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May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-02-22
Cyprus urges Turkey to end gas standoff, resume peace talks

Cyprus urges Turkey to end gas standoff, resume peace talks

Cyprus President Nicos Anastasiades on Wednesday urged Turkey to lift its blockade of offshore gas exploration that would benefit both the Greek and Turkish Cypriots once the island is reunited. "The rhetoric by Turkey and the Turkish Cypriots is unjustif
Published 22 Feb, 2018 12:00am
World Bank official speaks about external account
Exchange

World Bank official speaks about external account

The World Bank Country Director Patchamuthu Illangovan on Wednesday said that Pakistan''s external account problems resurfaced due to lack of political consensus. ''Pakistan did well in first three years of the government as the GDP growth soared but in l
Published 22 Feb, 2018 12:00am
PSM, PIA: Minister seeks to ease sell-off concerns

PSM, PIA: Minister seeks to ease sell-off concerns

The opposition Pakistan People's Party (PPP) in Senate on Wednesday cast doubts over government's "hasty" decision to privatize Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM), citing Prime Minister Shahid Khaqan Abbai's association w
Published 22 Feb, 2018 12:00am
PSM, PIA: Minister seeks to ease sell-off concerns

PSM, PIA: Minister seeks to ease sell-off concerns

The opposition Pakistan People's Party (PPP) in Senate on Wednesday cast doubts over government's "hasty" decision to privatize Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM), citing Prime Minister Shahid Khaqan Abbai's association w
Published 22 Feb, 2018 12:00am
PSM, PIA: Minister seeks to ease sell-off concerns

PSM, PIA: Minister seeks to ease sell-off concerns

The opposition Pakistan People''s Party (PPP) in Senate on Wednesday cast doubts over government''s "hasty" decision to privatize Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM), citing Prime Minister Shahid Khaqan Abbai''s associatio
Published 22 Feb, 2018 12:00am
Global cybercrime costs $600 billion annually: study
Currency

Global cybercrime costs $600 billion annually: study

The annual cost of cybercrime has hit $600 billion worldwide, fueled by growing sophistication of hackers and proliferation of criminal marketplaces and cryptocurrencies, researchers said Wednesday. A report by the security firm McAfee with the Center for
Published 22 Feb, 2018 12:00am
Global cybercrime costs $600 billion annually: study
Currency

Global cybercrime costs $600 billion annually: study

The annual cost of cybercrime has hit $600 billion worldwide, fueled by growing sophistication of hackers and proliferation of criminal marketplaces and cryptocurrencies, researchers said Wednesday. A report by the security firm McAfee with the Center for
Published 22 Feb, 2018 12:00am
Feeders with rising losses to face extra load-shedding: minister

Feeders with rising losses to face extra load-shedding: minister

Minister for Power Division, Sardar Awais Ahmad Khan Leghari Wednesday said that Discos' financial losses have increased manifold and the government would increase the load management hours for those feeders with rising losses. In December 2017, Power Min
Published 22 Feb, 2018 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 22 Feb, 2018 12:00am
Feeders with rising losses to face extra load-shedding: minister

Feeders with rising losses to face extra load-shedding: minister

Minister for Power Division, Sardar Awais Ahmad Khan Leghari Wednesday said that Discos' financial losses have increased manifold and the government would increase the load management hours for those feeders with rising losses. In December 2017, Power Min
Published 22 Feb, 2018 12:00am
Feeders with rising losses to face extra load-shedding: minister

Feeders with rising losses to face extra load-shedding: minister

Minister for Power Division, Sardar Awais Ahmad Khan Leghari Wednesday said that Discos'' financial losses have increased manifold and the government would increase the load management hours for those feeders with rising losses. In December 2017, Power Mi
Published 22 Feb, 2018 12:00am
BRIndex100 stays bearish
Exchange

BRIndex100 stays bearish

A bearish trend continued on Pakistan Stock Exchange due to selling in various sectors Wednesday. BRIndex100 lost 52.75 points or 1.14 percent to close at 4,588.99 points. BRIndex100 touched intraday high of 4,683.55 and intraday low of 4,579.83 points. V
Published 22 Feb, 2018 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 22 Feb, 2018 12:00am
BRIndex100 stays bearish
Exchange

BRIndex100 stays bearish

A bearish trend continued on Pakistan Stock Exchange due to selling in various sectors Wednesday. BRIndex100 lost 52.75 points or 1.14 percent to close at 4,588.99 points. BRIndex100 touched intraday high of 4,683.55 and intraday low of 4,579.83 points. V
Published 22 Feb, 2018 12:00am
BRIndex100 stays bearish
Exchange

