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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-09-26
NAB committed to curbing corruption, chairman says

NAB committed to curbing corruption, chairman says

Chairman NAB Qamar Zaman Chaudhry has stated that eradication of corruption is the top priority of NAB and it is committed to eliminate this menace with absolute professionalism, transparency and on merit with iron hands. Corruption is mother of all evils
Published 26 Sep, 2017 12:00am
SMEDA, BIP sign MoU to establish EDC

SMEDA, BIP sign MoU to establish EDC

A Memorandum of Understanding (MoU) has been signed between Small and Medium Enterprises Development Authority (SMEDA) Pakistan and Brains Institute Peshawar (BIP) for establishment of Entrepreneurship Development Centre (EDC) at the Institute. Sher Ayub
Published 26 Sep, 2017 12:00am
Missing persons: absence of JC chairman irks Senate body

Missing persons: absence of JC chairman irks Senate body

Senate Functional Committee on Human Rights has expressed serious concerns and resentment over the absence of the chairman Judicial Commission on Missing Persons and relevant officers. The committee met with Senator Nasreen Jalil in the chair here at Parl
Published 26 Sep, 2017 12:00am
Jubilee Insurance to sponsor Pakistan-Sri Lanka cricket series

Jubilee Insurance to sponsor Pakistan-Sri Lanka cricket series

Jubilee Life, Pakistan's largest life insurance provider in the private sector, has agreed to partner with the Pakistan Cricket Board (PCB) as co-sponsors for Pakistan's upcoming series with Sri Lanka in the UAE starting this month. The two Asian cricketi
Published 26 Sep, 2017 12:00am
Jubilee Insurance to sponsor Pakistan-Sri Lanka cricket series

Jubilee Insurance to sponsor Pakistan-Sri Lanka cricket series

Jubilee Life, Pakistan's largest life insurance provider in the private sector, has agreed to partner with the Pakistan Cricket Board (PCB) as co-sponsors for Pakistan's upcoming series with Sri Lanka in the UAE starting this month. The two Asian cricketi
Published 26 Sep, 2017 12:00am
World highest ATM: NBP gets Guinness World Records title

World highest ATM: NBP gets Guinness World Records title

The National Bank of Pakistan, (NBP) recently set a new Guinness World Records by installing the world's highest ATM (automated teller machine) at the Pak-China border, Khunjerab Pass. The ATM has been installed at a height of 16,007 feet above sea level,
Published 26 Sep, 2017 12:00am
OGDCL discovers gas, condensate at Tando Allah Yar South West Well

OGDCL discovers gas, condensate at Tando Allah Yar South West Well

Oil and Gas Development Company Limited (OGDCL) has discovered gas and condensate from its Exploratory Well Tando Allah Yar South West No. 1, which is located in District Hyderabad, Sindh province. OGDCL is the operator in this joint venture having 95 per
Published 26 Sep, 2017 12:00am
Action directed against transporters using substandard CNG kits

Action directed against transporters using substandard CNG kits

Additional Deputy Commissioner-I Muhammad Usman Tanvir has directed the concerned officers of Road Transport Authority, Traffic Police and others to launch campaign against those transporters who are running substandard or faulty fitted CNG kits in public
Published 26 Sep, 2017 12:00am
Lasbela CCI apprises ministry official of its problems

Lasbela CCI apprises ministry official of its problems

Director of the Domestic Commerce Wing of the Ministry of Commerce (Islamabad) Asim Tiwana has said that a separate department is needed to create awareness among people regarding benefits of entering into tax net and having registration of various facili
Published 26 Sep, 2017 12:00am
Sindh government to raise business community's issues at CCI: minister

Sindh government to raise business community's issues at CCI: minister

Sindh Minister for Transport, Mass Transit, Labour, Human Resources and Information, Nasir Hussain Shah, has said that the government will raise voice at the Council of Common Interests (CCI) to resolve problems being aced by business community. Speaking
Published 26 Sep, 2017 12:00am
DG Agriculture research assumes charge of MD SSC

DG Agriculture research assumes charge of MD SSC

Director General Agriculture Research, Noor Muhammad Baloch, has assumed the charge of Managing Director Sindh Seed Corporation Hyderabad. In his first meeting with Sindh Seed Corporation staff, he has insisted on preparation and multiplication of standar
Published 26 Sep, 2017 12:00am
Shahbaz for foolproof security arrangements during Muharram

