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Nov 02, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-10-13
FCCI VP urges Prime Minister to announce export package
Cotton

FCCI VP urges Prime Minister to announce export package

Inherent resilience in textile sector must be complemented with immediate announcement of export package by Prime Minister Nawaz Sharif to overcome the ill impacts of climate change on cotton value chain in Pakistan, said Vice President Faisalabad Chamber
Published 13 Oct, 2015 12:00am
Imran smells 'rigging conspiracy' in NA-122

Imran smells 'rigging conspiracy' in NA-122

Imran Khan, Pakistan Tehreek-e-Insaf (PTI) Chairman, smelt a conspiracy of rigging in NA-122 by-elections, where his party candidate was defeated by Pakistan Muslim League-Nawaz (PML-N) candidate Ayaz Sadiq. "We are investigating the number of PTI votes t
Published 13 Oct, 2015 12:00am
Protest against illegal mining in Upper Kurram

Protest against illegal mining in Upper Kurram

Tribesmen held a protest against illegal mining in Upper Kurram Agency on Monday and demanded to stop it immediately. According to details, a large number of local tribesmen held strong protest by blocking Warsak Road and chanted slogans in favour of thei
Published 13 Oct, 2015 12:00am
MoTI accused of protecting Indian products

MoTI accused of protecting Indian products

All Pakistan Textile Mills Association (APTMA) Senior Vice Chairman Shahid Mazhar Puri has criticised the Ministry of Textile Industry for protecting the Indian textile products in Pakistan. "This is my personal view and being the senior Vice Chairman APT
Published 13 Oct, 2015 12:00am
RAW behind Fata insurgency, Balochistan unrest: Sartaj

RAW behind Fata insurgency, Balochistan unrest: Sartaj

Advisor to Prime Minister on National Security and Foreign Affairs Sartaj Aziz Monday said that growing involvement of Indian spy agency RAW in Fata insurgency and its subversive activities in other parts of Pakistan would be raised again before the inten
Published 13 Oct, 2015 12:00am
Shanghai copper climbs

Shanghai copper climbs

Shanghai Futures Exchange copper climbed 1.4 percent, with similar gains seen in lead, aluminium, while ShFE nickel rallied 2.3 percent on Monday and Shanghai zinc ended up 4.3 percent after production cuts by Glencore revived sentiment towards metals and
Published 13 Oct, 2015 12:00am
Copper gains on Glencore cuts but China worries persist

Copper gains on Glencore cuts but China worries persist

Copper rose further on Monday as production cuts by Glencore continued to boost base metals, but analysts warned the output shift may not be enough to offset weak demand growth in China. Benchmark copper on the London Metal Exchange closed 0.5 percent up
Published 13 Oct, 2015 12:00am
Zinc and copper most likely to see gains in 2016

Zinc and copper most likely to see gains in 2016

Zinc and copper are the most likely metals to see price increases next year while aluminium is the overwhelming choice for further declines, an informal poll by Macquarie showed on Monday. Zinc was the choice of 36 percent of several hundred people attend
Published 13 Oct, 2015 12:00am
Brazil cane crush at 40.5 million tonnes, meets market forecasts

Brazil cane crush at 40.5 million tonnes, meets market forecasts

Brazil's main center-south cane belt crushed 40.47 million tonnes in the second half of September, recovering some ground after a wet start to last month slowed harvest of the world's biggest sugar cane crop, industry association Unica said on Thursday. C
Published 13 Oct, 2015 12:00am
Malaysian palm oil rises on weaker ringgit
Vegetable Oil

Malaysian palm oil rises on weaker ringgit

Malaysian palm oil futures snapped a four-day losing streak on Monday, buoyed by a weaker ringgit and tracking competing vegetable oil markets in spite of government data showing local stockpiles at an all-time high. The benchmark December palm oil contra
Published 13 Oct, 2015 12:00am
Arabica coffee surges to two-month high

Arabica coffee surges to two-month high

Arabica coffee futures surged to a two-month high on Monday, extending their biggest rally in a year as increasing concerns about dry crop weather forecasts in top grower Brazil sparked a fresh wave of short covering. Raw sugar futures tumbled more than 2
Published 13 Oct, 2015 12:00am
Gold jumps in Asia

