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Jun 08, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-02-25
Mobilink launches 'Facebook at Work'

Mobilink launches 'Facebook at Work'

In a move to increase efficiency and collaboration amongst employees spread across the country and ensure communication can become more efficient, Mobilink has become the first telco in the world to launch Facebook at Work, the business version of Faceboo
Published 25 Feb, 2016 12:00am
Etihad Airways receives Best Finance Transformation Award

Etihad Airways receives Best Finance Transformation Award

Etihad Airways has been presented with the Best Finance Transformation Award in 2015 by Innovation Enterprise, a leading US-based company specialising in enterprise innovation. The award was given to Etihad Airways, which triumphed over other leading comp
Published 25 Feb, 2016 12:00am
PTI leader for holding census

PTI leader for holding census

The Pakistan Tehreek-e-Insaf chairman's advisor has said it is impossible to identify people's problems and their rectification without holding census and vowed that her party will not let the governing party "escape from its duty of conducting over-due c
Published 25 Feb, 2016 12:00am
Punjab Forest Act 1927: WWF expresses grave concern over amendments

Punjab Forest Act 1927: WWF expresses grave concern over amendments

WWF-Pakistan while expressing grave concern on recently amended Punjab Forest Act 1927 has hoped that amendments in the Act will pave the way for the destruction of protected forest lands in Punjab, which will have an adverse effect on the biodiversity of
Published 25 Feb, 2016 12:00am
Hamza distributes rickshaws among 'deserving' people

Hamza distributes rickshaws among 'deserving' people

Central leader of PML-N and Member National Assembly Hamza Shahbaz has said that we should think about the future of the country instead of protecting our own politics. He expressed these views while addressing the function of free distribution of ricksha
Published 25 Feb, 2016 12:00am
LTV driving course: TEVTA to train 4,800 youth

LTV driving course: TEVTA to train 4,800 youth

The Technical Education and Vocational Training Authority says it will train free 4,800 youth in its three-month-demand driven light transport vehicle driving course this year. Chairperson Irfan Qaiser Sheikh addressing a meeting on Wednesday at his organ
Published 25 Feb, 2016 12:00am
Indian HC meets Prime Minister

Indian HC meets Prime Minister

Indian high commissioner, Gautam Bambawale called on Prime Minister Muhammad Nawaz Sharif at PM House here today. Prime Minister Nawaz Sharif extended a very warm welcome to the newly appointed Indian high commissioner and expressed confidence that Gautam
Published 25 Feb, 2016 12:00am
Donors briefed about PEF working

Donors briefed about PEF working

"The Punjab Education Foundation (PEF) has been working hard so that no deserving child is left without education and special attention is paid to the schooling of girls from low income families." This was stated by PEF Managing Director Tariq Mahmood whi
Published 25 Feb, 2016 12:00am
US CG lauds performance of Ari Roland Jazz Quartet
Exchange

US CG lauds performance of Ari Roland Jazz Quartet

US Consul General William Martin has lauded a performance by the Ari Roland Jazz Quartet in Islamabad for Peshawar's politicians, educators, business people, members of civil society, and alumni of US-Pakistan exchange programmes.
Published 25 Feb, 2016 12:00am
'SME Financing Help Desk' launched

'SME Financing Help Desk' launched

Small and Medium Enterprises Development Authority (Smeda) in collaboration with Bank Alfalah has launched "SME Financing Help Desk" to facilitate SMEs for easy access to finance. Chief Executive Officer Smeda, Muhammad Alamgir Chaudhry while speaking at
Published 25 Feb, 2016 12:00am
Siraj tables bill on 'total compliance' with constitution

Siraj tables bill on 'total compliance' with constitution

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq has moved a Bill in the Senate seeking an amendment in the constitution making it obligatory for the State and its institutions to implement the constitution and the law in totality and their true sp
Published 25 Feb, 2016 12:00am
KP Police confer gallantry awards on 21 officers, jawans

