal Reserve kept interest rates unchanged on Wednesday and downplayed weak first-quarter economic growth while emphasizing the strength of the labor market, in a sign it was still on track for two more rate rises this year. In a bullish stateme
Published 04 May, 2017 12:00am
Fed holds interest rates steady

Fed holds interest rates steady

The US Federal Reserve kept interest rates unchanged on Wednesday and downplayed weak first-quarter economic growth while emphasizing the strength of the labor market, in a sign it was still on track for two more rate rises this year. In a bullish stateme
Published 04 May, 2017 12:00am
THE RUPEE: mixed patterns

THE RUPEE: mixed patterns

The rupee moved both ways against the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee shed three paisas in relation to the dollar for buying and selling at Rs 104.83 and Rs 104.84 respectively, they said.
Published 04 May, 2017 12:00am
DEMP DG assumes additional charge as PIO

DEMP DG assumes additional charge as PIO

Senior Officer of Ministry of Information, Broadcasting and National Heritage, Director General Directorate of Electronic Media and Publications (DEMP) Muhammad Saleem Wednesday assumed additional charge as Principal Information Officer (PIO), Press Infor
Published 04 May, 2017 12:00am
THE RUPEE: mixed patterns

THE RUPEE: mixed patterns

The rupee moved both ways against the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee shed three paisas in relation to the dollar for buying and selling at Rs 104.83 and Rs 104.84 respectively, they said.
Published 04 May, 2017 12:00am
DEMP DG assumes additional charge as PIO

DEMP DG assumes additional charge as PIO

Senior Officer of Ministry of Information, Broadcasting and National Heritage, Director General Directorate of Electronic Media and Publications (DEMP) Muhammad Saleem Wednesday assumed additional charge as Principal Information Officer (PIO), Press Infor
Published 04 May, 2017 12:00am
EU and Britain clash over Brexit bill

EU and Britain clash over Brexit bill

The EU''s chief Brexit negotiator Michel Barnier warned Wednesday that negotiations will not be quick or painless, as Brussels and London traded blows over the size of Britain''s exit bill. Unveiling his negotiating mandate for two years of talks, France'
Published 04 May, 2017 12:00am
EU and Britain clash over Brexit bill

EU and Britain clash over Brexit bill

The EU's chief Brexit negotiator Michel Barnier warned Wednesday that negotiations will not be quick or painless, as Brussels and London traded blows over the size of Britain's exit bill. Unveiling his negotiating mandate for two years of talks, France's
Published 04 May, 2017 12:00am
EU and Britain clash over Brexit bill

EU and Britain clash over Brexit bill

The EU's chief Brexit negotiator Michel Barnier warned Wednesday that negotiations will not be quick or painless, as Brussels and London traded blows over the size of Britain's exit bill. Unveiling his negotiating mandate for two years of talks, France's
Published 04 May, 2017 12:00am
India sends back delegation of 50 Pakistani students
Exchange

India sends back delegation of 50 Pakistani students

Indian authorities have sent 50 Pakistani students and their teachers back to Lahore from New Delhi, after the recent row, which has raised tensions. According to details, an Indian NGO had invited a delegation of 50 Pakistani students and their teachers
Published 04 May, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (May 03, 2017).

Published 04 May, 2017 12:00am
India sends back delegation of 50 Pakistani students
Exchange

India sends back delegation of 50 Pakistani students

Indian authorities have sent 50 Pakistani students and their teachers back to Lahore from New Delhi, after the recent row, which has raised tensions. According to details, an Indian NGO had invited a delegation of 50 Pakistani students and their teachers
Published 04 May, 2017 12:00am
Suicide attack on Nato convoy in Kabul kills eight civilians

Suicide attack on Nato convoy in Kabul kills eight civilians

Islamic State claimed responsibility for a suicide bombing in the Afghan capital, Kabul, on Wednesday that killed eight civilians in an attack on a convoy of Nato armoured personnel vehicles. The blast hit the convoy during the morning rush hour in one of
Published 04 May, 2017 12:00am
Suicide attack on Nato convoy in Kabul kills eight civilians

Suicide attack on Nato convoy in Kabul kills eight civilians

Islamic State claimed responsibility for a suicide bombing in the Afghan capital, Kabul, on Wednesday that killed eight civilians in an attack on a convoy of Nato armoured personnel vehicles. The blast hit the convoy during the morning rush hour in one of
Published 04 May, 2017 12:00am
PBA hails step

