News Archives for Print - 2015-08-27

Deadly clashes hit Modi's home state

At least six people have died in the worst violence to hit Narendra Modi's home state in more than a decade, police said Wednesday, as the Indian prime minister appealed for calm. Authorities in western Gujarat state said the army had been deployed to try

Published 27 Aug, 2015 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (August 26, 2015)

Published 27 Aug, 2015 12:00am

Mark Siegel: ATC issues notice to ministry

An anti terrorism court (ATC) of Rawalpindi on Wednesday issued show cause notice to the ministry of foreign affairs for its failure to ensure that Mark Siegel records his statement in the Benazir Bhutto murder case. Siegel, an important witness against G

Published 27 Aug, 2015 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (August 26, 2015)

Published 27 Aug, 2015 12:00am

Government decides to revise convention of double taxation

Pakistan has decided to revise obsolete convention of double taxation and provision of fiscal evasion convention with the United State of America (USA) aimed at bringing the treaty at par with neighbouring countries, well informed sources told Business

Published 27 Aug, 2015 12:00am

Mutual Funds
Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (August 26, 2015)

Published 27 Aug, 2015 12:00am

Government decides to revise convention of double taxation

Pakistan has decided to revise obsolete convention of double taxation and provision of fiscal evasion convention with the United State of America (USA) aimed at bringing the treaty at par with neighbouring countries, well informed sources told Business
Published 27 Aug, 2015 12:00am

Member to Member

The following transactions member to member subsequently reported on Wednesday (August 26, 2015).

Published 27 Aug, 2015 12:00am

Government decides to revise convention of double taxation

Pakistan has decided to revise obsolete convention of double taxation and provision of fiscal evasion convention with the United State of America (USA) aimed at bringing the treaty at par with neighbouring countries, well informed sources told Business
Published 27 Aug, 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 Wednesday (August 26, 2015).

Published 27 Aug, 2015 12:00am

Deadly clashes hit Modi's home state

At least six people have died in the worst violence to hit Narendra Modi's home state in more than a decade, police said Wednesday, as the Indian prime minister appealed for calm. Authorities in western Gujarat state said the army had been deployed to try
Published 27 Aug, 2015 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (August 26, 2015).

Published 27 Aug, 2015 12:00am

Mark Siegel: ATC issues notice to ministry

An anti terrorism court (ATC) of Rawalpindi on Wednesday issued show cause notice to the ministry of foreign affairs for its failure to ensure that Mark Siegel records his statement in the Benazir Bhutto murder case. Siegel, an important witness against G
Published 27 Aug, 2015 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (August 26, 2015).

Published 27 Aug, 2015 12:00am

Gas theft

Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbassi while briefing the National Assembly Standing Committee made an extremely disturbing observation: since 2011 the locals of district Kohat and Karak (Khyber Pakhtunkhwa) have been s
Published 27 Aug, 2015 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (August 26, 2015).

Published 27 Aug, 2015 12:00am

The endgame scenario

Having fled military Operation Zarb-e-Azb the militants, both local and foreigner, took refuge in the high altitude Shawal Valley of North Waziristan. Thick forest, treacherous terrain and deep ravines it has everything they needed to remain in business o
Published 27 Aug, 2015 12:00am

Currency
THE RUPEE: modest recovery

The rupee started recovering against the dollar on the money market on Wednesday in the process of trading, dealers said.
Published 27 Aug, 2015 12:00am

VIEW POINT: ECP in the dock

Losing its second most important wicket - that of National Assembly Speaker Ayaz Sadiq - to PTI's Kaptaan himself, the Nawaz League does not seem to know how to handle the NA-122 election tribunal verdict. At first, the party said despite some reservation
Published 27 Aug, 2015 12:00am

Currency
THE RUPEE: modest recovery

The rupee started recovering against the dollar on the money market on Wednesday in the process of trading, dealers said.
Published 27 Aug, 2015 12:00am

Implementing the US-imposed sanctions: A review of the compliance system in action

Enforcement of economic and trade sanctions is usually based on a country's foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to
Published 27 Aug, 2015 12:00am

Kerb
Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Wednesday (August 26, 2015).

