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FFL 15.76 Decreased By ▼ -0.15 (-0.94%)
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Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-10-25
US MIDDAY: soyabeans fall

US MIDDAY: soyabeans fall

US soyabean futures eased on Tuesday after a US government report showed that farmers had increased their pace of harvesting what is expected to be a massive crop after a slow start, analysts said.Corn and wheat futures were close to unchanged, with the s
Published 25 Oct, 2017 12:00am
Gold slips in Europe

Gold slips in Europe

Gold prices dipped on Tuesday as investors nervously awaited news on the next head of the US central bank, while strong share markets and a calmer geopolitical environment sapped safe-haven demand. "The hawkish speculation about a new Fed chair has added
Published 25 Oct, 2017 12:00am
Gold down in Asia
Currency

Gold down in Asia

Gold traded sideways on Tuesday, with investors bracing for the possibility of an early announcement on the next US Federal Reserve chair. Spot gold slipped 0.1 percent to $1,280.80 an ounce by 0700 GMT, after hitting its lowest since October 6 at $1,271.
Published 25 Oct, 2017 12:00am
Gold plunges in New York

Gold plunges in New York

Gold prices touched an over two-week low on Monday before paring losses as chart signals helped offset pressure from a stronger dollar and an early advance in equities. Spot gold was down 0.01 percent at $1,280.43 per ounce by 2:53 pm EDT (1853 GMT), pari
Published 25 Oct, 2017 12:00am
Cocoa extends losses, sugar jumps

Cocoa extends losses, sugar jumps

Cocoa futures on ICE fell on Tuesday, as prices extended their correction lower, dropping for the third straight session following last week's grind data while the New York market felt additional pressure from the weak British pound. Sugar prices rallied
Published 25 Oct, 2017 12:00am
Amazon rivals turn to legal fine print to stem Whole Foods strategy

Amazon rivals turn to legal fine print to stem Whole Foods strategy

Whole Foods Market met a new foe this summer during talks to lease a top retail space in a San Francisco mall: the Target next door. As City Center mall's largest tenant, Target Corp had a say over changes to the property. According to people familiar wit
Published 25 Oct, 2017 12:00am
Gunvor, Gas Natural Fenosa submit lowest bids in LNG tender

Gunvor, Gas Natural Fenosa submit lowest bids in LNG tender

Commodities trader Gunvor and Spain's Gas Natural Fenosa put in the lowest bids in a tender to supply Pakistan with four liquefied natural gas (LNG) cargoes in January, a document posted on Pakistan LNG Ltd's website show. The state-run importer launched
Published 25 Oct, 2017 12:00am
Gunvor, Gas Natural Fenosa submit lowest bids in LNG tender

Gunvor, Gas Natural Fenosa submit lowest bids in LNG tender

Commodities trader Gunvor and Spain''s Gas Natural Fenosa put in the lowest bids in a tender to supply Pakistan with four liquefied natural gas (LNG) cargoes in January, a document posted on Pakistan LNG Ltd''s website show. The state-run importer launche
Published 25 Oct, 2017 12:00am
BRIndex100 sheds 18.32 points
Exchange

BRIndex100 sheds 18.32 points

Despite foreign buying, Pakistan Stock Exchange Tuesday witnessed a bearish trend as local investors opted to offload their holdings on available levels. BRIndex100 lost 18.32 points or 0.41 percent to close at 4,435.75 points. BRIndex100 touched intraday
Published 25 Oct, 2017 12:00am
BRIndex100 sheds 18.32 points
Exchange

BRIndex100 sheds 18.32 points

Despite foreign buying, Pakistan Stock Exchange Tuesday witnessed a bearish trend as local investors opted to offload their holdings on available levels. BRIndex100 lost 18.32 points or 0.41 percent to close at 4,435.75 points. BRIndex100 touched intraday
Published 25 Oct, 2017 12:00am
BRIndex100 sheds 18.32 points
Exchange

BRIndex100 sheds 18.32 points

Despite foreign buying, Pakistan Stock Exchange Tuesday witnessed a bearish trend as local investors opted to offload their holdings on available levels. BRIndex100 lost 18.32 points or 0.41 percent to close at 4,435.75 points. BRIndex100 touched intraday
Published 25 Oct, 2017 12:00am
'Taliban havens' allegation: Tillerson gets frosty welcome

'Taliban havens' allegation: Tillerson gets frosty welcome

United States on Tuesday repeated the "do more" mantra, reiterating that "Pakistan must increase its efforts to eradicate militants and terrorists operating within the country". US Secretary of State Rex Tillerson who arrived here on his inaugural brief v
Published 25 Oct, 2017 12:00am
'Taliban havens' allegation: Tillerson gets frosty welcome

