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Sep 21, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-08-17
Rice exporters reject hike in transportation charges

Rice exporters reject hike in transportation charges

Rice exporters have expressed concern on sudden increase in the transportation charges by the transporters. They shared their concern at a meeting hurriedly-called by Rice Exporters Association of Pakistan's senior vice chairman Rafique Suleman on Thursda
Published 17 Aug, 2018 12:00am
Petition against formation of government in Sindh by PPP dismissed

Petition against formation of government in Sindh by PPP dismissed

Sindh High Court (SHC) on Thursday dismissed a petition against formation of government and cabinet in Sindh after declaring it non-maintainable. SHC bench headed by Justice Muhammad Ali Mazhar taking up the petition observed that how the court could rest
Published 17 Aug, 2018 12:00am
Chinese PM to contact Imran on August 20: envoy

Chinese PM to contact Imran on August 20: envoy

Chinese Ambassador to Pakistan Yao Jing on Thursday said that Chinese Prime Minister Li Keqiang would personally telephone the prime minister-designate Imran Khan on August 20 to congratulate him. The envoy stated this while talking to PTI Vice Chairman S
Published 17 Aug, 2018 12:00am
SC seeks details of facilities at KP's government hospitals

SC seeks details of facilities at KP's government hospitals

The Supreme Court Thursday directed the Khyber Pakhtunkhwa government to submit the details of facilities being provided to public hospitals in the province. Chief Justice Mian Saqib Nisar, heading a three-judge bench, was hearing a suo motu case related
Published 17 Aug, 2018 12:00am
Zardari felicitates Murad Ali Shah

Zardari felicitates Murad Ali Shah

Former President Asif Ali Zardari has felicitated Syed Murad Ali Shah for being elected as chief minister Sindh and hoped that Sindh will prosper under his leadership.
Published 17 Aug, 2018 12:00am
Over 79 die in recent monsoon rains: NDMA

Over 79 die in recent monsoon rains: NDMA

Over 79 people, including 23 children and 13 women, died in recent spate of monsoon started from June 20, according to the National Disaster Management Authority (NDMA) data released here on Thursday. The data covers the tally from June 20, 2018 to August
Published 17 Aug, 2018 12:00am
PML-N all set to replace PPP's leader of opposition in Senate

PML-N all set to replace PPP's leader of opposition in Senate

Pakistan Muslim League-Nawaz (PML-N) is all set to replace Pakistan Peoples Party's (PPP) Leader of the Opposition in Senate Sherry Rehman after the party refused to extend support to its nominee Shahbaz Sharif who is contesting election against Imran Kha
Published 17 Aug, 2018 12:00am
Iranian speaker felicitates NA speaker

Iranian speaker felicitates NA speaker

The Speaker Islamic Consultative Assembly of Iran, Ali Larijani telephoned the newly elected Speaker National Assembly, Asad Qaiser on Thursday and congratulated him on his election as Speaker National Assembly of Pakistan.
Published 17 Aug, 2018 12:00am
Shujaat appears before NAB

Shujaat appears before NAB

Pakistan Muslim League-Quaid (PML-Q) leader Chaudhry Shujaat Hussain Thursday appeared before the National Accountability Bureau (NAB) in a case related to assets and wealth beyond means. Shujaat reached regional office of NAB at about 11am and remained t
Published 17 Aug, 2018 12:00am
Bizenjo elected Balochistan Assembly speaker

Bizenjo elected Balochistan Assembly speaker

Leader Balochistan Awami Party (BAP) Mir Abdul Quddus Bizenjo has been elected Speaker Balochistan Assembly on Thursday. Mir Abdul Quddus Bizenjo bagged 39 votes against Muhammad Nawaz, who secured only 20 votes. Muhammad Nawaz was jointly fielded by Mutt
Published 17 Aug, 2018 12:00am
CoAS okays death sentence of 15 hardcore terrorists

CoAS okays death sentence of 15 hardcore terrorists

Chief of Army Staff (CoAS) General Qamar Javed Bajwa on Thursday confirmed death sentences to 15 hardcore terrorists, who were involved in heinous offences related to terrorism. According to a press release issued here by Inter Services Public Relations,
Published 17 Aug, 2018 12:00am
UAE envoy calls on NA speaker

UAE envoy calls on NA speaker

Speaker National Assembly Asad Qaiser has said that Pakistan attaches high value to its exceptional relations with UAE and wishes to further take them to new heights. Qaiser said this while talking to Hamad Obaid Ibrahim Salem Al-Zaabi, Ambassador of Unit
Published 17 Aug, 2018 12:00am
Zardari most shrewd politician?

