News Archives for Print - 2015-07-05

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (July 04, 2015).

Published 05 Jul, 2015 12:00am

Plunging Brazil services cast gloom over rest of 2015: PMI

Activity in Brazil's services sector plunged faster in June, contracting at the quickest pace in over six years, a private survey showed on Friday, underscoring the depth of a likely recession and the meager chances for a recovery this year. HSBC's Purcha

Published 05 Jul, 2015 12:00am

Suez CEO says Q2 market trends more favourable

Suez Environnement, the world's second largest waste and water company, said on Saturday market trends were slightly more favourable in the second quarter of the year after a flat first quarter. In April, the French group reported a 5.5 percent increase i

Published 05 Jul, 2015 12:00am

Libor

Brazil targets 15 banks in forex fixing probe

Brazil's antitrust body announced an unprecedented probe for the country into alleged foreign exchange market rigging by 15 banks including Citigroup and HSBC, which are accused of colluding to form a secret cartel. "There are strong indications of antico

Published 05 Jul, 2015 12:00am

Italy gears up for post office, railway privatization

Italy is pressing ahead with plans to list its post office operator this year and its national rail company next year, a senior Treasury official said, adding other state-owned firms will be sold in an bid to raise money to cut public debt. Rome is lookin

Published 05 Jul, 2015 12:00am

Australia solidarity rallies ahead of Greek vote

Hundreds of people rallied in Australia in solidarity with Greece on Saturday, mainly in Melbourne which has a large Greek community, ahead of the make-or-break weekend referendum on austerity measures. Prime Minister Alexis Tsipras has called on Greeks t

Published 05 Jul, 2015 12:00am

Top economists see 'No' vote as Greece's least-worst choice

While polls in Greece show the country evenly divided going into Sunday's crucial bailout referendum, some of the world's top economists are united in arguing that a 'No' result is the country's best - or least-worst - choice. Joseph Stiglitz, a Nobel lau

Published 05 Jul, 2015 12:00am

Currency

Despite crisis, few Greeks ready to forgo coffee

They might be living through one of the worst economic crises of modern times, but for Greeks coffee remains an indispensable fuel for thought on the eve of a referendum that may decide their future in Europe. Hit by falling pensions and wages, higher tax

Published 05 Jul, 2015 12:00am

Canadian economy not heading for recession: minister

Canada's finance minister denied Friday that the country is heading for recession, a day after two major banks predicted economic doomsday. Canada, the world's fifth-biggest oil producer, has been hard hit by tumbling global oil prices and its economy shr

Published 05 Jul, 2015 12:00am

Kenya's main port sacks 27 strike leaders as losses hit $2 million

East Africa's biggest port in the Kenyan city of Mombasa said on Saturday it had dismissed 27 workers it believed were behind a strike this week that paralysed operations for two days and cost the port at least $2 million. Over 2,000 workers went on strik

Published 05 Jul, 2015 12:00am

EBA dismisses rumours over haircuts to Greek deposits

The chairman of the European Banking Authority (EBA) Andrea Enria said on Saturday he was unaware of any planned haircuts to deposits held in Greek banks due to the country's debt crisis. "I am not aware of any plans to introduce haircuts to retail deposi

Published 05 Jul, 2015 12:00am

Currency

Oil, gold prices retreat; no gold rush

Oil prices came under pressure this week from concerns about Greece's future in the eurozone and the possibility of higher Iranian crude supplies. Gold failed to benefit from its status as a haven investment. US markets were shut Friday ahead of the July

Published 05 Jul, 2015 12:00am

Iran oil exports could jump by 60 percent in a year

Iran will increase its oil exports by up to 60 percent within a year if it can agree a nuclear deal with world powers bringing an end to sanctions, a Reuters survey of analysts said on Wednesday. A poll of 25 oil analysts from leading banks and brokerages

