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Apr 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-01-01
Addiction to amnesty schemes!
Exchange

Addiction to amnesty schemes!

Since 1980s, amongst many segments of society, the one that really created hassle for the tax departments (both federal and provincial), is that of tax-defiant traders. Though their contribution in total tax revenue is negligible (0.5 percent in income ta
Published 01 Jan, 2016 12:00am
2015 in retrospect

2015 in retrospect

The support for the Operation Zarb-e-Azb, spanning all political parties as well as the general public, with the objective of militarily dealing with terrorists continued successfully in 2015 with a visible decline in the number of terror attacks in the c
Published 01 Jan, 2016 12:00am
Afghan peace process: first round of talks on January 16

Afghan peace process: first round of talks on January 16

The Federal Minister for Defence Khawaja Muhammad Asif on Thursday informed Senate that the first round of quadrilateral talks of Pakistan, Afghanistan, China, and the US on Afghan peace process will take place on January 16. Speaking in Senate on the rec
Published 01 Jan, 2016 12:00am
Afghan peace process: first round of talks on January 16

Afghan peace process: first round of talks on January 16

The Federal Minister for Defence Khawaja Muhammad Asif on Thursday informed Senate that the first round of quadrilateral talks of Pakistan, Afghanistan, China, and the US on Afghan peace process will take place on January 16. Speaking in Senate on the rec
Published 01 Jan, 2016 12:00am
Banking transactions: non-filers given another extension

Banking transactions: non-filers given another extension

A meeting of the Economic Co-ordination Committee (ECC) of the Cabinet approved another extension in 0.3 per cent withholding tax on banking transactions for non-filers till January 2016 and supply of 60 MMCFD RLNG gas to textile sector during winter. The
Published 01 Jan, 2016 12:00am
Banking transactions: non-filers given another extension

Banking transactions: non-filers given another extension

A meeting of the Economic Co-ordination Committee (ECC) of the Cabinet approved another extension in 0.3 per cent withholding tax on banking transactions for non-filers till January 2016 and supply of 60 MMCFD RLNG gas to textile sector during winter. The
Published 01 Jan, 2016 12:00am
Banking transactions: non-filers given another extension

Banking transactions: non-filers given another extension

A meeting of the Economic Co-ordination Committee (ECC) of the Cabinet approved another extension in 0.3 per cent withholding tax on banking transactions for non-filers till January 2016 and supply of 60 MMCFD RLNG gas to textile sector during winter. The
Published 01 Jan, 2016 12:00am
Banking transactions: non-filers given another extension

Banking transactions: non-filers given another extension

A meeting of the Economic Co-ordination Committee (ECC) of the Cabinet approved another extension in 0.3 per cent withholding tax on banking transactions for non-filers till January 2016 and supply of 60 MMCFD RLNG gas to textile sector during winter. The
Published 01 Jan, 2016 12:00am
Huge fire erupts at Dubai hotel

Huge fire erupts at Dubai hotel

A huge fire ripped through a luxury Dubai hotel on Thursday near the world's tallest tower Burj Khalifa, where people were gathering to watch New Year's Eve celebrations, police said. The Dubai government media office tweeted that a "fire has been reporte
Published 01 Jan, 2016 12:00am
KSA minister meets CoAS
Exchange

KSA minister meets CoAS

Muhammad Bin Abdullah Al-Ayish, Assistant Defence Minister for Military Affairs, Kingdom of Saudi Arabia visited General Headquarters on Thursday and called on Chief of Army Staff General Raheel Sharif. During the meeting, matters related to regional secu
Published 01 Jan, 2016 12:00am
KSA minister meets CoAS
Exchange

KSA minister meets CoAS

Muhammad Bin Abdullah Al-Ayish, Assistant Defence Minister for Military Affairs, Kingdom of Saudi Arabia visited General Headquarters on Thursday and called on Chief of Army Staff General Raheel Sharif. During the meeting, matters related to regional secu
Published 01 Jan, 2016 12:00am
Prime Minister launches National Health Programme

Prime Minister launches National Health Programme

Prime Minister Nawaz Sharif launched the National Health Programme here on Thursday to ensure free medical treatment for 1.2 million families, in first phase of the programme, living below the poverty line. The programme is being launched in 15 districts
Published 01 Jan, 2016 12:00am
Prime Minister launches National Health Programme