Published 27 Aug, 2015 12:00am

Divided Europe faces mounting migrant crisis

Faced with its worst migrant crisis since World War II, Europe has many sensible options to deal with people fleeing conflict in Syria and elsewhere - but can't agree on any of them. The situation has accelerated over the summer with a new stream of migra
Published 27 Aug, 2015 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Wednesday (August 26, 2015).

Published 27 Aug, 2015 12:00am

Clearing Schedule for T+2 System

Karachi Stock Exchange's Clearing Schedule for T+2 System.

Published 27 Aug, 2015 12:00am

LG polls in Sindh, Punjab: ECP announces first phase schedule

The Election Commission of Pakistan (ECP) announced on Wednesday to hold the first phase of long-delayed local government (LG) polls in Sindh and Punjab on October 31. Announcing the schedule for the LG polls, ECP said that in the first phase elections wi
Published 27 Aug, 2015 12:00am

EFU GUARANTEED GROWTH FUND RATES

EFU Guaranteed Growth Fund Rates on Wednesday (August 26, 2015).

Published 27 Aug, 2015 12:00am

Pension system: NBP began automation in 2012: President

President National Bank of Pakistan (NBP) Syed Ahmed Iqbal Ashraf informed the Public Accounts Committee (PAC) that the words "ghost pensioners" being used in media reports were incorrect and that those were never mentioned by NBP officials. The meeting o
Published 27 Aug, 2015 12:00am

EFU TAKAFUL GROWTH FUND RATES

EFU Takaful Growth Fund Rates on Wednesday (August 26, 2015).

Published 27 Aug, 2015 12:00am

Pension system: NBP began automation in 2012: President

President National Bank of Pakistan (NBP) Syed Ahmed Iqbal Ashraf informed the Public Accounts Committee (PAC) that the words "ghost pensioners" being used in media reports were incorrect and that those were never mentioned by NBP officials. The meeting o
Published 27 Aug, 2015 12:00am

EFU TAKAFUL GROWTH FUND RATES

EFU Takaful Growth Fund Rates on Wednesday (August 26, 2015).

Published 27 Aug, 2015 12:00am

Pension system: NBP began automation in 2012: President

President National Bank of Pakistan (NBP) Syed Ahmed Iqbal Ashraf informed the Public Accounts Committee (PAC) that the words "ghost pensioners" being used in media reports were incorrect and that those were never mentioned by NBP officials. The meeting o
Published 27 Aug, 2015 12:00am

EFU TAKAFUL GROWTH FUND RATES

EFU Takaful Growth Fund Rates on Wednesday (August 26, 2015).

Published 27 Aug, 2015 12:00am

Altaf summoned: UK starts money laundering trial?

The proceedings of a highly anticipated money laundering case kicked off here in London with a magistrate issuing summons for Muttahida Qaumi Movement (MQM) chief Altaf Hussain along with other suspects. Hussain, was arrested in April on suspicion of mone
Published 27 Aug, 2015 12:00am

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed on the stock exchanges.

Published 27 Aug, 2015 12:00am

Altaf summoned: UK starts money laundering trial?

The proceedings of a highly anticipated money laundering case kicked off here in London with a magistrate issuing summons for Muttahida Qaumi Movement (MQM) chief Altaf Hussain along with other suspects. Hussain, was arrested in April on suspicion of mone
Published 27 Aug, 2015 12:00am

EFU GUARANTEED GROWTH FUND RATES

EFU Guaranteed Growth Fund Rates on Wednesday (August 26, 2015).

