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Apr 08, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-09-02
US factory activity slows; construction spending up solidly

US factory activity slows; construction spending up solidly

US factory activity hit a more than two-year low in August as manufacturers struggled with a strong dollar, weak global demand and the lingering effects of deep spending cuts in the energy sector. Other data on Tuesday, however, suggested the economy appe
Published 02 Sep, 2015 12:00am
BDS Final exams: Altamus Dental Institute secures 1st position

BDS Final exams: Altamus Dental Institute secures 1st position

University of Karachi has announced BDS Final Professional Annual Examination Result for the year 2015. Hajra Nazir Ahmed D/o Nazir Ahmed of Altamus Dental Institute has secured first position. Hajra Nazir Ahmed of Altamas Dental Institute has stood first
Published 02 Sep, 2015 12:00am
Mobilink announces Hajj roaming offer

Mobilink announces Hajj roaming offer

Mobilink has announced a convenient international roaming offer for its post-paid and prepaid subscribers performing the Hajj. The offer gives Hujjaj an opportunity to connect with their loved ones back in Pakistan by availing up to 90 percent discount on
Published 02 Sep, 2015 12:00am
TCP facing difficulties in offloading cotton
Cotton

TCP facing difficulties in offloading cotton

Trading Corporation of Pakistan (TCP) received poor response in the fourth cotton tender as only two bids were submitted for procurement of 4,600 bales against the offered quantity of 88,600 bales. Sources told Business Recorder Tuesday that the st
Published 02 Sep, 2015 12:00am
PSO welcomes new MD with 68 percent drop in profits

PSO welcomes new MD with 68 percent drop in profits

Pakistan State Oil (PSO) declared 68 percent (Rs 14.9bn) decline in its profit after tax Tuesday when Sheikh Imran-Ul-Haque, a former Engro executive, took the helm of the state-run oil giant after months of litigation. "Haque has taken over as Managing D
Published 02 Sep, 2015 12:00am
FBL, Barkat Islamic Banking acquire 'Al-Qist'

FBL, Barkat Islamic Banking acquire 'Al-Qist'

Faysal Bank Limited and Barkat Islamic Banking, one of the leading Islamic Banking divisions in Pakistan will be acquiring "Al-Qist", a dynamic, user-friendly and Shariah Compliant Islamic Banking software, developed, designed and implemented by Arittek L
Published 02 Sep, 2015 12:00am
CJCSC to witness Military Parade in China

CJCSC to witness Military Parade in China

General Rashad Mahmood, Chairman Joint Chiefs of Staff Committee (CJCSC) has arrived on an official visit to China to witness the Military Parade being held to commemorate the 70th anniversary of victory in the Chinese People's War of Resistance. Pakistan
Published 02 Sep, 2015 12:00am
President arrives in China

President arrives in China

President Mamnoon Hussain arrived here on Tuesday on a four-day official visit where he will meet the country's leadership and attend an event related to China's victory in World War II. The President was received by China's Ambassador to Pakistan Sun Wei
Published 02 Sep, 2015 12:00am
PTCL introduces CharJi EVO broadband service in Sialkot

PTCL introduces CharJi EVO broadband service in Sialkot

Pakistan Telecommunication Company Limited (PTCL) has introduced its next-generation CharJi EVO wireless broadband services in Sialkot. Sialkot is a key commercial hub and the availability of PTCL CharJi EVO will enable residents of the city to access Pak
Published 02 Sep, 2015 12:00am
Chief minister calls on Bilawal

Chief minister calls on Bilawal

Sindh Chief Minister Syed Qaim Ali called upon PPP chairman Bilawal Bhutto Zardari at Bilawal House on Tuesday evening. In the meeting, the chef minister briefed the chairman about the rehabilitation of flood-affected people, party affairs and local bodie
Published 02 Sep, 2015 12:00am
PPP MNAs lambaste PML-N government for pursuing 'anti-Sindh' policies