Zardari most shrewd politician?

This is apropos a Business Recorder news analysis, "Zardari running with the hare and hunting with the hounds?" carried by the newspaper yesterday. The writer seems to have alluded to the fissures that have emerged in the joint Opposition on the oc
Published 17 Aug, 2018 12:00am
Tide about to turn for markets as easy-money decade ends
Currency

Tide about to turn for markets as easy-money decade ends

Swept along by super-easy money, investors have debated for years how world markets will react when this central bank largesse inevitably ends. Now the liquidity tide is about to turn, and they have only a few months to adjust.
Published 17 Aug, 2018 12:00am
Accountability begins at home

Accountability begins at home

A government in a democracy being accountable to the people, the elected representatives are accountable to the people who elect them. Our enduring constant crisis in governance stems from our inept and corrupt rulers trampling the essential pillars of go
Published 17 Aug, 2018 12:00am
'PTI govt' & tax reforms

'PTI govt' & tax reforms

The newly-formed coalition government of Tehreek-i-Insaf (PTI) has to address daunting challenges on many fronts, e.g. achieving political stability by working with strong Opposition, uprooting terrorism, improving law and order situation, countering extr
Published 17 Aug, 2018 12:00am
Taliban show of strength

Taliban show of strength

While the siege of Ghazni continues amidst heavy fighting in eastern Afghanistan since August 9, 2018, the Taliban have used the stretched deployment of the Afghan military and security forces and US air support in defence of the strategic city on the mai
Published 17 Aug, 2018 12:00am
Country in quest of energy minister

Country in quest of energy minister

Imran Khan, Prime Minister-designate, has publicly confirmed only one member of his cabinet - Asad Umar to head the Ministry of Finance and thus intense speculation continues about who would get which portfolio in the federal cabinet. Rumour has it that t
Published 17 Aug, 2018 12:00am
Keita re-elected Mali president with landslide

Keita re-elected Mali president with landslide

Malian President Ibrahim Boubacar Keita has been re-elected for a five-year term after winning a landslide in a runoff ballot, according to official figures Thursday. The elections have been closely watched abroad, as Mali is a linchpin state in the jihad
Published 17 Aug, 2018 12:00am
Keita re-elected Mali president with landslide

Keita re-elected Mali president with landslide

Malian President Ibrahim Boubacar Keita has been re-elected for a five-year term after winning a landslide in a runoff ballot, according to official figures Thursday. The elections have been closely watched abroad, as Mali is a linchpin state in the jihad
Published 17 Aug, 2018 12:00am
FT chief returns part of salary after staff anger

FT chief returns part of salary after staff anger

The chief executive of the Financial Times, John Ridding, is to return some of his pay from last year following staff criticism, the business daily reported on Thursday. In a note to employees, he said he would return a 2017 pay increase which took his to
Published 17 Aug, 2018 12:00am
FT chief returns part of salary after staff anger

FT chief returns part of salary after staff anger

The chief executive of the Financial Times, John Ridding, is to return some of his pay from last year following staff criticism, the business daily reported on Thursday. In a note to employees, he said he would return a 2017 pay increase which took his to
Published 17 Aug, 2018 12:00am
'Queen of Soul' Aretha Franklin dies

'Queen of Soul' Aretha Franklin dies

Aretha Franklin, the music icon, legendary singer and "Queen of Soul" loved by millions whose history-making career spanned six decades, died on Thursday, her longtime publicist announced. She was 76. She influenced generations of female singers with unfo
Published 17 Aug, 2018 12:00am
'Queen of Soul' Aretha Franklin dies

'Queen of Soul' Aretha Franklin dies

Aretha Franklin, the music icon, legendary singer and "Queen of Soul" loved by millions whose history-making career spanned six decades, died on Thursday, her longtime publicist announced. She was 76. She influenced generations of female singers with unfo
Published 17 Aug, 2018 12:00am
Forex reserves slip below $17 billion

Forex reserves slip below $17 billion

The country''s total liquid foreign exchange reserves slipped below $17 billion. According to State Bank of Pakistan (SBP) weekly report issued Thursday, the country''s total liquid forex reserves declined by $292 million to $16.713 billion as on August 1
Published 17 Aug, 2018 12:00am
Forex reserves slip below $17 billion

Forex reserves slip below $17 billion

The country's total liquid foreign exchange reserves slipped below $17 billion. According to State Bank of Pakistan (SBP) weekly report issued Thursday, the country's total liquid forex reserves declined by $292 million to $16.713 billion as on August 10,
Published 17 Aug, 2018 12:00am
Forex reserves slip below $17 billion

