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Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-05-20
Minister for early completion of uplift schemes in Mansehra

Minister for early completion of uplift schemes in Mansehra

Khyber Pakhtunkhwa Senior Minister for Irrigation, Sikandar Hayat Khan Sherpao and Provincial Minister for Labour, Anisa Zeb Tahirkheli have directed the national building departments to accelerate efforts for early completion of development schemes in di
Published 20 May, 2017 12:00am
PML-Q leaders felicitate CPNE office-bearers

PML-Q leaders felicitate CPNE office-bearers

PML-Q President Chaudhry Shujat Hussain, senior leaders Chaudhry Parvez Elahi and Moonis Elahi have felicitated CPNE newly-elected President Zia Shahid, Secretary General Zia ul Haq and other office-bearers. In their messages of felicitations, they hoped
Published 20 May, 2017 12:00am
Minister for gearing up dengue surveillance

Minister for gearing up dengue surveillance

Punjab Minister for Specialized Healthcare and Medical Education Khawaja Salman Rafique has directed the relevant departments to gear up dengue outdoor and indoor surveillance in the districts where larva is reported in sufficient quantity. The Minister i
Published 20 May, 2017 12:00am
Early completion of CPEC projects top priority: Shahbaz

Early completion of CPEC projects top priority: Shahbaz

Punjab Chief Minister Shahbaz Sharif talking to public representatives here Friday said that China has been investing billions of dollars in Pakistan under CPEC project, adding he is thankful to Chinese President Xi Jinping, Prime Minister Li Keqiang, and
Published 20 May, 2017 12:00am
Panellists term human security vital for economic progress
Exchange

Panellists term human security vital for economic progress

Economic progress of Pakistan is not possible without ensuring human security in terms of improving their life standard and providing them with basic amenities like water, food and energy and the country also needs to stop using non-state actors against i
Published 20 May, 2017 12:00am
No seat at Brexit talks for Scottish nationalists: PM

No seat at Brexit talks for Scottish nationalists: PM

British Prime Minister Theresa May on Friday took her campaign for the June general election to Scotland, where she rejected nationalist leader Nicola Sturgeon's demand for a seat at the Brexit negotiating table. May promised to consult the devolved Scott
Published 20 May, 2017 12:00am
No seat at Brexit talks for Scottish nationalists: PM

No seat at Brexit talks for Scottish nationalists: PM

British Prime Minister Theresa May on Friday took her campaign for the June general election to Scotland, where she rejected nationalist leader Nicola Sturgeon's demand for a seat at the Brexit negotiating table. May promised to consult the devolved Scott
Published 20 May, 2017 12:00am
141 dead in south Libya airbase attack

141 dead in south Libya airbase attack

At least 141 people, mostly soldiers loyal to Libya's Field Marshal Khalifa Haftar, have been killed in an attack on a southern airbase, a spokesman for his forces said Friday. The victims of Thursday's attack by rival forces include civilians who worked
Published 20 May, 2017 12:00am
141 dead in south Libya airbase attack

141 dead in south Libya airbase attack

At least 141 people, mostly soldiers loyal to Libya's Field Marshal Khalifa Haftar, have been killed in an attack on a southern airbase, a spokesman for his forces said Friday. The victims of Thursday's attack by rival forces include civilians who worked
Published 20 May, 2017 12:00am
Vote counting starts after heavy turnout in Iran election
Exchange

Vote counting starts after heavy turnout in Iran election

Vote counting began in Iran on Saturday after a large turnout in an unexpectedly tight presidential election pitting President Hassan Rouhani, who wants to normalise ties with the West, against a hardline judge who says he has already gone too far. Friday
Published 20 May, 2017 12:00am
Vote counting starts after heavy turnout in Iran election
Exchange