PPP MNAs lambaste PML-N government for pursuing 'anti-Sindh' policies

Pakistan People's Party (PPP) MNAs Shagufta Jumani, Shamsun Nisa Memon and Musarrat Rafique Maheesar, while rejecting recent decrease in POL prices, termed it as unrealistic and a deception as compared to decline in POL prices in international market.
Published 02 Sep, 2015 12:00am
PBIT organises visit of delegation to Iran

PBIT organises visit of delegation to Iran

The Punjab Board of Investment & Trade (PBIT), on the directives of the Chief Minister Punjab Shehbaz Sharif, in consultation with the Iranian Consulate in Lahore organised a 3-day visit of a delegation led by Minister for Food Bilal Yasin to Iran.
Published 02 Sep, 2015 12:00am
HCCI issues final list of voters

HCCI issues final list of voters

Hyderabad Chamber of Commerce and Industry (HCCI) has released a final list of voters for the HCCI elections 2015-16. A statement issued here on Tuesday said that the final list of voters was released after directions issued by Regulator Trade Organisatio
Published 02 Sep, 2015 12:00am
Demystifying Pakistan Stock Exchange

Demystifying Pakistan Stock Exchange

Following a series of marathon meeting between Karachi, Lahore and Islamabad stock exchanges late last month, the three bourses have recently announced their intention to integrate and form one stock exchange called Pakistan Stock Exchange (PSE). A Memora
Published 02 Sep, 2015 12:00am
Demystifying Pakistan Stock Exchange

Demystifying Pakistan Stock Exchange

Following a series of marathon meeting between Karachi, Lahore and Islamabad stock exchanges late last month, the three bourses have recently announced their intention to integrate and form one stock exchange called Pakistan Stock Exchange (PSE). A Memora
Published 02 Sep, 2015 12:00am
2MFY16 FBR pays Rs 21.420 billion refunds and rebates

2MFY16 FBR pays Rs 21.420 billion refunds and rebates

The Federal Board of Revenue (FBR) paid Rs 21.420 billion refunds and rebates during first two months of 2015-16 against Rs 19.781 billion in the corresponding period of last fiscal year, reflecting an increase of 8.3 percent. According to the provisional
Published 02 Sep, 2015 12:00am
FIA to conduct probe: Malpractices in PIAC's ticket booking system

FIA to conduct probe: Malpractices in PIAC's ticket booking system

Financial leakages in PIAC's ticket booking system have been identified by the Aviation Division. The FIA has been requested to hold criminal investigations to unearth the malpractices being carried out by PIA officials and travel agents. In order to maxi
Published 02 Sep, 2015 12:00am
Shah rejects modest cut in POL prices

Shah rejects modest cut in POL prices

Leader of Opposition in National Assembly Syed Khursheed Ahmed Shah on Tuesday rejected a slight cut in the petroleum prices by the government, saying the people were not passed on the relief as per reduction in the international market. Talking to media
Published 02 Sep, 2015 12:00am
Shah rejects modest cut in POL prices

Shah rejects modest cut in POL prices

Leader of Opposition in National Assembly Syed Khursheed Ahmed Shah on Tuesday rejected a slight cut in the petroleum prices by the government, saying the people were not passed on the relief as per reduction in the international market. Talking to media
Published 02 Sep, 2015 12:00am
ECP seeks updated Sindh LG Act, Rules within 48 hours

ECP seeks updated Sindh LG Act, Rules within 48 hours

The Secretary, Election Commission of Pakistan has written a letter to the Chief Secretary, Government of Sindh with regard to provision of updated version of Sindh Local Government Act, 2013 and the Sindh Local Councils (Elections) Rules - 2015. The Secr
Published 02 Sep, 2015 12:00am
SC seeks report about measures to arrest illegal trade

SC seeks report about measures to arrest illegal trade

The Supreme Court on Tuesday sought a comprehensive report from the Federal Board of Revenue (FBR) Chairman, Federal Investigation Agency (FIA) Director General and Attorney General for Pakistan about measures taken by the government during the last 15 ye
Published 02 Sep, 2015 12:00am
US to hasten replacement of icebreaker amid Arctic scramble

