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May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-10-05
India's threat amounts to violation of UN Charter: Maleeha

India's threat amounts to violation of UN Charter: Maleeha

Pakistan Ambassador Maleeha Lodhi warned India at the UN on Tuesday against carrying out its threat to conduct strikes across the Line of Control, saying that Pakistan will give an effective and matching response. Speaking in the debate on the Secretary G
Published 05 Oct, 2017 12:00am
Nomination form to be restored to original shape: amendment today

Nomination form to be restored to original shape: amendment today

Speaker National Assembly, Sardar Ayaz Saddiq, has said that an amendment in the 'Election Act, 2017' would be presented in the Lower House Thursday (today) to restore original form of nomination paper for the candidate regarding Khatam-e-Nabuwat (Finalit
Published 05 Oct, 2017 12:00am
Nomination form to be restored to original shape: amendment today

Nomination form to be restored to original shape: amendment today

Speaker National Assembly, Sardar Ayaz Saddiq, has said that an amendment in the 'Election Act, 2017' would be presented in the Lower House Thursday (today) to restore original form of nomination paper for the candidate regarding Khatam-e-Nabuwat (Finalit
Published 05 Oct, 2017 12:00am
Nawaz repeats 'why I was removed' question

Nawaz repeats 'why I was removed' question

Pakistan Muslim League-N (PML-N) President and former prime minister Nawaz Sharif Wednesday said that Pakistan is destined to move forward and sanctity of the vote would be restored. While addressing the PML-N workers convention here at Alhamra Arts Centr
Published 05 Oct, 2017 12:00am
Nawaz repeats 'why I was removed' question

Nawaz repeats 'why I was removed' question

Pakistan Muslim League-N (PML-N) President and former prime minister Nawaz Sharif Wednesday said that Pakistan is destined to move forward and sanctity of the vote would be restored. While addressing the PML-N workers convention here at Alhamra Arts Centr
Published 05 Oct, 2017 12:00am
'We want our money back': France to Britain

'We want our money back': France to Britain

Britain needs to settle its bill with the EU before beginning talks on a post-Brexit trade deal, French Economy Minister Bruno Le Maire said, declaring: "We want our money back". In an interview with France's CNews channel on Tuesday evening, Le Maire sai
Published 05 Oct, 2017 12:00am
THE RUPEE: slight changes
Currency

THE RUPEE: slight changes

The rupee moved with slight changes in terms of the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee inched up by one paisa in relation to the dollar for buying and selling at Rs 105.41 and Rs 105.42 respectively,
Published 05 Oct, 2017 12:00am
'We want our money back': France to Britain

'We want our money back': France to Britain

Britain needs to settle its bill with the EU before beginning talks on a post-Brexit trade deal, French Economy Minister Bruno Le Maire said, declaring: "We want our money back". In an interview with France's CNews channel on Tuesday evening, Le Maire sai
Published 05 Oct, 2017 12:00am
THE RUPEE: slight changes
Currency

THE RUPEE: slight changes

The rupee moved with slight changes in terms of the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee inched up by one paisa in relation to the dollar for buying and selling at Rs 105.41 and Rs 105.42 respectively,
Published 05 Oct, 2017 12:00am
''We want our money back'': France to Britain

''We want our money back'': France to Britain

Britain needs to settle its bill with the EU before beginning talks on a post-Brexit trade deal, French Economy Minister Bruno Le Maire said, declaring: "We want our money back". In an interview with France''s CNews channel on Tuesday evening, Le Maire sa
Published 05 Oct, 2017 12:00am
BRIndex100 extends losses
Exchange

BRIndex100 extends losses

A declining trend continued on Pakistan Stock Exchange Wednesday due to selling by local and foreign investors. BRIndex100 lost another 82.28 points or 1.85 percent to close at 4,373.85 points. BRIndex100 touched intraday high of 4,467.19 points and an in
Published 05 Oct, 2017 12:00am
BRIndex100 extends losses
Exchange

BRIndex100 extends losses

A declining trend continued on Pakistan Stock Exchange Wednesday due to selling by local and foreign investors. BRIndex100 lost another 82.28 points or 1.85 percent to close at 4,373.85 points. BRIndex100 touched intraday high of 4,467.19 points and an in
Published 05 Oct, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 04, 2017).

