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Print - 2015-10-18
SMEs' outstanding financing falls 0.37 percent: SME Finance Review

SMEs' outstanding financing falls 0.37 percent: SME Finance Review

The outstanding financing (domestic) of Small and Medium Enterprises (SMEs) decreased by 0.37 percent to stand at Rs 260.78 billion as of June 30, 2015. According to the State Bank of Pakistan's SME Finance Review, however, as compared to last year, 3.19
Published 18 Oct, 2015 12:00am
Nothing can substitute experience

Nothing can substitute experience

That Dr Zafar Altaf, as usual, is profound insofar the diagnosis of country's plethora of ills is concerned is a fact that has found its best expression in his op-ed for Business Recorder carried by the newspaper yesterday. He argues, inter alia, "
Published 18 Oct, 2015 12:00am
Delta CEO warning prompts questions about Boeing 777 production levels

Delta CEO warning prompts questions about Boeing 777 production levels

An airline's warning of a "bubble" in the market for used jetliners shows how vulnerable Boeing Co may be because of slowing sales of its widebody 777 jets, and fueled speculation that it may have to cut the plane's production rate. Delta Air Lines Inc CE
Published 18 Oct, 2015 12:00am
How conservatives stalled corporate lobbying machine on US EXIM

How conservatives stalled corporate lobbying machine on US EXIM

When Boeing Co, General Electric Co and other companies wanted to show Congress last February the dangers of closing the Export-Import Bank, they turned to a time-tested Washington ritual: knocking on Capitol Hill office doors. Working together, they mobi
Published 18 Oct, 2015 12:00am
A sense of history

A sense of history

Living without a memory is equivalent to losing one's humanity. If we were to wake up one fine morning and fail to recognise the house we woke up in, the family members walking around us, the way we went about our business, as well as our friends and foes
Published 18 Oct, 2015 12:00am
Not forgotten?

Not forgotten?

October 8 was the day ten years ago when an earthquake of 7.6 magnitude hit Azad Jammu & Kashmir (AJK), some neighbouring districts of Khyber Pakhtunkhwa and, to a lesser extent, Islamabad as well, leaving more than 73,000 people (over 86,000, according t
Published 18 Oct, 2015 12:00am
Iran's final OK to N-deal

Iran's final OK to N-deal

The nuclear deal Tehran signed with six world powers in July has been approved by the country's ultimate constitutional authority, the Guardians Council, setting the stage for lifting of all nuclear-related economic sanctions imposed on Iran. Not that the
Published 18 Oct, 2015 12:00am
Indian nuclear capable cruise missile crashes midway again

Indian nuclear capable cruise missile crashes midway again

India's indigenous surface-to-surface cruise missile Nirbhay nose-dived midway after it was test fired in Orissa on Friday. According to Defence Research and Development Organisation or DRDO sources, the missile was launched from the Chandipur Integrated
Published 18 Oct, 2015 12:00am
Muslims from violence-torn Rakhine voice support for Suu Kyi

Muslims from violence-torn Rakhine voice support for Suu Kyi

Muslim supporters of Myanmar opposition leader Aung San Suu Kyi said on Saturday they hoped a government lead by her National League for Democracy (NLD) would improve their lives in Rakhine State, where many still face discrimination after violence in 201
Published 18 Oct, 2015 12:00am
UAE aid worker shot dead in Aden

UAE aid worker shot dead in Aden

An aid worker from the United Arab Emirates was shot dead in the southern Yemen city of Aden by unknown gunmen on Saturday, a Yemeni security officer said, in another sign of instability in the port city where Yemen's fragile government is based. "The aid
Published 18 Oct, 2015 12:00am
Iran proposes economic stimulus to fend off recession

Iran proposes economic stimulus to fend off recession

Iran''s government announced proposals on Saturday to cut interest rates and encourage banks to lend, state television reported, in an effort to boost a stagnant economy after two years of tight monetary policy as inflation slows. Iran''s economy has stag
Published 18 Oct, 2015 12:00am
Iran proposes economic stimulus to fend off recession

