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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-09-16
Talks on Indus Waters Treaty under way in Washington

Talks on Indus Waters Treaty under way in Washington

Pakistan and India on Friday started high-level talks on technical issues of the Indus Waters Treaty in Washington, a senior World Bank official said."These meetings are a continuation of a discussion on how to safeguard the Treaty for the benefit of the
Published 16 Sep, 2017 12:00am
FBR to work with telecom companies to boost filing of returns

FBR to work with telecom companies to boost filing of returns

As part of its initiative to rope in large public and private sector organisations and companies in its ongoing drive for filing of income tax returns, Federal Board of Revenue (FBR) has approached the country's cellular sector to facilitate the workforce
Published 16 Sep, 2017 12:00am
KP Assembly Speaker refutes corruption charges

KP Assembly Speaker refutes corruption charges

Speaker KPK Assembly, Asad Qaisar, Friday said that the allegations levelled against him through an anonymous letter have been proved baseless as they were unfounded and devoid of facts. Addressing a press conference at Speaker House, he said that none of
Published 16 Sep, 2017 12:00am
SECP extends time for comments
Exchange

SECP extends time for comments

The Securities and Exchange Commission of Pakistan (SECP) has extended time for providing comments on draft Listed Companies (Code of Corporate Governance) 2017, till September 30, 2017. The regulations dated August 31, 2017, were placed on the SECP's web
Published 16 Sep, 2017 12:00am
SU announces BCS results

SU announces BCS results

The Controller of Examinations (Semester), University of Sindh has announced the results of BCS Part-I, II and III regular and failure of the various public affiliated colleges ie Govt Shah Latif Girls College Latifabad, Govt Nazareth Girls College Hydera
Published 16 Sep, 2017 12:00am
Over Rs 9.218 billion taxes recovered in last two months: minister

Over Rs 9.218 billion taxes recovered in last two months: minister

Sindh Minister for Excise, Taxation and Narcotics Control Mukesh Kumar Chawla has said that during the last two months, his department has collected Rs 9218.846 million in heads of various taxes as compared to Rs 8140. 552 million taxes recovery in the sa
Published 16 Sep, 2017 12:00am
TDAP organizes seminar on export potential of handicrafts
Exchange

TDAP organizes seminar on export potential of handicrafts

Trade Development Authority of Pakistan (TDAP) Sub-Regional office Hyderabad organized a seminar on export potential of handicrafts at Hotel Indus Hyderabad for product development and value addition in it to make handicrafts more competitive and exportab
Published 16 Sep, 2017 12:00am
LTU chief urges taxpayers to refrain from 'unnecessary' litigations

LTU chief urges taxpayers to refrain from 'unnecessary' litigations

Seema Shakeel, Chief Commissioner Inland Revenue (LTU), has said that the taxpayers should resolve their issues directly with tax authorities instead of going for unnecessary litigations as Tax Officials are available to guide taxpayers in resolving their
Published 16 Sep, 2017 12:00am
26 more city wardens sacked

26 more city wardens sacked

Karachi Metropolitan Corporation (KMC) has sacked 26 more ghost employees from the job. A KMC statement said that the sacked employees were city wardens who had absented from the job since long. They were removed under rule IV of Sindh Local Council Serva
Published 16 Sep, 2017 12:00am
PPL posts Rs 35.678 billion profit after tax
Exchange

PPL posts Rs 35.678 billion profit after tax

Pakistan Petroleum Limited (PPL) has posted Rs 35.678 billion as profit after tax in the year ended June 30, 2017 (FY17) as compared to Rs 17.242 billion earned in FY16. The company's earning per share increased to Rs 18.10 in the period under review agai
Published 16 Sep, 2017 12:00am
PPL posts Rs 35.678 billion profit after tax
Exchange

PPL posts Rs 35.678 billion profit after tax

Pakistan Petroleum Limited (PPL) has posted Rs 35.678 billion as profit after tax in the year ended June 30, 2017 (FY17) as compared to Rs 17.242 billion earned in FY16. The company's earning per share increased to Rs 18.10 in the period under review agai
Published 16 Sep, 2017 12:00am
PTI protests ban on 'new electricity, gas connections

