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May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-03-27
Kardar holds IMF responsible for tax distortions

Kardar holds IMF responsible for tax distortions

Former Governor State Bank of Pakistan Shahid Kardar has stated that International Monetary Fund (IMF) has been responsible for tax distortions in Pakistan, adding the country's gross financing needs may be $50 billion in the next two years with annual re
Published 27 Mar, 2019 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 27 Mar, 2019 12:00am
Exchange rate mechanism: Questions raised about methodology

Exchange rate mechanism: Questions raised about methodology

International Monetary Fund (IMF) on Tuesday tested the "intent" of senior administration officials on their flexibility in the exchange rate mechanism, well-informed sources told Business Recorder. However, the authorities' rerouted exchange rate
Published 27 Mar, 2019 12:00am
Exchange rate mechanism: Questions raised about methodology

Exchange rate mechanism: Questions raised about methodology

International Monetary Fund (IMF) on Tuesday tested the "intent" of senior administration officials on their flexibility in the exchange rate mechanism, well-informed sources told Business Recorder. However, the authorities' rerouted exchange rate
Published 27 Mar, 2019 12:00am
Exchange rate mechanism: Questions raised about methodology

Exchange rate mechanism: Questions raised about methodology

International Monetary Fund (IMF) on Tuesday tested the "intent" of senior administration officials on their flexibility in the exchange rate mechanism, well-informed sources told Business Recorder. However, the authorities'' rerouted exchange rate
Published 27 Mar, 2019 12:00am
Nawaz gets six-week bail

Nawaz gets six-week bail

The Supreme Court on Tues-day granting bail to former Prime Mi-nister Nawaz Sharif, suspending his sentence in Al-Azizia Mills for six weeks, which will start from the date of release. The court's written order made it clear that during this period the pe
Published 27 Mar, 2019 12:00am
Nawaz gets six-week bail

Nawaz gets six-week bail

The Supreme Court on Tues-day granting bail to former Prime Mi-nister Nawaz Sharif, suspending his sentence in Al-Azizia Mills for six weeks, which will start from the date of release. The court's written order made it clear that during this period the pe
Published 27 Mar, 2019 12:00am
Ex-PM Abbasi appears before NAB's CIT

Ex-PM Abbasi appears before NAB's CIT

Former Prime Minister Shahid Khaqan Abbasi on Tuesday appeared before the Combined Investigation Team (CIT) of National Accountability Bureau (NAB) in connection with alleged corruption in liquefied natural gas (LNG) contract award. The team asked him que
Published 27 Mar, 2019 12:00am
Ex-PM Abbasi appears before NAB's CIT

Ex-PM Abbasi appears before NAB's CIT

Former Prime Minister Shahid Khaqan Abbasi on Tuesday appeared before the Combined Investigation Team (CIT) of National Accountability Bureau (NAB) in connection with alleged corruption in liquefied natural gas (LNG) contract award. The team asked him que
Published 27 Mar, 2019 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (March 26, 2019).

Published 27 Mar, 2019 12:00am
LHC directs govt to remove Shahbaz's name from ECL

LHC directs govt to remove Shahbaz's name from ECL

The Lahore High Court (LHC) on Tuesday directed the federal government to remove the name of Leader of Opposition in the National Assembly Shahbaz Sharif from the Exit Control List (ECL). The court observed that on the basis of allegations the name of an
Published 27 Mar, 2019 12:00am
LHC directs govt to remove Shahbaz's name from ECL

LHC directs govt to remove Shahbaz's name from ECL

The Lahore High Court (LHC) on Tuesday directed the federal government to remove the name of Leader of Opposition in the National Assembly Shahbaz Sharif from the Exit Control List (ECL). The court observed that on the basis of allegations the name of an
Published 27 Mar, 2019 12:00am
FBR will relax major condition for oil E&P companies