BRIndex100 stays bearish

A bearish trend continued on Pakistan Stock Exchange due to selling in various sectors Wednesday. BRIndex100 lost 52.75 points or 1.14 percent to close at 4,588.99 points. BRIndex100 touched intraday high of 4,683.55 and intraday low of 4,579.83 points. V
Published 22 Feb, 2018 12:00am
PTI to hold rally in support of SC: Imran

PTI to hold rally in support of SC: Imran

Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan has said that PTI will hold a massive public rally in support of Supreme Court in the federal capital for which he will soon announce a date. Addressing the media after a meeting of the PTI's parliamentary p
Published 22 Feb, 2018 12:00am
PTI to hold rally in support of SC: Imran

PTI to hold rally in support of SC: Imran

Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan has said that PTI will hold a massive public rally in support of Supreme Court in the federal capital for which he will soon announce a date. Addressing the media after a meeting of the PTI's parliamentary p
Published 22 Feb, 2018 12:00am
Confrontation will be counter-productive: Zardari

Confrontation will be counter-productive: Zardari

President Pakistan People's Party Parliamentar-ians (PPPP), Asif Ali Zar-dari has said that everyone should respect the Supreme Court's verdict. Asif Ali Zardari said that the government must not lose sight of the fact that confrontation with state instit
Published 22 Feb, 2018 12:00am
Confrontation will be counter-productive: Zardari

Confrontation will be counter-productive: Zardari

President Pakistan People's Party Parliamentar-ians (PPPP), Asif Ali Zar-dari has said that everyone should respect the Supreme Court's verdict. Asif Ali Zardari said that the government must not lose sight of the fact that confrontation with state instit
Published 22 Feb, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (February 21, 2018).

Published 22 Feb, 2018 12:00am
Melania Trump's immigrant parents become US residents

Melania Trump's immigrant parents become US residents

First lady Melania Trump's parents have become permanent US residents, their lawyer said Wednesday, apparently taking advantage of a family unification program pilloried by the president. "I can confirm that Mrs. Trump's parents are both lawfully admitted
Published 22 Feb, 2018 12:00am
TI sees graft fight at global standstill

TI sees graft fight at global standstill

Governments are not doing enough in the global fight against graft, anti-corruption watchdog Transparency International (TI) said Wednesday as it presented its annual corruption perceptions index. Many nations have made no progress at all over the past si
Published 22 Feb, 2018 12:00am
Rashid moves NAB against PM, Safdar

Rashid moves NAB against PM, Safdar

President Awami Muslim League (AML) Sheikh Rashid Ahmed on Wednesday filed an application with National Accountability Bureau (NAB) after his petition was rejected by Supreme Court of Pakistan in alleged corruption in liquefied natural gas (LNG) contract
Published 22 Feb, 2018 12:00am
Rashid moves NAB against PM, Safdar

Rashid moves NAB against PM, Safdar

President Awami Muslim League (AML) Sheikh Rashid Ahmed on Wednesday filed an application with National Accountability Bureau (NAB) after his petition was rejected by Supreme Court of Pakistan in alleged corruption in liquefied natural gas (LNG) contract
Published 22 Feb, 2018 12:00am
Russia appoints honorary consul in KP

Russia appoints honorary consul in KP

Russia has named an honorary consul in Khyber Pukhtunkhwa on the Afghan border, signalling closer ties with Islamabad at a time when US-Pakistani relations are spiralling downward. The appointment of Arsala Khan as honorary consul general in the Khyber Pu
Published 22 Feb, 2018 12:00am
THE RUPEE: more erosion
Currency

THE RUPEE: more erosion

Further erosion was seen in the value of the rupee versus the dollar on the money market on Wednesday in the process of trading, currency experts said. According to the market sources, number of buyers increased which helped the dollar to move up in terms
Published 22 Feb, 2018 12:00am
Russia appoints honorary consul in KP

Russia appoints honorary consul in KP

Russia has named an honorary consul in Khyber Pukhtunkhwa on the Afghan border, signalling closer ties with Islamabad at a time when US-Pakistani relations are spiralling downward. The appointment of Arsala Khan as honorary consul general in the Khyber Pu
Published 22 Feb, 2018 12:00am
THE RUPEE: more erosion
Currency

