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May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-06-06
US MIDDAY: wheat drifts lower
Exchange

US MIDDAY: wheat drifts lower

Chicago Board of Trade soft red winter wheat futures fell early on Monday on seasonal pressure from the start of the US winter wheat harvest, analysts said, while corn and soyabean futures were little changed. Spring wheat futures on the Minneapolis Grain
Published 06 Jun, 2017 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 06 Jun, 2017 12:00am
Arab powers sever Qatar ties

Arab powers sever Qatar ties

The Arab world's biggest powers cut ties with Qatar on Monday over alleged support for Islamists and Iran, reopening a festering wound two weeks after US President Donald Trump's demand for Muslim states to fight terrorism. Saudi Arabia, Egypt, United Ara
Published 06 Jun, 2017 12:00am
Arab powers sever Qatar ties

Arab powers sever Qatar ties

The Arab world's biggest powers cut ties with Qatar on Monday over alleged support for Islamists and Iran, reopening a festering wound two weeks after US President Donald Trump's demand for Muslim states to fight terrorism. Saudi Arabia, Egypt, United Ara
Published 06 Jun, 2017 12:00am
Arab powers sever Qatar ties

Arab powers sever Qatar ties

The Arab world''s biggest powers cut ties with Qatar on Monday over alleged support for Islamists and Iran, reopening a festering wound two weeks after US President Donald Trump''s demand for Muslim states to fight terrorism. Saudi Arabia, Egypt, United A
Published 06 Jun, 2017 12:00am
Oil falls one percent on fears Mideast rift could harm Opec cuts

Oil falls one percent on fears Mideast rift could harm Opec cuts

Oil prices fell about 1 percent on Monday on concerns that the cutting of ties with Qatar by top crude exporter Saudi Arabia and other Arab states could hamper a global deal to reduce oil production. Saudi Arabia, the United Arab Emirates, Egypt and Bahra
Published 06 Jun, 2017 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

Firmness prevailed on the money market on Monday as the rupee stained its present levels in the process of trading, dealers said. The rupee inched up by two paisas in terms of the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively, deal
Published 06 Jun, 2017 12:00am
Oil falls one percent on fears Mideast rift could harm Opec cuts

Oil falls one percent on fears Mideast rift could harm Opec cuts

Oil prices fell about 1 percent on Monday on concerns that the cutting of ties with Qatar by top crude exporter Saudi Arabia and other Arab states could hamper a global deal to reduce oil production. Saudi Arabia, the United Arab Emirates, Egypt and Bahra
Published 06 Jun, 2017 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

Firmness prevailed on the money market on Monday as the rupee stained its present levels in the process of trading, dealers said. The rupee inched up by two paisas in terms of the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively, deal
Published 06 Jun, 2017 12:00am
Oil falls one percent on fears Mideast rift could harm Opec cuts

Oil falls one percent on fears Mideast rift could harm Opec cuts

Oil prices fell about 1 percent on Monday on concerns that the cutting of ties with Qatar by top crude exporter Saudi Arabia and other Arab states could hamper a global deal to reduce oil production. Saudi Arabia, the United Arab Emirates, Egypt and Bahra
Published 06 Jun, 2017 12:00am
PPP too eyes 2018 elections

PPP too eyes 2018 elections

Proposing no new tax, Sindh Chief Minister Syed Murad Ali Shah on Monday presented an all-time high provincial budget of Rs 1.043 trillion for the next fiscal year 2017-18, showing a deficit of over Rs 14 billion. In the budget speech during the Sindh Ass
Published 06 Jun, 2017 12:00am
PPP too eyes 2018 elections

PPP too eyes 2018 elections

Proposing no new tax, Sindh Chief Minister Syed Murad Ali Shah on Monday presented an all-time high provincial budget of Rs 1.043 trillion for the next fiscal year 2017-18, showing a deficit of over Rs 14 billion. In the budget speech during the Sindh Ass
Published 06 Jun, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 05, 2017).

Published 06 Jun, 2017 12:00am
Election results may surprise financial markets: World Bank
Cotton

Election results may surprise financial markets: World Bank

The upcoming elections in Pakistan (2018) could be accompanied by heightened policy uncertainty, and election results could surprise financial markets, says the World Bank (WB). The WB report "global economic prospects a fragile recovery", states that inc
Published 06 Jun, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 05, 2017).

