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May 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-07-08
Nepra to hold meeting at KCCI on July 14

Nepra to hold meeting at KCCI on July 14

National Electric Power Regulatory Authority (Nepra) in order to help resolve the issues concerning K-Electric has decided to convene a meeting on July 14 at Karachi Chamber of Commerce and Industry (KCCI), it is learnt here on Monday.
Published 08 Jul, 2014 12:00am
Shahbaz discusses energy projects with Chinese companies

Shahbaz discusses energy projects with Chinese companies

Chief Minister Punjab Muhammad Shahbaz Sharif here on Monday held separate meetings with heads and representatives of government and autonomous companies and financial institutions of China. On this occasion, suggestions were finalised for various solar a
Published 08 Jul, 2014 12:00am
Electoral reforms: Minister asks Imran to play active role

Electoral reforms: Minister asks Imran to play active role

Federal Minister for Information and Broadcasting Pervaiz Rashid said on Monday that the government would encourage and support any proposal for electoral reforms in the country. Talking to media persons after attending the meeting of Senate Standing Comm
Published 08 Jul, 2014 12:00am
'Increase in LPG prices unjustified'

'Increase in LPG prices unjustified'

The Liquefied Petroleum Gas (LPG) marketing companies have increased the price of the commodity by Rs 15 per kg within a short span of time. All Pakistan LPG Distributors Association Chairman Irfan Khokar said the increase in LPG prices was unjustified as
Published 08 Jul, 2014 12:00am
'Modi gets a hostile reception in IHK'

'Modi gets a hostile reception in IHK'

Apropos Business Recorder editorial 'Modi gets a hostile reception in held Kashmir', one needs to appreciate the profundity of argument articulated by the newspaper. As pointed out by the newspaper, the day Modi arrived in Srinagar, police erected
Published 08 Jul, 2014 12:00am
Turkey economy risks choppy waters under Erdogan presidency

Turkey economy risks choppy waters under Erdogan presidency

Prime Minister Recep Tayyip Erdogan appears all but assured of winning upcoming Turkish presidential polls, but he could find himself in charge of a far more fragile economy than in the last decade of his rule. Analysts say the Turkish strongman is jeopar
Published 08 Jul, 2014 12:00am
An EU agenda: keeping British in, Russians out, Germans down

An EU agenda: keeping British in, Russians out, Germans down

The first secretary-general of Nato, Lord Ismay, once said the Western defence alliance was created "to keep the Americans in, the Russians out and the Germans down". The task facing the European Union now might be described as to keep the British in, the
Published 08 Jul, 2014 12:00am
The Weather

The Weather

The weather report on Monday (July 07, 2014) and the forecast for Tuesday (July 08, 2014).

Published 08 Jul, 2014 12:00am
A tough job for FBR

A tough job for FBR

Besides their negative effects, pressure from International Finance Institutions lending to Pakistan, has had one positive effect - eventual realisation by the government that Pakistan's tax-to-GDP ratio must improve; because this effort was delayed for t
Published 08 Jul, 2014 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 08 Jul, 2014 12:00am
Dalai Lama's appeal to co-religionists

Dalai Lama's appeal to co-religionists

At his 79th birthday celebrations, Dalai Lama, the spiritual leader of Tibetan Buddhists, used his moral authority to urge Myanmar and Sri Lankan Buddhists to stop violence against Muslims. Non-violence being central precept of the teachings of his faith,
Published 08 Jul, 2014 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 08 Jul, 2014 12:00am
GIDC: unwarranted and unadvised tensions

GIDC: unwarranted and unadvised tensions

A Business Recorder exclusive had revealed that the raise in Gas Infrastructure Development Cess (GIDC) would generate greater revenue from Sindh industry, particularly the textile sector that operates captive power plants as opposed to Punjab. The
Published 08 Jul, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (July 07, 2014).

Published 08 Jul, 2014 12:00am
Minister condemns Indian firing in Rawlakot

Minister condemns Indian firing in Rawlakot

Federal Minister for Kashmir Affairs & Gilgit-Baltistan Chaudhry Barjees Tahir has strongly condemned the firing along the Line of Control (LOC) by Indian troops in Abbaspur area of Rawlakot resulting in injuries to a citizen. In a statement here on Monda
Published 08 Jul, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (July 07, 2014) and for Tuesday (July 08, 2014).
Published 08 Jul, 2014 12:00am
Hamid Nawaz elected President of CBO