KP Police confer gallantry awards on 21 officers, jawans

A ceremony held at CPO Peshawar Wednesday in which the Inspector General of Police Khyber Pakhtunkhwa Nasir Khan Durrani conferred gallantry awards ie Qauid-e-Azam Police Medals and President's Police Medals to 21 police officers and jawan in recognition
Published 25 Feb, 2016 12:00am
ADB to shift 5,000 schools in Punjab to solar system

ADB to shift 5,000 schools in Punjab to solar system

Country Director Asian Development Bank Werner E. Liepach called on Punjab Chief Minister Muhammad Shahbaz Sharif, here Wednesday. Matters relating to irrigation, infrastructure, energy, and improvement of civic amenities, steps for protection from flood,
Published 25 Feb, 2016 12:00am
FIA arrests five commission agents

FIA arrests five commission agents

Federal Investigation Agency (FIA) has launched a crackdown against commission agents and arrested five of them for minting money. On Wednesday, FIA team raided the Passport Office in Gujrat and arrested Ashfaq Ahmed and Syed Ali Asim Shah. The team also
Published 25 Feb, 2016 12:00am
Three alleged RAW agents given into Rangers' custody

Three alleged RAW agents given into Rangers' custody

An antiterrorism court on Wednesday handed over three alleged Indian agents into the custody of Rangers under 90-day preventive detention. The accused, who were arrested by the paramilitary force the other day, were identified as Faheem, Riaz and Nasir.
Published 25 Feb, 2016 12:00am
UHS signs MoU with Kyrgyz university
Exchange

UHS signs MoU with Kyrgyz university

University of Health Sciences (UHS) Lahore signed an agreement with International University of Kyrgyzstan, Bishkek on mutual cooperation. UHS Vice Chancellor, Major General Professor Muhammad Aslam (Retd) and Chairman Board of Trustees International Univ
Published 25 Feb, 2016 12:00am
LSE delegation meets CM Punjab
Exchange

LSE delegation meets CM Punjab

A delegation headed by Director London School of Economics Craig Calhoun met Punjab Chief Minister Shahbaz Sharif, here on Wednesday. Matters relating to cooperation between Punjab government and London School of Economics in research sector were discusse
Published 25 Feb, 2016 12:00am
Bilawal likely to return this week

Bilawal likely to return this week

The Pakistan Peoples' Party Punjab leadership has said that Bilawal Bhutto Zardari may return to Pakistan this week. Party sources said the leader delayed his return to attend the final of the Pakistan Super League (PSL) in the United Arab Emirates.
Published 25 Feb, 2016 12:00am
Two burnt to death in tanker-trailer collision

Two burnt to death in tanker-trailer collision

As many as two people were burnt alive and one sustained injuries on Wednesday when an oil tanker and a trailer rammed into each other in Muzaffargarh. The accident occurred on MM Road where the oil tanker while crossing a tractor-trolley collided with a
Published 25 Feb, 2016 12:00am
PSX Board gets new directors
Exchange

PSX Board gets new directors

In accordance with the requirements of Companies Ordinance, 1984, the election of directors of Pakistan Stock Exchange (PSX) for the next three-year term was held here Wednesday. In the election, Muhammad Yasin Lakhani, Abid Ali Habib, Ahmed Chinoy and Ab
Published 25 Feb, 2016 12:00am
Cable TV operators: PRA likely to reduce ST at 2 percent on services

Cable TV operators: PRA likely to reduce ST at 2 percent on services

Punjab Revenue Authority (PRA) is considering reducing sales tax on cable television operators at a rate of two percent following a recommendation by the Pakistan Broadcasters Association. "A summary, with regard to applying the lower rates of the sales t
Published 25 Feb, 2016 12:00am
Cable TV operators: PRA likely to reduce ST at 2 percent on services

Cable TV operators: PRA likely to reduce ST at 2 percent on services

Punjab Revenue Authority (PRA) is considering reducing sales tax on cable television operators at a rate of two percent following a recommendation by the Pakistan Broadcasters Association. "A summary, with regard to applying the lower rates of the sales t
Published 25 Feb, 2016 12:00am
The Weather

The Weather

The weather report on Wednesday (February 24, 2016) and the forecast for Thursday (February 25, 2016).