Prime Minister launches National Health Programme

Prime Minister Nawaz Sharif launched the National Health Programme here on Thursday to ensure free medical treatment for 1.2 million families, in first phase of the programme, living below the poverty line. The programme is being launched in 15 districts
Published 01 Jan, 2016 12:00am
Indo-Pak trade liberalisation: no breakthrough in sight

Indo-Pak trade liberalisation: no breakthrough in sight

The future of trade liberalisation between Pakistan and India is still bleak as Islamabad is describing Wagha transit facility as a "redline"" which cannot be crossed in the current geo-political circumstances, well informed sources told Business Recor
Published 01 Jan, 2016 12:00am
Indo-Pak trade liberalisation: no breakthrough in sight

Indo-Pak trade liberalisation: no breakthrough in sight

The future of trade liberalisation between Pakistan and India is still bleak as Islamabad is describing Wagha transit facility as a "redline"" which cannot be crossed in the current geo-political circumstances, well informed sources told Business Recor
Published 01 Jan, 2016 12:00am
Indo-Pak trade liberalisation: no breakthrough in sight

Indo-Pak trade liberalisation: no breakthrough in sight

The future of trade liberalisation between Pakistan and India is still bleak as Islamabad is describing Wagha transit facility as a "redline"" which cannot be crossed in the current geo-political circumstances, well informed sources told Business Recor
Published 01 Jan, 2016 12:00am
Blackberry says will continue operations in Pakistan

Blackberry says will continue operations in Pakistan

BlackBerry Ltd said it has decided to continue its operations in Pakistan as the government dropped a request for access to users'' data. The company, which has faced similar problems in the past in India, the United Arab Emirates, Saudi Arabia and Indone
Published 01 Jan, 2016 12:00am
Blackberry says will continue operations in Pakistan

Blackberry says will continue operations in Pakistan

BlackBerry Ltd said it has decided to continue its operations in Pakistan as the government dropped a request for access to users' data. The company, which has faced similar problems in the past in India, the United Arab Emirates, Saudi Arabia and Indones
Published 01 Jan, 2016 12:00am
Blackberry says will continue operations in Pakistan

Blackberry says will continue operations in Pakistan

BlackBerry Ltd said it has decided to continue its operations in Pakistan as the government dropped a request for access to users' data. The company, which has faced similar problems in the past in India, the United Arab Emirates, Saudi Arabia and Indones
Published 01 Jan, 2016 12:00am
Pakistan''s foreign exchange reserves cross $21 billion mark
Exchange

Pakistan''s foreign exchange reserves cross $21 billion mark

The country''s total liquid foreign exchange reserves stood at $21.074 billion at the end of last week. According to SBP, weekly foreign exchange reserve report issued on Thursday, during the week ending December 25, 2015, SBP''s liquid forex reserves inc
Published 01 Jan, 2016 12:00am
Pakistan's foreign exchange reserves cross $21 billion mark
Exchange

Pakistan's foreign exchange reserves cross $21 billion mark

The country's total liquid foreign exchange reserves stood at $21.074 billion at the end of last week. According to SBP, weekly foreign exchange reserve report issued on Thursday, during the week ending December 25, 2015, SBP's liquid forex reserves incre
Published 01 Jan, 2016 12:00am
Pakistan's foreign exchange reserves cross $21 billion mark
Exchange

Pakistan's foreign exchange reserves cross $21 billion mark

The country's total liquid foreign exchange reserves stood at $21.074 billion at the end of last week. According to SBP, weekly foreign exchange reserve report issued on Thursday, during the week ending December 25, 2015, SBP's liquid forex reserves incre
Published 01 Jan, 2016 12:00am
'Taliban leader gets treatment at SKMCH'

'Taliban leader gets treatment at SKMCH'

A senior leader of the Afghan Taliban militant movement was recently treated at the Shaukat Khanum Memorial Cancer Hospital in Lahore, Pakistan Tehreek-e-Insaf chairman Imran Khan said on Thursday. The PTI chairman made the confession in an interview with
Published 01 Jan, 2016 12:00am
The Weather

The Weather

The weather report on Thursday (December 31, 2015) and the forecast for Friday (January 01, 2016).