Hamid Nawaz elected President of CBO

Hamid Nawaz has been elected President Anjuman Rafah-e-Ammah a Community Based Organisation (CBO) working in Muslim Colony Jiamusa Shahdara Lahore. The CBO is running two dispensaries, a laboratory, a vocational school for girls and a library. It has also
Published 08 Jul, 2014 12:00am
Military operation was last option, says KP Governor

Military operation was last option, says KP Governor

KP Governor Sardar Mahtab Ahmad Khan has said that operation was last remaining option with the government. However, he said that efforts were being made to avoid civilian losses and make it a targeted to complete it in shortest possible time period and r
Published 08 Jul, 2014 12:00am
Akbar Bugti murder case adjourns till July 11

Akbar Bugti murder case adjourns till July 11

The hearing of the Nawab Akbar Khan Bugti murder case was adjourned on Monday till August 11 due to the judge of Anti Terrorism Court was on leave. According to details, the hearing of the Nawab Akbar Bugti murder case was not held as the judge of the Ant
Published 08 Jul, 2014 12:00am
MQM records history to organise a rally in Ramazan: Altaf

MQM records history to organise a rally in Ramazan: Altaf

MQM Chief Altaf Hussain has said that they had recorded a new history by organising a successful mass gathering in the holy month of Ramazan within a short notice. In a statement issued from London, Hussain appreciated his workers and supporters, includin
Published 08 Jul, 2014 12:00am
Removal of MD PTV: intra-court appeal dismissed

Removal of MD PTV: intra-court appeal dismissed

The Islamabad High Court (IHC) on Monday dismissed the intra-court appeal challenging the court's order to remove Managing Director (MD) PTV Muhammad Malick. The division bench headed by Chief Justice Anwar Kansi and comprising Justice Noorul Haq Qureshi
Published 08 Jul, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (July 07, 2014).

Published 08 Jul, 2014 12:00am
Allegations against vice chancellor: court seeks more arguments

Allegations against vice chancellor: court seeks more arguments

The Lahore High Court here on Monday expressed its concern over allegations of sexual harassment against Punjab University Vice Chancellor (VC) Dr Mujahid Kamran. It observed that the status of a teacher is highly respectable but the allegations against D
Published 08 Jul, 2014 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (July 07, 2014).

Published 08 Jul, 2014 12:00am
Shahtaj Textile Mill Limited

Shahtaj Textile Mill Limited

A Shahnawaz group company, Shahtaj Textile Limited (KSE: STJT) was incorporated in 1990 and is listed on the Karachi and Lahore Stock Exchanges. Its production facilities are situated in the hub of textile industries near Lahore. The mills went into comme
Published 08 Jul, 2014 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (July 07, 2014).

Published 08 Jul, 2014 12:00am
Shahtaj Textile Mill Limited

Shahtaj Textile Mill Limited

A Shahnawaz group company, Shahtaj Textile Limited (KSE: STJT) was incorporated in 1990 and is listed on the Karachi and Lahore Stock Exchanges. Its production facilities are situated in the hub of textile industries near Lahore. The mills went into comme
Published 08 Jul, 2014 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (July 07, 2014).

Published 08 Jul, 2014 12:00am
Cotton tumbles to two-year low

Cotton tumbles to two-year low

ICE cotton fell to a two-year low on Monday on hedge pressure and bearish expectations that the government would raise its outlook for supplies in United States, the world's top exporter. The benchmark December cotton contract on ICE Futures US tumbled to
Published 08 Jul, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 07, 2014).

Published 08 Jul, 2014 12:00am
Oil edges lower, nears $110 as supply fears fade

Oil edges lower, nears $110 as supply fears fade

Brent crude oil fell on Monday, edging toward $110 a barrel as fears of supply disruptions out of Libya and Iraq abated. The North Sea oil benchmark reached a new three-week low, as Libya prepared to resume oil exports from two ports closed for nearly a y
Published 08 Jul, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 07, 2014).

Published 08 Jul, 2014 12:00am
Ukraine to cut grain exports by 22 percent

Ukraine to cut grain exports by 22 percent

Ukraine may cut grain exports in the 2014/15 marketing year, which started on July 1, by up to 22 percent due to higher production costs, Kiev-based UCAB consultancy said on Wednesday. Ukraine, one of the world's key grain exporters via the Black Sea, has
Published 08 Jul, 2014 12:00am
Shevardnadze dies at 86

Shevardnadze dies at 86

Eduard Shevardnadze, who helped end the Cold War as the Soviet Union's last foreign minister before becoming president of Georgia, died on Monday at the age of 86 He was a controversial figure praised for his role in negotiating a bloodless end to the Sov
Published 08 Jul, 2014 12:00am
Shevardnadze dies at 86

