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Dec 04, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-02-16
Irsa releasing 86,000 cusecs of water for Rabi crops

Irsa releasing 86,000 cusecs of water for Rabi crops

The Indus River System Authority is releasing 86,000 cusecs water from the dams and run of the river water in Chenab and Kabul for irrigating the Rabi crops including the nation's staple food, wheat, grams, lentils, mustards, oil seeds, vegetables, fodder
Published 16 Feb, 2018 12:00am
Services of Haji Razzak Janoo Trust lauded

Services of Haji Razzak Janoo Trust lauded

Rear Admiral Moazzam Ilyas Hilal-e-Imtiaz (Military) Commander Coast, Pakistan Navy has appreciated the services of Haji Razzak Janoo Trust for eye cure. While addressing a reception organized in his honour by Abdul Rahim Janoo, Chairman Haji Razzak Janoo
Published 16 Feb, 2018 12:00am
SAARC chamber team to take part in 'Business Leaders Conclave'

SAARC chamber team to take part in 'Business Leaders Conclave'

A high level delegation of SAARC Chamber Pakistan chapter will participate in a forthcoming three-day "6th SAARC Business Leaders Conclave" being held from March 16 at Kathmandu, Nepal, to explore the investment avenues and promote trade among member coun
Published 16 Feb, 2018 12:00am
Non-clinical functions: Turkish companies' cooperation sought for PKLI

Non-clinical functions: Turkish companies' cooperation sought for PKLI

Services of foreign companies will be sought for non-clinical functions including janitorial, laundry and housekeeping management of the Pakistan Kidney and Liver Institute & Research Centre (PKLI). A road-show was arranged by a delegation headed by Secre
Published 16 Feb, 2018 12:00am
Charities banned: government ignoring national interests: JI chief

Charities banned: government ignoring national interests: JI chief

While slamming the government over banning the charities linked to Hafiz Saeed, Emir Jamat-e-Islami Sirajul Haq Thursday said that the government has just implemented the US State Department's orders while ignoring national interests. He said that the US
Published 16 Feb, 2018 12:00am
Senate chairman irked by IMF 'interference'

Senate chairman irked by IMF 'interference'

Chairman Senate Raza Rabbani Thursday said that interference in internal matters of Pakistan on part of the International Monetary Fund (IMF) with regard to distribution of resources under the 18th Constitutional Amendment and creation of an impression ab
Published 16 Feb, 2018 12:00am
Police Lines at Jia Bagga

Police Lines at Jia Bagga

Additional IG Punjab Highway Patrol (PHP) Amjad Javid Saleemi inaugurated the ground-breaking ceremony of provincial Police Lines at Jia Bagga here on Thursday. DIG Ghulam Mehmood Dogar, SSP Lahore Region Babar Bakth Qureshi, all regional SP/PHP and all D
Published 16 Feb, 2018 12:00am
Indian troops target school van; driver martyred

Indian troops target school van; driver martyred

Indian forces deployed along the Line of Control (LoC) Thursday targeted a school van and martyred its driver in Battal Sector, said the Inter-Services Public Relations (ISPR). The act was condemned by the Army spokesman. "Indian unethical and unprofessio
Published 16 Feb, 2018 12:00am
Pakistan a land of opportunities: Mamnoon
Exchange

Pakistan a land of opportunities: Mamnoon

President Mamnoon Hussain on Thursday said Pakistan was a land of opportunity and the government through good legislation and facilities has opened up new vistas for investors from across the world. Talking to Pakistan Turkish Business Forum delegation, w
Published 16 Feb, 2018 12:00am
Co-operative housing societies: NAB chief reviews performance

Co-operative housing societies: NAB chief reviews performance

Chairman NAB Justice Javed Iqbal has presided over a meeting at NAB Headquarters to review the overall performance of NAB especially NAB's performance regarding to action taken so far against illegal private/co-operative housing societies of Rawalpindi an
Published 16 Feb, 2018 12:00am
Tribal elder killed in Orakzai landmine blast

Tribal elder killed in Orakzai landmine blast

A tribal elder was killed and two others injured in a landmine blast in Lower Orakzai Agency on Thursday morning. Political administration sources said that tribal elder Malik Shah Khan along with two aides was travelling to Hangu when his vehicle hit a r
Published 16 Feb, 2018 12:00am
PCJCCI, NUR University ink MoU
Exchange

PCJCCI, NUR University ink MoU

Pak-China Joint Chamber of Commerce and Industry (PCJCCI) is endeavoring to develop industry-academia linkages between Pakistan and China aimed at uplifting the local industries at par with international standard with trained human resource. It was disclo
Published 16 Feb, 2018 12:00am
Reports seeking to repeal Federal Bank & HBFC Acts presented in NA

