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May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-03-01
BMW and Daimler join forces to develop self-driving cars

BMW and Daimler join forces to develop self-driving cars

German high-end car giants BMW and Mercedes-Benz maker Daimler said Thursday they would work together to develop automated driving and driver assistance systems, the latest cooperation for the historically fierce rivals. The two manufacturers have sealed
Published 01 Mar, 2019 12:00am
Property tax law to be amended

Property tax law to be amended

The excise and taxation department has prepared a draft to amend the law relating to property tax that would empower the department to freeze the bank accounts of defaulters besides his arrest. The departmental sources said the department collects billion
Published 01 Mar, 2019 12:00am
Seminar on digital marketing held at LCCI

Seminar on digital marketing held at LCCI

"Information Technology has transformed the business by using digital marketing as entrepreneurs can promote their products & services to unlimited potential consumers and can earn huge benefits as well as foreign exchange for the country." These views we
Published 01 Mar, 2019 12:00am
Health institutions asked to make necessary arrangements

Health institutions asked to make necessary arrangements

In the wake of current situation between Pakistan and India, the provincial health department has asked the heads of health institutions to make necessary arrangements to cope with any untoward situation. Special arrangements have been made at Services Ho
Published 01 Mar, 2019 12:00am
Six emergency camps set up in Sialkot

Six emergency camps set up in Sialkot

Special security measures are being taken in the country, especially in District Sialkot where most of the citizens live near the boundary line, said the Punjab Environment Minister Muhammad Rizwan. It included setting up of six emergency camps where faci
Published 01 Mar, 2019 12:00am
Samjhota Express suspended

Samjhota Express suspended

Due to prevailing tension between Pakistan and India, the railways administration has suspended Samjhota Express till further order. The train was to leave for India on Thursday (Feb 28). Munir Ahmad, Incharge Lahore Railways Station confirmed it on Thurs
Published 01 Mar, 2019 12:00am
PFA launches anti-adulteration drive in Sahiwal

PFA launches anti-adulteration drive in Sahiwal

The Punjab Food Authority (PFA) on Thursday launched a grand operation against food adulterators in Harapa, Kamaliya, Sahiwal and Okara to control the practice of adulteration and ensure provision of healthy and safe food in Punjab. PFA Director General M
Published 01 Mar, 2019 12:00am
Traffic awareness drive to be launched in Hyderabad

Traffic awareness drive to be launched in Hyderabad

Deputy Inspector General Police Hyderabad Naeem Ahmed Shaikh has announced launching of massive traffic awareness campaign in Hyderabad aimed to ensure smooth traffic flow on roads. Addressing the members of Hyderabad Chamber of Small Traders and Small In
Published 01 Mar, 2019 12:00am
BJP leader boasting proves 'strikes' electoral ploy

BJP leader boasting proves 'strikes' electoral ploy

The statement of Karnataka BJP chief BS Yeddyurappa boasting about Indian 'strikes' on alleged terror camps in Pakistan has strengthened the general perception of Indian opposition parties and media as shown in the India's Tri Services press briefing that
Published 01 Mar, 2019 12:00am
Color & Chem Expo to be held on March 9

Color & Chem Expo to be held on March 9

Pakistan's largest and exclusive exhibition of dyes, chemicals & allied industry, 5thColor & Chem Expo 2019 is going to be held on March 9, at Lahore International Expo Centre. It will also have a concurrent event Digital Textile Printing Industry Expo. T
Published 01 Mar, 2019 12:00am
Buzdar approves projects for well-being of poor people

Buzdar approves projects for well-being of poor people

Punjab Chief Minister Sardar Usman Buzdar while chairing the board meeting of Punjab Social Protection Authority (PSPA), here on Thursday, accorded approval for launching different projects for the well being of deserving women, children and the elderly c
Published 01 Mar, 2019 12:00am
Modi urged to avail Imran's peace offer

Modi urged to avail Imran's peace offer

SAARC Chamber of Commerce and Industry (CCI) on Thursday urged Indian Prime Minister Nirandra Modi to embrace peace overtures offered by Prime Minister Imran Khan to avoid escalation leading to nuclear war in the region. Senior Vice President SAARC CCI If
Published 01 Mar, 2019 12:00am
Kaira leads team to Punjab PA

