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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-01-16
Aussie, kiwi up

Aussie, kiwi up

The Australian and New Zealand dollars edged up on Tuesday as markets wagered a white-knuckle vote on the British government's latest Brexit plan would lessen the risk of a "no-deal" divorce, at least for the short term.
Published 16 Jan, 2019 12:00am
HEC, Microsoft Pakistan launch Imagine Cup 2019

HEC, Microsoft Pakistan launch Imagine Cup 2019

The Higher Education Commission (HEC) and Microsoft Pakistan launched Imagine Cup 2019 with an aim to transform skill development, nurture budding technologists and foster collaborative and innovative spirit.
Published 16 Jan, 2019 12:00am
Senate body for resolving expats' issues on priority

Senate body for resolving expats' issues on priority

A parliamentary body on Tuesday expressed annoyance over the problems being faced by overseas Pakistanis in obtaining their National Identity Card for Overseas Pakistanis (NICOP), passport and other documents and asked departments concerned to devise an e
Published 16 Jan, 2019 12:00am
PBIF hopes PTI government will turn economy around

PBIF hopes PTI government will turn economy around

President of Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has expressed hope that the incumbent government will take concrete and practical steps for the betterment and growth of trade, industry and economy, according to its ow
Published 16 Jan, 2019 12:00am
Siraj terms PTI government's governance 'poor'

Siraj terms PTI government's governance 'poor'

Lambasting the Pakistan Tehreek-e-Insaf-led federal government over poor governance and flawed economic policy on Tuesday, Jamaat-e-Islami (JI) Chief Siraj-ul-Haq has asked the authorities to end interest-based banking as interest payments are adding Rs 1
Published 16 Jan, 2019 12:00am
348 awarded degrees at NUST convocation

348 awarded degrees at NUST convocation

As many as 348 students were awarded degrees at the 7th undergraduate/postgraduate convocation of NUST School of Civil & Environmental Engineering (SCEE) here at the university's main campus on Tuesday.
Published 16 Jan, 2019 12:00am
LCCI VP off to Taiwan, Japan

LCCI VP off to Taiwan, Japan

The Lahore Chamber of Commerce and Industry (LCCI) Vice President Faheem-ur-Rehman Saigal has left for 8-day visit to Taiwan and Japan to discover new avenues for Pakistani merchandise. The LCCI Vice President will have B2B meetings with his counterparts
Published 16 Jan, 2019 12:00am
20 small dams planned for Balochistan shelved

20 small dams planned for Balochistan shelved

The government has reduced number of small dams projects planned to be constructed in Balochistan for storing drinking water and irrigation from 83 to 63 and is likely to further reduce the number in upcoming mini-budget.
Published 16 Jan, 2019 12:00am
Mobile phone imports: Senate body for rationalising duty structure

Mobile phone imports: Senate body for rationalising duty structure

Fearing a new wave of inflation and decline in government's revenue from telecom sector, a parliamentary panel on Tuesday recommended for rationalisation of duty structure on mobile phone imports and further extension in deadline for blocking unregistered
Published 16 Jan, 2019 12:00am
Mobile phone imports: Senate body for rationalising duty structure

Mobile phone imports: Senate body for rationalising duty structure

Fearing a new wave of inflation and decline in government's revenue from telecom sector, a parliamentary panel on Tuesday recommended for rationalisation of duty structure on mobile phone imports and further extension in deadline for blocking unregistered
Published 16 Jan, 2019 12:00am
Disqualification of PM: IHC admits plea for reconstitution of dual bench

Disqualification of PM: IHC admits plea for reconstitution of dual bench

The Islamabad High Court (IHC) Tuesday admitted for hearing an application filed for reconstitution of a dual bench for hearing a petition seeking disqualification of Prime Minister Imran Khan under the Article 62 of the Constitution. A division bench of
Published 16 Jan, 2019 12:00am
Opposition disrupts National Assembly proceedings

Opposition disrupts National Assembly proceedings

The opposition parties in the National Assembly disrupted the proceedings on Tuesday after deputy speaker Qasim Khan Suri rejected their demand of re-voting on a bill pertaining to the quota of judges in Islamabad High Court. The opposition parties' membe
Published 16 Jan, 2019 12:00am
Opposition's walkouts termed a tactic to seek NRO

Opposition's walkouts termed a tactic to seek NRO

Prime Minister Imran Khan on Tuesday termed frequent opposition walkouts in the National Assembly "mere tactics to seek a National Reconciliation Ordinance" reported a private TV channel. In a tweet, earlier this morning, PM Khan stated, "In a Parliament
Published 16 Jan, 2019 12:00am
Fawad visits MQM-P's Bahadurabad office

