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Nov 18, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-10-12
Soneri Bank's consumer loan origination system automated

Soneri Bank's consumer loan origination system automated

Soneri Bank Limited is automating its consumer loan origination process by implementing BenchMatrix'sRiskNucleus Consumer Loan Origination system across its network of over 285 branches Pan-Pakistan. This system will transform the bank towards a paper-les
Published 12 Oct, 2017 12:00am
UBL, PMIC sign MoU to digitize microfinance operations

UBL, PMIC sign MoU to digitize microfinance operations

United Bank Limited (UBL) and Pakistan Microfinance Investment Company (PMIC) recently signed an MoU to digitize microfinance operations across the country. PMIC was represented by Zubyr Soomro, Chairman PMIC and UBL was represented by Sima Kamil, Preside
Published 12 Oct, 2017 12:00am
Nine killed in Larkana road mishap

Nine killed in Larkana road mishap

Nine people including women who died in a road mishap were laid to rest amid tears and sobs here on Wednesday.Moving scenes were witnessed during the funeral processions of nine people including two women and a girl in Goth Hyder Brohi of Larkana.
Published 12 Oct, 2017 12:00am
Karachi sizzles at 42° Celsius

Karachi sizzles at 42° Celsius

Mercury continues to scorch Karachi, as Met Office on Wednesday forecast heat wave with a maximum 42 degrees Celsius for Thursday and Friday. Temperature during the day went up to 42 degrees Celsius in the city as heat wave tore at 12 nautical miles an ho
Published 12 Oct, 2017 12:00am
Growers urged to remove weeds from crops

Growers urged to remove weeds from crops

The Met Office on Wednesday asked growers to remove weeds from standing crops manually or herbicides sprays to help yield grow. It warned the farmers of a considerable yield loss from weeds growth, saying that growers should evolve plans to irrigate crops
Published 12 Oct, 2017 12:00am
Auction for MTBs: government mops up Rs 785 billion

Auction for MTBs: government mops up Rs 785 billion

The federal government Wednesday borrowed some Rs 785 billion through the auction for short-term government papers. The State Bank of Pakistan (SBP) conducted the auction on Oct 11, 2017 for the sale of 3-month, 6-month and 12-month Government of Pakistan
Published 12 Oct, 2017 12:00am
Etihad Airways to launch Abu Dhabi-Baku scheduled flights

Etihad Airways to launch Abu Dhabi-Baku scheduled flights

Etihad Airways has announced plans to launch scheduled flights between Abu Dhabi, the capital of the United Arab Emirates, and Baku, the capital city of the Republic of Azerbaijan, effective March 2, 2018. The new route is being introduced to capitalise o
Published 12 Oct, 2017 12:00am
Baldia factory probe reports: SHC seeks reply from Sindh government

Baldia factory probe reports: SHC seeks reply from Sindh government

Sindh High Court (SHC) on Wednesday sought a reply from the provincial government over a petition seeking the release of three key inquiry reports into Baldia Factory fire, Nisar Morai's involvement in murder of former Pakistan Steel Mills (PSM) chairpers
Published 12 Oct, 2017 12:00am
PBC calls for formulating national food standards

PBC calls for formulating national food standards

The Pakistan Business Council has proposed the creation of an inter-provincial committee under the Ministry of Science and Technology for formulation of harmonized national food standards in line with the Codex Alimentarius. The committee should include r
Published 12 Oct, 2017 12:00am
Sindh government extends Rangers special powers for 90 days

Sindh government extends Rangers special powers for 90 days

Sindh Chief Minister Syed Murad Ali Shah on Wednesday extended special policing powers granted to the Rangers for 90 days within Karachi. According to the details, the CM approved a summary extending the powers granted to the paramilitary force under Sect
Published 12 Oct, 2017 12:00am
Bangkok flights: PIA offers 40 percent discount

Bangkok flights: PIA offers 40 percent discount

PIA has announced a special offer for valued passengers on Bangkok destination. The airline is offering 40 percent discount for travel between Karachi and Bangkok. PIA as an introductory offer on its 3 weekly flights to Bangkok has reduced its fare also w
Published 12 Oct, 2017 12:00am
KP completes three power projects this month: minister