Kaira leads team to Punjab PA

Pakistan Peoples' Party (PPP) Punjab President led a delegation to the Punjab assembly and called on the parliamentary leader of the party Syed Hassan Murtaza. The parliamentary leader of the party in the Punjab Assembly welcomed the delegation at the ass
Published 01 Mar, 2019 12:00am
Pakistan wants peace, not war: Nawaz

Pakistan wants peace, not war: Nawaz

Former prime minister Nawaz Sharif during a meeting with his family members and the leaders of PML-N at Kot Lakhpat Jail on Thursday said that Pakistan wants peace, not war and as a nation, we are fully capable to defend the country. "India will face stro
Published 01 Mar, 2019 12:00am
Kashmir has already gone out of India's hand: JI chief

Kashmir has already gone out of India's hand: JI chief

Chief of Jamaat-e-Islami, Senator Sirajul Haq has said that Kashmir had already gone out of India's hand as the Kashmiris were far more jubilant over the downing of two Indian jets than the Pakistanis. While addressing the leadership workshop for JI centr
Published 01 Mar, 2019 12:00am
PTEA chief for exploring export-boosting avenues

PTEA chief for exploring export-boosting avenues

Chairman Pakistan Textile Exporters Association (PTEA), Khurram Mukhtar has said that Pakistan needs to explore export-boosting avenues by shifting focus towards non-traditional markets to achieve sizable growth in exports. He said that it is vital for Pa
Published 01 Mar, 2019 12:00am
PBIT, PSX sign MoU for business growth

PBIT, PSX sign MoU for business growth

Punjab Board of Investment and Trade (PBIT) and Pakistan Stock Exchange (PSX) signed a Memorandum of Understanding (MoU) to work together towards a common goal which is to promote business and investment in Punjab and Pakistan. The MoU was signed by CEO P
Published 01 Mar, 2019 12:00am
ACCA Pakistan celebrates 208,000 member milestone

ACCA Pakistan celebrates 208,000 member milestone

The Association of Chartered Certified Accountants (ACCA) Pakistan welcomed its new members and recognised its high achievers from across the country in glittering ceremonies in Karachi, Lahore and Islamabad on February 18, 19 and 21, respectively. Themed
Published 01 Mar, 2019 12:00am
ABL's seminar on SME financing held

ABL's seminar on SME financing held

To impart awareness on financial inclusion avenues for the Small and Medium Enterprises & Agri Financing, a seminar was organized by Allied Bank on both Agri & SME finances at Sahiwal recently. The session was attended by the senior SBP officials, notable
Published 01 Mar, 2019 12:00am
ECNEC to consider Railways ML-1 upgradation project: Rashid

ECNEC to consider Railways ML-1 upgradation project: Rashid

The Executive Committee of National Economic Council (ECNEC) will consider the $3.4 billion phase-1 projects for up-gradation of Pakistan Railways' Main Line-1 and establishment of dry port near Havelian under the China-Pakistan Economic Corridor (CPEC) i
Published 01 Mar, 2019 12:00am
NA speaker reconstitutes Parliamentary committee

NA speaker reconstitutes Parliamentary committee

The Speaker National Assembly Asad Qaiser has reconstituted the Parliamentary Committee on appointment of the chairperson and members of the National Commission for Human Rights (NCHR). The Speaker reconstituted the said committee in pursuance of sub-sect
Published 01 Mar, 2019 12:00am
NUST tops in QS Subject Ranking 2019

NUST tops in QS Subject Ranking 2019

With its infallible reputation globally as a quality higher education institution with a strong academic and R&D base, National University of Sciences & Technology (NUST) has been ranked at the top in Engineering & Technology in Pakistan, as per Quacquare
Published 01 Mar, 2019 12:00am
Singapore business team calls on finance minister

Singapore business team calls on finance minister

Finance Minister Asad Umar received the visiting Singapore business delegation for a meeting here on Thursday. The finance minister said that the present government has taken steps for ease of doing business and facilitating both domestic and foreign inve
Published 01 Mar, 2019 12:00am
US wins dispute over China grain subsidies before WTO

US wins dispute over China grain subsidies before WTO

The World Trade Organization on Thursday sided with Washington in a dispute it filed three years ago over "unfair" Chinese subsidies to producers of wheat and rice. Back in 2016, the United States alleged that China doled out $100 billion in "market price
Published 01 Mar, 2019 12:00am
Facebook, Twitter doing too little against disinformation: EU

