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Apr 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-06-01
Overhauled Boeing777 inducted into PIA fleet

Overhauled Boeing777 inducted into PIA fleet

Pakistan International Airlines (PIA) has inducted another Boeing777 aircraft in its fleet, which has been grounded for almost 18 months. According to details, a Boeing777 bearing registration number BHV which was completely neglected and considered aband
Published 01 Jun, 2019 12:00am
What is in store?

What is in store?

What is in store? According to a Business Recorder news item, a month after a massive increase in POL prices, the Oil and Gas Regulatory Authority (Ogra) has computed up to Rs 8.99 in prices of petroleum products for June. The recommendation of oil
Published 01 Jun, 2019 12:00am
Burning tyres: the murky oil business polluting parts of Asia

Burning tyres: the murky oil business polluting parts of Asia

When local investigators scoured a riverbed in southern Malaysia for clues in a chemical dumping case that hospitalised over one thousand people earlier this year, they found a cocktail of toxins, including a colourless liquid commonly secreted when tyres
Published 01 Jun, 2019 12:00am
The plan

The plan

"The 36-month programme under the IMF's Extended Fund Facility aims at bringing down inflation and reducing the fiscal deficit to more sustainable levels. The programme also includes measures to help achieve higher and more inclusive growth." IMF Survey 4
Published 01 Jun, 2019 12:00am
IMF programme: The challenges ahead
Exchange

IMF programme: The challenges ahead

By the end of 1990 in the run-up to the Gulf War, the situation became so serious in India that the country's foreign exchange reserves could barely finance three weeks' worth of imports while the government came close to defaulting on its financial oblig
Published 01 Jun, 2019 12:00am
The HIV challenge

The HIV challenge

Fear and anger pervade rural areas in and around Larkana where the spread of HIV/AIDS has assumed epidemic proportions. In an appalling incident on Wednesday, a man in Gharo Rind village strangled his HIV positive wife to death and hanged her body on a tr
Updated 01 Jun, 2019 06:16am
Foreign exchange companies' concerns
Exchange

Foreign exchange companies' concerns

Foreign exchange companies have almost become a permanent feature of the foreign exchange market in Pakistan. It is believed that they perform a useful function by facilitating the sale and purchase of foreign currencies among citizens residing in the cou
Updated 01 Jun, 2019 06:16am
ACE arrests Aftab Fatiana

ACE arrests Aftab Fatiana

The Anti-Corruption Establishment (ACE) on Friday arrested Aftab Fatiana brother of PTI's MNA Riaz Ahmad Fatiana from the Lahore High Court after dismissal of his bail petition in a fraud case. The ACE had lodged a case against Aftab Fatiana and others on
Published 01 Jun, 2019 12:00am
ACE arrests Aftab Fatiana

ACE arrests Aftab Fatiana

The Anti-Corruption Establishment (ACE) on Friday arrested Aftab Fatiana brother of PTI's MNA Riaz Ahmad Fatiana from the Lahore High Court after dismissal of his bail petition in a fraud case. The ACE had lodged a case against Aftab Fatiana and others on
Published 01 Jun, 2019 12:00am
Imran meets Ghani on fringes of OIC summit
Exchange

Imran meets Ghani on fringes of OIC summit

Prime Minister Imran Khan held a bilateral meeting with President of Afghanistan Dr Ashraf Ghani on the sidelines of the 14th Islamic Summit in Makkah-Al-Makarramah Friday. Both leaders exchanged views on bilateral relations and Afghan peace & reconciliat
Published 01 Jun, 2019 12:00am
Imran meets Ghani on fringes of OIC summit
Exchange

Imran meets Ghani on fringes of OIC summit

Prime Minister Imran Khan held a bilateral meeting with President of Afghanistan Dr Ashraf Ghani on the sidelines of the 14th Islamic Summit in Makkah-Al-Makarramah Friday. Both leaders exchanged views on bilateral relations and Afghan peace & reconciliat
Published 01 Jun, 2019 12:00am
US pulls tax exemption from Pakistani diplomats