Fawad visits MQM-P's Bahadurabad office

Federal Information Minister Fawad Chaudhry on Tuesday said that the politics of Pakistan Muslim League-Nawaz (PML-N) and Pakistan Peoples Party (PPP) is only meant for saving the money, which their leadership looted. Both parties have the same model of c
Published 16 Jan, 2019 12:00am
PTI government plans Journalist Protection Act, health insurance: Fawad

PTI government plans Journalist Protection Act, health insurance: Fawad

Ministry for Information and Broadcasting is working on a new draft Journalist Protection Act to be tabled in the National Assembly. "I am committed to the protection of journalists and their interest. Health insurance to working journalists also being wo
Published 16 Jan, 2019 12:00am
NBP declares PLS profit rates deposits/other deposits

NBP declares PLS profit rates deposits/other deposits

Distribution of Profit on PLS Deposits/Other Deposits for the half year ended December 31, 2018. Profit for the half year ended December 31, 2018 on Profit & Loss sharing Deposits and Other Deposits has been distributed at the following rates:-

Published 16 Jan, 2019 12:00am
NBP declares PLS profit rates deposits/other deposits

NBP declares PLS profit rates deposits/other deposits

Distribution of Profit on PLS Deposits/Other Deposits for the half year ended December 31, 2018. Profit for the half year ended December 31, 2018 on Profit & Loss sharing Deposits and Other Deposits has been distributed at the following rates:-

Published 16 Jan, 2019 12:00am
China shares customs shipment data with Pakistan: FPCCI

China shares customs shipment data with Pakistan: FPCCI

For the first time China has shared data of customs shipments with Pakistan, said senior vice president Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Dr Mirza Ikhtiar Baig. "Federal Finance Minister Asad Umar has told me during his recent
Published 16 Jan, 2019 12:00am
HBL's Aurangzeb elected PBA chairman

HBL's Aurangzeb elected PBA chairman

On completion of the term of Aftab Manzoor, as Chairman, Pakistan Banks' Association (PBA), Muhammad Aurangzeb, President & CEO, Habib Bank Limited, has been unanimously elected as Chairman PBA. The PBA elections were held in Karachi on January 14, 2019.
Published 16 Jan, 2019 12:00am
DHA Quetta to be developed on modern lines: Brig Javed

DHA Quetta to be developed on modern lines: Brig Javed

A beautiful evening was organised at DHA Golf & Country Club Karachi by Corporate Estate & Asset Management along with the land providers to introduce DHA Quetta which will be the first ever DHA project in the province of Balochistan. The event was graced
Published 16 Jan, 2019 12:00am
Zameen.com Karachi expo ends successfully

Zameen.com Karachi expo ends successfully

Pakistan's biggest property portal Zameen.com successfully hosted Zameen Expo 2019 - Karachi. The event received thousands of visitors over the two days it was held. The Expo took place in halls 4, 5, and 6 of Expo Centre, and over 130 exhibitors from all
Published 16 Jan, 2019 12:00am
Landslide claims lives of eight workers

Landslide claims lives of eight workers

Police say a landslide triggered by this week's rains engulfed a bus carrying workers on a dam project in the northwest, killing eight people. Regional police chief Raja Abdul Saboor says the incident took place on a hilly road late on Monday. He says res
Published 16 Jan, 2019 12:00am
Foundation of a prosperous Pakistan laid, says Buzdar

Foundation of a prosperous Pakistan laid, says Buzdar

The Punjab chief minister Sardar Usman Buzdar Tuesday said that foundation of a prosperous Pakistan has been laid under the leadership of prime minister Imran Khan. "When the PTI came into power, the country's economy was devastated and institutions were
Published 16 Jan, 2019 12:00am
Mega leather show planned for January 27

Mega leather show planned for January 27

Necessary arrangements for holding fifth Pakistan mega leather show are being finalized. Sources in Pakistan Gloves Manufacturers and Exporters Association (PGMEA) told Business Recorder on Tuesday that event is scheduled to be held 27-29 January a
Published 16 Jan, 2019 12:00am
LCCI chief calls for reducing NHA charges

LCCI chief calls for reducing NHA charges

The Lahore Chamber of Commerce and Industry on Tuesday has demanded immediate withdrawal of hike in NHA charges including NOC fee, approach rentals and security. LCCI President Almas Hyder said the industry cannot afford the increase that is bound to jack
Published 16 Jan, 2019 12:00am
Pak-Turkish railways join hands for transfer of technology