Published 05 Oct, 2017 12:00am
BRIndex100 extends losses
Exchange

BRIndex100 extends losses

A declining trend continued on Pakistan Stock Exchange Wednesday due to selling by local and foreign investors. BRIndex100 lost another 82.28 points or 1.85 percent to close at 4,373.85 points. BRIndex100 touched intraday high of 4,467.19 points and an in
Published 05 Oct, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 04, 2017).

Published 05 Oct, 2017 12:00am
Prosecution witness cross-examined by Dar's counsel

Prosecution witness cross-examined by Dar's counsel

National Accountability Bureau (NAB) on Wednesday produced the first witness in the Accou-ntability Court against Finance Minister Ishaq Dar in connection with a corruption reference and the witness claimed that Dar's wife owns a security company.
Published 05 Oct, 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 Wednesday (October 04, 2017).

Published 05 Oct, 2017 12:00am
Prosecution witness cross-examined by Dar's counsel

Prosecution witness cross-examined by Dar's counsel

National Accountability Bureau (NAB) on Wednesday produced the first witness in the Accou-ntability Court against Finance Minister Ishaq Dar in connection with a corruption reference and the witness claimed that Dar's wife owns a security company.
Published 05 Oct, 2017 12:00am
PTI rejects government's nominee for top slot of NAB

PTI rejects government's nominee for top slot of NAB

Pakistan Tehreek-e-Insaf (PTI) on Wednesday rejected the government's nominee for the top slot of National Accountability Bureau (NAB), who is most probably Director General Intelligence Bureau (IB) Aftab Sultan. PTI Vice Chairman, Shah Mehmood Qureshi sa
Published 05 Oct, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (October 04, 2017)

Published 05 Oct, 2017 12:00am
PTI rejects government's nominee for top slot of NAB

PTI rejects government's nominee for top slot of NAB

Pakistan Tehreek-e-Insaf (PTI) on Wednesday rejected the government's nominee for the top slot of National Accountability Bureau (NAB), who is most probably Director General Intelligence Bureau (IB) Aftab Sultan. PTI Vice Chairman, Shah Mehmood Qureshi sa
Published 05 Oct, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (October 04, 2017).

Published 05 Oct, 2017 12:00am
Awais Leghari made Minister of Power Division

Awais Leghari made Minister of Power Division

Prime Minister Shahid Khaqan Abbasi has appointed Sardar Awais Leghari Federal Minister of Power Division with immediate effect. In this regard Cabinet Division has issued notification on Wednesday. Sardar Awais Leghari took oath of Federal Minister after
Published 05 Oct, 2017 12:00am
Awais Leghari made Minister of Power Division

Awais Leghari made Minister of Power Division

Prime Minister Shahid Khaqan Abbasi has appointed Sardar Awais Leghari Federal Minister of Power Division with immediate effect. In this regard Cabinet Division has issued notification on Wednesday. Sardar Awais Leghari took oath of Federal Minister after
Published 05 Oct, 2017 12:00am
OM issued on export of sugar

OM issued on export of sugar

Ministry of Commerce has issued Office Memorandum (OM) on export of 0.5 million tons of sugar with a subsidy of Rs 10.70 per kg, after ECC's decision of September 14, 2017.
Published 05 Oct, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (October 04, 2017).

Published 05 Oct, 2017 12:00am
OM issued on export of sugar

OM issued on export of sugar

Ministry of Commerce has issued Office Memorandum (OM) on export of 0.5 million tons of sugar with a subsidy of Rs 10.70 per kg, after ECC's decision of September 14, 2017.
Published 05 Oct, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (October 04, 2017).

Published 05 Oct, 2017 12:00am
OM issued on export of sugar

OM issued on export of sugar

Ministry of Commerce has issued Office Memorandum (OM) on export of 0.5 million tons of sugar with a subsidy of Rs 10.70 per kg, after ECC''s decision of September 14, 2017.
Published 05 Oct, 2017 12:00am
The Weather

The Weather

The weather report on Wednesday (October 04, 2017) and the forecast for Thursday (October 05, 2017).