FBR will relax major condition for oil E&P companies

Chairman Federal Board of Revenue (FBR) Mohammad Jehanzeb Khan said on Tuesday that FBR will relax a major condition for oil exploration and production (E&P) companies regarding development of software under SRO 678(I)/2004 in the budget (2019-20). The FB
Published 27 Mar, 2019 12:00am
FBR will relax major condition for oil E&P companies

FBR will relax major condition for oil E&P companies

Chairman Federal Board of Revenue (FBR) Mohammad Jehanzeb Khan said on Tuesday that FBR will relax a major condition for oil exploration and production (E&P) companies regarding development of software under SRO 678(I)/2004 in the budget (2019-20). The FB
Published 27 Mar, 2019 12:00am
FBR will relax major condition for oil E&P companies

FBR will relax major condition for oil E&P companies

Chairman Federal Board of Revenue (FBR) Mohammad Jehanzeb Khan said on Tuesday that FBR will relax a major condition for oil exploration and production (E&P) companies regarding development of software under SRO 678(I)/2004 in the budget (2019-20). The FB
Published 27 Mar, 2019 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee moved with little changes against the dollar on the money market on Tuesday in the process of trading activity, dealers said.
Published 27 Mar, 2019 12:00am
UK watchdog intervenes to help mortgage 'prisoners'

UK watchdog intervenes to help mortgage 'prisoners'

Britain's markets watchdog proposed changes on Tuesday to help banks unlock 30,000 "mortgage prisoners" trapped in poor deals since lending conditions were tightened after the financial crisis. The Financial Conduct Authority said the market was generally
Published 27 Mar, 2019 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee moved with little changes against the dollar on the money market on Tuesday in the process of trading activity, dealers said.
Published 27 Mar, 2019 12:00am
UK watchdog intervenes to help mortgage 'prisoners'

UK watchdog intervenes to help mortgage 'prisoners'

Britain's markets watchdog proposed changes on Tuesday to help banks unlock 30,000 "mortgage prisoners" trapped in poor deals since lending conditions were tightened after the financial crisis. The Financial Conduct Authority said the market was generally
Published 27 Mar, 2019 12:00am
UK watchdog intervenes to help mortgage ''prisoners''

UK watchdog intervenes to help mortgage ''prisoners''

Britain''s markets watchdog proposed changes on Tuesday to help banks unlock 30,000 "mortgage prisoners" trapped in poor deals since lending conditions were tightened after the financial crisis. The Financial Conduct Authority said the market was generall
Published 27 Mar, 2019 12:00am
UK watchdog intervenes to help mortgage ''''prisoners''''

UK watchdog intervenes to help mortgage ''''prisoners''''

Britain''''s markets watchdog proposed changes on Tuesday to help banks unlock 30,000 "mortgage prisoners" trapped in poor deals since lending conditions were tightened after the financial crisis. The Financial Conduct Authority said the market was genera
Published 27 Mar, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 26, 2019).

Published 27 Mar, 2019 12:00am
Financial woes: USC management grilled for not accepting responsibility

Financial woes: USC management grilled for not accepting responsibility

The Ministry of Industries and Production (MoI&P) on Tuesday grilled the management of Utility Stores Corporation (USC) for holding successive governments responsible for its financial woes and not accepting responsibility for its flawed decisions. This w
Published 27 Mar, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 26, 2019).

Published 27 Mar, 2019 12:00am
Financial woes: USC management grilled for not accepting responsibility

Financial woes: USC management grilled for not accepting responsibility

The Ministry of Industries and Production (MoI&P) on Tuesday grilled the management of Utility Stores Corporation (USC) for holding successive governments responsible for its financial woes and not accepting responsibility for its flawed decisions. This w
Published 27 Mar, 2019 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (March 26, 2019).