Published 25 Feb, 2016 12:00am
Oil rallies after loading issues for UK crude, US gasoline demand

Oil rallies after loading issues for UK crude, US gasoline demand

Oil rallied as much as 3 percent on Wednesday with Brent prices helped by news of stalled loadings for the UK's North Sea oil while US crude futures rose after strong demand for gasoline offset worries about record high crude inventories.
Published 25 Feb, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (February 24, 2016).

Published 25 Feb, 2016 12:00am
US MIDDAY: wheat sets new 5-1/2-year low

US MIDDAY: wheat sets new 5-1/2-year low

US wheat futures fell for a fifth straight session on Wednesday to set a new 5-1/2-year low under pressure from large global supplies and sluggish demand. Corn and soyabeans each fell for a second day, pressured by the prospect of bumper crops in South Am
Published 25 Feb, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (February 24, 2016).

Published 25 Feb, 2016 12:00am
US MIDDAY: gold climbs
Currency

US MIDDAY: gold climbs

Gold rose above $1,250 an ounce and neared a one-year high on Wednesday, acting as counter against risk alongside top-rated government bonds as oil's earlier weakness rippled into global equity markets. Spot gold rose as much as 2.1 percent to a session h
Published 25 Feb, 2016 12:00am
The challenge of census

The challenge of census

This is apropos Business Recorder editorial "Hows and whys of population census" carried by the newspaper yesterday. The newspaper has argued, among other things that "suspicions among the parties are that the PML-N is reluctant to hold census in i
Published 25 Feb, 2016 12:00am
The CPEC opportunity

The CPEC opportunity

Taller than the tallest mountain and deeper than the deepest sea is how President Xi Jinping epitomised the friendship between China and Pakistan when he addressed Pakistan Parliament on May 20, 2015 during his first visit to what he described as a brothe
Published 25 Feb, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (February 24, 2016).

Published 25 Feb, 2016 12:00am
Rights of buyer in CIF contracts

Rights of buyer in CIF contracts

In one of the litigations on CIF contracts many issues arose and gave rise to divergent propositions raised by the contesting parties. The main problem revolved around the buyer's right to reject the documents or the goods in a cost insurance and freight
Published 25 Feb, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (February 24, 2016)

Published 25 Feb, 2016 12:00am
VIEW POINT: 'Least democratic' style of governance

VIEW POINT: 'Least democratic' style of governance

The findings of Pildat report on "Internal Democracy of Major Political Parties of Pakistan, 2015" though unsurprising should be a matter of shame for these parties' leaders ie, if they have the capacity to be ashamed and the interest to make amends. Amon
Published 25 Feb, 2016 12:00am
Getting serious about the Pathankot probe

Getting serious about the Pathankot probe

The Modi government seems to have decided to use the Pathankot airbase terrorist attack as an excuse to put the peace process on hold. While foreign secretaries talks, scheduled for January 15, remain postponed indefinitely, Indian ministers have been lay
Published 25 Feb, 2016 12:00am
'Thana culture' in NAB must end

'Thana culture' in NAB must end

The PML (N) government is under a lot of criticism from the opposition for issuing a threat of 'clipping the wings' to the National Accountability Bureau (NAB). Not only was it bad timing, it was also not an appropriate forum where the prime minister subj
Published 25 Feb, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 24, 2016).

Published 25 Feb, 2016 12:00am
10 percent RD on fine yarn to be removed: Dastgir
Cotton

10 percent RD on fine yarn to be removed: Dastgir

Commerce Minister Engineer Khurram Dastgir said on Wednesday that the government would remove 10 percent Regulatory Duties (RD) on fine yarn but RD on coarse yarn will remain intact. Talking to a group of reporters, he said All Pakistan Textile Mills Asso
Published 25 Feb, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 24, 2016).