PTI protests ban on 'new electricity, gas connections

Activists of Pakistan Tehreek-e-Insaf (PTI) on Friday staged a protest demonstration against imposition of ban on new electricity and gas connections in the rural areas of the federal capital by Capital Development Authority (CDA). The protesters led by P
Published 16 Sep, 2017 12:00am
141 food outlets raided by PFA teams

141 food outlets raided by PFA teams

The Punjab Food Authority (PFA) did a surprise checking of 141 food points at the Lahore Railways Station and other bus stands in the provincial metropolis and sealed two food points while imposed fine on 21 others. According to details, the PFA field tea
Published 16 Sep, 2017 12:00am
PPDWP approves setting up of MSNC

PPDWP approves setting up of MSNC

The Punjab Provincial Development Working Party (PPDWP) on Friday approved establishment of Multi-Sectoral Nutrition Centre (MSNC) at revised cost of Rs 549 million to make nutrition a priority of the provincial government.
Published 16 Sep, 2017 12:00am
Zubair F Tufail elected PCMA chairman

Zubair F Tufail elected PCMA chairman

Zubair F Tufail of Tufail Group has been elected unopposed as chairman of the Pakistan Chemical Manufacturers Association (PCMA) for the year 2017-18. According to the elections' result, Zafar Mahmood of NIMIR Chemicals Ltd and. Abdul Qayoom of Engro Poly
Published 16 Sep, 2017 12:00am
Hot & humid weather forecast for Karachi

Hot & humid weather forecast for Karachi

Hot and humid weather is likely to continue to prevail, as Met Office on Friday forecast heat waves for the metropolis in the next 48 hours. Maximum temperature is likely to soar up to 37 degrees Celsius with 80 percent humidity on Saturday and Sunday (Se
Published 16 Sep, 2017 12:00am
ST deregistration applications

ST deregistration applications

This is apropos a Business Recorder news item "Thousands of deregistration applications pending with FBR" carried by the newspaper on September 12, I would refer to the strain that the pending applications may be causing on the FBR.
Published 16 Sep, 2017 12:00am
Ukraine's growth-linked bonds: when recovery becomes painful
Exchange

Ukraine's growth-linked bonds: when recovery becomes painful

Two years after a landmark debt restructuring, Ukraine is seeking a bond swap to avoid a mass of near-term repayments. But its real problem may lie further out - when securities linked to economic recovery start falling due. Ukraine threw in $3.6 billion
Published 16 Sep, 2017 12:00am
Panama case judgement: Dismissal of review petitions

Panama case judgement: Dismissal of review petitions

Nawaz Sharif, his offspring, son-in-law, Muhammad Safdar, and father-in-law of younger daughter, Muhammad Ishaq Dar, in multiple review petitions filed against the decisions of Supreme Court of April 20, 2017 and July 28, 2017, in the Panama Case, raised
Published 16 Sep, 2017 12:00am
Decline in exports
Cotton

Decline in exports

Pakistan's textile exports have declined in the last four years because of the high cost of doing business. This is the considered opinion of a large and growing segment of Pakistani businessmen. There was a comment this week on the statement of Muhammad
Published 16 Sep, 2017 12:00am
A long-overdue step

A long-overdue step

It is heartening to note that the public transport issue of a city of teeming millions has finally attracted the attention of Sindh government. According to a newspaper report, Karachi, which is rightly described as "mini-Pakistan" because of a variety of
Published 16 Sep, 2017 12:00am
Census and elections 2018

Census and elections 2018

A Business Recorder exclusive revealed that the government is considering introducing a constitutional amendment, on the advice of Finance Minister Ishaq Dar, to allow the Election Commission of Pakistan (ECP) to engage in the delimitation exercise
Published 16 Sep, 2017 12:00am
PSEs: AGP briefs Senate body on huge malfeasance

PSEs: AGP briefs Senate body on huge malfeasance

The Auditor General of Pakistan (AGP) has given a brief to the Senate Standing Committee on Finance on audit paras pertaining to financial irregularities to the tune of Rs 387 billion and the cases pertaining to fraud and embezzlement, theft and misuse of
Published 16 Sep, 2017 12:00am
PSEs: AGP briefs Senate body on huge malfeasance