Published 01 Jan, 2016 12:00am
'Taliban leader gets treatment at SKMCH'

'Taliban leader gets treatment at SKMCH'

A senior leader of the Afghan Taliban militant movement was recently treated at the Shaukat Khanum Memorial Cancer Hospital in Lahore, Pakistan Tehreek-e-Insaf chairman Imran Khan said on Thursday. The PTI chairman made the confession in an interview with
Published 01 Jan, 2016 12:00am
Dar reviews monitoring report on 7th NFC award

Dar reviews monitoring report on 7th NFC award

The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired the meeting to review the 2nd Bi-annual monitoring Report on the implementation of the 7th NFC Award for the period from January-June 2015. Secretary Finance Dr Waqar Massod briefed the m
Published 01 Jan, 2016 12:00am
LSE index gains 34.13 points
Exchange

LSE index gains 34.13 points

Bearish sentiments dominated on the Lahore Stock Exchange on Thursday and the equities suffered losses amid descending transaction volume on account of lacking interest on the part of investors who remained on the sideline. However, the LSE-25 index gaine
Published 01 Jan, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (December 31, 2015).

Published 01 Jan, 2016 12:00am
LSE index gains 34.13 points
Exchange

LSE index gains 34.13 points

Bearish sentiments dominated on the Lahore Stock Exchange on Thursday and the equities suffered losses amid descending transaction volume on account of lacking interest on the part of investors who remained on the sideline. However, the LSE-25 index gaine
Published 01 Jan, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (December 31, 2015)

Published 01 Jan, 2016 12:00am
ISE index down 17.24 points
Exchange

ISE index down 17.24 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) on Thursday where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 17.24 points as the ISE Ten Index moved from 2,771.73
Published 01 Jan, 2016 12:00am
ISE index down 17.24 points
Exchange

ISE index down 17.24 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) on Thursday where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 17.24 points as the ISE Ten Index moved from 2,771.73
Published 01 Jan, 2016 12:00am
July-November services deficit plunges by 45 percent
Exchange

July-November services deficit plunges by 45 percent

Services balance posted a significant improvement during the initial months of the current fiscal year supported by arrival of Coalition Support Fund (CSF) inflows and lower import bill. Services trade deficit declined sharply by 45 percent during the fir
Published 01 Jan, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (December 31, 2015).

Published 01 Jan, 2016 12:00am
July-November services deficit plunges by 45 percent
Exchange

July-November services deficit plunges by 45 percent

Services balance posted a significant improvement during the initial months of the current fiscal year supported by arrival of Coalition Support Fund (CSF) inflows and lower import bill. Services trade deficit declined sharply by 45 percent during the fir
Published 01 Jan, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (December 31, 2015).

Published 01 Jan, 2016 12:00am
July-November services deficit plunges by 45 percent
Exchange

July-November services deficit plunges by 45 percent

Services balance posted a significant improvement during the initial months of the current fiscal year supported by arrival of Coalition Support Fund (CSF) inflows and lower import bill. Services trade deficit declined sharply by 45 percent during the fir
Published 01 Jan, 2016 12:00am
Rupee ends year on firm note
Currency

Rupee ends year on firm note

The rupee closed the last session of 2015, on firm note versus the dollar on the money market on Thursday in the process of trading, dealers said. The rupee managed to gain 14-paisa in terms of the dollar for buying and selling at Rs 104.73 and Rs 104.75
Published 01 Jan, 2016 12:00am
Rupee ends year on firm note
Currency

Rupee ends year on firm note

The rupee closed the last session of 2015, on firm note versus the dollar on the money market on Thursday in the process of trading, dealers said. The rupee managed to gain 14-paisa in terms of the dollar for buying and selling at Rs 104.73 and Rs 104.75
Published 01 Jan, 2016 12:00am
Global markets end 2015 with a whimper
Exchange

Global markets end 2015 with a whimper

World stock markets on Thursday ended 2015 with a whimper after sharp volatility sparked by China''s slowdown, eurozone stimulus, the Greek crisis, rising US rates and a commodities rout. "After a year that began so promisingly the markets are wrapping up
Published 01 Jan, 2016 12:00am
Global markets end 2015 with a whimper
Exchange

Global markets end 2015 with a whimper

World stock markets on Thursday ended 2015 with a whimper after sharp volatility sparked by China's slowdown, eurozone stimulus, the Greek crisis, rising US rates and a commodities rout. "After a year that began so promisingly the markets are wrapping up
Published 01 Jan, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (December 31, 2015).

