News Archives for Print - 2018-12-11

The rupee was almost unchanged against the dollar on the inter-bank market on Monday, while it gained modest ground versus the greenback on the open market, dealers said.

Published 11 Dec, 2018 12:00am

Currency

THE RUPEE: mixed trend

The rupee was almost unchanged against the dollar on the inter-bank market on Monday, while it gained modest ground versus the greenback on the open market, dealers said.

Published 11 Dec, 2018 12:00am

Kerb

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Monday (December 10, 2018).

Published 11 Dec, 2018 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Monday (December 10, 2018).

Published 11 Dec, 2018 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (December 10, 2018).

Published 11 Dec, 2018 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (December 10, 2018).

Published 11 Dec, 2018 12:00am

Kerb

Pakistan Economic Indicators

Pakistan Economic Indicators - Monday (December 10, 2018).

Published 11 Dec, 2018 12:00am

Macron to speed up tax cuts, raise wages, vows no U-turn

President Emmanuel Macron on Monday announced wage rises for the poorest workers and tax cuts for pensioners, offering concessions after weeks of often violent protests that have challenged his authority.

Published 11 Dec, 2018 12:00am

Thousands throng funeral for 'youngest' fighter in IHK

Thousands of mourners thronged the funeral on Monday of a 14-year-old freedom fighter martyred by Indian troops in held Kashmir, the youngest-ever fighter killed in the decades-long insurgency, police said. Mudasir Ahmad Parrey was martyred alongside two

Published 11 Dec, 2018 12:00am

Revenue shortfall: Proposals under study to further amend Finance Act 2018

In order to overcome revenue shortfall of over Rs 100 billion during 2018-19, the government is examining proposals to further amend Finance Act 2018 to generate additional revenue in remaining months of current fiscal year. It is learnt that the Federal

Published 11 Dec, 2018 12:00am

KE trying to get additional 800MW power

Karachi Electric (KE) is reportedly using one of the ''top official''s'' influence to get additional 800 MW electricity at cheap rates from the national grid and two new nuclear power plants, well-informed sources told Business Recorder.

Published 11 Dec, 2018 12:00am

KE trying to get additional 800MW power

Karachi Electric (KE) is reportedly using one of the 'top official's' influence to get additional 800 MW electricity at cheap rates from the national grid and two new nuclear power plants, well-informed sources told Business Recorder.

Published 11 Dec, 2018 12:00am

KE trying to get additional 800MW power

Karachi Electric (KE) is reportedly using one of the 'top official's' influence to get additional 800 MW electricity at cheap rates from the national grid and two new nuclear power plants, well-informed sources told Business Recorder.

Published 11 Dec, 2018 12:00am

IMC pledges Rs 100 million for dams

Indus Motor Company Limited (IMC) has pledged Rs 100 million to the Supreme Court of Pakistan and the Prime Minister''s Diamer-Bhasha and Mohmand Dams Fund to avert the looming water crisis in Pakistan. The first tranche of 20 million has been presented t

Published 11 Dec, 2018 12:00am

IMC pledges Rs 100 million for dams

Indus Motor Company Limited (IMC) has pledged Rs 100 million to the Supreme Court of Pakistan and the Prime Minister's Diamer-Bhasha and Mohmand Dams Fund to avert the looming water crisis in Pakistan. The first tranche of 20 million has been presented to

Published 11 Dec, 2018 12:00am

IMC pledges Rs 100 million for dams

Indus Motor Company Limited (IMC) has pledged Rs 100 million to the Supreme Court of Pakistan and the Prime Minister's Diamer-Bhasha and Mohmand Dams Fund to avert the looming water crisis in Pakistan. The first tranche of 20 million has been presented to

Published 11 Dec, 2018 12:00am

Lea Market traders link vacating shops with new KMC survey

Traders linked vacating 936 shops in the Lea Market area with fresh government survey as the Karachi Metropolitan Corporation's anti-encroachment drive entered its 36th day on Monday.

Published 11 Dec, 2018 12:00am

Oman allows Israeli planes to use airspace: Netanyahu

Oman will let Israeli planes fly through its airspace, Prime Minister Benjamin Netanyahu said Monday, in another sign of his country's efforts toward ties with Arab states despite the conflict with the Palestinians. The announcement follows Netanyahu's su

Published 11 Dec, 2018 12:00am

Locally-manufactured automotive parts: EDB asks FBR to withdraw RD

Engineering Development Board (EDB) has asked Federal Board of Revenue (FBR) to withdraw Regulatory Duty (RD) on locally-manufactured automotive parts, official sources told Business Recorder. The organisation which had been about to be dissolved d

Published 11 Dec, 2018 12:00am

Locally-manufactured automotive parts: EDB asks FBR to withdraw RD

Engineering Development Board (EDB) has asked Federal Board of Revenue (FBR) to withdraw Regulatory Duty (RD) on locally-manufactured automotive parts, official sources told Business Recorder. The organisation which had been about to be dissolved d