Published 27 Mar, 2019 12:00am
Financial woes: USC management grilled for not accepting responsibility

Financial woes: USC management grilled for not accepting responsibility

The Ministry of Industries and Production (MoI&P) on Tuesday grilled the management of Utility Stores Corporation (USC) for holding successive governments responsible for its financial woes and not accepting responsibility for its flawed decisions. This w
Published 27 Mar, 2019 12:00am
BRIndex100 snaps losing streak

BRIndex100 snaps losing streak

Fresh buying at low levels supported the Pakistan Stock Exchange to close on a positive note Tuesday. BRIndex100 gained 22.52 points or 0.56 points to close at 4,041.49 points. BRIndex100 touched intraday high of 4,047.70 and intraday low of 4,007.52 poin
Published 27 Mar, 2019 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (March 26, 2019)

Published 27 Mar, 2019 12:00am
BRIndex100 snaps losing streak

BRIndex100 snaps losing streak

Fresh buying at low levels supported the Pakistan Stock Exchange to close on a positive note Tuesday. BRIndex100 gained 22.52 points or 0.56 points to close at 4,041.49 points. BRIndex100 touched intraday high of 4,047.70 and intraday low of 4,007.52 poin
Published 27 Mar, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (March 26, 2019).

Published 27 Mar, 2019 12:00am
BRIndex100 snaps losing streak

BRIndex100 snaps losing streak

Fresh buying at low levels supported the Pakistan Stock Exchange to close on a positive note Tuesday. BRIndex100 gained 22.52 points or 0.56 points to close at 4,041.49 points. BRIndex100 touched intraday high of 4,047.70 and intraday low of 4,007.52 poin
Published 27 Mar, 2019 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 27 Mar, 2019 12:00am
Civil aviation policy approved by cabinet

Civil aviation policy approved by cabinet

The federal cabinet has approved a new Civil Aviation Policy, stating that it would prove catalyst for promoting tourism and investment and give boost to aviation industry in the country.
Published 27 Mar, 2019 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 27 Mar, 2019 12:00am
Civil aviation policy approved by cabinet

Civil aviation policy approved by cabinet

The federal cabinet has approved a new Civil Aviation Policy, stating that it would prove catalyst for promoting tourism and investment and give boost to aviation industry in the country.
Published 27 Mar, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (March 26, 2019).

Published 27 Mar, 2019 12:00am
Civil aviation policy approved by cabinet

Civil aviation policy approved by cabinet

The federal cabinet has approved a new Civil Aviation Policy, stating that it would prove catalyst for promoting tourism and investment and give boost to aviation industry in the country.
Published 27 Mar, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (March 26, 2019).

Published 27 Mar, 2019 12:00am
NOC condition for foreign tourists waived

NOC condition for foreign tourists waived

The government has ended no-objection certificate (NOC) requirement for foreigners who want to visit different parts of Pakistan. The government has removed the condition of the NOC for foreign tourists and allowed them to move freely in the country. Earl
Published 27 Mar, 2019 12:00am
The Weather

The Weather

The weather report on Tuesday (March 26, 2019) and the forecast for Wednesday (March 27, 2019).

Published 27 Mar, 2019 12:00am
NOC condition for foreign tourists waived

NOC condition for foreign tourists waived

The government has ended no-objection certificate (NOC) requirement for foreigners who want to visit different parts of Pakistan. The government has removed the condition of the NOC for foreign tourists and allowed them to move freely in the country. Earl
Published 27 Mar, 2019 12:00am
FATF affiliate briefed about regulatory, other steps

FATF affiliate briefed about regulatory, other steps

Pakistan on Tuesday briefed the visiting team of Asian Pacific Group (APG), the regional affiliate of Financial Actions Task Force (FATF), on the regulatory measures taken to stop money laundering as well as monitoring of non-profit organisations (NPOs) a
Published 27 Mar, 2019 12:00am
FATF affiliate briefed about regulatory, other steps