'Taliban havens' allegation: Tillerson gets frosty welcome

United States on Tuesday repeated the "do more" mantra, reiterating that "Pakistan must increase its efforts to eradicate militants and terrorists operating within the country". US Secretary of State Rex Tillerson who arrived here on his inaugural brief v
Published 25 Oct, 2017 12:00am
Xi joins Mao in Communist constitution

Xi joins Mao in Communist constitution

Xi Jinping was elevated to the pantheon of China's most powerful leaders Tuesday as his name was enshrined in the Communist Party constitution alongside Chairman Mao. The inclusion of Xi's eponymous guiding philosophy at the end of a week-long congress co
Published 25 Oct, 2017 12:00am
Xi joins Mao in Communist constitution

Xi joins Mao in Communist constitution

Xi Jinping was elevated to the pantheon of China's most powerful leaders Tuesday as his name was enshrined in the Communist Party constitution alongside Chairman Mao. The inclusion of Xi's eponymous guiding philosophy at the end of a week-long congress co
Published 25 Oct, 2017 12:00am
Board Meetings
Cotton

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 25 Oct, 2017 12:00am
Berkshire property: Tareen asked to provide money trail
Exchange

Berkshire property: Tareen asked to provide money trail

Supreme Court on Tuesday directed Pakistan Tehreek-e-Insaf (PTI) secretary general Jehangir Khan Tareen to submit money trail of his residential property in Berkshire, England, which is owned by a Trust of an offshore company - Shiny View Limited. A three
Published 25 Oct, 2017 12:00am
Berkshire property: Tareen asked to provide money trail
Exchange

Berkshire property: Tareen asked to provide money trail

Supreme Court on Tuesday directed Pakistan Tehreek-e-Insaf (PTI) secretary general Jehangir Khan Tareen to submit money trail of his residential property in Berkshire, England, which is owned by a Trust of an offshore company - Shiny View Limited. A three
Published 25 Oct, 2017 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 25 Oct, 2017 12:00am
Press freedom in Balochistan termed 'extremely bad'

Press freedom in Balochistan termed 'extremely bad'

The Council of Pakistan Newspaper Editors (CPNE) has declared the prevailing situation regarding press freedom in Balochistan as extremely bad and contrary to democratic standards. According to a press release issued on Tuesday, the overall situation rega
Published 25 Oct, 2017 12:00am
Presentation at P.S.X. Auditorium

Presentation at P.S.X. Auditorium

Presentation at P.S.X. Auditorium (only for TRE certificate holders and their authorised employees).

Published 25 Oct, 2017 12:00am
Press freedom in Balochistan termed 'extremely bad'

Press freedom in Balochistan termed 'extremely bad'

The Council of Pakistan Newspaper Editors (CPNE) has declared the prevailing situation regarding press freedom in Balochistan as extremely bad and contrary to democratic standards. According to a press release issued on Tuesday, the overall situation rega
Published 25 Oct, 2017 12:00am
Einstein note on happy living sells for $1.56 million

Einstein note on happy living sells for $1.56 million

A note that Albert Einstein gave to a courier in Tokyo briefly describing his theory on happy living sold at auction in Jerusalem on Tuesday for $1.56 million, the auction house said. The winning bid for the note far exceeded the pre-auction estimate of b
Published 25 Oct, 2017 12:00am
Einstein note on happy living sells for $1.56 million

Einstein note on happy living sells for $1.56 million

A note that Albert Einstein gave to a courier in Tokyo briefly describing his theory on happy living sold at auction in Jerusalem on Tuesday for $1.56 million, the auction house said. The winning bid for the note far exceeded the pre-auction estimate of b
Published 25 Oct, 2017 12:00am
Einstein note on happy living sells for $1.56 million

Einstein note on happy living sells for $1.56 million

A note that Albert Einstein gave to a courier in Tokyo briefly describing his theory on happy living sold at auction in Jerusalem on Tuesday for $1.56 million, the auction house said. The winning bid for the note far exceeded the pre-auction estimate of b
Published 25 Oct, 2017 12:00am
Allied Bank posts Rs 9.73 billion PAT in nine months

Allied Bank posts Rs 9.73 billion PAT in nine months

Banking sector's performance remained suppressed owing to multifarious challenges during the period under review. Under the circumstance, Allied Bank continued to follow the strategy of sustainable growth, while diversifying asset mix supported by improve
Published 25 Oct, 2017 12:00am
Allied Bank posts Rs 9.73 billion PAT in nine months