Published 11 Dec, 2018 12:00am

Locally-manufactured automotive parts: EDB asks FBR to withdraw RD

Engineering Development Board (EDB) has asked Federal Board of Revenue (FBR) to withdraw Regulatory Duty (RD) on locally-manufactured automotive parts, official sources told Business Recorder. The organisation which had been about to be dissolved d

Published 11 Dec, 2018 12:00am

Locally-manufactured automotive parts: EDB asks FBR to withdraw RD

Engineering Development Board (EDB) has asked Federal Board of Revenue (FBR) to withdraw Regulatory Duty (RD) on locally-manufactured automotive parts, official sources told Business Recorder. The organisation which had been about to be dissolved d

Published 11 Dec, 2018 12:00am

Expats remit $9.02 billion in five months

The inflows of home remittances rose to $9 billion, up by 12 percent, during the first five months of this fiscal year (FY19). The State Bank of Pakistan (SBP) Monday reported that overseas Pakistani workers remitted $9.028 billion in July to November of

Published 11 Dec, 2018 12:00am

Expats remit $9.02 billion in five months

The inflows of home remittances rose to $9 billion, up by 12 percent, during the first five months of this fiscal year (FY19). The State Bank of Pakistan (SBP) Monday reported that overseas Pakistani workers remitted $9.028 billion in July to November of

Published 11 Dec, 2018 12:00am

Expats remit $9.02 billion in five months

The inflows of home remittances rose to $9 billion, up by 12 percent, during the first five months of this fiscal year (FY19). The State Bank of Pakistan (SBP) Monday reported that overseas Pakistani workers remitted $9.028 billion in July to November of

Published 11 Dec, 2018 12:00am

Job opportunities contracted in GCC states: World Bank

The remittances to Pakistan are expected to reach $20.9 billion in 2018, which is 6.9 percent of GDP, says the World Bank. The WB in its latest report titled "Regional Trends in Migration and Remittance Flows" ranked Pakistan 7th among the top 10 recipien

Published 11 Dec, 2018 12:00am

Job opportunities contracted in GCC states: World Bank

The remittances to Pakistan are expected to reach $20.9 billion in 2018, which is 6.9 percent of GDP, says the World Bank. The WB in its latest report titled "Regional Trends in Migration and Remittance Flows" ranked Pakistan 7th among the top 10 recipien

Published 11 Dec, 2018 12:00am

Job opportunities contracted in GCC states: World Bank

The remittances to Pakistan are expected to reach $20.9 billion in 2018, which is 6.9 percent of GDP, says the World Bank. The WB in its latest report titled "Regional Trends in Migration and Remittance Flows" ranked Pakistan 7th among the top 10 recipien

Published 11 Dec, 2018 12:00am

Job opportunities contracted in GCC states: World Bank

The remittances to Pakistan are expected to reach $20.9 billion in 2018, which is 6.9 percent of GDP, says the World Bank. The WB in its latest report titled "Regional Trends in Migration and Remittance Flows" ranked Pakistan 7th among the top 10 recipien

Published 11 Dec, 2018 12:00am

New areas of cooperation: Pakistan, China agree to expand CPEC

Pakistan and China Monday resolved to work together towards completion of the ongoing projects under the China-Pakistan Economic Corridor (CPEC), besides expanding it to new areas of cooperation. This was agreed in the first round of Political Consultatio

Published 11 Dec, 2018 12:00am

New areas of cooperation: Pakistan, China agree to expand CPEC

Pakistan and China Monday resolved to work together towards completion of the ongoing projects under the China-Pakistan Economic Corridor (CPEC), besides expanding it to new areas of cooperation. This was agreed in the first round of Political Consultatio

Published 11 Dec, 2018 12:00am

New areas of cooperation: Pakistan, China agree to expand CPEC

Pakistan and China Monday resolved to work together towards completion of the ongoing projects under the China-Pakistan Economic Corridor (CPEC), besides expanding it to new areas of cooperation. This was agreed in the first round of Political Consultatio

Published 11 Dec, 2018 12:00am

May delays Brexit deal vote but EU warns no renegotiation

British Prime Minister Theresa May on Monday postponed a parliamentary vote on her Brexit deal to avoid a crushing defeat, saying she would return to Brussels for further talks - but the EU warned it would not reopen the agreement. In an emergency stateme

Published 11 Dec, 2018 12:00am

May delays Brexit deal vote but EU warns no renegotiation

British Prime Minister Theresa May on Monday postponed a parliamentary vote on her Brexit deal to avoid a crushing defeat, saying she would return to Brussels for further talks - but the EU warned it would not reopen the agreement. In an emergency stateme

Published 11 Dec, 2018 12:00am

Ministry yet to set up tax policy unit

Ministry of Finance is yet to set up a tax policy unit (TPU) and notify its members to implement the signature tax reforms of the incumbent government envisaging separation of tax policy and administration. Sources said that given the shortfall in revenue