US pulls tax exemption from Pakistani diplomats

The United States said Friday that it had suspended tax exemption privileges enjoyed by Pakistani diplomats in Washington due to parallel disputes with Islamabad in the latest dust-up between the countries. Under the 1961 Vienna Convention, diplomats arou
Published 01 Jun, 2019 12:00am
US pulls tax exemption from Pakistani diplomats

US pulls tax exemption from Pakistani diplomats

The United States said Friday that it had suspended tax exemption privileges enjoyed by Pakistani diplomats in Washington due to parallel disputes with Islamabad in the latest dust-up between the countries. Under the 1961 Vienna Convention, diplomats arou
Published 01 Jun, 2019 12:00am
US pulls tax exemption from Pakistani diplomats

US pulls tax exemption from Pakistani diplomats

The United States said Friday that it had suspended tax exemption privileges enjoyed by Pakistani diplomats in Washington due to parallel disputes with Islamabad in the latest dust-up between the countries. Under the 1961 Vienna Convention, diplomats arou
Published 01 Jun, 2019 12:00am
FRC puts off decision on urea prices till budget

FRC puts off decision on urea prices till budget

The Fertilizer Review Committee (FRC) Friday decided to defer any decision with respect to urea prices till the announcement of federal budget 2019-20, as the government intends to take revenue enhancement measures which may hit fertilizer industry, well-
Published 01 Jun, 2019 12:00am
FRC puts off decision on urea prices till budget

FRC puts off decision on urea prices till budget

The Fertilizer Review Committee (FRC) Friday decided to defer any decision with respect to urea prices till the announcement of federal budget 2019-20, as the government intends to take revenue enhancement measures which may hit fertilizer industry, well-
Published 01 Jun, 2019 12:00am
FRC puts off decision on urea prices till budget

FRC puts off decision on urea prices till budget

The Fertilizer Review Committee (FRC) Friday decided to defer any decision with respect to urea prices till the announcement of federal budget 2019-20, as the government intends to take revenue enhancement measures which may hit fertilizer industry, well-
Published 01 Jun, 2019 12:00am
Awan says government releasing Rs 190 million to media houses

Awan says government releasing Rs 190 million to media houses

Special Assistant to the Prime Minister on Information and broadcasting, Dr Firdous Ashiq Awan Friday said that government will announce advertisement policy in the next few weeks after consultation with all the stakeholders.
Published 01 Jun, 2019 12:00am
Awan says government releasing Rs 190 million to media houses

Awan says government releasing Rs 190 million to media houses

Special Assistant to the Prime Minister on Information and broadcasting, Dr Firdous Ashiq Awan Friday said that government will announce advertisement policy in the next few weeks after consultation with all the stakeholders.
Published 01 Jun, 2019 12:00am
CCI forms special committee to resolve NHP issues

CCI forms special committee to resolve NHP issues

A special committee has been constituted by Council of Common Interests (CCI) to discuss, review and determine the issue of Net Hydel Profits (NHP) among the key stakeholders pledged to complete the task before the commence of the next CCI meeting and wil
Published 01 Jun, 2019 12:00am
CCI forms special committee to resolve NHP issues

CCI forms special committee to resolve NHP issues

A special committee has been constituted by Council of Common Interests (CCI) to discuss, review and determine the issue of Net Hydel Profits (NHP) among the key stakeholders pledged to complete the task before the commence of the next CCI meeting and wil
Published 01 Jun, 2019 12:00am
CCI forms special committee to resolve NHP issues

CCI forms special committee to resolve NHP issues

A special committee has been constituted by Council of Common Interests (CCI) to discuss, review and determine the issue of Net Hydel Profits (NHP) among the key stakeholders pledged to complete the task before the commence of the next CCI meeting and wil
Published 01 Jun, 2019 12:00am
Three fighters martyred in IoK

Three fighters martyred in IoK

Three freedom fighters were killed in a gunbattle with security forces in Indian occupied Kashmir on Friday amid widespread protests across the divided Himalayan region, police said. Police said all the dead from the shootout in Shopian district were free
Published 01 Jun, 2019 12:00am
Three fighters martyred in IoK

Three fighters martyred in IoK

Three freedom fighters were killed in a gunbattle with security forces in Indian occupied Kashmir on Friday amid widespread protests across the divided Himalayan region, police said. Police said all the dead from the shootout in Shopian district were free
Published 01 Jun, 2019 12:00am
Meeting on PSM revival held