THE RUPEE: more erosion

Further erosion was seen in the value of the rupee versus the dollar on the money market on Wednesday in the process of trading, currency experts said. According to the market sources, number of buyers increased which helped the dollar to move up in terms
Published 22 Feb, 2018 12:00am
Gaza to pump sewage straight into sea as crisis worsens

Gaza to pump sewage straight into sea as crisis worsens

Municipalities in Gaza announced Wednesday they will pump sewage straight into the sea from the Palestinian coastal enclave due to fuel shortages and the desperate humanitarian situation in the strip. "The beaches of the Gaza Strip will be completely clos
Published 22 Feb, 2018 12:00am
Gaza to pump sewage straight into sea as crisis worsens

Gaza to pump sewage straight into sea as crisis worsens

Municipalities in Gaza announced Wednesday they will pump sewage straight into the sea from the Palestinian coastal enclave due to fuel shortages and the desperate humanitarian situation in the strip. "The beaches of the Gaza Strip will be completely clos
Published 22 Feb, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 21, 2018).

Published 22 Feb, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 21, 2018).

Published 22 Feb, 2018 12:00am
NAB arrests former DG LDA Ahad Cheema

NAB arrests former DG LDA Ahad Cheema

The National Accountability Bureau (NAB) has arrested former director general of Lahore Development Authority (LDA) Ahad Cheema, a spokesman confirmed on Wednesday. Cheema is facing charges of illegally allotting land for Ashiana Housing Scheme in the Pun
Published 22 Feb, 2018 12:00am
NAB arrests former DG LDA Ahad Cheema

NAB arrests former DG LDA Ahad Cheema

The National Accountability Bureau (NAB) has arrested former director general of Lahore Development Authority (LDA) Ahad Cheema, a spokesman confirmed on Wednesday. Cheema is facing charges of illegally allotting land for Ashiana Housing Scheme in the Pun
Published 22 Feb, 2018 12:00am
Banks disburse Rs 500 billion agriculture loans in seven months

Banks disburse Rs 500 billion agriculture loans in seven months

With a 42 percent hefty growth, banks disbursed some Rs 500 billion on account of agricultural credit during the first seven months (July-Jan) of this fiscal year (FY18). According to State Bank of Pakistan (SBP), commercial banks, specialized banks, Isla
Published 22 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 21, 2018)

Published 22 Feb, 2018 12:00am
Banks disburse Rs 500 billion agriculture loans in seven months

Banks disburse Rs 500 billion agriculture loans in seven months

With a 42 percent hefty growth, banks disbursed some Rs 500 billion on account of agricultural credit during the first seven months (July-Jan) of this fiscal year (FY18). According to State Bank of Pakistan (SBP), commercial banks, specialized banks, Isla
Published 22 Feb, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (February 21, 2018).

Published 22 Feb, 2018 12:00am
Banks disburse Rs 500 billion agriculture loans in seven months

Banks disburse Rs 500 billion agriculture loans in seven months

With a 42 percent hefty growth, banks disbursed some Rs 500 billion on account of agricultural credit during the first seven months (July-Jan) of this fiscal year (FY18). According to State Bank of Pakistan (SBP), commercial banks, specialized banks, Isla
Published 22 Feb, 2018 12:00am
Banks disburse Rs 500 billion agriculture loans in seven months

Banks disburse Rs 500 billion agriculture loans in seven months

With a 42 percent hefty growth, banks disbursed some Rs 500 billion on account of agricultural credit during the first seven months (July-Jan) of this fiscal year (FY18). According to State Bank of Pakistan (SBP), commercial banks, specialized banks, Isla
Published 22 Feb, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (February 21, 2018).

Published 22 Feb, 2018 12:00am
The Weather

The Weather

The weather report on Wednesday (February 21, 2018) and the forecast for Wednesday (February 21, 2018).

Published 22 Feb, 2018 12:00am
Former SC judge Wajih expelled from CEC's office
Exchange

Former SC judge Wajih expelled from CEC's office

Former Justice Wajihuddin Ahmed was expelled from the office of Chief Election Commissioner Sardar Muhammad Raza on Wednesday after an exchange of heated words while he later announced that he would move the Supreme Judicial Council against the CEC. The p
Published 22 Feb, 2018 12:00am
Former SC judge Wajih expelled from CEC's office
Exchange

Former SC judge Wajih expelled from CEC's office

Former Justice Wajihuddin Ahmed was expelled from the office of Chief Election Commissioner Sardar Muhammad Raza on Wednesday after an exchange of heated words while he later announced that he would move the Supreme Judicial Council against the CEC. The p
Published 22 Feb, 2018 12:00am
Merkel warns against China's influence in Balkans

