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Apr 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-08-27
Divided Europe faces mounting migrant crisis

Divided Europe faces mounting migrant crisis

Faced with its worst migrant crisis since World War II, Europe has many sensible options to deal with people fleeing conflict in Syria and elsewhere - but can't agree on any of them. The situation has accelerated over the summer with a new stream of migra
Published 27 Aug, 2015 12:00am
THE RUPEE: modest recovery
Currency

THE RUPEE: modest recovery

The rupee started recovering against the dollar on the money market on Wednesday in the process of trading, dealers said.
Published 27 Aug, 2015 12:00am
VIEW POINT: ECP in the dock

VIEW POINT: ECP in the dock

Losing its second most important wicket - that of National Assembly Speaker Ayaz Sadiq - to PTI's Kaptaan himself, the Nawaz League does not seem to know how to handle the NA-122 election tribunal verdict. At first, the party said despite some reservation
Published 27 Aug, 2015 12:00am
THE RUPEE: modest recovery
Currency

THE RUPEE: modest recovery

The rupee started recovering against the dollar on the money market on Wednesday in the process of trading, dealers said.
Published 27 Aug, 2015 12:00am
The endgame scenario

The endgame scenario

Having fled military Operation Zarb-e-Azb the militants, both local and foreigner, took refuge in the high altitude Shawal Valley of North Waziristan. Thick forest, treacherous terrain and deep ravines it has everything they needed to remain in business o
Published 27 Aug, 2015 12:00am
Gas theft

Gas theft

Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbassi while briefing the National Assembly Standing Committee made an extremely disturbing observation: since 2011 the locals of district Kohat and Karak (Khyber Pakhtunkhwa) have been s
Published 27 Aug, 2015 12:00am
Deadly clashes hit Modi's home state

Deadly clashes hit Modi's home state

At least six people have died in the worst violence to hit Narendra Modi's home state in more than a decade, police said Wednesday, as the Indian prime minister appealed for calm. Authorities in western Gujarat state said the army had been deployed to try
Published 27 Aug, 2015 12:00am
Deadly clashes hit Modi's home state

Deadly clashes hit Modi's home state

At least six people have died in the worst violence to hit Narendra Modi's home state in more than a decade, police said Wednesday, as the Indian prime minister appealed for calm. Authorities in western Gujarat state said the army had been deployed to try
Published 27 Aug, 2015 12:00am
Government decides to revise convention of double taxation

Government decides to revise convention of double taxation

Pakistan has decided to revise obsolete convention of double taxation and provision of fiscal evasion convention with the United State of America (USA) aimed at bringing the treaty at par with neighbouring countries, well informed sources told Business
Published 27 Aug, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (August 26, 2015).

Published 27 Aug, 2015 12:00am
Government decides to revise convention of double taxation

Government decides to revise convention of double taxation

Pakistan has decided to revise obsolete convention of double taxation and provision of fiscal evasion convention with the United State of America (USA) aimed at bringing the treaty at par with neighbouring countries, well informed sources told Business
Published 27 Aug, 2015 12:00am
Government decides to revise convention of double taxation

Government decides to revise convention of double taxation

Pakistan has decided to revise obsolete convention of double taxation and provision of fiscal evasion convention with the United State of America (USA) aimed at bringing the treaty at par with neighbouring countries, well informed sources told Business
Published 27 Aug, 2015 12:00am
Mark Siegel: ATC issues notice to ministry

Mark Siegel: ATC issues notice to ministry

An anti terrorism court (ATC) of Rawalpindi on Wednesday issued show cause notice to the ministry of foreign affairs for its failure to ensure that Mark Siegel records his statement in the Benazir Bhutto murder case. Siegel, an important witness against G
Published 27 Aug, 2015 12:00am
Mark Siegel: ATC issues notice to ministry

Mark Siegel: ATC issues notice to ministry

An anti terrorism court (ATC) of Rawalpindi on Wednesday issued show cause notice to the ministry of foreign affairs for its failure to ensure that Mark Siegel records his statement in the Benazir Bhutto murder case. Siegel, an important witness against G
Published 27 Aug, 2015 12:00am
Two US journalists killed during live TV broadcast

Two US journalists killed during live TV broadcast

Two journalists for a local CBS affiliate in Virginia were shot dead Wednesday during a live broadcast, with chilling television footage capturing a fuzzy image of the gunman, who was still at large. WDBJ reporter Alison Parker, 24, and cameraman Adam War
Published 27 Aug, 2015 12:00am
Two US journalists killed during live TV broadcast