Forex reserves slip below $17 billion

The country's total liquid foreign exchange reserves slipped below $17 billion. According to State Bank of Pakistan (SBP) weekly report issued Thursday, the country's total liquid forex reserves declined by $292 million to $16.713 billion as on August 10,
Published 17 Aug, 2018 12:00am
CJP clarification

CJP clarification

Chief Justice Mian Saqib Nisar clarified on Thursday that he a day earlier referred to constitution of joint investigation team (JIT) for Dawn Leaks by former Interior Minister Chaudhry Nisar and it was not meant for the Panama Leaks JIT. Heading a three-
Published 17 Aug, 2018 12:00am
CJP clarification

CJP clarification

Chief Justice Mian Saqib Nisar clarified on Thursday that he a day earlier referred to constitution of joint investigation team (JIT) for Dawn Leaks by former Interior Minister Chaudhry Nisar and it was not meant for the Panama Leaks JIT. Heading a three-
Published 17 Aug, 2018 12:00am
Ghazni fighting: FO dismisses Afghan allegations

Ghazni fighting: FO dismisses Afghan allegations

Foreign Office on Thursday dismissed allegations levelled by Afghan officials as "baseless" that elements from Pakistan were involved in the recent fighting between Taliban and Afghan forces in Ghazni city. Responding to the media queries during his weekl
Published 17 Aug, 2018 12:00am
Ghazni fighting: FO dismisses Afghan allegations

Ghazni fighting: FO dismisses Afghan allegations

Foreign Office on Thursday dismissed allegations levelled by Afghan officials as "baseless" that elements from Pakistan were involved in the recent fighting between Taliban and Afghan forces in Ghazni city. Responding to the media queries during his weekl
Published 17 Aug, 2018 12:00am
Argentina's Macri demands end to 'mafia' business behaviour

Argentina's Macri demands end to 'mafia' business behaviour

Argentina president Mauricio Macri called for an "end to mafia behavior" during a meeting with powerful business leaders on Thursday, amongst whom included several whose companies are implicated in the country's high-profile, multimillion-dollar "notebook
Published 17 Aug, 2018 12:00am
Argentina's Macri demands end to 'mafia' business behaviour

Argentina's Macri demands end to 'mafia' business behaviour

Argentina president Mauricio Macri called for an "end to mafia behavior" during a meeting with powerful business leaders on Thursday, amongst whom included several whose companies are implicated in the country's high-profile, multimillion-dollar "notebook
Published 17 Aug, 2018 12:00am
Newspapers across US rebuke Trump for attacks on press

Newspapers across US rebuke Trump for attacks on press

Hundreds of US newspapers on Thursday launched a coordinated defense of press freedom and a rebuke of President Donald Trump for denouncing some media organizations as enemies of the American people. "A central pillar of President Trump's politics is a su
Published 17 Aug, 2018 12:00am
Newspapers across US rebuke Trump for attacks on press

Newspapers across US rebuke Trump for attacks on press

Hundreds of US newspapers on Thursday launched a coordinated defense of press freedom and a rebuke of President Donald Trump for denouncing some media organizations as enemies of the American people. "A central pillar of President Trump's politics is a su
Published 17 Aug, 2018 12:00am
Power sector receivables soar to Rs 896.36 billion

Power sector receivables soar to Rs 896.36 billion

The power sector''s receivables rose by 23 percent to Rs 896.36 billion from Rs 729.88 billion during 2017-18, a key reason for the continuous hike in circular debt and borrowing from commercial banks by slapping surcharges on consumers, well informed sou
Published 17 Aug, 2018 12:00am
Power sector receivables soar to Rs 896.36 billion

Power sector receivables soar to Rs 896.36 billion

The power sector's receivables rose by 23 percent to Rs 896.36 billion from Rs 729.88 billion during 2017-18, a key reason for the continuous hike in circular debt and borrowing from commercial banks by slapping surcharges on consumers, well informed sour
Published 17 Aug, 2018 12:00am
Power sector receivables soar to Rs 896.36 billion

Power sector receivables soar to Rs 896.36 billion

The power sector's receivables rose by 23 percent to Rs 896.36 billion from Rs 729.88 billion during 2017-18, a key reason for the continuous hike in circular debt and borrowing from commercial banks by slapping surcharges on consumers, well informed sour
Published 17 Aug, 2018 12:00am
Bank holidays

Bank holidays

The State Bank of Pakistan (SBP) and all banks will remain closed from 21st to 23rd August, 2018 (Tuesday, Wednesday and Thursday) on the occasion of Eid-ul-Azha.
Published 17 Aug, 2018 12:00am
Bank holidays

Bank holidays

The State Bank of Pakistan (SBP) and all banks will remain closed from 21st to 23rd August, 2018 (Tuesday, Wednesday and Thursday) on the occasion of Eid-ul-Azha.
Published 17 Aug, 2018 12:00am
The Weather

The Weather

The weather report on Thursday (August 16, 2018) and the forecast for Friday (August 17, 2018).

