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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-07-31
Illusory boom in manufacturing
Cotton

Illusory boom in manufacturing

The Pakistan Economic Survey has declared the year, 2017-18, as the best year for the growth of the large-scale manufacturing sector since 2006-07. The Quantum Index of Manufacturing (QIM) has been recorded by the Pakistan Bureau of Statistics (PBS) as ac
Published 31 Jul, 2018 12:00am
Simplicity in 'new' Pakistan

Simplicity in 'new' Pakistan

Prime Minister-in-waiting Imran Khan in his victory address said he would feel ashamed to live in the Prime Minister's House that was like a royal palace. He pledged to turn the Prime Minister's House into an educational institution. Similarly, he said, h
Published 31 Jul, 2018 12:00am
Grim economic Scenario

Grim economic Scenario

Imran and his designated Finance Minister, Asad Umer, have publicly acknowledged that the economic situation is so dire that all options including going on an International Monetary Fund (IMF) programme are on the table to tackle the twin unsustainable de
Published 31 Jul, 2018 12:00am
Trump says willing to meet with Iran leaders 'any time'

Trump says willing to meet with Iran leaders 'any time'

US President Donald Trump said Monday he is happy to meet with Iran's leaders "any time" and without preconditions, one week after tensions soared between Washington and Tehran. "I would meet with Iran if they wanted to meet. I don't know if they are read
Published 31 Jul, 2018 12:00am
Trump says willing to meet with Iran leaders 'any time'

Trump says willing to meet with Iran leaders 'any time'

US President Donald Trump said Monday he is happy to meet with Iran's leaders "any time" and without preconditions, one week after tensions soared between Washington and Tehran. "I would meet with Iran if they wanted to meet. I don't know if they are read
Published 31 Jul, 2018 12:00am
Power sector revival: Technical hands may be taken on board

Power sector revival: Technical hands may be taken on board

The government to be led by Imran Khan is to focus on power sector''s recovery, transmission and distribution losses, which have made it highly unsustainable by replacing bureaucrats with technical experts. Presently, power sector sector''s circular debt
Published 31 Jul, 2018 12:00am
Power sector revival: Technical hands may be taken on board

Power sector revival: Technical hands may be taken on board

The government to be led by Imran Khan is to focus on power sector's recovery, transmission and distribution losses, which have made it highly unsustainable by replacing bureaucrats with technical experts. Presently, power sector sector's circular debt ha
Published 31 Jul, 2018 12:00am
Power sector revival: Technical hands may be taken on board

Power sector revival: Technical hands may be taken on board

The government to be led by Imran Khan is to focus on power sector's recovery, transmission and distribution losses, which have made it highly unsustainable by replacing bureaucrats with technical experts. Presently, power sector sector's circular debt ha
Published 31 Jul, 2018 12:00am
Macedonia to hold referendum on name change on September 30

Macedonia to hold referendum on name change on September 30

Macedonia's parliament on Monday set September 30 as the date for a referendum on changing the country's name to the Republic of North Macedonia, a high-stakes vote aimed at resolving the Balkan nation's long-running row with Greece and opening the door t
Published 31 Jul, 2018 12:00am
Macedonia to hold referendum on name change on September 30

Macedonia to hold referendum on name change on September 30

Macedonia's parliament on Monday set September 30 as the date for a referendum on changing the country's name to the Republic of North Macedonia, a high-stakes vote aimed at resolving the Balkan nation's long-running row with Greece and opening the door t
Published 31 Jul, 2018 12:00am
The Weather

The Weather

The weather report on Monday (July 30, 2018) and the forecast for Tuesday (July 31, 2018).