US to hasten replacement of icebreaker amid Arctic scramble

The White House said Tuesday it would speed up the building of new icebreaking ships vital to projecting US power in the increasingly contested Arctic region. With Russia laying stake to the North Pole and running an armada of 40 ships capable of plowing
Published 02 Sep, 2015 12:00am
Half of Guantanamo inmates need indefinite lockup: Pentagon chief

Half of Guantanamo inmates need indefinite lockup: Pentagon chief

About half the detainees at the US military prison at Guantanamo Bay, Cuba need to be locked up "indefinitely," Defence Secretary Ashton Carter said Tuesday. Carter said he supports President Barack Obama's long-standing goal of closing the the site, but
Published 02 Sep, 2015 12:00am
Polish military to look for fabled Nazi 'gold train'

Polish military to look for fabled Nazi 'gold train'

Poland said Tuesday it would deploy the military to look for an alleged Nazi "gold train" that sparked global fascination after two anonymous treasure hunters claimed they had pinpointed where it is buried. "The defence minister decided to send technical
Published 02 Sep, 2015 12:00am
Gaza could be 'uninhabitable' by 2020: UN

Gaza could be 'uninhabitable' by 2020: UN

The Gaza Strip, ravaged by wars and nearly a decade of a gruelling Israeli blockade, could become uninhabitable for residents within just five years, the United Nations development agency said Tuesday. "The social, health and security-related ramification
Published 02 Sep, 2015 12:00am
Seven people killed in violence in India's north-east

Seven people killed in violence in India's north-east

Hundreds of protesters clashed with police in India's restive north-east over a controversial tribal rights laws, leaving at least seven people dead, a senior official said Tuesday. Violence erupted in Manipur state's Churachandpur district late Monday ho
Published 02 Sep, 2015 12:00am
Millions of India's workers threaten 24-hour strike

Millions of India's workers threaten 24-hour strike

Millions of India's workers have vowed to go on strike on Wednesday against right-wing Prime Minister Narendra Modi's "anti-labour" economic policies. Ten major unions have called the nation-wide strike for 24 hours over the government's pro-business init
Published 02 Sep, 2015 12:00am
Lebanon activists occupy ministry as campaign escalates

Lebanon activists occupy ministry as campaign escalates

Lebanese police moved to eject protesters who occupied part of the environment ministry on Tuesday, in an escalation of a campaign against the country's trash crisis and a stagnant political class. The forcible evacuation began some six hours after severa
Published 02 Sep, 2015 12:00am
Nigeria military claims recapture of key town from Boko Haram

Nigeria military claims recapture of key town from Boko Haram

The Nigerian army claimed Tuesday that its troops have recaptured Gamboru Ngala, a key town on the border with neighbouring Cameroon, from Boko Haram insurgents. "The Nigerian Army has retaken the economic and strategic town of Gamboru Ngala, Borno State,
Published 02 Sep, 2015 12:00am
Iran clothing with US, British flags sparks arrests

Iran clothing with US, British flags sparks arrests

Iranian police have arrested merchants for selling clothing that featured the flags of the United States and Britain, two long-time foes of the Islamic republic, local media reported Tuesday. Garments imprinted with "Satanic symbols" were also seized from
Published 02 Sep, 2015 12:00am
US Iran's 'No 1 enemy' despite nuclear deal: clerical body

US Iran's 'No 1 enemy' despite nuclear deal: clerical body

The United States remains Iran's "number one enemy" despite a recent nuclear deal with world powers, the chief of Tehran's top clerical committee said on Tuesday, Iranian media reported. The Assembly of Experts is among Iran's most influential institution
Published 02 Sep, 2015 12:00am
Norway sends first convicts to Dutch 'luxury' prison

Norway sends first convicts to Dutch 'luxury' prison

Norway on Tuesday sent a group of convicts to a jail in the Netherlands for the first time because its own prisons are filled to the brim. "The first prisoners have arrived," Karl Hillesland, the new Norwegian head of Norgerhaven prison in the northern Ne
Published 02 Sep, 2015 12:00am
Zuma escapes impeachment bid over Al-Bashir

