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Feb 16, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-05-01
Lords vote to allow UK parliament to block Brexit 'no deal'

Lords vote to allow UK parliament to block Brexit 'no deal'

Members of Britain's unelected House of Lords voted Monday to allow parliament to block the government from leaving the EU without a deal, although the motion must be approved by MPs before taking effect.
Published 01 May, 2018 12:00am
There's political will to bring FATA into mainstream: PM

There's political will to bring FATA into mainstream: PM

Prime Minister Shahid Khaqan Abbasi says basic facilities will be provided to tribal people on priority a basis. Addressing a tribal Jirga in Miranshah, the headquarters of North Waziristan Agency on Monday, he said FATA will be included in the national m
Published 01 May, 2018 12:00am
There's political will to bring FATA into mainstream: PM

There's political will to bring FATA into mainstream: PM

Prime Minister Shahid Khaqan Abbasi says basic facilities will be provided to tribal people on priority a basis. Addressing a tribal Jirga in Miranshah, the headquarters of North Waziristan Agency on Monday, he said FATA will be included in the national m
Published 01 May, 2018 12:00am
10 journalists among dozens killed in Kabul attacks

10 journalists among dozens killed in Kabul attacks

Ten journalists including Agence France-Presse's chief photographer in Kabul, Shah Marai, were among dozens killed in multiple attacks across Afghanistan Monday, in the deadliest day for the country's media since 2001. Two suicide blasts in Kabul killed 2
Published 01 May, 2018 12:00am
10 journalists among dozens killed in Kabul attacks

10 journalists among dozens killed in Kabul attacks

Ten journalists including Agence France-Presse's chief photographer in Kabul, Shah Marai, were among dozens killed in multiple attacks across Afghanistan Monday, in the deadliest day for the country's media since 2001. Two suicide blasts in Kabul killed 2
Published 01 May, 2018 12:00am
Pakistan condemns Kabul attacks

Pakistan condemns Kabul attacks

Pakistan has strongly condemned the twin suicide attacks, killing and injuring scores of innocent people in Kabul. "We are distressed and grieved at the loss of precious human lives. We express our deepest sympathies and heartfelt condolences to the famil
Published 01 May, 2018 12:00am
Pakistan condemns Kabul attacks

Pakistan condemns Kabul attacks

Pakistan has strongly condemned the twin suicide attacks, killing and injuring scores of innocent people in Kabul. "We are distressed and grieved at the loss of precious human lives. We express our deepest sympathies and heartfelt condolences to the famil
Published 01 May, 2018 12:00am
Agriculture sector: joint working Group of CPEC established

Agriculture sector: joint working Group of CPEC established

Federal Minister for Planning, Development and Reform Ahsan Iqbal has said that Joint Working Group of China-Pakistan Economic Corridor (CPEC) for agriculture sector has been established for development of seed, drip-irrigation, fruits and vegetables as w
Published 01 May, 2018 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee sustained its overnight levels against the dollar on the money market on Monday in the process of trading, dealers said. The rupee also held it's week-end levels against the dollar for buying and selling at Rs 115.61 and Rs 115.62 respectively,
Published 01 May, 2018 12:00am
Agriculture sector: joint working Group of CPEC established

Agriculture sector: joint working Group of CPEC established

Federal Minister for Planning, Development and Reform Ahsan Iqbal has said that Joint Working Group of China-Pakistan Economic Corridor (CPEC) for agriculture sector has been established for development of seed, drip-irrigation, fruits and vegetables as w
Published 01 May, 2018 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee sustained its overnight levels against the dollar on the money market on Monday in the process of trading, dealers said. The rupee also held it's week-end levels against the dollar for buying and selling at Rs 115.61 and Rs 115.62 respectively,
Published 01 May, 2018 12:00am
Agriculture sector: joint working Group of CPEC established