Published 05 Jul, 2015 12:00am

BofA cuts aluminium, nickel price forecasts

Bank of America Merill Lynch cut its price forecasts for aluminium for this year and 2016, citing a global supply glut fuelled by increasing output from China. The bank revised down its 2015 average aluminium price forecast by 3.3 percent to $1,742 per to

Published 05 Jul, 2015 12:00am

China's GF Securities to expand global commodities biz

China's GF Securities, the parent of GF Financial Markets, plans to expand in the global commodities markets using its London-based unit, the company's chairman Sun Shuming said on Wednesday. Sun said the London unit, GF Financial would be used as the Chi

Published 05 Jul, 2015 12:00am

Currency

Vietnam coffee buying demand thin on ample supply

Demand for Vietnamese coffee is expected to stay moderate and prices would be stable in the last three months of the current 2014/2015 crop year given ample stocks in the country, traders said on Tuesday. Vietnam, the world's largest robusta producer, is

Published 05 Jul, 2015 12:00am

Reality check for iron ore; worst may not be over for glut-hit commodity

Growing iron ore supply from mega miners and shrinking Chinese steel demand will likely stunt a recovery in prices this year and next, a Reuters poll showed, with some analysts saying the worst may not be over for the glut-hit commodity. Prices for the st

Published 05 Jul, 2015 12:00am

Good crop, high stocks to support Russian wheat exports

Good crops in the key exporting regions and high stocks will support Russia's wheat exports at the start of 2015/16 marketing season from July 1, the SovEcon agriculture consultancy said on Wednesday. Exports from Russia, one of the world's major wheat ex

Published 05 Jul, 2015 12:00am

Fungal disease 'exploding' in north-central Kansas wheat fields

A fungal disease known as head scab has spread rapidly in winter wheat fields in central Kansas, the largest US producer of the grain, a Kansas State University extension crop specialist said. "It's exploding, and I feel like that's a pretty good term to

Published 05 Jul, 2015 12:00am

LBMA, Shanghai Gold Exchange agree on 9999 gold bar grade

London Bullion Market Association (LBMA) and the Shanghai Gold Exchange (SGE) have agreed on a standard specification for the market's highest grade of gold bars, in a move to make global trading more efficient, the LBMA said on Wednesday. Both organizati

Published 05 Jul, 2015 12:00am

China launches new oil and gas trading platform

A new trading platform for oil and gas was launched in China on Wednesday, state media reported, as the world's largest energy consumer looks to extend its influence over global commodity pricing. The Shanghai Petroleum and Natural Gas Exchange (SHPGX), w

Published 05 Jul, 2015 12:00am

China sugar imports triple to 520,000 tonnes in May

China, one of the world's top sugar buyers, imported 520,000 tonnes of sugar in May, triple the amount a year earlier, as refiners sought to benefit from cheap global prices. The jump in volumes, which was widely expected after similar imports in April, h

Published 05 Jul, 2015 12:00am

Romania to send oil and gas royalty tax law to parliament

Romania's government will send a draft law on royalty taxes for the oil and gas sector to parliament in September, Deputy Finance Minister Dan Manolescu told an energy seminar on Monday. The new tax system will likely include differentiated royalties for

Published 05 Jul, 2015 12:00am

Romania to send oil and gas royalty tax law to parliament

Romania's government will send a draft law on royalty taxes for the oil and gas sector to parliament in September, Deputy Finance Minister Dan Manolescu told an energy seminar on Monday. The new tax system will likely include differentiated royalties for

Published 05 Jul, 2015 12:00am

EU wheat futures fall on US market holiday

Euronext wheat futures fell on Friday as a US market holiday encouraged consolidation following a rally linked to hot, parched conditions in some west European crop regions. December milling wheat, the new-crop benchmark and most active contract on Eurone

Published 05 Jul, 2015 12:00am

US natural gas futures rise one percent

US natural gas futures gained over 1 percent on Thursday before the US Fourth of July holiday weekend after the government reported a smaller than normal storage build, while next-day gas and power in the Northeast fell to record lows. Front-month gas fut