Published 05 Oct, 2017 12:00am
Power generation: T&D losses increase due to LNG use, Senators told

Power generation: T&D losses increase due to LNG use, Senators told

Ministry of Energy (Power Division) on Wednesday made shocking revelations before Senate Standing Committee on Energy that Transmission and Distribution losses of key Discos have increased due to use of LNG by the industrial sector in power generation.
Published 05 Oct, 2017 12:00am
Power generation: T&D losses increase due to LNG use, Senators told

Power generation: T&D losses increase due to LNG use, Senators told

Ministry of Energy (Power Division) on Wednesday made shocking revelations before Senate Standing Committee on Energy that Transmission and Distribution losses of key Discos have increased due to use of LNG by the industrial sector in power generation.
Published 05 Oct, 2017 12:00am
Power generation: T&D losses increase due to LNG use, Senators told

Power generation: T&D losses increase due to LNG use, Senators told

Ministry of Energy (Power Division) on Wednesday made shocking revelations before Senate Standing Committee on Energy that Transmission and Distribution losses of key Discos have increased due to use of LNG by the industrial sector in power generation.
Published 05 Oct, 2017 12:00am
Joint body to redress difference with PHMA: EOBI official

Joint body to redress difference with PHMA: EOBI official

Employee's Old Age Benefits Institution (EOBI) will take Pakistan Hosiery Manufacturers & Exporters Association (PHMA) into confidence before issuing notices while a joint committee has also been constituted to redress the mutual differences, said Directo
Published 05 Oct, 2017 12:00am
PMIC, Alfalah Insurance sign MoU
Exchange

PMIC, Alfalah Insurance sign MoU

Pakistan Microfinance Investment Company (PMIC) and Alfalah Insurance Company have signed MoU to collaborate towards development of need based innovative crop and livestock insurance products for subsistence farmers. The MoU was signed by Yasir Ashfaq Chi
Published 05 Oct, 2017 12:00am
Combined convocation of SMME, SCME held at NUST

Combined convocation of SMME, SCME held at NUST

The combined convocation of School of Mechanical and Manufacturing Engineering (SMME) and School of Chemical and Materials Engineering (SCME) was held at the main campus of National University of Sciences and Technology (NUST) here on Wednesday.
Published 05 Oct, 2017 12:00am
Nawaz leaves for London today

Nawaz leaves for London today

President PML-N, Nawaz Sharif is leaving for UK today, party sources told. They said Nawaz Sharif will fly through PIA flight PK757 at 11 am. He is bound to appear before a National Accountability Bureau (NAB) court on 9th of October for indictment.
Published 05 Oct, 2017 12:00am
India ceasefire violations threat to peace, security: FO

India ceasefire violations threat to peace, security: FO

Foreign Office Wednesday warned that ceasefire violations by India are a threat to regional peace and security and may lead to a strategic miscalculation. In a statement, Foreign Office Spokesperson Nafees Zakaria said that Director General South Asia and
Published 05 Oct, 2017 12:00am
India ceasefire violations threat to peace, security: FO

India ceasefire violations threat to peace, security: FO

Foreign Office Wednesday warned that ceasefire violations by India are a threat to regional peace and security and may lead to a strategic miscalculation. In a statement, Foreign Office Spokesperson Nafees Zakaria said that Director General South Asia and
Published 05 Oct, 2017 12:00am
SBP extends timeline for reporting of operational loss data

SBP extends timeline for reporting of operational loss data

The State Bank of Pakistan (SBP) has announced extension in the timeline for reporting of operational loss data. According to BPRD Circular Letter No. 27 of 2017, issued on October 4, 2017, under the implementation of operational risk management framework
Published 05 Oct, 2017 12:00am
SBP extends timeline for reporting of operational loss data

SBP extends timeline for reporting of operational loss data

The State Bank of Pakistan (SBP) has announced extension in the timeline for reporting of operational loss data. According to BPRD Circular Letter No. 27 of 2017, issued on October 4, 2017, under the implementation of operational risk management framework
Published 05 Oct, 2017 12:00am
SBP extends timeline for reporting of operational loss data

