News Archives for Print - 2015-09-20

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (September 19, 2015).

Published 20 Sep, 2015 12:00am

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 19, 2015).

Published 20 Sep, 2015 12:00am

Cotton

Grain market rates

Karachi grain market rates in rupees on Saturday (September 19, 2015).

Published 20 Sep, 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 (September 19, 2015).

Published 20 Sep, 2015 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (September 19, 2015).

Published 20 Sep, 2015 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (September 19, 2015).

Published 20 Sep, 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 (September 19, 2015).

Published 20 Sep, 2015 12:00am

Currency

Stability prevailed on the money market on Saturday as the rupee held the overnight levels versus the dollar in the process of trading, dealers said. The rupee maintained last levels versus the dollar for buying and selling at Rs 104.30 and Rs 104.50 resp

Published 20 Sep, 2015 12:00am

Currency

THE RUPEE: stable trend

Stability prevailed on the money market on Saturday as the rupee held the overnight levels versus the dollar in the process of trading, dealers said. The rupee maintained last levels versus the dollar for buying and selling at Rs 104.30 and Rs 104.50 resp

Published 20 Sep, 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 (September 19, 2015).

Published 20 Sep, 2015 12:00am

Member to Member

The following transactions member to member subsequently reported on Saturday (September 19, 2015).

Published 20 Sep, 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 (September 19, 2015).

Published 20 Sep, 2015 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 20 Sep, 2015 12:00am

Vietnamese rice prices stable; Thai grain dips

Vietnamese rice prices stood nearly unchanged while Thai grain eased on Wednesday ahead of an import tender by the Philippines and amid a weaker baht. Vietnam's 5 percent broken grain stood at $325-$330 a tonne, free-on-board (FOB) Saigon Port, against $3

Published 20 Sep, 2015 12:00am

Cotton

Lean business on grain market

Small trading was witnessed on the local grain market on Saturday in the process of modest trading, dealers said. On the cereals side, Moong Punjab posted fresh gain of Rs 750 to Rs 9000 and Moong Afghan followed same pattern, rising by Rs 950 to Rs 11000

Published 20 Sep, 2015 12:00am

Currency

European palm oil prices fall on stronger ringgit

European palm oil prices slipped on Thursday, as a stronger ringgit currency weighed on Malaysian palm oil futures. Asking prices for RBD palmolein dipped between $15 and $17.50, with the January-March delivery easing to $547.50 per tonne. That position l

Published 20 Sep, 2015 12:00am

Currency

China's 2015-16 soya imports fall for first time in decade

China's soya imports could fall for the first time in a decade in the 2015/16 crop year due to a slowdown in animal feed demand at the world's top soyabean buyer, a senior trader with commodity giant Cargill said on Thursday. Imports would also be affecte

Published 20 Sep, 2015 12:00am

US FOB Gulf soyabean offers flat on steady demand

Soyabean export premiums at the US Gulf Coast were about unchanged on Thursday on steady demand from China and rising supplies of newly harvested beans which kept a lid on CIF barge basis values, traders said. Chinese importers booked at least one more ca

Published 20 Sep, 2015 12:00am

Cotton

Oil cake market rates

The December vaida was lower on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The December vaida closed at Rs 1306.50, opened with 30 paisa fall at Rs 1306.20 in the early session, dealers said.

Published 20 Sep, 2015 12:00am

Cotton

Cotton market prices keep firm posture ahead of Eid holidays

Prices maintained firm posture on the cotton market on Saturday ahead of Eid-ul-Azha holidays, dealers said. The official spot rate maintained overnight level at Rs 4,700, dealers said. In Sindh seed cotton prices were at Rs 2350 and Rs 2400 and in Punjab

Published 20 Sep, 2015 12:00am

Brazil's 2015-16 center-south cane crush raised slightly

Brazil's 2015/16 center-south cane crush is projected to reach 590 million tonnes, slightly higher than a previous view of 587 million tonnes and up from last year's 571 million tonnes, consultancy JOB Economia said on Thursday. Sugar production in the 20

Published 20 Sep, 2015 12:00am

Record China soya imports to fizzle in peak US shipping period

China's record pace of soyabean imports is running out of steam, in what is likely to be a blow to US exporters that normally ship 40 percent of their annual soyabean crop to the world's top buyer over the October-to-December period. Already off highs see