Facebook, Twitter doing too little against disinformation: EU

Facebook and Twitter are doing too little to scrutinise advertising placements on their sites in the runup to European Union elections in May, despite their pledges to fight disinformation, EU officials said Thursday. In a second monthly report, officials
Published 01 Mar, 2019 12:00am
Junior minister quits over UK's Brexit delay plan

Junior minister quits over UK's Brexit delay plan

A junior member of Prime Minister Theresa May's government quit Thursday over her decision this week to give MPs the option to delay Brexit, a day after 20 Brexit hardliners voted against her move. Agriculture minister George Eustice said he feared the mo
Published 01 Mar, 2019 12:00am
White House setting wrong example at Trump-Kim summit in Hanoi

White House setting wrong example at Trump-Kim summit in Hanoi

The White House on Wednesday barred four journalists from covering a dinner in Hanoi between President Donald Trump and North Korean leader Kim Jong Un, citing "sensitivities over shouted questions," according to news reports. The unusual move came a day
Published 01 Mar, 2019 12:00am
Reuters to cut 26 editorial jobs in France

Reuters to cut 26 editorial jobs in France

The Reuters news agency is to cut 26 editorial positions in France as part of a vast global reorganisation project, a union source said on Thursday. The job cuts, mostly via voluntary redundancies, represent more than 30 percent of Reuters journalists wor
Published 01 Mar, 2019 12:00am
UN probe accuses Israel of possible crimes against humanity

UN probe accuses Israel of possible crimes against humanity

A UN probe released Thursday said Israel may have committed crimes against humanity in responding to last year's unrest in Gaza, as snipers "intentionally" shot civilians including children, journalists and the disabled. Israel rejected the report "outrig
Published 01 Mar, 2019 12:00am
Libya rivals agree to hold polls: UN

Libya rivals agree to hold polls: UN

The head of Libya's internationally recognised government and a rival military strongman have met and agreed to hold elections aimed at ending years of instability, the United Nations said Thursday. Unity government leader Fayez al-Sarraj met Khalifa Haft
Published 01 Mar, 2019 12:00am
Booker Prize lives on with new sponsor

Booker Prize lives on with new sponsor

Britain's most prestigious literary prize will revert to being as known as the Booker Prize this year after securing a new sponsor, it announced on Thursday. The annual award for novels, which has been known as the Man Booker since 2002, has struck a spon
Published 01 Mar, 2019 12:00am
Paris wheat futures rebound on bargain buying

Paris wheat futures rebound on bargain buying

European wheat futures rebounded on bargain buying on Wednesday, a day after falling to their lowest in around 7 months. Benchmark May milling wheat on the Paris-based Euronext exchange unofficially closed up 1.75 euros or 0.9 percent at 190.00 euros ($21
Published 01 Mar, 2019 12:00am
CBOT wheat futures fall

CBOT wheat futures fall

Chicago Board of Trade (CBOT) wheat futures fell on Wednesday, failing to rebound after hitting contract lows this week following concerns over international demand for US supplies. CBOT May soft red winter wheat fell 1-1/2 cents to $4.66-3/4 a bushel. K.
Published 01 Mar, 2019 12:00am
Cotton prices down on slow trade activity
Cotton

Cotton prices down on slow trade activity

Trade activity slowed down despite modest decline in the rates on the cotton market on Thursday, dealers said. The official spot rate was lower by Rs 100 to Rs 8,500, they added. In the ready session, approximately 800 bales of cotton finalised between Rs
Published 01 Mar, 2019 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 84,396 tonnes of cargo comprising 58,421 tonnes of import cargo and 25,975 tonnes of export cargo including 3,970 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of 58
Published 01 Mar, 2019 12:00am
China's iron ore flat, steel prices rise

China's iron ore flat, steel prices rise

China's iron ore futures ended little changed on Wednesday after hitting a three-week low in the previous session, as market expects demand from steel mills to pick up ahead of the peak spring construction season. The most traded iron ore contract on the
Published 01 Mar, 2019 12:00am
Coffee harvest in Brazil to start earlier

Coffee harvest in Brazil to start earlier

Coffee harvesting in Brazil's Minas Gerais and São Paulo states should start around 15 days earlier than normal this year after excessive heat in December and January accelerated the fruit ripening process, farm cooperative Cooxupé said on Wednesday. "Exc
Published 01 Mar, 2019 12:00am
Dry conditions to curb Australia's wheat crop