Two US journalists killed during live TV broadcast

Two journalists for a local CBS affiliate in Virginia were shot dead Wednesday during a live broadcast, with chilling television footage capturing a fuzzy image of the gunman, who was still at large. WDBJ reporter Alison Parker, 24, and cameraman Adam War
Published 27 Aug, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Aug, 2015 12:00am
India buys Pakistan oil

India buys Pakistan oil

India''s oil imports in July rose nearly 12 percent from a year earlier to about 4.12 million barrels per day (bpd), with the country shipping in its first cargo of oil of Pakistan origin, tanker arrival data obtained from sources and compiled by Thomson
Published 27 Aug, 2015 12:00am
India buys Pakistan oil

India buys Pakistan oil

India's oil imports in July rose nearly 12 percent from a year earlier to about 4.12 million barrels per day (bpd), with the country shipping in its first cargo of oil of Pakistan origin, tanker arrival data obtained from sources and compiled by Thomson R
Published 27 Aug, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 27 Aug, 2015 12:00am
India buys Pakistan oil

India buys Pakistan oil

India's oil imports in July rose nearly 12 percent from a year earlier to about 4.12 million barrels per day (bpd), with the country shipping in its first cargo of oil of Pakistan origin, tanker arrival data obtained from sources and compiled by Thomson R
Published 27 Aug, 2015 12:00am
Altaf summoned: UK starts money laundering trial?

Altaf summoned: UK starts money laundering trial?

The proceedings of a highly anticipated money laundering case kicked off here in London with a magistrate issuing summons for Muttahida Qaumi Movement (MQM) chief Altaf Hussain along with other suspects. Hussain, was arrested in April on suspicion of mone
Published 27 Aug, 2015 12:00am
Altaf summoned: UK starts money laundering trial?

Altaf summoned: UK starts money laundering trial?

The proceedings of a highly anticipated money laundering case kicked off here in London with a magistrate issuing summons for Muttahida Qaumi Movement (MQM) chief Altaf Hussain along with other suspects. Hussain, was arrested in April on suspicion of mone
Published 27 Aug, 2015 12:00am
Pension system: NBP began automation in 2012: President

Pension system: NBP began automation in 2012: President

President National Bank of Pakistan (NBP) Syed Ahmed Iqbal Ashraf informed the Public Accounts Committee (PAC) that the words "ghost pensioners" being used in media reports were incorrect and that those were never mentioned by NBP officials. The meeting o
Published 27 Aug, 2015 12:00am
Pension system: NBP began automation in 2012: President

Pension system: NBP began automation in 2012: President

President National Bank of Pakistan (NBP) Syed Ahmed Iqbal Ashraf informed the Public Accounts Committee (PAC) that the words "ghost pensioners" being used in media reports were incorrect and that those were never mentioned by NBP officials. The meeting o
Published 27 Aug, 2015 12:00am
Pension system: NBP began automation in 2012: President

Pension system: NBP began automation in 2012: President

President National Bank of Pakistan (NBP) Syed Ahmed Iqbal Ashraf informed the Public Accounts Committee (PAC) that the words "ghost pensioners" being used in media reports were incorrect and that those were never mentioned by NBP officials. The meeting o
Published 27 Aug, 2015 12:00am
LG polls in Sindh, Punjab: ECP announces first phase schedule

LG polls in Sindh, Punjab: ECP announces first phase schedule

The Election Commission of Pakistan (ECP) announced on Wednesday to hold the first phase of long-delayed local government (LG) polls in Sindh and Punjab on October 31. Announcing the schedule for the LG polls, ECP said that in the first phase elections wi
Published 27 Aug, 2015 12:00am
LG polls in Sindh, Punjab: ECP announces first phase schedule

LG polls in Sindh, Punjab: ECP announces first phase schedule

The Election Commission of Pakistan (ECP) announced on Wednesday to hold the first phase of long-delayed local government (LG) polls in Sindh and Punjab on October 31. Announcing the schedule for the LG polls, ECP said that in the first phase elections wi
Published 27 Aug, 2015 12:00am
Two Nato soldiers killed in Afghan 'insider attack'

Two Nato soldiers killed in Afghan 'insider attack'

Men wearing Afghan military uniforms shot dead two Nato soldiers in the country's south Wednesday, the coalition said, the first insider attack on foreign troops since the Taliban's bitter power transition. No group has so far claimed responsibility for W
Published 27 Aug, 2015 12:00am
Two Nato soldiers killed in Afghan 'insider attack'

Two Nato soldiers killed in Afghan 'insider attack'