Published 20 Sep, 2015 12:00am

Canadian canola prices fall

ICE Canadian canola prices fell on Thursday, weighed down by weaker soy prices and a stronger Canadian dollar. Statistics Canada surprised traders by issuing a new, unscheduled canola crop estimate of 14.4 million tonnes, higher than its August estimate o

Published 20 Sep, 2015 12:00am

Philippines to buy 750,000 tonne of rice from Vietnam, Thailand

The Philippines split a 750,000-tonne rice supply contract between Vietnam and Thailand on Thursday, rushing to boost its shrinking stocks before an El Nino dry weather pattern that is potentially one of worst in 65 years hurts output further. Vietnam, tr

Published 20 Sep, 2015 12:00am

CBOT wheat futures fall for third session

Wheat futures on the Chicago Board of Trade fell for a third consecutive session on Thursday on technical selling and a lack of fundamental news amid plentiful global supplies, traders said. Benchmark CBOT December wheat pared losses after the Federal Res

Published 20 Sep, 2015 12:00am

Asia coffee: Vietnam farmers hold beans as price falls; Indonesia active

Vietnam's coffee market saw thin trading on Thursday as farmers held back beans expecting higher prices, while Indonesia saw brisk activity on solid buying demand despite lower export prices. Farmers in Vietnam, the world's biggest robusta producer, have

Published 20 Sep, 2015 12:00am

South Korea buys feed wheat

South Korea's largest feedmaker Nonghyup Feed Inc (NOFI) bought about 50,000 tonnes of feed wheat to be sourced from optional origins in an international tender which closed on Thursday, European traders said. NOFI had sought up to 130,000 tonnes of wheat

Published 20 Sep, 2015 12:00am

Cocoa disease fears subside on improved sunshine in Ivory Coast

Recent increased sunshine and rainfall across most of Ivory Coast's cocoa growing regions have fueled optimism ahead of next month's start of the 2015/16 main crop harvest, farmers said on Monday. In the western region of Duekoue, farmers said earlier fea

Published 20 Sep, 2015 12:00am

US natural gas futures hold steady

US natural gas futures held steady on Thursday after a federal report showed last week's storage build was in line with analysts' estimates, despite forecasts for warmer weather and stronger cooling demand over the next two weeks. After briefly falling to

Published 20 Sep, 2015 12:00am

EU wheat prices slip on tough export outlook

Western European wheat prices eased on Thursday, pressured by a fall in Chicago and a stronger euro that underscored a tough export outlook at a time of ample global supply. Price movements were limited, however, by a cautious mood among investors as they

Published 20 Sep, 2015 12:00am

South Korea pension fund will raise China investments

South Korea's National Pension Service (NPS) is looking to increase investments in China as the world's third-largest pension fund sees the recent slowdown in the Chinese economy as temporary, its chairman and chief executive said on Thursday. "The long-t

Published 20 Sep, 2015 12:00am

East Ukraine faces winter water shortage threat

European monitors warned Friday that war-scarred eastern Ukraine faced a severe water shortage this winter because shelling had destroyed much of the industrial region's distribution pipelines. The former Soviet republic has been in the throes of a 17-mon

Published 20 Sep, 2015 12:00am

East Ukraine faces winter water shortage threat

European monitors warned Friday that war-scarred eastern Ukraine faced a severe water shortage this winter because shelling had destroyed much of the industrial region's distribution pipelines. The former Soviet republic has been in the throes of a 17-mon

Published 20 Sep, 2015 12:00am

Currency

IMF welcomes Myanmar currency reforms, says more needed

The International Monetary Fund welcomed Myanmar's "bold move" to liberalize its foreign exchange rules in a report published on Friday and warned that the poor Asian country would need to tighten monetary policy and reduce credit expansion. The Fund caut

Published 20 Sep, 2015 12:00am

Renzi hikes deficit goals, may face tough sell to EU

Italy on Friday hiked its forecasts for economic growth this year and next and opened a potential conflict with the European Commission by also raising its targets for the budget deficit and the public debt. The government of Prime Minister Matteo Renzi r

