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Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-07-27
Audit authorities asked to take care in making objections

Audit authorities asked to take care in making objections

Public Accounts Committee (PAC), Khyber Pakhtunkhwa Assembly, has unanimously directed audit authorities to take total care in making audit objections against government departments and make paras after scrutinizing the concerned record. The meeting of th
Published 27 Jul, 2017 12:00am
'Customs activities fully functional at Torkham border'

'Customs activities fully functional at Torkham border'

Office-bearers of All Customs Clearing Agent Association (ACCAA) have said that all customs clearing activities being functioned at Torkham border and are carried out legally. But, they said some representatives of transport community striving to derail t
Published 27 Jul, 2017 12:00am
Forces foil terror attempt, seize explosive material

Forces foil terror attempt, seize explosive material

The security forces have recovered huge cache of weapons and explosives including suicide jackets in Bajaur agency and foiled a sabotage attempt. An official of the Bajaur Scouts told reporters on Wednesday that the weapons and the suicide jackets were re
Published 27 Jul, 2017 12:00am
IONS working group's meeting ends
Exchange

IONS working group's meeting ends

Indian Ocean Naval Symposium (IONS) working group meeting on Information Sharing & Interoperability hosted by Pakistan Navy concluded today. The working group consists of 10 member nations which include Australia, Bangladesh, France, India, Iran, Oman, Pa
Published 27 Jul, 2017 12:00am
Performance of PCRET reviewed

Performance of PCRET reviewed

The National Assembly Standing Committee on Science and Technology discussed the performance of Pakistan Council of Renewable Energy Technologies (PCRET). The standing committee expressed satisfaction over the performance of Pakistan Council of Renewable
Published 27 Jul, 2017 12:00am
China to change state-owned firms into corporations

China to change state-owned firms into corporations

China said Wednesday it would move to transform all state-owned companies into corporations by the end of this year, as part of efforts to reform the sclerotic industrial giants. China has pledged for years that it would take steps to reform the centrally
Published 27 Jul, 2017 12:00am
Fed keeps rates unchanged

Fed keeps rates unchanged

The Federal Reserve kept interest rates unchanged on Wednesday and said it expected to start winding down its massive holdings of bonds "relatively soon" in a sign of confidence in the US economy. The US central bank kept its benchmark lending rate in a t
Published 27 Jul, 2017 12:00am
Fed keeps rates unchanged

Fed keeps rates unchanged

The Federal Reserve kept interest rates unchanged on Wednesday and said it expected to start winding down its massive holdings of bonds "relatively soon" in a sign of confidence in the US economy. The US central bank kept its benchmark lending rate in a t
Published 27 Jul, 2017 12:00am
APOTA calls off strike after successful negotiations

APOTA calls off strike after successful negotiations

All Pakistan Oil Tankers Association (APOTA) called off the strike on Wednesday after successful negotiations with Ministry of Petroleum, and Gas Regulatory Authority (OGRA). The ministry held a second meeting with APOTA, in which government side was head
Published 27 Jul, 2017 12:00am
APOTA calls off strike after successful negotiations

APOTA calls off strike after successful negotiations

All Pakistan Oil Tankers Association (APOTA) called off the strike on Wednesday after successful negotiations with Ministry of Petroleum, and Gas Regulatory Authority (OGRA). The ministry held a second meeting with APOTA, in which government side was head
Published 27 Jul, 2017 12:00am
APOTA calls off strike after successful negotiations

APOTA calls off strike after successful negotiations

All Pakistan Oil Tankers Association (APOTA) called off the strike on Wednesday after successful negotiations with Ministry of Petroleum, and Gas Regulatory Authority (OGRA). The ministry held a second meeting with APOTA, in which government side was head
Published 27 Jul, 2017 12:00am
Planning minister new addition to Iqama members club

Planning minister new addition to Iqama members club

Following Prime Minister Nawaz Sharif and his defence minister's confession that they had obtained Iqama (work permit) of the UAE, another cabinet member of the Sharif administration - planning and development minister Ahsan Iqbal - turned out to be an em
Published 27 Jul, 2017 12:00am
Planning minister new addition to Iqama members club

Planning minister new addition to Iqama members club

Following Prime Minister Nawaz Sharif and his defence minister's confession that they had obtained Iqama (work permit) of the UAE, another cabinet member of the Sharif administration - planning and development minister Ahsan Iqbal - turned out to be an em
Published 27 Jul, 2017 12:00am
Panamagate case: FBR refuses to share tax info with Senate panel

