News Archives for Print - 2015-10-01

JLI YAQEEN GROWTH FUND RATES

JLI Yaqeen Growth Fund Rates on Wednesday (September 30, 2015).

Published 01 Oct, 2015 12:00am

July-September (2015-16): Rs 57 billion shortfall in revenue collection

The Federal Board of Revenue (FBR) has provisionally collected Rs 589 billion during first quarter of July-September (2015-16) against projection of Rs 646 billion, reflecting a shortfall of Rs 57 billion. According to the FBR's data compiled here on Wedn

Published 01 Oct, 2015 12:00am

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (September 30, 2015).

Published 01 Oct, 2015 12:00am

MQM's Ghauri, Anwar meet HC in London

Muttahida Qaumi Movement (MQM) leaders, Babar Ghauri and Muhammad Anwar on Wednesday met Pakistani High Commissioner to the United Kingdom, Syed Ibne Abbas, here at the Pakistan High Commission. Highly placed sources said the prevailing situation in conne

Published 01 Oct, 2015 12:00am

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (September 30, 2015).

Published 01 Oct, 2015 12:00am

MQM's Ghauri, Anwar meet HC in London

Muttahida Qaumi Movement (MQM) leaders, Babar Ghauri and Muhammad Anwar on Wednesday met Pakistani High Commissioner to the United Kingdom, Syed Ibne Abbas, here at the Pakistan High Commission. Highly placed sources said the prevailing situation in conne

Published 01 Oct, 2015 12:00am

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (September 30, 2015).

Published 01 Oct, 2015 12:00am

CoAS meets Chief of British Armed Forces

Chief of the Army Staff (CoAS) General Raheel Sharif, who is on a three-day official visit to United Kingdom (UK), met Chief of the Defence Staff of the British Armed Forces, General Sir John Nicholas Reynolds Houghton in London. According to DG ISPR twee

Published 01 Oct, 2015 12:00am

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (September 30, 2015).

Published 01 Oct, 2015 12:00am

CoAS meets Chief of British Armed Forces

Chief of the Army Staff (CoAS) General Raheel Sharif, who is on a three-day official visit to United Kingdom (UK), met Chief of the Defence Staff of the British Armed Forces, General Sir John Nicholas Reynolds Houghton in London. According to DG ISPR twee

Published 01 Oct, 2015 12:00am

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (September 30, 2015).

Published 01 Oct, 2015 12:00am

2006 train blasts: Indian court sentences five to death

An Indian court sentenced five men to death on Wednesday for a series of bomb blasts that ripped through packed trains in Mumbai in 2006, killing nearly 200 people and injuring many more. Another seven people found guilty of involvement in the attacks in

Published 01 Oct, 2015 12:00am

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (September 30, 2015).

Published 01 Oct, 2015 12:00am

2006 train blasts: Indian court sentences five to death

An Indian court sentenced five men to death on Wednesday for a series of bomb blasts that ripped through packed trains in Mumbai in 2006, killing nearly 200 people and injuring many more. Another seven people found guilty of involvement in the attacks in

Published 01 Oct, 2015 12:00am

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 30, 2015).

Published 01 Oct, 2015 12:00am

Sub-Article 5 of Article 239: petition admitted for hearing

Supreme Court (SC) on Wednesday admitted a plea for hearing filed by advocate Zulfiqar Ahmed Bhutta. He urged the court to declare sub-Article 5 of amended Article 239 void terming it against the preamble of the Constitution of Pakistan. Sub-Article 5 of

Published 01 Oct, 2015 12:00am

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 30, 2015).

Published 01 Oct, 2015 12:00am

Sub-Article 5 of Article 239: petition admitted for hearing

Supreme Court (SC) on Wednesday admitted a plea for hearing filed by advocate Zulfiqar Ahmed Bhutta. He urged the court to declare sub-Article 5 of amended Article 239 void terming it against the preamble of the Constitution of Pakistan. Sub-Article 5 of

Published 01 Oct, 2015 12:00am

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 30, 2015).

Published 01 Oct, 2015 12:00am

ISE index improves 26.64 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Wednesday, where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 26.64 points as the ISE Ten Index moved

Published 01 Oct, 2015 12:00am

Currency

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 01 Oct, 2015 12:00am

ISE index improves 26.64 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Wednesday, where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 26.64 points as the ISE Ten Index moved

Published 01 Oct, 2015 12:00am

Currency

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (September 30, 2015).