Meeting on PSM revival held

Adviser to the Prime Minister on Commerce, Textile, Industry & Production and Investment, Abdul Razak Dawood on Friday chaired a meeting on the revival of Pakistan Steel Mills (PSM). Representatives of Mercury Group (Tyazhpromexport), REP Holding Russia,
Published 01 Jun, 2019 12:00am
Meeting on PSM revival held

Meeting on PSM revival held

Adviser to the Prime Minister on Commerce, Textile, Industry & Production and Investment, Abdul Razak Dawood on Friday chaired a meeting on the revival of Pakistan Steel Mills (PSM). Representatives of Mercury Group (Tyazhpromexport), REP Holding Russia,
Published 01 Jun, 2019 12:00am
Meeting on PSM revival held

Meeting on PSM revival held

Adviser to the Prime Minister on Commerce, Textile, Industry & Production and Investment, Abdul Razak Dawood on Friday chaired a meeting on the revival of Pakistan Steel Mills (PSM). Representatives of Mercury Group (Tyazhpromexport), REP Holding Russia,
Published 01 Jun, 2019 12:00am
NASA plans to send equipment to Moon from 2020

NASA plans to send equipment to Moon from 2020

For the first time since the 1970s, the United States is planning to send equipment to the surface of the Moon in 2020 and 2021, in anticipation of a crewed lunar mission in 2024, NASA said Friday. The US space agency has chosen American firms Astrobotic,
Published 01 Jun, 2019 12:00am
FBR chief informs PM about flaws in taxation system

FBR chief informs PM about flaws in taxation system

Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has informed Prime Minister Imran Khan that serious flaws in the taxation policy have resulted in substantial accumulation of untaxed wealth. In this regard, the FBR has communicated points to the Prim
Published 01 Jun, 2019 12:00am
FBR chief informs PM about flaws in taxation system

FBR chief informs PM about flaws in taxation system

Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has informed Prime Minister Imran Khan that serious flaws in the taxation policy have resulted in substantial accumulation of untaxed wealth. In this regard, the FBR has communicated points to the Prim
Published 01 Jun, 2019 12:00am
FBR chief informs PM about flaws in taxation system

FBR chief informs PM about flaws in taxation system

Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has informed Prime Minister Imran Khan that serious flaws in the taxation policy have resulted in substantial accumulation of untaxed wealth. In this regard, the FBR has communicated points to the Prim
Published 01 Jun, 2019 12:00am
Sales tax refunds: Rs 7 billion bonds issued to 90 claimants

Sales tax refunds: Rs 7 billion bonds issued to 90 claimants

Adviser to the Prime Minister on Finance, Dr Abdul Hafeez Shaikh Friday transmitted the advice for issuance of bonds of Rs 7 billion in lieu of sales tax refund to 90 claimants. The bonds have been issued to claimants who had opened their account with CDC
Published 01 Jun, 2019 12:00am
Sales tax refunds: Rs 7 billion bonds issued to 90 claimants

Sales tax refunds: Rs 7 billion bonds issued to 90 claimants

Adviser to the Prime Minister on Finance, Dr Abdul Hafeez Shaikh Friday transmitted the advice for issuance of bonds of Rs 7 billion in lieu of sales tax refund to 90 claimants. The bonds have been issued to claimants who had opened their account with CDC
Published 01 Jun, 2019 12:00am
Sales tax refunds: Rs 7 billion bonds issued to 90 claimants

Sales tax refunds: Rs 7 billion bonds issued to 90 claimants

Adviser to the Prime Minister on Finance, Dr Abdul Hafeez Shaikh Friday transmitted the advice for issuance of bonds of Rs 7 billion in lieu of sales tax refund to 90 claimants. The bonds have been issued to claimants who had opened their account with CDC
Published 01 Jun, 2019 12:00am
SBP issues updated guidelines on compliance of UNSC resolutions