Shevardnadze dies at 86

Eduard Shevardnadze, who helped end the Cold War as the Soviet Union's last foreign minister before becoming president of Georgia, died on Monday at the age of 86 He was a controversial figure praised for his role in negotiating a bloodless end to the Sov
Published 08 Jul, 2014 12:00am
THE RUPEE: slight changes

THE RUPEE: slight changes

Little changes were seen on the money market on Monday in the process of trading, dealers said. The rupee fell by five-paisa against the dollar for buying at Rs 98.80 and it shed two-paisa for selling at Rs 98.90, they said.
Published 08 Jul, 2014 12:00am
Subsidies on wheat flour: Supreme Court asks officials to submit reports

Subsidies on wheat flour: Supreme Court asks officials to submit reports

The Supreme Court on Monday redirected all the provincial food secretaries to provide reports pertaining to a subsidy on wheat flour and its availability in the country. A three-judge bench led by Justice Jawwad S Khawaja was hearing a petition filed by J
Published 08 Jul, 2014 12:00am
THE RUPEE: slight changes

THE RUPEE: slight changes

Little changes were seen on the money market on Monday in the process of trading, dealers said. The rupee fell by five-paisa against the dollar for buying at Rs 98.80 and it shed two-paisa for selling at Rs 98.90, they said.
Published 08 Jul, 2014 12:00am
Subsidies on wheat flour: Supreme Court asks officials to submit reports

Subsidies on wheat flour: Supreme Court asks officials to submit reports

The Supreme Court on Monday redirected all the provincial food secretaries to provide reports pertaining to a subsidy on wheat flour and its availability in the country. A three-judge bench led by Justice Jawwad S Khawaja was hearing a petition filed by J
Published 08 Jul, 2014 12:00am
Subsidies on wheat flour: Supreme Court asks officials to submit reports

Subsidies on wheat flour: Supreme Court asks officials to submit reports

The Supreme Court on Monday redirected all the provincial food secretaries to provide reports pertaining to a subsidy on wheat flour and its availability in the country. A three-judge bench led by Justice Jawwad S Khawaja was hearing a petition filed by J
Published 08 Jul, 2014 12:00am
3G licences: revenues lower than projected: Fund

3G licences: revenues lower than projected: Fund

The International Monetary Fund (IMF) has estimated Rs 101 billion lower than envisaged in revenue subsequent to a shortfall of Rs 63.5 billion (1/4 percent of GDP) in tax revenue and Rs 38.1 billion (about 0.15 percent of GDP) non-tax revenue. This was d
Published 08 Jul, 2014 12:00am
3G licences: revenues lower than projected: Fund

3G licences: revenues lower than projected: Fund

The International Monetary Fund (IMF) has estimated Rs 101 billion lower than envisaged in revenue subsequent to a shortfall of Rs 63.5 billion (1/4 percent of GDP) in tax revenue and Rs 38.1 billion (about 0.15 percent of GDP) non-tax revenue. This was d
Published 08 Jul, 2014 12:00am
3G licences: revenues lower than projected: Fund

3G licences: revenues lower than projected: Fund

The International Monetary Fund (IMF) has estimated Rs 101 billion lower than envisaged in revenue subsequent to a shortfall of Rs 63.5 billion (1/4 percent of GDP) in tax revenue and Rs 38.1 billion (about 0.15 percent of GDP) non-tax revenue. This was d
Published 08 Jul, 2014 12:00am
Ibne Abbas made HC to UK

Ibne Abbas made HC to UK

Prime Minister Nawaz Sharif has approved the appointment of Foreign Service career officer Syed Ibne Abbas as Pakistan's new High Commissioner to the United Kingdom, says a private TV channel. Abbas would be the first Foreign Service officer to be Pakista
Published 08 Jul, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Jul, 2014 12:00am
Ibne Abbas made HC to UK

Ibne Abbas made HC to UK

Prime Minister Nawaz Sharif has approved the appointment of Foreign Service career officer Syed Ibne Abbas as Pakistan's new High Commissioner to the United Kingdom, says a private TV channel. Abbas would be the first Foreign Service officer to be Pakista
Published 08 Jul, 2014 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Jul, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 08 Jul, 2014 12:00am
Hamas fires dozens of rockets at Israel

Hamas fires dozens of rockets at Israel

Hamas militants in Gaza fired "dozens" of rockets into southern Israel late Monday, the Islamist movement said after six of its men died as tensions soared around the Palestinian enclave. The bombardment was confirmed by the Israeli army which said milita
Published 08 Jul, 2014 12:00am
Hamas fires dozens of rockets at Israel