Published 01 Oct, 2015 12:00am

LSE index up 13.45 points

Equities registered gains on the Lahore Stock Exchange (LSE) amid descending transaction volume on Wednesday. The LSE-25 index gained 13.45 points to close at 5370.75 against 5357.30 of Tuesday while transaction volume was declined to 539,700 shares compa

Published 01 Oct, 2015 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (September 30, 2015).

Published 01 Oct, 2015 12:00am

LSE index up 13.45 points

Equities registered gains on the Lahore Stock Exchange (LSE) amid descending transaction volume on Wednesday. The LSE-25 index gained 13.45 points to close at 5370.75 against 5357.30 of Tuesday while transaction volume was declined to 539,700 shares compa

Published 01 Oct, 2015 12:00am

Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (September 30, 2015).

Published 01 Oct, 2015 12:00am

'Reason to be concerned' about global economy: IMF

The International Monetary Fund voiced concern Wednesday about the global economy, weakened by China's slowdown and facing a potential "vicious cycle" from a looming US interest rate hike. "On the economic front, there is... reason to be concerned. The pr

Published 01 Oct, 2015 12:00am

Currency

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Wednesday (September 30, 2015).

Published 01 Oct, 2015 12:00am

Emerging markets slow: WTO cuts trade growth forecasts

The World Trade Organisation cut its forecast for growth in global trade due to emerging markets slowing, and warned an increase in US interest rates and the refugee crisis in Europe could crimp trade growth further. The WTO said falling prices for commod

Published 01 Oct, 2015 12:00am

Currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (September 30, 2015).

Published 01 Oct, 2015 12:00am

BRIndex30 up 119.02 points

On Wednesday, BRIndex30 opened at 19,690.81 points. It touched an intraday high of 19,997.44 points and an intraday low of 19,523.98 points and closed at 19,809.83 points which was 119.02 points or 0.6 percent higher than previous close. Total volume was

Published 01 Oct, 2015 12:00am

Currency

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (September 30, 2015).

Published 01 Oct, 2015 12:00am

BRIndex30 up 119.02 points

On Wednesday, BRIndex30 opened at 19,690.81 points. It touched an intraday high of 19,997.44 points and an intraday low of 19,523.98 points and closed at 19,809.83 points which was 119.02 points or 0.6 percent higher than previous close. Total volume was

Published 01 Oct, 2015 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (September 30, 2015).

Published 01 Oct, 2015 12:00am

Equities recoup losses

Stocks showed recovery Wednesday to close at 32,287.41, up 73 points or 0.23 percent. The KSE-100 index moved both ways to hit the intraday high and low of 32,558.61 and 32,048.70 points, respectively. "Stocks showed recovery at the quarter end close afte

Published 01 Oct, 2015 12:00am

Libor

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (September 30, 2015).

Published 01 Oct, 2015 12:00am

Equities recoup losses

Stocks showed recovery Wednesday to close at 32,287.41, up 73 points or 0.23 percent. The KSE-100 index moved both ways to hit the intraday high and low of 32,558.61 and 32,048.70 points, respectively. "Stocks showed recovery at the quarter end close afte

Published 01 Oct, 2015 12:00am

Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (September 30, 2015).

Published 01 Oct, 2015 12:00am

Equities recoup losses

Stocks showed recovery Wednesday to close at 32,287.41, up 73 points or 0.23 percent. The KSE-100 index moved both ways to hit the intraday high and low of 32,558.61 and 32,048.70 points, respectively. "Stocks showed recovery at the quarter end close afte

Published 01 Oct, 2015 12:00am

Currency

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (September 30, 2015).

Published 01 Oct, 2015 12:00am

Cotton

PM's package for farmers: implementation partially stopped

The Election Commission of Pakistan (ECP) on Thursday partially stopped the implementation of the Rs 341 Kissan Package announced by Prime Minister Nawaz Sharif. Prime Minister Nawaz Sharif announced the Kissan Package on September 15. The ECP has taken n

Published 01 Oct, 2015 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (September 30, 2015).