Iran proposes economic stimulus to fend off recession

Iran's government announced proposals on Saturday to cut interest rates and encourage banks to lend, state television reported, in an effort to boost a stagnant economy after two years of tight monetary policy as inflation slows. Iran's economy has stagna
Published 18 Oct, 2015 12:00am
Iran proposes economic stimulus to fend off recession

Iran proposes economic stimulus to fend off recession

Iran's government announced proposals on Saturday to cut interest rates and encourage banks to lend, state television reported, in an effort to boost a stagnant economy after two years of tight monetary policy as inflation slows. Iran's economy has stagna
Published 18 Oct, 2015 12:00am
WEF Global Competitiveness Report: AGP ranking lowered to 117

WEF Global Competitiveness Report: AGP ranking lowered to 117

The World Economic Forum (WEF) Global Competitiveness Report 2016, which compares governance in 140 countries, lowered the ranking of the Accountant General of Pakistan (AGP) - from 90 last year to 117 in 2015. Pakistan was ranked at 126 14th from the bot
Published 18 Oct, 2015 12:00am
WEF Global Competitiveness Report: AGP ranking lowered to 117

WEF Global Competitiveness Report: AGP ranking lowered to 117

The World Economic Forum (WEF) Global Competitiveness Report 2016, which compares governance in 140 countries, lowered the ranking of the Accountant General of Pakistan (AGP) - from 90 last year to 117 in 2015. Pakistan was ranked at 126 14th from the bot
Published 18 Oct, 2015 12:00am
WEF Global Competitiveness Report: AGP ranking lowered to 117

WEF Global Competitiveness Report: AGP ranking lowered to 117

The World Economic Forum (WEF) Global Competitiveness Report 2016, which compares governance in 140 countries, lowered the ranking of the Accountant General of Pakistan (AGP) - from 90 last year to 117 in 2015. Pakistan was ranked at 126 14th from the bot
Published 18 Oct, 2015 12:00am
Twelve migrants including children drown off Turkish coast

Twelve migrants including children drown off Turkish coast

Twelve migrants thought to be from Syria and Afghanistan, including four children and a baby, drowned off the coast of Turkey as they tried to reach the Greek island of Lesbos, the Turkish coastguard said on Saturday. Reuters television footage showed bod
Published 18 Oct, 2015 12:00am
Twelve migrants including children drown off Turkish coast

Twelve migrants including children drown off Turkish coast

Twelve migrants thought to be from Syria and Afghanistan, including four children and a baby, drowned off the coast of Turkey as they tried to reach the Greek island of Lesbos, the Turkish coastguard said on Saturday. Reuters television footage showed bod
Published 18 Oct, 2015 12:00am
I'm on leave till Muharram: Sharjeel

I'm on leave till Muharram: Sharjeel

Sindh Ministry of Works and Services has been run by Sharjeel Memon from Dubi for the last three months, it is learnt. According to sources, Memon was given the portfolio of Works and Services on July 22, 2015. Memon left the country three months ago. He
Published 18 Oct, 2015 12:00am
I'm on leave till Muharram: Sharjeel

I'm on leave till Muharram: Sharjeel

Sindh Ministry of Works and Services has been run by Sharjeel Memon from Dubi for the last three months, it is learnt. According to sources, Memon was given the portfolio of Works and Services on July 22, 2015. Memon left the country three months ago. He
Published 18 Oct, 2015 12:00am
Iran fires eight mortar shells into Pakistani territory

Iran fires eight mortar shells into Pakistani territory

Iranian border guards fired on Saturday eight mortar shells into Pakistani territory of Panjgur district of Balochistan. A senior official of Balochistan government confirmed Iran had violated Pakistani border. "Eight mortars landed and exploded on an emp
Published 18 Oct, 2015 12:00am
Iran fires eight mortar shells into Pakistani territory

Iran fires eight mortar shells into Pakistani territory

Iranian border guards fired on Saturday eight mortar shells into Pakistani territory of Panjgur district of Balochistan. A senior official of Balochistan government confirmed Iran had violated Pakistani border. "Eight mortars landed and exploded on an emp
Published 18 Oct, 2015 12:00am
Eight suspected terrorists killed in 'encounter'