Allied Bank posts Rs 9.73 billion PAT in nine months

Banking sector's performance remained suppressed owing to multifarious challenges during the period under review. Under the circumstance, Allied Bank continued to follow the strategy of sustainable growth, while diversifying asset mix supported by improve
Published 25 Oct, 2017 12:00am
Allied Bank posts Rs 9.73 billion PAT in nine months

Allied Bank posts Rs 9.73 billion PAT in nine months

Banking sector''s performance remained suppressed owing to multifarious challenges during the period under review. Under the circumstance, Allied Bank continued to follow the strategy of sustainable growth, while diversifying asset mix supported by improv
Published 25 Oct, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (October 24, 2017).

Published 25 Oct, 2017 12:00am
Allied Bank posts Rs 9.73 billion PAT in nine months

Allied Bank posts Rs 9.73 billion PAT in nine months

Banking sector''''s performance remained suppressed owing to multifarious challenges during the period under review. Under the circumstance, Allied Bank continued to follow the strategy of sustainable growth, while diversifying asset mix supported by impr
Published 25 Oct, 2017 12:00am
New cyber attack hits Russia and Ukraine

New cyber attack hits Russia and Ukraine

A cyber attack hit a Ukrainian international airport and three Russian media outlets on Tuesday just four months after the "NotPetya" malware spread from two countries across the world. Cybersecurity experts said the computer virus also appeared to have s
Published 25 Oct, 2017 12:00am
New cyber attack hits Russia and Ukraine

New cyber attack hits Russia and Ukraine

A cyber attack hit a Ukrainian international airport and three Russian media outlets on Tuesday just four months after the "NotPetya" malware spread from two countries across the world. Cybersecurity experts said the computer virus also appeared to have s
Published 25 Oct, 2017 12:00am
Nawaz challenges registrar office's order

Nawaz challenges registrar office's order

Disqualified prime minister Nawaz Sharif on Tuesday challenged the apex court's registrar office's order for rejecting petition that sought suspension of Accountability Court Islamabad proceedings in the wake of the Panama Papers verdict. Filing a petitio
Published 25 Oct, 2017 12:00am
Nawaz challenges registrar office's order

Nawaz challenges registrar office's order

Disqualified prime minister Nawaz Sharif on Tuesday challenged the apex court's registrar office's order for rejecting petition that sought suspension of Accountability Court Islamabad proceedings in the wake of the Panama Papers verdict. Filing a petitio
Published 25 Oct, 2017 12:00am
THE RUPEE: no changes
Currency

THE RUPEE: no changes

The rupee depicted no variation against the dollar on the money market on Tuesday, dealers said. The rupee was also unchanged in terms of the dollar for buying and selling at Rs 105.44 and Rs 105.45 respectively, they said. In the second Asian trade, the
Published 25 Oct, 2017 12:00am
'Twin deficits' major challenges, says Miftah

'Twin deficits' major challenges, says Miftah

The government has acknowledged that twin deficits - budget and current account - are major challenges to the economy. Prime Minister's Special Assistant Miftah Ismail stated this during an informal interaction with a select group of mediapersons here Tue
Published 25 Oct, 2017 12:00am
THE RUPEE: no changes
Currency

THE RUPEE: no changes

The rupee depicted no variation against the dollar on the money market on Tuesday, dealers said. The rupee was also unchanged in terms of the dollar for buying and selling at Rs 105.44 and Rs 105.45 respectively, they said. In the second Asian trade, the
Published 25 Oct, 2017 12:00am
'Twin deficits' major challenges, says Miftah

'Twin deficits' major challenges, says Miftah

The government has acknowledged that twin deficits - budget and current account - are major challenges to the economy. Prime Minister's Special Assistant Miftah Ismail stated this during an informal interaction with a select group of mediapersons here Tue
Published 25 Oct, 2017 12:00am
''Twin deficits'' major challenges, says Miftah

''Twin deficits'' major challenges, says Miftah

The government has acknowledged that twin deficits - budget and current account - are major challenges to the economy. Prime Minister''s Special Assistant Miftah Ismail stated this during an informal interaction with a select group of mediapersons here Tu
Published 25 Oct, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 24, 2017).