Panamagate case: FBR refuses to share tax info with Senate panel

The Federal Board of Revenue (FBR) has refused to share tax information provided to the Joint Investigation Team (JIT) on Panama Leaks with the Senate Standing Committee on Finance, saying that law does now allow it to do so. Soon after the committee meet
Published 27 Jul, 2017 12:00am
Panamagate case: FBR refuses to share tax info with Senate panel

Panamagate case: FBR refuses to share tax info with Senate panel

The Federal Board of Revenue (FBR) has refused to share tax information provided to the Joint Investigation Team (JIT) on Panama Leaks with the Senate Standing Committee on Finance, saying that law does now allow it to do so. Soon after the committee meet
Published 27 Jul, 2017 12:00am
Panamagate case: FBR refuses to share tax info with Senate panel

Panamagate case: FBR refuses to share tax info with Senate panel

The Federal Board of Revenue (FBR) has refused to share tax information provided to the Joint Investigation Team (JIT) on Panama Leaks with the Senate Standing Committee on Finance, saying that law does now allow it to do so. Soon after the committee meet
Published 27 Jul, 2017 12:00am
Shahbaz, others meet Nisar the odd man out

Shahbaz, others meet Nisar the odd man out

Chief Minister Punjab Shahbaz Sharif along with other party leaders of Pakistan Muslim League-Nawaz (PML-N) on Wednesday met Interior Minister Chaudhry Nisar Ali Khan with a view to successfully persuading him not to share party's internal matters with me
Published 27 Jul, 2017 12:00am
Shahbaz, others meet Nisar the odd man out

Shahbaz, others meet Nisar the odd man out

Chief Minister Punjab Shahbaz Sharif along with other party leaders of Pakistan Muslim League-Nawaz (PML-N) on Wednesday met Interior Minister Chaudhry Nisar Ali Khan with a view to successfully persuading him not to share party's internal matters with me
Published 27 Jul, 2017 12:00am
Tareen asked to submit details of offshore company
Exchange

Tareen asked to submit details of offshore company

Supreme Court on Wednesday asked Pakistan Tehreek-e-Insaf's (PTI) general secretary Jahangir Khan Tareen to submit certain details of his offshore company by today (Thursday). Pakistan Muslim League-Nawaz (PML-N) leader Hanif Abbasi had urged the apex cou
Published 27 Jul, 2017 12:00am
Tareen asked to submit details of offshore company
Exchange

Tareen asked to submit details of offshore company

Supreme Court on Wednesday asked Pakistan Tehreek-e-Insaf's (PTI) general secretary Jahangir Khan Tareen to submit certain details of his offshore company by today (Thursday). Pakistan Muslim League-Nawaz (PML-N) leader Hanif Abbasi had urged the apex cou
Published 27 Jul, 2017 12:00am
Projects worth Rs 135 billion approved by Ecnec

Projects worth Rs 135 billion approved by Ecnec

A meeting of the Executive Committee of the National Economic Council (Ecnec) Wednesday approved development projects in various sectors at a cost of around Rs 135 billion. The meeting presided over by Finance Minister Ishaq Dar considered and approved Pu
Published 27 Jul, 2017 12:00am
Projects worth Rs 135 billion approved by Ecnec

Projects worth Rs 135 billion approved by Ecnec

A meeting of the Executive Committee of the National Economic Council (Ecnec) Wednesday approved development projects in various sectors at a cost of around Rs 135 billion. The meeting presided over by Finance Minister Ishaq Dar considered and approved Pu
Published 27 Jul, 2017 12:00am
Projects worth Rs 135 billion approved by Ecnec

Projects worth Rs 135 billion approved by Ecnec

A meeting of the Executive Committee of the National Economic Council (Ecnec) Wednesday approved development projects in various sectors at a cost of around Rs 135 billion. The meeting presided over by Finance Minister Ishaq Dar considered and approved Pu
Published 27 Jul, 2017 12:00am
US House votes to slap sanctions on Russia, Iran, North Korea

US House votes to slap sanctions on Russia, Iran, North Korea

The US House of Representatives voted overwhelmingly Tuesday to impose tough new sanctions on Iran, North Korea and Russia, a move that will antagonize the Kremlin as well as European nations fearing economic ramifications. The measure notably constrains
Published 27 Jul, 2017 12:00am
US House votes to slap sanctions on Russia, Iran, North Korea

US House votes to slap sanctions on Russia, Iran, North Korea

The US House of Representatives voted overwhelmingly Tuesday to impose tough new sanctions on Iran, North Korea and Russia, a move that will antagonize the Kremlin as well as European nations fearing economic ramifications. The measure notably constrains
Published 27 Jul, 2017 12:00am
Moscow, EU warn US after House votes for new Russia sanctions