Eight suspected terrorists killed in 'encounter'

At least eight alleged terrorists, belonging to a banned outfit, were killed in a `shootout' with police here on Saturday, police said. The deadly`encounter' took place in Manghopir where the police launched an operation against elements allegedly involv
Published 18 Oct, 2015 12:00am
Eight suspected terrorists killed in 'encounter'

Eight suspected terrorists killed in 'encounter'

At least eight alleged terrorists, belonging to a banned outfit, were killed in a `shootout' with police here on Saturday, police said. The deadly`encounter' took place in Manghopir where the police launched an operation against elements allegedly involv
Published 18 Oct, 2015 12:00am
Broadcast of old clips: a sheer maligning tactic, says Nafisa Shah

Broadcast of old clips: a sheer maligning tactic, says Nafisa Shah

Pakistan People's Party (PPP) Deputy General Secretary Dr Nafisa Shah has termed the reports that appeared in two private TV channels regarding her as malicious, fake and with mala-fide intentions. These reports claimed that she is having meetings with pa
Published 18 Oct, 2015 12:00am
Infrastructure development: ADB to provide $1.2 billion annually

Infrastructure development: ADB to provide $1.2 billion annually

The Asian Development Bank will provide an assistance package of about one point two billion dollars to Pakistan annually for infrastructure development and institutional reforms. According to bank's new five year partnership strategy with Pakistan, the b
Published 18 Oct, 2015 12:00am
Infrastructure development: ADB to provide $1.2 billion annually

Infrastructure development: ADB to provide $1.2 billion annually

The Asian Development Bank will provide an assistance package of about one point two billion dollars to Pakistan annually for infrastructure development and institutional reforms. According to bank's new five year partnership strategy with Pakistan, the b
Published 18 Oct, 2015 12:00am
Nawaz's US visit: no major breakthrough expected?

Nawaz's US visit: no major breakthrough expected?

Prime Minister Nawaz Sharif's three-day official visit to the United States is not going to prove to be a major breakthrough in Pak-US relations as Washington has lost interest in the region, say analysts and opposition members in parliament. Dr Hasan Ask
Published 18 Oct, 2015 12:00am
Pakistan rejects terrorism, extremism in all forms: Asif

Pakistan rejects terrorism, extremism in all forms: Asif

Defence Minister Khawaja Muhammad Asif says Pakistan rejects terrorism and extremism in all forms. Addressing the 6th Xiangshan Forum in China on Saturday he said operation Zarb-e-Azb reflects Pakistan's determination to root out terrorism.
Published 18 Oct, 2015 12:00am
PSDP projects: Rs 150.7 billion released against budgeted Rs 700 billion

PSDP projects: Rs 150.7 billion released against budgeted Rs 700 billion

The Federal government has released Rs 150.7 billion under the Public Sector Development Programme (PSDP) for various projects against the budgeted allocation of Rs 700 billion for 2015-16. The government has not yet released funds to Ministries of Religi
Published 18 Oct, 2015 12:00am
PSDP projects: Rs 150.7 billion released against budgeted Rs 700 billion

PSDP projects: Rs 150.7 billion released against budgeted Rs 700 billion

The Federal government has released Rs 150.7 billion under the Public Sector Development Programme (PSDP) for various projects against the budgeted allocation of Rs 700 billion for 2015-16. The government has not yet released funds to Ministries of Religi
Published 18 Oct, 2015 12:00am
PSDP projects: Rs 150.7 billion released against budgeted Rs 700 billion

PSDP projects: Rs 150.7 billion released against budgeted Rs 700 billion

The Federal government has released Rs 150.7 billion under the Public Sector Development Programme (PSDP) for various projects against the budgeted allocation of Rs 700 billion for 2015-16. The government has not yet released funds to Ministries of Religi
Published 18 Oct, 2015 12:00am
Fake degrees, violation of rules: huge losses inflicted on PIA: AGP