Published 17 Aug, 2018 12:00am
Bank holidays

Bank holidays

The State Bank of Pakistan (SBP) and all banks will remain closed from 21st to 23rd August, 2018 (Tuesday, Wednesday and Thursday) on the occasion of Eid-ul-Azha.
Published 17 Aug, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (August 16, 2018).

Published 17 Aug, 2018 12:00am
Petition against Imran: Division bench dissolved again

Petition against Imran: Division bench dissolved again

Islamabad High Court's division bench constituted for hearing application to bar Chairman Pakistan Tehreek-e-Insaf Imran Khan from taking oath of prime minister dissolved again on Thursday. Justice Amir Farooq of single bench of the IHC on August 8 last r
Published 17 Aug, 2018 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 17 Aug, 2018 12:00am
Petition against Imran: Division bench dissolved again

Petition against Imran: Division bench dissolved again

Islamabad High Court's division bench constituted for hearing application to bar Chairman Pakistan Tehreek-e-Insaf Imran Khan from taking oath of prime minister dissolved again on Thursday. Justice Amir Farooq of single bench of the IHC on August 8 last r
Published 17 Aug, 2018 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 17 Aug, 2018 12:00am
Presidential election on September 4

Presidential election on September 4

The Election Commission of Pakistan (ECP) Thursday issued a schedule for presidential election and announced September 4 as the polling day. Incumbent President Mamnoon Hussain's five-year term is set to expire on September 9. According to the Constitutio
Published 17 Aug, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (August 16, 2018).

Published 17 Aug, 2018 12:00am
Presidential election on September 4

Presidential election on September 4

The Election Commission of Pakistan (ECP) Thursday issued a schedule for presidential election and announced September 4 as the polling day. Incumbent President Mamnoon Hussain's five-year term is set to expire on September 9. According to the Constitutio
Published 17 Aug, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (August 16, 2018)

Published 17 Aug, 2018 12:00am
Ease of Doing Business Index: Pakistan goes down to 147th rank

Ease of Doing Business Index: Pakistan goes down to 147th rank

Pakistan''s ranking in the Ease of Doing Business Index has consistently gone down from 105th in 2012 to 128th in 2015 and stands at 147th in 2018 among 190 countries. The government has put into implementation a countrywide Ease of Doing Business Reform
Published 17 Aug, 2018 12:00am
Ease of Doing Business Index: Pakistan goes down to 147th rank

Ease of Doing Business Index: Pakistan goes down to 147th rank

Pakistan's ranking in the Ease of Doing Business Index has consistently gone down from 105th in 2012 to 128th in 2015 and stands at 147th in 2018 among 190 countries. The government has put into implementation a countrywide Ease of Doing Business Reform S
Published 17 Aug, 2018 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (August 16, 2018).

Published 17 Aug, 2018 12:00am
Ease of Doing Business Index: Pakistan goes down to 147th rank

Ease of Doing Business Index: Pakistan goes down to 147th rank

Pakistan's ranking in the Ease of Doing Business Index has consistently gone down from 105th in 2012 to 128th in 2015 and stands at 147th in 2018 among 190 countries. The government has put into implementation a countrywide Ease of Doing Business Reform S
Published 17 Aug, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 16, 2018).

Published 17 Aug, 2018 12:00am
PTI government faces tough economic task: Fitch

PTI government faces tough economic task: Fitch

Pakistan''''s incoming Pakistan Tehreek-e-Insaf (PTI)-led coalition government will be under pressure to arrest the deterioration in external finances and address fiscal challenges, besides facing difficulties in attracting the external funding necessary
Published 17 Aug, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 16, 2018).

