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May 10, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-07-12
Opponents making efforts to impose 'judicial 58-2(b)': Ahsan
Exchange

Opponents making efforts to impose 'judicial 58-2(b)': Ahsan

Minister for Planning, Development and Reform Ahsan Iqbal has said that the opponents are making efforts to impose "judicial 58-2(b)" in the country. He expressed these views while addressing a Pakistan Muslim League-Nawaz (PML-N) youth convention here on
Published 12 Jul, 2017 12:00am
Money laundering: notices issued to businessmen, others

Money laundering: notices issued to businessmen, others

The Anti-Money Laundering Cell of the Directorate General of Intelligence and Investigation Islamabad has issued notices to 20 businessmen/individuals, including a few politicians, in major cases of money laundering committed through gift arrangements.
Published 12 Jul, 2017 12:00am
Government delays LNG deliveries

Government delays LNG deliveries

Pakistan LNG has pushed back the delivery window of four liquefied natural gas (LNG) cargoes sought in a tender to December from October citing potential delays at its new import terminal, the company said on its website. The latest notice is the second t
Published 12 Jul, 2017 12:00am
Government delays LNG deliveries

Government delays LNG deliveries

Pakistan LNG has pushed back the delivery window of four liquefied natural gas (LNG) cargoes sought in a tender to December from October citing potential delays at its new import terminal, the company said on its website. The latest notice is the second t
Published 12 Jul, 2017 12:00am
Government delays LNG deliveries

Government delays LNG deliveries

Pakistan LNG has pushed back the delivery window of four liquefied natural gas (LNG) cargoes sought in a tender to December from October citing potential delays at its new import terminal, the company said on its website. The latest notice is the second t
Published 12 Jul, 2017 12:00am
Son-in-law of US President behind Qatar crisis?

Son-in-law of US President behind Qatar crisis?

Jared Kushner, the son-in-law of the US President Donald Trump, is said to be behind the Qatar crisis because he had tried and failed to secure a $500m loan from one of Qatar's richest businessmen hence he pushed his father-in-law to toe a hard line with
Published 12 Jul, 2017 12:00am
Dutch project tests floating cities to seek more space

Dutch project tests floating cities to seek more space

Dutch researchers unveiled Tuesday a model of what could become within two decades a floating mega-island to be used as a creative solution for accommodating housing, ports, farms or parks. Made up of 87 floating triangles of different sizes, the huge, fl
Published 12 Jul, 2017 12:00am
Hijazi granted protective bail
Exchange

Hijazi granted protective bail

Chairman Securities and Exchange Commission of Pakistan Zafarul Haq Hijazi on Tuesday secured a six-day protective bail in a case registered against him over criminal misconduct and misuse of official authority for allegedly passing illegal order and exer
Published 12 Jul, 2017 12:00am
Hijazi granted protective bail
Exchange

Hijazi granted protective bail

Chairman Securities and Exchange Commission of Pakistan Zafarul Haq Hijazi on Tuesday secured a six-day protective bail in a case registered against him over criminal misconduct and misuse of official authority for allegedly passing illegal order and exer
Published 12 Jul, 2017 12:00am
Hijazi granted protective bail
Exchange

Hijazi granted protective bail

Chairman Securities and Exchange Commission of Pakistan Zafarul Haq Hijazi on Tuesday secured a six-day protective bail in a case registered against him over criminal misconduct and misuse of official authority for allegedly passing illegal order and exer
Published 12 Jul, 2017 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 12 Jul, 2017 12:00am
16 dead in US military plane crash in Mississippi

16 dead in US military plane crash in Mississippi

All 16 troops aboard a Marine Corps air refueling and transport aircraft were killed when the plane crashed in a field in rural Mississippi, officials confirmed Tuesday.
Published 12 Jul, 2017 12:00am
16 dead in US military plane crash in Mississippi

16 dead in US military plane crash in Mississippi

All 16 troops aboard a Marine Corps air refueling and transport aircraft were killed when the plane crashed in a field in rural Mississippi, officials confirmed Tuesday.
Published 12 Jul, 2017 12:00am
Trade deficit up by 36.32 percent in 2016-17

Trade deficit up by 36.32 percent in 2016-17

Pakistan's trade deficit remained $ 32.578 billion for the just concluded fiscal year of 2016-17, up by 36.32 percent as compared to $ 23.898 billion trade deficit a year before, according to Pakistan Bureau of Statistics (PBS). The PBS which reports mont
Published 12 Jul, 2017 12:00am
Trade deficit up by 36.32 percent in 2016-17