Zuma escapes impeachment bid over Al-Bashir

South African President Jacob Zuma Tuesday escaped a bid in parliament to impeach him over the government's refusal to arrest Sudanese President Omar al-Bashir on genocide charges brought by the International Criminal Court. Zuma was saved partly by wides
Published 02 Sep, 2015 12:00am
Europe struggles as figures show gravity of migrant crisis

Europe struggles as figures show gravity of migrant crisis

Hungarian police blocked hundreds of migrants from boarding trains to western Europe from Budapest's main rail station Tuesday, as figures showed more than 350,000 have risked their lives to cross the Mediterranean this year. As hundreds of police, some i
Published 02 Sep, 2015 12:00am
Serena, Djokovic and Nadal roll but Nishikori out at US Open

Serena, Djokovic and Nadal roll but Nishikori out at US Open

Three-time defending champion Serena Williams launched her quest for a historic title Monday by overwhelming 86th-ranked Russian Vitalia Diatchenko and advancing to the second round of the US Open. The world number one was a 6-0, 2-0 winner after only 30
Published 02 Sep, 2015 12:00am
Safarova joins seeds casualty list

Safarova joins seeds casualty list

Lucie Safarova joined the US Open seeds casualty list on Tuesday when the Czech left-hander became the fourth top-10 player to lose in the first round. Sixth-seeded Safarova slipped to a 6-4, 6-1 defeat to Ukraine's Lesia Tsurenko, the woman she defeated
Published 02 Sep, 2015 12:00am
India end 22-year series drought in Sri Lanka

India end 22-year series drought in Sri Lanka

India overcame a gallant century by Sri Lankan captain Angelo Mathews to win the final Test by 117 runs on Tuesday and end a 22-year wait for a series win on the island. The hosts, set a victory target of 386, were bowled out for 268 after tea on the fift
Published 02 Sep, 2015 12:00am
Ishant Sharma, Chandimal banned for misconduct

Ishant Sharma, Chandimal banned for misconduct

India's Ishant Sharma was on Tuesday suspended by the International Cricket Council for one Test match and Dinesh Chandimal of Sri Lanka banned from a one-day international for misconduct during the final Test in Colombo. Two other Sri Lankan players, Dha
Published 02 Sep, 2015 12:00am
Everton's Gibson given 20-month driving ban

Everton's Gibson given 20-month driving ban

Everton midfielder Darron Gibson was banned from driving for 20 months and sentenced to a 12-month community order on Tuesday after he collided with three cyclists and drove off. Republic of Ireland international Gibson was over the legal drink-drive limi
Published 02 Sep, 2015 12:00am
Man United confirm Martial signing

Man United confirm Martial signing

Manchester United on Tuesday confirmed the signing of 19-year-old French striker Anthony Martial from Monaco on a four-year contract with an option for a further year. "Manchester United is delighted to announce that Anthony Martial has completed his tran
Published 02 Sep, 2015 12:00am
Cook in search of opening partner

Cook in search of opening partner

It is Test cricket's equivalent of a lonely hearts advert: experienced opener seeks partner for meaningful relationship. Yet for England captain Alastair Cook it is no joke. Since former skipper and first-wicket colleague Andrew Strauss retired in 2012, l
Published 02 Sep, 2015 12:00am
Qatar to finish work on first World Cup venue by 2016

Qatar to finish work on first World Cup venue by 2016

Controversial football World Cup host Qatar will complete work on the first venue for tournament matches by 2016, six years before the event takes place, officials announced on Tuesday. The 40,000-seater Khalifa International Stadium is scheduled to host
Published 02 Sep, 2015 12:00am
FIFA slams brakes on Singapore FA polls

FIFA slams brakes on Singapore FA polls

FIFA has told Singapore's football association to put internal elections on hold over possible political interference. The Football Association of Singapore (FAS) said it has been in talks with the world governing body, which opposes government interferen
Published 02 Sep, 2015 12:00am
Aussie tentative after RBA, New Zealand dollar up