Merkel warns against China's influence in Balkans

German Chancellor Angela Merkel warned Wednesday that China must not link its investments in the western Balkans to political demands. "I have no objections to the fact that China wants to trade ... and to invest," Merkel said at a Berlin joint press conf
Published 22 Feb, 2018 12:00am
Merkel warns against China's influence in Balkans

Merkel warns against China's influence in Balkans

German Chancellor Angela Merkel warned Wednesday that China must not link its investments in the western Balkans to political demands. "I have no objections to the fact that China wants to trade ... and to invest," Merkel said at a Berlin joint press conf
Published 22 Feb, 2018 12:00am
Cold, dry weather likely

Cold, dry weather likely

The Met Office on Wednesday forecast mainly cold and dry weather for the most parts of the country in the next 24 hours. Temperature in Astore was minus 3 degrees Celsius, Hunza, Parachinar, Skardu, Bagrote and Gupis minus 1, each, as cold and dry weather
Published 22 Feb, 2018 12:00am
Maulana Samiul Haq hospitalised

Maulana Samiul Haq hospitalised

Jamiat-e-Ulema-e-Islam (Sami) chief Maulana Samiul Haq fell ill and was shifted to a private hospital in Nowshera on Wednesday. Family sources said that Maulana Samiul Haq is unconscious and he was shifted to a Rawalpindi hospital as his condition deterio
Published 22 Feb, 2018 12:00am
Seminar on 'Anti-drug awareness' held

Seminar on 'Anti-drug awareness' held

Secretary Ministry of Excise and Taxation, Narcotics Control Department, Khyber Pakhtunkhwa, Javed Marwat said that youth are the main victims of drug menace that is spreading due to increasing isolation in the society caused by excessive use of mobiles a
Published 22 Feb, 2018 12:00am
CPNE seminar seeks media role in creating harmony among institutions

CPNE seminar seeks media role in creating harmony among institutions

Independent media is vital to strengthen democracy while it should also play its role in creating harmony among institutions instead of fanning differences in state organs. Speakers expressed these views while addressing a seminar titled "Challenges faced
Published 22 Feb, 2018 12:00am
57th anniversary of Kuwait's Independence Day marked

57th anniversary of Kuwait's Independence Day marked

The embassy of state of Kuwait in Pakistan on Wednesday organised an official reception to mark the 57th anniversary of its Independent Day and the 27th anniversary of liberation day. Minister for Federal Education and Professional Training, Muhammad Bali
Published 22 Feb, 2018 12:00am
Projects of NGOs, INGOs in Fata examined

Projects of NGOs, INGOs in Fata examined

A sub-committee of Senate Standing Committee on States and Frontier Regions (Safron) met here on Wednesday to examine ongoing development projects being run by international and local NGOs in federally administered tribal areas (Fata). The meeting convene
Published 22 Feb, 2018 12:00am
Qadri describes court's judgment as victory of state, constitution

Qadri describes court's judgment as victory of state, constitution

Pakistan Awami Tehreek (PAT)chief Dr Tahirul Qadri said that the Supreme Court's historic judgment ousting Nawaz Sharif even as party head is a victory of state, Constitution and democracy in Pakistan. Commenting on the judgment he predicted that the ex-P
Published 22 Feb, 2018 12:00am
Pakistan announces subscription to IAEA's supplementary guidance

Pakistan announces subscription to IAEA's supplementary guidance

Pakistan has conveyed to the International Atomic Energy Agency (IAEA) its intention to subscribe to the Guidance on the Import and Export of Radioactive Sources. According to a statement issued by foreign office, guidance supplements the code of conduct
Published 22 Feb, 2018 12:00am
Education, economic prosperity important to address violence: PM

Education, economic prosperity important to address violence: PM

Prime Minister Shahid Khaqan Abbasi on Wednesday said that focus education and economic prosperity were important to address the problems relating to violence in the society. The Prime Minister expressed these views in a meeting with a delegation of stude
Published 22 Feb, 2018 12:00am
Law passed to ban lavish expenditure on weddings

Law passed to ban lavish expenditure on weddings

Khyber Pakhtunkhwa Assembly on Wednesday passed KP Marriage Functions (Prohibition of Ostentatious Displays and Wasteful Expenses) Bill, 2018 to prohibit lavish expenditures on marriages and relieve the poor segment from the undue burden. The bill was mov
Published 22 Feb, 2018 12:00am
Speeding bus kills student in Pindi