Published 27 Aug, 2015 12:00am

India buys Pakistan oil

India's oil imports in July rose nearly 12 percent from a year earlier to about 4.12 million barrels per day (bpd), with the country shipping in its first cargo of oil of Pakistan origin, tanker arrival data obtained from sources and compiled by Thomson R
Published 27 Aug, 2015 12:00am

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 27 Aug, 2015 12:00am

India buys Pakistan oil

India's oil imports in July rose nearly 12 percent from a year earlier to about 4.12 million barrels per day (bpd), with the country shipping in its first cargo of oil of Pakistan origin, tanker arrival data obtained from sources and compiled by Thomson R
Published 27 Aug, 2015 12:00am

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 27 Aug, 2015 12:00am

India buys Pakistan oil

India''s oil imports in July rose nearly 12 percent from a year earlier to about 4.12 million barrels per day (bpd), with the country shipping in its first cargo of oil of Pakistan origin, tanker arrival data obtained from sources and compiled by Thomson
Published 27 Aug, 2015 12:00am

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Aug, 2015 12:00am

Two US journalists killed during live TV broadcast

Two journalists for a local CBS affiliate in Virginia were shot dead Wednesday during a live broadcast, with chilling television footage capturing a fuzzy image of the gunman, who was still at large. WDBJ reporter Alison Parker, 24, and cameraman Adam War
Published 27 Aug, 2015 12:00am

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices on Wednesday (August 26, 2015).

Published 27 Aug, 2015 12:00am

Two US journalists killed during live TV broadcast

Two journalists for a local CBS affiliate in Virginia were shot dead Wednesday during a live broadcast, with chilling television footage capturing a fuzzy image of the gunman, who was still at large. WDBJ reporter Alison Parker, 24, and cameraman Adam War
Published 27 Aug, 2015 12:00am

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

National Clearing Company declares daily settlement information for local & foreign investors on Wednesday (August 26, 2015).
Published 27 Aug, 2015 12:00am

Three-month extension to TRC approved by Dar

Finance Minister Senator Mohammad Ishaq Dar here on Wednesday approved three- month extension (up to 15th November 2015) to the Tax Reforms Commission (TRC) to complete its task. Special Assistant to Prime Minister on Revenue Haroon Akhtar was also presen
Published 27 Aug, 2015 12:00am

Japan downgrades consumer spending, exports

Japan's government lowered its assessment of consumer spending and exports in August, a worrying sign that the economy is seeing just a tepid recovery from a contraction in the April-June quarter. The government stood by its assessment that Japan's econom
Published 27 Aug, 2015 12:00am

Monsanto drops pursuit of Syngenta

US agribusiness leader Monsanto Co on Wednesday abandoned efforts to acquire Swiss rival Syngenta AG, which has rejected a recently sweetened offer. Syngenta shares fell more than 18 percent after the announcement while Monsanto shares jumped more than 7
Published 27 Aug, 2015 12:00am

September rate hike 'less compelling': Fed's Dudley

A top Federal Reserve official said Wednesday that the economic turmoil in China has eroded the argument for raising interest rates in September. The need to begin normalizing monetary policy next month "seems less compelling to me than just a few weeks a
Published 27 Aug, 2015 12:00am

Strong US capital spending plans boost growth outlook

A gauge of US business investment plans recorded its largest increase in just over a year in July, suggesting the United States was in good shape to withstand growing strains in the global economy. The Commerce Department said on Wednesday non-defense cap
Published 27 Aug, 2015 12:00am

Danish tax agency possible victim of billion-dollar scam

Denmark's tax authority said Wednesday it had alerted police after foreign companies appeared to have drained 804 million euros from the system in what would be the country's biggest-ever tax fraud. "Over the summer we became suspicious after receiving in
Published 27 Aug, 2015 12:00am

British housing, retail surveys point to strong growth

Mortgage approvals in Britain rose to a 17-month high in July and retail sales growth unexpectedly accelerated in August, according to surveys that suggested consumers will continue to drive the economy through the second half of the year. British banks a
Published 27 Aug, 2015 12:00am

Top Asian refiner Sinopec's net profits slip

China's Sinopec Corp, Asia's largest refiner, posted a 22 percent fall in first-half profit on a sharp decline in international crude prices that hit upstream earnings. The state-controlled company's net profit was 25.4 billion yuan ($3.96 billion), compa
Published 27 Aug, 2015 12:00am

US 'deficit hawks' keep up fight despite fading interest

As the US government's budget deficit has declined, so has anxiety about it in Congress and on the presidential campaign trail, but one family and the Washington "deficit hawk" community it bankrolls are unfazed. Among the capital's many activists, few na
Published 27 Aug, 2015 12:00am