Aussie tentative after RBA, New Zealand dollar up

The Australian dollar was in limbo on Tuesday after the Reserve Bank of Australia (RBA) offered no fresh guidance on its rate outlook, while the New Zealand dollar edged up on better economic data. The Australian dollar was only slightly higher at $0.7122
Published 02 Sep, 2015 12:00am
Manufacturing survey thwarts sterling recovery

Manufacturing survey thwarts sterling recovery

Sterling lost ground against both the dollar and euro on Tuesday after a weaker-than-expected survey of manufacturing sentiment added to arguments for another prolonged hold of Bank of England interest rates. The pound has suffered along with the dollar f
Published 02 Sep, 2015 12:00am
Sri Lankan rupee ends steady
Currency

Sri Lankan rupee ends steady

The Sri Lankan rupee ended steady on Tuesday as a state-run bank, through which the central bank usually directs the market, sold dollars at 134.50 a day after it raised the local currency's peg against the dollar for a second straight session. Currency d
Published 02 Sep, 2015 12:00am
Asia FX gains
Currency

Asia FX gains

Most emerging Asian currencies rose on Tuesday, helped by a Reuters report that China was planning fresh moves to stabilise the yuan, though sentiment toward the region stayed bearish after a survey showed Chinese factory activity had slumped. China's cen
Published 02 Sep, 2015 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.30-6.50 percent (* Previous 05.25-06.50 percent). (* revised).
Published 02 Sep, 2015 12:00am
Dollar sags against yen, euro in New York
Currency

Dollar sags against yen, euro in New York

The dollar eased against the safe-haven yen and the low-yielding euro on Monday as investors around the world knocked down equities and trimmed bets against currencies popularly used to fund risky carry trades. Under carry trades, investors sell a low-yie
Published 02 Sep, 2015 12:00am
Early trade in New York: Dollar drops as yen, euro rise

Early trade in New York: Dollar drops as yen, euro rise

The dollar sagged against the safe-haven yen and low-yielding euro on Tuesday as weak Chinese factories data drove investors to unwind bets against the two currencies widely used to fund positions in riskier assets. The data showed the manufacturing secto
Published 02 Sep, 2015 12:00am
Yen, euro buoyed by risk aversion in Europe
Currency

Yen, euro buoyed by risk aversion in Europe

The safe-haven yen and the low-yielding euro rose on Tuesday on concerns about China's economy, as investors unwound bets against the two currencies widely used to fund positions in riskier assets. Speculators and investors had sold low-yielding currencie
Published 02 Sep, 2015 12:00am
Yen, euro up in Asia

Yen, euro up in Asia

The yen and euro edged higher on Tuesday as falls in Asian equities kept the focus on whether investors would need to further unwind carry trades, bets in risk assets funded by low-yielding currencies. Surveys of China's manufacturing and services sector
Published 02 Sep, 2015 12:00am
Yuan moves up
Currency

Yuan moves up

China's yuan firmed on Tuesday as state-owned banks were suspected of selling dollars at the central banks behest, and sources told Reuters that authorities were preparing to tighten rules on forwards trading to deter speculation against the yuan, traders
Published 02 Sep, 2015 12:00am
FTSE posts biggest one-day fall in over a week

FTSE posts biggest one-day fall in over a week

The UK FTSE 100 slumped 3 percent on Tuesday, its worst one-day fall in over a week, with miners hit hardest after a slump in the manufacturing sector in China - the world's biggest commodity consumer. All but one FTSE 100 stock closed in negative territo
Published 02 Sep, 2015 12:00am
SE Asian stocks fall; Jakarta worst performer

SE Asian stocks fall; Jakarta worst performer

All Southeast Asian stock markets ended weaker on Tuesday, led by Indonesia after surveys showed China's manufacturing sector was in the grip of its worst slump in several years, raising fresh fears about the health of the country's economy. Speculation o
Published 02 Sep, 2015 12:00am
Australian shares plummet