Reports seeking to repeal Federal Bank & HBFC Acts presented in NA

The National Assembly Standing Committee on Finance Thursday presented separate reports in the Lower House of the Parliament to repeal "The Establishment of the Federal Bank for Co-operatives and Regulation of Co-operative Banking Act, 1977" and "The Hous
Published 16 Feb, 2018 12:00am
Rabbani for implementing 18th Amendment in letter and spirit
Exchange

Rabbani for implementing 18th Amendment in letter and spirit

Chairman Senate Raza Rabbani Thursday said that the government in connivance with World Bank has drafted a bill to control and exercise influence over the matters related to distribution of resources which is against the spirit of Constitution and the 18t
Published 16 Feb, 2018 12:00am
CoAS directs for facilitation to Fata TDP

CoAS directs for facilitation to Fata TDP

Chief of Army Staff (CoAS) General Qamar Javed Bajwa on Thursday directed for facilitation to tribal brethren in Federally Administered Tribal Areas (Fata) and announced that tribal people will not require Watan Cards for payment of compensation to tempor
Published 16 Feb, 2018 12:00am
Nepra imposes Rs 10 million fine on NTDC

Nepra imposes Rs 10 million fine on NTDC

National Electric Power Regulatory Authority (Nepra) has slapped a fine of Rs 10 million on M/s National Transmission & Despatch Company Limited (NTDC) on account of undue delay in power evacuation projects (ie transmission lines for power plants) and dev
Published 16 Feb, 2018 12:00am
FBR accused of trying to protect corrupt officials

FBR accused of trying to protect corrupt officials

The Federal Board of Revenue (FBR) has been accused of trying to protect its officials, who are involved in causing huge revenue loss through facilitating bogus refunds, by delaying inquiry against them. A three-member sub-committee of the Senate Standing
Published 16 Feb, 2018 12:00am
ATC reserves verdict in Zainab case

ATC reserves verdict in Zainab case

An Anti-Terrorism Court (ATC) on Thursday reserved its verdict in matter of Imran Ali alleged rapist and serial killers of minor girls including seven-year old Zainab Amin of Kasur. ATC judge Sajjad Ahmad concluded proceedings after the lawyers of both si
Published 16 Feb, 2018 12:00am
No justification for placing names of ex-PM, daughter on ECL: Marriyum

No justification for placing names of ex-PM, daughter on ECL: Marriyum

Minister of State for Information, Broadcasting, National History and Literary Heritage Marriyum while talking to the media outside Ehtesab Court here Thursday said that only the names of the fugitives from law were put on the ECL and there was no justifi
Published 16 Feb, 2018 12:00am
Nawaz takes great exception to judges' remarks

Nawaz takes great exception to judges' remarks

In an apparent reaction to the remarks of Chief Justice Mian Saqib Nisar, former Prime Minister Nawaz Sharif on Thursday said that the language judges are using in their remarks is not "appropriate". Talking to media persons after appearing before Account
Published 16 Feb, 2018 12:00am
Asif meets Tunisian president
Exchange

Asif meets Tunisian president

Foreign Minister Khawaja Muhammad Asif, who is currently on an official visit to Tunisia, leading Pakistan delegation to the 9th Session of the Bilateral Joint Commission, Thursday called on the President of the Republic of Tunisian, Beji Caid Essebsi.
Published 16 Feb, 2018 12:00am
Targeting schoolchildren doesn't behove any army, India's deputy HC told

Targeting schoolchildren doesn't behove any army, India's deputy HC told

Pakistan summoned top Indian deputy high commissioner and lodged protest with him over the deliberate targeting of a school van carrying schoolchildren on Thursday that resulted in martyrdom of the driver. According to a Foreign Office statement, Director
Published 16 Feb, 2018 12:00am
History of Gwadar: the missing character

History of Gwadar: the missing character

The port of Gwadar has earned exclusive importance in recent years due to the China Pakistan Economic Corridor (CPEC) project. The town was equally significant across the history. Besides being a natural deep sea port, the Gwadar possesses a prime geo-str
Published 16 Feb, 2018 12:00am
Sorry, not sorry: Wall Street not quitting 'vol' products
Exchange

Sorry, not sorry: Wall Street not quitting 'vol' products

One bank has expressed its regrets for the unraveling volatility trade. But in general Wall Street is offering up apologia - rather than an apology - for the dramatic windup last week of investment products that had profited from calm stock markets. Credi
Published 16 Feb, 2018 12:00am
Courageous guards save the day