Published 31 Jul, 2018 12:00am
References against Sharif: Hearing adjourned till today

References against Sharif: Hearing adjourned till today

An accountability court hearing corruption cases against the Sharif family members adjourned hearing of the Al-Azizia Steel Mills and Hill Metals Establishment and Flagship corruption references till July 31 without any proceedings on Monday. At the start
Published 31 Jul, 2018 12:00am
Bullion Rates

Bullion Rates

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

Published 31 Jul, 2018 12:00am
References against Sharif: Hearing adjourned till today

References against Sharif: Hearing adjourned till today

An accountability court hearing corruption cases against the Sharif family members adjourned hearing of the Al-Azizia Steel Mills and Hill Metals Establishment and Flagship corruption references till July 31 without any proceedings on Monday. At the start
Published 31 Jul, 2018 12:00am
Bullion Rates

Bullion Rates

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

Published 31 Jul, 2018 12:00am
Nawaz may be released on bail

Nawaz may be released on bail

Courts normally do not grant bail in sentences longer than ten years but former Prime Minister Nawaz Sharif may be released on bail on several grounds, including poor health.
Published 31 Jul, 2018 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 31 Jul, 2018 12:00am
Nawaz may be released on bail

Nawaz may be released on bail

Courts normally do not grant bail in sentences longer than ten years but former Prime Minister Nawaz Sharif may be released on bail on several grounds, including poor health.
Published 31 Jul, 2018 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 31 Jul, 2018 12:00am
Dams' contract & design: SC will not interfere in executive matter: CJP

Dams' contract & design: SC will not interfere in executive matter: CJP

The Supreme Court on Monday said that it is the responsibility of the elected government to construct dams and the court will not interfere in this matter. Aitzaz Ahsan, who was appointed amicus curiae, suggested that instead of Supreme Court, let the mat
Published 31 Jul, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

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

Published 31 Jul, 2018 12:00am
Dams' contract & design: SC will not interfere in executive matter: CJP

Dams' contract & design: SC will not interfere in executive matter: CJP

The Supreme Court on Monday said that it is the responsibility of the elected government to construct dams and the court will not interfere in this matter. Aitzaz Ahsan, who was appointed amicus curiae, suggested that instead of Supreme Court, let the mat
Published 31 Jul, 2018 12:00am
Shahbaz visits Nawaz at PIMS

Shahbaz visits Nawaz at PIMS

Pakistan Muslim League-Nawaz (PMLN) president Shahbaz Sharif on Monday visited former prime minister Nawaz Sharif at Pakistan Institute of Medical Sciences (PIMS) where he was shifted the other day from Adiala jail. Sources said that Shahbaz Sharif inquir
Published 31 Jul, 2018 12:00am
International B2B events: Over 400 companies to participate

International B2B events: Over 400 companies to participate

More than 400 companies from 30 countries will participate in two international exhibitions to be held at the Expo Centre Lahore from August 2 to 4, 2018. The 15th international exhibition of food and beverage processing & packaging and the 16th internati
Published 31 Jul, 2018 12:00am
Chinese, Iranian envoys meet Imran

Chinese, Iranian envoys meet Imran

Chinese Ambassador in Pakistan Yao Jing Monday also called on Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan to congratulate the latter on election victory. The Chinese envoy, while presenting felicitations on behalf of his government to the prime min
Published 31 Jul, 2018 12:00am
Chinese, Iranian envoys meet Imran

Chinese, Iranian envoys meet Imran

Chinese Ambassador in Pakistan Yao Jing Monday also called on Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan to congratulate the latter on election victory. The Chinese envoy, while presenting felicitations on behalf of his government to the prime min
Published 31 Jul, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

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

Published 31 Jul, 2018 12:00am
Modi speaks to Imran

Modi speaks to Imran

Indian Prime Minister Narendra Modi on Monday telephoned Imran Khan, congratulating him over his party's victory in the general election and conveying best wishes for Pakistan. The PTI Central Secretariat, in statement issued here, quoted Modi as saying,
Published 31 Jul, 2018 12:00am
Modi speaks to Imran

Modi speaks to Imran

Indian Prime Minister Narendra Modi on Monday telephoned Imran Khan, congratulating him over his party's victory in the general election and conveying best wishes for Pakistan. The PTI Central Secretariat, in statement issued here, quoted Modi as saying,
Published 31 Jul, 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 (July 30, 2018).