KP completes three power projects this month: minister

Khyber Pakhtunkhwa Minister for Energy Atif Khan on Tuesday said the provincial government has completed three power projects of 56MW in current month which would soon start power supply. Presiding over a review meeting of Energy department, he said work
Published 12 Oct, 2017 12:00am
Ecolean to expand its operations in Pakistan

Ecolean to expand its operations in Pakistan

Ecolean, the global producer of lightweight packaging solutions for liquid food, for chilled and ambient distribution, as part of its continuous growth strategy, has announced its expansion plan with a new factory in Pakistan.
Published 12 Oct, 2017 12:00am
KP-Fata merger: JUI-F suggest referendum

KP-Fata merger: JUI-F suggest referendum

Chairman Jamiat Ulema-e-Islam Fazl (JUI-F) Maulana Fazlur Rehman Wednesday said that a referendum should be held in Federally Administered Tribal Areas (FATA) to know the opinion of the people either they want a merger with Khyber Pakhtunkhwa or a separat
Published 12 Oct, 2017 12:00am
JI slams India's increasing water aggression

JI slams India's increasing water aggression

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq has said that if the government remained indifferent to India's increasing water aggression, Pakistan would soon become a desert. According to media cell of JI Lahore, while talking to the media in P
Published 12 Oct, 2017 12:00am
KP-Fata merger: PTI decides to approach SC

KP-Fata merger: PTI decides to approach SC

Pakistan Tehreek-e-Insaf (PTI) on Wednesday decided to approach the Supreme Court over the delaying tactics of the government in merging Federally Administered tribal Areas (FATA) into Khyber Pakhtunkhwa. A statement issued by PTI central media cell said
Published 12 Oct, 2017 12:00am
Report of IB: Aitzaz calls for formation of probe body

Report of IB: Aitzaz calls for formation of probe body

Opposition Leader in Senate Aitzaz Ahsan on Wednesday called for formation of a committee to probe into a report of Intelligence Bureau - the top civilian spy agency - which exposed that 37 lawmakers, including two senators, have links with terrorist outf
Published 12 Oct, 2017 12:00am
NHA, NAB hold seminar against corruption

NHA, NAB hold seminar against corruption

A seminar on "United against Corruption for a Prosperous Pakistan" was held under the joint auspices of the National Highway Authority (NHA) and National Accountability Bureau (NAB) at NHA headquarters here today. Additional Director Awareness & Preventio
Published 12 Oct, 2017 12:00am
Concern voiced over arrest of Bangladesh's JI chief

Concern voiced over arrest of Bangladesh's JI chief

Secretary General of Jamaat-e-Islami Women's Wing, Durdana Siddique, has expressed her serious concern on the arrest of Ameer JI Bangladesh and other leaders by the Bangladeshi Government. In her statement she said that Sheikh Haseena Wajid is making the
Published 12 Oct, 2017 12:00am
PPP won't tolerate attacks on women: Bilawal

PPP won't tolerate attacks on women: Bilawal

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari has said that better grooming, education and protection to our girl children is their basic right hence the government and the society are bound to provide the same.
Published 12 Oct, 2017 12:00am
NA bodies' chairmen elected

NA bodies' chairmen elected

The Standing Committees on Narcotics Control, Privatization and Postal Services have elected their chairmen. In this regard, meetings for the elections of chairmen of the Standing Committees on Narcotics Control, Privatization and Postal Services were hel
Published 12 Oct, 2017 12:00am
Jadhav case: ex-CJP Jillani to be judge ad hoc at ICJ

Jadhav case: ex-CJP Jillani to be judge ad hoc at ICJ

Pakistan has nominated former chief justice Tassaduq Hussain Jillani to be its Judge Ad hoc in Kulbhushan Jadhav case in the International Court of Justice (ICJ) and it was also communicated to the court on Wednesday, Foreign Office said. Foreign Office S
Published 12 Oct, 2017 12:00am
Senate's resolution embarrasses government