Pak-Turkish railways join hands for transfer of technology

Talamsas and Raymisas, Turkish Railways state companies, will join hands with the Pakistan Railways for transfer of technology. This was decided during a meeting held between PR officials and the Turkish delegation consisting of eight members at Railways
Published 16 Jan, 2019 12:00am
Engro Polymers & Chemicals Limited
Mutual Funds

Engro Polymers & Chemicals Limited

Incorporated in 1997, Engro Polymers & Chemicals Limited (PSX: EPCL) is a subsidiary of Engro Corporation Limited. It operates mainly within the chlor-vinyl segment with offerings that include Polyvinyl Chloride (PVC), Vinyl Chloride Monomer (VCM), Causti
Published 16 Jan, 2019 12:00am
Engro Polymers & Chemicals Limited
Mutual Funds

Engro Polymers & Chemicals Limited

Incorporated in 1997, Engro Polymers & Chemicals Limited (PSX: EPCL) is a subsidiary of Engro Corporation Limited. It operates mainly within the chlor-vinyl segment with offerings that include Polyvinyl Chloride (PVC), Vinyl Chloride Monomer (VCM), Causti
Published 16 Jan, 2019 12:00am
PPDWP okays Rs 982 million for e-Rozgaar programme

PPDWP okays Rs 982 million for e-Rozgaar programme

Punjab Provincial Development Working Party has approved Rs982 million for Chief Minister's e-Rozgaar Training Programme in its 13th meeting of current financial year
Published 16 Jan, 2019 12:00am
Governor launches 'CO2 Smart Executive Club' at NED University

Governor launches 'CO2 Smart Executive Club' at NED University

Governor Sindh Imran Ismail on Tuesday while launching the "CO2 Smart Executive Club" at NED University of Engineering and Technology has termed it as welcome move in order to have an oxygen friendly environment. "There are multiple issues pertinent to cl
Published 16 Jan, 2019 12:00am
115 arrested in Karachi

115 arrested in Karachi

The city police on Tuesday claimed to have arrested around 115 accused in their 63 raids and encounters conducted at various city neighborhoods during the last 24 hours. The police spokesman said 19 accused were nabbed for possessing illegal arms, 17 were
Published 16 Jan, 2019 12:00am
Minister stresses need for automation of data collection

Minister stresses need for automation of data collection

Federal Minister for Planning, Development & Reform & Statistics Division, Makhdoom Khusro Bakhtiar has underlined the need for devising a strategy for automation of data collection in order to have authentic economic statistics for better policy making.
Published 16 Jan, 2019 12:00am
US MIDDAY: gold down

US MIDDAY: gold down

Gold eased on Tuesday as the dollar rose and stock markets climbed, but further losses were capped by concerns over slowing economic growth and prospects of a pause in US interest rate hikes. Spot gold fell 0.3 percent to $1,287.86 per ounce by 11:45 a.m.
Published 16 Jan, 2019 12:00am
US MIDDAY: soyabeans sink

US MIDDAY: soyabeans sink

US soyabean futures fell for the third time in four sessions on Tuesday on worries that the United States and China remain far apart in resolving a bitter trade fight that has slashed US soya imports by the world's top buyer. Corn and wheat followed soyab
Published 16 Jan, 2019 12:00am
Gold eases in Europe

Gold eases in Europe

Gold eased on Tuesday as the dollar benefited from weak German economic data that pressured the euro, but the metal held near recent six-month highs as investors awaited a parliamentary vote on Britain's plan to exit the European Union. Spot gold was down
Published 16 Jan, 2019 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold prices held steady on Tuesday, supported by market expectations of fewer interest rate hikes in the year by the US Federal Reserve, while a bounce in Chinese equities stoked interest in riskier assets. Spot gold had edged down about 0.1 percent to $1
Published 16 Jan, 2019 12:00am
Gold moves up in New York

Gold moves up in New York

Gold prices rose on Monday as global stocks fell on an unexpected drop in China's exports that signaled further weakening in the world's second-largest economy and prompted investors to seek safety in the precious metal. Spot gold rose 0.4 percent to $1,2
Published 16 Jan, 2019 12:00am
Raw sugar hits near seven-week high as cocoa slides
Currency

Raw sugar hits near seven-week high as cocoa slides

Raw sugar futures on ICE climbed to their highest levels in nearly seven weeks on Tuesday as speculators covered short positions and oil prices rose, while New York cocoa tumbled to a three-week low. March raw sugar settled up 0.41 cent, or 3.2 percent, a
Published 16 Jan, 2019 12:00am
Paris wheat slips