SBP extends timeline for reporting of operational loss data

The State Bank of Pakistan (SBP) has announced extension in the timeline for reporting of operational loss data. According to BPRD Circular Letter No. 27 of 2017, issued on October 4, 2017, under the implementation of operational risk management framework
Published 05 Oct, 2017 12:00am
Mishaps disrupt UK PM as she tries to rally party

Mishaps disrupt UK PM as she tries to rally party

Prime Minister Theresa May urged her party Wednesday to back her to deliver bold change for Britain, but her attempt to move past Brexit splits was marred by a protest, a collapsing set and a coughing fit. The Conservative leader used her closing speech t
Published 05 Oct, 2017 12:00am
Mishaps disrupt UK PM as she tries to rally party

Mishaps disrupt UK PM as she tries to rally party

Prime Minister Theresa May urged her party Wednesday to back her to deliver bold change for Britain, but her attempt to move past Brexit splits was marred by a protest, a collapsing set and a coughing fit. The Conservative leader used her closing speech t
Published 05 Oct, 2017 12:00am
Turkey sentences 34 to life in jail over Erdogan death plot

Turkey sentences 34 to life in jail over Erdogan death plot

A Turkish court on Wednesday handed life sentences to 34 people convicted of plotting to assassinate President Recep Tayyip Erdogan at a luxury Aegean hotel during last year's failed coup. The defendants, who include senior military officers, were each gi
Published 05 Oct, 2017 12:00am
Turkey sentences 34 to life in jail over Erdogan death plot

Turkey sentences 34 to life in jail over Erdogan death plot

A Turkish court on Wednesday handed life sentences to 34 people convicted of plotting to assassinate President Recep Tayyip Erdogan at a luxury Aegean hotel during last year's failed coup. The defendants, who include senior military officers, were each gi
Published 05 Oct, 2017 12:00am
Forensic audit of banks: FBR terms secrecy clause major impediment

Forensic audit of banks: FBR terms secrecy clause major impediment

The Federal Board of Revenue (FBR) has termed confidentiality law or secrecy clause in banking laws as a major impediment to the forensic audit of banks for which State Bank of Pakistan (SBP) can play a pivotal role in negotiations with banks for provisio
Published 05 Oct, 2017 12:00am
Forensic audit of banks: FBR terms secrecy clause major impediment

Forensic audit of banks: FBR terms secrecy clause major impediment

The Federal Board of Revenue (FBR) has termed confidentiality law or secrecy clause in banking laws as a major impediment to the forensic audit of banks for which State Bank of Pakistan (SBP) can play a pivotal role in negotiations with banks for provisio
Published 05 Oct, 2017 12:00am
Forensic audit of banks: FBR terms secrecy clause major impediment

Forensic audit of banks: FBR terms secrecy clause major impediment

The Federal Board of Revenue (FBR) has termed confidentiality law or secrecy clause in banking laws as a major impediment to the forensic audit of banks for which State Bank of Pakistan (SBP) can play a pivotal role in negotiations with banks for provisio
Published 05 Oct, 2017 12:00am
CPEC framework: export processing zones to be established: Sartaj

CPEC framework: export processing zones to be established: Sartaj

Deputy Chairman Planning Commission of Pakistan Sartaj Aziz said the federal government is committed to take up on priority the problems faced by the local industry and manufacturing sector in Pakistan and to take appropriate measures to boost up industri
Published 05 Oct, 2017 12:00am
CPEC framework: export processing zones to be established: Sartaj

CPEC framework: export processing zones to be established: Sartaj

Deputy Chairman Planning Commission of Pakistan Sartaj Aziz said the federal government is committed to take up on priority the problems faced by the local industry and manufacturing sector in Pakistan and to take appropriate measures to boost up industri
Published 05 Oct, 2017 12:00am
CPEC framework: export processing zones to be established: Sartaj