Courageous guards save the day

On February 13 at about 1210 hours an armoured cash-in-transit (CIT) vehicle of a private security services company was parked outside the Tarnol branch of a private bank in Islamabad to pick up cash amounting to Rs 14 million from the bank. As the two se
Published 16 Feb, 2018 12:00am
Need for efficient tax authority
Exchange

Need for efficient tax authority

The Federal Board of Revenue (FBR), apex revenue authority at the federal level, symbolises an institution wrought with sleaze, wastefulness, inefficiency and corruption. The episode of blocked refund of billions, outstanding for the last many years, has
Published 16 Feb, 2018 12:00am
A first on multiple counts
Exchange

A first on multiple counts

In what is indisputably a landmark judgement, the Islamabad High Court (IHC) has directed the National Accountability Bureau (NAB) to investigate General Pervez Musharraf (retd) for alleged corruption while he was president. The IHC has thus redefined the
Published 16 Feb, 2018 12:00am
The FATF challenge

The FATF challenge

The US moved forward a motion to place Pakistan on the terror financing watch-list, backed by the United Kingdom, France and Germany, a week ago, according to Miftah Ismail, Advisor to the Prime Minister on Finance, Revenue and Economic Affairs with the s
Published 16 Feb, 2018 12:00am
Nepal gets new Communist PM after landmark polls

Nepal gets new Communist PM after landmark polls

The leader of Nepal's largest Communist party was sworn in as prime minister Thursday, two months after leading his party to a thumping victory in landmark elections billed as a turning point for the impoverished Himalayan nation. K.P. Sharma Oli will hea
Published 16 Feb, 2018 12:00am
Nepal gets new Communist PM after landmark polls

Nepal gets new Communist PM after landmark polls

The leader of Nepal's largest Communist party was sworn in as prime minister Thursday, two months after leading his party to a thumping victory in landmark elections billed as a turning point for the impoverished Himalayan nation. K.P. Sharma Oli will hea
Published 16 Feb, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (February 15, 2018).

Published 16 Feb, 2018 12:00am
Clarification by Ministry of Commerce

Clarification by Ministry of Commerce

Ministry of Commerce clarifies the news item published in Business Recorder on 15th February 2018 with the caption "FTAs with China, Malaysia accrue little or no benefit". The caption of the story as well its contents report the impact of FTAs whic
Published 16 Feb, 2018 12:00am
The Weather

The Weather

The weather report on Thursday (February 15, 2018) and the forecast for Friday (February 16, 2018).

Published 16 Feb, 2018 12:00am
Clarification by Ministry of Commerce

Clarification by Ministry of Commerce

Ministry of Commerce clarifies the news item published in Business Recorder on 15th February 2018 with the caption "FTAs with China, Malaysia accrue little or no benefit". The caption of the story as well its contents report the impact of FTAs whic
Published 16 Feb, 2018 12:00am
Clarification by Ministry of Commerce

Clarification by Ministry of Commerce

Ministry of Commerce clarifies the news item published in Business Recorder on 15th February 2018 with the caption "FTAs with China, Malaysia accrue little or no benefit". The caption of the story as well its contents report the impact of FTAs whic
Published 16 Feb, 2018 12:00am
Top telecom regulator faces internal probe

Top telecom regulator faces internal probe

The top US telecom regulator is the object of an internal watchdog probe into the handling of rule changes that benefitted a politically sensitive merger of two major broadcast operators, a lawmaker said Thursday. A spokesman for Representative Frank Pall
Published 16 Feb, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (February 15, 2018)

Published 16 Feb, 2018 12:00am
Top telecom regulator faces internal probe

Top telecom regulator faces internal probe

The top US telecom regulator is the object of an internal watchdog probe into the handling of rule changes that benefitted a politically sensitive merger of two major broadcast operators, a lawmaker said Thursday. A spokesman for Representative Frank Pall
Published 16 Feb, 2018 12:00am
Top telecom regulator faces internal probe

Top telecom regulator faces internal probe

The top US telecom regulator is the object of an internal watchdog probe into the handling of rule changes that benefitted a politically sensitive merger of two major broadcast operators, a lawmaker said Thursday. A spokesman for Representative Frank Pall
Published 16 Feb, 2018 12:00am
SC issues arrest warrants for Haqqani

SC issues arrest warrants for Haqqani

Supreme Court Thursday issued arrest warrants for former Ambassador to the United States Husain Haqqani while issuing directives to Federal Investigation Agency to bring Haqqani back to Pakistan. Husain Haqqani is facing proceedings in the apex court for
Published 16 Feb, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (February 15, 2018).