Published 01 Oct, 2015 12:00am

Cotton

PM's package for farmers: implementation partially stopped

The Election Commission of Pakistan (ECP) on Thursday partially stopped the implementation of the Rs 341 Kissan Package announced by Prime Minister Nawaz Sharif. Prime Minister Nawaz Sharif announced the Kissan Package on September 15. The ECP has taken n

Published 01 Oct, 2015 12:00am

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 01 Oct, 2015 12:00am

Currency

Bank transactions, tax returns: deadlines extended to October 31

Finance Minister Ishaq Dar has categorically made it clear that government would not withdraw withholding tax on banking transactions of non-filers at any cost but is ready to listen and solve the genuine concerns of traders through mutual consultation. A

Published 01 Oct, 2015 12:00am

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 01 Oct, 2015 12:00am

Currency

Bank transactions, tax returns: deadlines extended to October 31

Finance Minister Ishaq Dar has categorically made it clear that government would not withdraw withholding tax on banking transactions of non-filers at any cost but is ready to listen and solve the genuine concerns of traders through mutual consultation. A

Published 01 Oct, 2015 12:00am

Currency

Chinese dream - a dream for the Asia-Pacific region

In our lives, everyone has an ideal, ambition and dream, and these make our lives beautiful and encourage us to pursue a better future. The Chinese people are now talking about the Chinese Dream, which was first unveiled by Chinese President Xi Jinping in

Published 01 Oct, 2015 12:00am

Currency

Bank transactions, tax returns: deadlines extended to October 31

Finance Minister Ishaq Dar has categorically made it clear that government would not withdraw withholding tax on banking transactions of non-filers at any cost but is ready to listen and solve the genuine concerns of traders through mutual consultation. A

Published 01 Oct, 2015 12:00am

China's economy to sustain 'mid-to- high-speed' growth

All the world are interested in the outlook of the Chinese economy. Some people may even worry about the possible potential impact of China's economic slowdown and transition. What is really happening in China? The answer is the Chinese economy has entere

Published 01 Oct, 2015 12:00am

Pakistan rejects occupation of Afghan territory by any group

A top Pakistani diplomat, asked to comment about the capture by the Taliban of the Afghan city of Kunduz, has said that occupation of a part of Afghanistan by any group was "unacceptable" to his country. "Afghanistan is being run by a democratically elect

Published 01 Oct, 2015 12:00am

CPEC: A gateway between South Asia and East Asia

Pak-China economic corridor is the most significant project as it would usher in a new era of economic progress and prosperity for both countries and would benefit this region as well as the whole world. Economic corridor offers bright future to Pakistan

Published 01 Oct, 2015 12:00am

Pakistan rejects occupation of Afghan territory by any group

A top Pakistani diplomat, asked to comment about the capture by the Taliban of the Afghan city of Kunduz, has said that occupation of a part of Afghanistan by any group was "unacceptable" to his country. "Afghanistan is being run by a democratically elect

Published 01 Oct, 2015 12:00am

Cotton

China-Pakistan Economic Corridor (CPEC)

OLYMPIA (PRIVATE) LIMITED, one of the largest & highly reputed indenting and trading house in business since early 90's. Olympia (Private) Limited with its head office in Lahore - Pakistan is a known business entity with proven trust and success track in

Published 01 Oct, 2015 12:00am

Nato forces aid Afghan troops in Taliban-held Kunduz

Nato said Wednesday its special forces joined Afghan troops in Kunduz to try to push back Taliban insurgents who seized the city, repelled a counter-offensive and advanced on the airport to shore up their biggest victory in 14 years. Heavy fighting was un

Published 01 Oct, 2015 12:00am

President Xi Jinping's 'Four Comprehensives'

What is 'Four Comprehensives'? This theory was first raised by Chinese President Xi Jinping during his trip to Jiangsu Province of China in December 2014 as General Secretary of the Central Committee of the Communist Party of China (CPC) and got an author

Published 01 Oct, 2015 12:00am

Nato forces aid Afghan troops in Taliban-held Kunduz

Nato said Wednesday its special forces joined Afghan troops in Kunduz to try to push back Taliban insurgents who seized the city, repelled a counter-offensive and advanced on the airport to shore up their biggest victory in 14 years. Heavy fighting was un

Published 01 Oct, 2015 12:00am

Message from Najeeb Amin Pardesi Giga, Director/CEO Mayzood Giga International

Independence Day or National Days are perhaps the most important day for a nation to honour as a national holiday. For many nations the date of Independence Day may be of a baffle fought to gain freedom or the birth of a national hero who helped the count

Published 01 Oct, 2015 12:00am

US military favours keeping troops in Afghanistan past 2016

In a potential major shift in policy, US military commanders want to keep at least a few thousand US troops in Afghanistan beyond 2016, citing a fragile security situation highlighted by the Taliban's capture of the northern city of Kunduz this week as we