Agriculture sector: joint working Group of CPEC established

Federal Minister for Planning, Development and Reform Ahsan Iqbal has said that Joint Working Group of China-Pakistan Economic Corridor (CPEC) for agriculture sector has been established for development of seed, drip-irrigation, fruits and vegetables as w
Published 01 May, 2018 12:00am
EU 'prepared' for US trade tariffs as deadline looms

EU 'prepared' for US trade tariffs as deadline looms

The EU said Monday it was "prepared" for US President Donald Trump imposing controversial tariffs on steel and aluminium from the bloc, as a deadline looms amid growing fears of all-out trade war. The European Union's top trade official Cecilia Malmstrom
Published 01 May, 2018 12:00am
EU 'prepared' for US trade tariffs as deadline looms

EU 'prepared' for US trade tariffs as deadline looms

The EU said Monday it was "prepared" for US President Donald Trump imposing controversial tariffs on steel and aluminium from the bloc, as a deadline looms amid growing fears of all-out trade war. The European Union's top trade official Cecilia Malmstrom
Published 01 May, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (April 30, 2018).

Published 01 May, 2018 12:00am
EU ''prepared'' for US trade tariffs as deadline looms

EU ''prepared'' for US trade tariffs as deadline looms

The EU said Monday it was "prepared" for US President Donald Trump imposing controversial tariffs on steel and aluminium from the bloc, as a deadline looms amid growing fears of all-out trade war. The European Union''s top trade official Cecilia Malmstrom
Published 01 May, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (April 30, 2018).

Published 01 May, 2018 12:00am
Opposition says entire budget based on borrowing
Exchange

Opposition says entire budget based on borrowing

The Senate opened debate on federal budget for 2018-19 on Monday amid praise from treasury while the opposition led by Senator Sherry Rehman did not seem impressed with it at all. In a hard-hitting speech, the Opposition Leader in the Upper House of Parli
Published 01 May, 2018 12:00am
Opposition says entire budget based on borrowing
Exchange

Opposition says entire budget based on borrowing

The Senate opened debate on federal budget for 2018-19 on Monday amid praise from treasury while the opposition led by Senator Sherry Rehman did not seem impressed with it at all. In a hard-hitting speech, the Opposition Leader in the Upper House of Parli
Published 01 May, 2018 12:00am
Opposition says entire budget based on borrowing
Exchange

Opposition says entire budget based on borrowing

The Senate opened debate on federal budget for 2018-19 on Monday amid praise from treasury while the opposition led by Senator Sherry Rehman did not seem impressed with it at all. In a hard-hitting speech, the Opposition Leader in the Upper House of Parli
Published 01 May, 2018 12:00am
Unattended budget proposals: government to form body
Currency

Unattended budget proposals: government to form body

The federal government is to constitute a committee comprising all the concerned stakeholders to finalise recommendations for continuation of exports incentives package and tariff rationalisation proposals which remained unattended in the federal budget 2
Published 01 May, 2018 12:00am
Unattended budget proposals: government to form body
Currency

Unattended budget proposals: government to form body

The federal government is to constitute a committee comprising all the concerned stakeholders to finalise recommendations for continuation of exports incentives package and tariff rationalisation proposals which remained unattended in the federal budget 2
Published 01 May, 2018 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (April 30, 2018).

Published 01 May, 2018 12:00am
Unattended budget proposals: government to form body
Currency

Unattended budget proposals: government to form body

The federal government is to constitute a committee comprising all the concerned stakeholders to finalise recommendations for continuation of exports incentives package and tariff rationalisation proposals which remained unattended in the federal budget 2
Published 01 May, 2018 12:00am
Unattended budget proposals: government to form body
Currency

Unattended budget proposals: government to form body

The federal government is to constitute a committee comprising all the concerned stakeholders to finalise recommendations for continuation of exports incentives package and tariff rationalisation proposals which remained unattended in the federal budget 2
Published 01 May, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (April 30, 2018)

Published 01 May, 2018 12:00am
SECP's directives to financial institutions
Exchange