Published 06 Jun, 2017 12:00am
Election results may surprise financial markets: World Bank
Cotton

Election results may surprise financial markets: World Bank

The upcoming elections in Pakistan (2018) could be accompanied by heightened policy uncertainty, and election results could surprise financial markets, says the World Bank (WB). The WB report "global economic prospects a fragile recovery", states that inc
Published 06 Jun, 2017 12:00am
Election results may surprise financial markets: World Bank
Cotton

Election results may surprise financial markets: World Bank

The upcoming elections in Pakistan (2018) could be accompanied by heightened policy uncertainty, and election results could surprise financial markets, says the World Bank (WB). The WB report "global economic prospects a fragile recovery", states that inc
Published 06 Jun, 2017 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (June 05, 2017).

Published 06 Jun, 2017 12:00am
PSX makes historic gain
Exchange

PSX makes historic gain

Despite continuous foreign selling, Pakistan Stock Exchange Monday turned bullish and the benchmark KSE-100 index registered the highest-ever single day increase on the back of heavy buying mainly by institutions. The KSE-100 index increased by 1,565.63 p
Published 06 Jun, 2017 12:00am
PSX makes historic gain
Exchange

PSX makes historic gain

Despite continuous foreign selling, Pakistan Stock Exchange Monday turned bullish and the benchmark KSE-100 index registered the highest-ever single day increase on the back of heavy buying mainly by institutions. The KSE-100 index increased by 1,565.63 p
Published 06 Jun, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (June 05, 2017)

Published 06 Jun, 2017 12:00am
PSX makes historic gain
Exchange

PSX makes historic gain

Despite continuous foreign selling, Pakistan Stock Exchange Monday turned bullish and the benchmark KSE-100 index registered the highest-ever single day increase on the back of heavy buying mainly by institutions. The KSE-100 index increased by 1,565.63 p
Published 06 Jun, 2017 12:00am
BRIndex30 gains 1105.83 points

BRIndex30 gains 1105.83 points

On Monday, BRIndex30 opened at 25,856.54 points and remained positive throughout the trading session. It touched an intraday high of 27,016.08 points and an intraday low of 25,856.54 points and closed at 26,962.37 points which was 1105.83 points or 4.28 p
Published 06 Jun, 2017 12:00am
BRIndex30 gains 1105.83 points

BRIndex30 gains 1105.83 points

On Monday, BRIndex30 opened at 25,856.54 points and remained positive throughout the trading session. It touched an intraday high of 27,016.08 points and an intraday low of 25,856.54 points and closed at 26,962.37 points which was 1105.83 points or 4.28 p
Published 06 Jun, 2017 12:00am
Indian troops in IHK kill four 'suicide' attackers

Indian troops in IHK kill four 'suicide' attackers

Indian paramilitary forces killed four suspected suicide attackers who tried to storm their camp in the held Kashmir region early Monday. The gunmen lobbed grenades and fired automatic weapons outside the Central Reserve Police Force (CRPF) camp in Indian
Published 06 Jun, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (June 05, 2017).

Published 06 Jun, 2017 12:00am
Kabul to host peace summit after week of deadly violence

Kabul to host peace summit after week of deadly violence

Kabul will host a multinational peace conference on Afghanistan Tuesday, as the capital reels from a wave of bombings and clashes that left more than 100 people dead and hundreds wounded in the last week. Much of Kabul remains on lockdown ahead of the con
Published 06 Jun, 2017 12:00am
Qatari prince refuses to appear before JIT

Qatari prince refuses to appear before JIT

The joint investigation team (JIT) tasked to investigate the Sharif family's financial dealings abroad has received Qatari Prince Hamad bin Jassim bin Jaber Al Thani's reply through a letter wherein he has refused to appear before the JIT in person due to
Published 06 Jun, 2017 12:00am
Qatari prince refuses to appear before JIT

Qatari prince refuses to appear before JIT

The joint investigation team (JIT) tasked to investigate the Sharif family's financial dealings abroad has received Qatari Prince Hamad bin Jassim bin Jaber Al Thani's reply through a letter wherein he has refused to appear before the JIT in person due to
Published 06 Jun, 2017 12:00am
The Weather

The Weather

The weather report on Monday (June 05, 2017) and the forecast for Tuesday (June 06, 2017).