Published 11 Dec, 2018 12:00am

Ministry yet to set up tax policy unit

Ministry of Finance is yet to set up a tax policy unit (TPU) and notify its members to implement the signature tax reforms of the incumbent government envisaging separation of tax policy and administration. Sources said that given the shortfall in revenue

Published 11 Dec, 2018 12:00am

Ministry yet to set up tax policy unit

Ministry of Finance is yet to set up a tax policy unit (TPU) and notify its members to implement the signature tax reforms of the incumbent government envisaging separation of tax policy and administration. Sources said that given the shortfall in revenue

Published 11 Dec, 2018 12:00am

BRIndex100 reassembles

Pakistan Stock Exchange Monday witnessed a bullish trend due to healthy buying at low levels in almost all sectors. BRIndex100 gained 90.17 points or 2.21 percent to close at 4,161.58 points. BRIndex100 touched intraday high of 4,181.49 and intraday low o

Published 11 Dec, 2018 12:00am

BRIndex100 reassembles

Pakistan Stock Exchange Monday witnessed a bullish trend due to healthy buying at low levels in almost all sectors. BRIndex100 gained 90.17 points or 2.21 percent to close at 4,161.58 points. BRIndex100 touched intraday high of 4,181.49 and intraday low o

Published 11 Dec, 2018 12:00am

BRIndex100 reassembles

Pakistan Stock Exchange Monday witnessed a bullish trend due to healthy buying at low levels in almost all sectors. BRIndex100 gained 90.17 points or 2.21 percent to close at 4,161.58 points. BRIndex100 touched intraday high of 4,181.49 and intraday low o

Published 11 Dec, 2018 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (December 10, 2018).

Published 11 Dec, 2018 12:00am

Currency	Rate
USD PKR Interbank Selling / May 13	281.73
USD PKR Interbank Buying / May 13	281.53
USD to Japanese Yen / May 13	147.90
USD to Swiss Franc / May 13	0.84
Pound Sterling to USD / May 13	1.32
Euro to USD / May 13	1.11
UK LIBOR % / May 12	4.96

Stock	Volume
S&P 500 / May 12	5,844.19
Nasdaq / May 12	18,708.34
Dow Jones / May 12	42,410.10
India Sensex / May 13	81,726.97
Tokyo Nikkei / May 13	38,305.85
Hang Seng / May 13	23,188.20
FTSE 100 / May 13	8,606.55
Germany DAX 30 / May 13	23,595.02
France CAC40 / May 13	7,859.80

Item	Value
Karachi Cotton PKR/37.32 KG / May 12	16,985
Gold 10 Grams PKR / May 12	291,923
Crude Oil USD/Barrel / May 13	61.90
Gold Spot USD/Ounce / May 13	3,253.26
Cotton US¢/pound / May 13	66.85
Petrol/Litre / May 14	252.63
Diesel/Litre / May 14	256.64

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.51 ▲ 0.72 (19%)
TPL Trakker Ltd / May 13 TPL Trakker Limited(TPLT)	6.59 ▲ 1 (17.89%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.88 ▲ 1 (17.01%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.34 ▲ 1 (13.62%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Mahanna Islamic Index / May 13 Mahanna Islamic Index Traded Fund(MIIETF)	15.47 ▲ 1.65 (11.94%)
Haseeb Waqas / May 13 Haseeb Waqas Sugar Mills Limited(HWQS)	9.59 ▲ 1 (11.64%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)

Stock	Price
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	15.35 ▼ -1.71 (-10.02%)
Bilal Fibres / May 13 Bilal Fibres Limited(BILF)	19.59 ▼ -2.18 (-10.01%)
TPL Life Insur. / May 13 TPL Life Insurance Limited(TPLL)	46.80 ▼ -5.2 (-10%)
Din Tex. / May 13 Din Textile Mills Limited(DINT)	45 ▼ -4.99 (-9.98%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Suhail Jute / May 13 Suhail Jute Mills Limited(SUHJ)	78.36 ▼ -8.24 (-9.52%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.77 ▼ -0.28 (-9.18%)
Parmount Sp. / May 13 Paramount Spinning Mills Limited(PASM)	3.36 ▼ -0.31 (-8.45%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.95 ▼ -0.25 (-7.81%)
First IBL Mod. / May 13 First IBL Modaraba(FIBLM)	3 ▼ -0.24 (-7.41%)

Stock	Volume
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	41,734,903 ▼ -0.06
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	41,052,877 ▲ 6.27
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	35,773,773 ▲ 2.33
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	30,912,153 ▲ 15.65
B.O.Punjab / May 13 The Bank of Punjab(BOP)	24,175,098 ▼ -0.16
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	24,174,880 ▼ -0.09
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	23,803,446 ▼ -0.22
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	21,754,749 ▼ -3.25
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	20,681,855 ▲ 1.82
D.G.K.Cement / May 13 D.G. Khan Cement Company Limited(DGKC)	19,785,523 ▲ 10.35

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