Irish unemployment falls to fresh six-year low

Ireland's unemployment rate fell to a six-year low of 9.5 percent in June and emigration slowed sharply in a boost for the government ahead of elections due next year, data showed on Wednesday. Employment has grown strongly in Ireland since the jobless ra
Published 27 Aug, 2015 12:00am

Air New Zealand posts record annual profit

Air New Zealand on Wednesday unveiled a record annual net profit and predicted "significant" earnings growth in the current financial year. Chief executive Christopher Luxon said the NZ$327 million ($212 million) result, up 24.3 percent on the previous ye
Published 27 Aug, 2015 12:00am

Kurds take 10 villages from Islamic State in north Iraq

Kurdish forces backed by US-led coalition airstrikes drove Islamic State militants out of 10 villages in Iraq's Kirkuk province on Wednesday in an offensive to secure their territory to the north, Kurdish military sources said. The assault began at dawn i
Published 27 Aug, 2015 12:00am

Syrian rebel commander killed in Turkey car bomb

A commander of a Syrian rebel group fighting the regime of President Bashar al-Assad was killed Wednesday in a car bomb attack in southern Turkey, local officials said. Jamil Raadoun died of his wounds in hospital after the bomb exploded outside his home
Published 27 Aug, 2015 12:00am

US urges Maldives to free jailed ex-leader

The United States pressed the Maldives Wednesday to release former leader Mohamed Nasheed after he was returned to prison despite an order commuting his 13-year term to house arrest. US assistant secretary for South Asia Nisha Biswal said Washington was c
Published 27 Aug, 2015 12:00am

At least 44 dead in migrant tragedies off Libya coast

At least 44 people were found dead on Wednesday on three overcrowded migrant boats found drifting precariously off the coast of Libya. The bulk of the victims were found in the hold of a wooden boat which was intercepted by the Swedish coastguard vessel t
Published 27 Aug, 2015 12:00am

Governments must do 'much more' to end migrant crisis: UN chief

UN Secretary General Ban Ki-moon urged countries to show compassion and do "much more" to end the escalating migration crisis. He said during a visit to Paris that the hundreds of thousands of migrants and refugees fleeing to Europe "carry out perilous jo
Published 27 Aug, 2015 12:00am

Israel frees hundreds more African migrants

Israel released a second group of around 600 African migrants from a desert detention centre on Wednesday after a court order, the prison authorities said. The supreme court this month ordered Israel to free illegal migrants held for more than a year at t
Published 27 Aug, 2015 12:00am

Two Russian soldiers jailed for killing Tajik taxi driver

A Russian military court in Tajikistan on Wednesday sentenced two soldiers from Moscow's largest foreign military base to lengthy prison terms for murdering a local taxi driver. Fyodor Basimov and Ildar Sakhapov, both 24, were stationed at Russia's 201st
Published 27 Aug, 2015 12:00am

US sees new chance for Sri Lanka reconciliation

The United States said on Wednesday it saw a new opportunity for reconciliation in Sri Lanka and a coming to terms with the legacy of 26 years of civil war. Sri Lankan forces battled the Liberation Tigers of Tamil Eelam in a war that the government won in
Published 27 Aug, 2015 12:00am

South Sudan signs peace deal, but with reservations

South Sudan President Salva Kiir signed a peace accord Wednesday to end 20 months of civil war, but also issued a list of "serious reservations" warning the deal might not last. The signing ceremony, held in the capital Juba in the presence of regional le
Published 27 Aug, 2015 12:00am

Saudi Arabia holding main suspect in 1996 Khobar Towers bombing

The main suspect in the 1996 bombing of the Khobar Towers residence at a US military base in Saudi Arabia has been captured after nearly 20 years on the run, a Saudi-owned newspaper reported on Wednesday. Asharq al-Awsat said Ahmed al-Mughassil, leader of
Published 27 Aug, 2015 12:00am

Al Qaeda blows up Yemen army HQ in stronghold city

Al Qaeda militants on Wednesday blew up an army headquarters and set up checkpoints in the jihadist network's southeastern stronghold of Mukalla, officials in Hadramawt province said. The militants had deployed in force across Mukalla after receiving info
Published 27 Aug, 2015 12:00am