Trade deficit up by 36.32 percent in 2016-17

Pakistan's trade deficit remained $ 32.578 billion for the just concluded fiscal year of 2016-17, up by 36.32 percent as compared to $ 23.898 billion trade deficit a year before, according to Pakistan Bureau of Statistics (PBS). The PBS which reports mont
Published 12 Jul, 2017 12:00am
Trade deficit up by 36.32 percent in 2016-17

Trade deficit up by 36.32 percent in 2016-17

Pakistan''s trade deficit remained $ 32.578 billion for the just concluded fiscal year of 2016-17, up by 36.32 percent as compared to $ 23.898 billion trade deficit a year before, according to Pakistan Bureau of Statistics (PBS). The PBS which reports mon
Published 12 Jul, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (July 11, 2017).

Published 12 Jul, 2017 12:00am
Shell Pakistan says to pay fine for tanker fire

Shell Pakistan says to pay fine for tanker fire

Shell Pakistan Limited (SPL) has agreed to pay the fine imposed by the Oil and Gas Regulatory Authority (OGRA) to comply with the regulator's directives. The OGRA on Friday last ordered Shell to pay about Rs 257 million ($2.4 million) in damages and compe
Published 12 Jul, 2017 12:00am
Shell Pakistan says to pay fine for tanker fire

Shell Pakistan says to pay fine for tanker fire

Shell Pakistan Limited (SPL) has agreed to pay the fine imposed by the Oil and Gas Regulatory Authority (OGRA) to comply with the regulator's directives. The OGRA on Friday last ordered Shell to pay about Rs 257 million ($2.4 million) in damages and compe
Published 12 Jul, 2017 12:00am
Shell Pakistan says to pay fine for tanker fire

Shell Pakistan says to pay fine for tanker fire

Shell Pakistan Limited (SPL) has agreed to pay the fine imposed by the Oil and Gas Regulatory Authority (OGRA) to comply with the regulator''s directives. The OGRA on Friday last ordered Shell to pay about Rs 257 million ($2.4 million) in damages and comp
Published 12 Jul, 2017 12:00am
NA body to discuss PSM rehabilitation plan tomorrow
Exchange

NA body to discuss PSM rehabilitation plan tomorrow

National Assembly Standing Committee on Industries and Production headed by Asad Umar scheduled to meet on Thursday (tomorrow) will consider three-phased $ 1.292 billion Pakistan Steel Mills (PSM) rehabilitation plan for 1.1 million tons per year , well i
Published 12 Jul, 2017 12:00am
THE RUPEE: no major change

THE RUPEE: no major change

The rupee sustained present levels against the dollar on the money market on Tuesday, dealers said.The rupee lost 25 paisas versus the dollar for buying at Rs 105.30 and 15 paisas for selling Rs 105.40, they said.
Published 12 Jul, 2017 12:00am
NA body to discuss PSM rehabilitation plan tomorrow
Exchange

NA body to discuss PSM rehabilitation plan tomorrow

National Assembly Standing Committee on Industries and Production headed by Asad Umar scheduled to meet on Thursday (tomorrow) will consider three-phased $ 1.292 billion Pakistan Steel Mills (PSM) rehabilitation plan for 1.1 million tons per year , well i
Published 12 Jul, 2017 12:00am
THE RUPEE: no major change

THE RUPEE: no major change

The rupee sustained present levels against the dollar on the money market on Tuesday, dealers said.The rupee lost 25 paisas versus the dollar for buying at Rs 105.30 and 15 paisas for selling Rs 105.40, they said.
Published 12 Jul, 2017 12:00am
NA body to discuss PSM rehabilitation plan tomorrow
Exchange

NA body to discuss PSM rehabilitation plan tomorrow

National Assembly Standing Committee on Industries and Production headed by Asad Umar scheduled to meet on Thursday (tomorrow) will consider three-phased $ 1.292 billion Pakistan Steel Mills (PSM) rehabilitation plan for 1.1 million tons per year , well i
Published 12 Jul, 2017 12:00am
SBP analyses decline in textile exports
Cotton

SBP analyses decline in textile exports

The State Bank of Pakistan (SBP) has urged the textile industry to invest more in upgrading physical and human capital to produce high-quality products at competitive prices. The SBP in its recent report said that decline in textile exports is mainly expl
Published 12 Jul, 2017 12:00am
SBP analyses decline in textile exports
Cotton

SBP analyses decline in textile exports

The State Bank of Pakistan (SBP) has urged the textile industry to invest more in upgrading physical and human capital to produce high-quality products at competitive prices. The SBP in its recent report said that decline in textile exports is mainly expl
Published 12 Jul, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 11, 2017).