Paris wheat slips

Paris wheat futures were weaker on Tuesday, again facing headwinds because of worries whether west Europe's wheat exports will revive after a slow start to the season. March milling wheat, the most active contract on the Paris-based Euronext exchange, uno
Published 16 Jan, 2019 12:00am
Palm oil rebounds on stronger crude oil
Vegetable Oil

Palm oil rebounds on stronger crude oil

Malaysian palm oil futures rose on Tuesday evening for their biggest daily advance in a week, rebounding from Monday's near two-week low, tracking gains in crude oil prices. Soyaoil's rise on the Chicago Board of Trade (CBOT) also supported prices, a trad
Published 16 Jan, 2019 12:00am
Tokyo rubber falls

Tokyo rubber falls

Benchmark Tokyo rubber futures fell on Tuesday on weak Shanghai, as flat demand weighed on prices. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, have been under pressure from high inventories and weak de
Published 16 Jan, 2019 12:00am
Oil rises about 3 percent on economic stability hopes

Oil rises about 3 percent on economic stability hopes

Oil prices rose about 3 percent on Tuesday, along with world stock markets, supported by China's plan to introduce policies to stabilize a slowing economy, reversing the previous session's losses due to grim data in the world's second-largest economy. Bre
Published 16 Jan, 2019 12:00am
Norway awards record 83 exploration licenses in mature areas

Norway awards record 83 exploration licenses in mature areas

Norway awarded a record 83 blocks to explore for petroleum resources in mature areas of the Norwegian continental shelf, in a sign of continuing interest from oil companies in the country's oil sector, the energy ministry said on Tuesday. A lack of large
Published 16 Jan, 2019 12:00am
Copper steadies as China points to further stimulus measures

Copper steadies as China points to further stimulus measures

Copper prices steadied on Tuesday as top consumer China signalled further stimulus measures to support economic growth and demand while US President Donald Trump raised hopes of reaching a trade deal with Beijing. Benchmark copper on the London Metal Exch
Published 16 Jan, 2019 12:00am
Nuclear arms treaty faces collapse after failed US-Russia talks

Nuclear arms treaty faces collapse after failed US-Russia talks

The survival of a key nuclear arms control treaty was cast further in doubt Tuesday after the US and Russia blamed each other for pushing the agreement to the brink of collapse. Senior diplomats from both countries met in Geneva amid widespread concern ov
Published 16 Jan, 2019 12:00am
First food aid in six months reaches two Yemen areas: UN

First food aid in six months reaches two Yemen areas: UN

A slowdown in fighting in Yemen's Hodeida province has allowed the UN to deliver more than 3,000 tonnes of food to two areas for the first time in six months, the World Food Programme said Tuesday.
Published 16 Jan, 2019 12:00am
Abbas says Israel blocks Middle East development

Abbas says Israel blocks Middle East development

Palestinian president Mahmoud Abbas told the United Nations on Tuesday that Israel was hindering development in the Middle East with the occupation of Palestinian territories and again called for an independent state of Palestine.
Published 16 Jan, 2019 12:00am
Palestinians strike

Palestinians strike

Thousands of Palestinians in the occupied West Bank joined a strike on Tuesday against their government's proposed new social security law, fearing the fund will be mismanaged.
Published 16 Jan, 2019 12:00am
Eurozone economy 'weaker than expected', warns Draghi

Eurozone economy 'weaker than expected', warns Draghi

Economic developments in the eurozone have been "weaker than expected", European Central Bank chief Mario Draghi said Tuesday, stressing the need for continued monetary stimulus.
Published 16 Jan, 2019 12:00am
Seoul drops 'enemy' reference to North Korea

Seoul drops 'enemy' reference to North Korea

Seoul crossed out a reference to nuclear-armed North Korea as its enemy in a defence white paper published Tuesday, amid rapidly warming ties despite stalled nuclear talks between Pyongyang and Washington.
Published 16 Jan, 2019 12:00am
Gbagbo in shock acquittal

Gbagbo in shock acquittal

The International Criminal Court acquitted former Ivory Coast president Laurent Gbagbo on Tuesday over a wave of post-electoral violence, in a stunning blow to the war crimes tribunal in The Hague.
Published 16 Jan, 2019 12:00am
White House spokesman quits to join lobbyists