Hamas fires dozens of rockets at Israel

Hamas militants in Gaza fired "dozens" of rockets into southern Israel late Monday, the Islamist movement said after six of its men died as tensions soared around the Palestinian enclave. The bombardment was confirmed by the Israeli army which said milita
Published 08 Jul, 2014 12:00am
MPS on Saturday

MPS on Saturday

The State Bank of Pakistan (SBP) will announce Monetary Policy Statement for the next two months on Saturday. Sources told Business Recorder on Monday that the central bank''''s board of directors will meet on July 12, 2014 for deliberations on key
Published 08 Jul, 2014 12:00am
MPS on Saturday

MPS on Saturday

The State Bank of Pakistan (SBP) will announce Monetary Policy Statement for the next two months on Saturday. Sources told Business Recorder on Monday that the central bank''s board of directors will meet on July 12, 2014 for deliberations on key e
Published 08 Jul, 2014 12:00am
MPS on Saturday

MPS on Saturday

The State Bank of Pakistan (SBP) will announce Monetary Policy Statement for the next two months on Saturday. Sources told Business Recorder on Monday that the central bank's board of directors will meet on July 12, 2014 for deliberations on key ec
Published 08 Jul, 2014 12:00am
MPS on Saturday

MPS on Saturday

The State Bank of Pakistan (SBP) will announce Monetary Policy Statement for the next two months on Saturday. Sources told Business Recorder on Monday that the central bank's board of directors will meet on July 12, 2014 for deliberations on key ec
Published 08 Jul, 2014 12:00am
PTI-led KP government launches first-ever Mineral Policy

PTI-led KP government launches first-ever Mineral Policy

The Pakistan Tehreek-e-Insaf (PTI)-led provincial government of Khyber Pakhtunkhwa on Monday launched ''Khyber Pakhtunkhwa Mineral Policy 2014'' - the first ever policy of its kind in the history of the country - to explore the untapped minerals in the pr
Published 08 Jul, 2014 12:00am
PTI-led KP government launches first-ever Mineral Policy

PTI-led KP government launches first-ever Mineral Policy

The Pakistan Tehreek-e-Insaf (PTI)-led provincial government of Khyber Pakhtunkhwa on Monday launched 'Khyber Pakhtunkhwa Mineral Policy 2014' - the first ever policy of its kind in the history of the country - to explore the untapped minerals in the prov
Published 08 Jul, 2014 12:00am
PTI-led KP government launches first-ever Mineral Policy

PTI-led KP government launches first-ever Mineral Policy

The Pakistan Tehreek-e-Insaf (PTI)-led provincial government of Khyber Pakhtunkhwa on Monday launched 'Khyber Pakhtunkhwa Mineral Policy 2014' - the first ever policy of its kind in the history of the country - to explore the untapped minerals in the prov
Published 08 Jul, 2014 12:00am
Aitchison College abolishes 'VVIP quota' system

Aitchison College abolishes 'VVIP quota' system

Aitchison College in Lahore, one of the most prestigious educational institutions of Pakistan, has abolished its long standing tradition of providing admissions to relatives of VVIPs through a quota system. Established in 1866, the college had a certain a
Published 08 Jul, 2014 12:00am
Aitchison College abolishes 'VVIP quota' system

Aitchison College abolishes 'VVIP quota' system

Aitchison College in Lahore, one of the most prestigious educational institutions of Pakistan, has abolished its long standing tradition of providing admissions to relatives of VVIPs through a quota system. Established in 1866, the college had a certain a
Published 08 Jul, 2014 12:00am
Public-sector appointments: Supreme Court raises question

Public-sector appointments: Supreme Court raises question

The Supreme Court on Monday raised a question about the fate of a common man if appointments in public sector are made with the blessing of influential people. A five-member larger bench headed by Justice Anwar Zaheer Jamali resumed the hearing of identic
Published 08 Jul, 2014 12:00am
Public-sector appointments: Supreme Court raises question

Public-sector appointments: Supreme Court raises question

The Supreme Court on Monday raised a question about the fate of a common man if appointments in public sector are made with the blessing of influential people. A five-member larger bench headed by Justice Anwar Zaheer Jamali resumed the hearing of identic
Published 08 Jul, 2014 12:00am
LSE index declines marginally by 3.55 points

LSE index declines marginally by 3.55 points

Equities on Monday moved both ways on the Lahore Stock Exchange and finally settled in negative zone amid improved trading turnover. The LSE-25 index was marginally declined by 3.55 points to close at 5583.14 against 5586.69 of last Friday while transacti
Published 08 Jul, 2014 12:00am
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