PBA hails step

Pakistan Broadcasters Association (PBA) has said that it on behalf of all electronic media industry of Pakistan, expresses satisfaction over the step finally taken by PEMRA to revoke the licenses of Bol News and Bol Entertainment. PBA said that it wants t
Published 04 May, 2017 12:00am
PBA hails step

PBA hails step

Pakistan Broadcasters Association (PBA) has said that it on behalf of all electronic media industry of Pakistan, expresses satisfaction over the step finally taken by PEMRA to revoke the licenses of Bol News and Bol Entertainment. PBA said that it wants t
Published 04 May, 2017 12:00am
Licences of Bol revoked by Pemra

Licences of Bol revoked by Pemra

Pakistan Electronic Media Regulatory Authority (PEMRA) on Wednesday revoked the licences of Bol News and Bol Entertainment after the Ministry of Interior denied security clearance to its top officials. The PEMRA has revoked the satellite TV licences of M/
Published 04 May, 2017 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 04 May, 2017 12:00am
Licences of Bol revoked by Pemra

Licences of Bol revoked by Pemra

Pakistan Electronic Media Regulatory Authority (PEMRA) on Wednesday revoked the licences of Bol News and Bol Entertainment after the Ministry of Interior denied security clearance to its top officials. The PEMRA has revoked the satellite TV licences of M/
Published 04 May, 2017 12:00am
Dar arrives in Yokohama to attend ADB''s annual meeting

Dar arrives in Yokohama to attend ADB''s annual meeting

Finance Minister Senator Muhammad Ishaq Dar arrived here on Wednesday to participate in the 50th Annual Meeting of Board of Governors of the Asian Development Bank (ADB) being held from May 4 to 7. The finance minister, during his six-day visit, will atte
Published 04 May, 2017 12:00am
Dar arrives in Yokohama to attend ADB's annual meeting

Dar arrives in Yokohama to attend ADB's annual meeting

Finance Minister Senator Muhammad Ishaq Dar arrived here on Wednesday to participate in the 50th Annual Meeting of Board of Governors of the Asian Development Bank (ADB) being held from May 4 to 7. The finance minister, during his six-day visit, will atte
Published 04 May, 2017 12:00am
Dar arrives in Yokohama to attend ADB's annual meeting

Dar arrives in Yokohama to attend ADB's annual meeting

Finance Minister Senator Muhammad Ishaq Dar arrived here on Wednesday to participate in the 50th Annual Meeting of Board of Governors of the Asian Development Bank (ADB) being held from May 4 to 7. The finance minister, during his six-day visit, will atte
Published 04 May, 2017 12:00am
State leaders from 28 countries to attend R&B Summit in Beijing

State leaders from 28 countries to attend R&B Summit in Beijing

State leaders from twenty-eight countries including Pakistan will attend Belt and Road Forum for international co-operation, scheduled to take place in Beijing on May 14-15. President Xi Jinping will inaugurate summit and that is a first-ever high-profile
Published 04 May, 2017 12:00am
Rs one billion released for procuring 29 armoured vehicles for police

Rs one billion released for procuring 29 armoured vehicles for police

The Punjab government has released a sum of Rs 1 billion to the Punjab police for the procurement of around 29 armored vehicles including G6 and G7 howitzer for security forces, said sources on Wednesday. The sources said that G7 howitzer will be handed o
Published 04 May, 2017 12:00am
HC rejects India's claim

HC rejects India's claim

Pakistan High Commissioner Abdul Basit on Wednesday rejected allegations of Indian soldiers' mutilation, clearly stating that 'no such incident has occurred along the line of control (LoC)'. Basit was summoned by Indian Foreign Secretary S Jaishankar to c
Published 04 May, 2017 12:00am
HC rejects India's claim

HC rejects India's claim

Pakistan High Commissioner Abdul Basit on Wednesday rejected allegations of Indian soldiers' mutilation, clearly stating that 'no such incident has occurred along the line of control (LoC)'. Basit was summoned by Indian Foreign Secretary S Jaishankar to c
Published 04 May, 2017 12:00am
Agreement on boosting border security

Agreement on boosting border security

Pakistan and Iran reached an agreement Wednesday to strengthen security along their shared border after last week's incident when gunmen killed 10 Iranian border guards, officials said. The border is frequently used by drug smugglers and Islamic militants
Published 04 May, 2017 12:00am
Agreement on boosting border security