White House spokesman quits to join lobbyists

A White House deputy spokesman who had been tasked with announcing the departure of officials in President Donald Trump's administration has himself become the latest to move on.
Published 16 Jan, 2019 12:00am
Broadway star Channing dies

Broadway star Channing dies

Broadway icon Carol Channing, who starred in hit musicals including "Hello, Dolly!" and "Gentlemen Prefer Blondes," has died, her publicist said Tuesday. She was 97 years old.
Published 16 Jan, 2019 12:00am
CBOT soybean may end current weak bounce

CBOT soybean may end current weak bounce

CBOT soybean March contract may end its current weak bounce around the January 11 high of $9.12-1/4 and then retest a support at $9.02-1/4.
Published 16 Jan, 2019 12:00am
CBOT March corn may rise

CBOT March corn may rise

CBOT March corn may rise into a range of $3.82-3/4 to $3.85 per bushel, as suggested by its wave pattern and a projection analysis.
Published 16 Jan, 2019 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 139,335 tonnes of cargo comprising 116,357 tonnes of import cargo and 22,978 tonnes of export cargo including 6,104 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 16 Jan, 2019 12:00am
China steel prices slip on demand concerns

China steel prices slip on demand concerns

China's steel futures came under pressure on Tuesday on renewed concerns over demand in the world's top consumer, but managed to close above session's lows on expectations of more government policy measures to stimulate a slowing economy. Prices retreated
Published 16 Jan, 2019 12:00am
US soybean futures edged higher

US soybean futures edged higher

US soybean futures edged higher on Tuesday, rebounding from a near two-week low touched in the previous session, though gains were checked amid fears about future demand from China; the world's largest importer.
Published 16 Jan, 2019 12:00am
Asia fuel, oil hits record low

Asia fuel, oil hits record low

Asia's front-month viscosity spread, the price differential between front-month 180-cst and 380-cst high-sulphur fuel oil (HSFO) swaps, hit a record low on Tuesday amid ample supplies of low viscosity materials in the Singapore trading hub, traders said.
Published 16 Jan, 2019 12:00am
CBOT wheat may rise to $5.22

CBOT wheat may rise to $5.22

CBOT March wheat may break a resistance at $5.18-1/2 per bushel, and rise to the next resistance at $5.22.
Published 16 Jan, 2019 12:00am
Sterling slips
Currency

Sterling slips

Sterling fell from a two-month high versus the dollar on Tuesday and volatility levels spiked as markets braced for parliament to give the thumbs-down to British Prime Minister Theresa May's Brexit deal later in the day.
Published 16 Jan, 2019 12:00am
Most Asian units steady

Most Asian units steady

Most Asian units firmed on Tuesday as China signalled further supportive measures to shore up its decelerating economy, after December trade data showed exports had fallen by the most in two years, hurt by a trade war with the United States.
Published 16 Jan, 2019 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (January 15, 2019).
Published 16 Jan, 2019 12:00am
Tuesday's early trade: Netflix, tech rally lift Wall Street

Tuesday's early trade: Netflix, tech rally lift Wall Street

US stocks rose on Tuesday as Netflix spurred a rally in technology and internet stocks and UnitedHealth posted strong results, while hopes of more stimulus for China's slowing economy encouraged buying in risky assets.
Published 16 Jan, 2019 12:00am
Nikkei climbs

Nikkei climbs

Japan's Nikkei rose to a near one-month high on Tuesday, supported by buying of electronic component makers and other exporters as a weaker yen boosted sentiment.
Published 16 Jan, 2019 12:00am
Australian shares up; New Zealand down

Australian shares up; New Zealand down

Australian shares ended firmly higher on Tuesday, tracking Asian peers, as the country's biggest trade partner China signalled more stimulative measures to tackle domestic growth worries. The S&P/ASX 200 index, which fell the two previous sessions, gained
Published 16 Jan, 2019 12:00am
Banks buoy Saudi market, DAMAC drags down Dubai

Banks buoy Saudi market, DAMAC drags down Dubai

Saudi Arabia's stock market rose on Tuesday, as rebounding oil prices lifted all its banks, while the Dubai index was pulled down by a plunge in shares of DAMAC Properties.
Published 16 Jan, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 16 Jan, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 16 Jan, 2019 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 16 Jan, 2019 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 16 Jan, 2019 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (January 15, 2019).

Published 16 Jan, 2019 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (January 15, 2019).

Published 16 Jan, 2019 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 15, 2019).

Published 16 Jan, 2019 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 15, 2019).

Published 16 Jan, 2019 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 15, 2019).

Published 16 Jan, 2019 12:00am
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