Published 01 Oct, 2015 12:00am

Message from Haji Amin Giga, Vice Chairman Giga Group of Companies

On this auspicious occasion of the 66th National day of the People's Republic of China, I feel immense pleasure to render my heartiest greetings to the people of China. I delightfully acknowledge that China has always supported Pakistan in its just causes

Published 01 Oct, 2015 12:00am

US military favours keeping troops in Afghanistan past 2016

In a potential major shift in policy, US military commanders want to keep at least a few thousand US troops in Afghanistan beyond 2016, citing a fragile security situation highlighted by the Taliban's capture of the northern city of Kunduz this week as we

Published 01 Oct, 2015 12:00am

Message from Haji M. Rafiq Giga, Chairman Giga Group of Companies

It is indeed a matter of extreme jubilation for me to share my thoughts on the auspicious occasion of 66th Independence Day of the Peoples Republic of China. There is no doubt about the fact that Pakistan is not only connected to China geographically but

Published 01 Oct, 2015 12:00am

Pakistan-India tensions: Prime Minister outlines new peace initiative

Underscoring the urgency of resolving the decades-old Kashmir dispute, Prime Minister Muhammad Nawaz Sharif Wednesday outlined a new four-point peace initiative with India aimed at addressing the causes of tensions between the two countries, and urged New

Published 01 Oct, 2015 12:00am

Message from His Excellence, Sun Weidong, Ambassador, People's Republic of China

Sino-Pak bilateral fraternal ties have always proved to be understanding, trusting, supporting and helping each other. China is a country with a vast territory, a huge population and 5000-year splendid civilisation.

Published 01 Oct, 2015 12:00am

Pakistan-India tensions: Prime Minister outlines new peace initiative

Underscoring the urgency of resolving the decades-old Kashmir dispute, Prime Minister Muhammad Nawaz Sharif Wednesday outlined a new four-point peace initiative with India aimed at addressing the causes of tensions between the two countries, and urged New

Published 01 Oct, 2015 12:00am

Message from Secretary General, Pak-China Club

It gives me great pleasure to extend to the Government and the people of China most cordial greetings on the occasion of the 66th birthday of the People's Republic of China. China's achievements are a source of pride and inspiration for Pakistan. China co

Published 01 Oct, 2015 12:00am

Russia starts air strikes in Syria, tells US to steer clear

Russia launched air strikes in Syria on Wednesday in the Kremlin's biggest Middle East intervention in decades, but Moscow's assertion that it had hit Islamic State was immediately disputed by the United States and rebels on the ground. The air strikes pl

Published 01 Oct, 2015 12:00am

Message from Chief Advisor Pak-China Club

On the festive occassions of celeberation of the 66th anniversary of the People's Republic Of China, I am delightedly to extend my best wishes to the People's Republic Of China. China & Pakistan are linked by mountains and rivers and the friendship betwee

Published 01 Oct, 2015 12:00am

Russia starts air strikes in Syria, tells US to steer clear

Russia launched air strikes in Syria on Wednesday in the Kremlin's biggest Middle East intervention in decades, but Moscow's assertion that it had hit Islamic State was immediately disputed by the United States and rebels on the ground. The air strikes pl

Published 01 Oct, 2015 12:00am

Message from President, PAK-CHINA CLUB Pakistan

I would like to warmly congratulate the Government and the people of China on the occasion of their 66th anniversary. Pakistan and China are linked by common mountains. The friendship between our people has a time honoured history and our two countries re

Published 01 Oct, 2015 12:00am

Message from Chief Patron, Pak-China Club

Mehtab Uddin Chawla, Chief Patron, Pak-China Club on behalf of the citizens of Pakistan congratulate and extend our highest regards & best wishes to the people and the government of the Peoples Republic of China, on its 66th National Day Anniversary. This

Published 01 Oct, 2015 12:00am

Maritime Training Institute, Karachi

Established in 1998, it is FRIST EVER INSTITUTE WHICH IS ISO-9001, ISO 14001, OHSAS 18001 & ISM 1.12 CERTIFIED. Captioned institute is an International and National Awards Winner, and one of the premier and leading institute in Pakisatn imparting educatio

Published 01 Oct, 2015 12:00am

FIRST HABIB MODARABA: 30 Years - Journey of continuous success

First Habib Modaraba (FHM) is operating in Pakistan's financial market as Non-Bank Islamic Financial Institution as one of the pioneers in Modaraba sector. The concept of Modaraba as a Shariah compliant mode of business was evolved and introduced as an in

