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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-02-08
Licence to kill

Licence to kill

A gun is a tool for enforcing law and order for security forces. When it becomes a tool to victimize and kill people it becomes a murdering weapon. Such murderers become targets for security forces and law enforcement agencies to hound and catch. There is
Published 08 Feb, 2018 12:00am
US, Afghanistan and us

US, Afghanistan and us

It is not time yet for their annual spring offence in Afghanistan, but the Taliban have already ramped up attacks. Two recent back-to-back bombings in Kabul left nearly 150 people dead and scores of others injured. As usual, the Kabul government immediate
Published 08 Feb, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (February 07, 2018).

Published 08 Feb, 2018 12:00am
In banknotes we trust
Exchange

In banknotes we trust

Pakistanis have a lust for cash. At least that is what the numbers show. The cash an average Pakistani holds, according to back-of- envelope calculations of a friend in the State Bank, is about three times his average income, as against near-zero in the a
Published 08 Feb, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (February 07, 2018)

Published 08 Feb, 2018 12:00am
'Brand' MQM unravels further

'Brand' MQM unravels further

The ignominious slide of Muttahida Qaumi Movement or a party that has been dominating Urban Sindh's political landscape since the mid 1980s is under the spotlight ahead of the Senate of Pakistan elections. The profundity of party's latest ordeal may be di
Published 08 Feb, 2018 12:00am
Rise in domestic debt

Rise in domestic debt

The level of domestic debt and liabilities has risen quite sharply in recent days and weeks. According to the latest data released by the State Bank, the federal government's domestic debt and other liabilities have continued to grow and reached Rs 15.889
Published 08 Feb, 2018 12:00am
Atrocities in IHK: Senate body passes unanimous resolution against India

Atrocities in IHK: Senate body passes unanimous resolution against India

The Senate Standing Committee on Kashmir Affairs and Gilgit-Baltistan Wednesday passed a unanimous resolution against India for committing atrocities in Indian-held Kashmir (IHK) and suppression of Kashmiris. The committee which met here with Senator Saji
Published 08 Feb, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 07, 2018).

Published 08 Feb, 2018 12:00am
Atrocities in IHK: Senate body passes unanimous resolution against India

Atrocities in IHK: Senate body passes unanimous resolution against India

The Senate Standing Committee on Kashmir Affairs and Gilgit-Baltistan Wednesday passed a unanimous resolution against India for committing atrocities in Indian-held Kashmir (IHK) and suppression of Kashmiris. The committee which met here with Senator Saji
Published 08 Feb, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 07, 2018).

Published 08 Feb, 2018 12:00am
THE RUPEE: minor recovery
Currency

THE RUPEE: minor recovery

The rupee managed to recover modestly against the dollar on the money market on Wednesday in the process of trading activity, dealers said. The rupee picked up 10 paisas against the dollar for buying and selling Rs 111.70 and Rs 112.00 respectively, they
Published 08 Feb, 2018 12:00am
Daniyal granted 10 days to hire counsel

Daniyal granted 10 days to hire counsel

Supreme Court on Wednesday granted 10 days to PML-N leader Daniyal Aziz to engage services of a defence counsel in contempt proceedings initiated against him over anti-judiciary speeches and discussions in various TV talk shows. A three-member bench led b
Published 08 Feb, 2018 12:00am
THE RUPEE: minor recovery
Currency

THE RUPEE: minor recovery

The rupee managed to recover modestly against the dollar on the money market on Wednesday in the process of trading activity, dealers said. The rupee picked up 10 paisas against the dollar for buying and selling Rs 111.70 and Rs 112.00 respectively, they
Published 08 Feb, 2018 12:00am
Daniyal granted 10 days to hire counsel

Daniyal granted 10 days to hire counsel

Supreme Court on Wednesday granted 10 days to PML-N leader Daniyal Aziz to engage services of a defence counsel in contempt proceedings initiated against him over anti-judiciary speeches and discussions in various TV talk shows. A three-member bench led b
Published 08 Feb, 2018 12:00am
IMC clarification

IMC clarification

Indus Motor Company Pvt Ltd has clarified that the company''s case of non-inclusion of running royalties remitted to its foreign principals is currently pending adjudication before Sindh High Court (SHC). In a clarification issued by the CEO of the compan
Published 08 Feb, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (February 07, 2018).