Published 16 Feb, 2018 12:00am
SC issues arrest warrants for Haqqani

SC issues arrest warrants for Haqqani

Supreme Court Thursday issued arrest warrants for former Ambassador to the United States Husain Haqqani while issuing directives to Federal Investigation Agency to bring Haqqani back to Pakistan. Husain Haqqani is facing proceedings in the apex court for
Published 16 Feb, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (February 15, 2018).

Published 16 Feb, 2018 12:00am
Year ended December 31, 2017: MCB Bank registers Rs 22.46 billion PAT

Year ended December 31, 2017: MCB Bank registers Rs 22.46 billion PAT

The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on February 15, 2018 to review the performance of the Bank and approve the financial statements for the year ended December 31, 2017. During the year 2017, the
Published 16 Feb, 2018 12:00am
Year ended December 31, 2017: MCB Bank registers Rs 22.46 billion PAT

Year ended December 31, 2017: MCB Bank registers Rs 22.46 billion PAT

The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on February 15, 2018 to review the performance of the Bank and approve the financial statements for the year ended December 31, 2017. During the year 2017, the
Published 16 Feb, 2018 12:00am
Year ended December 31, 2017: MCB Bank registers Rs 22.46 billion PAT

Year ended December 31, 2017: MCB Bank registers Rs 22.46 billion PAT

The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on February 15, 2018 to review the performance of the Bank and approve the financial statements for the year ended December 31, 2017. During the year 2017, the
Published 16 Feb, 2018 12:00am
THE RUPEE: gains persist
Currency

THE RUPEE: gains persist

Recovery of the rupee versus the dollar was again witnessed on the money market on Thursday in process of trading, currency experts said. The rupee held the overnight levels in relation to the dollar for buying and selling at Rs 110.54 and Rs 110.55, they
Published 16 Feb, 2018 12:00am
Year ended December 31, 2017: MCB Bank registers Rs 22.46 billion PAT

Year ended December 31, 2017: MCB Bank registers Rs 22.46 billion PAT

The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on February 15, 2018 to review the performance of the Bank and approve the financial statements for the year ended December 31, 2017. During the year 2017, the
Published 16 Feb, 2018 12:00am
THE RUPEE: gains persist
Currency

THE RUPEE: gains persist

Recovery of the rupee versus the dollar was again witnessed on the money market on Thursday in process of trading, currency experts said. The rupee held the overnight levels in relation to the dollar for buying and selling at Rs 110.54 and Rs 110.55, they
Published 16 Feb, 2018 12:00am
Train-and-advice mission: Army contingent being sent to Saudi Arabia

Train-and-advice mission: Army contingent being sent to Saudi Arabia

Pakistan Army contingent is being sent to Saudi Arabia on train-and-advise mission and those or troops already there will not be employed outside KSA. This was announced by military media wing through a press release on Thursday after a meeting of Nawaf S
Published 16 Feb, 2018 12:00am
Train-and-advice mission: Army contingent being sent to Saudi Arabia

Train-and-advice mission: Army contingent being sent to Saudi Arabia

Pakistan Army contingent is being sent to Saudi Arabia on train-and-advise mission and those or troops already there will not be employed outside KSA. This was announced by military media wing through a press release on Thursday after a meeting of Nawaf S
Published 16 Feb, 2018 12:00am
FBI warned about accused Florida gunman but unable to locate him

FBI warned about accused Florida gunman but unable to locate him

The Federal Bureau of Investigation was warned last year about an ominous online comment by the 19-year-old man accused of killing 17 people at his former high school but was unable to locate him, an agent said on Thursday.
Published 16 Feb, 2018 12:00am
FBI warned about accused Florida gunman but unable to locate him

FBI warned about accused Florida gunman but unable to locate him

The Federal Bureau of Investigation was warned last year about an ominous online comment by the 19-year-old man accused of killing 17 people at his former high school but was unable to locate him, an agent said on Thursday.
Published 16 Feb, 2018 12:00am
Heinous crime: Court can order public hanging of culprits: CII

Heinous crime: Court can order public hanging of culprits: CII

The Council of Islamic Ideology (CII) Thursday said there was no bar on courts to order public hanging of a culprit of heinous crime. "The government and the courts can go ahead for public hanging to a convict sans amending any law, if severity of the cri
Published 16 Feb, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (February 15, 2018).