Published 06 Jun, 2017 12:00am
Nehal granted 10 days to file reply

Nehal granted 10 days to file reply

Supreme Court on Monday granted 10 days to Pakistan Muslim League-Nawaz (PML-N) leader Nehal Hashmi to submit a reply over his threatening speech through which he warned judges of the apex court and members of the Joint Investigation Team of dire conseque
Published 06 Jun, 2017 12:00am
Nehal granted 10 days to file reply

Nehal granted 10 days to file reply

Supreme Court on Monday granted 10 days to Pakistan Muslim League-Nawaz (PML-N) leader Nehal Hashmi to submit a reply over his threatening speech through which he warned judges of the apex court and members of the Joint Investigation Team of dire conseque
Published 06 Jun, 2017 12:00am
Police name two London attackers as Butt, Redouane

Police name two London attackers as Butt, Redouane

Police on Monday named two of the three men behind the London terror attack, saying one was known to security services but that there had been no intelligence about an attack. Khuram Shazad Butt was 27 and a British citizen born in Pakistan, police said i
Published 06 Jun, 2017 12:00am
Police name two London attackers as Butt, Redouane

Police name two London attackers as Butt, Redouane

Police on Monday named two of the three men behind the London terror attack, saying one was known to security services but that there had been no intelligence about an attack. Khuram Shazad Butt was 27 and a British citizen born in Pakistan, police said i
Published 06 Jun, 2017 12:00am
Hussain's picture: probe initiated

Hussain's picture: probe initiated

Joint Investigation Team (JIT), formed to probe Panama Leaks case, has launched an inquiry into leak of Prime Minister Nawaz Sharif's son Hussain Nawaz's picture sitting in a room in Federal Judicial Academy. The committee would assess the authenticity of
Published 06 Jun, 2017 12:00am
Hussain's picture: probe initiated

Hussain's picture: probe initiated

Joint Investigation Team (JIT), formed to probe Panama Leaks case, has launched an inquiry into leak of Prime Minister Nawaz Sharif's son Hussain Nawaz's picture sitting in a room in Federal Judicial Academy. The committee would assess the authenticity of
Published 06 Jun, 2017 12:00am
Punjab budget 2017-18

Punjab budget 2017-18

The source of PML-N power, Punjab, was projected to pass a budget for election year that would not only appease those who voted for the party in 2013 elections but also attract those who did not vote for the party. To add to these political requirements w
Published 06 Jun, 2017 12:00am
Medical practitioners: inhumane, unprofessional

Medical practitioners: inhumane, unprofessional

The callous disregard for life that the doctors at civil hospital in Umerkot showed the other day is hard to believe. According to press reports, a 28-year-old sanity worker, Irfan Masih, had fallen unconscious from inhaling poisonous gas while cleaning a
Published 06 Jun, 2017 12:00am
Understated expenditure projections

Understated expenditure projections

A first look at the Federal expenditure budget for 2017-2018 reveals that it has all the right ingredients. First, overall expenditure has been fixed at a level which, given the revenue projections, will lead to some reduction in the fiscal deficit in rel
Published 06 Jun, 2017 12:00am
Macron factor set to leap from presidency to parliament

Macron factor set to leap from presidency to parliament

Bastions are crumbling and loyalties shifting ahead of France's parliamentary elections. Emmanuel Macron, fresh from becoming the youngest French leader since Napoleon, now looks set to redraw the political map with a party he only formed a year ago. The
Published 06 Jun, 2017 12:00am
Fewer muni bonds have investors snapping up riskier hospital deals

Fewer muni bonds have investors snapping up riskier hospital deals

A lean issuance calendar in the municipal bond market is propping up debt prices for US cities and states and will likely keep a floor under some of the market's wobbly sectors, even hospitals, according to data and analysts. The scarcity of new deals als
Published 06 Jun, 2017 12:00am
Government won't be able to foot the pension bill

Government won't be able to foot the pension bill

This is apropos a Business Recorder news item "Pension challenge: Govt won't be able to foot the bill: top MoF official" carried by the newspaper on Sunday. The report states that Secretary Finance Tariq Bajwa has said that the government will not
Published 06 Jun, 2017 12:00am
Two killed in separate incidents

Two killed in separate incidents

Two people were killed three other injured while police claimed to have arrested as many as 16 accused in separate raids here on Monday. According to police and rescue sources, a man identified as Sajjad Ahmad son of Ahmad Deen was found dead inside a hou
Published 06 Jun, 2017 12:00am
28th death anniversary of Khamenei marked in Peshawar

