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May 13, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-05-01
Dollar marks time in Asian trade
Currency

Dollar marks time in Asian trade

The dollar held to tight ranges in holiday-thinned Asian trade on Tuesday, though its Australian counterpart eased as disappointing readings on Chinese manufacturing tempered hopes for a rapid rebound in global growth.
Published 01 May, 2019 12:00am
M-1, M-2 Toll Plazas: NHA extends M-Tag registration date till June 12

M-1, M-2 Toll Plazas: NHA extends M-Tag registration date till June 12

National Highway Authority (NHA) has extended M-Tag registration date at M-1 and M-2 Toll Plazas till June 12, 2019. According to the NHA spokesperson, M-Tag registration of vehicles for uninterrupted passage of vehicles on Islamabad-Peshawar Motorway (M-
Published 01 May, 2019 12:00am
Every tree must be tagged to dispel negative propaganda: FCCI chief

Every tree must be tagged to dispel negative propaganda: FCCI chief

Every full-grown tree must be tagged to dispel negative propaganda in addition to ensuring transparency in tree plantation campaigns launched by the governments, said Syed Zia Alumdar Hussain president Faisalabad Chamber of Commerce & Industry (FCCI).
Published 01 May, 2019 12:00am
Punjab promotes advance technology for farmers

Punjab promotes advance technology for farmers

Provincial Minister for Agriculture Malik Numan Ahmad Langrial has said Punjab govt promoted the advance technology for development of agriculture sector and prosperity of the farmers so that they could produce more crops in less expenditure.
Published 01 May, 2019 12:00am
AkzoNobel Pakistan's solar panels project opens

AkzoNobel Pakistan's solar panels project opens

AkzoNobel Pakistan (ANPL), a leading paints and coating company, has installed and successfully commissioned a 460KW DC power generating solar panel structure in its manufacturing site and office in Lahore. Managing Director for AkzoNobel Decorative Paint
Published 01 May, 2019 12:00am
40 women trained at NCA

40 women trained at NCA

As many as 40 young women from Punjab and Khyber Pakhtunkhwa have successfully completed a two-day US-funded cricket camp at the National Cricket Academy. They participated in activities designed to build leadership skills and encourage healthy lifestyles
Published 01 May, 2019 12:00am
Labour Day being observed today

Labour Day being observed today

The Labour Day, also known as May Day, will be observed around the world including provincial metropolis to express solidarity with workers and labourers on Wednesday. The day is an annual holiday to celebrate the achievements of workers. It has its origi
Published 01 May, 2019 12:00am
CoAS visits FFRC Abbottabad

CoAS visits FFRC Abbottabad

Chief of Army Staff (COAS) General Qamar Javed Bajwa has appreciated the contributions and sacrifices of Frontier Force Regiment for the defence of motherland. The Chief of Army Staff visited Frontier Force Regimental Centre, Abbotabad, on Tuesday. He ins
Published 01 May, 2019 12:00am
Pakistan, US discuss steps to strengthen economic ties

Pakistan, US discuss steps to strengthen economic ties

Principal Deputy Assistant Secretary of State for South and Central Asian Affairs, Alice Wells discussed with Pakistani authorities the opportunities to strengthen economic ties between the United States and Pakistan, and explored other areas for growth i
Published 01 May, 2019 12:00am
Pakistan has the highest average effective rate of customs duty

Pakistan has the highest average effective rate of customs duty

The average effective rate of customs duty in Pakistan is 11.2 percent as compared to 7.5 percent in India i.e. higher by 3.7 percent. According to the data compiled by the Federal Board of Revenue (FBR) on average effective regional customs duty, Pakista
Published 01 May, 2019 12:00am
LPG price up by Rs 16