Published 31 Jul, 2018 12:00am
Reprioritization of budget in the cards right now

Reprioritization of budget in the cards right now

The Finance Ministry has not yet received any instructions for preparation of a new budget from the government-elect; however reprioritization of the budget presented by the Abbasi-led government cannot be ruled out. This was stated by senior staff member
Published 31 Jul, 2018 12:00am
Reprioritization of budget in the cards right now

Reprioritization of budget in the cards right now

The Finance Ministry has not yet received any instructions for preparation of a new budget from the government-elect; however reprioritization of the budget presented by the Abbasi-led government cannot be ruled out. This was stated by senior staff member
Published 31 Jul, 2018 12:00am
Reprioritization of budget in the cards right now

Reprioritization of budget in the cards right now

The Finance Ministry has not yet received any instructions for preparation of a new budget from the government-elect; however reprioritization of the budget presented by the Abbasi-led government cannot be ruled out. This was stated by senior staff member
Published 31 Jul, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 31 Jul, 2018 12:00am
BRIndex100 consolidates gains

BRIndex100 consolidates gains

A bullish trend continued on Pakistan Stock Exchange on the third consecutive day after the general elections on the back of healthy buying in almost all leading sectors. BRIndex100 gained 81.33 points or 1.75 percent to close at 4,730.43 points Monday. B
Published 31 Jul, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 31 Jul, 2018 12:00am
BRIndex100 consolidates gains

BRIndex100 consolidates gains

A bullish trend continued on Pakistan Stock Exchange on the third consecutive day after the general elections on the back of healthy buying in almost all leading sectors. BRIndex100 gained 81.33 points or 1.75 percent to close at 4,730.43 points Monday. B
Published 31 Jul, 2018 12:00am
BRIndex100 consolidates gains

BRIndex100 consolidates gains

A bullish trend continued on Pakistan Stock Exchange on the third consecutive day after the general elections on the back of healthy buying in almost all leading sectors. BRIndex100 gained 81.33 points or 1.75 percent to close at 4,730.43 points Monday. B
Published 31 Jul, 2018 12:00am
Non-filers can''t buy new vehicles: FBR

Non-filers can''t buy new vehicles: FBR

The Federal Board of Revenue (FBR) has imposed restriction on non-filers that they can''t purchase new motor vehicles manufactured locally or imported, irrespective of engine capacity, from July 1, 2018. Sources told Business Recorder that Finance
Published 31 Jul, 2018 12:00am
THE RUPEE: more recovery
Currency

THE RUPEE: more recovery

The rupee managed to expand further ground against the dollar on the money market on Monday, dealers said.
Published 31 Jul, 2018 12:00am
Non-filers can't buy new vehicles: FBR

Non-filers can't buy new vehicles: FBR

The Federal Board of Revenue (FBR) has imposed restriction on non-filers that they can't purchase new motor vehicles manufactured locally or imported, irrespective of engine capacity, from July 1, 2018. Sources told Business Recorder that Finance A
Published 31 Jul, 2018 12:00am
THE RUPEE: more recovery
Currency

THE RUPEE: more recovery

The rupee managed to expand further ground against the dollar on the money market on Monday, dealers said.
Published 31 Jul, 2018 12:00am
Non-filers can't buy new vehicles: FBR

Non-filers can't buy new vehicles: FBR

The Federal Board of Revenue (FBR) has imposed restriction on non-filers that they can't purchase new motor vehicles manufactured locally or imported, irrespective of engine capacity, from July 1, 2018. Sources told Business Recorder that Finance A
Published 31 Jul, 2018 12:00am
ECP orders vote recount in 26 NA, PA constituencies

ECP orders vote recount in 26 NA, PA constituencies

The Election Commission of Pakistan (ECP) on Monday issued a list of 26 national and provincial assembly constituencies where recounting has been approved. The requests were approved in constituencies where Form-45, which tabulates consolidated results in
Published 31 Jul, 2018 12:00am
ECP orders vote recount in 26 NA, PA constituencies