Published 05 Jul, 2015 12:00am

French crop ratings down again, barley harvest accelerates

The condition of French cereal crops mostly declined again in the week to June 29, farm office FranceAgriMer said on Friday, reflecting the impact of a prolonged dry spell in the European Union's top grain producer. Ratings remained generally above the le

Published 05 Jul, 2015 12:00am

Brazil's Odebrecht to raise cane crush by 15 percent in 2015-16

Brazil's sugar and ethanol group Odebrecht Agroindustrial, a subsidiary of Odebrecht SA, expects to crush 27.5 million tonnes of cane in the 2015/16 crop, a 15 pct increase from the previous year, the company said on Thursday in an earnings statement. Ode

Published 05 Jul, 2015 12:00am

Asian naphtha intermonth premium at the lowest since January

Asia's premium for front-month second-half August to second-half September fell 75 cents to $1 a tonne on Thursday, making this the lowest intermonth premium since January 19 as buyers were slow to commit to second-half August cargoes due to ample supplie

Published 05 Jul, 2015 12:00am

India oilseeds, soyaoil futures drop; sugar rises on exports

Indian oilseeds and soyaoil futures dropped on Friday on a strong rupee and as farmers accelerated sowing of summer-sown oilseeds. A strong rupee makes edible oil imports cheaper and also trims returns of oilmeal exporters. Indian farmers have cultivated

Published 05 Jul, 2015 12:00am

Vegetable Oil

European vegoils prices little changed

Vegetable oil prices were little changed in Europe on Friday as a holiday in the United States and uncertainty about planned Indonesian export levies helped to slow trading. RBD palm olein for October-December shipment traded at $629 a tonne, up $4 from l

Published 05 Jul, 2015 12:00am

US Midwest corn bids weaker

US Midwest corn basis bids were weaker on Thursday after big farmer sales this week, merchants said. Soyabean basis bids were mostly steady along with soft red winter wheat bids. Farmer sales of grain, especially corn, continued but the pace slowed ahead

Published 05 Jul, 2015 12:00am

VLCC rates set to fall on lower cargo volumes

Freight rates for very large crude carriers (VLCCs) on key Asian routes are set to slide next week on dearth of new open market cargoes and increased tonnage supply, brokers said. Charterers are pushing rates down by negotiating with individual owners in

Published 05 Jul, 2015 12:00am

Asia-North Europe container freight rates jump 60 percent

Shipping freight rates for transporting containers from ports in Asia to Northern Europe rose by 60.4 percent to $879 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index tol

Published 05 Jul, 2015 12:00am

Cotton

Cotton market: prices stable on low business activity

Prices stable on the cotton market on Saturday in the process of slow trading, dealers said. The official spot rate was unchanged at Rs 4850, dealers said. Seed cotton prices in Sindh and Punjab were at Rs 2400-2450, they said. In the ready business, appr

Published 05 Jul, 2015 12:00am

Cotton

Oil cake market rates

Both the deliveries were lower on the forward cottonseed oilcake market on Friday in the process of trading, dealers said. The July vaida closed at Rs 1838.50 and it opened with 50 paisa down at Rs 1838.00 in the early session, they said. The December vai

Published 05 Jul, 2015 12:00am

Rice prices edge up in Vietnam, stable in Thailand

Rice prices in Vietnam edged up slightly this week as exporters prepared to ship some of the grain before harvest peaks later this month, while foreign buyers eyed a tender in Thailand for cheaper deals, traders said on Wednesday.