Published 08 Feb, 2018 12:00am
IMC clarification

IMC clarification

Indus Motor Company Pvt Ltd has clarified that the company's case of non-inclusion of running royalties remitted to its foreign principals is currently pending adjudication before Sindh High Court (SHC). In a clarification issued by the CEO of the company
Published 08 Feb, 2018 12:00am
IMC clarification

IMC clarification

Indus Motor Company Pvt Ltd has clarified that the company's case of non-inclusion of running royalties remitted to its foreign principals is currently pending adjudication before Sindh High Court (SHC). In a clarification issued by the CEO of the company
Published 08 Feb, 2018 12:00am
Dar's assets: verdict reserved

Dar's assets: verdict reserved

Accoun-tability Court hearing corruption reference against former Finance Minister Ishaq Dar Wednesday reserved its judgment on a petition against Dar's asset freeze till February 14. Dar, a close relative and aide of former Prime Minister Nawaz Sharif, i
Published 08 Feb, 2018 12:00am
Dar's assets: verdict reserved

Dar's assets: verdict reserved

Accoun-tability Court hearing corruption reference against former Finance Minister Ishaq Dar Wednesday reserved its judgment on a petition against Dar's asset freeze till February 14. Dar, a close relative and aide of former Prime Minister Nawaz Sharif, i
Published 08 Feb, 2018 12:00am
Biotech billionaire buys LA Times

Biotech billionaire buys LA Times

Billionaire physician and investor Patrick Soon-Shiong agreed Wednesday to buy the Los Angeles Times, in a move aimed at reviving the fortunes of the newspaper amid recent turmoil. Publishing group Tronc Inc. said it reached a deal to sell the LA Times an
Published 08 Feb, 2018 12:00am
Biotech billionaire buys LA Times

Biotech billionaire buys LA Times

Billionaire physician and investor Patrick Soon-Shiong agreed Wednesday to buy the Los Angeles Times, in a move aimed at reviving the fortunes of the newspaper amid recent turmoil. Publishing group Tronc Inc. said it reached a deal to sell the LA Times an
Published 08 Feb, 2018 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 08 Feb, 2018 12:00am
Avenfield properties: witness' statement recorded

Avenfield properties: witness' statement recorded

Accountability Court on Wednesday testified the statement of a witness who provided CDs of interviews, speech in the National Assembly and address to the nation of the then Prime Minister, Nawaz Sharif, as well as interviews of his daughter and one of his
Published 08 Feb, 2018 12:00am
Avenfield properties: witness' statement recorded

Avenfield properties: witness' statement recorded

Accountability Court on Wednesday testified the statement of a witness who provided CDs of interviews, speech in the National Assembly and address to the nation of the then Prime Minister, Nawaz Sharif, as well as interviews of his daughter and one of his
Published 08 Feb, 2018 12:00am
Ease of doing business: PM says BoI tasked to co-ordinate with provinces

Ease of doing business: PM says BoI tasked to co-ordinate with provinces

A delegation of American Business Council called on Prime Minister Shahid Khaqan Abbasi at Prime Minister''s Office on Wednesday. Kamran Nishat, President American Business Council, briefed the Prime Minister about the Council and its contribution towards
Published 08 Feb, 2018 12:00am
Ease of doing business: PM says BoI tasked to co-ordinate with provinces

Ease of doing business: PM says BoI tasked to co-ordinate with provinces

A delegation of American Business Council called on Prime Minister Shahid Khaqan Abbasi at Prime Minister's Office on Wednesday. Kamran Nishat, President American Business Council, briefed the Prime Minister about the Council and its contribution towards
Published 08 Feb, 2018 12:00am
Ease of doing business: PM says BoI tasked to co-ordinate with provinces

Ease of doing business: PM says BoI tasked to co-ordinate with provinces

A delegation of American Business Council called on Prime Minister Shahid Khaqan Abbasi at Prime Minister's Office on Wednesday. Kamran Nishat, President American Business Council, briefed the Prime Minister about the Council and its contribution towards
Published 08 Feb, 2018 12:00am
Mercedes apologises to China after quoting Dalai Lama