LPG price up by Rs 16

The Oil and Gas Regulatory Authority (Ogra) Tuesday increased the price of domestic 11.8-kg liquefied petroleum gas (LPG) cylinder by Rs 16 for the month of May 2019. According to a notification issued by Ogra, the new price of 11.8-kg domestic cylinder w
Published 01 May, 2019 12:00am
Punjab CS for activating price control magistrates

Punjab CS for activating price control magistrates

Punjab Chief Secretary Yousaf Naseem Khokhar on Tuesday visited Faisalabad to review administrative affairs and implementation of government policies and issued special directions regarding price control, Ramazan bazaars, wheat procurement and 'Clean and
Published 01 May, 2019 12:00am
New provinces: PML-N to launch mass movement against PTI after Ramazan

New provinces: PML-N to launch mass movement against PTI after Ramazan

Pakistan Muslim League-Nawaz (PML-N) has decided to launch a mass movement against Pakistan Tehreek-e-Insaf (PTI) government after the holy month of Ramazan for not fulfilling its commitment of creating new provinces -Janubi (south) Punjab, Bahawalpur and
Published 01 May, 2019 12:00am
Shah urges government to share terms & conditions of IMF, ADB loans

Shah urges government to share terms & conditions of IMF, ADB loans

Pakistan People Peoples (PPP) leader and former leader of opposition in the National Assembly, Syed Khursheed Ahmed Shah has said that Pakistan Tehreek-e-Insaf (PTI) government should share the terms and conditions of the loans being taken from the Intern
Published 01 May, 2019 12:00am
China terms Imran's visit highly productive

China terms Imran's visit highly productive

China highly appreciates the outcome of Prime Minister Imran Khan's recent visit to Beijing, hoping that it would open new avenues of bilateral cooperation.
Published 01 May, 2019 12:00am
Mohsin Dawar meets Bilawal

Mohsin Dawar meets Bilawal

Member of National Assembly (MNA) and leader of Pashtun Tahafuz Movement (PTM), Mohsin Dawar along with a group of human rights activists called on Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari and Co-Chairman PPP Asif Ali Zardari.
Published 01 May, 2019 12:00am
Some SLIC employees arrested for blocking Jinnah Avenue

Some SLIC employees arrested for blocking Jinnah Avenue

Local police Tuesday took into custody some protesting employees of State Life Insurance Corporation (SLIC) for blocking Jinnah Avenue for traffic. The police took the SLIC employees into custody on the request of district administration after they refuse
Published 01 May, 2019 12:00am
Senate body to review PSDP in depth next week

Senate body to review PSDP in depth next week

The Senate Standing Committee on Federal Education and Professional Training while scrutinising Rs 5 billion Public Sector Development Programme (PSDP) proposed by the ministry said that it cannot be treated like a rubberstamp to approve its budget withou
Published 01 May, 2019 12:00am
Delay in setting up CCI secretariat irk senate panel

Delay in setting up CCI secretariat irk senate panel

A Senate panel Tuesday expressed concern over continued delay in establishing a permanent secretariat of Council of Common Interests (CCI) in accordance with the 18th Constitutional Amendment.
Published 01 May, 2019 12:00am
Women bus service inaugurated in Abbottabad

Women bus service inaugurated in Abbottabad

The Speaker Khyber Pakhtunkhwa Assembly, Mushtaq Ahmed Ghani on Tuesday inaugurated the operation of Pink Buses and designated bus stops, an exclusive transport facility for women in Abbottabad.
Published 01 May, 2019 12:00am
PPA calls for raising EPI's coverage in Sindh

PPA calls for raising EPI's coverage in Sindh

Vaccination coverage in Sindh is around 50 percent which must be increased to 90 percent to eradicate diseases claiming lives of children, according to leading paediatricians. They shared their views at a press briefing held at a hotel on Tuesday to mark
Published 01 May, 2019 12:00am
Sindh government, KMC blame each other for citizens' woes