Published 25 Oct, 2017 12:00am
India top court bans dirty fuel to fight Delhi's bad air

India top court bans dirty fuel to fight Delhi's bad air

India's top court Tuesday banned the use of petroleum coke - a cheap but dirty fuel - in New Delhi's neighbouring states, the latest crackdown aimed at improving air quality in one of the most polluted cities in the world. The Supreme Court also ordered a
Published 25 Oct, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 24, 2017).

Published 25 Oct, 2017 12:00am
India top court bans dirty fuel to fight Delhi's bad air

India top court bans dirty fuel to fight Delhi's bad air

India's top court Tuesday banned the use of petroleum coke - a cheap but dirty fuel - in New Delhi's neighbouring states, the latest crackdown aimed at improving air quality in one of the most polluted cities in the world. The Supreme Court also ordered a
Published 25 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 Tuesday (October 24, 2017).

Published 25 Oct, 2017 12:00am
Maltese journalist murder: EU parliament chief wants Europol probe

Maltese journalist murder: EU parliament chief wants Europol probe

European Parliament chief Antonio Tajani on Tuesday demanded an international investigation into the car bomb murder of Maltese journalist and anti-corruption campaigner Daphne Caruana Galizia. The call comes after the family of Caruana Galizia accused Pr
Published 25 Oct, 2017 12:00am
Maltese journalist murder: EU parliament chief wants Europol probe

Maltese journalist murder: EU parliament chief wants Europol probe

European Parliament chief Antonio Tajani on Tuesday demanded an international investigation into the car bomb murder of Maltese journalist and anti-corruption campaigner Daphne Caruana Galizia. The call comes after the family of Caruana Galizia accused Pr
Published 25 Oct, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (October 24, 2017)

Published 25 Oct, 2017 12:00am
US dollar versus PKR
Currency

US dollar versus PKR

The State Bank of Pakistan (SBP) has held a couple of meetings with foreign currency dealers and members of the Foreign Exchange Association of Pakistan on the need to weaken the US dollar in the open market and stipulated that the difference in value bet
Published 25 Oct, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (October 24, 2017).

Published 25 Oct, 2017 12:00am
The menace of gutka and mainpuri

The menace of gutka and mainpuri

Thanks to the efforts of an NGO, Rights Now -Pakistan, who approached the Sindh High Court to stop unchecked sale of gutka and mainpuri (named after a city in India from where it is mostly smuggled in), a two-member SHC bench declaring these items a healt
Published 25 Oct, 2017 12:00am
Super-economies in the neighbourhood
Currency

Super-economies in the neighbourhood

Now that we, as a nation, have finally come to the logical conclusion that a fail-safe security paradigm flows out of a sound economic template it is imperative that we take a very close and deep look at the two super-economies that are emerging so close
Published 25 Oct, 2017 12:00am
SBP report - the fine print
Exchange

SBP report - the fine print

At the outset a limitation of liability clause: the comments, data and extracts are from the State Bank of Pakistan's (SBP) publication, Annual Report, The State of Pakistan's Economy (the Report). While in certain instances, comments and phrases may have
Published 25 Oct, 2017 12:00am
The Weather

The Weather

The weather report on Tuesday (October 24, 2017) and the forecast for Wednesday (October 25, 2017).

Published 25 Oct, 2017 12:00am
Speakers call for 'education emergency' in country

Speakers call for 'education emergency' in country

The number of out-of-school children is alarming in Pakistan. Some 22.6 million students have no access to schooling as the governmental policies are not addressing the issue seriously jeopardizing their future. There is a dire need to impose education em
Published 25 Oct, 2017 12:00am
Fatima Fertilizer Company PAT increases to Rs 6.674 billion

Fatima Fertilizer Company PAT increases to Rs 6.674 billion

The profit after tax of Fatima Fertilizer Company has increased to Rs 6.674 billion in the nine-month period ended September 30, 2017 as compared to Rs 6.370 billion earned in the corresponding period in 2016. The board of directors of the company in its
Published 25 Oct, 2017 12:00am
Fatima Fertilizer Company PAT increases to Rs 6.674 billion

Fatima Fertilizer Company PAT increases to Rs 6.674 billion

The profit after tax of Fatima Fertilizer Company has increased to Rs 6.674 billion in the nine-month period ended September 30, 2017 as compared to Rs 6.370 billion earned in the corresponding period in 2016. The board of directors of the company in its
Published 25 Oct, 2017 12:00am
Quality assurance board to be set up
Exchange

Quality assurance board to be set up

The Securities and Exchange Commission of Pakistan (SECP) will constitute a Quality Assurance Board (QAB) comprising members from Commission; State Bank of Pakistan (SBP) and professional valuers to develop valuation standards for valuation profession in
Published 25 Oct, 2017 12:00am
July-September period: $458 million loan procured from foreign banks

