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Apr 27, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-08-20
GRM averages $11.45/bbl in August

GRM averages $11.45/bbl in August

The gross refining margins (GRM) averaged $11.45/bbl during the month of August-2019, marking increase of $2.01/bbl or 21 percent on year-on-year basis. GRMs during the month trended upward, reaching the highest level in the year 2019, supported by a robu
Published 20 Aug, 2019 12:00am
Sindh E&T department collects Rs 5.696 in July
Cotton

Sindh E&T department collects Rs 5.696 in July

Sindh Excise and Taxation department on Monday claimed to have collected Rs 5.696 billion in July. According to details, the department has made a tax recovery of Rs 5696.447 million under various heads of taxes during July, 2019. This was revealed by Dir
Published 20 Aug, 2019 12:00am
Qureshi directs Tehmina to assume responsibilities in Geneva

Qureshi directs Tehmina to assume responsibilities in Geneva

Newly-appointed Special Representative of Prime Minister on Diplomatic Outreach Tehmina Janjua on Monday called on Foreign Minister Shah Mahmood Qureshi and discussed the latest grave situation in Indian Occupied Jammu and Kashmir. According to a statemen
Published 20 Aug, 2019 12:00am
Indian deputy HC summoned over LoC violations

Indian deputy HC summoned over LoC violations

Pakistan lodged a strong protest with India on Monday by summoning its top diplomat over the continued ceasefire violations and targeting of civilian population.
Published 20 Aug, 2019 12:00am
WCCI Peshawar launches tree plantation drive

WCCI Peshawar launches tree plantation drive

Women Chamber of Commerce and Industry (WCCI) Peshawar has launched monsoon tree plantation campaign here on Monday. WCCI president Azra Jamshid planted a sapling in lush green of the chamber to formal inaugurate the tree plantation drive in a single but
Published 20 Aug, 2019 12:00am
SAP S/4HANA implemented at Bahauddin Zakariya varsity

SAP S/4HANA implemented at Bahauddin Zakariya varsity

Excellence Delivered (ExD), the only Platinum Partner of SAP in Pakistan, has implemented SAP S/4HANA at Bahauddin Zakariya University (BZU), Multan. BZU, the first public sector university to implement SAP S/4HANA in Pakistan, now stands among some of th
Published 20 Aug, 2019 12:00am
Dr Haroon Qazi to conduct free plastic surgeries at ATH

Dr Haroon Qazi to conduct free plastic surgeries at ATH

Dr Haroon Qazi, an America-based Plastic surgeon (PS) of Pakistani origin belonging to Abbottabad has arrived in Ayub Teaching Hospital (ATH) to carry out free of cost operations for children born with a congenital deformity of cleft lip and cleft palate
Published 20 Aug, 2019 12:00am
Registration of senior citizens onward in KP

Registration of senior citizens onward in KP

The registration of senior citizens is in progress in the province wherein 0.785 million have been registered out of estimated 2.8 million persons in the province. These senior citizens will be provided with Senior Citizen Cards through which they will av
Published 20 Aug, 2019 12:00am
China must allow Pakistani kinnow on all entry points: BMP

China must allow Pakistani kinnow on all entry points: BMP

Secretary General (Federal) of Businessmen Panel (BMP) and former Chairman of Standing Committee on Horticulture Exports FPCCI, Ahmad Jawad has suggested that Chinese Authority must allow Pakistani kinnow on all entry points, including its CPEC route, so
Published 20 Aug, 2019 12:00am
Faisal Siddiqi appointed new CMC COO

Faisal Siddiqi appointed new CMC COO

Pakistan's leading perception management company, CMC, has appointed Faisal Siddiqi as its Chief Operating Officer (COO). In his new capacity, he will be responsible for providing strategic and operational leadership in all activities pursued by the compa
Published 20 Aug, 2019 12:00am
NED signs MoU with SECMC, TCF

NED signs MoU with SECMC, TCF

In pursuance of the announcement by the Government of Sindh, a NED University campus under the name of Thar Institute of Engineering, Sciences and Technology (TIEST) is being setup in Islamkot, Tharparkar, which will start its Bachelors of Computer Scienc
Published 20 Aug, 2019 12:00am
Pakistan, Canada enjoy close and historic relations: HC