French woman wins disability grant for 'gadget allergy'

A French court has awarded a disability grant to a woman claiming to suffer from a debilitating allergy to electromagnetic radiation from everyday gadgets such as cellphones. The applicant, Marine Richard, 39, hailed the ruling as a "breakthrough" for peo
Published 27 Aug, 2015 12:00am

Russia, Nato need new rules to cut risk of war: former ministers

Russia and Nato must agree common rules to handle unexpected military encounters to reduce the risk of inadvertently triggering a war between Moscow and the West, a group of former foreign and defence ministers said on Wednesday. With both Russia and Nato
Published 27 Aug, 2015 12:00am

Cotton
Lean business on grain market

Slow business activity was seen on the local grain market on Wednesday in the process of trading, dealers said. On the cereals side, Moong Punjab lost Rs 2250 to Rs 8500, Moong Afghan, however, gained Rs 1750 to Rs 10750, wheat new Bardan picked up Rs 25
Published 27 Aug, 2015 12:00am

Canadian canola mostly falls

ICE Canadian canola mostly dipped on Tuesday, as the nearby contract weakened in spread trading. A trader said investors may have sold November canola and bought soyoil and soymeal contracts, as canola had become pricey compared to the rival commodities.
Published 27 Aug, 2015 12:00am

Cotton
Cotton market: prices stabilise as growers stop selling

Rates maintained firm trend on the cotton market on Wednesday as growers stopped selling at current prices on expectations of increase in prices in the near future, dealers said. The official spot rate was unchanged at Rs 4,500, dealers said. Seed cotton
Published 27 Aug, 2015 12:00am

Cotton
Oil cake market rates

The December vaida was lower on the forward cottonseeds oilcake market on Wednesday in the process of trading, dealers said. The December vaida closed at Rs 1303.30, it shed 30 paisa at Rs 1303.00 in the early session, dealers said.
Published 27 Aug, 2015 12:00am

Karachi Port's activities

The Karachi Port handled 114,131 tonnes of cargo comprising 75,885 tonnes of import cargo and 38,246 tonnes of export cargo including 6,789 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 7
Published 27 Aug, 2015 12:00am

EU wheat prices edge higher after 11-month low

European wheat prices edged higher on Tuesday after hitting an 11-month low in the previous session but gains were capped in late trade by weak US markets, traders said. A fall of the euro against the dollar helped European wheat remain in positive territ
Published 27 Aug, 2015 12:00am

Currency
Russian farmers reduce wheat sales due to volatile rouble

Russian farmers have reduced their wheat sales in recent days due to uncertainty caused by the volatile rouble, traders said on Tuesday. The local currency in Russia, one of the world's key wheat exporters to North Africa and the Middle East, has been hit
Published 27 Aug, 2015 12:00am

US FOB Gulf soyabean offers steady on export demand

Soyabean export premiums at the US Gulf Coast were steady on Tuesday amid slow farmer selling and firm demand for oilseeds, traders said. Private exporters struck deals to sell 210,000 tonnes of US soyabeans to unknown destinations for delivery during the
Published 27 Aug, 2015 12:00am

Sticky tribunal pitch: government loses third wicket

The Election Tribunal headed by former Justice Rana Zahid Mehmood has ordered re-election in NA-154, accepting the election petition of Jehangir Khan Tareen. The tribunal announced its judgement at 04.00pm. PTI activists celebrated their success and PML-N
Published 27 Aug, 2015 12:00am

Asian naphtha crack falls to 1-1/2 month low

Asia's naphtha crack fell to a 1-1/2 month low of $62.13 a tonne on Tuesday as slow demand and concerns over lower economic growth in Asia top petrochemical importer China dragged. South Korea's YNCC bought two cargoes of naphtha, a feedstock for petroche
Published 27 Aug, 2015 12:00am

Sticky tribunal pitch: government loses third wicket

The Election Tribunal headed by former Justice Rana Zahid Mehmood has ordered re-election in NA-154, accepting the election petition of Jehangir Khan Tareen. The tribunal announced its judgement at 04.00pm. PTI activists celebrated their success and PML-N
Published 27 Aug, 2015 12:00am