CPEC framework: export processing zones to be established: Sartaj

Deputy Chairman Planning Commission of Pakistan Sartaj Aziz said the federal government is committed to take up on priority the problems faced by the local industry and manufacturing sector in Pakistan and to take appropriate measures to boost up industri
Published 05 Oct, 2017 12:00am
Trio awarded Nobel prize for 'cool' method to study molecules

Trio awarded Nobel prize for 'cool' method to study molecules

A revolutionary technique dubbed cryo-electron microscopy, which has peered closer at the Zika virus and an Alzheimer's enzyme, earned scientists Jacques Dubochet, Joachim Frank and Richard Henderson the Nobel Chemistry Prize on Wednesday.
Published 05 Oct, 2017 12:00am
Trio awarded Nobel prize for 'cool' method to study molecules

Trio awarded Nobel prize for 'cool' method to study molecules

A revolutionary technique dubbed cryo-electron microscopy, which has peered closer at the Zika virus and an Alzheimer's enzyme, earned scientists Jacques Dubochet, Joachim Frank and Richard Henderson the Nobel Chemistry Prize on Wednesday.
Published 05 Oct, 2017 12:00am
Resort to further RD
Currency

Resort to further RD

According to a Business Recorder exclusive, the Commerce Ministry together with the Federal Board of Revenue (FBR) have prepared a list of reportedly hundreds of imported items which would have a regulatory duty (RD) of between 5 to 10 percent slap
Published 05 Oct, 2017 12:00am
End this brinkmanship

End this brinkmanship

That the country is going to witness confrontation between institutions is now a strong possibility. This perception has received a strong boost following the election of ousted prime minister Nawaz Sharif as president of the PML-N. Less than 24 hours pri
Published 05 Oct, 2017 12:00am
'Where have all the good bureaucrats gone'

'Where have all the good bureaucrats gone'

Recently, a parliamentary committee had occasion to bemoan the falling standards of the civil service. Speaker after speaker wistfully recalled the days when the best and the brightest competed for the civil services and competence was their hallmark. Par
Published 05 Oct, 2017 12:00am
Who will guard the guards?
Currency

Who will guard the guards?

Rule of law is a universal principle that makes government decisions subservient to established laws rather than governments using power to influence or bend the laws to their will. Ours being a pretend democracy, elected governments have repeatedly been
Published 05 Oct, 2017 12:00am
Independence or bust: Catalan leader boxed in by his own angry base

Independence or bust: Catalan leader boxed in by his own angry base

Catalonia's pro-independence leader Carles Puigdemont has called for the European Union to mediate with Spain over the region's future, but for many Catalans the intensity of a police crackdown on a banned referendum may mean it is too late for compromise
Published 05 Oct, 2017 12:00am
'Revenue collection shortfall'

'Revenue collection shortfall'

The performance of Federal Board of Revenue, during the first quarter of the current Fiscal Year has been positive and satisfactory, as opposed to the impression conveyed through the an editorial carried by Business Recorder on 4th October 4, 2017.
Published 05 Oct, 2017 12:00am
Pakistan Services Limited
Mutual Funds

Pakistan Services Limited

Pakistan Services Limited primarily operates in the hotel business. The company owns and runs the Pearl Continental (PC) Hotels chain in Pakistan. The PC hotel chain is currently operating in six cities: Karachi, Lahore, Rawalpindi, Bhurban, Peshawar and
Published 05 Oct, 2017 12:00am
Three hardcore terrorists executed in KP jail

Three hardcore terrorists executed in KP jail

Three hardcore terrorists, involved in heinous offences relating to terrorism were executed at a jail in Khyber Pakhtunkhwa (KP) on Wednesday. According to a statement issued here by Inter-Service Public Relations (ISPR), the terrorists were involved in a
Published 05 Oct, 2017 12:00am
Parliamentary panel lauds PCB

Parliamentary panel lauds PCB

A parliamentary panel on Wednesday appreciated Pakistan Cricket Board (PCB) for organising cricket matches at the level of World XI which has opened the doors for the revival of cricket and other sports activities in Pakistan. A meeting of the Standing Co
Published 05 Oct, 2017 12:00am
TCAS developed to avoid train mishaps at level crossings

