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May 20, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Markets » Exchange

Kenyan shilling strengthens
Exchange

Kenyan shilling strengthens

Kenya's shilling strengthened sightly on Thursday and traders said they expected it to weaken next week due to dollar demand from the manufacturing and energy sectors. At 0626 GMT, commercial banks quoted the shilling at 102.20/30 to the dollar, compared
Published 01 Jan, 2016 12:00am
Dollar index ends year with nine percent gain in Europe
Exchange

Dollar index ends year with nine percent gain in Europe

The dollar was set to end 2015 with a 9 percent annual gain against a basket of currencies on Thursday, a fall in December failing to take the shine off its strongest run higher since the turn of the century. In a rally that dates back to May 2014, the gr
Published 01 Jan, 2016 12:00am
Yuan in biggest yearly loss on record after volatile 2015
Exchange

Yuan in biggest yearly loss on record after volatile 2015

China's yuan weakened against the dollar on Thursday, finishing the year with a record yearly loss of 4.7 percent after volatile trading in last five months. A big question in global currency trade for 2016 is how much further the yuan might depreciate. S
Published 01 Jan, 2016 12:00am
Pakistan's foreign exchange reserves cross $21 billion mark
Exchange

Pakistan's foreign exchange reserves cross $21 billion mark

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

Pakistan's foreign exchange reserves cross $21 billion mark

The country's total liquid foreign exchange reserves stood at $21.074 billion at the end of last week. According to SBP, weekly foreign exchange reserve report issued on Thursday, during the week ending December 25, 2015, SBP's liquid forex reserves incre
Published 01 Jan, 2016 12:00am
Oil bogs down Wall Street as S&P 500 clings to gain for 2015
Exchange

Oil bogs down Wall Street as S&P 500 clings to gain for 2015

Wall Street dropped on Wednesday as Brent crude slid towards 11-year lows and Apple weighed on the S&P 500 index, which clung to a meagre gain for 2015. The S&P energy sector was the poorest performer among the 10 major sectors, down 1.47 percent after fo
Published 01 Jan, 2016 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Jan, 2016 12:00am
Pakistan''s foreign exchange reserves cross $21 billion mark
Exchange

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

The country''s total liquid foreign exchange reserves stood at $21.074 billion at the end of last week. According to SBP, weekly foreign exchange reserve report issued on Thursday, during the week ending December 25, 2015, SBP''s liquid forex reserves inc
Published 01 Jan, 2016 12:00am
China cracks whip on foreign banks with forex shut-out
Exchange

China cracks whip on foreign banks with forex shut-out

Chinese authorities are starting to police the nation's foreign exchange market in a way currency traders have rarely seen before, levying penalty payments for aggressive trading and prompting some banks to turn down business. Reuters reported on Wednesda
Published 01 Jan, 2016 12:00am
Global markets end 2015 with a whimper
Exchange

Global markets end 2015 with a whimper

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

KSA minister meets CoAS

Muhammad Bin Abdullah Al-Ayish, Assistant Defence Minister for Military Affairs, Kingdom of Saudi Arabia visited General Headquarters on Thursday and called on Chief of Army Staff General Raheel Sharif. During the meeting, matters related to regional secu
Published 01 Jan, 2016 12:00am
US MIDDAY: gold sinks 10 percent for third annual loss
Exchange

US MIDDAY: gold sinks 10 percent for third annual loss

Gold was steady on Thursday, ending the year down 10 percent for its third straight annual decline, ahead of another potentially challenging year in 2016 amid the prospect of higher US interest rates and a robust dollar. Largely influenced by US monetary
Published 01 Jan, 2016 12:00am
Global markets end 2015 with a whimper
Exchange

Global markets end 2015 with a whimper

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

KSA minister meets CoAS

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

Gold steady in Europe

Gold was steady on Thursday but poised to mark its third straight annual loss, ahead of what is likely to be another tough year with the prospect of higher US interest rates and dollar strength. Largely influenced by US monetary policy and dollar flows, t
Published 01 Jan, 2016 12:00am
Global markets end 2015 with a whimper
Exchange

Global markets end 2015 with a whimper

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

Addiction to amnesty schemes!

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

Palm oil falls

Malaysian palm oil futures fell on Thursday, after reaching a new 18-month high, on concerns of slowing demand after data showed exports declined. The benchmark palm oil contract for March on the Bursa Malaysia Derivatives Exchange fell 0.6 percent to 2,4
Published 01 Jan, 2016 12:00am
July-November services deficit plunges by 45 percent
Exchange

July-November services deficit plunges by 45 percent

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

Base metals slump, face another storm in 2016

Copper and zinc lost a quarter of their value in 2015 while nickel fell by more than 40 percent as slowing growth in top consumer China, a supply overhang and a strong dollar hammered industrial metals. Worries about tighter supplies to come capped lead's
Published 01 Jan, 2016 12:00am
July-November services deficit plunges by 45 percent
Exchange

July-November services deficit plunges by 45 percent

Services balance posted a significant improvement during the initial months of the current fiscal year supported by arrival of Coalition Support Fund (CSF) inflows and lower import bill. Services trade deficit declined sharply by 45 percent during the fir
Published 01 Jan, 2016 12:00am
US natural gas up nearly seven percent as hit six-week highs
Exchange

US natural gas up nearly seven percent as hit six-week highs

US natural gas futures rose nearly 7 percent on Tuesday as the heating fuel hit six-week highs and extended gains for a fourth straight day on cold weather and ahead of the expiry of the front-month contract. Since their December 22 close, gas futures on
Published 01 Jan, 2016 12:00am
July-November services deficit plunges by 45 percent
Exchange

July-November services deficit plunges by 45 percent

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