Dry conditions to curb Australia's wheat crop

Dry conditions for up to six months in parts of Australia's east coast are set to curb wheat crop yields for a third straight year in the world's No.4 exporter of the grain, a private US-based weather forecaster said on Wednesday. Australia has been grapp
Published 01 Mar, 2019 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,719. The traded value of Metals, Energy and COTS/FX was recorded at PKR 10.536 billion and the number of lots traded 12,884. Major business was contributed by NSDQ100 a
Published 01 Mar, 2019 12:00am
CBOT corn futures lower

CBOT corn futures lower

Chicago Board of Trade (CBOT) corn futures fell for a third consecutive session on Wednesday, dropping to a five-month low ahead of the first notice day for deliveries against the March contract. CBOT May corn fell 2-1/4 cents to $3.73-3/4 per bushel. It
Published 01 Mar, 2019 12:00am
Canadian canola futures lower

Canadian canola futures lower

ICE Canadian canola futures fell for a fourth straight session on Wednesday, with the front three months recording life-of-contract lows on technical selling coupled with poor export prospects and ample domestic supplies, traders said.
Published 01 Mar, 2019 12:00am
Sterling eases
Currency

Sterling eases

The pound edged lower on Thursday after this week's run as investors booked profits and assessed the continued uncertainty about when Britain will exit the European Union and on what terms. Sterling has surged to multi-month highs this week after Prime Mi
Published 01 Mar, 2019 12:00am
Rand falls

Rand falls

The South African rand fell on Thursday as fading hopes for a US-China trade deal and an unsatisfactory end to the US-North Korea summit subdued demand for emerging market currencies. At 1520 GMT the rand was 0.77 percent weaker at 14.0425 against the US
Published 01 Mar, 2019 12:00am
Most Asian currencies subdued

Most Asian currencies subdued

Most Asian currencies traded sideways on Thursday after cautious comments from a top US trade official spoiled hopes of a speedy end to the protracted US-China trade dispute, while dismal Chinese factory activity data added to investor worries. US Trade R
Published 01 Mar, 2019 12:00am
Aussie, kiwi on defensive

Aussie, kiwi on defensive

The Australian dollar was on the defensive on Thursday after a disappointing reading on Chinese manufacturing overshadowed a solid report on domestic business investment. Not helping were comments from President Donald Trump's chief trade negotiator that
Published 01 Mar, 2019 12:00am
Dollar advances in New York trade

Dollar advances in New York trade

The safe-haven dollar rose from a three-week low on Wednesday, as investors grew cautious about US trade talks with China after the country's trade representative said there are still serious issues to work through to secure a deal and ensure that future
Published 01 Mar, 2019 12:00am
Euro jumps to three-week high in Europe
Currency

Euro jumps to three-week high in Europe

The euro jumped to a three-week high on Thursday as growing expectations that the European economy may have turned a corner encouraged investors to buy the single currency while the Swedish crown jumped after a strong growth reading. Core European bond yi
Published 01 Mar, 2019 12:00am
Yen, Swiss franc gain in Asia

Yen, Swiss franc gain in Asia

The safe-haven Swiss franc and the yen gained slightly on Thursday after the United States and North Korea failed to reach an agreement on denuclearisation of the Korean peninsula after two days of meetings. Risk currencies were also hampered by uncertain
Published 01 Mar, 2019 12:00am
Rashid, Buttler take England to victory

Rashid, Buttler take England to victory

Adil Rashid snared four wickets in five balls as England resisted a determined West Indies effort to claim a 29-run victory in a high-scoring fourth One-Day International at the National Stadium in Grenada on Wednesday.
Published 01 Mar, 2019 12:00am
Nadal blasts Kyrgios for 'lack of respect' after Acapulco defeat

Nadal blasts Kyrgios for 'lack of respect' after Acapulco defeat

Rafael Nadal accused Nick Kyrgios of lacking respect "for the public, the opponent and himself" after a stormy defeat to the Australian firebrand at the Mexico Open. Kyrgios survived three match points to beat top-seeded Nadal 3-6, 7-6 (7/2), 7-6 (8/6) on
Published 01 Mar, 2019 12:00am
Islamabad United foreign players ready to play in Pakistan: Shoaib

Islamabad United foreign players ready to play in Pakistan: Shoaib

Chief Operating Officer (COO) Islamabad United, one of the franchises of the Pakistan Super League (PSL), Shoaib Naveed on Thursday said that all the foreign cricketers, who are part of the Islamabad United, are ready to play cricket matches scheduled in
Published 01 Mar, 2019 12:00am
Prince William slams football clubs over mental health care