Published 05 Jul, 2015 12:00am

Currency

Asian coffee: Vietnamese sales slow, Indonesia's exports up

Lower global prices have put a brake on coffee sales in Vietnam, prompting foreign buyers to switch to supplies of fresh beans from Indonesia, where the harvest is picking up pace, traders said on Thursday. High stocks in top robusta producer Vietnam and

Published 05 Jul, 2015 12:00am

US FOB Gulf corn, soyabean export premiums down

Corn and soyabean export premiums at the US Gulf Coast declined on Thursday in tandem with eroding CIF barge basis values amid weak export demand and ample supplies, traders said. CIF corn and soyabean basis bids at the Gulf fell by 2 to 3 cents a bushel

Published 05 Jul, 2015 12:00am

Cotton

Mixed patterns on grain market

Prices moved both ways on the wholesale grain market on Saturday in the process of moderate trading, dealers said. On the seeds side, rapeseeds from Nawabshah and Mirpurlane low types gained Rs 25 to Rs 2000 and the best quality was up by Rs 50 to Rs 2050

Published 05 Jul, 2015 12:00am

Rapeoil prices lower in Europe ahead of USDA report

Rapeseed oil prices were lower in Europe on Tuesday but the move looked likely to prove shortlived following a bullish report issued by the US Department of Agriculture after business had wound down for the day. EU rapeseed oil asking prices were cut by 1

Published 05 Jul, 2015 12:00am

Canadian canola futures down

ICE Canadian canola futures settled lower Thursday on technical selling and profit-taking after most months posted life-of-contract highs, traders said. Canola was also pressured by setbacks in allied US soy markets on Wednesday while Canadian markets wer

Published 05 Jul, 2015 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 05 Jul, 2015 12:00am

Currency

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (July 04, 2015).

Published 05 Jul, 2015 12:00am

Member to Member

The following transactions member to member subsequently reported on Saturday (July 04, 2015).

Published 05 Jul, 2015 12:00am

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Saturday (July 04, 2015).

Published 05 Jul, 2015 12:00am

Currency

THE RUPEE: modest rise

Firmness prevailed on the money market on Saturday as the rupee managed to recover modestly versus the dollar in the process of trading, dealers said.

Published 05 Jul, 2015 12:00am

Currency

THE RUPEE: modest rise

Firmness prevailed on the money market on Saturday as the rupee managed to recover modestly versus the dollar in the process of trading, dealers said.

Published 05 Jul, 2015 12:00am

Kerb

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (July 04, 2015).

Published 05 Jul, 2015 12:00am

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (July 04, 2015).

Published 05 Jul, 2015 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 04, 2015).

Published 05 Jul, 2015 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 04, 2015).

Published 05 Jul, 2015 12:00am

Cotton

Grain market rates

Karachi grain market rates in rupees on Saturday (July 04, 2015).

Published 05 Jul, 2015 12:00am

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 04, 2015).

Published 05 Jul, 2015 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (July 04, 2015).

Published 05 Jul, 2015 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (July 04, 2015)

Published 05 Jul, 2015 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (July 04, 2015).

Published 05 Jul, 2015 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (July 04, 2015).

Published 05 Jul, 2015 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (July 04, 2015).

Published 05 Jul, 2015 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (July 04, 2015).

Published 05 Jul, 2015 12:00am

Easy Exit Scheme: Companies must declare non-involvement in real estate deals: SECP

The companies that intend to avail the Easy Exit Scheme of the Securities and Exchange Commission of Pakistan (SECP) would have to declare that the company has not undertaken any business of housing, real estate development or real estate marketing since

Published 05 Jul, 2015 12:00am

'Scores' killed by Nigeria female suicide bombers

Several female suicide bombers in north-east Nigeria blew themselves up amid panicked villagers fleeing a Boko Haram attack, killing scores, the army and witnesses said Saturday. The latest carnage in series of attacks that have claimed more than 200 live

Published 05 Jul, 2015 12:00am

'Scores' killed by Nigeria female suicide bombers

Several female suicide bombers in north-east Nigeria blew themselves up amid panicked villagers fleeing a Boko Haram attack, killing scores, the army and witnesses said Saturday. The latest carnage in series of attacks that have claimed more than 200 live

Published 05 Jul, 2015 12:00am

After Sindh NAB initiates action against land mafia in Punjab

The National Accountability Bureau (NAB) has initiated an action against the land mafia in Punjab like it had initiated in Sindh earlier. LDA has handed over the record of seven big housing schemes to the NAB as it demanded. The owners of these housing sc