Shahbaz for foolproof security arrangements during Muharram

Punjab Chief Minister Shahbaz Sharif has issued directions to the cabinet committee on law and order to regularly monitor the security arrangements during Muharram-ul-Haram and also keep a vigilant eye on anti-social elements.
Published 26 Sep, 2017 12:00am
Sharifs hold law, constitution in highest esteem: Marriyum

Sharifs hold law, constitution in highest esteem: Marriyum

Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb Monday said that former Prime Minister Muhammad Nawaz Sharif held the law and constitution in the highest esteem, which was amply demonstrated by him and his family d
Published 26 Sep, 2017 12:00am
PTI to hold public gathering on October 14

PTI to hold public gathering on October 14

Pakistan Tehreek-e-Insaf (PTI) Central Punjab President Abdul Aleem Khan has disclosed that on October 14 the PTI will hold a large public gathering at Mandi Bahauddin and their chief Imran Khan will address them. He disclosed this on Monday during a meet
Published 26 Sep, 2017 12:00am
Nation, army proud of their martyrs: CoAS

Nation, army proud of their martyrs: CoAS

Chief of Army Staff (CoAS) General Qamar Javed Bajwa has said that the nation is proud of their Shuhada who have rendered supreme sacrifices in the line of duty. The Army Chief stated this during his visit to parents of martyred Lieutenant Arsalan Alam at
Published 26 Sep, 2017 12:00am
Aisha Bawani issue: Sindh High Court extends interim order

Aisha Bawani issue: Sindh High Court extends interim order

The Sindh High Court (SHC) on Monday extended its interim order that has opened Aisha Bawani College, Karachi and resumed classes till October 05. Earlier on Thursday, the SHC's 'Naazir' Karamdin Junejo along with Additional Advocate General Barrister Ghu
Published 26 Sep, 2017 12:00am
Baldia factory case: Rangers ask ATC to include Rauf Siddiqui as suspect

Baldia factory case: Rangers ask ATC to include Rauf Siddiqui as suspect

Sindh Rangers on Monday submitted a request in Anti-Terrorism Court to name Muttahida Qaumi Movement (MQM) leader Rauf Siddiqui as a suspect in the Baldia factory fire case. Sindh Rangers said that it is important to investigate the MQM leader; as the pri
Published 26 Sep, 2017 12:00am
BASF celebrating World Green Building Week

BASF celebrating World Green Building Week

Starting today, the World Green Building Council is celebrating World Green Building Week. BASF also provides solutions that support sustainable building and contribute to climate protection. During the week, BASF will showcase a range of these solutions
Published 26 Sep, 2017 12:00am
MCB-AH launches first branch in Quetta

MCB-AH launches first branch in Quetta

MCB-Arif Habib Savings and Investments Limited (MCB-AH) recently launched its first branch in the city of Quetta. The branch is located at Al-Fajar Centre, M.A. Jinnah Road, Quetta. This branch has been launched in order to provide innovative saving and i
Published 26 Sep, 2017 12:00am
'No hotel in UK refuses to accommodate PIA'

'No hotel in UK refuses to accommodate PIA'

A PIA spokesman here on Monday strongly denied a news story appearing in a section of the media that 'a hotel in UK has denied accommoddation to PIA on any pretext. A statement by the spokesman of the national flag carrier said that the story has been iss
Published 26 Sep, 2017 12:00am
Chinese ambassador hosts reception celebrating upcoming national day

Chinese ambassador hosts reception celebrating upcoming national day

Chinese Ambassador Sun Weidong and his wife Diana Bao hosted a reception here at a local hotel to celebrate the 68th anniversary of the founding of People's Republic of China. Chairman Senate Mian Raza Rabani as well as ministers, politicians, senior memb
Published 26 Sep, 2017 12:00am
LGCC to showcase in Expo Pakistan 2017

LGCC to showcase in Expo Pakistan 2017

Lahore Garment City Company would be participating in the Expo Pakistan 2017 which would help apprise the visitors about the leading garment brands of the country and would help in promoting commerce and trade sector of the country.
Published 26 Sep, 2017 12:00am
Pesco nabs 210 power pilferers in Peshawar