Pakistan, Canada enjoy close and historic relations: HC

The Canadian High Commission to Pakistan Wendy Gilmour has said Pakistan and Canada enjoy very cclose and historic relations. Addressing the members of English Speaking Union (ESU), the Canadian High Commissioner said his country is supporting Pakistan in
Published 20 Aug, 2019 12:00am
Byco wins Environment Excellence Award 2019

Byco wins Environment Excellence Award 2019

Byco Petroleum Pakistan Limited has won the Environment Excellence Award at the 16th Annual Environment Excellence Awards held at a local hotel in Karachi. The Chief Guest at the occasion was Chief Secretary Sindh Mumtaz Ali Shah, presented the Environmen
Published 20 Aug, 2019 12:00am
CoAS tenure extension: Business community lauds PM's decision

CoAS tenure extension: Business community lauds PM's decision

Business community has welcomed the decision of extending tenure of Chief of Army Staff General Qamar Javed Bajwa for three years by Prime Minister Imran Khan. President of the Federation of Pakistan Chamber of Commerce & Industry (FPCCI) Engr Daroo Khan
Published 20 Aug, 2019 12:00am
LNG scam: Physical remand of Miftah, Sh Imran extended till 30th

LNG scam: Physical remand of Miftah, Sh Imran extended till 30th

The Accountability Court on Monday extended physical remand of former finance minister Miftah Ismail and former managing director Pakistan States Oil (PSO) Sheikh Imran-ul-Haq till August 30 in the liquefied natural gas (LNG) scam. The NAB officials produ
Published 20 Aug, 2019 12:00am
PML-N, PPP once again tricked Maulana: Dr Firdous

PML-N, PPP once again tricked Maulana: Dr Firdous

Special Assistant to the Prime Minister (PM) on Information and Broadcasting Dr Firdous Ashiq Awan said on Monday the Pakistan Peoples Party (PPP) and the Pakistan Muslim League-Nawaz (PML-N) have once again tricked Jamiat Ulema-e-Islam Fazl (JUI-F) chief
Published 20 Aug, 2019 12:00am
UHS, PSIM launch tree plantation drive

UHS, PSIM launch tree plantation drive

The University of Health Sciences (UHS) and Pakistan Society of Internal Medicine (PSIM) jointly organized an event here at the varsity on Monday, to celebrate the Independence Day and launch monsoon tree plantation campaign.
Published 20 Aug, 2019 12:00am
APC decides to launch decisive move against government

APC decides to launch decisive move against government

Amidst the absence of the heads of two major opposition parties-President Pakistan Muslim League-Nawaz (PML-N) Shahbaz Sharif and Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari-the joint opposition's All Parties Conference (APC) on Monday an
Published 20 Aug, 2019 12:00am
Government urged to devise effective export promotion policy

Government urged to devise effective export promotion policy

The PTI-led government is yet to come up with an effective export promotion policy given the continued sluggish export growth during the last one year. The representatives of different manufacturers and exporter associations told Business Recorder
Published 20 Aug, 2019 12:00am
CDA imposes major penalties on its two officials

CDA imposes major penalties on its two officials

The Capital Development Authority (CDA) Monday imposed major penalties on its two officials on account of misconduct and unauthorised absence from the duty. The Human Resource Directorate has issued orders in accordance with the relevant clauses of CDA Em
Published 20 Aug, 2019 12:00am
Alarming rise in government debt
Exchange

Alarming rise in government debt

The PTI-led coalition has enumerated the successes that it has achieved upon completion of its first year in power. No doubt, it has shown a great deal of sincerity of purpose insofar its approach to myriad challenges facing the country in various areas i
Published 20 Aug, 2019 12:00am
Does Imran Khan have a tryst with destiny?

Does Imran Khan have a tryst with destiny?