SECP's directives to financial institutions

Securities and Exchange Commission of Pakistan (SECP) has directed financial institutions to implement appropriate internal risk management systems, policies, procedures and controls to determine if any of their customers is a politically exposed person (
Published 01 May, 2018 12:00am
SECP's directives to financial institutions
Exchange

SECP's directives to financial institutions

Securities and Exchange Commission of Pakistan (SECP) has directed financial institutions to implement appropriate internal risk management systems, policies, procedures and controls to determine if any of their customers is a politically exposed person (
Published 01 May, 2018 12:00am
SECP''s directives to financial institutions
Exchange

SECP''s directives to financial institutions

Securities and Exchange Commission of Pakistan (SECP) has directed financial institutions to implement appropriate internal risk management systems, policies, procedures and controls to determine if any of their customers is a politically exposed person (
Published 01 May, 2018 12:00am
BRIndex100 inches down
Exchange

BRIndex100 inches down

Pakistan Stock Exchange (PSX) stayed dull on Monday - the first session after budget FY19 announcement. BRIndex100 lost 1.76 points or 0.04 percent to close at 4,872.00 points on Monday compared to 4,873.76 points on Friday. BRIndex100 touched an intraday
Published 01 May, 2018 12:00am
BRIndex100 inches down
Exchange

BRIndex100 inches down

Pakistan Stock Exchange (PSX) stayed dull on Monday - the first session after budget FY19 announcement. BRIndex100 lost 1.76 points or 0.04 percent to close at 4,872.00 points on Monday compared to 4,873.76 points on Friday. BRIndex100 touched an intraday
Published 01 May, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (April 30, 2018).

Published 01 May, 2018 12:00am
July-April collection up over 16 percent

July-April collection up over 16 percent

The Federal Board of Revenue (FBR) has provisionally collected over Rs2,922 billion during July-April (2017-18) against Rs2,513 billion collected during the same period of the fiscal year 2016-17, reflecting an increase of over 16 percent.
Published 01 May, 2018 12:00am
July-April collection up over 16 percent

July-April collection up over 16 percent

The Federal Board of Revenue (FBR) has provisionally collected over Rs2,922 billion during July-April (2017-18) against Rs2,513 billion collected during the same period of the fiscal year 2016-17, reflecting an increase of over 16 percent.
Published 01 May, 2018 12:00am
Labour Day today

Labour Day today

International Labour Day also known as May Day is being marked across the country like other parts of the world on Tuesday (today) with a resolve to continue efforts for safeguarding the rights of workers by giving them due place in society.
Published 01 May, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (April 30, 2018).

Published 01 May, 2018 12:00am
Labour Day today

Labour Day today

International Labour Day also known as May Day is being marked across the country like other parts of the world on Tuesday (today) with a resolve to continue efforts for safeguarding the rights of workers by giving them due place in society.
Published 01 May, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (April 30, 2018).

Published 01 May, 2018 12:00am
The Weather

The Weather

The weather report on Monday (April 30, 2018) and the forecast for Tuesday (May 01, 2018).

Published 01 May, 2018 12:00am
PSX remains under pressure in April
Mutual Funds

PSX remains under pressure in April

KSE-100 index turned bearish during the April 2018 as it registered a loss of 71 points or 0.16 percent Month on Month basis (MoM) and finally closed at the 45,489 points index level. According to a report issued by Spectrum Securities Limited, during the
Published 01 May, 2018 12:00am
PSX remains under pressure in April
Mutual Funds

PSX remains under pressure in April

KSE-100 index turned bearish during the April 2018 as it registered a loss of 71 points or 0.16 percent Month on Month basis (MoM) and finally closed at the 45,489 points index level. According to a report issued by Spectrum Securities Limited, during the
Published 01 May, 2018 12:00am
PSX remains under pressure in April
Mutual Funds

PSX remains under pressure in April

KSE-100 index turned bearish during the April 2018 as it registered a loss of 71 points or 0.16 percent Month on Month basis (MoM) and finally closed at the 45,489 points index level. According to a report issued by Spectrum Securities Limited, during the
Published 01 May, 2018 12:00am
Putin, Macron diverge on Iran deal as Trump decides
Exchange