Pesco nabs 210 power pilferers in Peshawar

On the directives of Chief Executive Officer (CEO) Pesco Engineer Shabir Ahmad drive against illegal use of electricity is continued throughout Khyber Pakhtunkhwa. In this connection Pesco Surveillance Wapda House Teams under the supervision of Director T
Published 26 Sep, 2017 12:00am
Ali Zaidi appointed senior VP of PTI

Ali Zaidi appointed senior VP of PTI

Pakistan Tehreek-e-Insaf (PTI) on Monday appointed the party leader Ali Zaidi as Senior Vice President of PTI. Party Chief Imran Khan gave the formal approval of appointment of Ali Zaidi as PTI's Vice President. A notification in this connection was issue
Published 26 Sep, 2017 12:00am
Three bullet riddled bodies found in Turbat

Three bullet riddled bodies found in Turbat

The security forces recovered three bullet riddled bodies here on Monday. Levies sources said that bodies of three people identified as Irshad, Waleed and Amir were recovered from Tump area of Turbat in district Kech. The deceased were shot dead from clos
Published 26 Sep, 2017 12:00am
Arif Lakhani elected PCDMA chief

Arif Lakhani elected PCDMA chief

M Arif Lakhani and Mobin Bashir have been elected unopposed as chairman and vice chairman of Pakistan Chemical and Dyes Merchant Association (PCDMA) for the year 2017-18, respectively. Raheela Naseer has been elected as member executive committee on the w
Published 26 Sep, 2017 12:00am
Trichotomy of power: legislature weakest of three links: Rabbani

Trichotomy of power: legislature weakest of three links: Rabbani

Chairman Senate Raza Rabbani has said that the two Houses of Parliament and the provincial assemblies, if assert their due Constitutional space, it will bring about positive results for democracy in the country. He further said that if we abdicate our spa
Published 26 Sep, 2017 12:00am
'Controversial' appointment

'Controversial' appointment

All Pakistan ZTBL Employees Union (CBA) has accused acting Managing Director Kissan Services Support Company Limited (KSSL) of appointing ex-Executive Vice President as Manager HR of the company in violation of rules and on lucrative remuneration.
Published 26 Sep, 2017 12:00am
Defamation suit against Imran: proceedings adjourned till October 9

Defamation suit against Imran: proceedings adjourned till October 9

A civil court adjourned proceedings to October 9 in a suit against Imran Khan filed by Chief Minister Punjab Muhammad Shahbaz Sharif claiming damages of Rs 10 billion as Imran failed to submit his reply. While giving last chance to Imran Khan for submitti
Published 26 Sep, 2017 12:00am
ECP adjourns hearing of contempt of court case against Imran

ECP adjourns hearing of contempt of court case against Imran

The Election Commission of Pakistan (ECP) on Monday adjourned hearing of contempt of court case against Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan till September 27. In his written reply submitted with the ECP, Chairman PTI Imran Khan argued that his
Published 26 Sep, 2017 12:00am
MQM-P, PTI in negotiations to unseat Khursheed Shah in NA

MQM-P, PTI in negotiations to unseat Khursheed Shah in NA

Muttahida Qaumi Movement-Pakistan (MQM-P) and Pakistan Tehreek-e-Insaf (PTI) are in negotiations to de-seat the opposition leader Khursheed Shah in the National Assembly with the next general elections due in about nine months. MQM-P MNA Ali Raza Abidi to
Published 26 Sep, 2017 12:00am
Gazain Marri gets bail in judge's murder case

Gazain Marri gets bail in judge's murder case

A district and sessions court on Monday granted bail to Nawabzada Gazain Marri, the son of late Baloch politician Nawaz Khair Bukhsh Marri, in a case related to the murder of Justice Nawaz Marri. Marri was arrested moments later he landed at Quetta airpor
Published 26 Sep, 2017 12:00am
Octo3 Technology Foundation introduces new mechanism for payments

Octo3 Technology Foundation introduces new mechanism for payments

In order to facilitate user of money transaction system, a Hong Kong based Octo3 Technology Foundation has introduced new mechanism for payments with the name HAZZA in the country from October 3. This was disclosed by its Chairman Ajmal Samual here on Mon
Published 26 Sep, 2017 12:00am
The Weather

The Weather

The weather report on Monday (September 25, 2017) and the forecast for Tuesday (September 26, 2017).