Fake degrees, violation of rules: huge losses inflicted on PIA: AGP

Auditor General of Pakistan has unearthed billions of rupees financial loss to Pakistan International Airlines (PIA) through appointments of fake degree holders and in violation of PIAC rules. According to the Auditor General''s report of financial year 2
Published 18 Oct, 2015 12:00am
Fake degrees, violation of rules: huge losses inflicted on PIA: AGP

Fake degrees, violation of rules: huge losses inflicted on PIA: AGP

Auditor General of Pakistan has unearthed billions of rupees financial loss to Pakistan International Airlines (PIA) through appointments of fake degree holders and in violation of PIAC rules. According to the Auditor General's report of financial year 20
Published 18 Oct, 2015 12:00am
Fake degrees, violation of rules: huge losses inflicted on PIA: AGP

Fake degrees, violation of rules: huge losses inflicted on PIA: AGP

Auditor General of Pakistan has unearthed billions of rupees financial loss to Pakistan International Airlines (PIA) through appointments of fake degree holders and in violation of PIAC rules. According to the Auditor General's report of financial year 20
Published 18 Oct, 2015 12:00am
Minimum tax: Services sector faces tough trade-off

Minimum tax: Services sector faces tough trade-off

The government has announced a new facility for services sector to either pay reduced rate of 2 percent minimum tax and provide accounts for audit for the Tax Year 2016 or pay 8 percent minimum tax with carry forward facility. One of the committee members
Published 18 Oct, 2015 12:00am
Minimum tax: Services sector faces tough trade-off

Minimum tax: Services sector faces tough trade-off

The government has announced a new facility for services sector to either pay reduced rate of 2 percent minimum tax and provide accounts for audit for the Tax Year 2016 or pay 8 percent minimum tax with carry forward facility. One of the committee members
Published 18 Oct, 2015 12:00am
Minimum tax: Services sector faces tough trade-off

Minimum tax: Services sector faces tough trade-off

The government has announced a new facility for services sector to either pay reduced rate of 2 percent minimum tax and provide accounts for audit for the Tax Year 2016 or pay 8 percent minimum tax with carry forward facility. One of the committee members
Published 18 Oct, 2015 12:00am
Minimum tax: Services sector faces tough trade-off

Minimum tax: Services sector faces tough trade-off

The government has announced a new facility for services sector to either pay reduced rate of 2 percent minimum tax and provide accounts for audit for the Tax Year 2016 or pay 8 percent minimum tax with carry forward facility. One of the committee members
Published 18 Oct, 2015 12:00am
APTMA sees flexibility in government over demands

APTMA sees flexibility in government over demands

All Pakistan Textile Mills Association (APTMA) Chairman Tariq Saud Saturday said the government seems to be showing some flexibility in connection with bringing down the power tariff and taxes. He was talking to mediapersons after a delegation of APTMA an
Published 18 Oct, 2015 12:00am
APTMA sees flexibility in government over demands

APTMA sees flexibility in government over demands

All Pakistan Textile Mills Association (APTMA) Chairman Tariq Saud Saturday said the government seems to be showing some flexibility in connection with bringing down the power tariff and taxes. He was talking to mediapersons after a delegation of APTMA an
Published 18 Oct, 2015 12:00am
APTMA sees flexibility in government over demands

APTMA sees flexibility in government over demands

All Pakistan Textile Mills Association (APTMA) Chairman Tariq Saud Saturday said the government seems to be showing some flexibility in connection with bringing down the power tariff and taxes. He was talking to mediapersons after a delegation of APTMA an
Published 18 Oct, 2015 12:00am
Turkey would shoot down planes violating its air space: Davutoglu

Turkey would shoot down planes violating its air space: Davutoglu

Turkey would not hesitate to shoot down military aircraft violating its air space, Prime Minister Ahmet Davutoglu said on Saturday, a day after the Nato member shot down an unidentified drone close to the border with Syria. "We downed a drone yesterday. I
Published 18 Oct, 2015 12:00am
Turkey would shoot down planes violating its air space: Davutoglu