Men wearing Afghan military uniforms shot dead two Nato soldiers in the country's south Wednesday, the coalition said, the first insider attack on foreign troops since the Taliban's bitter power transition. No group has so far claimed responsibility for W
Published 27 Aug, 2015 12:00am
Brahamdagh willing to renounce demand of 'independent' Balochistan

Brahamdagh willing to renounce demand of 'independent' Balochistan

Founder of Baloch Republic Party Brahamdagh Bugti on Wednesday said he is ready to renounce demand of independent Balochistan and said he is willing to talk in order to sort out the issues, according to a private TV channel. Talking to a British media out
Published 27 Aug, 2015 12:00am
Brahamdagh willing to renounce demand of 'independent' Balochistan

Brahamdagh willing to renounce demand of 'independent' Balochistan

Founder of Baloch Republic Party Brahamdagh Bugti on Wednesday said he is ready to renounce demand of independent Balochistan and said he is willing to talk in order to sort out the issues, according to a private TV channel. Talking to a British media out
Published 27 Aug, 2015 12:00am
Second round of MQM-government talks postponed

Second round of MQM-government talks postponed

The second round of negotiations between government and Muttahida Qaumi Movement (MQM) that was due to held in Punjab House Islamabad yesterday (Wednesday) has been deferred. Finance Minister Ishaq Dar in a TV interview confirmed that the talks have been
Published 27 Aug, 2015 12:00am
Second round of MQM-government talks postponed

Second round of MQM-government talks postponed

The second round of negotiations between government and Muttahida Qaumi Movement (MQM) that was due to held in Punjab House Islamabad yesterday (Wednesday) has been deferred. Finance Minister Ishaq Dar in a TV interview confirmed that the talks have been
Published 27 Aug, 2015 12:00am
Economy facing revenue generation crisis: report

Economy facing revenue generation crisis: report

Despite recent optimism surrounding Pakistan''''s economy, the country is facing an "existential crisis" stemming from its woeful tax collection rates and inability to finance itself, a report said Wednesday. Pakistan''''s economy grew at 4.24 percent dur
Published 27 Aug, 2015 12:00am
Economy facing revenue generation crisis: report

Economy facing revenue generation crisis: report

Despite recent optimism surrounding Pakistan''s economy, the country is facing an "existential crisis" stemming from its woeful tax collection rates and inability to finance itself, a report said Wednesday. Pakistan''s economy grew at 4.24 percent during
Published 27 Aug, 2015 12:00am
Economy facing revenue generation crisis: report

Economy facing revenue generation crisis: report

Despite recent optimism surrounding Pakistan's economy, the country is facing an "existential crisis" stemming from its woeful tax collection rates and inability to finance itself, a report said Wednesday. Pakistan's economy grew at 4.24 percent during th
Published 27 Aug, 2015 12:00am
Economy facing revenue generation crisis: report

Economy facing revenue generation crisis: report

Despite recent optimism surrounding Pakistan's economy, the country is facing an "existential crisis" stemming from its woeful tax collection rates and inability to finance itself, a report said Wednesday. Pakistan's economy grew at 4.24 percent during th
Published 27 Aug, 2015 12:00am
First-ever water management policy on the cards

First-ever water management policy on the cards

Minister for Water and Power, Khawaja Asif has said that the government is in the process of formulating its first-ever water management policy in the country and the Parliament is deliberating upon its various aspects. Pakistan is the only country in the
Published 27 Aug, 2015 12:00am
First-ever water management policy on the cards

First-ever water management policy on the cards

Minister for Water and Power, Khawaja Asif has said that the government is in the process of formulating its first-ever water management policy in the country and the Parliament is deliberating upon its various aspects. Pakistan is the only country in the
Published 27 Aug, 2015 12:00am
First-ever water management policy on the cards

First-ever water management policy on the cards

Minister for Water and Power, Khawaja Asif has said that the government is in the process of formulating its first-ever water management policy in the country and the Parliament is deliberating upon its various aspects. Pakistan is the only country in the
Published 27 Aug, 2015 12:00am
China police summon 11 over stock market activities

China police summon 11 over stock market activities

Chinese police have summoned 11 people including a financial journalist to assist investigations related to illegal stock market activities, state media reported, as the government targets volatility on the exchanges. The Chinese government launched an un
Published 27 Aug, 2015 12:00am
LSE index loses 41.52 points

LSE index loses 41.52 points

Equities on Wednesday moved both ways on the Lahore Stock Exchange and finally settled in green zone amid slightly decreased trading turnover. The LSE-25 index lost 41.52 points to 5796.10 against 5837.62 of Tuesday while transaction volume squeezed to 1.
Published 27 Aug, 2015 12:00am
LSE index loses 41.52 points

LSE index loses 41.52 points

Equities on Wednesday moved both ways on the Lahore Stock Exchange and finally settled in green zone amid slightly decreased trading turnover. The LSE-25 index lost 41.52 points to 5796.10 against 5837.62 of Tuesday while transaction volume squeezed to 1.
Published 27 Aug, 2015 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (August 26, 2015).