ECP orders vote recount in 26 NA, PA constituencies

The Election Commission of Pakistan (ECP) on Monday issued a list of 26 national and provincial assembly constituencies where recounting has been approved. The requests were approved in constituencies where Form-45, which tabulates consolidated results in
Published 31 Jul, 2018 12:00am
EU moving anti-piracy HQ to Spain after Brexit

EU moving anti-piracy HQ to Spain after Brexit

European Union countries decided Monday to move the headquarters of the bloc's anti-piracy Atalanta patrols from London to the Spanish port of Rota on March 29, when Britain exits the EU. The member countries also agreed to transfer at the same time the L
Published 31 Jul, 2018 12:00am
EU moving anti-piracy HQ to Spain after Brexit

EU moving anti-piracy HQ to Spain after Brexit

European Union countries decided Monday to move the headquarters of the bloc's anti-piracy Atalanta patrols from London to the Spanish port of Rota on March 29, when Britain exits the EU. The member countries also agreed to transfer at the same time the L
Published 31 Jul, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Monday (July 30, 2018).

Published 31 Jul, 2018 12:00am
Deutsche Bank shifts some new clearing ops to Frankfurt

Deutsche Bank shifts some new clearing ops to Frankfurt

Germany''s biggest lender Deutsche Bank said Monday it has moved "a big part" of its new euro clearing activity from London to Frankfurt, in a fresh blow to the City as Britain leaves the EU. With Brexit due on March 30 next year, "Deutsche Bank has begun
Published 31 Jul, 2018 12:00am
Deutsche Bank shifts some new clearing ops to Frankfurt

Deutsche Bank shifts some new clearing ops to Frankfurt

Germany's biggest lender Deutsche Bank said Monday it has moved "a big part" of its new euro clearing activity from London to Frankfurt, in a fresh blow to the City as Britain leaves the EU. With Brexit due on March 30 next year, "Deutsche Bank has begun
Published 31 Jul, 2018 12:00am
Deutsche Bank shifts some new clearing ops to Frankfurt

Deutsche Bank shifts some new clearing ops to Frankfurt

Germany's biggest lender Deutsche Bank said Monday it has moved "a big part" of its new euro clearing activity from London to Frankfurt, in a fresh blow to the City as Britain leaves the EU. With Brexit due on March 30 next year, "Deutsche Bank has begun
Published 31 Jul, 2018 12:00am
ECP rejects demand of CEC resignation

ECP rejects demand of CEC resignation

The Election Commission of Pakistan (ECP) on Monday rejected demand of resignation of Chief Election Commissioner former justice Sardar Muhammad Raza by some political parties that have alleged massive rigging in the polls. A multi-party conference that i
Published 31 Jul, 2018 12:00am
ECP rejects demand of CEC resignation

ECP rejects demand of CEC resignation

The Election Commission of Pakistan (ECP) on Monday rejected demand of resignation of Chief Election Commissioner former justice Sardar Muhammad Raza by some political parties that have alleged massive rigging in the polls. A multi-party conference that i
Published 31 Jul, 2018 12:00am
PML-N, others to pursue 'joint parliamentary strategy'

PML-N, others to pursue 'joint parliamentary strategy'

Unanimously rejecting the results of the July 25 general election, the four major political parties including PML-N, PPP, MMA and ANP Monday agreed on pursuing a 'joint parliamentary strategy' against the "historically rigged" elections in and outside the
Published 31 Jul, 2018 12:00am
PML-N, others to pursue 'joint parliamentary strategy'

PML-N, others to pursue 'joint parliamentary strategy'

Unanimously rejecting the results of the July 25 general election, the four major political parties including PML-N, PPP, MMA and ANP Monday agreed on pursuing a 'joint parliamentary strategy' against the "historically rigged" elections in and outside the
Published 31 Jul, 2018 12:00am
Presentation

Presentation

Presentation at PSX auditorium (only for members and an authorised employee of the members).