Australian shares plummet

Australian shares tumbled to their lowest close in a week on Tuesday after fresh data showed China's manufacturing activity contracted in August, reinforcing worries about the health of Australia's biggest export market. The widely expected Reserve Bank o
Published 02 Sep, 2015 12:00am
European shares hit by Chinese data, miners slump

European shares hit by Chinese data, miners slump

European equities fell sharply on Tuesday, with miners slumping after weak manufacturing data from China renewed concerns for the economic health of the world's biggest metals consuming country. The FTSEurofirst 300 index of top European shares ended 2.8
Published 02 Sep, 2015 12:00am
Indian stocks fall about 2 percent; lenders slump

Indian stocks fall about 2 percent; lenders slump

Indian shares fell about 2 percent on Tuesday, dragged by banking and financial stocks after reports of HDFC Bank's steep base rate cut on Monday sparked fears that other lenders will be able to match it only at the cost of margins. HDFC Bank cut its base
Published 02 Sep, 2015 12:00am
Nikkei ends four percent lower

Nikkei ends four percent lower

Japanese stocks crumbled on Tuesday, extending the previous day's losses after surveys showed China's factory sector shrank for the sixth straight month in August while investors remained on edge ahead of key US data due throughout the week. Sentiment was
Published 02 Sep, 2015 12:00am
Short-selling ratio of Japanese stocks hits record high

Short-selling ratio of Japanese stocks hits record high

The ratio of shares sold short in Japan hit a record high on Tuesday, as investors stepped up bets that the markets will fall further on concerns about a slowdown in China and possible US rate hike later this year. The ratio, which measures the amount of
Published 02 Sep, 2015 12:00am
Treasuries slip

Treasuries slip

Longer-dated US Treasuries prices fell on Monday after lower US oil production and Opec's readiness to talk with other producers heightened inflation fears, while weekend comments from the Federal Reserve vice chair hurt shorter-dated prices. Medium- and
Published 02 Sep, 2015 12:00am
Treasuries slip

Treasuries slip

Longer-dated US Treasuries prices fell on Monday after lower US oil production and Opec's readiness to talk with other producers heightened inflation fears, while weekend comments from the Federal Reserve vice chair hurt shorter-dated prices. Medium- and
Published 02 Sep, 2015 12:00am
Hong Kong stocks down

Hong Kong stocks down

Hong Kong shares fell in sympathy with regional markets on Tuesday, as weak Chinese manufacturing data stoked fresh worries about a hard landing for the world's second-largest economy. The Hang Seng index fell 2.2 percent, to 21,185.43, while the China En
Published 02 Sep, 2015 12:00am
Wall Street's worst month in three years ends on a sour note

Wall Street's worst month in three years ends on a sour note

Wall Street ended lower on Monday and wrapped up its worst month since 2012 after comments from a senior Federal Reserve official heightened fears among investors of a potential US interest hike in September. Fed Vice Chairman Stanley Fischer on Saturday
Published 02 Sep, 2015 12:00am
China stocks falter in giddy trade

China stocks falter in giddy trade

Chinese stocks got September off to a rocky ride on Tuesday, with main indexes tumbling 5 percent at one point as weak manufacturing data laid bare the daunting challenge faced by Beijing as it races to revive a stumbling economy. At the end of the sessio
Published 02 Sep, 2015 12:00am
Gulf markets join global equity slide on China fears

Gulf markets join global equity slide on China fears

Stock markets across the Middle East fell on Tuesday alongside steep drops in global stock prices because of renewed uncertainty about the state of China's economy. Stock markets fell after data showed China's manufacturing activity had contracted in Augu
Published 02 Sep, 2015 12:00am
China manufacturing contracts, eurozone and US slows

China manufacturing contracts, eurozone and US slows

China's giant manufacturing industry contracted and euro zone and US growth eased in August in data published on Tuesday, while the International Monetary Fund cut its forecast for world growth this year. Stocks on major markets tumbled along with commodi
Published 02 Sep, 2015 12:00am
Global factory growth at two-year low: PMI