Published 20 Sep, 2015 12:00am

Dubai's DEWA plans tender for 800 megawatts third phase of solar park

The Dubai Electricity and Water Authority will start accepting expressions of interest for the third phase of the Sheikh Mohammed bin Rashid al-Maktoum Solar Park at the end of September, it said on Saturday. The tender for the project, an 800 megawatt po

Published 20 Sep, 2015 12:00am

Singapore keeps 2015 tourism forecast, brushing off weak first half

Singapore is sticking to its forecast for more than 15 million visitor arrivals this year, encouraged by a spurt in travellers from China and India in July, the head of its tourism board said, despite a subdued first half. The city-state, which is prepari

Published 20 Sep, 2015 12:00am

Developer pulls leading ad-blocking app from Apple Store

Tumblr co-founder Marco Arment, who developed the most popular paid ad-blocker on Apple Inc's US app store, has pulled the product, citing concerns that the tool could hurt independent Web publishers. In a blog post on Friday, Arment, wrote that he was pu

Published 20 Sep, 2015 12:00am

Germany eyes further savings to finance refugee crisis

German Finance Minister Wolfgang Schaeuble is eyeing further spending cuts to come up with the funding for the current inflow of refugees, German magazine Der Spiegel reported on Saturday. Schaeuble aims to siphon up to 2 billion euros ($2.26 billion) off

Published 20 Sep, 2015 12:00am

For US banks, Fed inaction makes a bad trading quarter even worse

For US banks' bond trading desks, the Federal Reserve just made a bad quarter even worse, accentuating a longer-term decline in what was once their most lucrative business, executives, analysts and traders told Reuters. Bond trading volume is likely to dr

Published 20 Sep, 2015 12:00am

For US banks, Fed inaction makes a bad trading quarter even worse

For US banks' bond trading desks, the Federal Reserve just made a bad quarter even worse, accentuating a longer-term decline in what was once their most lucrative business, executives, analysts and traders told Reuters. Bond trading volume is likely to dr

Published 20 Sep, 2015 12:00am

Lufthansa doesn't rule out cooperation with EasyJet

The head of German airline Lufthansa does not rule out possible cooperation between its low-cost arm Eurowings and British rival EasyJet, the weekly magazine Der Spiegel reported on Friday. Lufthansa chief executive Carsten Spohr "can imagine a possible c

Published 20 Sep, 2015 12:00am

Fitch affirms Finland's AAA rating despite weak growth

Fitch on Friday affirmed its top-notch AAA credit rating for recession-hit Finland with negative outlook, suggesting the new centre-right government can change the course after three years of economic contraction. "Finland has a track record of sound fisc

Published 20 Sep, 2015 12:00am

Fitch affirms Finland's AAA rating despite weak growth

Fitch on Friday affirmed its top-notch AAA credit rating for recession-hit Finland with negative outlook, suggesting the new centre-right government can change the course after three years of economic contraction. "Finland has a track record of sound fisc

Published 20 Sep, 2015 12:00am

Colombia coal producers slowly restart exports amid border crisis

Thermal coal producers in northeastern Colombia have begun the arduous task of exporting 220,000 tonnes of the mineral after shipments were halted and mines shuttered as Venezuela closed several border crossings, an industry official said on Wednesday. Th

Published 20 Sep, 2015 12:00am

Spanish banks warn of Catalonia independence risks

Major Spanish banks said on Friday a split between Catalonia and Spain would be a serious threat to financial stability in the northeastern region, where a looming election is being framed by local leaders as a vote on independence. Spain's two main banki

Published 20 Sep, 2015 12:00am

Ryanair targets quarter of European traffic within decade

Ryanair expects to be operating one in every four European short-haul flights within the next eight to 10 years, driven by expansion in countries such as Germany as some of its rivals retreat, its chief executive said. The Irish carrier, which has around

Published 20 Sep, 2015 12:00am

Ryanair targets quarter of European traffic within decade

Ryanair expects to be operating one in every four European short-haul flights within the next eight to 10 years, driven by expansion in countries such as Germany as some of its rivals retreat, its chief executive said. The Irish carrier, which has around