Sindh government, KMC blame each other for citizens' woes

Instead of making coordinated efforts to resolve issues of Karachi ahead of the holy month of Ramazan, the Sindh govt and Karachi Metropolitan Corporation (KMC) have started blaming each other for financial irregularities and corruption.
Published 01 May, 2019 12:00am
NAB Karachi seeks approval to file reference against Durrani, Michael

NAB Karachi seeks approval to file reference against Durrani, Michael

National Accountability Bureau (NAB) Karachi has sought approval from its headquarters for filing references against Agha Siraj Durrani and Senator Kamran Michael and for authorization of corruption inquiry in PIA. The Regional Board Meeting (RBM) was hel
Published 01 May, 2019 12:00am
Bykea raises $5.7 million in Series A funding

Bykea raises $5.7 million in Series A funding

Bykea, a technology platform for on-demand transport and related services, announced on Tuesday that it has completed a $5.7 million Series A round of financing from Pakistan's first VC fund Sarmaycar and institutional investors from South East Asia and f
Published 01 May, 2019 12:00am
Bykea raises $5.7 million in Series A funding

Bykea raises $5.7 million in Series A funding

Bykea, a technology platform for on-demand transport and related services, announced on Tuesday that it has completed a $5.7 million Series A round of financing from Pakistan's first VC fund Sarmaycar and institutional investors from South East Asia and f
Published 01 May, 2019 12:00am
Burkina Faso shows interest in direct import of rice from Pakistan

Burkina Faso shows interest in direct import of rice from Pakistan

Ambassador of Burkina Faso has evinced interest in direct import of rice from Pakistan. Ambassador Souleymane Kone shared his views during a visit to Rice Exporters Association of Pakistan (REAP) Karachi Office. Bassirou Zoma, 2nd Consul General of Burkin
Published 01 May, 2019 12:00am
Pakistan Tobacco Company launches 'Made in Pakistan' initiative

Pakistan Tobacco Company launches 'Made in Pakistan' initiative

Pakistan Tobacco Company Limited, a subsidiary of a British American Group (BAT), Tuesday launched its exports initiative "Made in Pakistan" aiming at helping towards bringing economic prosperity to the country. The event was attended by various dignitari
Published 01 May, 2019 12:00am
Turkmenistan energy delegation meets minister

Turkmenistan energy delegation meets minister

A energy delegation of Turkmenistan led by Durdy Elyasov Chairman, Turkmen Energo SPC, met Federal Minister for Power Omar Ayub Khan on Tuesday. Secretary Power Division, Irfan Ali and other senior officials of Power Division, NTDC, PPIB and CPPA were pre
Published 01 May, 2019 12:00am
July-March duty exemptions cost exchequer Rs 186.129 billion

July-March duty exemptions cost exchequer Rs 186.129 billion

The cost of exemption/concession of customs duty given to investors, importers and lobbies stood at Rs186.129 billion during July-March 2018-19. FBR Member Customs Policy Muhammad Javed Ghani Monday informed the National Assembly Standing Committee on Fin
Published 01 May, 2019 12:00am
GST returns to be separate: Web portal to be single for FBR, PRAs

GST returns to be separate: Web portal to be single for FBR, PRAs

There would be a single web portal for the Federal Board of Revenue (FBR) and provinces for filing of returns by taxpayers, but there is no proposal of unified sales tax return. Sources told Business Recorder Tuesday that the provinces have yet to
Published 01 May, 2019 12:00am
PQFTL opens branch in Abbottabad

PQFTL opens branch in Abbottabad

Pak-Qatar Family Takaful Limited (PQFTL) has inaugurated its Abbottabad branch in Khyber Pakhtunkhwa recently. The new branch was inaugurated by the Deputy CEO of Pak-Qatar Family Takaful, Muhammad Menhas along with senior members of the regional team.
Published 01 May, 2019 12:00am
SBP launches Innovation Challenge Facility