FATF affiliate briefed about regulatory, other steps

Pakistan on Tuesday briefed the visiting team of Asian Pacific Group (APG), the regional affiliate of Financial Actions Task Force (FATF), on the regulatory measures taken to stop money laundering as well as monitoring of non-profit organisations (NPOs) a
Published 27 Mar, 2019 12:00am
FATF affiliate briefed about regulatory, other steps

FATF affiliate briefed about regulatory, other steps

Pakistan on Tuesday briefed the visiting team of Asian Pacific Group (APG), the regional affiliate of Financial Actions Task Force (FATF), on the regulatory measures taken to stop money laundering as well as monitoring of non-profit organisations (NPOs) a
Published 27 Mar, 2019 12:00am
PM fears conflict risk while India in election mode: FT

PM fears conflict risk while India in election mode: FT

Prime Minister Imran Khan said he feared another security incident with India. In an interview with the Financial Times on Tuesday, Khan said tensions were still high even after the crisis over a militant attack in the disputed region of Kashmir had eased
Published 27 Mar, 2019 12:00am
PM fears conflict risk while India in election mode: FT

PM fears conflict risk while India in election mode: FT

Prime Minister Imran Khan said he feared another security incident with India. In an interview with the Financial Times on Tuesday, Khan said tensions were still high even after the crisis over a militant attack in the disputed region of Kashmir had eased
Published 27 Mar, 2019 12:00am
Congress urges delay to Modi biopic as election looms

Congress urges delay to Modi biopic as election looms

India's main opposition Congress party has petitioned election officials to delay the release of a flattering new Bollywood biopic about Prime Minister Narendra Modi until after upcoming elections. Critics have said the film, due for release on April 5, i
Published 27 Mar, 2019 12:00am
Congress urges delay to Modi biopic as election looms

Congress urges delay to Modi biopic as election looms

India's main opposition Congress party has petitioned election officials to delay the release of a flattering new Bollywood biopic about Prime Minister Narendra Modi until after upcoming elections. Critics have said the film, due for release on April 5, i
Published 27 Mar, 2019 12:00am
Power tariff to go up by Rs 2 per unit

Power tariff to go up by Rs 2 per unit

The federal government Tuesday said it has to increase power tariff by Rs 2 per unit to pass on the burden of Rs 200 billion to consumers through quarterly adjustments. This was formally announced by Minister for Power, Omar Ayub Khan at a press conferenc
Published 27 Mar, 2019 12:00am
Power tariff to go up by Rs 2 per unit

Power tariff to go up by Rs 2 per unit

The federal government Tuesday said it has to increase power tariff by Rs 2 per unit to pass on the burden of Rs 200 billion to consumers through quarterly adjustments. This was formally announced by Minister for Power, Omar Ayub Khan at a press conferenc
Published 27 Mar, 2019 12:00am
Power tariff to go up by Rs 2 per unit

Power tariff to go up by Rs 2 per unit

The federal government Tuesday said it has to increase power tariff by Rs 2 per unit to pass on the burden of Rs 200 billion to consumers through quarterly adjustments. This was formally announced by Minister for Power, Omar Ayub Khan at a press conferenc
Published 27 Mar, 2019 12:00am
Mohmand Dam: Wapda awards contract to CGGC-Descon JV

Mohmand Dam: Wapda awards contract to CGGC-Descon JV

Following the World Water Day celebrated last week, the Pakistan Water and Power Development Authority (WAPDA) took a giant leap forward for development of precious water resources in the country by awarding on Tuesday the delayed-for-decade contract for
Published 27 Mar, 2019 12:00am
Mohmand Dam: Wapda awards contract to CGGC-Descon JV

Mohmand Dam: Wapda awards contract to CGGC-Descon JV

Following the World Water Day celebrated last week, the Pakistan Water and Power Development Authority (WAPDA) took a giant leap forward for development of precious water resources in the country by awarding on Tuesday the delayed-for-decade contract for
Published 27 Mar, 2019 12:00am
Mohmand Dam: Wapda awards contract to CGGC-Descon JV