Published 20 Sep, 2015 12:00am

Mutual Funds

Patriotism doesn't pay for China Inc, as buybacks lead to losses

As he watched China's stock markets descending into freefall on July 2, Zhao Liguo, vice-president of Siasun Robot & Automation Co Ltd, decided it was time to start buying the company's shares. Zhao was among hundreds of companies and executives that answ

Published 20 Sep, 2015 12:00am

Treasuries outlook: yields extend declines on doubts over 2015 Fed rate hike

US Treasury yields fell on Friday, extending the previous day's declines after the Federal Reserve kept interest rates unchanged Thursday and doubts grew as to whether it would tighten policy at all this year. The Fed held off on a move in a bow to worrie

Published 20 Sep, 2015 12:00am

Treasuries outlook: yields extend declines on doubts over 2015 Fed rate hike

US Treasury yields fell on Friday, extending the previous day's declines after the Federal Reserve kept interest rates unchanged Thursday and doubts grew as to whether it would tighten policy at all this year. The Fed held off on a move in a bow to worrie

Published 20 Sep, 2015 12:00am

Bafin examines trading in RWE shares after market swings

German financial watchdog Bafin is examining trading in shares of utility RWE after receiving several leads in connection with market abuse over the past two months. Shares in RWE, which is suffering from a prolonged industry slump, have been subject to m

Published 20 Sep, 2015 12:00am

Emerging market stock allocations at all-time low

Investors have cut their emerging market stock allocations to an all-time low and raised cash balances to levels seen during the 2008 crisis as risk appetite has evaporated, a Bank of America Merrill Lynch (BAML) survey showed on Tuesday. Investor confide

Published 20 Sep, 2015 12:00am

Emerging market stock allocations at all-time low

Investors have cut their emerging market stock allocations to an all-time low and raised cash balances to levels seen during the 2008 crisis as risk appetite has evaporated, a Bank of America Merrill Lynch (BAML) survey showed on Tuesday. Investor confide

Published 20 Sep, 2015 12:00am

Canada's main stock index drops

Canada's main stock index fell 1 percent on Friday as investors held on to concerns raised by the US Federal Reserve about global economic growth and sell-offs in the prices of copper and oil weighed on resource shares. Commodity prices have been under pr

Published 20 Sep, 2015 12:00am

Taiwan to remove rule that discourages stock short-selling

Taiwan's financial regulator said on Friday it has lifted a rule that discouraged investors from short-selling local stocks as the stock market has stabilised in the past weeks. Beginning next Monday, investors can again sell short stocks at prices lower

Published 20 Sep, 2015 12:00am

India considering allowing state pension funds to invest more in equities

India is considering allowing state retirement funds to invest more in equities and opening them up to private-sector management to improve returns, as Prime Minister Narendra Modi seeks to expand the country's tiny pensions net. Hemant Contractor, head o

Published 20 Sep, 2015 12:00am

Scout24 IPO to be worth up to 1.06 billion euros

Germany's biggest digital classifieds group Scout24 said its initial public offering (IPO) would be worth up to 1.06 billion euros ($1.20 billion). The group, which is owned by private equity firms Hellman & Friedman and Blackstone as well as Deutsche Tel

Published 20 Sep, 2015 12:00am

Scout24 IPO to be worth up to 1.06 billion euros

Germany's biggest digital classifieds group Scout24 said its initial public offering (IPO) would be worth up to 1.06 billion euros ($1.20 billion). The group, which is owned by private equity firms Hellman & Friedman and Blackstone as well as Deutsche Tel

Published 20 Sep, 2015 12:00am

Vietnam allows bulk share buys as state selloff lags

Vietnam has allowed unlisted state-owned enterprises (SOEs) to issue shares in larger chunks to try to attract investors and breathe life into a vaunted state sector selloff that is lagging far behind schedule. Vietnam's communist government wants to redu

Published 20 Sep, 2015 12:00am

Peru bourse to triple turnover by next year: chairman

Daily turnover on Peru's stock exchange should triple next year with the help of measures including tax breaks and cuts to transaction costs, the bourse's chairman said as the country strives to avoid an exodus of foreign investors. The $17 billion stock