SBP launches Innovation Challenge Facility

The State Bank of Pakistan (SBP) has announced to launch an Innovation Challenge Facility (ICF) to find and support innovative fin tech solutions to promote Digital Financial Services (DFS) in the country. The key objective of facility is to provide an op
Published 01 May, 2019 12:00am
Experts discuss different aspects of 18th Amendment

Experts discuss different aspects of 18th Amendment

Centre for Peace, Security and Developmental Studies (CPSD) Karachi based public policy think tank organised a roundtable discussion on "18th Amendments: Pitfall and Opportunities' in Karachi. Speakers from academia, political parties, civil society membe
Published 01 May, 2019 12:00am
USAID-funded E-Beam irradiation facility opens

USAID-funded E-Beam irradiation facility opens

On Tuesday, Consul General JoAnne Wagner inaugurated the Electronic Beam (E-Beam) irradiation facility established through support from the United States Agency for International Development (USAID) funded US-Pakistan Partnerships for Agricultural Market
Published 01 May, 2019 12:00am
Chinese delegation visits LCCI

Chinese delegation visits LCCI

Pakistan and China being steady geo-political partners have very cordial relations. CPEC which is part of the Belt and Road Initiative promises even greater fortunes for us that would certainly prove to be a game changer.
Published 01 May, 2019 12:00am
Rioting breaks out in Venezuela amid 'attempted coup'

Rioting breaks out in Venezuela amid 'attempted coup'

Venezuela's self-proclaimed acting president Juan Guaido claimed Tuesday that troops had joined his campaign to oust President Nicolas Maduro, whose government vowed to put down what it called an attempted coup by the US-backed opposition leader.
Published 01 May, 2019 12:00am
New entrant Biden surges in 2020 Democrat race: polls

New entrant Biden surges in 2020 Democrat race: polls

Joe Biden has taken a commanding lead in the crowded 2020 Democratic presidential nomination race, polls showed Tuesday, boosting the former US vice president's standing as he began campaigning in early-voting Iowa. A CNN poll had Biden breaking away from
Published 01 May, 2019 12:00am
Trump says US stands with Venezuelan people's 'freedom'

Trump says US stands with Venezuelan people's 'freedom'

President Donald Trump said Tuesday the United States supports the "freedom" of the Venezuelan people, as the US-backed opposition leader Juan Guaido said troops had joined his campaign to oust President Nicolas Maduro. "The United States stands with the
Published 01 May, 2019 12:00am
South Africa lashes out at UN over Western Sahara

South Africa lashes out at UN over Western Sahara

South Africa on Tuesday chastised the UN Security Council after it adopted a resolution on Western Sahara that it said was unbalanced and ignored African concerns. The US-drafted resolution extending the observer mission in Western Sahara was adopted by a
Published 01 May, 2019 12:00am
China sentences another Canadian to death for drug trafficking

China sentences another Canadian to death for drug trafficking

A Chinese court sentenced a second Canadian man to death for drug trafficking on Tuesday, eliciting a rebuke from Canada's foreign minister, amid diplomatic tensions between Ottawa and Beijing. The court in southern Guangdong province said the Canadian, F
Published 01 May, 2019 12:00am
Xi urges youth to 'love' the Communist Party

Xi urges youth to 'love' the Communist Party

President Xi Jinping urged China's youth on Tuesday to be loyal to the Communist Party as he sought to whip up patriotic sentiment in a nationalist speech marking the centennial of a student protest. Xi delivered his hour-long plea at the Great Hall of th
Published 01 May, 2019 12:00am
North Korea slams 'foolish and dangerous' Pompeo

North Korea slams 'foolish and dangerous' Pompeo

A senior North Korean official on Tuesday accused US Secretary of State Mike Pompeo of having "foolish and dangerous ideas", and warned Washington of an "unwanted outcome" if it does not adjust its stance on economic sanctions. Pyongyang and Washington ha
Published 01 May, 2019 12:00am
Netanyahu sworn into Israel's new parliament