Moscow, EU warn US after House votes for new Russia sanctions

Moscow and the European Union hit out at the United States on Wednesday after an overwhelming vote by the House of Representatives to impose new sanctions on Russia left President Donald Trump facing a tough call. The package, which targets Russia, Iran a
Published 27 Jul, 2017 12:00am
Moscow, EU warn US after House votes for new Russia sanctions

Moscow, EU warn US after House votes for new Russia sanctions

Moscow and the European Union hit out at the United States on Wednesday after an overwhelming vote by the House of Representatives to impose new sanctions on Russia left President Donald Trump facing a tough call. The package, which targets Russia, Iran a
Published 27 Jul, 2017 12:00am
Equities mixed
Exchange

Equities mixed

Pakistan Stock Exchange Wednesday witnessed a mixed trend. The benchmark KSE-100 index moving between 46,106.60 points intra-day high and 45,857.92 points intra-day low, settled at 45,908.39 points, down 9.51 points on Wednesday. Trading activity also rem
Published 27 Jul, 2017 12:00am
Equities mixed
Exchange

Equities mixed

Pakistan Stock Exchange Wednesday witnessed a mixed trend. The benchmark KSE-100 index moving between 46,106.60 points intra-day high and 45,857.92 points intra-day low, settled at 45,908.39 points, down 9.51 points on Wednesday. Trading activity also rem
Published 27 Jul, 2017 12:00am
Equities mixed
Exchange

Equities mixed

Pakistan Stock Exchange Wednesday witnessed a mixed trend. The benchmark KSE-100 index moving between 46,106.60 points intra-day high and 45,857.92 points intra-day low, settled at 45,908.39 points, down 9.51 points on Wednesday. Trading activity also rem
Published 27 Jul, 2017 12:00am
BRIndex30 sheds 104.55 points

BRIndex30 sheds 104.55 points

On Wednesday, BRIndex30 opened at 24,347.41 points. It touched an intraday high of 24,503.78 points and an intraday low of 24,220.99 points and closed at 24,242.86 points which was -104.55 points or -0.43 percent lower than previous close. Total volume wa
Published 27 Jul, 2017 12:00am
BRIndex30 sheds 104.55 points

BRIndex30 sheds 104.55 points

On Wednesday, BRIndex30 opened at 24,347.41 points. It touched an intraday high of 24,503.78 points and an intraday low of 24,220.99 points and closed at 24,242.86 points which was -104.55 points or -0.43 percent lower than previous close. Total volume wa
Published 27 Jul, 2017 12:00am
Commercial banks: government borrowed $1.5 billion in June: EAD

Commercial banks: government borrowed $1.5 billion in June: EAD

The government has borrowed $1.5 billion from commercial banks in June bringing the total to $4.367 billion under this head in the fiscal year 2016-17, revealed Economic Affairs Division (EAD). The EAD's latest data shows that the country provisionally re
Published 27 Jul, 2017 12:00am
Commercial banks: government borrowed $1.5 billion in June: EAD

Commercial banks: government borrowed $1.5 billion in June: EAD

The government has borrowed $1.5 billion from commercial banks in June bringing the total to $4.367 billion under this head in the fiscal year 2016-17, revealed Economic Affairs Division (EAD). The EAD's latest data shows that the country provisionally re
Published 27 Jul, 2017 12:00am
Commercial banks: government borrowed $1.5 billion in June: EAD

Commercial banks: government borrowed $1.5 billion in June: EAD

The government has borrowed $1.5 billion from commercial banks in June bringing the total to $4.367 billion under this head in the fiscal year 2016-17, revealed Economic Affairs Division (EAD). The EAD''s latest data shows that the country provisionally r
Published 27 Jul, 2017 12:00am
Indian goods unlawfully cleared by PQ Customs

Indian goods unlawfully cleared by PQ Customs

In a startling revelation, the United Arab Emirates (UAE) Customs Department has confirmed to the Directorate General of Customs Intelligence that containers having banned Indian-made cloths and high-end consumer goods such as cosmetics, auto parts, etc,
Published 27 Jul, 2017 12:00am
Indian goods unlawfully cleared by PQ Customs

Indian goods unlawfully cleared by PQ Customs

In a startling revelation, the United Arab Emirates (UAE) Customs Department has confirmed to the Directorate General of Customs Intelligence that containers having banned Indian-made cloths and high-end consumer goods such as cosmetics, auto parts, etc,
Published 27 Jul, 2017 12:00am
Indian goods unlawfully cleared by PQ Customs