Published 26 Sep, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (September 25, 2017).

Published 26 Sep, 2017 12:00am
Jamaat leaderhails Nawaz's decision to return home

Jamaat leaderhails Nawaz's decision to return home

Secretary General, Jamaat-e-Islami, Liaqat Baloch, has lauded the bold stance of Prime Minister Shahid Khaqan Abbasi, the Army Chief as also Pakistan's permanent envoy in the United Nations against India and on the Kashmir issue.
Published 26 Sep, 2017 12:00am
Maritime Security Workshop concludes: President lauds efforts of Navy

Maritime Security Workshop concludes: President lauds efforts of Navy

The inaugural Maritime Security Workshop (MARSEW) concluded Monday at Pakistan Navy War College Lahore. The President of Pakistan, Mamnoon Hussain was chief guest on the occasion. Chief of the Naval Staff, Admiral Muhammad Zakaullah was also present at th
Published 26 Sep, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (September 25, 2017).

Published 26 Sep, 2017 12:00am
Cotton matters
Cotton

Cotton matters

Although the federal and provincial governments have been asked to share a subsidy for sugar export, the profundity of cotton-related industry for greater exports cannot be under-estimated. In a highly important development, parliamentarians from cotton g
Published 26 Sep, 2017 12:00am
Germany's Free Democrats could be brake on euro reform

Germany's Free Democrats could be brake on euro reform

Germany's general election brought the pro-business Free Democratic Party a triumphant return to parliament, but memories of its near-death experience last time will make for tough coalition talks with consequences beyond Germany's borders.
Published 26 Sep, 2017 12:00am
The return of Nawaz Sharif

The return of Nawaz Sharif

Punditry and forecasting are both inexact 'sciences'. Sometimes, the line between the two gets blurred. Something of this nature has overtaken the Pakistani commentariat regarding the plans of ousted prime minister Nawaz Sharif. By and large, our commenta
Published 26 Sep, 2017 12:00am
Weak case for optimism
Exchange

Weak case for optimism

The statement by the Governor of the State Bank of Pakistan to the Pakistan Business Council on the 15th of September highlighted the positives in the economy. Clearly, the tone was upbeat so as to motivate the members of the PBC, who are mostly multinati
Published 26 Sep, 2017 12:00am
Scaring foreign investors away

Scaring foreign investors away

The International Centre for Settlement of Investment Disputes (ICSID), the World Bank's arm for this purpose, has ruled that Pakistan's government had 'expropriated' the assets of foreign investor Karkey Karadeniz Electric Uretim A S, a Turkish firm, whe
Published 26 Sep, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (September 25, 2017)

Published 26 Sep, 2017 12:00am
The C/A challenge
Exchange

The C/A challenge

Although Current Account (C/A) deficit of the country has plunged by 73 percent to dollar 550 million in August, 2017 against dollar 2.051 billion a month earlier, the overall position during the first two months of the current fiscal year was highly dist
Published 26 Sep, 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 (September 25, 2017).

Published 26 Sep, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 25, 2017).

Published 26 Sep, 2017 12:00am
US defence chief in India to boost military ties

US defence chief in India to boost military ties

Stronger military ties between India and the United States should not affect relations with neighbours such as Pakistan, US Defense Secretary Jim Mattis said ahead of a visit to New Delhi. The Pentagon chief arrived Monday for a 48-hour trip - the first t
Published 26 Sep, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 25, 2017).

Published 26 Sep, 2017 12:00am
US defence chief in India to boost military ties

US defence chief in India to boost military ties

Stronger military ties between India and the United States should not affect relations with neighbours such as Pakistan, US Defense Secretary Jim Mattis said ahead of a visit to New Delhi. The Pentagon chief arrived Monday for a 48-hour trip - the first t
Published 26 Sep, 2017 12:00am
Provincial ST on services: towel makers seek federal government''s help

Provincial ST on services: towel makers seek federal government''s help

Home textile makers have sought the federal government help over the absence of any procedure for refund of provincial sales tax on services, saying the tax authority continues to pile up billions of rupees of the cash-starved sector, unreasonably. "Provi
Published 26 Sep, 2017 12:00am
Provincial ST on services: towel makers seek federal government's help