Vegetable Oil
European vegoils prices tumble on Chinese economy woes

European vegetable oil prices slid on Monday, as anxiety over a slowdown in the Chinese economy triggered a sharp sell-off across commodity markets. Asking prices for rapeseed oil were cut by up to 28 euros. The September/October position last traded at 6
Published 27 Aug, 2015 12:00am

ECP members: PPP lends support to PTI

Pakistan Tehreek-e-Insaf (PTI) finally geared up the efforts to remove the controversial members of Election Commission of Pakistan (ECP). A committee headed by Shah Mehmood Qureshi to muster support of all the political parties, including the ruling Paki
Published 27 Aug, 2015 12:00am

Daily trading report of PMEX

On Tuesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 11,598 million. The number of lots traded was 5.63 million. PMEX Commodity Index closed at 2,448. Major business was contributed by gold amounting to PKR 9,271 million followed by cr
Published 27 Aug, 2015 12:00am

ECP members: PPP lends support to PTI

Pakistan Tehreek-e-Insaf (PTI) finally geared up the efforts to remove the controversial members of Election Commission of Pakistan (ECP). A committee headed by Shah Mehmood Qureshi to muster support of all the political parties, including the ruling Paki
Published 27 Aug, 2015 12:00am

Karachi Stock Exchange - a look at the past five years

The Karachi Stock Exchange has been counted among the top performing exchanges in the world in each year since 2012. According to data compiled by CNN Money, the Pakistan equity market is the nineteenth best this year, boasting a return north of 10% in th
Published 27 Aug, 2015 12:00am

Reference filed: SJC urged to take action against ECP members

The Supreme Judicial Council (SJC) of the apex court was urged on Wednesday to take action against members of Election Commission of Pakistan (ECP) over failing to perform their constitutional responsibilities during general election 2013. Filing a refere
Published 27 Aug, 2015 12:00am

Mutual Funds
'Sustained rally of capital markets is supported by macroeconomic improvements' An interview with Muhammad Lukman CEO, NCCPL

Stock indices have witnessed boom periods in previous eras as well. However, this time the sustained rally of domestic capital markets is supported by an improvement in overall macroeconomic indicators as well as continuing reforms and improvements to the
Published 27 Aug, 2015 12:00am

Reference filed: SJC urged to take action against ECP members

The Supreme Judicial Council (SJC) of the apex court was urged on Wednesday to take action against members of Election Commission of Pakistan (ECP) over failing to perform their constitutional responsibilities during general election 2013. Filing a refere
Published 27 Aug, 2015 12:00am

'2015 can set the stage for high-growth': An interview with CEO, Kamran Nasir of JS Global

Q. Please take us through to the success of JS Global since inception?
Published 27 Aug, 2015 12:00am

'No quarter'

That army chief General Raheel Sharif would give no quarter to terrorists was an impression that he created, albeit unintentionally, through his recent meeting at Corps Headquarters in Karachi where he strongly indicated that he, like a victor of medieval
Published 27 Aug, 2015 12:00am

Mutual Funds
Are Pakistani equities overvalued?

Pakistan equity markets have consistently delivered phenomenal returns over the last 6 years hitting record after record every year with benchmark KSE 100 rising to 34,399 level on June 30, 2015 from 7162 in June 2009, translating into a staggering (CAGR)
Published 27 Aug, 2015 12:00am

'No quarter'

That army chief General Raheel Sharif would give no quarter to terrorists was an impression that he created, albeit unintentionally, through his recent meeting at Corps Headquarters in Karachi where he strongly indicated that he, like a victor of medieval
Published 27 Aug, 2015 12:00am

Mutual Funds
Escalation of 'Pakistan Capital Market' with all key stakeholers

The Karachi Stock Exchange (KSE) 100-Index is the third -best-performing stock market in the world and built the belief of foreign investors and local investors. The year 2014 proved to be a year of escalation and enthusiasm for the capital market as, KSE
Published 27 Aug, 2015 12:00am