PSEs: AGP briefs Senate body on huge malfeasance

The Auditor General of Pakistan (AGP) has given a brief to the Senate Standing Committee on Finance on audit paras pertaining to financial irregularities to the tune of Rs 387 billion and the cases pertaining to fraud and embezzlement, theft and misuse of
Published 16 Sep, 2017 12:00am
PSEs: AGP briefs Senate body on huge malfeasance

PSEs: AGP briefs Senate body on huge malfeasance

The Auditor General of Pakistan (AGP) has given a brief to the Senate Standing Committee on Finance on audit paras pertaining to financial irregularities to the tune of Rs 387 billion and the cases pertaining to fraud and embezzlement, theft and misuse of
Published 16 Sep, 2017 12:00am
Rights groups denounce 'crackdown on dissent'

Rights groups denounce 'crackdown on dissent'

Rights groups on Friday condemned a "crackdown" by Saudi authorities who have arrested dozens of people including prominent clerics in the ultra-conservative Muslim kingdom. Amnesty Interna-tional said the authorities had detained more than 20 religious f
Published 16 Sep, 2017 12:00am
Rights groups denounce 'crackdown on dissent'

Rights groups denounce 'crackdown on dissent'

Rights groups on Friday condemned a "crackdown" by Saudi authorities who have arrested dozens of people including prominent clerics in the ultra-conservative Muslim kingdom. Amnesty Interna-tional said the authorities had detained more than 20 religious f
Published 16 Sep, 2017 12:00am
HBL hires Wathra

HBL hires Wathra

The Board of Directors of HBL in its meeting of September 14, 2017 approved the appointment of Ashraf Mahmood Wathra as Senior Corporate Consultant to the Bank on International strategy and operations. Wathra recently completed his term as Governor State
Published 16 Sep, 2017 12:00am
HBL hires Wathra

HBL hires Wathra

The Board of Directors of HBL in its meeting of September 14, 2017 approved the appointment of Ashraf Mahmood Wathra as Senior Corporate Consultant to the Bank on International strategy and operations. Wathra recently completed his term as Governor State
Published 16 Sep, 2017 12:00am
HBL hires Wathra

HBL hires Wathra

The Board of Directors of HBL in its meeting of September 14, 2017 approved the appointment of Ashraf Mahmood Wathra as Senior Corporate Consultant to the Bank on International strategy and operations. Wathra recently completed his term as Governor State
Published 16 Sep, 2017 12:00am
1,800-year-old black dot is first 'zero': researchers

1,800-year-old black dot is first 'zero': researchers

A black dot on a third-century Indian manuscript has been identified by Oxford University as the first recorded use of the mathematical symbol for zero, 500 years earlier than previously thought. "Scientists from the University of Oxford's Bodleian Librar
Published 16 Sep, 2017 12:00am
The Weather

The Weather

The weather report on Friday (September 15, 2017) and the forecast for Saturday (September 16, 2017).

Published 16 Sep, 2017 12:00am
1,800-year-old black dot is first 'zero': researchers

1,800-year-old black dot is first 'zero': researchers

A black dot on a third-century Indian manuscript has been identified by Oxford University as the first recorded use of the mathematical symbol for zero, 500 years earlier than previously thought. "Scientists from the University of Oxford's Bodleian Librar
Published 16 Sep, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (September 15, 2017).

Published 16 Sep, 2017 12:00am
Senate body passes election bill

Senate body passes election bill

The Senate Standing Committee on Law and Justice on Friday passed 'The Election Bill, 2017' with amendments, including deletion of a clause related to submission of wealth statement by parliamentarians along with details of their assets and liabilities de
Published 16 Sep, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (September 15, 2017)

Published 16 Sep, 2017 12:00am
Senate body passes election bill

Senate body passes election bill

The Senate Standing Committee on Law and Justice on Friday passed 'The Election Bill, 2017' with amendments, including deletion of a clause related to submission of wealth statement by parliamentarians along with details of their assets and liabilities de
Published 16 Sep, 2017 12:00am
Home-made bomb injures 29 on packed London commuter train

Home-made bomb injures 29 on packed London commuter train

A home-made bomb on a packed rush-hour commuter train in London engulfed a carriage in flames and injured 29 people on Friday, but apparently failed to fully explode, in Britain's fifth major terrorism incident this year.
Published 16 Sep, 2017 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (September 15, 2017).