Turkey would shoot down planes violating its air space: Davutoglu

Turkey would not hesitate to shoot down military aircraft violating its air space, Prime Minister Ahmet Davutoglu said on Saturday, a day after the Nato member shot down an unidentified drone close to the border with Syria. "We downed a drone yesterday. I
Published 18 Oct, 2015 12:00am
J.P Morgan, Morgan Stanley pay most in $1.9 billion swaps price-fixing

J.P Morgan, Morgan Stanley pay most in $1.9 billion swaps price-fixing

J.P. Morgan Chase & Co, Morgan Stanley and Barclays Plc will pay over half of a more than $1.86 billion settlement resolving investor claims they conspired to fix prices and limit competition in the market for credit default swaps, according to a court fi
Published 18 Oct, 2015 12:00am
J.P Morgan, Morgan Stanley pay most in $1.9 billion swaps price-fixing

J.P Morgan, Morgan Stanley pay most in $1.9 billion swaps price-fixing

J.P. Morgan Chase & Co, Morgan Stanley and Barclays Plc will pay over half of a more than $1.86 billion settlement resolving investor claims they conspired to fix prices and limit competition in the market for credit default swaps, according to a court fi
Published 18 Oct, 2015 12:00am
J.P Morgan, Morgan Stanley pay most in $1.9 billion swaps price-fixing

J.P Morgan, Morgan Stanley pay most in $1.9 billion swaps price-fixing

J.P. Morgan Chase & Co, Morgan Stanley and Barclays Plc will pay over half of a more than $1.86 billion settlement resolving investor claims they conspired to fix prices and limit competition in the market for credit default swaps, according to a court fi
Published 18 Oct, 2015 12:00am
J.P Morgan, Morgan Stanley pay most in $1.9 billion swaps price-fixing

J.P Morgan, Morgan Stanley pay most in $1.9 billion swaps price-fixing

J.P. Morgan Chase & Co, Morgan Stanley and Barclays Plc will pay over half of a more than $1.86 billion settlement resolving investor claims they conspired to fix prices and limit competition in the market for credit default swaps, according to a court fi
Published 18 Oct, 2015 12:00am
Li says achieving growth of around seven percent ''not easy''

Li says achieving growth of around seven percent ''not easy''

China''s Premier Li Keqiang said that with the global economic recovery losing steam, achieving domestic growth of around 7 percent is "not easy", according to a transcript of his remarks posted on the website of the State Council, China''s cabinet. Nonet
Published 18 Oct, 2015 12:00am
Li says achieving growth of around seven percent 'not easy'

Li says achieving growth of around seven percent 'not easy'

China's Premier Li Keqiang said that with the global economic recovery losing steam, achieving domestic growth of around 7 percent is "not easy", according to a transcript of his remarks posted on the website of the State Council, China's cabinet. Nonethe
Published 18 Oct, 2015 12:00am
Li says achieving growth of around seven percent 'not easy'

Li says achieving growth of around seven percent 'not easy'

China's Premier Li Keqiang said that with the global economic recovery losing steam, achieving domestic growth of around 7 percent is "not easy", according to a transcript of his remarks posted on the website of the State Council, China's cabinet. Nonethe
Published 18 Oct, 2015 12:00am
RAW's plan to assassinate Nawaz uncovered

RAW's plan to assassinate Nawaz uncovered

Indian intelligence agency The Research and Analysis Wing (RAW) has tasked its operatives with a plan to spread chaos in Pakistan though carrying out assassination of Prime Minister Nawaz Sharif, revealed a letter sent to police and other law enforcement
Published 18 Oct, 2015 12:00am
RAW's plan to assassinate Nawaz uncovered

RAW's plan to assassinate Nawaz uncovered

Indian intelligence agency The Research and Analysis Wing (RAW) has tasked its operatives with a plan to spread chaos in Pakistan though carrying out assassination of Prime Minister Nawaz Sharif, revealed a letter sent to police and other law enforcement
Published 18 Oct, 2015 12:00am
US visit: Prime Minister to raise issue of LoC violations

US visit: Prime Minister to raise issue of LoC violations

Prime Minister Nawaz Sharif will raise the issue of border violations by India's troops as well as its spy agency RAW's involvement in terrorism in Pakistan during his visit to the US next week, informed sources told Business Recorder. The Prime Mi
Published 18 Oct, 2015 12:00am
US visit: Prime Minister to raise issue of LoC violations