Published 31 Jul, 2018 12:00am
PTI has numbers to form government in Punjab as well: Fawad

PTI has numbers to form government in Punjab as well: Fawad

Pakistan Tehreek-e-Insaf (PTI) claimed on Monday that it has the support of a sufficient number of lawmakers to form governments at the Centre and Punjab. Talking to journalists, PTI Central Information Secretary Fawad Chaudhry claimed that the party has
Published 31 Jul, 2018 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 31 Jul, 2018 12:00am
PTI has numbers to form government in Punjab as well: Fawad

PTI has numbers to form government in Punjab as well: Fawad

Pakistan Tehreek-e-Insaf (PTI) claimed on Monday that it has the support of a sufficient number of lawmakers to form governments at the Centre and Punjab. Talking to journalists, PTI Central Information Secretary Fawad Chaudhry claimed that the party has
Published 31 Jul, 2018 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Pakistan Stock Exchange.

Published 31 Jul, 2018 12:00am
NAB files reference against Shaukat Aziz, others

NAB files reference against Shaukat Aziz, others

The National Accountability Bureau (NAB) on Monday filed a corruption reference against ex-Premier Shaukat Aziz and others in an accountability court. The NAB filed a reference against Aziz, Liaqat Ali Khan Jatoi, former federal minister for W&P, Ismail Q
Published 31 Jul, 2018 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 31 Jul, 2018 12:00am
NAB files reference against Shaukat Aziz, others

NAB files reference against Shaukat Aziz, others

The National Accountability Bureau (NAB) on Monday filed a corruption reference against ex-Premier Shaukat Aziz and others in an accountability court. The NAB filed a reference against Aziz, Liaqat Ali Khan Jatoi, former federal minister for W&P, Ismail Q
Published 31 Jul, 2018 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange.

Published 31 Jul, 2018 12:00am
OPEC July oil output hits 2018 peak, but outages weigh

OPEC July oil output hits 2018 peak, but outages weigh

OPEC oil output has risen this month to a 2018 high as Gulf members pumped more after a deal to ease supply curbs and Congo Republic joined the group, a Reuters survey found, although losses from Iran and Libya limited the increase.
Published 31 Jul, 2018 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 31 Jul, 2018 12:00am
Oil prices rise on tighter supply outlook

Oil prices rise on tighter supply outlook

Oil prices rose on Monday, as traders kept the focus on supply disruptions and the possible hit to crude output from US sanctions on Iran. October Brent crude futures were up 76 cents at $75.52 a barrel by 11:57 a.m. EDT (1557 GMT). The September contract
Published 31 Jul, 2018 12:00am
Palm oil rises on weaker ringgit, steady crude oil
Vegetable Oil

Palm oil rises on weaker ringgit, steady crude oil

Malaysian palm oil futures rose in Monday evening trade, recording a third session of gains in four on support from a weaker ringgit and steady crude oil prices. Palm's gains however will be capped by expectations of rising production, traders add.
Published 31 Jul, 2018 12:00am
Tokyo rubber up on strong Shanghai

Tokyo rubber up on strong Shanghai

Benchmark Tokyo rubber futures rose on Monday, tracking strong prices in Shanghai, though high stocks of the commodity weighed on prices. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, hit a one-week high
Published 31 Jul, 2018 12:00am
Arabica coffee rises on position data, cocoa climbs

Arabica coffee rises on position data, cocoa climbs

Arabica coffee futures on ICE were higher on Monday boosted by data showing a further rise in an already record speculative net short position while New York cocoa prices also rose. September arabica coffee was up 1.80 cents, or 1.6 percent, to $1.1225 pe
Published 31 Jul, 2018 12:00am
Gold eases in Asia

Gold eases in Asia

Gold prices slipped on Monday as the dollar stood tall against its peers ahead of key central bank meetings and US inflation and payrolls data this week. Spot gold was down about 0.3 percent at $1,219.70 an ounce at 0656 GMT. US gold futures were 0.3 perc
Published 31 Jul, 2018 12:00am
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