Published 20 Sep, 2015 12:00am

Japan Post firms start overseas roadshows for IPOs

Japan Post Holdings Co and its two financial units have begun roads shows overseas to drum up interest among institutional investors for initial public offerings expected to raise $11.6 billion, sources with knowledge of the matter said. The three IPOs ar

Published 20 Sep, 2015 12:00am

Japan Post firms start overseas roadshows for IPOs

Japan Post Holdings Co and its two financial units have begun roads shows overseas to drum up interest among institutional investors for initial public offerings expected to raise $11.6 billion, sources with knowledge of the matter said. The three IPOs ar

Published 20 Sep, 2015 12:00am

Foreigners' net selling of Japanese cash stocks highest since 1987's Black Monday

Net selling of Japanese cash stocks by foreign investors last week hit their highest since Black Monday in October 1987, as they unloaded riskier assets spooked by extreme volatility in the market, exchange data showed. Foreigners, who were also net selle

Published 20 Sep, 2015 12:00am

Wall Street ends down after Fed stokes global economic fears

Wall Street stocks closed lower on Friday in heavy trading as the Federal Reserve's decision to keep interest rates near zero fueled concerns about the potential impact of continuing weak global growth on US corporate earnings. Apart from the state of the

Published 20 Sep, 2015 12:00am

Currency

African currencies week ahead: Zambia's kwacha stuck on the ropes

Zambia's kwacha is expected to maintain its downward trend next week although another under-pressure African currency, Ghana's cedi, may find support from traders expecting inflows of dollars from cocoa and Eurobond loans.

Published 20 Sep, 2015 12:00am

Currency

Ukraine central bank sees currency stability, coy on FX curbs

Ukraine's currency, the hryvnia, is expected to hold up in the coming months, the country's deputy central bank governor said on Tuesday, though he remained cautious about hopes of a quick removal of its foreign exchange curbs. "The Autumn is always the p

Published 20 Sep, 2015 12:00am

Currency

US dollar peg is the best system for Hong Kong: HKMA

Hong Kong's current monetary policy mechanism pegging its currency to the US dollar is the best system for the territory, the head of the central bank said on Wednesday. In response to questions, Norman Chan, chief of the Hong Kong Monetary Authority, the

Published 20 Sep, 2015 12:00am

Currency

Canadian dollar weakens

The Canadian dollar weakened versus the US dollar on Friday, with the commodity currency hurt by a sharp drop in the price of crude oil a day after the US Federal Reserve decided to hold interest rates at near zero amid global uncertainty. The Canadian cu

Published 20 Sep, 2015 12:00am

Turkey's lira gets a short breather after Fed holds fire

Turkey's long-suffering lira got a reprieve on Friday after the US Federal Reserve left interest rates unchanged, but political uncertainty and a grim outlook for growth meant the gains were likely to be short-lived. A rate increase might have increased t

Published 20 Sep, 2015 12:00am

Dollar recovers from three-week low in technical rally

The dollar rebounded from a three-week low on Friday, a day after the Federal Reserve kept US interest rates on hold, in a late technical rally after a steep sell-off the previous session. The Fed decision largely disappointed investors who wanted to get

Published 20 Sep, 2015 12:00am

Currency

Nigeria's central bank injects dollars into banking system

Nigeria's central bank injected dollars into the market on Friday after a lull in foreign exchange trade for a few days, the managing director of the market regulator said on Saturday. "The central bank intervened on Friday ... it sold dollars to the bank

Published 20 Sep, 2015 12:00am

Currency

Net US dollar longs hit lowest in more than a year

Speculators pared back bullish bets on the US dollar this week to their lowest level since late July last year, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long

Published 20 Sep, 2015 12:00am

Currency

Sri Lanka's rupee float seen positive; more economic reforms urged

Sri Lanka has won a thumbs up from ratings agencies and economists for floating its rupee currency after last month's general election, but more reforms will be needed to support the currency and conserve the central bank's modest reserves. The rupee has

Published 20 Sep, 2015 12:00am

Currency

China hopes for good news on IMF currency basket: Chinese official

China is well placed to meet the criteria for inclusion in the International Monetary Fund's benchmark currency basket, the country's representative at the international lender said on Friday. Beijing has launched a major diplomatic push for the yuan's in