Putin, Macron diverge on Iran deal as Trump decides

Russian President Vladimir Putin and French leader Emmanuel Macron launched a joint defence of the Iranian nuclear deal on Monday but expressed differences on how to move forward as US President Donald Trump weighs up whether to scrap it.
Published 01 May, 2018 12:00am
Putin, Macron diverge on Iran deal as Trump decides
Exchange

Putin, Macron diverge on Iran deal as Trump decides

Russian President Vladimir Putin and French leader Emmanuel Macron launched a joint defence of the Iranian nuclear deal on Monday but expressed differences on how to move forward as US President Donald Trump weighs up whether to scrap it.
Published 01 May, 2018 12:00am
Muhammad Aurangzeb joins HBL as President, CEO

Muhammad Aurangzeb joins HBL as President, CEO

Habib Bank Limited (HBL), the largest bank in Pakistan, is pleased to announce that Muhammad Aurangzeb has joined HBL as the President and CEO with effect from April 30, 2018. Aurangzeb is a well respected and seasoned banker with more than 30 years of di
Published 01 May, 2018 12:00am
Muhammad Aurangzeb joins HBL as President, CEO

Muhammad Aurangzeb joins HBL as President, CEO

Habib Bank Limited (HBL), the largest bank in Pakistan, is pleased to announce that Muhammad Aurangzeb has joined HBL as the President and CEO with effect from April 30, 2018. Aurangzeb is a well respected and seasoned banker with more than 30 years of di
Published 01 May, 2018 12:00am
Muhammad Aurangzeb joins HBL as President, CEO

Muhammad Aurangzeb joins HBL as President, CEO

Habib Bank Limited (HBL), the largest bank in Pakistan, is pleased to announce that Muhammad Aurangzeb has joined HBL as the President and CEO with effect from April 30, 2018. Aurangzeb is a well respected and seasoned banker with more than 30 years of di
Published 01 May, 2018 12:00am
Panasonic fined $280 million by US in bribery scheme
Exchange

Panasonic fined $280 million by US in bribery scheme

Panasonic will pay $280 million in fines to settle charges over bribes to an employee at government-owned airline to win business for its aircraft electronics unit, US authorities announced Monday. Panasonic Avionics Corporation, a subsidiary of the Japan
Published 01 May, 2018 12:00am
Panasonic fined $280 million by US in bribery scheme
Exchange

Panasonic fined $280 million by US in bribery scheme

Panasonic will pay $280 million in fines to settle charges over bribes to an employee at government-owned airline to win business for its aircraft electronics unit, US authorities announced Monday. Panasonic Avionics Corporation, a subsidiary of the Japan
Published 01 May, 2018 12:00am
Stormy Daniels sues Trump for defamation

Stormy Daniels sues Trump for defamation

Porn star Stormy Daniels, who claims she had an affair with Donald Trump in 2006, filed a lawsuit against the president on Monday for defamation. Daniels, whose real name is Stephanie Clifford, lodged the complaint with the US District Court for the South
Published 01 May, 2018 12:00am
Stormy Daniels sues Trump for defamation

Stormy Daniels sues Trump for defamation

Porn star Stormy Daniels, who claims she had an affair with Donald Trump in 2006, filed a lawsuit against the president on Monday for defamation. Daniels, whose real name is Stephanie Clifford, lodged the complaint with the US District Court for the South
Published 01 May, 2018 12:00am
Iftikhar Ali Malik new SVP of Saarc Chamber

Iftikhar Ali Malik new SVP of Saarc Chamber

Chairman of the United Business Group (UBG) of the Federation of Pakistan Chambers of Commerce and Industry, Iftikhar Ali Malik has been appointed as Senior Vice President of SAARC Chamber of Commerce and Industry.
Published 01 May, 2018 12:00am
Most parts of country sizzle