Published 12 Jul, 2017 12:00am
SBP analyses decline in textile exports
Cotton

SBP analyses decline in textile exports

The State Bank of Pakistan (SBP) has urged the textile industry to invest more in upgrading physical and human capital to produce high-quality products at competitive prices. The SBP in its recent report said that decline in textile exports is mainly expl
Published 12 Jul, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 11, 2017).

Published 12 Jul, 2017 12:00am
Senate body adopts compulsory teaching of Holy Quran bill

Senate body adopts compulsory teaching of Holy Quran bill

Senate Standing Committee on Federal Education and Professional Training on Tuesday passed compulsory teaching of the Holy Quran bill that will be applicable in all public and private educational institutions in the federal capital. A meeting of the commi
Published 12 Jul, 2017 12:00am
Senate body adopts compulsory teaching of Holy Quran bill

Senate body adopts compulsory teaching of Holy Quran bill

Senate Standing Committee on Federal Education and Professional Training on Tuesday passed compulsory teaching of the Holy Quran bill that will be applicable in all public and private educational institutions in the federal capital. A meeting of the commi
Published 12 Jul, 2017 12:00am
US, Qatar sign MoU on combating terrorism financing

US, Qatar sign MoU on combating terrorism financing

The United States and Qatar signed an agreement on Tuesday aimed at combating the financing of terrorism, as U.S. Secretary of State Rex Tillerson visited Doha to try to end a month-long rift between Western-allied Arab states. Saudi Arabia, Bahrain, the
Published 12 Jul, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (July 11, 2017)

Published 12 Jul, 2017 12:00am
US, Qatar sign MoU on combating terrorism financing

US, Qatar sign MoU on combating terrorism financing

The United States and Qatar signed an agreement on Tuesday aimed at combating the financing of terrorism, as U.S. Secretary of State Rex Tillerson visited Doha to try to end a month-long rift between Western-allied Arab states. Saudi Arabia, Bahrain, the
Published 12 Jul, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (July 11, 2017).

Published 12 Jul, 2017 12:00am
The financial stability imperative
Exchange

The financial stability imperative

Financial Stability Review (FSR) released by the State Bank on 7th July 2017 for the CY2016 shows that Pakistan's banking system remains, in general, in a stable and sound condition. However, some emerging risks in short- to medium-term need attention and
Published 12 Jul, 2017 12:00am
The wages of the original sin

The wages of the original sin

Forty years after General Ziaul Haq's military coup on July 5, 1977, Pakistan still has not been able to heal the wounds inflicted by that catastrophe. The story is no longer as familiar to present day generations. Therefore it may be instructive to delin
Published 12 Jul, 2017 12:00am
The way forward

The way forward

It is very hard to fathom any economic logic in keeping the rupee over-valued other than rendering relatively less burdensome hard currency loan repayments in rupee terms. And it is even more difficult to comprehend why our successive governments have con
Published 12 Jul, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (July 11, 2017).

Published 12 Jul, 2017 12:00am
Tech companies wage war on disease-carry mosquitoes

Tech companies wage war on disease-carry mosquitoes

American technology companies are bringing automation and robotics to the age-old task of battling mosquitoes in a bid to halt the spread of Zika and other mosquito-borne maladies worldwide. Firms including Microsoft Corp and California life sciences comp
Published 12 Jul, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (July 11, 2017).

Published 12 Jul, 2017 12:00am
Erdogan at the peak of his powers a year after failed coup

Erdogan at the peak of his powers a year after failed coup

It was a mild summer's evening, with the weekend ahead, when military jets began bombing targets in Ankara and tanks rumbled through the streets of Istanbul, with troops firing on civilians. Elements of the Turkish military had launched a coup against Pre
Published 12 Jul, 2017 12:00am
The Weather

The Weather

The weather report on Tuesday (July 11, 2017) and the forecast for Wednesday (July 12, 2017).