Vote counting starts after heavy turnout in Iran election

Vote counting began in Iran on Saturday after a large turnout in an unexpectedly tight presidential election pitting President Hassan Rouhani, who wants to normalise ties with the West, against a hardline judge who says he has already gone too far. Friday
Published 20 May, 2017 12:00am
Trump takes perilous first steps on world stage

Trump takes perilous first steps on world stage

From Riyadh to occupied Jerusalem, Bethlehem, Rome, Brussels and Sicily, Donald Trump left a swirl of domestic woes behind Friday as he embarked on a first foreign trip that will be closely watched in capitals the world over. Trump's extraordinarily dense
Published 20 May, 2017 12:00am
Trump takes perilous first steps on world stage

Trump takes perilous first steps on world stage

From Riyadh to occupied Jerusalem, Bethlehem, Rome, Brussels and Sicily, Donald Trump left a swirl of domestic woes behind Friday as he embarked on a first foreign trip that will be closely watched in capitals the world over. Trump's extraordinarily dense
Published 20 May, 2017 12:00am
Top Saudi cleric 'blesses' Trump-Muslim summit

Top Saudi cleric 'blesses' Trump-Muslim summit

A top Saudi cleric on Friday described as "blessed" an Islamic summit in the capital Riyadh at the weekend to be attended by Muslim leaders and US President Donald Trump. In his Friday sermon, the imam of the holy city of Makkah, Sheikh Saleh bin Hamid, p
Published 20 May, 2017 12:00am
Top Saudi cleric 'blesses' Trump-Muslim summit

Top Saudi cleric 'blesses' Trump-Muslim summit

A top Saudi cleric on Friday described as "blessed" an Islamic summit in the capital Riyadh at the weekend to be attended by Muslim leaders and US President Donald Trump. In his Friday sermon, the imam of the holy city of Makkah, Sheikh Saleh bin Hamid, p
Published 20 May, 2017 12:00am
Rs 2.133 trillion PSDP approved by NEC: Ahsan

Rs 2.133 trillion PSDP approved by NEC: Ahsan

The National Economic Council (NEC) has approved Rs 2.133 trillion Public Sector Development Programme (PSDP) and growth target of 6 per cent for the next fiscal year, said Minister for Planning, Development and Reform Ahsan Iqbal. Addressing a news confe
Published 20 May, 2017 12:00am
Rs 2.133 trillion PSDP approved by NEC: Ahsan

Rs 2.133 trillion PSDP approved by NEC: Ahsan

The National Economic Council (NEC) has approved Rs 2.133 trillion Public Sector Development Programme (PSDP) and growth target of 6 per cent for the next fiscal year, said Minister for Planning, Development and Reform Ahsan Iqbal. Addressing a news confe
Published 20 May, 2017 12:00am
Rs 2.133 trillion PSDP approved by NEC: Ahsan

Rs 2.133 trillion PSDP approved by NEC: Ahsan

The National Economic Council (NEC) has approved Rs 2.133 trillion Public Sector Development Programme (PSDP) and growth target of 6 per cent for the next fiscal year, said Minister for Planning, Development and Reform Ahsan Iqbal. Addressing a news confe
Published 20 May, 2017 12:00am
India amends law to oust squatting politicians from official homes

India amends law to oust squatting politicians from official homes

India has redrafted a law to allow politicians to be forcibly removed from official homes within three days of leaving office, to end the practice of squatting by powerful figures. Prime Minister Narendra Modi's cabinet approved an amendment to an existin
Published 20 May, 2017 12:00am
India amends law to oust squatting politicians from official homes

India amends law to oust squatting politicians from official homes

India has redrafted a law to allow politicians to be forcibly removed from official homes within three days of leaving office, to end the practice of squatting by powerful figures. Prime Minister Narendra Modi's cabinet approved an amendment to an existin
Published 20 May, 2017 12:00am
SBP unveils updated version of forex manual
Exchange