Pakistan is undergoing an unprecedented change. The driver is IK. I have never met IK except in 2005 when I invited him to address the Management Association of Pakistan on Leadership. Nor am I a card holder of Pakistan Tehreek-e-Insaf. I have spent 52 ye
Published 20 Aug, 2019 12:00am
Spate of bad news
Exchange

Spate of bad news

The release of economic statistics recently by the FBS and the SBP has magnified concerns about the state of the economy and adverse short-run developments. These statistics relate to various aspects of the economy like the public finances, balance of pay
Published 20 Aug, 2019 12:00am
Rights issues in agriculture sector
Cotton

Rights issues in agriculture sector

Growers of the hybrid citrus fruit, kinnow, think they are getting a raw deal. Voicing their grievances Secretary General (federal) of Businessmen Panel and a former chairman of the FPCCI's standing committee on horticulture exports has pointed out that t
Updated 20 Aug, 2019 07:04am
One year of Imran Khan
Exchange

One year of Imran Khan

Pakistan Tehrik-i-Insaaf's first year in power ended not with the Prime Minister's address to the nation, as previously envisaged, so as not to divert attention away from the appalling conditions in Indian-Occupied Kashmir (IOK) but with a conference orga
Updated 20 Aug, 2019 06:57am
Parliamentary body asks government to pursue 'aggressive' diplomacy

Parliamentary body asks government to pursue 'aggressive' diplomacy

Parliamentary Committee on National Security on Monday asked the government to pursue "aggressive" diplomacy with world powers to exert pressure on India for stopping repression against innocent Kashmiris in the wake of August 5 illegal steps. The in-came
Published 20 Aug, 2019 12:00am
Parliamentary body asks government to pursue 'aggressive' diplomacy

Parliamentary body asks government to pursue 'aggressive' diplomacy

Parliamentary Committee on National Security on Monday asked the government to pursue "aggressive" diplomacy with world powers to exert pressure on India for stopping repression against innocent Kashmiris in the wake of August 5 illegal steps. The in-came
Published 20 Aug, 2019 12:00am
Four new PHC judges sworn in

Four new PHC judges sworn in

Four additional judges of Peshawar High Court (PHC) took oath of their offices in Peshawar on Monday. Chief Justice PHC Justice Waqar Ahmed Seth administered the oath to the new judges during a ceremony held in Court Room No 1. The additional judges who t
Published 20 Aug, 2019 12:00am
Four new PHC judges sworn in

Four new PHC judges sworn in

Four additional judges of Peshawar High Court (PHC) took oath of their offices in Peshawar on Monday. Chief Justice PHC Justice Waqar Ahmed Seth administered the oath to the new judges during a ceremony held in Court Room No 1. The additional judges who t
Published 20 Aug, 2019 12:00am
Qureshi hails PM's decision

Qureshi hails PM's decision

Foreign Minister Shah Mehmood Qureshi Monday defended the Prime Minister's decision to give a three-year extension to Chief of Army Staff General Qamar Javed Bajwa, saying it gives a clear message to the whole world that Pakistan's civil and military lead
Published 20 Aug, 2019 12:00am
Qureshi hails PM's decision

Qureshi hails PM's decision

Foreign Minister Shah Mehmood Qureshi Monday defended the Prime Minister's decision to give a three-year extension to Chief of Army Staff General Qamar Javed Bajwa, saying it gives a clear message to the whole world that Pakistan's civil and military lead
Published 20 Aug, 2019 12:00am
US gives Huawei 90-day reprieve on ban

US gives Huawei 90-day reprieve on ban

The Trump administration gave Huawei Technologies a 90-day reprieve Monday from a ban on doing business with US companies, as high-stakes trade talks between Washington and Beijing struggle to show gains. The US Commerce Department effectively suspended f
Published 20 Aug, 2019 12:00am
US gives Huawei 90-day reprieve on ban

US gives Huawei 90-day reprieve on ban

The Trump administration gave Huawei Technologies a 90-day reprieve Monday from a ban on doing business with US companies, as high-stakes trade talks between Washington and Beijing struggle to show gains. The US Commerce Department effectively suspended f
Published 20 Aug, 2019 12:00am
The Weather

The Weather

The weather report on Monday (August 19, 2019) and the forecast for Tuesday (August 20, 2019).

Published 20 Aug, 2019 12:00am
US gives Huawei 90-day reprieve on ban

US gives Huawei 90-day reprieve on ban

The Trump administration gave Huawei Technologies a 90-day reprieve Monday from a ban on doing business with US companies, as high-stakes trade talks between Washington and Beijing struggle to show gains. The US Commerce Department effectively suspended f
Published 20 Aug, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (August 19, 2019).