Published 16 Sep, 2017 12:00am
Home-made bomb injures 29 on packed London commuter train

Home-made bomb injures 29 on packed London commuter train

A home-made bomb on a packed rush-hour commuter train in London engulfed a carriage in flames and injured 29 people on Friday, but apparently failed to fully explode, in Britain's fifth major terrorism incident this year.
Published 16 Sep, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (September 15, 2017).

Published 16 Sep, 2017 12:00am
Manchhar Lake victims: Sindh government plans to rehabilitate

Manchhar Lake victims: Sindh government plans to rehabilitate

Sindh Chief Minister Syed Murad Ali Shah in his meeting with a British NGO OXFAM led by its chief executive Mark Ian Goldring said that his government was planning to rehabilitate the affectees of Manchhar Lake and poor people living along the coastal bel
Published 16 Sep, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (September 15, 2017).

Published 16 Sep, 2017 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

The rupee gave up weakness, holding the overnight level against the dollar on the money market on Friday in the process of trading dealers said. The rupee managed to keep the last levels against the dollar for buying and selling at Rs 105.40 and Rs 105.41
Published 16 Sep, 2017 12:00am
Exports show positive growth in H2: SBP governor

Exports show positive growth in H2: SBP governor

State Bank of Pakistan (SBP) Governor Tariq Bajwa Friday said that recovery in exports that started in the second half of FY17 and continued in the current fiscal year, bodes well for the country''''s economy. "Exports have shown positive growth during th
Published 16 Sep, 2017 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

The rupee gave up weakness, holding the overnight level against the dollar on the money market on Friday in the process of trading dealers said. The rupee managed to keep the last levels against the dollar for buying and selling at Rs 105.40 and Rs 105.41
Published 16 Sep, 2017 12:00am
Exports show positive growth in H2: SBP governor

Exports show positive growth in H2: SBP governor

State Bank of Pakistan (SBP) Governor Tariq Bajwa Friday said that recovery in exports that started in the second half of FY17 and continued in the current fiscal year, bodes well for the country''s economy. "Exports have shown positive growth during the
Published 16 Sep, 2017 12:00am
Exports show positive growth in H2: SBP governor

Exports show positive growth in H2: SBP governor

State Bank of Pakistan (SBP) Governor Tariq Bajwa Friday said that recovery in exports that started in the second half of FY17 and continued in the current fiscal year, bodes well for the country's economy. "Exports have shown positive growth during the l
Published 16 Sep, 2017 12:00am
Exports show positive growth in H2: SBP governor

Exports show positive growth in H2: SBP governor

State Bank of Pakistan (SBP) Governor Tariq Bajwa Friday said that recovery in exports that started in the second half of FY17 and continued in the current fiscal year, bodes well for the country's economy. "Exports have shown positive growth during the l
Published 16 Sep, 2017 12:00am
CPFTA talks conclude with breakthrough
Exchange

CPFTA talks conclude with breakthrough

After two days intense negotiations on FTA-II, China has indicated that it would consider allowing import of 70 high priority items of Pakistan''s interest prior to finalization of phase-II of the pact. This was conveyed in an official statement issued by
Published 16 Sep, 2017 12:00am
CPFTA talks conclude with breakthrough
Exchange

CPFTA talks conclude with breakthrough

After two days intense negotiations on FTA-II, China has indicated that it would consider allowing import of 70 high priority items of Pakistan's interest prior to finalization of phase-II of the pact. This was conveyed in an official statement issued by
Published 16 Sep, 2017 12:00am
CPFTA talks conclude with breakthrough
Exchange

CPFTA talks conclude with breakthrough

After two days intense negotiations on FTA-II, China has indicated that it would consider allowing import of 70 high priority items of Pakistan's interest prior to finalization of phase-II of the pact. This was conveyed in an official statement issued by
Published 16 Sep, 2017 12:00am
Suspected US drone strike targets militants in tribal area

Suspected US drone strike targets militants in tribal area

A suspected US drone strike killed three people in the tribal area of Pakistan near the Afghanistan border on Friday, a senior regional official said, in what Afghan Taliban sources say was an attack targeting a Haqqani network militant. If confirmed, it
Published 16 Sep, 2017 12:00am
Suspected US drone strike targets militants in tribal area