TCAS developed to avoid train mishaps at level crossings

Pakistan Railways has devised indigenous information technology solution for avoiding train accidents under which the train approaching warning system at level crossings has been finalized and five prototypes will be installed by end-2017 to check the new
Published 05 Oct, 2017 12:00am
Three alleged target killers arrested

Three alleged target killers arrested

Rangers Sindh on Wednesday claimed to have arrested three accused involved in killing of an MQM Pakistan's Union Council (UC) Vice Chairman. A paramilitary spokesman in a detailed statement said an intelligence-driven raid was conducted at Shah Faisal Col
Published 05 Oct, 2017 12:00am
JUI-S to support PTI candidate in NA-4 by-poll

JUI-S to support PTI candidate in NA-4 by-poll

Jamiat-e-Ulema Islam-Samiul Haq group (JUI-S) has announced its support for the ruling Pakistan Tehreek-i-Insaf candidate for the by-election in constituency NA-4, Peshawar IV. The by-poll is scheduled to be held on October 26. JUI-S Central Secretary Inf
Published 05 Oct, 2017 12:00am
Dr Aslam elected PPA Chairman

Dr Aslam elected PPA Chairman

Dr Muhammad Aslam has been elected as Central Chairman Pakistan Poultry Association (PPA) while Dr Arshad Hanif Chaudhry and Ch Muhammad Ashraf have been chosen as Chairman PPA (Northern Zone) and PPA (South Zone) respectively. According to an announced m
Published 05 Oct, 2017 12:00am
Bijarani discusses Ghotki-Ghouspur bridge

Bijarani discusses Ghotki-Ghouspur bridge

Sindh's minister of planning and development, Mir Hazar Khan Bijarani, has said that the Ghotki-Ghouspur Bridge will be designed keeping in view frequent floods, weather conditions and environmental changes of the region and special care will be taken for
Published 05 Oct, 2017 12:00am
WWF-Pakistan seeks MSC certification for fisheries

WWF-Pakistan seeks MSC certification for fisheries

The WWF-Pakistan has sought the Marine Stewardship Council Certification (MSC) for key commercial fisheries especially yellow fin tuna for their high-priced export to the global markets. Fisheries that meet the MSC certification criterion include yellow f
Published 05 Oct, 2017 12:00am
Habib Metro Modaraba listed on PSX: trading to begin tomorrow
Exchange

Habib Metro Modaraba listed on PSX: trading to begin tomorrow

Pakistan Stock Exchange (PSX) has approved the application for formal listing and quotation of certificates of Habib Metro Modaraba on completion of relevant requirements under the Listing of Companies and Securities Regulations of the Exchange. The PSX W
Published 05 Oct, 2017 12:00am
Tetra Pak acquires Big Drum Engineering GmbH

Tetra Pak acquires Big Drum Engineering GmbH

Tetra Pak has strengthened its product offering for ice cream manufacturers with the acquisition of Big Drum Engineering GmbH, a leading supplier of filling machines for the industry. The deal further extends the company's ability to provide end-to-end so
Published 05 Oct, 2017 12:00am
Rafique Suleman takes charge of REAP's senior vice chairman
Exchange

Rafique Suleman takes charge of REAP's senior vice chairman

Rafique Suleman has taken charge as Senior Vice Chairman of Rice Exporters Association of Pakistan (REAP) for 2017-18. Annual elections of REAP were held in North and South Zones simultaneously. In South Zone, all the (5) candidates for the Managing Commi
Published 05 Oct, 2017 12:00am
POL discovers oil, gas in Attock
Exchange

POL discovers oil, gas in Attock

Pakistan Oilfields Limited (POL) has made a significant oil and gas discovery in its Ikhlas Block, located in northern Potward, Attock District. According to POL material information sent to Pakistan Stock Exchange on Wednesday, the block is located in a
Published 05 Oct, 2017 12:00am
Heatwave forecast for Karachi

Heatwave forecast for Karachi

The Met Office on Wednesday forecast heat waves for Karachi with a maximum temperature scaling up to 37 degrees Celsius with warmer weather conditions on Thursday and Friday. Humidity level is likely to reach 85 percent, it warned, saying that the city's
Published 05 Oct, 2017 12:00am
Missing KU professor reaches home