Published 25 Feb, 2016 12:00am
10 percent RD on fine yarn to be removed: Dastgir
Cotton

10 percent RD on fine yarn to be removed: Dastgir

Commerce Minister Engineer Khurram Dastgir said on Wednesday that the government would remove 10 percent Regulatory Duties (RD) on fine yarn but RD on coarse yarn will remain intact. Talking to a group of reporters, he said All Pakistan Textile Mills Asso
Published 25 Feb, 2016 12:00am
10 percent RD on fine yarn to be removed: Dastgir
Cotton

10 percent RD on fine yarn to be removed: Dastgir

Commerce Minister Engineer Khurram Dastgir said on Wednesday that the government would remove 10 percent Regulatory Duties (RD) on fine yarn but RD on coarse yarn will remain intact. Talking to a group of reporters, he said All Pakistan Textile Mills Asso
Published 25 Feb, 2016 12:00am
10 percent RD on fine yarn to be removed: Dastgir
Cotton

10 percent RD on fine yarn to be removed: Dastgir

Commerce Minister Engineer Khurram Dastgir said on Wednesday that the government would remove 10 percent Regulatory Duties (RD) on fine yarn but RD on coarse yarn will remain intact. Talking to a group of reporters, he said All Pakistan Textile Mills Asso
Published 25 Feb, 2016 12:00am
THE RUPEE: rates firm
Currency

THE RUPEE: rates firm

The rupee managed to hold present levels against the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee picked up 12 paisas versus the dollar for buying and selling at Rs 104.67 and Rs 104.70 respectively, they said
Published 25 Feb, 2016 12:00am
THE RUPEE: rates firm
Currency

THE RUPEE: rates firm

The rupee managed to hold present levels against the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee picked up 12 paisas versus the dollar for buying and selling at Rs 104.67 and Rs 104.70 respectively, they said
Published 25 Feb, 2016 12:00am
DTRE scheme: exporters facing serious issues

DTRE scheme: exporters facing serious issues

Exporters have raised serious issues in Duties and Tax Remission for Export (DTRE) scheme whereby exporters engaged in exports through WeBOC (Web Based One Customs) clearance system are unable to trace the DTRE approval numbers on the face of Export Goods
Published 25 Feb, 2016 12:00am
DTRE scheme: exporters facing serious issues

DTRE scheme: exporters facing serious issues

Exporters have raised serious issues in Duties and Tax Remission for Export (DTRE) scheme whereby exporters engaged in exports through WeBOC (Web Based One Customs) clearance system are unable to trace the DTRE approval numbers on the face of Export Goods
Published 25 Feb, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (February 24, 2016).

Published 25 Feb, 2016 12:00am
DTRE scheme: exporters facing serious issues

DTRE scheme: exporters facing serious issues

Exporters have raised serious issues in Duties and Tax Remission for Export (DTRE) scheme whereby exporters engaged in exports through WeBOC (Web Based One Customs) clearance system are unable to trace the DTRE approval numbers on the face of Export Goods
Published 25 Feb, 2016 12:00am
DTRE scheme: exporters facing serious issues

DTRE scheme: exporters facing serious issues

Exporters have raised serious issues in Duties and Tax Remission for Export (DTRE) scheme whereby exporters engaged in exports through WeBOC (Web Based One Customs) clearance system are unable to trace the DTRE approval numbers on the face of Export Goods
Published 25 Feb, 2016 12:00am
Who owns Zardari's statement?

Who owns Zardari's statement?

Former President Asif Ali Zardari's statement has become a mystery. Pakistan People's Party (PPP) has decided to investigate it. PPP's Secretary Information Qamar Zaman Kaira said that the party was investigating its origin. Opposition leader Khursheed Sh
Published 25 Feb, 2016 12:00am
Who owns Zardari's statement?

Who owns Zardari's statement?