Published 20 Aug, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (August 19, 2019).

Published 20 Aug, 2019 12:00am
New York police officer sacked

New York police officer sacked

A US police offer was sacked Monday for putting a black man in a banned chokehold just before his death five years ago in a case that fueled nationwide protests. New York Police Commissioner James O'Neill told reporters Daniel Pantaleo was dismissed from
Published 20 Aug, 2019 12:00am
New York police officer sacked

New York police officer sacked

A US police offer was sacked Monday for putting a black man in a banned chokehold just before his death five years ago in a case that fueled nationwide protests. New York Police Commissioner James O'Neill told reporters Daniel Pantaleo was dismissed from
Published 20 Aug, 2019 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (August 19, 2019)

Published 20 Aug, 2019 12:00am
Regime advance cuts off Turkish convoy in northwest Syria

Regime advance cuts off Turkish convoy in northwest Syria

A Turkish military convoy crossed into jihadist-run northwest Syria on Monday, its path blocked by advancing regime troops as tensions soared between Damascus and Ankara. Rebel-backer Turkey said its forces were targeted by an air strike, while the Syrian
Published 20 Aug, 2019 12:00am
PSX turns bullish: BRIndex100 closes in green zone
Exchange

PSX turns bullish: BRIndex100 closes in green zone

Pakistan Stock Exchange on Monday turned bullish after eight consecutive negative sessions, on the back of aggressive buying on attractive low levels on almost all sectors. BRIndex100 gained 100.29 points or 3.38 percent to close at 3,066.40 points. Durin
Published 20 Aug, 2019 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (August 19, 2019).

Published 20 Aug, 2019 12:00am
PSX turns bullish: BRIndex100 closes in green zone
Exchange

PSX turns bullish: BRIndex100 closes in green zone

Pakistan Stock Exchange on Monday turned bullish after eight consecutive negative sessions, on the back of aggressive buying on attractive low levels on almost all sectors. BRIndex100 gained 100.29 points or 3.38 percent to close at 3,066.40 points. Durin
Published 20 Aug, 2019 12:00am
PSX turns bullish: BRIndex100 closes in green zone
Exchange

PSX turns bullish: BRIndex100 closes in green zone

Pakistan Stock Exchange on Monday turned bullish after eight consecutive negative sessions, on the back of aggressive buying on attractive low levels on almost all sectors. BRIndex100 gained 100.29 points or 3.38 percent to close at 3,066.40 points. Durin
Updated 20 Aug, 2019 04:43am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (August 19, 2019).

Published 20 Aug, 2019 12:00am
Execution of contracts: FBR asks provinces to deduct, deposit WHT

Execution of contracts: FBR asks provinces to deduct, deposit WHT

The Federal Board of Revenue (FBR) has approached the provincial governments to deduct and deposit withholding tax at the time of making payment on account of execution of contracts at provincial level. Sources told Business Recorder that the FBR h
Published 20 Aug, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (August 19, 2019).

Published 20 Aug, 2019 12:00am
Execution of contracts: FBR asks provinces to deduct, deposit WHT

Execution of contracts: FBR asks provinces to deduct, deposit WHT

The Federal Board of Revenue (FBR) has approached the provincial governments to deduct and deposit withholding tax at the time of making payment on account of execution of contracts at provincial level. Sources told Business Recorder that the FBR h
Published 20 Aug, 2019 12:00am
Execution of contracts: FBR asks provinces to deduct, deposit WHT

Execution of contracts: FBR asks provinces to deduct, deposit WHT

The Federal Board of Revenue (FBR) has approached the provincial governments to deduct and deposit withholding tax at the time of making payment on account of execution of contracts at provincial level. Sources told Business Recorder that the FBR h
Published 20 Aug, 2019 12:00am
PM too speaks to Trump

PM too speaks to Trump

United States President Donald Trump has emphasized the need for regional peace in telephonic conversation with Prime Minister Imran Khan and his Indian counterpart Narendra Modi. Speaking at an urgent news conference here Monday, Qureshi said that Prime
Published 20 Aug, 2019 12:00am
THE RUPEE: bulls persist
Currency