Gold jumps in Asia

Gold jumped to a seven-week high on Monday bolstered by a weaker dollar and expectations the Federal Reserve will not hike US interest rates this year. Spot gold rose 0.8 percent to $1,166.26 an ounce by 0651 GMT, after climbing to $1,166.60 earlier in th
Published 13 Oct, 2015 12:00am
Gold rises to three-month high in Europe
Currency

Gold rises to three-month high in Europe

Gold rose to its highest level since early July on Monday as expectations that the Federal Reserve will postpone an expected US interest rate hike beyond the end of the year pressured the dollar to three-week lows against a currency basket. The dollar ind
Published 13 Oct, 2015 12:00am
Mexican crude oil output may only return to 2012 levels in 2018

Mexican crude oil output may only return to 2012 levels in 2018

Mexico may succeed in bringing oil production only back to where it was three years ago by the time the current administration ends in 2018 despite a major reform to open up the industry, a senior government official said on Wednesday. In December 2012, t
Published 13 Oct, 2015 12:00am
US MIDDAY: soyabeans extend gains

US MIDDAY: soyabeans extend gains

US soyabean futures firmed on Monday on follow-through buying after a smaller-than-expected US government crop estimate last week, with prospects for a pick-up in export demand lending support, analysts said. Corn futures fell as traders unwound long corn
Published 13 Oct, 2015 12:00am
'Highly controversial step by SRB'

'Highly controversial step by SRB'

This refers to the reply of Uzma Ghory, Assistant Commissioner (Tax Policy), SRB, carried by Business Recorder on 1st October, 2015 who asserted that immovable rented for commercial purposes amounts to services like restaurants who charge, collect
Published 13 Oct, 2015 12:00am
PIA-Palpa standoff has finally ended

PIA-Palpa standoff has finally ended

There was a continuing impasse in the negotiations between the PIA management and the Palpa office-bearers but they seemed to be going round and round in circles and were not reaching on a workable agreement. In the meantime, PIA passengers were suffering
Published 13 Oct, 2015 12:00am
Despite sanctions, Germany and Russia forge ahead in energy deals

Despite sanctions, Germany and Russia forge ahead in energy deals

Russian-German energy co-operation goes back a long time, and remains a vital part of the two countries' economic ties. While the recent crisis in Ukraine has strained political relations, shared ventures in the lucrative energy industry continue regardle
Published 13 Oct, 2015 12:00am
Politicking: what's its cost?

Politicking: what's its cost?

Pakistan today is a country wherein each day begins with revelations of bad governance that shock its citizens. Yet the country's in-power politicians are focused only one thing: holding on to the power they have; quick and well-designed remedial action t
Published 13 Oct, 2015 12:00am
PSM sell-off must not be trivialised

PSM sell-off must not be trivialised

According to a Business Recorder exclusive, the Cabinet Committee on Privatisation (CCoP) has decided to split Pakistan Steel Mills Corporation (PSMC) into two with the federal government keeping all land and excess liabilities while core land, est
Published 13 Oct, 2015 12:00am
Is this democracy affordable?

Is this democracy affordable?

Never before in the parliamentary history of Pakistan has a by-election witnessed so much sound and fury - not even the one for NA-246 last April - as has the NA-122 this past Sunday, which has been won by the ruling Pakistan Muslim League-Nawaz by a very
Published 13 Oct, 2015 12:00am
Shiv Sena attacks Kasuri book launch organiser

Shiv Sena attacks Kasuri book launch organiser

Far-right Indian protesters angry at the planned launch of a former foreign minister''s book doused the event organiser with black ink on Monday, the latest apparent attack on free speech in the country. Sudheendra Kulkarni said he was assaulted as he lef
Published 13 Oct, 2015 12:00am
Shiv Sena attacks Kasuri book launch organiser

Shiv Sena attacks Kasuri book launch organiser

Far-right Indian protesters angry at the planned launch of a former foreign minister's book doused the event organiser with black ink on Monday, the latest apparent attack on free speech in the country. Sudheendra Kulkarni said he was assaulted as he left
Published 13 Oct, 2015 12:00am
Shiv Sena attacks Kasuri book launch organiser

Shiv Sena attacks Kasuri book launch organiser

Far-right Indian protesters angry at the planned launch of a former foreign minister's book doused the event organiser with black ink on Monday, the latest apparent attack on free speech in the country. Sudheendra Kulkarni said he was assaulted as he left
Published 13 Oct, 2015 12:00am
OMV finds gas in Latif exploration block