US visit: Prime Minister to raise issue of LoC violations

Prime Minister Nawaz Sharif will raise the issue of border violations by India's troops as well as its spy agency RAW's involvement in terrorism in Pakistan during his visit to the US next week, informed sources told Business Recorder. The Prime Mi
Published 18 Oct, 2015 12:00am
Andrabi asks Nawaz to raise Kashmir issue with Obama

Andrabi asks Nawaz to raise Kashmir issue with Obama

Dukhtaran-e-Millat President Syedah Aasiyeh Andrabi on Saturday said that Pakistan was created on the bases of religion and is seen as a fort of Islam in the subcontinent therefore Prime Minister Nawaz Sharif should represent himself in that capacity, whi
Published 18 Oct, 2015 12:00am
Andrabi asks Nawaz to raise Kashmir issue with Obama

Andrabi asks Nawaz to raise Kashmir issue with Obama

Dukhtaran-e-Millat President Syedah Aasiyeh Andrabi on Saturday said that Pakistan was created on the bases of religion and is seen as a fort of Islam in the subcontinent therefore Prime Minister Nawaz Sharif should represent himself in that capacity, whi
Published 18 Oct, 2015 12:00am
No compromise on country's interests: Sartaj

No compromise on country's interests: Sartaj

Prime Minister Nawaz Sharif's Advisor on National Security and Foreign Affairs Sartaj Aziz has vowed that there will be no compromise on national interests during talks with the United States. In a media interview Saturday, the Advisor said that during th
Published 18 Oct, 2015 12:00am
No compromise on country's interests: Sartaj

No compromise on country's interests: Sartaj

Prime Minister Nawaz Sharif's Advisor on National Security and Foreign Affairs Sartaj Aziz has vowed that there will be no compromise on national interests during talks with the United States. In a media interview Saturday, the Advisor said that during th
Published 18 Oct, 2015 12:00am
Mark Siegel blames Musharraf for Benazir's murder

Mark Siegel blames Musharraf for Benazir's murder

Renowned American author Mark Siegel, who is also a key witness in slain former Prime Minister Benazir Bhutto's murder case, on Saturday declared the former President of Pakistan Pervez Musharraf as Benazir's murderer. According to a private television ch
Published 18 Oct, 2015 12:00am
Mark Siegel blames Musharraf for Benazir's murder

Mark Siegel blames Musharraf for Benazir's murder

Renowned American author Mark Siegel, who is also a key witness in slain former Prime Minister Benazir Bhutto's murder case, on Saturday declared the former President of Pakistan Pervez Musharraf as Benazir's murderer. According to a private television ch
Published 18 Oct, 2015 12:00am
Israel says more knife attacks thwarted, four Palestinians dead

Israel says more knife attacks thwarted, four Palestinians dead

Israeli authorities said four Palestinians had been shot dead and a fifth seriously injured in thwarted knife attacks on Saturday in Jerusalem and the occupied West Bank as tensions ran high after more than two weeks of unrest. Forty-one Palestinians and
Published 18 Oct, 2015 12:00am
Israel says more knife attacks thwarted, four Palestinians dead

Israel says more knife attacks thwarted, four Palestinians dead

Israeli authorities said four Palestinians had been shot dead and a fifth seriously injured in thwarted knife attacks on Saturday in Jerusalem and the occupied West Bank as tensions ran high after more than two weeks of unrest. Forty-one Palestinians and
Published 18 Oct, 2015 12:00am
YOUR RUPEE LAST QUARTER
Currency

YOUR RUPEE LAST QUARTER

Following currency fluctuations took place in foreign exchange rates during the last quarter.(July 2 to September 30, 2015)

Published 18 Oct, 2015 12:00am
The Weather

The Weather

The weather report on Saturday (October 17, 2015) and the forecast for Sunday (October 18, 2015).

Published 18 Oct, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (October 17, 2015).

Published 18 Oct, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (October 17, 2015).

Published 18 Oct, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (October 17, 2015)

Published 18 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 Saturday (October 17, 2015).