Senate's resolution embarrasses government

The Senate Wednesday adopted a joint resolution moved by opposition with a majority vote, stating that a person not eligible to be elected as a member of the Parliament on account of being disqualified to be a lawmaker should not become an office-bearer o
Published 12 Oct, 2017 12:00am
Afghanistan's stability vital for peace in the region: Dastgir

Afghanistan's stability vital for peace in the region: Dastgir

Defence Minister Khurram Dastgir Wednesday said that stability and prosperity of Afghanistan is important to bring peace and stability to the region. Talking to Iranian Ambassador Mehdi Honardoost, he expressed the hope that Pakistan-Iran bilateral relati
Published 12 Oct, 2017 12:00am
PPP, MQM MNAs stage walkout

PPP, MQM MNAs stage walkout

Pakistan People's Party (PPP) and Muttahida Qaumi Movement (MQM) Wednesday staged a token walkout from National Assembly to protest the attitude of Pakistan Muslim League-Nawaz (PML-N) government and its lack of interest in revival of Pakistan Steel Mills
Published 12 Oct, 2017 12:00am
Plea to exempt traders filing IT returns from audit

Plea to exempt traders filing IT returns from audit

Chairman Federal Board of Revenue (FBR) Tariq Mahmood Pasha Wednesday received a tax policy proposal of Rawalpindi Chamber of Commerce (RCCI) to exempt traders, filing income tax returns, from Tax Audit as an incentive to encourage compliance.
Published 12 Oct, 2017 12:00am
Provision of facilities top priority, KP Governor

Provision of facilities top priority, KP Governor

A delegation from Mohmand Agency led by MNA Bilal ur Rehman called on the Governor Khyber Pakhtunkhwa Engr Iqbal Zafar Jhagra at Governor's House, Peshawar on Wednesday. The delegation highlighted some of the problems which the people of their area are fa
Published 12 Oct, 2017 12:00am
Economic impasse outcome of Nawaz's ouster: Saad

Economic impasse outcome of Nawaz's ouster: Saad

Federal Minister for Railways, Khawaja Saad Rafique Wednesday said that conspiracies hatched by political and non-political forces led to removal of an elected prime minister in a controversial way and this has created an uncertain political situation imp
Published 12 Oct, 2017 12:00am
Italian envoy calls on Sartaj Aziz

Italian envoy calls on Sartaj Aziz

The Italian Ambassador Stefano Pontecorvo on Wednesday called on Sartaj Aziz, Deputy Chairman, Planning Commission. He was accompanied by Roberto Puddu, the Commercial Counsellor of the Embassy. Sartaj Aziz expressed his satisfaction at the recent increas
Published 12 Oct, 2017 12:00am
Proposal on borrowing
Exchange

Proposal on borrowing

It is indeed a matter of great satisfaction that the federal cabinet which met on Tuesday decided defer proposal on borrowing from global capital market. It has been reported by Business Recorder that the federal cabinet has deferred a proposal of
Published 12 Oct, 2017 12:00am
Indian traders choking on Modi's economic medicine

Indian traders choking on Modi's economic medicine

Tax overhauls and black market clampdowns have been touted as radical medicine to modernise India's economy, but for small traders like Swarn Singh Darera, "Modinomics" has been a bitter pill to swallow. At his factory in the northern Punjab city of Ludhi
Published 12 Oct, 2017 12:00am
LNG controversy

LNG controversy

LNG contract with Qatar has become a hot political topic. The contract was handled by the P.M. Abbasi when he was Minister of Petroleum although he continues to hold the charge of Ministry of Energy which has recently been formed through the merger of Min
Published 12 Oct, 2017 12:00am
Sheep dreaming of androids?

Sheep dreaming of androids?