Suspected US drone strike targets militants in tribal area

A suspected US drone strike killed three people in the tribal area of Pakistan near the Afghanistan border on Friday, a senior regional official said, in what Afghan Taliban sources say was an attack targeting a Haqqani network militant. If confirmed, it
Published 16 Sep, 2017 12:00am
ECP orders arrest of Imran

ECP orders arrest of Imran

In a fresh development, the Election Commission of Pakistan (ECP) Friday directed Islamabad police to arrest Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan and produce him before the Commission on September 25. On Thursday, the ECP issued bailable war
Published 16 Sep, 2017 12:00am
ECP orders arrest of Imran

ECP orders arrest of Imran

In a fresh development, the Election Commission of Pakistan (ECP) Friday directed Islamabad police to arrest Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan and produce him before the Commission on September 25. On Thursday, the ECP issued bailable war
Published 16 Sep, 2017 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 16 Sep, 2017 12:00am
Sharifs to be disqualified for fixed time, or be barred forever?

Sharifs to be disqualified for fixed time, or be barred forever?

It remains unclear, however, whether the Sharifs will be disqualified for a fixed time, perhaps several years, or be barred from office forever. That could have major implications for Nawaz and his daughter Maryam. She is being touted as a future leader o
Published 16 Sep, 2017 12:00am
Sharifs to be disqualified for fixed time, or be barred forever?

Sharifs to be disqualified for fixed time, or be barred forever?

It remains unclear, however, whether the Sharifs will be disqualified for a fixed time, perhaps several years, or be barred from office forever. That could have major implications for Nawaz and his daughter Maryam. She is being touted as a future leader o
Published 16 Sep, 2017 12:00am
Review pleas dismissed

Review pleas dismissed

Announcing a short order in response to review pleas of the Sharif family seeking revisiting the Panama Papers case verdict that disqualified Nawaz Sharif from holding public office as prime minister, the Supreme Court on Friday pronounced the dismissal o
Published 16 Sep, 2017 12:00am
Review pleas dismissed

Review pleas dismissed

Announcing a short order in response to review pleas of the Sharif family seeking revisiting the Panama Papers case verdict that disqualified Nawaz Sharif from holding public office as prime minister, the Supreme Court on Friday pronounced the dismissal o
Published 16 Sep, 2017 12:00am
BRIndex100 keeps rising
Exchange

BRIndex100 keeps rising

Pakistan Stock Exchange ended the week on a positive note on the back of buying by local and foreign investors in various sectors. BRIndex100 gained 6.37 points or 0.14 percent to close at 4,667.73 points on Friday. BRIndex 100 touched intraday high of 4,
Published 16 Sep, 2017 12:00am
BRIndex100 keeps rising
Exchange

BRIndex100 keeps rising

Pakistan Stock Exchange ended the week on a positive note on the back of buying by local and foreign investors in various sectors. BRIndex100 gained 6.37 points or 0.14 percent to close at 4,667.73 points on Friday. BRIndex 100 touched intraday high of 4,
Published 16 Sep, 2017 12:00am
BRIndex100 keeps rising
Exchange

BRIndex100 keeps rising

Pakistan Stock Exchange ended the week on a positive note on the back of buying by local and foreign investors in various sectors. BRIndex100 gained 6.37 points or 0.14 percent to close at 4,667.73 points on Friday. BRIndex 100 touched intraday high of 4,
Published 16 Sep, 2017 12:00am
Nepra criticises government for failing to implement reforms

Nepra criticises government for failing to implement reforms

National Electric Power Regulatory Authority (Nepra) at a recent meeting of federal cabinet criticised the government for not implementing power sector reforms that began in the nineties in letter and spirit and not improving governance in NTDC, Discos an
Published 16 Sep, 2017 12:00am
Nepra criticises government for failing to implement reforms

Nepra criticises government for failing to implement reforms

National Electric Power Regulatory Authority (Nepra) at a recent meeting of federal cabinet criticised the government for not implementing power sector reforms that began in the nineties in letter and spirit and not improving governance in NTDC, Discos an
Published 16 Sep, 2017 12:00am
Nepra criticises government for failing to implement reforms

Nepra criticises government for failing to implement reforms

National Electric Power Regulatory Authority (Nepra) at a recent meeting of federal cabinet criticised the government for not implementing power sector reforms that began in the nineties in letter and spirit and not improving governance in NTDC, Discos an
Published 16 Sep, 2017 12:00am
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