Netanyahu sworn into Israel's new parliament

Prime Minister Benjamin Netanyahu was sworn into Israel's new parliament on Tuesday following his victory in April 9 elections and will seek to form a governing coalition in the days ahead. Netanyahu was among the 120 members of the Knesset, or parliament
Published 01 May, 2019 12:00am
Israel cuts Gaza fishing limit after rocket launch

Israel cuts Gaza fishing limit after rocket launch

Israel reduced the offshore fishing limit it imposes for vessels operating out of Gaza from Tuesday following rocket fire from the territory by Palestinian militants, officials said. A number of fishing boats came under Israeli naval fire early Tuesday, t
Published 01 May, 2019 12:00am
Ghana becomes second country to launch vital malaria vaccine

Ghana becomes second country to launch vital malaria vaccine

Ghana on Tuesday rolled out the world's only proven malaria vaccine for infants as part of a landmark campaign against the deadly mosquito-borne disease, one week after Malawi became the first country to do so.
Published 01 May, 2019 12:00am
Indian shares lower as Yes Bank tumbles

Indian shares lower as Yes Bank tumbles

Indian shares closed slightly lower on Tuesday, with Yes Bank Ltd posting its biggest ever drop as rising bad loans dragged the private-sector lender to a shock quarterly loss. The broader NSE index ended 0.06 percent lower at 11,748.15, while the benchma
Published 01 May, 2019 12:00am
Sri Lankan stocks up

Sri Lankan stocks up

The Sri Lankan stocks extended gains into the fifth day on Tuesday after hitting a more than six-year closing low last week.
Published 01 May, 2019 12:00am
China stocks rise

China stocks rise

China stocks rose on Tuesday despite lacklustre factory activity data, with some analysts saying that sharp corrections recently have largely reflected expectations of a slower economic growth.
Published 01 May, 2019 12:00am
Australian shares fall; New Zealand flat

Australian shares fall; New Zealand flat

Australian shares ended at a one-week low on Tuesday as energy and mining stocks dropped sharply after disappointing factory data from China highlighted weakness in the world's second-largest economy.
Published 01 May, 2019 12:00am
Most Southeast Asian stocks up

Most Southeast Asian stocks up

Most Southeast Asian stock markets advanced on Tuesday as disappointing China factory data stoked optimism that Beijing would continue to provide policy stimulus to boost growth. Official data showed that manufacturing activity in the world's second-large
Published 01 May, 2019 12:00am
Hong Kong stocks down

Hong Kong stocks down

Hong Kong shares ended weaker on Tuesday, dented by declines in property and energy stocks, as investors awaited fresh market stimulus after decent gains so far this year. The Hang Seng index closed 0.7 percent lower at 29,699.11, while the China Enterpri
Published 01 May, 2019 12:00am
Bank dents Abu Dhabi as cement makers strengthen Saudi index

Bank dents Abu Dhabi as cement makers strengthen Saudi index

The Abu Dhabi stock market fell sharply on Tuesday, dragged down by First Abu Dhabi Bank(FAB), while the Saudi index was lifted by its cement producers. Abu Dhabi's index dropped 1.4 percent as First Abu Dhabi, the UAE's largest bank, shed 2.4 percent aft
Published 01 May, 2019 12:00am
Asian forex: Korean won slips to two-year low
Currency

Asian forex: Korean won slips to two-year low

South Korea's won fell to its weakest in more than two years on risk aversion after bearish readings on China manufacturing activity on Tuesday, although India's rupee and Philippine peso were resilient on softer oil prices.
Published 01 May, 2019 12:00am
Sri Lankan rupee weakens
Currency

Sri Lankan rupee weakens

The Sri Lankan rupee closed weaker for the fifth consecutive session on Tuesday, as security alerts on possible further attacks after the Easter Sunday bombings weighed on investor sentiment, while stocks extended gains into the fifth day after hitting a
Published 01 May, 2019 12:00am
Dollar falls against basket of currencies in New York
Currency