Global factory growth at two-year low: PMI

Global factory activity expanded at its weakest pace in just over two years last month, even though discounted prices did drive a modest upturn in new orders, a business survey showed on Tuesday. J.P. Morgan's Global Manufacturing Purchasing Managers' Ind
Published 02 Sep, 2015 12:00am
European wheat prices fall in line with US markets

European wheat prices fall in line with US markets

European wheat prices dipped on Monday in the wake of a fall on US markets, pressured by a strong euro versus the dollar which hampers competitiveness on world markets. Benchmark December milling wheat on Euronext unofficially closed 0.1 percent lower at
Published 02 Sep, 2015 12:00am
CBOT wheat futures settle mixed

CBOT wheat futures settle mixed

Wheat futures on the Chicago Board of Trade settled mixed on Monday, with the most-active December contract gaining on a late round of technical buying and strength in other markets including crude oil, traders said. Spot September wheat, which is in deli
Published 02 Sep, 2015 12:00am
Palm oil prices down on European vegoils market
Vegetable Oil

Palm oil prices down on European vegoils market

Palm and coconut oil prices on the European vegetable oil market were generally lower on Monday, in a market which was quiet due to Malaysian trading being closed for the National Day holiday. Many products were unquoted in Europe for most of the day.
Published 02 Sep, 2015 12:00am
US FOB Gulf soyabean offers higher

US FOB Gulf soyabean offers higher

Export premiums for US soyabeans were higher on Monday, rebounding after declining for much of last week amid better international demand and following gains in the CIF barge market, traders said. The US Department of Agriculture earlier on Monday said 12
Published 02 Sep, 2015 12:00am
US natural gas futures down one percent

US natural gas futures down one percent

US natural gas futures settled 1 percent lower on Monday on expectations that high summer temperatures will peak this week, paring demand for air conditioning from gas-powered electricity over the next fortnight. Front-month gas futures settled down 2.6 c
Published 02 Sep, 2015 12:00am
Daily trading report of PMEX0
Cotton

Daily trading report of PMEX0

On Monday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,812 million. The number of lots traded was 7.32 million. PMEX Commodity Index closed at 2,523. Major business was contributed by crude oil amounting to PKR 4,365 million. This was f
Published 02 Sep, 2015 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 02 Sep, 2015 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 02 Sep, 2015 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 02 Sep, 2015 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 02 Sep, 2015 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (September 01, 2015).

Published 02 Sep, 2015 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (September 01, 2015).

Published 02 Sep, 2015 12:00am
Chinese firm signs $500 million investment in OPL

Chinese firm signs $500 million investment in OPL

Poly-GCL Petroleum Group of China has agreed with Ocean Pakistan Limited (OPL) to invest $500 million in exploration of oil/gas sector of Pakistan. The two companies reached an agreement during a recent visit of a seven-member delegation of Poly-GCL Petro
Published 02 Sep, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 02 Sep, 2015 12:00am
Chinese firm signs $500 million investment in OPL

Chinese firm signs $500 million investment in OPL

Poly-GCL Petroleum Group of China has agreed with Ocean Pakistan Limited (OPL) to invest $500 million in exploration of oil/gas sector of Pakistan. The two companies reached an agreement during a recent visit of a seven-member delegation of Poly-GCL Petro
Published 02 Sep, 2015 12:00am
Stocks, oil dive on China fears
Currency

Stocks, oil dive on China fears

World stock indexes and commodities slumped on Tuesday as weak Chinese data revived fears about the effect of China''s economic health on the global economy and fuelled more market turmoil. Oil prices settled down sharply, with Brent falling back below $5
Published 02 Sep, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 02 Sep, 2015 12:00am
Stocks, oil dive on China fears
Currency

Stocks, oil dive on China fears

World stock indexes and commodities slumped on Tuesday as weak Chinese data revived fears about the effect of China's economic health on the global economy and fuelled more market turmoil. Oil prices settled down sharply, with Brent falling back below $50
Published 02 Sep, 2015 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (September 01, 2015).
Published 02 Sep, 2015 12:00am
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