Published 05 Jul, 2015 12:00am

After Sindh NAB initiates action against land mafia in Punjab

The National Accountability Bureau (NAB) has initiated an action against the land mafia in Punjab like it had initiated in Sindh earlier. LDA has handed over the record of seven big housing schemes to the NAB as it demanded. The owners of these housing sc

Published 05 Jul, 2015 12:00am

Airbus and Mahindra to make military choppers in India

European aerospace giant Airbus and India's Mahindra group have inked a deal to jointly build helicopters as the Indian government moves to upgrade the country's ageing military hardware, the companies said. The joint venture will be set up in the coming

Published 05 Jul, 2015 12:00am

Airbus and Mahindra to make military choppers in India

European aerospace giant Airbus and India's Mahindra group have inked a deal to jointly build helicopters as the Indian government moves to upgrade the country's ageing military hardware, the companies said. The joint venture will be set up in the coming

Published 05 Jul, 2015 12:00am

Japan pledges $6.1 billion aid to ''Mekong Five'' in bid for influence

Japan on Saturday pledged $6.1 billion in financial aid to the "Mekong Five" countries as it pushes infrastructure exports and courts influence in a region where rival China has an increasing presence. Prime Minister Shinzo Abe unveiled the pledge at a su

Published 05 Jul, 2015 12:00am

Japan pledges $6.1 billion aid to 'Mekong Five' in bid for influence

Japan on Saturday pledged $6.1 billion in financial aid to the "Mekong Five" countries as it pushes infrastructure exports and courts influence in a region where rival China has an increasing presence. Prime Minister Shinzo Abe unveiled the pledge at a su

Published 05 Jul, 2015 12:00am

Japan pledges $6.1 billion aid to 'Mekong Five' in bid for influence

Japan on Saturday pledged $6.1 billion in financial aid to the "Mekong Five" countries as it pushes infrastructure exports and courts influence in a region where rival China has an increasing presence. Prime Minister Shinzo Abe unveiled the pledge at a su

Published 05 Jul, 2015 12:00am

Vajpayee felt Gujarat riots were a 'mistake'

Former Indian prime minister Atal Bihari Vajpayee felt that the 2002 Gujarat riots had a bearing on the BJP's defeat in 2004 Lok Sabha polls, a book by former RAW chief A S Dulat has claimed. Congress latched on to Dulat's claims on Gujarat riots as well

Published 05 Jul, 2015 12:00am

Vajpayee felt Gujarat riots were a 'mistake'

Former Indian prime minister Atal Bihari Vajpayee felt that the 2002 Gujarat riots had a bearing on the BJP's defeat in 2004 Lok Sabha polls, a book by former RAW chief A S Dulat has claimed. Congress latched on to Dulat's claims on Gujarat riots as well

Published 05 Jul, 2015 12:00am

Edible items'' prices register increase

Prices of entire range of vegetables, beef and mutton registered increase last week as compared to the preceding week, reveals a survey conducted by Business Recorder here on Saturday. The survey observed that the butchers have increased the price

Published 05 Jul, 2015 12:00am

Edible items' prices register increase

Prices of entire range of vegetables, beef and mutton registered increase last week as compared to the preceding week, reveals a survey conducted by Business Recorder here on Saturday. The survey observed that the butchers have increased the price

Published 05 Jul, 2015 12:00am

Edible items' prices register increase

Prices of entire range of vegetables, beef and mutton registered increase last week as compared to the preceding week, reveals a survey conducted by Business Recorder here on Saturday. The survey observed that the butchers have increased the price

Published 05 Jul, 2015 12:00am

'NAP acknowledged by international organisations'

Spokesperson of the Ministry of Interior in a statement issued here on Saturday said that NAP is a national agenda and not the responsibility of a single department or ministry. The spokesperson said as a result of the NAP, terrorist activities in the cou

Published 05 Jul, 2015 12:00am

'NAP acknowledged by international organisations'