OMV finds gas in Latif exploration block

Austrian oil and gas company OMV has found gas at the Latif exploration block in Sindh, it said on Monday. The Latif South-1 well had a gas throughput of 2,500 barrels of oil equivalent (boe) a day during testing, the company said in a statement. "This di
Published 13 Oct, 2015 12:00am
OMV finds gas in Latif exploration block

OMV finds gas in Latif exploration block

Austrian oil and gas company OMV has found gas at the Latif exploration block in Sindh, it said on Monday. The Latif South-1 well had a gas throughput of 2,500 barrels of oil equivalent (boe) a day during testing, the company said in a statement. "This di
Published 13 Oct, 2015 12:00am
OMV finds gas in Latif exploration block

OMV finds gas in Latif exploration block

Austrian oil and gas company OMV has found gas at the Latif exploration block in Sindh, it said on Monday. The Latif South-1 well had a gas throughput of 2,500 barrels of oil equivalent (boe) a day during testing, the company said in a statement. "This di
Published 13 Oct, 2015 12:00am
LSE index up 65.54 points

LSE index up 65.54 points

Shares gained at the Lahore Stock Exchange amid an ascending transaction volume on Monday. The LSE-25 index gained 65.54 points to close at 5708.24 against 5642.70 of Friday while the transaction volume increased to 1.446 million shares compared with the
Published 13 Oct, 2015 12:00am
LSE index up 65.54 points

LSE index up 65.54 points

Shares gained at the Lahore Stock Exchange amid an ascending transaction volume on Monday. The LSE-25 index gained 65.54 points to close at 5708.24 against 5642.70 of Friday while the transaction volume increased to 1.446 million shares compared with the
Published 13 Oct, 2015 12:00am
The Weather

The Weather

The weather report on Monday (October 12, 2015) and the forecast for Tuesday (October 13, 2015).

Published 13 Oct, 2015 12:00am
ISE index improves 64.43 points

ISE index improves 64.43 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Monday where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 64.43 points as the ISE Ten Index moved fro
Published 13 Oct, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (October 12, 2015).

Published 13 Oct, 2015 12:00am
ISE index improves 64.43 points

ISE index improves 64.43 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Monday where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 64.43 points as the ISE Ten Index moved fro
Published 13 Oct, 2015 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 13 Oct, 2015 12:00am
King rejects questioning of Saudi role

King rejects questioning of Saudi role

King Salman on Monday rejected any suggestions that Saudi Arabia should give up its role as the organiser of the Hajj following last month's deadly stampede in Mina. "The irresponsible statements aiming for political exploitation of the incident... shall
Published 13 Oct, 2015 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 13 Oct, 2015 12:00am
King rejects questioning of Saudi role

King rejects questioning of Saudi role

King Salman on Monday rejected any suggestions that Saudi Arabia should give up its role as the organiser of the Hajj following last month's deadly stampede in Mina. "The irresponsible statements aiming for political exploitation of the incident... shall
Published 13 Oct, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (October 12, 2015).

Published 13 Oct, 2015 12:00am
Prince Turki rejects idea of sharing administration of Hajj

Prince Turki rejects idea of sharing administration of Hajj

Saudi Prince Turki al-Faisal on Sunday rejected the idea of sharing the administration of the annual Hajj pilgrimage with other Muslim nations, saying Riyadh considers it "a matter of sovereignty" and a "privilege." The senior member of the Saudi royal fa
Published 13 Oct, 2015 12:00am
Prince Turki rejects idea of sharing administration of Hajj

Prince Turki rejects idea of sharing administration of Hajj

Saudi Prince Turki al-Faisal on Sunday rejected the idea of sharing the administration of the annual Hajj pilgrimage with other Muslim nations, saying Riyadh considers it "a matter of sovereignty" and a "privilege." The senior member of the Saudi royal fa
Published 13 Oct, 2015 12:00am
Planned sell-off of HEC: CCoP asked to revisit decision

Planned sell-off of HEC: CCoP asked to revisit decision

Expressing concern over government''s plan to sell Heavy Electrical Complex (HEC) on a throwaway price, a parliamentary panel on Monday asked Cabinet Committee on Privatisation (CCoP) to revisit its decision. A sub-committee of national Assembly''s Public
Published 13 Oct, 2015 12:00am
Planned sell-off of HEC: CCoP asked to revisit decision