Published 20 Sep, 2015 12:00am

Currency

China's yuan bears get cold feet as PBOC steps up intervention

Bets on further weakness in China's yuan fell by more than half in the last two weeks as the central bank continued to intervene to stabilise the currency after its surprise devaluation last month, a Reuters poll showed. The steadier yuan, in turn, helped

Published 20 Sep, 2015 12:00am

Kerb

Singapore sting as Vettel stuns Mercedes

Sebastian Vettel tore up the F1 script and denied Lewis Hamilton a slice of history as he grabbed pole position for the Singapore Grand Prix with a brilliant performance on Saturday. The Ferrari driver gave himself a great chance of a race win and smashed

Published 20 Sep, 2015 12:00am

Nadal wins on return to national duty for Spain

Rafa Nadal returned to Davis Cup action for the first time in two years on Friday with his victory putting Spain ahead in a Group One relegation playoff against Denmark. The 14-times grand slam champion, short of form and beaten in the third round of the

Published 20 Sep, 2015 12:00am

Goetze to auction boots to help refugees

World Cup winner Mario Goetze plans to raise funds to help Germany's immigrants amidst the on-going crisis by auctioning his playing boots embroidered with the hashtag 'refugeeswelcome'. The 23-year-old forward scored Bayern Munich's second goal while wea

Published 20 Sep, 2015 12:00am

Murray brothers put Britain in sight of Davis Cup final

Andy and Jamie Murray moved Great Britain to the verge of a first Davis Cup final since 1978 after defeating Australia's Lleyton Hewitt and Sam Groth in an epic doubles clash in their semi-final on Saturday. World number three Andy and older brother Jamie

Published 20 Sep, 2015 12:00am

Australia to 'bore' their way to victory in subcontinent, says Steven Smith

Australia must stifle their attacking instincts in the subcontinent and "bore" batsmen into giving up their wickets, captain Steven Smith has said. Smith will lead a rebuilding Australia team into a two-test series against Bangladesh next month after a di

Published 20 Sep, 2015 12:00am

Benzema goal edges Real Madrid past Granada

A solitary goal from Karim Benzema spared Real Madrid's blushes as the Spanish giants moved to the top of La Liga with a nervy 1-0 win over Granada on Saturday. Real had scored 15 times in their previous three matches, but they were grateful to some poor

Published 20 Sep, 2015 12:00am

FIFA spurn Barca hope of Rafinha replacement

Barcelona's hopes of being able to register one of their new signings to replace injured Brazilian midfielder Rafinha before their transfer ban is completed have been rejected by FIFA, according to Barca coach Luis Enrique. Rafinha is set to miss the rest

Published 20 Sep, 2015 12:00am

Hungary, Romania punished for supporter racism

Hungary and Romania have both been ordered to play one match behind closed doors for racist behaviour in recent Euro 2016 qualifiers, UEFA announced. Hungary must play their home qualifier against the Faroe Islands behind closed doors after "racist behavi

Published 20 Sep, 2015 12:00am

Sangakkara denied as Gloucestershire win cup final

Sri Lanka's Kumar Sangakkara was denied an English one-day cup final triumph as Gloucestershire held their nerve to snatch a dramatic six-run victory over Surrey at Lord's on Saturday. Chasing 221 to win, Surrey looked on course to hoist the trophy thanks

Published 20 Sep, 2015 12:00am

Seeds scattered as Wickmayer, Linette reach Tokyo final

Belgian Yanina Wickmayer will meet Poland's Magda Linette in the Japan Women's Open final after both produced upsets Saturday to continue a trend this week in Tokyo. Former US Open semi-finalist Wickmayer halted seventh seed Ajla Tomljanovic's fine run by

Published 20 Sep, 2015 12:00am

Chelsea sink nine-man Arsenal, Newcastle lose again

Kurt Zouma and Eden Hazard gave Chelsea a controversial 2-0 win over nine-man Arsenal on Saturday as the simmering feud between the bitter rivals boiled over with red cards for Gabriel and Santi Cazorla. Watford heaped more misery on former England manage