Spokesperson of the Ministry of Interior in a statement issued here on Saturday said that NAP is a national agenda and not the responsibility of a single department or ministry. The spokesperson said as a result of the NAP, terrorist activities in the cou

Published 05 Jul, 2015 12:00am

Musharraf challenges non-bailable warrants

Former President General Pervez Musharraf (Retd) challenged non-bailable arrest warrants issued by an additional district and session judge in murder case of Lal Masjid cleric Abdul Rashid Ghazi in Islamabad High Court (IHC) on Saturday. On June 19, Judge

Published 05 Jul, 2015 12:00am

Musharraf challenges non-bailable warrants

Former President General Pervez Musharraf (Retd) challenged non-bailable arrest warrants issued by an additional district and session judge in murder case of Lal Masjid cleric Abdul Rashid Ghazi in Islamabad High Court (IHC) on Saturday. On June 19, Judge

Published 05 Jul, 2015 12:00am

Hydel power charges: traders slam proposed increase

The business community of South Punjab has sharply reacted on the proposed increase in hydel power charges by 117 percent describing it detrimental to country's industry and manufacturing sector. President of Multan Chamber of Commerce and Industry (MCCI)

Published 05 Jul, 2015 12:00am

Al-Khair Foundation to install 40 RO plants

A 4 member delegation of Al-Khair Foundation, UK called on Sindh Chief Minister Syed Qaim Ali Shah and offered to install 40 Reverse Osmoses (RO) plants in Karachi to fill the water-shortage gap in the metropolis. CEO of Al-Khair Foundation Imam Qasim req

Published 05 Jul, 2015 12:00am

Salaries, pensions of KMC staff Disbursed

The salaries of the staff of the Karachi Metropolitan Corporation (KMC) as well as the pensions to retirees had been disbursed. This was announced by Administrator Karachi, Roshan Ali Shaikh on Saturday while addressing departmental heads at Civic Centre.

Published 05 Jul, 2015 12:00am

QWP prepares draft for joining KP government

The Qaumi Watan Party (QWP) has prepared a draft for joining the Khyber Pakhtunkhwa government. Aftab Ahmed Khan Sherpao-led QWP has outlined a twelve-point agreement seeking guarantees from the provincial government if his party is to rejoin the PTI-led

Published 05 Jul, 2015 12:00am

McCain denounces US troop withdrawal plan in Afghanistan

Influential Senator John McCain said Saturday the complete withdrawal of US troops from Afghanistan by the end of 2016 would be a "serious mistake", as stretched local forces battle a resurgent Taliban. "I think the most serious mistake the US could make.

Published 05 Jul, 2015 12:00am

McCain denounces US troop withdrawal plan in Afghanistan

Influential Senator John McCain said Saturday the complete withdrawal of US troops from Afghanistan by the end of 2016 would be a "serious mistake", as stretched local forces battle a resurgent Taliban. "I think the most serious mistake the US could make.

Published 05 Jul, 2015 12:00am

Afghan parliament rejects Ghani choice for defence post

Afghanistan's parliament on Saturday rejected President Ashraf Ghani's nominee for defence ministry, a crucial post that has sat vacant for months as stretched security forces fight to secure territory from a revitalised Taliban. In late May, the presiden

Published 05 Jul, 2015 12:00am

Afghan parliament rejects Ghani choice for defence post

Afghanistan's parliament on Saturday rejected President Ashraf Ghani's nominee for defence ministry, a crucial post that has sat vacant for months as stretched security forces fight to secure territory from a revitalised Taliban. In late May, the presiden

Published 05 Jul, 2015 12:00am

Finance Act 2015: Companies liable to pay min tax on revenue earned from services

From July 1, 2015, the companies who are filers will be liable to pay minimum tax on the revenue earned from services rendered or provided to persons, who are withholding agents under section 153 at the rate of 8 percent of the revenue whereas in case of

Published 05 Jul, 2015 12:00am

Finance Act 2015: Companies liable to pay min tax on revenue earned from services