Dollar falls against basket of currencies in New York

The dollar fell against a basket of currencies on Monday, slipping further from a 23-month high, as traders await more data to convince them whether to add to their bullish positions in the greenback. Most major currencies held in tight ranges on light tr
Published 01 May, 2019 12:00am
Euro extends gains above $1.12 in Europe
Currency

Euro extends gains above $1.12 in Europe

The euro extended gains to top $1.12 on Tuesday after first quarter growth numbers for the euro zone were stronger than expectations, dispersing some of the negativity surrounding the outlook for the single currency. Eurozone economic growth was stronger
Published 01 May, 2019 12:00am
Palladium slumps seven percent; gold dips in New York

Palladium slumps seven percent; gold dips in New York

Palladium on Monday slumped about 7 percent, its biggest daily percentage drop in over two-years, while gold also fell as strong US data improved investors' appetite for riskier assets ahead of the US Federal Reserve policy meeting. Spot palladium slid ab
Published 01 May, 2019 12:00am
Raw sugar rallies after hitting seven-week low

Raw sugar rallies after hitting seven-week low

Raw sugar prices on ICE rallied on Tuesday after hitting seven-week lows in the previous session as the market came under pressure ahead of the front-month contract expiry, while London cocoa touched a nine-month high. July raw sugar rose 0.22 cents, or 1
Published 01 May, 2019 12:00am
Argentina touts its soyameal in China, seeking import approval

Argentina touts its soyameal in China, seeking import approval

Argentine officials are in China this week, promoting the country's soyameal products to win over local buyers and gain long sought approval from Beijing to sell soya-based livestock feed to the world's top consumer. China is the No. 1 buyer of Argentine
Published 01 May, 2019 12:00am
Palm oil falls to six-week low

Palm oil falls to six-week low

Malaysian palm oil futures fell to its lowest in six weeks on Tuesday, recording a fourth consecutive day of declines, due to a bearish outlook for stocks from a leading palm oil analyst. Dorab Mistry had forecast on Monday evening that Malaysia's palm oi
Published 01 May, 2019 12:00am
South Africa's maize harvest seen 15 percent lower

South Africa's maize harvest seen 15 percent lower

South Africa is expected to harvest 15 percent less maize in 2019 compared to the previous season after dry conditions delayed plantings, the government's Crop Estimates Committee (CEC) said on Thursday. The CEC, which gave its third estimate for the 2018
Published 01 May, 2019 12:00am
Oil tops $73/bbl then pares gains as Venezuela's Maduro claims support

Oil tops $73/bbl then pares gains as Venezuela's Maduro claims support

Oil prices rose on Tuesday above $73 a barrel but then eased off the session high after Venezuela's president Nicolas Maduro said military leaders remained loyal to his government despite an attempted coup that could further threaten the OPEC producer's o
Published 01 May, 2019 12:00am
Copper prices rise despite weak Chinese factory data

Copper prices rise despite weak Chinese factory data

Copper prices rose on Tuesday as investors bet that top consumer China would respond to weak factory data by implementing fresh stimulus measures. Zinc also gained more than 1 percent as surging premiums for cash metal on the London Metal Exchange (LME) p
Published 01 May, 2019 12:00am
EU new crop wheat falls in team with Chicago, weak euro supports

EU new crop wheat falls in team with Chicago, weak euro supports

European wheat prices edged lower on Monday in the wake of a fall on US market but a weak euro against a dollar that makes European grains more competitive kept a floor on prices, traders said. New crop September milling wheat on Paris-based Euronext, was
Published 01 May, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 01 May, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 01 May, 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 01 May, 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 01 May, 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 (April 30, 2019).

Published 01 May, 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 (April 30, 2019).

Published 01 May, 2019 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (April 30, 2019).

Published 01 May, 2019 12:00am
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