Published 27 Aug, 2015 12:00am
NA-122 and NA-154: PML-N may prefer by-election

NA-122 and NA-154: PML-N may prefer by-election

Pakistan Muslim League (N) may prefer by-election over challenging election tribunal decisions regarding NA-122 and NA-154 in the Supreme Court, media reports reveal. Prime Minister Nawaz Sharif has reportedly held a meeting with senior party leaders Wedn
Published 27 Aug, 2015 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (August 26, 2015).

Published 27 Aug, 2015 12:00am
India Hindu population drops below 80 percent as Muslim ratio rises

India Hindu population drops below 80 percent as Muslim ratio rises

India's Hindus have dropped below 80 percent of the population for the first time since independence and media had speculated the previous government deliberately delayed the release of the data because it showed a rise in the Muslim population. Members o
Published 27 Aug, 2015 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (August 26, 2015).

Published 27 Aug, 2015 12:00am
India Hindu population drops below 80 percent as Muslim ratio rises

India Hindu population drops below 80 percent as Muslim ratio rises

India's Hindus have dropped below 80 percent of the population for the first time since independence and media had speculated the previous government deliberately delayed the release of the data because it showed a rise in the Muslim population. Members o
Published 27 Aug, 2015 12:00am
BRIndex30 falls 345.78 points

BRIndex30 falls 345.78 points

On Wednesday, BRIndex30 opened at 21,178.72 points. It touched an intraday high of 21,357.04 and an intraday low of 20,785.87 and closed at 20,832.94 which was -345.78 points or -1.63 percent lower than previous close. Total volume was 142,348,700, which
Published 27 Aug, 2015 12:00am
BRIndex30 falls 345.78 points

BRIndex30 falls 345.78 points

On Wednesday, BRIndex30 opened at 21,178.72 points. It touched an intraday high of 21,357.04 and an intraday low of 20,785.87 and closed at 20,832.94 which was -345.78 points or -1.63 percent lower than previous close. Total volume was 142,348,700, which
Published 27 Aug, 2015 12:00am
Index fails to sustain gains

Index fails to sustain gains

Tuesday''s recovery on the Karachi share market proved short-lived as the KSE-100 index plunged by 261 points or 0.77 percent Wednesday on fears of foreign selling. The benchmark index closed at 33,537.42 points compared to 33,798.80 Tuesday. "Stocks clos
Published 27 Aug, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (August 26, 2015).

Published 27 Aug, 2015 12:00am
Index fails to sustain gains

Index fails to sustain gains

Tuesday's recovery on the Karachi share market proved short-lived as the KSE-100 index plunged by 261 points or 0.77 percent Wednesday on fears of foreign selling. The benchmark index closed at 33,537.42 points compared to 33,798.80 Tuesday. "Stocks close
Published 27 Aug, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (August 26, 2015).

Published 27 Aug, 2015 12:00am
Index fails to sustain gains

Index fails to sustain gains

Tuesday's recovery on the Karachi share market proved short-lived as the KSE-100 index plunged by 261 points or 0.77 percent Wednesday on fears of foreign selling. The benchmark index closed at 33,537.42 points compared to 33,798.80 Tuesday. "Stocks close
Published 27 Aug, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (August 26, 2015).

Published 27 Aug, 2015 12:00am
Stock markets diverge, crude falls
Currency

Stock markets diverge, crude falls

Wall Street was sharply higher on Wednesday while European shares and commodities prices fell as investors balanced strong US economic data and interest rate comments with fears about China''s slowing economy. The benchmark S&P 500 was up 2.6 percent in a
Published 27 Aug, 2015 12:00am
Stock markets diverge, crude falls
Currency

Stock markets diverge, crude falls

Wall Street was sharply higher on Wednesday while European shares and commodities prices fell as investors balanced strong US economic data and interest rate comments with fears about China's slowing economy. The benchmark S&P 500 was up 2.6 percent in af
Published 27 Aug, 2015 12:00am
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