From July 1, 2015, the companies who are filers will be liable to pay minimum tax on the revenue earned from services rendered or provided to persons, who are withholding agents under section 153 at the rate of 8 percent of the revenue whereas in case of

Published 05 Jul, 2015 12:00am

Finance Act 2015: Companies liable to pay min tax on revenue earned from services

From July 1, 2015, the companies who are filers will be liable to pay minimum tax on the revenue earned from services rendered or provided to persons, who are withholding agents under section 153 at the rate of 8 percent of the revenue whereas in case of

Published 05 Jul, 2015 12:00am

Prime Minister for completing Quaid Solar Power Project by April 2016

Prime Minister Nawaz Sharif has directed the authorities that Quaid-e-Azam Solar Power Project (QASPP) should be completed by April 2016, to enable the country to meet energy shortage at the earliest. PM Nawaz Sharif expressed views while chairing a meeti

Published 05 Jul, 2015 12:00am

Ministry for minimal use of ACs in next two days

Due to two days hot weather forecast by the Met Department, the Ministry of Water and Power has advised the electricity consumers across the country to adopt electricity conservation measures and specially minimise usage of Air Conditioners to avoid force

Published 05 Jul, 2015 12:00am

Ministry for minimal use of ACs in next two days

Due to two days hot weather forecast by the Met Department, the Ministry of Water and Power has advised the electricity consumers across the country to adopt electricity conservation measures and specially minimise usage of Air Conditioners to avoid force

Published 05 Jul, 2015 12:00am

NTDC enhances transmission capacity: Abid

The National Transmission and Despatch Company (NTDC) has enhanced its transmission capacity by 6,120 minimum vectoring altitude at a cost of Rs 29,045 million by completing its projects during 2013-15. Minister of State for Water and Power Abid Sher Ali,

Published 05 Jul, 2015 12:00am

NTDC enhances transmission capacity: Abid

The National Transmission and Despatch Company (NTDC) has enhanced its transmission capacity by 6,120 minimum vectoring altitude at a cost of Rs 29,045 million by completing its projects during 2013-15. Minister of State for Water and Power Abid Sher Ali,

Published 05 Jul, 2015 12:00am

NTDC enhances transmission capacity: Abid

The National Transmission and Despatch Company (NTDC) has enhanced its transmission capacity by 6,120 minimum vectoring altitude at a cost of Rs 29,045 million by completing its projects during 2013-15. Minister of State for Water and Power Abid Sher Ali,

Published 05 Jul, 2015 12:00am

Prime Minister for completing Quaid Solar Power Project by April 2016

Prime Minister Nawaz Sharif has directed the authorities that Quaid-e-Azam Solar Power Project (QASPP) should be completed by April 2016, to enable the country to meet energy shortage at the earliest. PM Nawaz Sharif expressed views while chairing a meeti

Published 05 Jul, 2015 12:00am

Prime Minister for completing Quaid Solar Power Project by April 2016

Prime Minister Nawaz Sharif has directed the authorities that Quaid-e-Azam Solar Power Project (QASPP) should be completed by April 2016, to enable the country to meet energy shortage at the earliest. PM Nawaz Sharif expressed views while chairing a meeti

Published 05 Jul, 2015 12:00am

The Weather

The weather forecast is not being published as the Met Office did not update its Website on Saturday.

Published 05 Jul, 2015 12:00am

Currency

YOUR RUPEE LAST MONTH

Following currency fluctuations took place in foreign exchange rates during the last month. (June 1 to 30, 2015)

Published 05 Jul, 2015 12:00am

Currency	Rate
USD PKR Interbank Selling / Jan 30	279.17
USD PKR Interbank Buying / Jan 30	278.97
USD to Japanese Yen / Jan 30	154.32
USD to Swiss Franc / Jan 30	0.91
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.04