Android: robot with a human appearance. Do Androids dream of electric sheep: 1968 science-fiction by Patrick Dick that formed the basis of 1982 film Blade Runner and its sequel Blade Runner 2049. Animals were in short supply following the nuclear devastat
Published 12 Oct, 2017 12:00am
State's 'monopoly' on Jehad

State's 'monopoly' on Jehad

Interior Minister Ahsan Iqbal's approach to the challenges of terrorism and militancy appears to be quite different from that of his predecessor, Chaudhry Nisar Ali Khan. Unlike Nisar's argument that not all proscribed religious and sectarian outfits fall
Published 12 Oct, 2017 12:00am
More loans the short-term option
Exchange

More loans the short-term option

According to a Business Recorder exclusive, the federal government is considering floating bonds (Eurobonds and sukuk) in the international market to strengthen the declining foreign exchange reserves (plummeting to 13.8 billion dollars by Septembe
Published 12 Oct, 2017 12:00am
China to sell first dollar bonds for 13 years

China to sell first dollar bonds for 13 years

China on Wednesday announced plans to sell its first dollar-denominated sovereign bonds for 13 years despite recent downgrades to its credit rating. The $2 billion offering, announced by the finance ministry, is a drop in the bucket for China, which has s
Published 12 Oct, 2017 12:00am
China to sell first dollar bonds for 13 years

China to sell first dollar bonds for 13 years

China on Wednesday announced plans to sell its first dollar-denominated sovereign bonds for 13 years despite recent downgrades to its credit rating. The $2 billion offering, announced by the finance ministry, is a drop in the bucket for China, which has s
Published 12 Oct, 2017 12:00am
China to sell first dollar bonds for 13 years

China to sell first dollar bonds for 13 years

China on Wednesday announced plans to sell its first dollar-denominated sovereign bonds for 13 years despite recent downgrades to its credit rating. The $2 billion offering, announced by the finance ministry, is a drop in the bucket for China, which has s
Published 12 Oct, 2017 12:00am
China to sell first dollar bonds for 13 years

China to sell first dollar bonds for 13 years

China on Wednesday announced plans to sell its first dollar-denominated sovereign bonds for 13 years despite recent downgrades to its credit rating. The $2 billion offering, announced by the finance ministry, is a drop in the bucket for China, which has s
Published 12 Oct, 2017 12:00am
The Weather

The Weather

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

Published 12 Oct, 2017 12:00am
India's top court rules sex with an underage wife is rape

India's top court rules sex with an underage wife is rape

India's top court on Wednesday ruled that a man is committing rape if he engages in sexual intercourse with his wife who is aged between 15 and 18, a landmark decision that will affect millions of child brides. The legal age of consent is 18 years. The la
Published 12 Oct, 2017 12:00am
Bullion Rates

Bullion Rates

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

Published 12 Oct, 2017 12:00am
India's top court rules sex with an underage wife is rape

India's top court rules sex with an underage wife is rape

India's top court on Wednesday ruled that a man is committing rape if he engages in sexual intercourse with his wife who is aged between 15 and 18, a landmark decision that will affect millions of child brides. The legal age of consent is 18 years. The la
Published 12 Oct, 2017 12:00am
Bullion Rates

Bullion Rates

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

Published 12 Oct, 2017 12:00am
Western route of CPEC: panel recommends allocation of funds

Western route of CPEC: panel recommends allocation of funds

The government was urged on Wednesday for allocation of adequate funds for construction of roads in Balochistan province as well as western route of China-Pakistan Economic Corridor. This was requested during a meeting of the Functional Committee on Probl
Published 12 Oct, 2017 12:00am
Western route of CPEC: panel recommends allocation of funds

Western route of CPEC: panel recommends allocation of funds

The government was urged on Wednesday for allocation of adequate funds for construction of roads in Balochistan province as well as western route of China-Pakistan Economic Corridor. This was requested during a meeting of the Functional Committee on Probl
Published 12 Oct, 2017 12:00am
Western route of CPEC: panel recommends allocation of funds

Western route of CPEC: panel recommends allocation of funds

The government was urged on Wednesday for allocation of adequate funds for construction of roads in Balochistan province as well as western route of China-Pakistan Economic Corridor. This was requested during a meeting of the Functional Committee on Probl
Published 12 Oct, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