Published 18 Oct, 2015 12:00am
Grain market rates
Cotton

Grain market rates

Karachi grain market rates in rupees on Saturday (October 17, 2015).

Published 18 Oct, 2015 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (October 17, 2015).

Published 18 Oct, 2015 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 17, 2015).

Published 18 Oct, 2015 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 17, 2015).

Published 18 Oct, 2015 12:00am
THE RUPEE: rate falls
Currency

THE RUPEE: rate falls

The rupee gave up overnight gains against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee could not maintain overnight gains in relation to the dollar, losing five-paisa for buying and selling at Rs 104.40 and
Published 18 Oct, 2015 12:00am
THE RUPEE: rate falls
Currency

THE RUPEE: rate falls

The rupee gave up overnight gains against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee could not maintain overnight gains in relation to the dollar, losing five-paisa for buying and selling at Rs 104.40 and
Published 18 Oct, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (October 17, 2015).

Published 18 Oct, 2015 12:00am
Asian naphtha at 2-1/2 month high

Asian naphtha at 2-1/2 month high

Asia's naphtha crack hit a 2-1/2 month high of $94.38 a tonne on Thursday, boosted by persistent firm demand in the term and spot market, traders said. Taiwanese Formosa Petrochemical Corp, Asia's top naphtha importer, has awarded a tender to buy cargoes
Published 18 Oct, 2015 12:00am
Ukraine Agmin, traders fail to agree on 2015-16 grain exports

Ukraine Agmin, traders fail to agree on 2015-16 grain exports

Ukraine's agriculture ministry and traders' unions failed on Thursday to sign a memorandum to determine the amount of grain available for export in the 2015/16 season, adding uncertainty to the market, traders said. The draft memorandum, which was intende
Published 18 Oct, 2015 12:00am
Asian coffee: Vietnam premiums stable, Indonesia supply drops
Currency

Asian coffee: Vietnam premiums stable, Indonesia supply drops

Vietnam, the world's top robusta producer, has stepped up selling to cash in on a surge in futures prices, while Indonesian farmers slowed sales at the end of the harvest, tightening supply, traders said on Thursday. The November robusta contract hit an e
Published 18 Oct, 2015 12:00am
Cotton market: strong demand pushing prices up
Cotton

Cotton market: strong demand pushing prices up

Strong mills' buying pushing the rates at high on the cotton market on Saturday, dealers said. Resulting, the official spot rate maintained an upward trend, gaining more Rs 100 to Rs 5400, dealers said. In Sindh, seed cotton prices were up by Rs 100 to Rs
Published 18 Oct, 2015 12:00am
US Midwest soya bids widely mixed

US Midwest soya bids widely mixed

Soyabean spot basis bids were steady to widely mixed in the US Midwest on Thursday as the autumn harvest neared completion in some parts of the region, limiting the flow of fresh supplies coming to market, dealers said. Overall ample stockpiles and largel
Published 18 Oct, 2015 12:00am
US FOB Gulf soya, corn offers weaker on light export demand

US FOB Gulf soya, corn offers weaker on light export demand

Light demand kept US soyabean and corn export premiums unchanged to weaker at the Gulf Coast on Thursday, traders said. Wheat offers were mostly steady. Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said it bought 240,000
Published 18 Oct, 2015 12:00am
Mixed patterns on grain market
Cotton

Mixed patterns on grain market

Mixed patterns were seen on the local grain market on Saturday in the process of modest trading, dealer said. On the cereals side, Moong Punjab was lower by Rs 250 to Rs 10500 and Moong Afghan lost Rs 150 to Rs 11500, Tuver Burma also shed Rs 100 to Rs 17
Published 18 Oct, 2015 12:00am
Asia losing its appetite for rice in favour of wheat

Asia losing its appetite for rice in favour of wheat

Asia is losing some of its appetite for rice in favour of wheat, a trend that is nowhere more pronounced than South Korea where bread and pastries have become a new staple. From working mothers, who find toast more convenient to prepare for breakfast, to
Published 18 Oct, 2015 12:00am
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