Indian goods unlawfully cleared by PQ Customs

In a startling revelation, the United Arab Emirates (UAE) Customs Department has confirmed to the Directorate General of Customs Intelligence that containers having banned Indian-made cloths and high-end consumer goods such as cosmetics, auto parts, etc,
Published 27 Jul, 2017 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 27 Jul, 2017 12:00am
SECP empowers Chairman Zafar Abdullah
Exchange

SECP empowers Chairman Zafar Abdullah

The Securities and Exchange Commission of Pakistan (SECP) has empowered Chairman SECP Zafar Abdullah to oversee work of Chairman's Secretariat, Specialized Companies Division, Corporate Supervision Division and Audit Oversight Board (AOB). According to SR
Published 27 Jul, 2017 12:00am
SECP empowers Chairman Zafar Abdullah
Exchange

SECP empowers Chairman Zafar Abdullah

The Securities and Exchange Commission of Pakistan (SECP) has empowered Chairman SECP Zafar Abdullah to oversee work of Chairman's Secretariat, Specialized Companies Division, Corporate Supervision Division and Audit Oversight Board (AOB). According to SR
Published 27 Jul, 2017 12:00am
SECP empowers Chairman Zafar Abdullah
Exchange

SECP empowers Chairman Zafar Abdullah

The Securities and Exchange Commission of Pakistan (SECP) has empowered Chairman SECP Zafar Abdullah to oversee work of Chairman''s Secretariat, Specialized Companies Division, Corporate Supervision Division and Audit Oversight Board (AOB). According to S
Published 27 Jul, 2017 12:00am
IPPs: processing fee raised manifold

IPPs: processing fee raised manifold

The Private Power & Infrastructure Board (PPIB) has increased Independent Power Projects (IPPs) processing fee manifold under the guise of financial autonomy, well-informed sources told Business Recorder . Managing Director PPIB, Shah Jahan Mirza r
Published 27 Jul, 2017 12:00am
IPPs: processing fee raised manifold

IPPs: processing fee raised manifold

The Private Power & Infrastructure Board (PPIB) has increased Independent Power Projects (IPPs) processing fee manifold under the guise of financial autonomy, well-informed sources told Business Recorder . Managing Director PPIB, Shah Jahan Mirza r
Published 27 Jul, 2017 12:00am
IPPs: processing fee raised manifold

IPPs: processing fee raised manifold

The Private Power & Infrastructure Board (PPIB) has increased Independent Power Projects (IPPs) processing fee manifold under the guise of financial autonomy, well-informed sources told Business Recorder . Managing Director PPIB, Shah Jahan Mirza r
Published 27 Jul, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (July 26, 2017).

Published 27 Jul, 2017 12:00am
JI for early verdict on Panama Papers case

JI for early verdict on Panama Papers case

JI chief Senator Sirajul Haq has once again appealed to the Supreme Court to announce its decision of the Panama Leaks case at the earliest and also lay down a system for eradication of corruption from the country. Addressing the participants of the JI ce
Published 27 Jul, 2017 12:00am
12,000 policemen of Sindh have 'suspicious' records, SC told

12,000 policemen of Sindh have 'suspicious' records, SC told

About 12,000 police officers have 'suspicious' records, according to an inquiry team report, which was presented to the Supreme Court's Karachi Registry on Wednesday. The report was compiled by an inquiry committee, headed by Additional IG Rana Sanaullah
Published 27 Jul, 2017 12:00am
12,000 policemen of Sindh have 'suspicious' records, SC told

12,000 policemen of Sindh have 'suspicious' records, SC told

About 12,000 police officers have 'suspicious' records, according to an inquiry team report, which was presented to the Supreme Court's Karachi Registry on Wednesday. The report was compiled by an inquiry committee, headed by Additional IG Rana Sanaullah
Published 27 Jul, 2017 12:00am
Police arrest village council for ordering rape

Police arrest village council for ordering rape

Fourteen members of a village council have been arrested for ordering the rape of a teenage girl as punishment for a rape committed by her brother, police said Wednesday. The incident occurred earlier this month in the neighbourhood of Raja Ram in Muzaffa
Published 27 Jul, 2017 12:00am
Police arrest village council for ordering rape

Police arrest village council for ordering rape

Fourteen members of a village council have been arrested for ordering the rape of a teenage girl as punishment for a rape committed by her brother, police said Wednesday. The incident occurred earlier this month in the neighbourhood of Raja Ram in Muzaffa
Published 27 Jul, 2017 12:00am
UNDP report: a damning indictment

UNDP report: a damning indictment

According to the United Nations Development Programme (UNDP) latest report titled "Development Advocate Pakistan (DAP) on Financing for Development" the performance of our key macroeconomic indicators should be a source of serious concern to the country's
Published 27 Jul, 2017 12:00am
Is Trump administration disintegrating?