Published 20 Sep, 2015 12:00am

Swiss government raises 2015 growth forecast

The Swiss government on Thursday raised its economic growth forecast for 2015 but cautioned that a continued recovery in the euro zone was crucial to the Alpine nation's prospects. Switzerland's export-reliant economy has had to adjust to a surge in the S

Published 20 Sep, 2015 12:00am

Currency

With eye to Rouhani Paris visit, French firms head to Iran

A senior French economic and political delegation heads to Tehran on Sunday to lay the groundwork for the first business contracts between France and Iran since an accord to curb its nuclear programme in July. France's main business lobby group, the Medef

Published 20 Sep, 2015 12:00am

Russian finance ministry proposes move to raise tax on oil extraction

Russia's finance ministry has proposed changing the calculation method for Mineral Extraction Tax for oil companies by including a so-called "rouble deduction" that would significantly boost revenues, news agency RIA reported on Saturday, citing finance m

Published 20 Sep, 2015 12:00am

Bangladesh wants to invest $8 billion in infrastructure

Bangladesh's government wants to invest $8 billion over the next few years in infrastructure to improve the economy and sought help from private sector to share the cost which the government could not bear alone. S. A. Samad, the executive chairman of the

Published 20 Sep, 2015 12:00am

ECB chief economist declares 'readiness and decisiveness' to act

The European Central Bank's chief economist reiterated the bank's "readiness and decisiveness" to modify its trillion-euro bond-buying program should economic turbulence merit decisive action, according to an interview in a Swiss newspaper. Interviewed by

Published 20 Sep, 2015 12:00am

Currency

Nigeria's central bank injects dollars into banking system

Nigeria's central bank injected dollars into the market on Friday after a lull in foreign exchange trade for a few days, the managing director of the market regulator said on Saturday. "The central bank intervened on Friday ... it sold dollars to the bank

Published 20 Sep, 2015 12:00am

Telecom Egypt chairman Mohamed Salem resigns

Mohamed Salem, chairman of Egypt's state-owned landline telecom monopoly Telecom Egypt, said he resigned on Saturday, shortly after a new government was sworn in by President Abdel Fattah al-Sisi. Salem, a former telecommunications minister, had taken up

Published 20 Sep, 2015 12:00am

Fed's Lacker says economy strong enough for higher rates

Richmond Federal Reserve President Jeffrey Lacker on Saturday said he dissented at a Fed policy meeting because he thought the economy was now strong enough to warrant higher interest rates. Fed policymakers on Thursday voted to keep the Fed's target inte

Published 20 Sep, 2015 12:00am

France vows to push on with reforms after Moody's downgrade

France's finance minister reaffirmed the country's commitment to economic reforms on Friday after ratings agency Moody's cut French bond ratings by a notch to Aa2, citing continued weakness in the country's medium-term growth outlook. The French governmen

Published 20 Sep, 2015 12:00am

France vows to push on with reforms after Moody's downgrade

France's finance minister reaffirmed the country's commitment to economic reforms on Friday after ratings agency Moody's cut French bond ratings by a notch to Aa2, citing continued weakness in the country's medium-term growth outlook. The French governmen

Published 20 Sep, 2015 12:00am

Currency

China trying to keep yuan from falling more: US Treasury official

A senior US Treasury official said on Friday that China has been intervening to keep its yuan currency from falling more than it otherwise would and that the sooner Beijing lets the market work, the better for China. The official, who spoke to a group of

Published 20 Sep, 2015 12:00am

Louis Dreyfus ends long CEO hunt with internal pick

Louis Dreyfus Commodities picked its Asia head to lead the global grain trading group, it said on Friday, after a long search for a chief executive as it seeks to end a corporate shakeup at the family-owned business. The appointment of Gonzalo Ramirez Mar

Published 20 Sep, 2015 12:00am

Over 20 countries on 'waiting list' to join AIIB: China

More than 20 countries are waiting to join the China-initiated Asian Infrastructure Investment Bank (AIIB), its designated president said Saturday as he allayed concerns it was aimed to challenge US and Japanese influence in the region. The number could b

Published 20 Sep, 2015 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 31	278.65
USD PKR Interbank Buying / Dec 31	278.45
USD to Japanese Yen / Dec 31	156.20
USD to Swiss Franc / Dec 31	0.90
Pound Sterling to USD / Dec 31	1.26
Euro to USD / Dec 31	1.04