SBP issues updated guidelines on compliance of UNSC resolutions

The State Bank of Pakistan (SBP) on Friday issued updated Guidelines on Compliance of United Nations Security Council (UNSC) resolutions relate to Anti Money Laundering and Combating the Financing of Terrorism (AML/CFT) and asked banks/ DFIs and MFBs for
Published 01 Jun, 2019 12:00am
SBP issues updated guidelines on compliance of UNSC resolutions

SBP issues updated guidelines on compliance of UNSC resolutions

The State Bank of Pakistan (SBP) on Friday issued updated Guidelines on Compliance of United Nations Security Council (UNSC) resolutions relate to Anti Money Laundering and Combating the Financing of Terrorism (AML/CFT) and asked banks/ DFIs and MFBs for
Published 01 Jun, 2019 12:00am
SBP issues updated guidelines on compliance of UNSC resolutions

SBP issues updated guidelines on compliance of UNSC resolutions

The State Bank of Pakistan (SBP) on Friday issued updated Guidelines on Compliance of United Nations Security Council (UNSC) resolutions relate to Anti Money Laundering and Combating the Financing of Terrorism (AML/CFT) and asked banks/ DFIs and MFBs for
Published 01 Jun, 2019 12:00am
Arrest warrants for Zardari approved by NAB chief

Arrest warrants for Zardari approved by NAB chief

The National Accountability Bureau (NAB) has decided to arrest former president and Pakistan People's Party (PPP) Co-Chairman Asif Ali Zardari in a mega money laundering case. Sources said that Chairman NAB former Justice Javed Iqbal approved issuance of
Published 01 Jun, 2019 12:00am
Arrest warrants for Zardari approved by NAB chief

Arrest warrants for Zardari approved by NAB chief

The National Accountability Bureau (NAB) has decided to arrest former president and Pakistan People's Party (PPP) Co-Chairman Asif Ali Zardari in a mega money laundering case. Sources said that Chairman NAB former Justice Javed Iqbal approved issuance of
Published 01 Jun, 2019 12:00am
Government seeks to amend AML law
Exchange

Government seeks to amend AML law

The government has proposed amendment to the Anti Money Laundering (AML) Act 2010 to make the money laundering a cognizable and non-bailable offense to curb the practice of Hawala/Hundi and other forms of illegal foreign exchange transactions. This was st
Published 01 Jun, 2019 12:00am
Government seeks to amend AML law
Exchange

Government seeks to amend AML law

The government has proposed amendment to the Anti Money Laundering (AML) Act 2010 to make the money laundering a cognizable and non-bailable offense to curb the practice of Hawala/Hundi and other forms of illegal foreign exchange transactions. This was st
Published 01 Jun, 2019 12:00am
Prices of POL products increased

Prices of POL products increased

Federal government has allowed a substantial increase in the prices of petroleum products for the month of June. In an upward revision, the price of Motor Spirit (MS) increased by Rs 4.26 per litre. The price of High Speed Diesel (HSD) increased by Rs 4.5
Published 01 Jun, 2019 12:00am
Prices of POL products increased

Prices of POL products increased

Federal government has allowed a substantial increase in the prices of petroleum products for the month of June. In an upward revision, the price of Motor Spirit (MS) increased by Rs 4.26 per litre. The price of High Speed Diesel (HSD) increased by Rs 4.5
Published 01 Jun, 2019 12:00am
Prices of POL products increased

Prices of POL products increased

Federal government has allowed a substantial increase in the prices of petroleum products for the month of June. In an upward revision, the price of Motor Spirit (MS) increased by Rs 4.26 per litre. The price of High Speed Diesel (HSD) increased by Rs 4.5
Published 01 Jun, 2019 12:00am
July-May: there is Rs 425 billion shortfall in collection

July-May: there is Rs 425 billion shortfall in collection

The Federal Board of Revenue (FBR) has provisionally collected Rs 3333 billion during July-May (2018-19) against the assigned target of Rs 3,758 billion, reflecting a shortfall of Rs 425 billion. The FBR has provisionally collected Rs 340 billion during M
Published 01 Jun, 2019 12:00am
July-May: there is Rs 425 billion shortfall in collection