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

Published 12 Oct, 2017 12:00am
There's no mis-declaration, Tareen's counsel tells SC

There's no mis-declaration, Tareen's counsel tells SC

The Supreme Court on Wednesday observed that Pakistan Muslim League-Nawaz (PML-N) leader Hanif Abbasi has alleged that General Secretary of Pakistan Tehreek-e-Insaf (PTI) Jehangir Khan Tareen concealed agriculture income from leased land while filing nomi
Published 12 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 11, 2017)

Published 12 Oct, 2017 12:00am
There's no mis-declaration, Tareen's counsel tells SC

There's no mis-declaration, Tareen's counsel tells SC

The Supreme Court on Wednesday observed that Pakistan Muslim League-Nawaz (PML-N) leader Hanif Abbasi has alleged that General Secretary of Pakistan Tehreek-e-Insaf (PTI) Jehangir Khan Tareen concealed agriculture income from leased land while filing nomi
Published 12 Oct, 2017 12:00am
PTCL posts profit of Rs 6.5 billion during first nine months
Exchange

PTCL posts profit of Rs 6.5 billion during first nine months

PTCL announced the financial results for the nine months'''' period ended September 30, 2017 in its Board of Directors'''' meeting held in Islamabad on Thursday. PTCL earned Rs 52.8 billion revenue during first nine months of 2017. PTCL''''s flagship Fixe
Published 12 Oct, 2017 12:00am
PTCL posts profit of Rs 6.5 billion during first nine months
Exchange

PTCL posts profit of Rs 6.5 billion during first nine months

PTCL announced the financial results for the nine months'' period ended September 30, 2017 in its Board of Directors'' meeting held in Islamabad on Thursday. PTCL earned Rs 52.8 billion revenue during first nine months of 2017. PTCL''s flagship Fixed Broa
Published 12 Oct, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 12 Oct, 2017 12:00am
PTCL posts profit of Rs 6.5 billion during first nine months
Exchange

PTCL posts profit of Rs 6.5 billion during first nine months

PTCL announced the financial results for the nine months' period ended September 30, 2017 in its Board of Directors' meeting held in Islamabad on Thursday. PTCL earned Rs 52.8 billion revenue during first nine months of 2017. PTCL's flagship Fixed Broadba
Published 12 Oct, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 12 Oct, 2017 12:00am
PTCL posts profit of Rs 6.5 billion during first nine months
Exchange

PTCL posts profit of Rs 6.5 billion during first nine months

PTCL announced the financial results for the nine months' period ended September 30, 2017 in its Board of Directors' meeting held in Islamabad on Thursday. PTCL earned Rs 52.8 billion revenue during first nine months of 2017. PTCL's flagship Fixed Broadba
Published 12 Oct, 2017 12:00am
National flag carrier: SAFA inspection index rises to critical level

National flag carrier: SAFA inspection index rises to critical level

Safety Assessment of Foreign Aircraft (SAFA) inspection index for Pakistan International Airlines (PIA) has risen to critical level; it was learnt. According to sources, the recent SAFA inspections revealed that PIA SAFA index has risen to a critical leve
Published 12 Oct, 2017 12:00am
National flag carrier: SAFA inspection index rises to critical level

National flag carrier: SAFA inspection index rises to critical level

Safety Assessment of Foreign Aircraft (SAFA) inspection index for Pakistan International Airlines (PIA) has risen to critical level; it was learnt. According to sources, the recent SAFA inspections revealed that PIA SAFA index has risen to a critical leve
Published 12 Oct, 2017 12:00am
THE RUPEE: dollar at Rs 107.30
Currency

THE RUPEE: dollar at Rs 107.30

The rupee extended overnight fall against the dollar on the money market on Wednesday in the process of trading, dealers said.
Published 12 Oct, 2017 12:00am
National flag carrier: SAFA inspection index rises to critical level