Provincial ST on services: towel makers seek federal government's help

Home textile makers have sought the federal government help over the absence of any procedure for refund of provincial sales tax on services, saying the tax authority continues to pile up billions of rupees of the cash-starved sector, unreasonably. "Provi
Published 26 Sep, 2017 12:00am
THE RUPEE: rates slip

THE RUPEE: rates slip

The rupee showed a slight fall in relation to the dollar on the money market on Monday in the process of trading, dealers said. The rupee shed two paisas versus the dollar for buying and selling at Rs 105.42 and Rs 105.43 respectively, they said.
Published 26 Sep, 2017 12:00am
Provincial ST on services: towel makers seek federal government's help

Provincial ST on services: towel makers seek federal government's help

Home textile makers have sought the federal government help over the absence of any procedure for refund of provincial sales tax on services, saying the tax authority continues to pile up billions of rupees of the cash-starved sector, unreasonably. "Provi
Published 26 Sep, 2017 12:00am
THE RUPEE: rates slip

THE RUPEE: rates slip

The rupee showed a slight fall in relation to the dollar on the money market on Monday in the process of trading, dealers said. The rupee shed two paisas versus the dollar for buying and selling at Rs 105.42 and Rs 105.43 respectively, they said.
Published 26 Sep, 2017 12:00am
China gives Tianjin ex-mayor 12 years for graft

China gives Tianjin ex-mayor 12 years for graft

An official who was mayor of a northern Chinese city when a massive chemical explosion killed at least 165 people was Monday sentenced to 12 years in prison for graft, state media said. Huang Xingguo, 62, headed the response committee after the explosion
Published 26 Sep, 2017 12:00am
China gives Tianjin ex-mayor 12 years for graft

China gives Tianjin ex-mayor 12 years for graft

An official who was mayor of a northern Chinese city when a massive chemical explosion killed at least 165 people was Monday sentenced to 12 years in prison for graft, state media said. Huang Xingguo, 62, headed the response committee after the explosion
Published 26 Sep, 2017 12:00am
Rabi season: country likely to face 20-24 percent water shortage

Rabi season: country likely to face 20-24 percent water shortage

The country is expected to face 20-24 percent water shortage during Rabi season (October-March) 2017 calculated on Monday at a meeting of the technical committee. However, the final figures of shortage in Rabi season will be finalised at a meeting of Irsa
Published 26 Sep, 2017 12:00am
Rabi season: country likely to face 20-24 percent water shortage

Rabi season: country likely to face 20-24 percent water shortage

The country is expected to face 20-24 percent water shortage during Rabi season (October-March) 2017 calculated on Monday at a meeting of the technical committee. However, the final figures of shortage in Rabi season will be finalised at a meeting of Irsa
Published 26 Sep, 2017 12:00am
Rabi season: country likely to face 20-24 percent water shortage

Rabi season: country likely to face 20-24 percent water shortage

The country is expected to face 20-24 percent water shortage during Rabi season (October-March) 2017 calculated on Monday at a meeting of the technical committee. However, the final figures of shortage in Rabi season will be finalised at a meeting of Irsa
Published 26 Sep, 2017 12:00am
Counting by the millions: a demographer working for democracy

Counting by the millions: a demographer working for democracy

Nancy Stiegler has participated in the counting of nearly half a billion people, in African deserts, Pacific archipelagos and the teeming megacities of Asia. She is one of just a handful of technical experts - and only two women - travelling the world to
Published 26 Sep, 2017 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 26 Sep, 2017 12:00am
Hopes for jobs as Air Berlin picks Lufthansa, EasyJet bids

Hopes for jobs as Air Berlin picks Lufthansa, EasyJet bids

Insolvent Air Berlin confirmed Monday it was negotiating with German airline giant Lufthansa and Britain's EasyJet to sell off parts of its business, offering hope for the future of its 8,000 employees and 140 aircraft. "Negotiations with Lufthansa AG and
Published 26 Sep, 2017 12:00am
Sugar export: subsidy to be shared by governments

Sugar export: subsidy to be shared by governments

The Economic Co-ordination Committee (ECC) of the Cabinet has decided that subsidy of Rs 5 billion on export of 0.5 million tons of sugar will be shared by federal and provincial governments on a 50:50 basis.
Published 26 Sep, 2017 12:00am
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