Mohmand Dam: Wapda awards contract to CGGC-Descon JV

Following the World Water Day celebrated last week, the Pakistan Water and Power Development Authority (WAPDA) took a giant leap forward for development of precious water resources in the country by awarding on Tuesday the delayed-for-decade contract for
Published 27 Mar, 2019 12:00am
Rs 113 billion dues of Punjab's sugarcane growers paid: CM

Rs 113 billion dues of Punjab's sugarcane growers paid: CM

The Punjab government has paid a sum of Rs113 billion to the sugarcane growers in the province while remaining dues will also be paid to the farmers soon. The Punjab chief minister Sardar Usman Buzdar in a tweet said: "About 99.7 percent dues of previous
Published 27 Mar, 2019 12:00am
Certified seed, fertilizer to be provided to growers: Sarwar
Cotton

Certified seed, fertilizer to be provided to growers: Sarwar

Governor Punjab Chaudhry Muhammad Sarwar has said that the development of the country lies in the prosperity of the small farmers. While speaking at an 'Agri Conference' held here on Tuesday, the Governor said that a forceful campaign is being run by the
Published 27 Mar, 2019 12:00am
Murtaza felicitates for successful Karvan-e-Bhutto

Murtaza felicitates for successful Karvan-e-Bhutto

Adviser to Chief Minister Sindh for Information, Law and Anticorruption Barrister Murtaza Wahab has said that Karvan-e-Bhutto has been launched under the leadership of Bilawal Bhutto Zardari Tuesday, adding it was a true reflection of hopes, aspirations a
Published 27 Mar, 2019 12:00am
Lahore, Faisalabad: work on low-cost houses to begin in April: minister

Lahore, Faisalabad: work on low-cost houses to begin in April: minister

The Punjab Minister for Housing and Urban Development Mian Mahmood ur Rasheed has said that construction of low-cost housing units will start by next month in Lahore and Faisalabad. Under the Naya Pakistan Housing Scheme, Punjab Housing and Town Planning
Published 27 Mar, 2019 12:00am
Seven women get PPAF's awards for community services

Seven women get PPAF's awards for community services

Pakistan Poverty Alleviation Fund (PPAF) on Tuesday organized 8th Amtul Raqeeb Awards under the banner of National Women's Jamboree and presented awards to seven exceptional women for their extraordinary and courageous developmental work for their communi
Published 27 Mar, 2019 12:00am
PTCL, MoCC sign MoU for 'Clean Green Pakistan movement'

PTCL, MoCC sign MoU for 'Clean Green Pakistan movement'

Pakistan Telecommunication Company Limited (PTCL) and Ministry of Climate Change (MoCC), Government of Pakistan, have signed an agreement to support the Clean Green Pakistan Movement. This collaboration will enable to tackle issues of low forest cover and
Published 27 Mar, 2019 12:00am
Poverty, population growth discussed at SFPR

Poverty, population growth discussed at SFPR

Former senators belonging to opposition political parties on Tuesday fell short to appreciate the Prime Minister's emphasis on managing poverty and population growth. The meeting of Senate Forum for Policy Research (SFPR), which met here with ex-senator C
Published 27 Mar, 2019 12:00am
Four terrorists killed in Loralai: ISPR

Four terrorists killed in Loralai: ISPR

At least four terrorists including two suicide bombers were killed during a raid conducted by security forces in Loralai area of Balochistan on Tuesday.
Published 27 Mar, 2019 12:00am
Siraj for meaningful change in country

Siraj for meaningful change in country

Chief of Jamaat-e-Islami, Senator Sirajul Haq, has said that a movement similar to the Pakistan movement was required at this time to bring about a meaningful change in the country. According to media cell of JI at Mansoora he was addressing the Pakistani
Published 27 Mar, 2019 12:00am
SFA seeks KCCI help in ensuring safe quality food-related businesses