THE RUPEE: bulls persist

An upward trend was again witnessed on the money market on Monday as the rupee managed to hold present levels versus the dollar in the process of trading session, dealers said.
Published 20 Aug, 2019 12:00am
PM too speaks to Trump

PM too speaks to Trump

United States President Donald Trump has emphasized the need for regional peace in telephonic conversation with Prime Minister Imran Khan and his Indian counterpart Narendra Modi. Speaking at an urgent news conference here Monday, Qureshi said that Prime
Published 20 Aug, 2019 12:00am
THE RUPEE: bulls persist
Currency

THE RUPEE: bulls persist

An upward trend was again witnessed on the money market on Monday as the rupee managed to hold present levels versus the dollar in the process of trading session, dealers said.
Published 20 Aug, 2019 12:00am
Trump asks Modi to reduce India-Pakistan 'tensions'

Trump asks Modi to reduce India-Pakistan 'tensions'

US President Donald Trump on Monday spoke with India's Prime Minister Narendra Modi, urging a reduction of tension between India and Pakistan over the disputed Kashmir region. "The president conveyed the importance of reducing tensions between India and P
Published 20 Aug, 2019 12:00am
Trump asks Modi to reduce India-Pakistan 'tensions'

Trump asks Modi to reduce India-Pakistan 'tensions'

US President Donald Trump on Monday spoke with India's Prime Minister Narendra Modi, urging a reduction of tension between India and Pakistan over the disputed Kashmir region. "The president conveyed the importance of reducing tensions between India and P
Published 20 Aug, 2019 12:00am
'Regional security environment': Bajwa gets 3-year tenure extension

'Regional security environment': Bajwa gets 3-year tenure extension

Prime Minister Imran Khan on Monday approved an extension in the tenure of Chief of Army Staff General Qamar Javed Bajwa for three years. "General Qamar Javed Bajwa is appointed Chief of Army Staff for another term of three years from the date of completi
Published 20 Aug, 2019 12:00am
'Regional security environment': Bajwa gets 3-year tenure extension

'Regional security environment': Bajwa gets 3-year tenure extension

Prime Minister Imran Khan on Monday approved an extension in the tenure of Chief of Army Staff General Qamar Javed Bajwa for three years. "General Qamar Javed Bajwa is appointed Chief of Army Staff for another term of three years from the date of completi
Published 20 Aug, 2019 12:00am
India accused of using water as a weapon

India accused of using water as a weapon

Accusing India of waging "fifth-generation warfare", Pakistan said on Monday New Delhi had failed to inform it about the release of water from a dam that could cause flooding across the border. Islamabad said the unexpected release of water into the River
Published 20 Aug, 2019 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Monday (August 19, 2019).

Published 20 Aug, 2019 12:00am
India accused of using water as a weapon

India accused of using water as a weapon

Accusing India of waging "fifth-generation warfare", Pakistan said on Monday New Delhi had failed to inform it about the release of water from a dam that could cause flooding across the border. Islamabad said the unexpected release of water into the River
Published 20 Aug, 2019 12:00am
Pakistan presents 21-page report to FATF group
Exchange

Pakistan presents 21-page report to FATF group

Pakistan delegation, headed by Governor of the State Bank of Pakistan Reza Baqir, reached Australia and commenced negotiations with the Financial Action Task Force''s (FATF''s) Asia Pacific Group to exit its grey list. The delegation presented its 21-page
Published 20 Aug, 2019 12:00am
Pakistan presents 21-page report to FATF group
Exchange

Pakistan presents 21-page report to FATF group

Pakistan delegation, headed by Governor of the State Bank of Pakistan Reza Baqir, reached Australia and commenced negotiations with the Financial Action Task Force's (FATF's) Asia Pacific Group to exit its grey list. The delegation presented its 21-page r
Published 20 Aug, 2019 12:00am
Pakistan presents 21-page report to FATF group
Exchange

Pakistan presents 21-page report to FATF group

Pakistan delegation, headed by Governor of the State Bank of Pakistan Reza Baqir, reached Australia and commenced negotiations with the Financial Action Task Force's (FATF's) Asia Pacific Group to exit its grey list. The delegation presented its 21-page r
Published 20 Aug, 2019 12:00am
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