SBP unveils updated version of forex manual

In order to facilitate the stakeholders including Authorised Dealers (banks), exporters, importers, travel agents, carriers, etc, the State Bank of Pakistan keeps on issuing updated Foreign Exchange Manual from time to time. Last such version of the manua
Published 20 May, 2017 12:00am
SBP unveils updated version of forex manual
Exchange

SBP unveils updated version of forex manual

In order to facilitate the stakeholders including Authorised Dealers (banks), exporters, importers, travel agents, carriers, etc, the State Bank of Pakistan keeps on issuing updated Foreign Exchange Manual from time to time. Last such version of the manua
Published 20 May, 2017 12:00am
SBP unveils updated version of forex manual
Exchange

SBP unveils updated version of forex manual

In order to facilitate the stakeholders including Authorised Dealers (banks), exporters, importers, travel agents, carriers, etc, the State Bank of Pakistan keeps on issuing updated Foreign Exchange Manual from time to time. Last such version of the manua
Published 20 May, 2017 12:00am
SBP unveils updated version of forex manual
Exchange

SBP unveils updated version of forex manual

In order to facilitate the stakeholders including Authorised Dealers (banks), exporters, importers, travel agents, carriers, etc, the State Bank of Pakistan keeps on issuing updated Foreign Exchange Manual from time to time. Last such version of the manua
Published 20 May, 2017 12:00am
Implementation of reclassified Pakistan-inclusive EM Index announced

Implementation of reclassified Pakistan-inclusive EM Index announced

The MSCI Inc has announced the implementation of their reclassified Pakistan-inclusive EM Index. The start date of this implementation has been set for June 01, 2017. Based on T+2 settlement cycle, it is expected that the related orders will be coming to
Published 20 May, 2017 12:00am
Implementation of reclassified Pakistan-inclusive EM Index announced

Implementation of reclassified Pakistan-inclusive EM Index announced

The MSCI Inc has announced the implementation of their reclassified Pakistan-inclusive EM Index. The start date of this implementation has been set for June 01, 2017. Based on T+2 settlement cycle, it is expected that the related orders will be coming to
Published 20 May, 2017 12:00am
Implementation of reclassified Pakistan-inclusive EM Index announced

Implementation of reclassified Pakistan-inclusive EM Index announced

The MSCI Inc has announced the implementation of their reclassified Pakistan-inclusive EM Index. The start date of this implementation has been set for June 01, 2017. Based on T+2 settlement cycle, it is expected that the related orders will be coming to
Published 20 May, 2017 12:00am
Bears take control
Exchange

Bears take control

Pakistan Stock Exchange closed on a negative note due to selling pressure Friday. The benchmark KSE-100 index declined by 214.57 points to close at 50,742.03 points. Daily trading volumes increased to 345.047 million shares as compared to 302.127 million
Published 20 May, 2017 12:00am
Bears take control
Exchange

Bears take control

Pakistan Stock Exchange closed on a negative note due to selling pressure Friday. The benchmark KSE-100 index declined by 214.57 points to close at 50,742.03 points. Daily trading volumes increased to 345.047 million shares as compared to 302.127 million
Published 20 May, 2017 12:00am
Bears take control
Exchange

Bears take control

Pakistan Stock Exchange closed on a negative note due to selling pressure Friday. The benchmark KSE-100 index declined by 214.57 points to close at 50,742.03 points. Daily trading volumes increased to 345.047 million shares as compared to 302.127 million
Published 20 May, 2017 12:00am
BRIndex30 falls 140.95 points

BRIndex30 falls 140.95 points

On Friday, BRIndex30 opened at 27,517.23 points. It touched an intraday high of 27,736.70 points and an intraday low of 27,345.63 points and closed at 27,376.28 points which was -140.95 points or -0.51 percent lower than previous close. Total volume was 1
Published 20 May, 2017 12:00am
BRIndex30 falls 140.95 points