Published 12 Jul, 2017 12:00am
'A century of revolution and counter-revolution'

'A century of revolution and counter-revolution'

This is apropos a Business Recorder op-ed "A century of revolution and counter-revolution" carried by the newspaper yesterday. The writer, Rashed Rahman, has offered a highly informed perspective on the subject. According to him, "The trigger for t
Published 12 Jul, 2017 12:00am
PPP leader terms appointments made in Sufi University 'illegal'

PPP leader terms appointments made in Sufi University 'illegal'

Former Home Minister & PPP MPA Dr Makhdoom Rafique Zaman has taken serious notice of back door illegal appointments process by the Vice Chancellor of Sufi University of Bhitshah without advertisement and proper procedure of interviews involving selection
Published 12 Jul, 2017 12:00am
PM and family submitted fabricated documents: Bilawal

PM and family submitted fabricated documents: Bilawal

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has said that Prime Minister Nawaz Sharif and his family have submitted fabricated documents of their assets before the Joint Investigation Team (JIT) and now the Prime Minister will have to res
Published 12 Jul, 2017 12:00am
Sindh CS calls for reforms in civil services

Sindh CS calls for reforms in civil services

Sindh Chief Secretary Rizwan Memon has called for civil services reforms to bring positive changes in the performance of civil servants and will also be helpful in good governance.
Published 12 Jul, 2017 12:00am
PM cancels Karachi visit

PM cancels Karachi visit

Prime Minister Nawaz Sharif on Tuesday cancelled his visit to Karachi. According to sources, the Prime Minister had to announce development package for Karachi during a visit but the PM suddenly cancelled his visit.
Published 12 Jul, 2017 12:00am
Funeral prayers of martyred DPO offered

Funeral prayers of martyred DPO offered

The funeral prayer of SSP Sajid Khan Mohmand was offered at Malik Saad Shaheed Police Lines, here on Tuesday. "We have not backed out in our fight against terrorism," said KP Inspector General Salahuddin Mehsud, who was present at the police lines for the
Published 12 Jul, 2017 12:00am
JIT report not final word: Asma Jahangir

JIT report not final word: Asma Jahangir

Human rights lawyer and an activist Asma Jahangir on Monday said that the Panamagate joint investigation team's (JIT) report cannot be taken as the final word on the Panamagate case. Speaking to a private channel TV show, Jahangir said that it is understo
Published 12 Jul, 2017 12:00am
CDNS achieves target of Rs 230 billions for fiscal year 2017

CDNS achieves target of Rs 230 billions for fiscal year 2017

Central Directorate of National Savings (CDNS) has achieved the revised target of Rs 230 billion set for the financial year 2016-17 by June 30, this year. "The CDNS has set Rs 220 billion target for fiscal year 2017-18," a senior official of CDNS said on
Published 12 Jul, 2017 12:00am
Huge cache of weapons recovered, two arrested

Huge cache of weapons recovered, two arrested

Security forces have recovered huge quantity of arms and ammunitions and arrested two terrorists near Kohat Tunnel on Tuesday. According to ISPR, on confirmed intelligence, the security forces conducted an IBO near Kohat Tunnel. Huge cache of weapons (pis
Published 12 Jul, 2017 12:00am
Mumtaz resumes additional charge of chairman KPT

Mumtaz resumes additional charge of chairman KPT

The Federal Secretary Ports and Shipping Mumtaz Ali Shah has resumed the additional charge of the office of Chairman Karachi Port Trust (KPT) from Tuesday at KPT Head Office.
Published 12 Jul, 2017 12:00am
Salman Enterprises' Eid Milan dinner

Salman Enterprises' Eid Milan dinner

Madina Mall and Residency, a project of Salman Enterprises, held an Eid Milan dinner on Saturday, at Civic Zone, Bahria Enclave Islamabad for customers who have already booked or wished to book an apartment or shop with Madina Mall and Residency.-PR
Published 12 Jul, 2017 12:00am
Chinese delegation discusses industrial cooperation, CPEC projects

Chinese delegation discusses industrial cooperation, CPEC projects

A high-level Chinese delegation is on a three-day official visit to Pakistan to discuss industrial cooperation, implementation of Gwadar projects and Pakistan Railway's up-gradation of Main Line-1 under China-Pakistan Economic Corridor (CPEC). The delegat
Published 12 Jul, 2017 12:00am
Panama Papers case: JI chief urges SC to announce decision soon

Panama Papers case: JI chief urges SC to announce decision soon

Chief of Jamaat-e-Islami, Pakistan, Senator Sirjaul Haq, has said that the JIT report had supported the verdict of two judges of the Supreme Court that the Prime Minister was no more "Sadiq and Ameen." He said the assets of the ruling family were sky high
Published 12 Jul, 2017 12:00am
Significant amendments to provincial Sales Tax Act