28th death anniversary of Khamenei marked in Peshawar

The 28th death anniversary of the founder of Islamic revolution of Iran and revolutionary figure Ayatollah Khamenei observed here at Khana-e-Farhang Iran. Consul General Islamic Republic of Iran in Peshawar Mohammad Bagher Beigi, renowned scholars and thi
Published 06 Jun, 2017 12:00am
Road safety campaign launched

Road safety campaign launched

A road safety campaign was by the National Highway and Motorway Police here on Monday. In this campaign, iftar boxes, special road safety pamphlets and brochures were distributed among the commuters and motorists on Motorway M-2 Ravi Toll Plaza, Lahore.
Published 06 Jun, 2017 12:00am
Prime Minister to attend SCO Summit in Astana

Prime Minister to attend SCO Summit in Astana

Foreign Secretary Tahmina Janjua said Prime Minister Nawaz Sharif will attend Shanghai Co-operation Organization Summit beginning in Astana Kazakhstan on Thursday. In an interview, she said Pakistan will be given full membership of SCO in the summit. Turn
Published 06 Jun, 2017 12:00am
'DISCOs not following loadshedding schedule'

'DISCOs not following loadshedding schedule'

Successive power outages over the last few days was a clear manifestation of forced closures, which means the distribution companies (DISCOs) are not following the load shedding schedule, said power sector experts. Many areas of the province, particularly
Published 06 Jun, 2017 12:00am
MoF earmarks six percent lower subsidy for power sector

MoF earmarks six percent lower subsidy for power sector

The Finance Ministry has earmarked 6 percent lower subsidy for the power sector for 2017-18 vis-à-vis demand of the Ministry of Water and Power, which is unable to meet contractual obligations with the Independent Power Producers (IPPs) and Pakistan State
Published 06 Jun, 2017 12:00am
Police launch 'Local Eye' app for families of cops killed on duty

Police launch 'Local Eye' app for families of cops killed on duty

The Punjab police launched on Monday the "Local Eye" App with an object to facilitate police officials, particularly the families of martyred ones. "Through this App, the families of martyred ones would be able to receive their pension online while sittin
Published 06 Jun, 2017 12:00am
Japanese envoy calls on CoAS

Japanese envoy calls on CoAS

Takashi Kurai, Ambassador of Japan called on Chief of Army Staff General Qamar Javed Bajwa at GHQ on Monday. Matters of mutual interest with focus on regional security were discussed during the meeting. The ambassador appreciated the efforts and sacrifice
Published 06 Jun, 2017 12:00am
Musicians demand probe into Hunar Mela corruption

Musicians demand probe into Hunar Mela corruption

Artistes and performers gathered in Peshawar to raise voice for their due rights and also vowed to use the art of music for addressing social issues. The Music Welfare Society (MWS) conducted the event at a local music market in Nishatarabad Peshawar, her
Published 06 Jun, 2017 12:00am
FBR approval compulsory before attaching bank accounts: Senate panel

FBR approval compulsory before attaching bank accounts: Senate panel

While expressing concern over the attachment of bank accounts, the Senate Standing Committee on Finance has recommended that attachment of bank account should not be done without the prior approval of the Federal Board of Revenue (FBR) because of its impa
Published 06 Jun, 2017 12:00am
Punjab budget reflects speedy development: Rana

Punjab budget reflects speedy development: Rana

Punjab Law Minister Rana Sanaullah Khan has said that the Punjab government has presented biggest historical budget for the year 2017-18 which reflects the speedy and sustainable development of different sectors. He was addressing the participants of an I
Published 06 Jun, 2017 12:00am
Kidnapped Pakistani workers freed after six months

Kidnapped Pakistani workers freed after six months

Six kidnapped Pakistani workers for a Polish oil and gas company have been freed, a local official said on Monday, more than six months after they were abducted by a faction of the Taliban. The six workers for oil and gas surveyor Geofizyka Krakow were re
Published 06 Jun, 2017 12:00am
Blocked CNICs' verification process launched in Bajaur Agency

Blocked CNICs' verification process launched in Bajaur Agency

The Bajaur Agency administration has launched the verification process of the blocked computerized National Identity Cards (CNICs) in the Agency. Assistant political agent Anwarul Haq told journalists that the verification process of blocked CNICs has bee
Published 06 Jun, 2017 12:00am
100+ Ramazan profiteers held in Peshawar