Mercedes apologises to China after quoting Dalai Lama

Mercedes-Benz has become the latest foreign company to run afoul of Beijing''s policies on Tibet and other Chinese-claimed regions, apologising for "hurting the feelings" of the people of China for quoting the Dalai Lama on Instagram. The German auto gian
Published 08 Feb, 2018 12:00am
Mercedes apologises to China after quoting Dalai Lama

Mercedes apologises to China after quoting Dalai Lama

Mercedes-Benz has become the latest foreign company to run afoul of Beijing's policies on Tibet and other Chinese-claimed regions, apologising for "hurting the feelings" of the people of China for quoting the Dalai Lama on Instagram. The German auto giant
Published 08 Feb, 2018 12:00am
Mercedes apologises to China after quoting Dalai Lama

Mercedes apologises to China after quoting Dalai Lama

Mercedes-Benz has become the latest foreign company to run afoul of Beijing's policies on Tibet and other Chinese-claimed regions, apologising for "hurting the feelings" of the people of China for quoting the Dalai Lama on Instagram. The German auto giant
Published 08 Feb, 2018 12:00am
Railways plans to plant 1.15 million trees across country

Railways plans to plant 1.15 million trees across country

Pakistan Railways (PR) has planned to plant as many as 1.15 million trees around tracks, stations, platforms, loco sheds etc across the country. The Railways officials said the plantation move is primarily aimed at enhancing beautification within the PR's
Published 08 Feb, 2018 12:00am
Indian misadventure will be responded effectively: CoAS

Indian misadventure will be responded effectively: CoAS

The military's top brass on Wednesday reiterated that any Indian misadventure including the ceasefire violations will be responded effectively. The Corps Commanders Conference, chaired by Chief of Army Staff General Qamar Javed Bajwa, said that ceasefire
Published 08 Feb, 2018 12:00am
Indian misadventure will be responded effectively: CoAS

Indian misadventure will be responded effectively: CoAS

The military's top brass on Wednesday reiterated that any Indian misadventure including the ceasefire violations will be responded effectively. The Corps Commanders Conference, chaired by Chief of Army Staff General Qamar Javed Bajwa, said that ceasefire
Published 08 Feb, 2018 12:00am
Government vows fool-proof security to Chinese

Government vows fool-proof security to Chinese

The fourth Joint Working Group (JWG) meeting on security and safety of Chinese working on the China Pakistan Economic Corridor (CPEC) projects was held here on Wednesday. The meeting was attended by Chinese delegation headed by Cao Xiaolin, Deputy Directo
Published 08 Feb, 2018 12:00am
Government vows fool-proof security to Chinese

Government vows fool-proof security to Chinese

The fourth Joint Working Group (JWG) meeting on security and safety of Chinese working on the China Pakistan Economic Corridor (CPEC) projects was held here on Wednesday. The meeting was attended by Chinese delegation headed by Cao Xiaolin, Deputy Directo
Published 08 Feb, 2018 12:00am
Conditional offer made to India to join CPEC

Conditional offer made to India to join CPEC

Pakistan has made a conditional offer to India that it can be connected with China Pakistan Economic Corridor (CPEC) if the outstanding issues between the two countries are resolved. "We''ve the potential to connect India with Central Asian states, Europe
Published 08 Feb, 2018 12:00am
Conditional offer made to India to join CPEC

Conditional offer made to India to join CPEC

Pakistan has made a conditional offer to India that it can be connected with China Pakistan Economic Corridor (CPEC) if the outstanding issues between the two countries are resolved. "We've the potential to connect India with Central Asian states, Europe
Published 08 Feb, 2018 12:00am
Conditional offer made to India to join CPEC

Conditional offer made to India to join CPEC

Pakistan has made a conditional offer to India that it can be connected with China Pakistan Economic Corridor (CPEC) if the outstanding issues between the two countries are resolved. "We've the potential to connect India with Central Asian states, Europe
Published 08 Feb, 2018 12:00am
BRIndex100 retreats
Exchange

BRIndex100 retreats

Pakistan Stock Exchange witnessed a positive trend on the back of fresh buying, mainly by local investors. BRIndex100 gained 30.04 points or 0.64 percent to 4,735.79 points Wednesday. BRIndex100 touched intraday high of 4,759.63 and intraday low of 4,705.
Published 08 Feb, 2018 12:00am
BRIndex100 retreats
Exchange