Published 01 Oct, 2015 12:00am

Investment regulations and economy

Investment plays a crucial role in economic growth and development of nations. The declining trend of investment in Pakistan does not support the economic progress and industrialisation. Pakistan is also in-competitive in cross border trade due to physica

Published 01 Oct, 2015 12:00am

SMEs/SSGATE desk in Pakistan

Small and Medium Enterprises (SMEs) are known as the solution of economic progress, modernisation and the development of employment, employment potential, creation of income and scientific progression in both developed and developing countries, as they pr

Published 01 Oct, 2015 12:00am

Message from President FPCCI

To encourage the outstanding performance of Organisations and Individuals, the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) takes pride being the pioneer of high caliber event, the FPCCI Achievement Awards, which are given on the basis o

Published 01 Oct, 2015 12:00am

Message from Chief Minister, Sindh

The Federation of Chambers & Commerce & Industry (FPCCI) is organising the 3rd FPCCI Achievement Awards 2014 to recognise the outstanding achievements of individuals and firms for enhancing the insignia of Pakistan. As we know that, in knowledge drive glo

Published 01 Oct, 2015 12:00am

Message from Governor Sindh

It is truly commendable that the Federal of Pakistan Chamber of Commerce & Industry is organising 3rd FPCCI Achievement Awards Ceremony in recognition of the services of individuals and organisations of Pakistan. FPCCl's Awards plays a crucial role in pro

Published 01 Oct, 2015 12:00am

Message from Federal Minister for Finance, Revenue, Economic Affairs, Statistics and Privatisation

I am glad to lean that the Federation of Pakistan Chambers of Commerce and Industry (FPCI) is organising 3rd FPCCI Achievement Awards to pay tribute to the proficient and bright people and organisations who have performed well in the field of trade, indus

Published 01 Oct, 2015 12:00am

Message from Prime Minister, Islamic Republic of Pakistan

I am pleased to learn that the Federation of Pakistan Chambers of Commerce and Industry is organising the 3rd FPCCI Achievement Awards to honour individuals and organisations who have excelled in trade and industry and have thereby contributed to the soci

Published 01 Oct, 2015 12:00am

Message from Mamnoon Hussain President Islamic Republic of Pakistan

I am pleased to learn that Federation of Pakistan Chambers of Commerce & Industry (FPCCI) is organising 3rd FPCCI Achievement Awards in order to acknowledge the achievements and the contributions of the leading businessmen and business organisations towar

Published 01 Oct, 2015 12:00am

CBOT wheat futures lower after choppy session

Chicago Board of Trade wheat futures ended lower on Tuesday after a seesaw session as traders adjusted positions one day ahead of a pair of US Department of Agriculture crop reports, traders said. The spot December wheat contract held above support at its

Published 01 Oct, 2015 12:00am

Cotton

Daily trading report of PMEX

On Tuesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 7,691 million as compared to PKR 6,937 million reported on Monday, an increase of 11 percent. The number of lots traded also increased by 19 percent to 55.34 million from 46.47 milli

Published 01 Oct, 2015 12:00am

US FOB Gulf soyabean premiums steady to higher

Soyabean export premiums at the Gulf Coast were mostly steady to higher on Tuesday on firm CIF barge basis values and moderate demand from top importer China, traders said. CIF soyabean basis bids jumped as rainy weather stalled grain loading at some elev

Published 01 Oct, 2015 12:00am

US natural gas futures fall three percent on mild forecasts

US natural gas futures for November fell more than 3 percent on Tuesday on forecasts for continued mild weather expected to keep demand low over the next two weeks. On its first day as the front-month, the November future on the New York Mercantile Exchan

Published 01 Oct, 2015 12:00am

Activity at Karachi & Qasim ports

The Karachi Port handled 81,494 tonnes of cargo comprising 70,709 tonnes of import cargo and 10,785 tonnes of export cargo including 3,996 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 70

Published 01 Oct, 2015 12:00am

Cotton

Oil cake market rates

The December vaida maintained rising trend on the forward cottonseeds oilcake market on Wednesday in the process of trading, dealers said. The December vaida closed at Rs 1306.80 and opened with 20 paisa gain at Rs 1307.00 in the early session, dealers sa

Published 01 Oct, 2015 12:00am

Cotton

Cotton market: prices firm on rising demand by mills, spinners

Hovering fears about the size and quality of next production of cotton, propelled mills and spinners to keep forward buying, dealers said on the cotton market on Wednesday. The official spot rate was unchanged at Rs 4,750, dealers said. In Sindh, seed cot

Published 01 Oct, 2015 12:00am

Canadian canola prices rise

ICE Canadian canola prices rose on Tuesday, lifted by crusher buying and strength in US soya values. Rising yields as harvest continues in Western Canada limited gains. November canola added $3.10 to $476.90 per tonne. January canola gained $3.10 to $481.