Most parts of country sizzle

Most parts of the country sizzled under intense heat wave as mercury surged up to 50 degree Celsius at Jacobabad, Sh.Benazirbad, 49 degrees Celsius at Larkana, Padidan, Moenjodaro, Sukkur and 48 C at Dadu, Rohri, R.Y.Khan. While it ranged between 40 and 4
Published 01 May, 2018 12:00am
Seven injured as JI office attacked in Karachi

Seven injured as JI office attacked in Karachi

Seven persons were injured when armed men attacked Jamaat-e-Islami (JI) office in F B Area Block 13, here Monday. Sindh JI Emir Merajul Huda Siddiqui blamed MQM saying a charged mob of around 40 to 50 persons holding sticks came on motorbikes around 4pm a
Published 01 May, 2018 12:00am
LG unveils new VRF air-conditioning technology

LG unveils new VRF air-conditioning technology

Following a successful launch in many markets around the world, LG Electronics (LG) has announced the release of its brand new MULTI VTM 5 Variable Refrigerant Flow (VRF) Air conditioning solution designed to offer exceptional performance.
Published 01 May, 2018 12:00am
MAP elects new office-bearers

MAP elects new office-bearers

The Marketing Association of Pakistan (MAP) elected its new office-bearers for the 2018-2019 term at their Annual General Meeting (AGM) held in Karachi. At the meeting, Syed Ali Hasan Naqvi, Head of Marketing at the DAWN Media Group was elected President
Published 01 May, 2018 12:00am
Cool & Cool organises first beauty show

Cool & Cool organises first beauty show

Pakistan's first beauty show 2018 "BEAUTY AND YOU" was held at Global Marquee by Cool & Cool for three days. It was attended by number of families and famous brands had displayed their products. The show included food court and play land for children. Gif
Published 01 May, 2018 12:00am
MMA leadership to steer country out of crises: Baloch

MMA leadership to steer country out of crises: Baloch

Secretary General, Jamaat-e-Islami, Liaqat Baloch, has said that the politicians, who have been tested and tried many a time, were an undue burden on the national politics and the religious leadership in the MMA would steer the country out of the numerous
Published 01 May, 2018 12:00am
Customs values of different types of medicines revised

Customs values of different types of medicines revised

Directorate General Customs Valuation (DGCV) has revised the customs values of different types of medicines under section 25(7) of the Customs Act, 1969. According to details, the customs values of different types of medicines were earlier determined vide
Published 01 May, 2018 12:00am
China emerges top destination for Pakistani students
Exchange

China emerges top destination for Pakistani students

China has recently emerged as top destination for Pakistani students, who prefer Chinese educational institutions for their higher study, mainly in medical and engineering field. The number of overall foreigners enrolled at Chinese universities has risen
Published 01 May, 2018 12:00am
Mobile sets manufacturing to bring FDI, says PBIF chief

Mobile sets manufacturing to bring FDI, says PBIF chief

President of Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has said that five companies have submitted applications for setting up assembly line of mobile sets manufacturing, which is need of the time in view of high use of mobi
Published 01 May, 2018 12:00am
Body to sort out budget anomalies: Mazhar

Body to sort out budget anomalies: Mazhar

FPCCI's senior vice president and chairman of its Budget Advisory Council, Syed Mazhar Ali Nasir, has expressed hope that anomalies of the federal fiscal budget for 2018-19 will be addressed at the meeting of the anomaly committee.
Published 01 May, 2018 12:00am
Budget disappoints stockbrokers, TREC holders
Exchange

Budget disappoints stockbrokers, TREC holders

Pakistan Stock Exchange (PSX) stockbrokers have expressed disappointment over the federal budget 2018-19. "The Federal Budget for 2018-19 has disappointed the Stockbrokers/TREC Holders of Pakistan Stock Exchange (PSX) as most of its proposals were ignored
Published 01 May, 2018 12:00am
Habib University to host first commencement ceremony

Habib University to host first commencement ceremony

After four successful years, Habib University will be hosting its first commencement ceremony on its campus. Habib University was built following the Habib family's philanthropic legacy on removing barriers to quality education in Pakistan.
Published 01 May, 2018 12:00am
Sindh Government proposes increase in 32 taxes, levies
Cotton