BRIndex100 retreats

Pakistan Stock Exchange witnessed a positive trend on the back of fresh buying, mainly by local investors. BRIndex100 gained 30.04 points or 0.64 percent to 4,735.79 points Wednesday. BRIndex100 touched intraday high of 4,759.63 and intraday low of 4,705.
Published 08 Feb, 2018 12:00am
BRIndex100 retreats
Exchange

BRIndex100 retreats

Pakistan Stock Exchange witnessed a positive trend on the back of fresh buying, mainly by local investors. BRIndex100 gained 30.04 points or 0.64 percent to 4,735.79 points Wednesday. BRIndex100 touched intraday high of 4,759.63 and intraday low of 4,705.
Published 08 Feb, 2018 12:00am
Trump blames stock market fall on ''good news''

Trump blames stock market fall on ''good news''

US President Donald Trump commented on recent stock market volatility for the first time on Wednesday, suggesting a wild sell-off may be due to good news about the economy. "In the ''old days,'' when good news was reported, the Stock Market would go up,"
Published 08 Feb, 2018 12:00am
Trump blames stock market fall on 'good news'

Trump blames stock market fall on 'good news'

US President Donald Trump commented on recent stock market volatility for the first time on Wednesday, suggesting a wild sell-off may be due to good news about the economy. "In the 'old days,' when good news was reported, the Stock Market would go up," Tr
Published 08 Feb, 2018 12:00am
Trump blames stock market fall on 'good news'

Trump blames stock market fall on 'good news'

US President Donald Trump commented on recent stock market volatility for the first time on Wednesday, suggesting a wild sell-off may be due to good news about the economy. "In the 'old days,' when good news was reported, the Stock Market would go up," Tr
Published 08 Feb, 2018 12:00am
PM''s office to probe accusations against power company

PM''s office to probe accusations against power company

Cabinet Division has constituted a four-member committee to find out " wrongdoings" in interchangeability of Fatima Energy Limited (FEL) from co-generation policy to IPPs'' policy, well-informed sources told Business Recorder. The committee which h
Published 08 Feb, 2018 12:00am
PM's office to probe accusations against power company

PM's office to probe accusations against power company

Cabinet Division has constituted a four-member committee to find out " wrongdoings" in interchangeability of Fatima Energy Limited (FEL) from co-generation policy to IPPs' policy, well-informed sources told Business Recorder. The committee which ha
Published 08 Feb, 2018 12:00am
PM's office to probe accusations against power company

PM's office to probe accusations against power company

Cabinet Division has constituted a four-member committee to find out " wrongdoings" in interchangeability of Fatima Energy Limited (FEL) from co-generation policy to IPPs' policy, well-informed sources told Business Recorder. The committee which ha
Published 08 Feb, 2018 12:00am
ECB urges banks to clean up before next crisis

ECB urges banks to clean up before next crisis

Eurozone banks have made progress since the financial crisis, but must do more to put their houses in order during economic good times, European Central Bank (ECB) watchdogs said Wednesday. "Certain banks must do more. In particular, they must clean up th
Published 08 Feb, 2018 12:00am
ECB urges banks to clean up before next crisis

ECB urges banks to clean up before next crisis

Eurozone banks have made progress since the financial crisis, but must do more to put their houses in order during economic good times, European Central Bank (ECB) watchdogs said Wednesday. "Certain banks must do more. In particular, they must clean up th
Published 08 Feb, 2018 12:00am
ECB urges banks to clean up before next crisis

ECB urges banks to clean up before next crisis

Eurozone banks have made progress since the financial crisis, but must do more to put their houses in order during economic good times, European Central Bank (ECB) watchdogs said Wednesday. "Certain banks must do more. In particular, they must clean up th
Published 08 Feb, 2018 12:00am
Tax disputes: FBR rejects cellular companies'' proposal

Tax disputes: FBR rejects cellular companies'' proposal

The Federal Board of Revenue (FBR) has rejected a proposal of cellular companies for settling their tax disputes through Alternative Dispute Resolution Committees (ADRCs) to ensure uniform treatment to all taxpayers without creating any discrimination.
Published 08 Feb, 2018 12:00am
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