Is Trump administration disintegrating?

US President Donald Trump and his administration, barely six months in office, seem entangled in so many webs as to suggest it is on the verge of disintegrating or at the very least becoming increasingly dysfunctional and losing whatever remains of its cr
Published 27 Jul, 2017 12:00am
Do they really care?
Exchange

Do they really care?

Yet another devastating suicide bombing, this time in Lahore- the city's third in the last five months-left 26 people dead and at least 51 others injured, many critically. The Prime Minister issued a ritual condemnatory statement, but could not make time
Published 27 Jul, 2017 12:00am
Fire, smoke and metal at North Korea steel plant

Fire, smoke and metal at North Korea steel plant

A crane moves a giant bucket brimming with 40 tonnes of molten steel towards a gangway in North Korea's Chollima Steel Complex. Flames, smoke and a shower of sparks erupt as a worker thrusts his temperature gauge into the liquid, its tip glowing white-hot
Published 27 Jul, 2017 12:00am
Frankfurt leads Paris in race to lure London bankers

Frankfurt leads Paris in race to lure London bankers

In the competition to attract bankers fleeing London due to Brexit it appears Frankfurt is beating out Paris, although experts say the race is far from run. "In the first wave of relocations Frankfurt clearly has been a step ahead of Paris, which hasn't h
Published 27 Jul, 2017 12:00am
'Economy in the grip of cronyism'

'Economy in the grip of cronyism'

This is apropos a Business Recorder op-ed "Economy in the grip of cronyism" carried by the newspaper yesterday. The writer, M Ziauddin, has stated that "a group of Pakistani families has been extracting a growing share of society's wealth for itsel
Published 27 Jul, 2017 12:00am
US team may arrive next month to take up policy for South Asia

US team may arrive next month to take up policy for South Asia

A US delegation is likely to arrive next month to discuss the Trump Administration's policy for South Asia with Pakistani authorities, diplomatic sources told Business Recorder . US Embassy spokesperson Fleur Cowan, when contacted, expressed her in
Published 27 Jul, 2017 12:00am
Panama Papers case: Imran urges SC to declare early verdict

Panama Papers case: Imran urges SC to declare early verdict

Pakistan Tehreek-e-Insaf chairman Imran Khan Wednesday urged the Supreme Court to declare early verdict in Panama Papers case against the ruling family including Prime Minister Nawaz Sharif that was reserved on July 21. Addressing a press conference here,
Published 27 Jul, 2017 12:00am
Five killed, five injured in different mishaps

Five killed, five injured in different mishaps

At least five children were injured when an 'old' hand grenade went off during recess near a private school in Shamozai area of Swat on Wednesday. The children were playing near a pile of mud when the grenade buried near an under-construction detonated, p
Published 27 Jul, 2017 12:00am
Senate body recommends 2000 acres of land for shipyard

Senate body recommends 2000 acres of land for shipyard

Senate Standing Committee on Defence Production has strongly recommended the 2000 acre land to be acquired for the shipyard. The meeting was held under the chairmanship of Senator Lieutenant General Abdul Qayyum (retd). The committee was told that the sum
Published 27 Jul, 2017 12:00am
NA body recommends power tariff cut, LNG provision to textile industry

NA body recommends power tariff cut, LNG provision to textile industry

Expressing serious concern over the decline in textile exports, National Assembly Standing Committee on Textile Industry on Wednesday recommended cut in power tariff and provision of Liquefied Natural Gas (LNG) at "no loss no profit" basis to reduce cost
Published 27 Jul, 2017 12:00am
'PTI's claims of uplift works confined to social media'

'PTI's claims of uplift works confined to social media'

Advisor to Prime Minister Amir Muqam on Wednesday said PTI's so-called tall claims of change and public welfare projects are limited to social media only and practically the party has failed to deliver in Khyber Pakhtunkhwa. Addressing a mammoth public ga
Published 27 Jul, 2017 12:00am
FBR's advice to taxpayers about fake emails

FBR's advice to taxpayers about fake emails

It has been reported to Federal Board of Revenue that some hackers are using a fake webpage of the FBR created for nefarious purposes. The taxpayers received an email about their tax refund from fake email addresses, eg rreid@voorhees.edu which appeared t
Published 27 Jul, 2017 12:00am
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