Speeding bus kills student in Pindi

A student has died when a local bus in Rawalpindi ran over when he was trying to get onto it on Wednesday. According to fellow students who witnessed the incident, the victim was trying to get on the bus. As soon as the driver came to know that a student
Published 22 Feb, 2018 12:00am
Training session on microfinance industry held
Exchange

Training session on microfinance industry held

The Centre for Excellence in Islamic Finance, Institute of Management Sciences (CEIF IMSciences) and Learning & Development Division of Bank Alfalah Limited (BAL) have conducted a rigorous training on "Assessing Institutional Performance of Microfinance I
Published 22 Feb, 2018 12:00am
PRGMEA chief hails renewal of GSP plus
Currency

PRGMEA chief hails renewal of GSP plus

The business community has welcomed the renewal of GSP plus scheme for two years. Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA), Shaikh Mohammad Shafiq, while appreciating the renewal of GSP+ scheme for two years, s
Published 22 Feb, 2018 12:00am
Mothers must focus on upbringing of children: Faryal

Mothers must focus on upbringing of children: Faryal

Pakistan Peoples Party (PPP) leader and Member National Assembly (MNA) Faryal Talpur has said that mothers should accord special attention in upbringing and protection of the children. She stated this while addressing the ceremony at Sindh Assembly's Audi
Published 22 Feb, 2018 12:00am
FPCCI hails FATF's decision

FPCCI hails FATF's decision

President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Ghazanfar Bilour has welcomed the decision of Financial Action Task Force (FATF) a global body that fights terrorist financing and money laundering by rejecting sponsored resoluti
Published 22 Feb, 2018 12:00am
PBIF chief for developing Sukkur to attract investment

PBIF chief for developing Sukkur to attract investment

President Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain said that in order to promote and attract investment in Sukkur, it is necessary to develop in accordance to modern day needs, in which the political influentials of the city
Published 22 Feb, 2018 12:00am
Advisory for farmers

Advisory for farmers

The Met Office on Wednesday warned the farmers of a considerable yield loss from outgrowth of weeds in standing crops, saying that the unneeded plants should be eradicated for a better production. It said the weeds that sprout within the standing crops in
Published 22 Feb, 2018 12:00am
Sundar Expo to promote industrialization: minister

Sundar Expo to promote industrialization: minister

Provincial Minister Industries Commerce & Trade Sheikh Alauddin has said that Sundar Expo 2018, which is one of the largest industrial exhibitions in the province this year, would promote industrialization and growth across all manufacturing sectors.
Published 22 Feb, 2018 12:00am
NESPAK wins 409MW Torcamp Godubar Hydropower Project

NESPAK wins 409MW Torcamp Godubar Hydropower Project

National Engineering Services Pakistan (NESPAK) private limited attained another milestone in the hydropower sector by winning a project titled "409 MW Torcamp Godubar Hydropower Project" through competitive bidding. Pakhtunkhwa Energy Development Organiz
Published 22 Feb, 2018 12:00am
PFA imports milk analyzer machines

PFA imports milk analyzer machines

The Punjab Food Authority (PFA) has imported three milk analyzer machines with fully equipped latest technology from Italy for getting quick results. Director General PFA Noorul Amin Mengal said that machines will be installed in mobile laboratories in th
Published 22 Feb, 2018 12:00am
Rajwana terms business community 'backbone of economy'

Rajwana terms business community 'backbone of economy'

Governor Punjab Rafique Rajwana has said that the business community is backbone of economy and it must be facilitated for sustainable economic growth of the country. He was speaking at the Lahore Chamber of Commerce and Industry here on Wednesday. The Go
Published 22 Feb, 2018 12:00am
FCCI chief for political stability, positive economic policies

FCCI chief for political stability, positive economic policies

Political stability coupled with positive and long term economic policies will make Faisalabad one of the fastest growing industrial, commercial and business hubs of this region, said Shabbir Hussain Chawla president Faisalabad Chamber of commerce and Ind
Published 22 Feb, 2018 12:00am
Punjab government cooperating with NAB: CM

Punjab government cooperating with NAB: CM

Terming as false the impression created by the National Accountability Bureau (NAB) that the Punjab government is not cooperating with the NAB, Punjab Chief Minister Shahbaz Sharif said on Wednesday that officials have clear instructions to lend full coop
Published 22 Feb, 2018 12:00am
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