SFA seeks KCCI help in ensuring safe quality food-related businesses

Sindh Food Authority (SFA) Director Operations Abrar Ahmed Sheikh has urged the owners of all eateries, restaurants, bakeries and other food-related businesses to improve hygienic conditions in their business premises and provide safe and healthy food to
Published 27 Mar, 2019 12:00am
Textile Asia open at Expo Centre

Textile Asia open at Expo Centre

The 21st Textile Asia 2019 - International Textile, Garments Machinery and Clothing Trade Fair has begun at Karachi Expo Centre (KEC) on Tuesday. Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) and Ecommerce Gateway Pakistan are
Published 27 Mar, 2019 12:00am
PPP train 'march' begins

PPP train 'march' begins

The Pakistan Peoples Party's train march against the federal government started from Karachi's Cantt Station Tuesday under the leadership of party chairman Bilawal Bhutto Zardari. Titled as "Caravan-e-Bhutto", the special train of the Pakistan Railways wi
Published 27 Mar, 2019 12:00am
Two brothers among three killed in Mardan

Two brothers among three killed in Mardan

Three persons, including two brothers, lost their lives and three others sustained injuries in a firing incident in Mardan on Tuesday. Police said two groups, who were cousins, exchanged fire in Gharibabad, Mayar area in the limits of Hoti Police Station
Published 27 Mar, 2019 12:00am
'Bhutto Caravan' perturbed rulers'

'Bhutto Caravan' perturbed rulers'

Pakistan Peoples Party (PPP) Punjab Secretary General, Ch Manzoor Ahmed said on Tuesday that rulers have taken aback while looking at the mammoth receptions of 'Bhutto Caravan'.
Published 27 Mar, 2019 12:00am
SBP report a charge sheet against government: Baloch

SBP report a charge sheet against government: Baloch

Acting Chief of the Jamaat-e-Islami, Liaqat Baloch, has suggested that the New Zealand Prime Minister should be awarded Nobel peace prize for her statesman-like behavior after the terrorist attacks in two mosques there. He was addressing the office bearer
Published 27 Mar, 2019 12:00am
Kamal calls for providing maximum incentives to Businessmen

Kamal calls for providing maximum incentives to Businessmen

Chairman Pak Sarzameen Party Mustafa Kamal has emphasized the need for providing maximum incentives to business community under one window operation in order to strengthen the economy of the country. He said this while addressing the businessmen during hi
Published 27 Mar, 2019 12:00am
Russia says troops sent to Venezuela in accordance with 'legal norms'

Russia says troops sent to Venezuela in accordance with 'legal norms'

Russia on Tuesday said its decision to send military personnel to Venezuela in support of the embattled regime of President Nicolas Maduro was in accordance with the country's laws, after the move drew a strong rebuke from the US. Washington and Moscow h
Published 27 Mar, 2019 12:00am
Venezuela declares holiday as new blackout grips country

Venezuela declares holiday as new blackout grips country

Venezuela decreed a 24-hour holiday Tuesday to cope with a new near-nationwide blackout that the government alleged was caused by an "attack" targeting its main hydroelectric plant. Caracas and other cities were without power, knocking out public transpor
Published 27 Mar, 2019 12:00am
International Steels Limited (ISL)
Mutual Funds

International Steels Limited (ISL)

International Steels Limited (PSX: ISL) is a leading flat steel manufacturer in Pakistan commencing production in 2010. It is a subsidiary of International Industries Limited (IIL). The company was established with a $165 million investment, with equity c
Published 27 Mar, 2019 12:00am
'Quaid-e-Azam Apparel Park' declared as SEZ

'Quaid-e-Azam Apparel Park' declared as SEZ

Provincial Minister for Industries, Commerce and Investment & Skill Development Mian Aslam Iqbal announced that the government has declared Quaid-e-Azam Apparel Park (QAAP) as special economic zone (SEZ) where one window facility has been provided to loca
Published 27 Mar, 2019 12:00am
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