Planned sell-off of HEC: CCoP asked to revisit decision

Expressing concern over government's plan to sell Heavy Electrical Complex (HEC) on a throwaway price, a parliamentary panel on Monday asked Cabinet Committee on Privatisation (CCoP) to revisit its decision. A sub-committee of national Assembly's Public A
Published 13 Oct, 2015 12:00am
Planned sell-off of HEC: CCoP asked to revisit decision

Planned sell-off of HEC: CCoP asked to revisit decision

Expressing concern over government's plan to sell Heavy Electrical Complex (HEC) on a throwaway price, a parliamentary panel on Monday asked Cabinet Committee on Privatisation (CCoP) to revisit its decision. A sub-committee of national Assembly's Public A
Published 13 Oct, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (October 12, 2015)

Published 13 Oct, 2015 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (October 12, 2015).

Published 13 Oct, 2015 12:00am
Grain market rates
Cotton

Grain market rates

Karachi grain market rates in rupees on Monday (October 12, 2015).

Published 13 Oct, 2015 12:00am
Altaf awarded 81 years of imprisonment by GB ATC

Altaf awarded 81 years of imprisonment by GB ATC

An anti-terrorism court (ATC) in Gilgit-Baltistan (GB) on Monday awarded 81 years of imprisonment to Muttahida Qaumi Movement (MQM) chief Altaf Hussain. The court also issued orders to confiscate the MQM chief's property over his anti-state speeches. Anno
Published 13 Oct, 2015 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (October 12, 2015).

Published 13 Oct, 2015 12:00am
Altaf awarded 81 years of imprisonment by GB ATC

Altaf awarded 81 years of imprisonment by GB ATC

An anti-terrorism court (ATC) in Gilgit-Baltistan (GB) on Monday awarded 81 years of imprisonment to Muttahida Qaumi Movement (MQM) chief Altaf Hussain. The court also issued orders to confiscate the MQM chief's property over his anti-state speeches. Anno
Published 13 Oct, 2015 12:00am
US air drops ammunition to Syria rebels

US air drops ammunition to Syria rebels

US forces have carried out an air drop of small arms ammunition to Syrian Arab rebels in northern Syria, barely two weeks after Russia raised the stakes by intervening in the war on the side of President Bashar al-Assad. A US military official, speaking o
Published 13 Oct, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 12, 2015).

Published 13 Oct, 2015 12:00am
US air drops ammunition to Syria rebels

US air drops ammunition to Syria rebels

US forces have carried out an air drop of small arms ammunition to Syrian Arab rebels in northern Syria, barely two weeks after Russia raised the stakes by intervening in the war on the side of President Bashar al-Assad. A US military official, speaking o
Published 13 Oct, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 12, 2015).

Published 13 Oct, 2015 12:00am
SBP allows membership of clearing house to MFBs

SBP allows membership of clearing house to MFBs

The State Bank of Pakistan (SBP) Monday allowed direct membership of cheque clearing house to Microfinance Banks (MFBs) aimed at avoiding inordinate delays in the transfer of funds. However, for this membership, all MFBs will be required to maintain adequ
Published 13 Oct, 2015 12:00am
SBP allows membership of clearing house to MFBs

SBP allows membership of clearing house to MFBs

The State Bank of Pakistan (SBP) Monday allowed direct membership of cheque clearing house to Microfinance Banks (MFBs) aimed at avoiding inordinate delays in the transfer of funds. However, for this membership, all MFBs will be required to maintain adequ
Published 13 Oct, 2015 12:00am
SBP allows membership of clearing house to MFBs

SBP allows membership of clearing house to MFBs

The State Bank of Pakistan (SBP) Monday allowed direct membership of cheque clearing house to Microfinance Banks (MFBs) aimed at avoiding inordinate delays in the transfer of funds. However, for this membership, all MFBs will be required to maintain adequ
Published 13 Oct, 2015 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the money market on Friday as the rupee firmly held the overnight levels against the dollar in the process of trading, dealers said. The rupee shed one-paisa versus the dollar for buying and selling at Rs 104.42 and Rs 104.44 respect
Published 13 Oct, 2015 12:00am
SBP allows membership of clearing house to MFBs