Published 16 Feb, 2018 12:00am
'Go Shahbaz go' slogans at Burewala gathering

'Go Shahbaz go' slogans at Burewala gathering

Many people raised the 'Go Shahbaz go' slogan when Punjab Chief Minister Shahbaz Sharif arrived at the stage of a public meeting in Burewala on Thursday. Aaj News correspondent reported that Shahbaz had inaugurated many development projects and as soon as
Published 16 Feb, 2018 12:00am
Two Indian Air Force pilots killed in plane crash

Two Indian Air Force pilots killed in plane crash

The Indian Air Force said two of its pilots were killed Thursday after their plane crashed in a remote northeastern state. The microlight plane crashed soon taking off for a routine sortie from Johrat airbase in Assam state. An air force official said the
Published 16 Feb, 2018 12:00am
Afghan civilians increasingly targeted in 2017: UN

Afghan civilians increasingly targeted in 2017: UN

More and more Afghan civilians are being deliberately targeted by militant attacks and suicide blasts, new UN figures published Thursday show, as the Taliban and the Islamic State group ramp up their assaults on urban areas. The number of civilians killed
Published 16 Feb, 2018 12:00am
Nawaz's counsel seeking to defend the indefensible?

Nawaz's counsel seeking to defend the indefensible?

Supreme Court is trying to ascertain legality of a disqualified parliamentarian to head a political party whereas Pakistan Muslim League-Nawaz counsel is expressing confidence that no provision of the Constitution imposes bar on a disqualified parliamenta
Published 16 Feb, 2018 12:00am
Nawaz's counsel seeking to defend the indefensible?

Nawaz's counsel seeking to defend the indefensible?

Supreme Court is trying to ascertain legality of a disqualified parliamentarian to head a political party whereas Pakistan Muslim League-Nawaz counsel is expressing confidence that no provision of the Constitution imposes bar on a disqualified parliamenta
Published 16 Feb, 2018 12:00am
SC takes major step towards recovering undeclared wealth stashed abroad

SC takes major step towards recovering undeclared wealth stashed abroad

Supreme Court Thursday formed a three-member committee to devise a legal mechanism to recover undeclared wealth of Pakistanis stashed abroad. A three-remember bench of Chief Justice Mian Saqib Nisar asked governor State Bank of Pakistan to devise the mech
Published 16 Feb, 2018 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 16 Feb, 2018 12:00am
SC takes major step towards recovering undeclared wealth stashed abroad

SC takes major step towards recovering undeclared wealth stashed abroad

Supreme Court Thursday formed a three-member committee to devise a legal mechanism to recover undeclared wealth of Pakistanis stashed abroad. A three-remember bench of Chief Justice Mian Saqib Nisar asked governor State Bank of Pakistan to devise the mech
Published 16 Feb, 2018 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 16 Feb, 2018 12:00am
SC takes major step towards recovering undeclared wealth stashed abroad

SC takes major step towards recovering undeclared wealth stashed abroad

Supreme Court Thursday formed a three-member committee to devise a legal mechanism to recover undeclared wealth of Pakistanis stashed abroad. A three-remember bench of Chief Justice Mian Saqib Nisar asked governor State Bank of Pakistan to devise the mech
Published 16 Feb, 2018 12:00am
FO raises objections over introduction of new procedure
Currency

FO raises objections over introduction of new procedure

Pakistan Thursday voiced its serious concerns and objections over the introduction of new procedure for placing it on the watch list of Financial Action Task Force (FATF) and described it as unprecedented and clear violation of the body''''s established r
Published 16 Feb, 2018 12:00am
FO raises objections over introduction of new procedure
Currency

FO raises objections over introduction of new procedure

Pakistan Thursday voiced its serious concerns and objections over the introduction of new procedure for placing it on the watch list of Financial Action Task Force (FATF) and described it as unprecedented and clear violation of the body''s established rul
Published 16 Feb, 2018 12:00am
FO raises objections over introduction of new procedure
Currency

FO raises objections over introduction of new procedure

Pakistan Thursday voiced its serious concerns and objections over the introduction of new procedure for placing it on the watch list of Financial Action Task Force (FATF) and described it as unprecedented and clear violation of the body's established rule
Published 16 Feb, 2018 12:00am
FO raises objections over introduction of new procedure
Currency

FO raises objections over introduction of new procedure

Pakistan Thursday voiced its serious concerns and objections over the introduction of new procedure for placing it on the watch list of Financial Action Task Force (FATF) and described it as unprecedented and clear violation of the body's established rule
Published 16 Feb, 2018 12:00am
FATF watchlist move: government takes stock of grim situation

FATF watchlist move: government takes stock of grim situation

The government Thursday informed the Senate that it looks forward to defeating a move initiated by the US to put Pakistan on a global terror-financing watchlist with an anti-money-laundering monitoring group. Pakistan has been scrambling in recent months
Published 16 Feb, 2018 12:00am
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