Published 01 Jan, 2016 12:00am
Global markets end 2015 with a whimper
Exchange

Global markets end 2015 with a whimper

World stock markets on Thursday ended 2015 with a whimper after sharp volatility sparked by China's slowdown, eurozone stimulus, the Greek crisis, rising US rates and a commodities rout. "After a year that began so promisingly the markets are wrapping up
Published 01 Jan, 2016 12:00am
BRIndex30 up 40.17 points

BRIndex30 up 40.17 points

On Thursday, BRIndex30 opened at 19,944.77 points. It touched an intraday high of 20,069.66 points and an intraday low of 19,883.40 points and closed at 19,984.94 points which was 40.17 points or 0.2 percent higher than previous close. Total volume was 50
Published 01 Jan, 2016 12:00am
BRIndex30 up 40.17 points

BRIndex30 up 40.17 points

On Thursday, BRIndex30 opened at 19,944.77 points. It touched an intraday high of 20,069.66 points and an intraday low of 19,883.40 points and closed at 19,984.94 points which was 40.17 points or 0.2 percent higher than previous close. Total volume was 50
Published 01 Jan, 2016 12:00am
Stocks range-bound

Stocks range-bound

Karachi equities ended 2015 in the red with the KSE-100 index closing almost flat at 32,816.31 points Thursday. Amid a range-bound trading activity, the benchmark index shed nine points during the volatile session to have hit the intraday high and low of
Published 01 Jan, 2016 12:00am
Stocks range-bound

Stocks range-bound

Karachi equities ended 2015 in the red with the KSE-100 index closing almost flat at 32,816.31 points Thursday. Amid a range-bound trading activity, the benchmark index shed nine points during the volatile session to have hit the intraday high and low of
Published 01 Jan, 2016 12:00am
Stocks range-bound

Stocks range-bound

Karachi equities ended 2015 in the red with the KSE-100 index closing almost flat at 32,816.31 points Thursday. Amid a range-bound trading activity, the benchmark index shed nine points during the volatile session to have hit the intraday high and low of
Published 01 Jan, 2016 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Jan, 2016 12:00am
Pakistan won't tolerate, even 'shadow' of Daesh: FO

Pakistan won't tolerate, even 'shadow' of Daesh: FO

The Foreign Office Thursday insisted that Pakistan will not tolerate even a 'shadow' of Daesh over the country amid reports of a group of women and children from Lahore who had left for Syria and allegedly joined the terror network. During his weekly medi
Published 01 Jan, 2016 12:00am
Pakistan won't tolerate, even 'shadow' of Daesh: FO

Pakistan won't tolerate, even 'shadow' of Daesh: FO

The Foreign Office Thursday insisted that Pakistan will not tolerate even a 'shadow' of Daesh over the country amid reports of a group of women and children from Lahore who had left for Syria and allegedly joined the terror network. During his weekly medi
Published 01 Jan, 2016 12:00am
The year of less fear: peace restored to significant extent in 2015

The year of less fear: peace restored to significant extent in 2015

Security situation in Islamabad and other parts of Pakistan, particularly Karachi, was quite satisfactory in 2015. Only one terrorist incident happened in the federal capital on February 18 in which Qasar-e-Sakina Imambargah located at Expressway was targ
Published 01 Jan, 2016 12:00am
The year of less fear: peace restored to significant extent in 2015

The year of less fear: peace restored to significant extent in 2015

Security situation in Islamabad and other parts of Pakistan, particularly Karachi, was quite satisfactory in 2015. Only one terrorist incident happened in the federal capital on February 18 in which Qasar-e-Sakina Imambargah located at Expressway was targ
Published 01 Jan, 2016 12:00am
World welcomes New Year despite terror fears

World welcomes New Year despite terror fears

The world greeted 2016 with Champagne and cheers, but tightened security put a damper on the party in Europe and a spectacular fire at a hotel in Dubai scared gathering revellers. Fireworks were cancelled in Brussels and Paris as November's terror att
Published 01 Jan, 2016 12:00am
World welcomes New Year despite terror fears

World welcomes New Year despite terror fears

The world greeted 2016 with Champagne and cheers, but tightened security put a damper on the party in Europe and a spectacular fire at a hotel in Dubai scared gathering revellers. Fireworks were cancelled in Brussels and Paris as November's terror attacks
Published 01 Jan, 2016 12:00am
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