July-September period: $458 million loan procured from foreign banks

The country procured $458 million commercial loans from foreign banks in the first quarter (July-September) of the current fiscal year - 46 percent of the $ 1 billion it had budgeted for the entire year. Total external assistance for July-September 2017 a
Published 25 Oct, 2017 12:00am
Zahid Muzaffar elected OGDCL chairman

Zahid Muzaffar elected OGDCL chairman

Eleven directors have been elected on the OGDCL Board for the period of three years during the 20th Annual General Meeting of shareholders held on Tuesday. Zahid Muzaffar was unanimously elected as the Chairman. Company's Annual Accounts for the year 2016
Published 25 Oct, 2017 12:00am
Senate adopts Public Interest Disclosure bill

Senate adopts Public Interest Disclosure bill

The Senate on Thursday unanimously passed 'The Public Interest Disclosure Bill 2017' to ensure protection to whistle blowers who disclose any information in public interest. The bill, which has already been passed by the National Assembly, was presented i
Published 25 Oct, 2017 12:00am
Power ministry moves ECC to seek release of refunds

Power ministry moves ECC to seek release of refunds

Ministry of Power has approached Economic Coordination Committee (ECC) of the Cabinet for release of billions of rupees of refunds stuck with Federal Board of Revenue (FBR) due to which Discos are facing cash flow issues, well informed sources told Bus
Published 25 Oct, 2017 12:00am
Registration for valuers to be made mandatory
Exchange

Registration for valuers to be made mandatory

The Securities and Exchange Commission of Pakistan (SECP) will make it mandatory for the valuers (companies) rendering services for valuation of physical assets, immoveable property, intangible assets/securities, financial assets/liabilities, etc, to obta
Published 25 Oct, 2017 12:00am
Pak-Tunisia ministerial moot may finalize PTA: Alarbi
Cotton

Pak-Tunisia ministerial moot may finalize PTA: Alarbi

Ninth Pakistan-Tunisia Ministerial Conference will be held in Tunisia, during which Preferential Trade Agreement (PTA) is expected to be inked, disclosed Adel Al- Alarbi Ambassador of the Republic of Tunisia. Addressing the members of the Faisalabad Chamb
Published 25 Oct, 2017 12:00am
NA body approves amendment in NEPRA Act

NA body approves amendment in NEPRA Act

The National Assembly Committee on Power has approved amendment in the NEPRA Act stipulating three-year imprisonment for charging over-billing and wrong billing by the DISCO officials from electricity consumers. Federal Minister for Power Division Sardar
Published 25 Oct, 2017 12:00am
PDWP approves three welfare schemes

PDWP approves three welfare schemes

The Punjab Provincial Development Working Party (PDWP) approved three welfare schemes with an estimated cost of Rs 32.166 million in its 25th meeting of current fiscal year 2017-18 presided over by Chairman P&D Muhammad Jahanzeb Khan. Secretary P&D Iftikh
Published 25 Oct, 2017 12:00am
Afghan envoy calls on Siraj

Afghan envoy calls on Siraj

The Afghan Ambassador Dr Umer Zakhelwal called on the Ameer, Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, at his residence in the federal capital and discussed with him the regional situation and the relations between the two neighbouring countries.
Published 25 Oct, 2017 12:00am
LDA urged not to shift industries from Kahna Kacha Industrial Estate

LDA urged not to shift industries from Kahna Kacha Industrial Estate

The Lahore Development Authority (LDA) should fulfill its commitment and avoid shifting industries from Kahna Kacha Industrial Estate until and unless alternate place is provided to the affected industries. The call was given at a meeting between LCCI Pre
Published 25 Oct, 2017 12:00am
ACCA signs MoU with Pakistan Business Council

ACCA signs MoU with Pakistan Business Council

ACCA (the Association of Chartered Certified Accountants) signed a Memorandum of Understanding (MoU) with the management of Pakistan Business Council (PBC). The MoU revolves around ACCA and PBC's mutual agenda of supporting the development of businesses t
Published 25 Oct, 2017 12:00am
Two bills presented in Punjab Assembly

Two bills presented in Punjab Assembly

The Sikh Marriage Bill 2017 and Punjab Regulation of Public Infrastructure Bill 2017 were presented in the Punjab Assembly on Tuesday. The Punjab Assembly passed resolutions for proper legislation of annual medical check-up of both girls and boys studying
Published 25 Oct, 2017 12:00am
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