100+ Ramazan profiteers held in Peshawar

District administration arrested 111 persons in crackdown against profiteers from different bazaars during Iftar time. The arrested profiteers were included fresh milk sellers, fruit and vegetable vendors, butchers, grocers and others. On the directives o
Published 06 Jun, 2017 12:00am
Need to prepare youths for emergency response highlighted

Need to prepare youths for emergency response highlighted

Experts at a concluding ceremony of a training workshop have stressed the urgent need to give proper and practical trainings to the youths especially varsity students enabling them to efficiently handle the major emergencies as well as natural calamities
Published 06 Jun, 2017 12:00am
Budget debate: Corruption rampant in every institution, says PML-N MNA

Budget debate: Corruption rampant in every institution, says PML-N MNA

Pakistan Muslim League-Nawaz (PML-N) MNA former Justice Iftikhar Ahmad Cheema said on Monday that menace of corruption has penetrated all institutions and there is no concept of getting things done without greasing palm of the officials. Taking part in th
Published 06 Jun, 2017 12:00am
Three women killed, two hurt in truck collision

Three women killed, two hurt in truck collision

At least three women were killed while two sustained severe wounds in a speeding truck collision near Bahadurpur in Sadiqabad on Monday. According to details, the incident took place when some women, who came to work in the fields, were crushed by a truck
Published 06 Jun, 2017 12:00am
Journey of development to continue: Prime Minister

Journey of development to continue: Prime Minister

Prime Minister Nawaz Sharif has expressed his firm resolve to continue the journey of progress, prosperity and development to make the country an economic power. While addressing the PML-N workers here on Monday, Nawaz said that his government had always
Published 06 Jun, 2017 12:00am
LHC reserves verdict on text book printing contract case

LHC reserves verdict on text book printing contract case

The Lahore High Court on Monday reserved its verdict on an application to restraint provincial government and Punjab curriculum text book board from awarding contract to board's own agencies. The petition moved on behalf of a publisher Ali Brothers allege
Published 06 Jun, 2017 12:00am
New budget reflection of Punjab's highhandedness: PkMAP
Exchange

New budget reflection of Punjab's highhandedness: PkMAP

Sardar Azam Khan Musakhel, a Senator belonging to PkMAP, an ally of ruling PML-N, on Monday said that new budget is reflection of Punjab's highhandedness which is once again out to roll back 18th Amendment in connivance with the federal government. Talkin
Published 06 Jun, 2017 12:00am
ACI signs partnership agreement with PEC

ACI signs partnership agreement with PEC

As part of its international initiative to seek opportunities to advance global outreach, ACI announces that an International Partnership Agreement with the Pakistan Engineering Council (PEC) was recently completed. This new agreement formalizes the desir
Published 06 Jun, 2017 12:00am
BankIslami extends strategic alliance with Premier System

BankIslami extends strategic alliance with Premier System

BankIslami Pakistan Limited has extended their agreement, for the year 2017, with Premier System (Pvt) Ltd (Audi Pakistan); Pakistan's No 1 luxury premium automobile brand. With the successful completion of one year of alliance, both BankIslami and Audi P
Published 06 Jun, 2017 12:00am
PBIF chief praised Shahbaz for budgetary proposals on CPEC

PBIF chief praised Shahbaz for budgetary proposals on CPEC

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that Chief Minister Punjab Shahbaz Sharif deserves credit for framing budgetary proposals in a way to get maximum benefit from the CPEC projects that include reloca
Published 06 Jun, 2017 12:00am
NCCPL hails Pakistan's inclusion in MSCI EMI
Exchange

NCCPL hails Pakistan's inclusion in MSCI EMI

The National Clearing Company of Pakistan Limited (NCCPL) Monday said that they are enthralled at the successful completion of the process of inclusion of Pakistan in MSCI Emerging Market Index with effect from June 01, 2017. A long awaited and well deser
Published 06 Jun, 2017 12:00am
Shopkeepers, fruit & vegetable vendors fined

Shopkeepers, fruit & vegetable vendors fined

As Many as 139 fruit, vegetable sellers and retail shopkeepers were fined Rs 90,300 by district administration Matiari for overcharging and measuring embezzlement during last eight days of holy month of Ramazan.
Published 06 Jun, 2017 12:00am
PN observes World Environment Day

PN observes World Environment Day

The World Environment Day is observed internationally on 05 June every year under the auspices of United Nations Environment Programme (UNEP). The purpose of celebrating World Environment Day is to bring worldwide focus on importance of environment and st
Published 06 Jun, 2017 12:00am
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