July-May: there is Rs 425 billion shortfall in collection

The Federal Board of Revenue (FBR) has provisionally collected Rs 3333 billion during July-May (2018-19) against the assigned target of Rs 3,758 billion, reflecting a shortfall of Rs 425 billion. The FBR has provisionally collected Rs 340 billion during M
Published 01 Jun, 2019 12:00am
July-May: there is Rs 425 billion shortfall in collection

July-May: there is Rs 425 billion shortfall in collection

The Federal Board of Revenue (FBR) has provisionally collected Rs 3333 billion during July-May (2018-19) against the assigned target of Rs 3,758 billion, reflecting a shortfall of Rs 425 billion. The FBR has provisionally collected Rs 340 billion during M
Published 01 Jun, 2019 12:00am
Farogh Naseem says he has no role

Farogh Naseem says he has no role

Law Minister Barrister Dr Muhammad Farogh Naseem has no role in initiating references against the judges of the superior courts, as he believes in upholding rule of law and will continue to do so. "It is factually incorrect and a figment of imagination of
Published 01 Jun, 2019 12:00am
Farogh Naseem says he has no role

Farogh Naseem says he has no role

Law Minister Barrister Dr Muhammad Farogh Naseem has no role in initiating references against the judges of the superior courts, as he believes in upholding rule of law and will continue to do so. "It is factually incorrect and a figment of imagination of
Published 01 Jun, 2019 12:00am
Senate supports judges

Senate supports judges

The Senate on Friday condemned the references filed by the government against the 'upright' and 'independent' judges of superior judiciary before the Supreme Judicial Council amid a rumpus in the House. In a bad day for Pakistan Tehreek-e-Insaf (PTI) led
Published 01 Jun, 2019 12:00am
Senate supports judges

Senate supports judges

The Senate on Friday condemned the references filed by the government against the 'upright' and 'independent' judges of superior judiciary before the Supreme Judicial Council amid a rumpus in the House. In a bad day for Pakistan Tehreek-e-Insaf (PTI) led
Published 01 Jun, 2019 12:00am
The Weather

The Weather

The weather report on Friday (May 31, 2019) and the forecast for Saturday (June 01, 2019).

Published 01 Jun, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (May 31, 2019).

Published 01 Jun, 2019 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (May 31, 2019)

Published 01 Jun, 2019 12:00am
THE RUPEE: upward trend
Exchange

THE RUPEE: upward trend

The rupee showed further gains against the dollar on the money market on Friday in the process of trading activity, dealers said.
Published 01 Jun, 2019 12:00am
THE RUPEE: upward trend
Exchange

THE RUPEE: upward trend

The rupee showed further gains against the dollar on the money market on Friday in the process of trading activity, dealers said.
Published 01 Jun, 2019 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (May 31, 2019).

Published 01 Jun, 2019 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (May 31, 2019).
Published 01 Jun, 2019 12:00am
Currency notes: exchange rates
Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (May 31, 2019).

Published 01 Jun, 2019 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 01 Jun, 2019 12:00am
State Bank of Pakistan conversion rates
Exchange

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 01 Jun, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 01 Jun, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 01 Jun, 2019 12:00am
200,000 pray at Al-Aqsa mosque after stabbing attack

200,000 pray at Al-Aqsa mosque after stabbing attack

More than 200,000 Muslims took part in the final Friday prayers of Ramadan at Al-Aqsa mosque compound in the Old City of annexed east Jerusalem, as Israel heightened security following a Palestinian stabbing attack. The religious authority in charge of th
Published 01 Jun, 2019 12:00am
North Korea 'executed' officials after failed Trump summit
Exchange

North Korea 'executed' officials after failed Trump summit

North Korea executed its special envoy to the United States following the collapse of the second summit between leader Kim Jong Un and President Donald Trump, a South Korean newspaper reported Friday. The Chosun Ilbo said Kim Hyok Chol, who laid the groun
Published 01 Jun, 2019 12:00am
Kosovo declares Russian UN staff 'non grata'

Kosovo declares Russian UN staff 'non grata'

Kosovo on Friday declared a Russian UN staffer as "persona non grata" after he became part of a diplomatic row when he was detained and injured in a police raid. Mikhail Krasnoshchekov, a civil affairs officer with the UN Mission in Kosovo (UNMIK), was ar
Published 01 Jun, 2019 12:00am
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