National flag carrier: SAFA inspection index rises to critical level

Safety Assessment of Foreign Aircraft (SAFA) inspection index for Pakistan International Airlines (PIA) has risen to critical level; it was learnt. According to sources, the recent SAFA inspections revealed that PIA SAFA index has risen to a critical leve
Published 12 Oct, 2017 12:00am
THE RUPEE: dollar at Rs 107.30
Currency

THE RUPEE: dollar at Rs 107.30

The rupee extended overnight fall against the dollar on the money market on Wednesday in the process of trading, dealers said.
Published 12 Oct, 2017 12:00am
Sherry not allowed to discuss Safdar's remarks

Sherry not allowed to discuss Safdar's remarks

Chairman Senate Raza Rabbani on Wednesday disappointed the liberal progressive class by barring Senator Sherry Rehman from speaking against a hate speech delivered by Captain Muhammad Safdar (retd) against Ahmedis in the National Assembly. Rabbani, a left
Published 12 Oct, 2017 12:00am
Sherry not allowed to discuss Safdar's remarks

Sherry not allowed to discuss Safdar's remarks

Chairman Senate Raza Rabbani on Wednesday disappointed the liberal progressive class by barring Senator Sherry Rehman from speaking against a hate speech delivered by Captain Muhammad Safdar (retd) against Ahmedis in the National Assembly. Rabbani, a left
Published 12 Oct, 2017 12:00am
Ukraine detains two top defence officials in graft case
Exchange

Ukraine detains two top defence officials in graft case

Ukraine's anti-corruption bureau said Wednesday it had detained a deputy defence minister and another top military official for allegedly embezzling millions in state funding through an illegal oil-purchase scheme. The announcement was the highest-profile
Published 12 Oct, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (October 11, 2017).

Published 12 Oct, 2017 12:00am
AG, minister mull over GSP Plus status

AG, minister mull over GSP Plus status

Attorney General for Pakistan Ashtar Ali Ausaf and Federal Commerce Minister Pervaiz Malik deliberated upon legal aspects of continuation of GSP Plus status in the country to develop a comprehensive approach and prepare a mid-term review plan due in Janua
Published 12 Oct, 2017 12:00am
AG, minister mull over GSP Plus status

AG, minister mull over GSP Plus status

Attorney General for Pakistan Ashtar Ali Ausaf and Federal Commerce Minister Pervaiz Malik deliberated upon legal aspects of continuation of GSP Plus status in the country to develop a comprehensive approach and prepare a mid-term review plan due in Janua
Published 12 Oct, 2017 12:00am
Trade deficit widens by $9 billion in first quarter fiscal year 2018

Trade deficit widens by $9 billion in first quarter fiscal year 2018

The country''s trade deficit widened by $9.088 billion during the first quarter of the current fiscal year (July-September 2017). The deficit is higher by 29.75 percent over $7.004 billion for the same period of last fiscal year, Pakistan Bureau of Statis
Published 12 Oct, 2017 12:00am
Trade deficit widens by $9 billion in first quarter fiscal year 2018

Trade deficit widens by $9 billion in first quarter fiscal year 2018

The country's trade deficit widened by $9.088 billion during the first quarter of the current fiscal year (July-September 2017). The deficit is higher by 29.75 percent over $7.004 billion for the same period of last fiscal year, Pakistan Bureau of Statist
Published 12 Oct, 2017 12:00am
Trade deficit widens by $9 billion in first quarter fiscal year 2018

Trade deficit widens by $9 billion in first quarter fiscal year 2018

The country's trade deficit widened by $9.088 billion during the first quarter of the current fiscal year (July-September 2017). The deficit is higher by 29.75 percent over $7.004 billion for the same period of last fiscal year, Pakistan Bureau of Statist
Published 12 Oct, 2017 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 12 Oct, 2017 12:00am
Government disputes World Bank report

Government disputes World Bank report

Finance Ministry on Wednesday said the report released to media by an international financial institution was based on misinterpretation of standard definition of the gross financing needs of the country. In a statement issued here, Spokesman for the Mini
Published 12 Oct, 2017 12:00am
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