Former President Asif Ali Zardari's statement has become a mystery. Pakistan People's Party (PPP) has decided to investigate it. PPP's Secretary Information Qamar Zaman Kaira said that the party was investigating its origin. Opposition leader Khursheed Sh
Published 25 Feb, 2016 12:00am
Nepra to approve Rs 3.38 per unit refund

Nepra to approve Rs 3.38 per unit refund

National Electric Power Regulatory Authority (Nepra) is to approve refund of Rs 3.38 per unit for consumers of power Distribution Companies (Discos) for January 2016 under the monthly fuel price adjustment mechanism. Domestic consumers who use up to 300 u
Published 25 Feb, 2016 12:00am
Nepra to approve Rs 3.38 per unit refund

Nepra to approve Rs 3.38 per unit refund

National Electric Power Regulatory Authority (Nepra) is to approve refund of Rs 3.38 per unit for consumers of power Distribution Companies (Discos) for January 2016 under the monthly fuel price adjustment mechanism. Domestic consumers who use up to 300 u
Published 25 Feb, 2016 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 Feb, 2016 12:00am
Nepra to approve Rs 3.38 per unit refund

Nepra to approve Rs 3.38 per unit refund

National Electric Power Regulatory Authority (Nepra) is to approve refund of Rs 3.38 per unit for consumers of power Distribution Companies (Discos) for January 2016 under the monthly fuel price adjustment mechanism. Domestic consumers who use up to 300 u
Published 25 Feb, 2016 12:00am
Nepal plane crashes, killing all 23 on board

Nepal plane crashes, killing all 23 on board

Rescuers have found the burnt-out wreckage of a passenger plane that crashed into a mountainside in Nepal on Wednesday, killing all 23 people on board, officials said. The Twin Otter turboprop aircraft lost contact with air traffic control eight minutes a
Published 25 Feb, 2016 12:00am
Nepal plane crashes, killing all 23 on board

Nepal plane crashes, killing all 23 on board

Rescuers have found the burnt-out wreckage of a passenger plane that crashed into a mountainside in Nepal on Wednesday, killing all 23 people on board, officials said. The Twin Otter turboprop aircraft lost contact with air traffic control eight minutes a
Published 25 Feb, 2016 12:00am
Punjab Assembly passes Protection of Women against Violence Bill

Punjab Assembly passes Protection of Women against Violence Bill

Punjab Assembly here Wednesday passed three bills: 'The Punjab Forest (Amendment) Bill 2015,'The Punjab Procurement Regulatory Authority (Amendment) Bill 2015 and 'The Punjab Protection of Women Against Violence Bill 2015. The Punjab Protection of Women A
Published 25 Feb, 2016 12:00am
Punjab Assembly passes Protection of Women against Violence Bill

Punjab Assembly passes Protection of Women against Violence Bill

Punjab Assembly here Wednesday passed three bills: 'The Punjab Forest (Amendment) Bill 2015,'The Punjab Procurement Regulatory Authority (Amendment) Bill 2015 and 'The Punjab Protection of Women Against Violence Bill 2015. The Punjab Protection of Women A
Published 25 Feb, 2016 12:00am
India approves $150 million credit line for Chabahar port

India approves $150 million credit line for Chabahar port

India on Wednesday approved a $150 million credit line for the development of Iran's Chabahar port, the government said in a statement. The port in south-east Iran is central to New Delhi's efforts to circumvent arch-rival Pakistan and open up a route to
Published 25 Feb, 2016 12:00am
Global Fund to provide $255 million to fight AIDS, Malaria, Tuberculosis

Global Fund to provide $255 million to fight AIDS, Malaria, Tuberculosis

Global Fund singed an agreement on Wednesday with Pakistan to provide financial assistance of $255 million to fight diseases of AIDS, Tuberculosis (TB) and Malaria in the country. The agreement was signed by Tariq Bajwa, Secretary Economic Affairs Divisio
Published 25 Feb, 2016 12:00am
Dogar's plea: SC reserves judgement

Dogar's plea: SC reserves judgement

Reserving it judgement on former Chief Justice of Pakistan Abdul Hameed Dogar' appeal on Wednesday, the Supreme Court observed that justice would be dispensed in the matter without taking note of Pervez Musharraf act towards senior judiciary members durin
Published 25 Feb, 2016 12:00am
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