SBP allows membership of clearing house to MFBs

The State Bank of Pakistan (SBP) Monday allowed direct membership of cheque clearing house to Microfinance Banks (MFBs) aimed at avoiding inordinate delays in the transfer of funds. However, for this membership, all MFBs will be required to maintain adequ
Published 13 Oct, 2015 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the money market on Friday as the rupee firmly held the overnight levels against the dollar in the process of trading, dealers said. The rupee shed one-paisa versus the dollar for buying and selling at Rs 104.42 and Rs 104.44 respect
Published 13 Oct, 2015 12:00am
BRIndex30 up 159.39 points

BRIndex30 up 159.39 points

On Monday, BRIndex30 opened at 20,745.68 points. It touched an intraday high of 20,965.24 points and an intraday low of 20,710.53 points and closed at 20,905.07 points which was 159.39 points or 0.77 percent higher than previous close. Total volume was 10
Published 13 Oct, 2015 12:00am
BRIndex30 up 159.39 points

BRIndex30 up 159.39 points

On Monday, BRIndex30 opened at 20,745.68 points. It touched an intraday high of 20,965.24 points and an intraday low of 20,710.53 points and closed at 20,905.07 points which was 159.39 points or 0.77 percent higher than previous close. Total volume was 10
Published 13 Oct, 2015 12:00am
Index hits one-month high

Index hits one-month high

The Karachi share market witnessed a positive trend on the first trading day of the week Monday and the KSE-100 index gained 341 points to close at 34,184 points compared to 33,843 points Friday. Mohammad Rizwan, Vice President Topline Securities, said po
Published 13 Oct, 2015 12:00am
Index hits one-month high

Index hits one-month high

The Karachi share market witnessed a positive trend on the first trading day of the week Monday and the KSE-100 index gained 341 points to close at 34,184 points compared to 33,843 points Friday. Mohammad Rizwan, Vice President Topline Securities, said po
Published 13 Oct, 2015 12:00am
Index hits one-month high

Index hits one-month high

The Karachi share market witnessed a positive trend on the first trading day of the week Monday and the KSE-100 index gained 341 points to close at 34,184 points compared to 33,843 points Friday. Mohammad Rizwan, Vice President Topline Securities, said po
Published 13 Oct, 2015 12:00am
How close was NA-122 by-election?

How close was NA-122 by-election?

According to Election Commission of Pakistan, the voters' turnout in the NA-122 was 43.10 percent, 15.38 percent less than the 2013 general elections, which was 58.48 percent. Similarly, the turnout in PP-147 remained 44.42 percent. PML-N's Sardar Ayaz Sa
Published 13 Oct, 2015 12:00am
How close was NA-122 by-election?

How close was NA-122 by-election?

According to Election Commission of Pakistan, the voters' turnout in the NA-122 was 43.10 percent, 15.38 percent less than the 2013 general elections, which was 58.48 percent. Similarly, the turnout in PP-147 remained 44.42 percent. PML-N's Sardar Ayaz Sa
Published 13 Oct, 2015 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 13 Oct, 2015 12:00am
PTI moves Supreme Court against ECP

PTI moves Supreme Court against ECP

Pakistan Tehreek-e-Insaf (PTI) approached Supreme Court on Monday against Election Commission of Pakistan (ECP), for what it called a wilful attempt by the commission to keep party chief Imran Khan away from canvassing in by-elections? PTI central region
Published 13 Oct, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Oct, 2015 12:00am
PTI moves Supreme Court against ECP

PTI moves Supreme Court against ECP

Pakistan Tehreek-e-Insaf (PTI) approached Supreme Court on Monday against Election Commission of Pakistan (ECP), for what it called a wilful attempt by the commission to keep party chief Imran Khan away from canvassing in by-elections? PTI central region
Published 13 Oct, 2015 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Oct, 2015 12:00am
Pakistan stands by Turkey in fighting terrorism: CoAS

Pakistan stands by Turkey in fighting terrorism: CoAS

Chief of the Army Staff (CoAS) General Raheel Sharif, who arrived here for a 3-day official visit on Monday, expressed his heartfelt condolences on Ankara terrorist blast. He said, "We understand the enormity of your challenges and stand by you". "The arm
Published 13 Oct, 2015 12:00am
Pakistan stands by Turkey in fighting terrorism: CoAS

Pakistan stands by Turkey in fighting terrorism: CoAS

Chief of the Army Staff (CoAS) General Raheel Sharif, who arrived here for a 3-day official visit on Monday, expressed his heartfelt condolences on Ankara terrorist blast. He said, "We understand the enormity of your challenges and stand by you". "The arm
Published 13 Oct, 2015 12:00am
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