BRIndex30 falls 140.95 points

On Friday, BRIndex30 opened at 27,517.23 points. It touched an intraday high of 27,736.70 points and an intraday low of 27,345.63 points and closed at 27,376.28 points which was -140.95 points or -0.51 percent lower than previous close. Total volume was 1
Published 20 May, 2017 12:00am
FBR to allow WHT adjustment on cash withdrawals
Exchange

FBR to allow WHT adjustment on cash withdrawals

The Federal Board of Revenue (FBR) has agreed to allow adjustment of withholding tax on cash withdrawals by branchless banking (BB) agents in budget (2017-18). Sources told Business Recorder here on Friday that the issue of adjustment of withholdin
Published 20 May, 2017 12:00am
FBR to allow WHT adjustment on cash withdrawals
Exchange

FBR to allow WHT adjustment on cash withdrawals

The Federal Board of Revenue (FBR) has agreed to allow adjustment of withholding tax on cash withdrawals by branchless banking (BB) agents in budget (2017-18). Sources told Business Recorder here on Friday that the issue of adjustment of withholdin
Published 20 May, 2017 12:00am
FBR to allow WHT adjustment on cash withdrawals
Exchange

FBR to allow WHT adjustment on cash withdrawals

The Federal Board of Revenue (FBR) has agreed to allow adjustment of withholding tax on cash withdrawals by branchless banking (BB) agents in budget (2017-18). Sources told Business Recorder here on Friday that the issue of adjustment of withholdin
Published 20 May, 2017 12:00am
Tax Year 2015 audit: FBR not to disclose risk parameters

Tax Year 2015 audit: FBR not to disclose risk parameters

The Federal Board of Revenue (FBR) has categorically said that it would not disclose risk parameters used for selection of income tax cases for audit for the Tax Year 2015. In a clarification, the FBR has also stated that the cases selected for audit for
Published 20 May, 2017 12:00am
Tax Year 2015 audit: FBR not to disclose risk parameters

Tax Year 2015 audit: FBR not to disclose risk parameters

The Federal Board of Revenue (FBR) has categorically said that it would not disclose risk parameters used for selection of income tax cases for audit for the Tax Year 2015. In a clarification, the FBR has also stated that the cases selected for audit for
Published 20 May, 2017 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 20 May, 2017 12:00am
Tax Year 2015 audit: FBR not to disclose risk parameters

Tax Year 2015 audit: FBR not to disclose risk parameters

The Federal Board of Revenue (FBR) has categorically said that it would not disclose risk parameters used for selection of income tax cases for audit for the Tax Year 2015. In a clarification, the FBR has also stated that the cases selected for audit for
Published 20 May, 2017 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 20 May, 2017 12:00am
Old, new technology clash as glitch hits Netflix Cannes premiere

Old, new technology clash as glitch hits Netflix Cannes premiere

The team behind the first of two controversial Netflix movies at the Cannes film festival on Friday defended working with the streaming giant, after a technical hiccup sparked near pandemonium at its premiere. British actress Tilda Swinton, a star and exe
Published 20 May, 2017 12:00am
EPTL, PCESSDC sign agreement

EPTL, PCESSDC sign agreement

Achieving yet another milestone in an effort to harness the potential of Thari human resource, Engro Powergen Thar Limited (EPTL) has signed an agreement with Pakistan Chemical & Energy Sector Skills Development Company (PCESSDC) to sponsor a 3-year progr
Published 20 May, 2017 12:00am
Upper Sindh sizzles at 49 degrees Celsius

Upper Sindh sizzles at 49 degrees Celsius

Upper Sindh on Friday simmered with maximum 49 degrees Celsius as the Met Office forecasts mainly hot and dry for the most parts of the country in the next 24 hours. Temperature in Dadu and Larkana districts touched maximum 49 degrees Celsius, each, Sibbi
Published 20 May, 2017 12:00am
ICJ's restraining order

ICJ's restraining order

While Indians celebrate interim order of the International Court of Justice that seeks to restrain the execution of spymaster Kulbhushan Jadhav, there is the heated debate in Pakistan if the government could have prevented the initial outcome. In what has
Published 20 May, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (May 19, 2017).