Stock	Volume
S&P 500 / Dec 30	5,906.94
Tokyo Nikkei / Dec 30	39,894.54
Nasdaq / Dec 30	19,486.79
Dow Jones / Dec 30	42,573.73
Germany DAX 30 / Dec 30	19,909.14
India Sensex / Dec 31	78,017.14
Hang Seng / Dec 31	20,059.95
FTSE 100 / Dec 31	8,125.32

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 30	17,785
Gold 10 Grams PKR / Dec 30	241,430.80
Petrol/Litre / Dec 31	252.10
Crude Oil USD/Barrel / Dec 31	71.59
Gold Spot USD/Ounce / Dec 31	2,605.88
Diesel/Litre / Dec 31	255.38

Stock	Price
Hira Textile / Dec 31 Hira Textile Mills Limited(HIRAT)	3.83 ▲ 0.53 (16.06%)
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	8.33 ▲ 1.00 (13.64%)
Tariq Corp.Pref. / Dec 31 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.88 ▲ 0.88 (12.57%)
Pak Int.Bulk / Dec 31 Pakistan International Bulk Terminal(PIBTL)	9.38 ▲ 1.00 (11.93%)
Gulshan Sp. / Dec 31 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.47 (11.75%)
Sec. Inv. Bank / Dec 31 Security Investment Bank Limited(SIBL)	9.99 ▲ 1.00 (11.12%)
LSE Financial Serv. / Dec 31 LSE Financial Services Limited(LSEFSL)	15.70 ▲ 1.43 (10.02%)
Sindh Abadgar / Dec 31 Sindh Abadgar's Sugar Mills Limited(SASML)	39.33 ▲ 3.58 (10.01%)
Ali Asghar / Dec 31 Ali Asghar Textile Mills Limited(AATM)	65.45 ▲ 5.95 (10.00%)

Stock	Price
First Capital Equities / Dec 31 First Capital Equities Limited(FCEL)	5.12 ▼ -0.98 (-16.07%)
Pak Agro Pack. (GEM) / Dec 31 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.60 ▼ -0.90 (-10.59%)
Nimir Resins / Dec 31 Nimir Resins Limited(NRSL)	30.76 ▼ -3.42 (-10.01%)
Frontier Ceram / Dec 31 Frontier Ceramics Limited(FRCL)	42.91 ▼ -4.77 (-10.00%)
Fateh Sports / Dec 31 Fateh Sports Wear Limited(FSWL)	78.50 ▼ -8.72 (-10.00%)
Khairpur Sug. / Dec 31 Khairpur Sugar Mills Limited(KPUS)	203.81 ▼ -22.65 (-10.00%)
Shahmurad Sugar / Dec 31 Shahmurad Sugar Mills Limited(SHSML)	425.82 ▼ -47.31 (-10.00%)
Gammon Pak / Dec 31 Gammon Pakistan Limited(GAMON)	45.59 ▼ -5.06 (-9.99%)
TPL Trakker Ltd / Dec 31 TPL Trakker Limited(TPLT)	9.37 ▼ -1.04 (-9.99%)

Stock	Volume
Cnergyico PK / Dec 31 Cnergyico PK Limited(CNERGY)	211,171,918 ▲ 0.44
WorldCall Telecom / Dec 31 Worldcall Telecom Limited(WTL)	111,551,930 ▼ -0.05
B.O.Punjab / Dec 31 The Bank of Punjab(BOP)	84,182,656 ▲ 0.32
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	66,076,157 ▲ 1.00
Fauji Foods Ltd / Dec 31 Fauji Foods Limited(FFL)	55,498,335 ▲ 0.65
Pak Refinery / Dec 31 Pakistan Refinery Limited(PRL)	49,739,161 ▲ 3.44
Silk Bank Ltd / Dec 31 Silkbank Limited(SILK)	48,777,302 ▼ -0.01
K-Electric Ltd. / Dec 31 K-Electric Limited(KEL)	45,320,218 ▲ 0.13
Pak Elektron / Dec 31 Pak Elektron Limited(PAEL)	36,348,761 ▼ -1.02

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