Sindh Government proposes increase in 32 taxes, levies

Sindh Government has proposed increase in 32 taxes and levies to register Rs 36 billion growth in its provincial revenue for the next financial year. The revenue target of the province for next fiscal has been proposed at Rs 230 billion compared to Rs 194
Published 01 May, 2018 12:00am
PIA to operate first commercial flight to NIIA today

PIA to operate first commercial flight to NIIA today

PIA will be the first airline to operate commercial flight to the New Islamabad International Airport (NIIA) on Tuesday, May 1, 2018. PIA's flight PK 300 from Karachi will land at New Islamabad International Airport at 11: 00 am. The passengers of the fli
Published 01 May, 2018 12:00am
Two held for allegedly raping seven-year-old girl

Two held for allegedly raping seven-year-old girl

Two men have been arrested for reportedly raping a seven-year-old girl in Larkana, police said on Monday. The two men were taken into custody after neighbours handed them over to the police. "Neighbours heard a girl's cries for help from a nearby store an
Published 01 May, 2018 12:00am
Fair wages for women cotton pickers demanded
Cotton

Fair wages for women cotton pickers demanded

Speakers in a dialogue on issues of women cotton pickers organized by Sindh Community Foundation at its office here in connection with International Labour Day, urged fair wages for women cotton pickers. Women cotton pickers from different areas of Hydera
Published 01 May, 2018 12:00am
Japan, UAE agree to expand cooperation during Abe's visit

Japan, UAE agree to expand cooperation during Abe's visit

Japan and its top trade partner in the Middle East, the United Arab Emirates, agreed on Monday to expand economic, political and defence cooperation. Tokyo and Abu Dhabi also signed an investment protection agreement, capping off a two-day visit by Japan'
Published 01 May, 2018 12:00am
Ulema's role for advocacy of love, brotherhood urged

Ulema's role for advocacy of love, brotherhood urged

Deputy Commissioner Lahore Sumair Ahmed Syed has said that it is the duty of religious scholars of different sects of Islam and other religions to promote peace and harmony in the society. He expressed these views while chairing a meeting of District Peac
Published 01 May, 2018 12:00am
'Farmers not being paid price of sugarcane set by government'

'Farmers not being paid price of sugarcane set by government'

Legislators of opposition benches in Punjab Assembly (PA) expressed their concerns over exploitation of farmers, claiming they (farmers) were being exploited through different tactics and not being paid the price of sugarcane set by the government. They a
Published 01 May, 2018 12:00am
SC dismisses review petition

SC dismisses review petition

A full bench of the Supreme Court Pakistan dismissed a review petition against Article 202 of the Election Act 2017, which requires political parties to pay Rs 200,000 for enlistment to participate in elections. Pakistan Millat Party through its secretary
Published 01 May, 2018 12:00am
Pompeo puts onus on Palestinians to rejoin talks

Pompeo puts onus on Palestinians to rejoin talks

US Secretary of State Mike Pompeo wound up a three-day Middle East trip Monday without having met any Palestinian, but nevertheless urged their leadership to rejoin the peace process. Washington's newly appointed top diplomat received a warm reception in
Published 01 May, 2018 12:00am
Netanyahu says has new 'proof' of Iran nuclear weapons programme

Netanyahu says has new 'proof' of Iran nuclear weapons programme

Israeli Prime Minister Benjamin Netanyahu said in a televised address Monday he had new "proof" of an Iranian nuclear weapons plan that could be activated at any time, as the US considers whether to pull out of the atomic accord with Tehran.
Published 01 May, 2018 12:00am
Seeking security support, Nigeria's president meets Trump

Seeking security support, Nigeria's president meets Trump

Nigeria's fight against the Boko Haram jihadist group was expected to top the menu for talks Monday when President Donald Trump meets Nigeria's Muhammadu Buhari, president of Africa's most populous and wealthiest country.
Published 01 May, 2018 12:00am
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