Missing KU professor reaches home

University of Karachi Professor Dr Muhammad Ismail, who was earlier reported missing, reached home safely on Wednesday. Dr Ismail, who teaches at the department of Islamic Studies (Usool-ud-Din), went missing on September 15, according to his family. The
Published 05 Oct, 2017 12:00am
Opportunities for Pakistani Kinnow exports in Indonesia

Opportunities for Pakistani Kinnow exports in Indonesia

As a result of prolonged discussions at highest level and in an effort to increase Pakistan's exports, Indonesia has agreed to allow export of Pakistani Kinnow starting from December till April. Previously it was allowed for only January - April. Permissi
Published 05 Oct, 2017 12:00am
HHRD to set up rehabilitation centre, neuro hospital in Karachi

HHRD to set up rehabilitation centre, neuro hospital in Karachi

A US-based Islamic charitable organization, Helping Hand for Relief and Development (HHRD) has announced establishment of a comprehensive rehabilitation centre and neurological diseases hospital in Karachi at the cost of Rs 1 billion, saying it would a gi
Published 05 Oct, 2017 12:00am
Gold turns up in New York

Gold turns up in New York

Gold on Tuesday rose above a seven-week low as the US dollar came off its highs. Bullion was pressured earlier by strong US economic data that reinforced expectations of another US interest rate increase this year and pushed the dollar and US bond yields
Published 05 Oct, 2017 12:00am
Tight supplies propel zinc prices to highest since 2007
Exchange

Tight supplies propel zinc prices to highest since 2007

Zinc prices hit their highest in more than 10 years on Wednesday as tight supplies created by mine closures and healthy demand from top consumer China boosted the market. Benchmark zinc on the London Metal Exchange ended up 1.2 percent higher at $3,302 a
Published 05 Oct, 2017 12:00am
Oil slips after surprising increase in US crude exports

Oil slips after surprising increase in US crude exports

Oil prices fell on Wednesday after a surprising jump in US crude exports to a record 2 million barrels per day fanned worries about global oversupply. US crude stockpiles fell sharply last week, but crude exports rose to 1.98 million bpd, the Energy Infor
Published 05 Oct, 2017 12:00am
Rubber gains
Exchange

Rubber gains

Benchmark Tokyo rubber futures extended gains into a third day on Wednesday to hit a 1-week high, backed by firmer Japanese equities and a brightening economic outlook for China, the world's biggest rubber buyer. The Tokyo Commodity Exchange (TOCOM) rubbe
Published 05 Oct, 2017 12:00am
Palm oil hits one-week high on technical buying
Vegetable Oil

Palm oil hits one-week high on technical buying

Malaysian palm oil futures hit one-week highs on Wednesday, supported by technical buying and expectations of a slight rise in end-September inventory levels. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange
Published 05 Oct, 2017 12:00am
White sugar futures jump, arabica coffee pares losses

White sugar futures jump, arabica coffee pares losses

White sugar futures jumped to a two-week high on Wednesday, as potentially tight short-term supply spurred short-covering and briefly lifted the December contract to a premium over March for the first time in six months. Arabica coffee pared losses after
Published 05 Oct, 2017 12:00am
NBP to have its branch in China by next year: Senate panel told

NBP to have its branch in China by next year: Senate panel told

Pakistan will be able to open National Bank of Pakistan (NBP) branch in China by next year after getting the license amid concerns by the bank management that pension case judgment may jeopardize it. While briefing to the meeting of Senate Standing Commit
Published 05 Oct, 2017 12:00am
Sufi elected Pakistan Soap Manufacturers Association chairman

Sufi elected Pakistan Soap Manufacturers Association chairman

Tanvir Ahmed Sufi has been elected unopposed Chairman Pakistan Soap Manufacturers Association. Member FBR Customs, Zubair Khokhar and business dignitaries were also present. Speaking on the occasion Tanvir Ahmed Sufi stressed the need for simplification o
Published 05 Oct, 2017 12:00am
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