Published 17 Aug, 2018 12:00am
PTI government faces tough economic task: Fitch

PTI government faces tough economic task: Fitch

Pakistan''s incoming Pakistan Tehreek-e-Insaf (PTI)-led coalition government will be under pressure to arrest the deterioration in external finances and address fiscal challenges, besides facing difficulties in attracting the external funding necessary to
Published 17 Aug, 2018 12:00am
PTI government faces tough economic task: Fitch

PTI government faces tough economic task: Fitch

Pakistan's incoming Pakistan Tehreek-e-Insaf (PTI)-led coalition government will be under pressure to arrest the deterioration in external finances and address fiscal challenges, besides facing difficulties in attracting the external funding necessary to
Published 17 Aug, 2018 12:00am
PTI government faces tough economic task: Fitch

PTI government faces tough economic task: Fitch

Pakistan's incoming Pakistan Tehreek-e-Insaf (PTI)-led coalition government will be under pressure to arrest the deterioration in external finances and address fiscal challenges, besides facing difficulties in attracting the external funding necessary to
Published 17 Aug, 2018 12:00am
THE RUPEE: rising trend
Currency

THE RUPEE: rising trend

The rupee extended overnight gains in terms of the dollar on Thursday in the process of trading activity, dealers said. The rupee picked up around 23 paisas in relation to the US currency for buying and selling at Rs 123.50 and Rs 123.55 respectively, the
Published 17 Aug, 2018 12:00am
BRIndex100 maintains downtrend

BRIndex100 maintains downtrend

A bearish trend continued on Pakistan Stock Exchange due to selling in almost all sectors by local and foreign investors. BRIndex100 lost 63.51 points or 1.39 percent to close at 4,518.77 points on Thursday. BRIndex100 touched intraday high of 4,584.85 an
Published 17 Aug, 2018 12:00am
THE RUPEE: rising trend
Currency

THE RUPEE: rising trend

The rupee extended overnight gains in terms of the dollar on Thursday in the process of trading activity, dealers said. The rupee picked up around 23 paisas in relation to the US currency for buying and selling at Rs 123.50 and Rs 123.55 respectively, the
Published 17 Aug, 2018 12:00am
BRIndex100 maintains downtrend

BRIndex100 maintains downtrend

A bearish trend continued on Pakistan Stock Exchange due to selling in almost all sectors by local and foreign investors. BRIndex100 lost 63.51 points or 1.39 percent to close at 4,518.77 points on Thursday. BRIndex100 touched intraday high of 4,584.85 an
Published 17 Aug, 2018 12:00am
BRIndex100 maintains downtrend

BRIndex100 maintains downtrend

A bearish trend continued on Pakistan Stock Exchange due to selling in almost all sectors by local and foreign investors. BRIndex100 lost 63.51 points or 1.39 percent to close at 4,518.77 points on Thursday. BRIndex100 touched intraday high of 4,584.85 an
Published 17 Aug, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (August 16, 2018).

Published 17 Aug, 2018 12:00am
Murad retains Sindh CM's office

Murad retains Sindh CM's office

PPP's top contender, Syed Murad Ali Shah on Thursday overwhelmingly succeeded to retain the chief minister's office for the next five years, vowing to continue the Benazir Income Support Programme for the poor in the province. Murad, secured 97 votes defe
Published 17 Aug, 2018 12:00am
Murad retains Sindh CM's office

Murad retains Sindh CM's office

PPP's top contender, Syed Murad Ali Shah on Thursday overwhelmingly succeeded to retain the chief minister's office for the next five years, vowing to continue the Benazir Income Support Programme for the poor in the province. Murad, secured 97 votes defe
Published 17 Aug, 2018 12:00am
Elahi elected Speaker of Punjab Assembly

Elahi elected Speaker of Punjab Assembly

The joint candidate of PTI-led alliance Chaudhry Pervez Elahi was on Thursday elected Speaker of the Punjab Assembly after securing 201 votes - both from treasury and opposition benches. Elahi's rival, PML-N's Chaudhry Iqbal obtained 147 votes. One vote w
Published 17 Aug, 2018 12:00am
Elahi elected Speaker of Punjab Assembly

Elahi elected Speaker of Punjab Assembly

The joint candidate of PTI-led alliance Chaudhry Pervez Elahi was on Thursday elected Speaker of the Punjab Assembly after securing 201 votes - both from treasury and opposition benches. Elahi's rival, PML-N's Chaudhry Iqbal obtained 147 votes. One vote w
Published 17 Aug, 2018 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 17 Aug, 2018 12:00am
PTI's Mahmood elected KP CM

PTI's Mahmood elected KP CM

The Khyber Pakhtunkhwa (KP) Assembly Thursday elected PTI's candidate Mahmood Khan as 22nd Chief Minister (CM) of the province. The proceedings of the provincial assembly began with Speaker, Mushtaq Ahmad Ghani, in the chair. However, due to the absence o
Published 17 Aug, 2018 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Pakistan Stock Exchange.

Published 17 Aug, 2018 12:00am
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