Agreement on boosting border security

Pakistan and Iran reached an agreement Wednesday to strengthen security along their shared border after last week's incident when gunmen killed 10 Iranian border guards, officials said. The border is frequently used by drug smugglers and Islamic militants
Published 04 May, 2017 12:00am
Zarif, Bajwa discuss regional security

Zarif, Bajwa discuss regional security

Foreign Minister of Iran, Javad Zarif Khonsari called on Chief of Army Staff (CoAS) General Qamar Javed Bajwa and discussed issues of bilateral interest and regional security with him. During meeting of Iranian FM with CoAS General Bajwa, both sides agree
Published 04 May, 2017 12:00am
Zarif, Bajwa discuss regional security

Zarif, Bajwa discuss regional security

Foreign Minister of Iran, Javad Zarif Khonsari called on Chief of Army Staff (CoAS) General Qamar Javed Bajwa and discussed issues of bilateral interest and regional security with him. During meeting of Iranian FM with CoAS General Bajwa, both sides agree
Published 04 May, 2017 12:00am
Pakistan-Iran trade: PM for achieving $5 billion target
Exchange

Pakistan-Iran trade: PM for achieving $5 billion target

Prime Minister Muhammad Nawaz Sharif Wednesday underlined the need for concerted efforts to achieve the target of $5 billion in the bilateral trade between Pakistan and Iran as soon as possible. He was talking to Iranian Foreign Minister Dr Javad Zarif. T
Published 04 May, 2017 12:00am
Pakistan-Iran trade: PM for achieving $5 billion target
Exchange

Pakistan-Iran trade: PM for achieving $5 billion target

Prime Minister Muhammad Nawaz Sharif Wednesday underlined the need for concerted efforts to achieve the target of $5 billion in the bilateral trade between Pakistan and Iran as soon as possible. He was talking to Iranian Foreign Minister Dr Javad Zarif. T
Published 04 May, 2017 12:00am
Pakistan-Iran trade: PM for achieving $5 billion target
Exchange

Pakistan-Iran trade: PM for achieving $5 billion target

Prime Minister Muhammad Nawaz Sharif Wednesday underlined the need for concerted efforts to achieve the target of $5 billion in the bilateral trade between Pakistan and Iran as soon as possible. He was talking to Iranian Foreign Minister Dr Javad Zarif. T
Published 04 May, 2017 12:00am
British PM, queen mark end of parliament before June vote

British PM, queen mark end of parliament before June vote

British Prime Minister Theresa May visited Queen Elizabeth II on Wednesday to mark the dissolution of parliament ahead of next month's surprise election. May called the June 8 vote last month, saying she wanted an increased mandate to take Britain into ne
Published 04 May, 2017 12:00am
British PM, queen mark end of parliament before June vote

British PM, queen mark end of parliament before June vote

British Prime Minister Theresa May visited Queen Elizabeth II on Wednesday to mark the dissolution of parliament ahead of next month's surprise election. May called the June 8 vote last month, saying she wanted an increased mandate to take Britain into ne
Published 04 May, 2017 12:00am
Sell-off process abandoned after KE ''experience'': Khokhar

Sell-off process abandoned after KE ''experience'': Khokhar

Secretary Water and Power, Yousaf Naseem Khokhar on Wednesday said that privatisation of Karachi Electric (KE) has not achieved the desired results due to which the sell-off process of Discos has been shelved. He made these comments at a meeting of Nation
Published 04 May, 2017 12:00am
Sell-off process abandoned after KE 'experience': Khokhar

Sell-off process abandoned after KE 'experience': Khokhar

Secretary Water and Power, Yousaf Naseem Khokhar on Wednesday said that privatisation of Karachi Electric (KE) has not achieved the desired results due to which the sell-off process of Discos has been shelved. He made these comments at a meeting of Nation
Published 04 May, 2017 12:00am
Sell-off process abandoned after KE 'experience': Khokhar

Sell-off process abandoned after KE 'experience': Khokhar

Secretary Water and Power, Yousaf Naseem Khokhar on Wednesday said that privatisation of Karachi Electric (KE) has not achieved the desired results due to which the sell-off process of Discos has been shelved. He made these comments at a meeting of Nation
Published 04 May, 2017 12:00am
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