Published 20 May, 2017 12:00am
China's new world order

China's new world order

The Belt and Road Forum at Beijing well projected China as the country leading the new world order with the emerging markets rallying behind it and Russia deciding to throw its weight in favour of the new order. The US and the G20 are observing the develo
Published 20 May, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (May 19, 2017).

Published 20 May, 2017 12:00am
EPB to TDAP: Mission export

EPB to TDAP: Mission export

No power can compensate or equal economic strength. Whether it is an individual, society or a country, economic strength is a power tool for getting things done quickly. Well, most of the time. at least. Historically in Pakistan, whenever trade commerce o
Published 20 May, 2017 12:00am
Saudi Arab looks to assert regional role with Trump summit
Exchange

Saudi Arab looks to assert regional role with Trump summit

Saudi Arabia is looking to assert its regional leadership against Iran by hosting a summit between visiting US President Donald Trump and Muslim leaders from around the world, analysts say. Trump, on his first foreign trip since taking office in January,
Published 20 May, 2017 12:00am
Federal PSDP and allocations

Federal PSDP and allocations

This is apropos a Business Recorder news item "Rs 1trn FY18 federal PSDP ignores KP: CM" as carried by it on Thursday. According to it, Annual Plan Co-ordination Committee (APCC) has approved Rs 2.113 trillion for the next fiscal year Public Sector
Published 20 May, 2017 12:00am
The Weather

The Weather

The weather report on Friday (May 19, 2017) and the forecast for Friday (May 19, 2017).

Published 20 May, 2017 12:00am
Rubber climbs
Exchange

Rubber climbs

Benchmark Tokyo rubber futures rose on Friday, helped by a weaker yen against the dollar after stronger-than-expected US economic data put the focus back on rate hikes, and posted a gain of nearly 5 percent for the week. The Tokyo Commodity Exchange (TOCO
Published 20 May, 2017 12:00am
Oil at one-month high, supply-cut extension expected

Oil at one-month high, supply-cut extension expected

Oil prices rose on Friday, closing out a second week of gains on growing expectations that Opec and other producing countries will agree next week to extend output cuts. Brent crude settled up $1.10, or 2.1 percent, at $53.61, the highest settlement for t
Published 20 May, 2017 12:00am
Cotton up slightly on weaker dollar
Cotton

Cotton up slightly on weaker dollar

ICE cotton futures rose slightly on Friday, snapping a three session losing streak on a weaker dollar, offsetting losses from recent export sales cancellations, increasing acreage and favourable weather for the natural fibre. Favourable weather in top gro
Published 20 May, 2017 12:00am
Keel laying ceremony of 32 tons BP Tug for PN held

Keel laying ceremony of 32 tons BP Tug for PN held

Keel laying ceremony of 32 Tons Bollard Pull (BP), Tug being built for Pakistan Navy, was held at Karachi Shipyard & Engineering Works (KS&EW) on Friday. Vice Admiral Arifullah Hussaini, Deputy Chief of Naval Staff (Projects) graced the occasion as Chief
Published 20 May, 2017 12:00am
Measles outbreak 15 of family hospitalized in Dera Bugti

Measles outbreak 15 of family hospitalized in Dera Bugti

Woman and children among 15 people of a family were hospitalized after affected of measles here on Friday. Health sources said that measles broke out in Dera Bugti city with the increase in mercury and unhygienic condition. As a result 15 people including
Published 20 May, 2017 12:00am
'Musharraf will have to appear before court under any circumstance'

'Musharraf will have to appear before court under any circumstance'

A three-member bench of Special Court, headed by Justice Yahya Afridi, on Friday continued the hearing of the high treason case against former President General Pervez Musharraf (retd). During the court proceedings, a representative of the Interior Minist
Published 20 May, 2017 12:00am
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