Interbank trading of cash: SBP unveils new mechanism

State Bank of Pakistan Wednesday, issuing comprehensive instructions for modernising cash management function of banks, introduced a new mechanism for interbank trading of cash whereby from 2nd January 2017 banks will be able to exchange cash directly. As
Published 27 Aug, 2015 12:00am

Mutual Funds
Pakistan... from frontier to emerging market

After witnessing hefty return of 49% and 27%, each in calendar year 2013 and 2014, the benchmark KSE-100 index has maintained its upward trajectory in 2015 as well with 7MCY15 return clocking in at 11%, up considerably compared to most regional peers. The
Published 27 Aug, 2015 12:00am

Interbank trading of cash: SBP unveils new mechanism

State Bank of Pakistan Wednesday, issuing comprehensive instructions for modernising cash management function of banks, introduced a new mechanism for interbank trading of cash whereby from 2nd January 2017 banks will be able to exchange cash directly. As
Published 27 Aug, 2015 12:00am

Currency	Rate
USD PKR Interbank Selling / May 13	281.73
USD PKR Interbank Buying / May 13	281.53
USD to Japanese Yen / May 13	147.10
USD to Swiss Franc / May 13	0.84
Pound Sterling to USD / May 13	1.33
Euro to USD / May 13	1.12
UK LIBOR % / May 13	4.96

Stock	Volume
S&P 500 / May 13	5,886.55
India Sensex / May 13	81,148.22
Tokyo Nikkei / May 13	37,897.71
Nasdaq / May 13	19,010.09
Hang Seng / May 13	23,441.04
FTSE 100 / May 13	8,602.92
Dow Jones / May 13	42,140.43
Germany DAX 30 / May 13	23,638.56
France CAC40 / May 13	7,873.83

Item	Value
Crude Oil USD/Barrel / May 13	63.36
Karachi Cotton PKR/37.32 KG / May 13	16,985
Gold 10 Grams PKR / May 13	295,096
Gold Spot USD/Ounce / May 13	3,227.76
Cotton US¢/pound / May 13	66.61
Petrol/Litre / May 14	252.63
Diesel/Litre / May 14	256.64

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.51 ▲ 0.72 (19%)
TPL Trakker Ltd / May 13 TPL Trakker Limited(TPLT)	6.59 ▲ 1 (17.89%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.88 ▲ 1 (17.01%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.34 ▲ 1 (13.62%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Mahanna Islamic Index / May 13 Mahanna Islamic Index Traded Fund(MIIETF)	15.47 ▲ 1.65 (11.94%)
Haseeb Waqas / May 13 Haseeb Waqas Sugar Mills Limited(HWQS)	9.59 ▲ 1 (11.64%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)

Stock	Price
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	15.35 ▼ -1.71 (-10.02%)
Bilal Fibres / May 13 Bilal Fibres Limited(BILF)	19.59 ▼ -2.18 (-10.01%)
TPL Life Insur. / May 13 TPL Life Insurance Limited(TPLL)	46.80 ▼ -5.2 (-10%)
Din Tex. / May 13 Din Textile Mills Limited(DINT)	45 ▼ -4.99 (-9.98%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Suhail Jute / May 13 Suhail Jute Mills Limited(SUHJ)	78.36 ▼ -8.24 (-9.52%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.77 ▼ -0.28 (-9.18%)
Parmount Sp. / May 13 Paramount Spinning Mills Limited(PASM)	3.36 ▼ -0.31 (-8.45%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.95 ▼ -0.25 (-7.81%)
First IBL Mod. / May 13 First IBL Modaraba(FIBLM)	3 ▼ -0.24 (-7.41%)

Stock	Volume
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	41,734,903 ▼ -0.06
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	41,052,877 ▲ 6.27
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	35,773,773 ▲ 2.33
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	30,912,153 ▲ 15.65
B.O.Punjab / May 13 The Bank of Punjab(BOP)	24,175,098 ▼ -0.16
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	24,174,880 ▼ -0.09
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	23,803,446 ▼ -0.22
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	21,754,749 ▼ -3.25
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	20,681,855 ▲ 1.82
D.G.K.Cement / May 13 D.G. Khan Cement Company Limited(DGKC)	19,785,523 ▲ 10.35

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