Published 01 Oct, 2015 12:00am

Cotton

Mixed trend seen on grain market

Mixed trend prevailed on the wholesale grain market on Wednesday amid hectic trading activity, dealers said. On the cereals side Masoor Canada low type lost Rs 500 to Rs 8500 and the best type followed same trend, losing Rs 200 to Rs 9000, Masoor Dall Can

Published 01 Oct, 2015 12:00am

German labour market resilient despite unemployment uptick

German unemployment edged up in September due partly to late school holidays in some states, but the jobless rate held at a record low in a further sign that consumer spending will propel growth in Europe's largest economy this year. Retail sales data als

Published 01 Oct, 2015 12:00am

UK current account deficit narrows sharply, living standards pick up

Britain's hefty current account deficit with the rest of the world narrowed much more sharply than expected after a surge in exports in the three months to June, but a slowing global economy may make this hard to sustain. Living standards also picked up,

Published 01 Oct, 2015 12:00am

US jobs sector gains, Midwest manufacturing stumbles

US companies hired workers at a solid clip in September, but data showed factory activity in the US Midwest contracted, muddying the economic picture for the Federal Reserve on whether to raise interest rates later this year. US private employers added 20

Published 01 Oct, 2015 12:00am

Eurozone inflation turns negative, putting ECB in corner

Eurozone inflation turned negative again in September as oil prices tumbled, raising pressure on the European Central Bank to beef up its asset purchases to kick start anaemic price growth. Prices fell by 0.1 percent on an annual basis, the first time sin

Published 01 Oct, 2015 12:00am

Porsche names new CEO

Porsche, the luxury sports car division of German auto giant Volkswagen, on Wednesday named Oliver Blume as its new chief executive replacing Matthias Mueller, who has been made head of the entire VW group. Porsche said in a statement that its supervisory

Published 01 Oct, 2015 12:00am

China's top banks help launch $28 billion public-private partnership fund

China's biggest banks, including Industrial & Commercial Bank of China Ltd, have joined other financial firms in a 180 billion yuan ($28 billion) fund to invest in public-private partnership (PPP) projects. The Ministry of Finance (MOF) launched the fund

Published 01 Oct, 2015 12:00am

China's top banks help launch $28 billion public-private partnership fund

China's biggest banks, including Industrial & Commercial Bank of China Ltd, have joined other financial firms in a 180 billion yuan ($28 billion) fund to invest in public-private partnership (PPP) projects. The Ministry of Finance (MOF) launched the fund

Published 01 Oct, 2015 12:00am

Currency

'People's QE' plan not a taboo for all UK economists

The "People's Quantitative Easing" plan set out by the new leader of Britain's opposition Labour Party is too radical for most economists, but some say the idea of central banks printing money for government spending is not unthinkable. Most economists in

Published 01 Oct, 2015 12:00am

World Bank urges Russia to cut spending

Russia needs to cut government spending in preparation for prolonged low oil prices, the World Bank said on Wednesday, predicting an economic contraction would be longer and deeper than previously forecast. In a biannual report on the Russian economy, the

Published 01 Oct, 2015 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	156.63
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Diesel/Litre / Dec 23	255.38

Stock	Price
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6 ▲ 0.85 (16.50%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.81 ▲ 0.90 (15.23%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)
Pak. P.V.C. / Dec 23 Pakistan PVC Limited(PPVC)	10.70 ▲ 1.00 (10.31%)

Stock	Price
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Olympia Mills / Dec 23 Olympia Mills Limited(OML)	34.60 ▼ -3.82 (-9.94%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	13.87 ▼ -1.47 (-9.58%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	14.25 ▼ -1.26 (-8.12%)
S.G.Power / Dec 23 S.G. Power Limited(SGPL)	10.32 ▼ -0.87 (-7.77%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.11
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	59,964,928 ▲ 0.90
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.12
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.38
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.49
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	37,550,380 ▲ 1.86
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	34,913,364 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	31,730,495 ▲ 2.49
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.22

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