Significant amendments to provincial Sales Tax Act

1. Definition of Franchise - S. 2(46) Previously, the definition of the term "Franchise" included the authority or right granted by the Franchiser to Franchisee to do business in respect of goods or to provide services against a consideration or fe
Published 12 Jul, 2017 12:00am
Sindh governor to discuss tax-related issues with Prime Minister

Sindh governor to discuss tax-related issues with Prime Minister

Sindh Governor Muhammad Zubair has assured the business community that he would discuss their tax-related issues with Prime Minister Nawaz Sharif to seek their speedy resolution. Speaking at an Eid Milan Party hosted by All Pakistan Customs Agents Associa
Published 12 Jul, 2017 12:00am
July-May towel export down 5 percent YoY

July-May towel export down 5 percent YoY

The country's towel export declined by five percent to $704.702 million in July-May 2017, according to the official figures. Fall in towel export comes to the tune of $35.284 million in July-May 2017 from $739.986 million in July-May 2016, Pakistan Bureau
Published 12 Jul, 2017 12:00am
Qateel Shifai remembered

Qateel Shifai remembered

The 16th death anniversary of renowned Urdu poet and lyricist Qateel Shifai was observed on Tuesday across the country. Muhammad Aurangzeb, known as Qateel Shifai through his pen name, was born in Haripur in 1919 and passed away on July 11, 2001. Besides
Published 12 Jul, 2017 12:00am
Monsoon rains to have positive impact over sugarcane, rice
Cotton

Monsoon rains to have positive impact over sugarcane, rice

The current monsoon rains would have a positive impact over high delta Kharif crops including sugarcane and rice but excessive rains would have negative impact over low delta crops especially cotton. According to a senior official of the Ministry of Food
Published 12 Jul, 2017 12:00am
CM KP approves setting up of Air University in Nowshera

CM KP approves setting up of Air University in Nowshera

Chief Minister, Khyber Pakhtunkhwa, Pervez Khattak has accorded approval to the establishment of Air University on a 400 Kanals vast piece of land at Pirpyai village on GT Road Nowshera and directed the concerned authorities to take necessary steps to han
Published 12 Jul, 2017 12:00am
PM may reappoint Haq as Ogra's member finance

PM may reappoint Haq as Ogra's member finance

Prime Minister Nawaz Sharif is likely to re-appoint incumbent Member Finance Ogra, Noorul Haq for another four years on the recommendations of Petroleum Ministry, well informed sources told Business Recorder
Published 12 Jul, 2017 12:00am
Malaysian Army chief visits Naval HQs

Malaysian Army chief visits Naval HQs

General Dato Sri Zulkiple Bin Hj Kassim, Chief of Malaysian Army, visited Naval Headquarters Islamabad on Tuesday and called on Chief of the Naval Staff, Admiral Muhammad Zakaullah. During the meeting, professional matters of mutual interest came under di
Published 12 Jul, 2017 12:00am
OIC Council condemns state terrorism in IoK

OIC Council condemns state terrorism in IoK

The 44th session of OIC Council of Foreign Ministers (CFM) held in Abidjan, Republic of Cote d'Ivoire, on 10-11 July 2017, condemned state terrorism in the Indian occupied Jammu & Kashmir (IoK) and called upon India to implement the UN Security Council re
Published 12 Jul, 2017 12:00am
CEAD holds final skill exam for unemployed youth

CEAD holds final skill exam for unemployed youth

The Centre of Excellence in Art and Design (CEAD), Mehran University of Engineering and Technology (MUET), Jamshoro conducted the final skill exam for unemployed youth trained under National Vocational Technical Training Commission (NAVTTC) Pakistan on co
Published 12 Jul, 2017 12:00am
Rain & thunderstorm forecast

Rain & thunderstorm forecast

The Met Office on Tuesday forecast rain-thunderstorm with isolated heavy to very heavy falls in upcountry in the next 24 hours. It said that light rain is also likely to fall across the coastal belt of Sindh over the period. Rain is expected in parts of K
Published 12 Jul, 2017 12:00am
APBF urges government to check surge of dollar against PKR

APBF urges government to check surge of dollar against PKR

As the recent local currency depreciation has inflicted a great loss to the national economy and cost of deals done by the businessmen with their foreign counterparts have jumped manifold, All Pakistan Business Forum (APBF) has urged the government to con
Published 12 Jul, 2017 12:00am
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