Stock	Volume
S&P 500 / Jan 30	6,071.17
India Sensex / Jan 30	76,759.81
Tokyo Nikkei / Jan 30	39,513.97
Nasdaq / Jan 30	19,681.75
Hang Seng / Jan 30	20,225.11
FTSE 100 / Jan 30	8,646.88
Dow Jones / Jan 30	44,882.13
Germany DAX 30 / Jan 30	21,727.20

Item	Value
Crude Oil USD/Barrel / Jan 30	72.99
Karachi Cotton PKR/37.32 KG / Jan 30	18,285
Gold 10 Grams PKR / Jan 30	248,885
Gold Spot USD/Ounce / Jan 30	2,849.50
Cotton US¢/pound / Jan 30	66.27
Petrol/Litre / Jan 31	256.13

Stock	Price
Chenab Ltd / Jan 30 Chenab Limited(CHBL)	9.08 ▲ 1 (12.38%)
Kohinoor Ind. / Jan 30 Kohinoor Industries Limited(KOIL)	9.26 ▲ 1 (12.11%)
PICIC Ins.Ltd. / Jan 30 PICIC Insurance Limited(PIL)	2.52 ▲ 0.23 (10.04%)
Redco Textile / Jan 30 Redco Textiles Limited(REDCO)	21.97 ▲ 2 (10.02%)
Sana Ind / Jan 30 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
I.C.C. Ind. / Jan 30 ICC Industries Limited(ICCI)	14.29 ▲ 1.3 (10.01%)
Ashfaq Textile / Jan 30 Ashfaq Textile Mills Limited(ASHT)	17.48 ▲ 1.59 (10.01%)
Ahmad Hassan / Jan 30 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Atlas Honda Ltd / Jan 30 Atlas Honda Limited(ATLH)	873.29 ▲ 79.39 (10%)

Stock	Price
Tariq Corp.Pref. / Jan 30 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.91 ▼ -0.97 (-12.31%)
First Capital Equities / Jan 30 First Capital Equities Limited(FCEL)	5.21 ▼ -0.68 (-11.54%)
National Silk / Jan 30 The National Silk & Rayon Mills Limited(NSRM)	45.35 ▼ -5.04 (-10%)
Blue-Ex Ltd / Jan 30 Blue-Ex Limited (GEM)(GEMBLUEX)	55.40 ▼ -6.15 (-9.99%)
Kohat Textile / Jan 30 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Hussain Industries / Jan 30 Husein Industries Limited(HUSI)	26.41 ▼ -2.45 (-8.49%)
Trust Sec.& Brok. / Jan 30 Trust Securities & Brokerage Limited(TSBL)	13.60 ▼ -1.14 (-7.73%)
JS Investments / Jan 30 JS Investments Limited(JSIL)	21.02 ▼ -1.74 (-7.64%)
Universal Ins. / Jan 30 The Universal Insurance Company Limited(UVIC)	9.13 ▼ -0.67 (-6.84%)

Stock	Volume
Sui South Gas / Jan 30 Sui Southern Gas Company Limited(SSGC)	48,078,930 ▲ 2.48
Waves Home Appliances / Jan 30 Waves Home Appliances Limited(WAVESAPP)	33,126,010 ▲ 1.16
Bank Makramah / Jan 30 Bank Makramah Limited(BML)	31,438,642 ▲ 0.23
Cnergyico PK / Jan 30 Cnergyico PK Limited(CNERGY)	31,197,761 ▲ 0.13
K-Electric Ltd. / Jan 30 K-Electric Limited(KEL)	29,670,310 ▲ 0.13
Citi Pharma Ltd / Jan 30 Citi Pharma Ltd.(CPHL)	25,413,292 ▲ 2.73
Dewan Motors / Jan 30 Dewan Farooque Motors Limited(DFML)	24,726,221 ▼ -1.63
WorldCall Telecom / Jan 30 Worldcall Telecom Limited(WTL)	20,794,723 ▲ 0.02
Fauji Cement / Jan 30 Fauji Cement Company Limited(FCCL)	13,308,955 ▲ 0.1

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