Prince William slams football clubs over mental health care

Prince William has launched a withering broadside at football clubs, lambasting them for a "dereliction of duty" in their lack of care for players' mental health. Prince William, who along with younger brother Prince Harry have spoken openly about their o
Published 01 Mar, 2019 12:00am
Two more matches decided in Open Polo

Two more matches decided in Open Polo

Master Paints and Barry's notched up contrastive victories in the International Steels National Open Polo Championship for Quaid-e-Azam Gold Cup 2019 matches played here at Lahore Polo Club ground on Thursday. In the first match of the day, Master Paints
Published 01 Mar, 2019 12:00am
Naib stars as Afghanistan down Ireland in first ODI

Naib stars as Afghanistan down Ireland in first ODI

Gulbadin Naib starred with both bat and ball as Afghanistan outplayed Ireland by five wickets in the first one-day international on Thursday. Naib took two wickets to help dismiss Ireland for 161 and then struck a crucial 46 as Afghanistan achieved their
Published 01 Mar, 2019 12:00am
Tactical rethink puts NZ on top against Bangladesh

Tactical rethink puts NZ on top against Bangladesh

A hasty rewrite of the battle plan saw Neil Wagner bag a five-wicket haul as New Zealand ripped through the Bangladesh tail to counter Tamim Iqbal's virtuoso century on day one of the first Test in Hamilton on Thursday. Despite Tamim's heroic 126, New Zea
Published 01 Mar, 2019 12:00am
US economic growth slows moderately in fourth quarter

US economic growth slows moderately in fourth quarter

The US economy slowed less than expected in the fourth quarter amid solid consumer and business spending, leaving 2018 growth just shy of the Trump administration's 3 percent annual target.
Published 01 Mar, 2019 12:00am
Rolls-Royce pulls out of race to power future Boeing plane

Rolls-Royce pulls out of race to power future Boeing plane

Rolls-Royce no longer wishes to be a candidate to make the engine for a new midsize passenger jet proposed by US planemaker Boeing, the troubled British group said Thursday. Rolls gave the update alongside news that it had dived into a net loss last year
Published 01 Mar, 2019 12:00am
Russian bitcoin suspect held in Greece
Currency

Russian bitcoin suspect held in Greece

A Russian being held in Greece on money laundering and fraud charges is dangerously malnourished after three months on hunger strike in protest at his incarceration, his lawyers said Thursday. Alexander Vinnik, who headed the Bitcoin exchange BTC-e and fa
Published 01 Mar, 2019 12:00am
ExxonMobil finds largest Cyprus gas reserve yet

ExxonMobil finds largest Cyprus gas reserve yet

US energy giant ExxonMobil has discovered a huge natural gas reserve off the coast of Cyprus, Cypriot authorities said Thursday, a find that could raise tensions with nearby Turkey. The "world-class discovery" is the biggest find in the island's Exclusive
Published 01 Mar, 2019 12:00am
Food shortages threaten 80 percent of Venezuela homes

Food shortages threaten 80 percent of Venezuela homes

Eight out of 10 Venezuelan households are at risk of food shortages in the country's economic crisis, a study has found. The study by three Venezuelan universities indicated that 80 percent of households were "at risk of food insecurity because 90 per cen
Published 01 Mar, 2019 12:00am
BoE finds newspaper beats market as economic guide

BoE finds newspaper beats market as economic guide

Flicking through the business pages of The Guardian newspaper could be a better guide to how Britain's economy is faring than following stock market moves, Bank of England research shows. Britain's central bank has investigated for several years whether i
Published 01 Mar, 2019 12:00am
China factory activity hits lowest level in three years

China factory activity hits lowest level in three years

China's manufacturing activity shrank for a third straight month in February, sinking to its worst performance in three years as the economy slows and the US trade war bites, official data showed Thursday. The Purchasing Managers' Index (PMI), a gauge of
Published 01 Mar, 2019 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (February 28, 2019).

Published 01 Mar, 2019 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (February 28, 2019).
Published 01 Mar, 2019 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (February 28, 2019).

Published 01 Mar, 2019 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (February 28, 2019).

Published 01 Mar, 2019 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (February 28, 2019).

Published 01 Mar, 2019 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (February 28, 2019).

Published 01 Mar, 2019 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (February 28, 2019).

Published 01 Mar, 2019 12:00am
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