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Print - 2015-10-21
UK rolls out red carpet for Xi on contentious visit

UK rolls out red carpet for Xi on contentious visit

Britain and China toasted a "golden age" of relations Tuesday with a state visit festooned with pomp and ceremony but overshadowed by concerns about national security, human rights and economic rivalry. Chinese President Xi Jinping's trip, years in the ma
Published 21 Oct, 2015 12:00am
UK rolls out red carpet for Xi on contentious visit

UK rolls out red carpet for Xi on contentious visit

Britain and China toasted a "golden age" of relations Tuesday with a state visit festooned with pomp and ceremony but overshadowed by concerns about national security, human rights and economic rivalry. Chinese President Xi Jinping's trip, years in the ma
Published 21 Oct, 2015 12:00am
Nearly 2,000 died in Hajj stampede

Nearly 2,000 died in Hajj stampede

The death toll from last month''s Hajj stampede has risen to at least 1,958, according to tallies given by foreign officials, making it the deadliest incident in the pilgrimage''s history. Saudi Arabia has yet to provide an updated death toll after saying
Published 21 Oct, 2015 12:00am
Nearly 2,000 died in Hajj stampede

Nearly 2,000 died in Hajj stampede

The death toll from last month's Hajj stampede has risen to at least 1,958, according to tallies given by foreign officials, making it the deadliest incident in the pilgrimage's history. Saudi Arabia has yet to provide an updated death toll after saying 7
Published 21 Oct, 2015 12:00am
Nearly 2,000 died in Hajj stampede

Nearly 2,000 died in Hajj stampede

The death toll from last month's Hajj stampede has risen to at least 1,958, according to tallies given by foreign officials, making it the deadliest incident in the pilgrimage's history. Saudi Arabia has yet to provide an updated death toll after saying 7
Published 21 Oct, 2015 12:00am
Metro Bus service: Federal, Punjab governments lock horns over subsidy

Metro Bus service: Federal, Punjab governments lock horns over subsidy

Punjab government has opposed Prime Minister Nawaz Sharif''s decision to share the operational cost of Rawalpindi-Islamabad Metro Bus service with the province on an equal basis. Sources in Capital Development Authority (CDA) said that the Prime Minister
Published 21 Oct, 2015 12:00am
Metro Bus service: Federal, Punjab governments lock horns over subsidy

Metro Bus service: Federal, Punjab governments lock horns over subsidy

Punjab government has opposed Prime Minister Nawaz Sharif's decision to share the operational cost of Rawalpindi-Islamabad Metro Bus service with the province on an equal basis. Sources in Capital Development Authority (CDA) said that the Prime Minister o
Published 21 Oct, 2015 12:00am
Metro Bus service: Federal, Punjab governments lock horns over subsidy

Metro Bus service: Federal, Punjab governments lock horns over subsidy

Punjab government has opposed Prime Minister Nawaz Sharif's decision to share the operational cost of Rawalpindi-Islamabad Metro Bus service with the province on an equal basis. Sources in Capital Development Authority (CDA) said that the Prime Minister o
Published 21 Oct, 2015 12:00am
Tax-to-GDP ratio reaches lowest level: AGP

Tax-to-GDP ratio reaches lowest level: AGP

Auditor General of Pakistan (AGP) has made astonishing disclosure that the tax-to GDP ratio of Federal Board of Revenue (FBR) reached its lowest level on the conclusion of the international donor''s funded Tax Administration Reform Project (TARP). Accordi
Published 21 Oct, 2015 12:00am
Tax-to-GDP ratio reaches lowest level: AGP

Tax-to-GDP ratio reaches lowest level: AGP

Auditor General of Pakistan (AGP) has made astonishing disclosure that the tax-to GDP ratio of Federal Board of Revenue (FBR) reached its lowest level on the conclusion of the international donor's funded Tax Administration Reform Project (TARP). Accordin
Published 21 Oct, 2015 12:00am
Tax-to-GDP ratio reaches lowest level: AGP

Tax-to-GDP ratio reaches lowest level: AGP

Auditor General of Pakistan (AGP) has made astonishing disclosure that the tax-to GDP ratio of Federal Board of Revenue (FBR) reached its lowest level on the conclusion of the international donor's funded Tax Administration Reform Project (TARP). Accordin
Published 21 Oct, 2015 12:00am
BRIndex30 falls 125.8 points

BRIndex30 falls 125.8 points

On Tuesday, BRIndex30 opened at 20,686.62 points and remained negative throughout the trading session. It touched an intraday high of 20,656.09 points and an intraday low of 20,560.82 points and closed at 20,560.82 points which was -125.8 points or -0.61
Published 21 Oct, 2015 12:00am
BRIndex30 falls 125.8 points

BRIndex30 falls 125.8 points

On Tuesday, BRIndex30 opened at 20,686.62 points and remained negative throughout the trading session. It touched an intraday high of 20,656.09 points and an intraday low of 20,560.82 points and closed at 20,560.82 points which was -125.8 points or -0.61
Published 21 Oct, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (October 20, 2015).

Published 21 Oct, 2015 12:00am
Equities trim gains

Equities trim gains

Stocks shed 56.5 points Tuesday to close at 33,910.17 points from 33,966.75 points Monday. Lack of trigger and profit-taking in select stocks the analysts cited as major reasons for the day''s bearish trend. In intraday trade, the KSE-100 index remained v
Published 21 Oct, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (October 20, 2015).

Published 21 Oct, 2015 12:00am
Equities trim gains

Equities trim gains

Stocks shed 56.5 points Tuesday to close at 33,910.17 points from 33,966.75 points Monday. Lack of trigger and profit-taking in select stocks the analysts cited as major reasons for the day's bearish trend. In intraday trade, the KSE-100 index remained vo
Published 21 Oct, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (October 20, 2015).

Published 21 Oct, 2015 12:00am
Equities trim gains

Equities trim gains

Stocks shed 56.5 points Tuesday to close at 33,910.17 points from 33,966.75 points Monday. Lack of trigger and profit-taking in select stocks the analysts cited as major reasons for the day's bearish trend. In intraday trade, the KSE-100 index remained vo
Published 21 Oct, 2015 12:00am
Three Russians killed in Syria

Three Russians killed in Syria

At least three Russians fighting alongside Syrian government forces were killed and several more wounded when a shell hit their position in the coastal province of Latakia, a senior pro-government military source said on Tuesday. If confirmed, the deaths
Published 21 Oct, 2015 12:00am
Three Russians killed in Syria

Three Russians killed in Syria

At least three Russians fighting alongside Syrian government forces were killed and several more wounded when a shell hit their position in the coastal province of Latakia, a senior pro-government military source said on Tuesday. If confirmed, the deaths
Published 21 Oct, 2015 12:00am
US to sell Saudi Arabia four advanced warships

US to sell Saudi Arabia four advanced warships

The US government has approved an $11 billion deal to sell Saudi Arabia four advanced warships, officials said Tuesday, amid mounting regional tension. Saudi Arabia is modernising its eastern fleet, which faces off against Iranian forces across the oil-ri
Published 21 Oct, 2015 12:00am
US to sell Saudi Arabia four advanced warships

US to sell Saudi Arabia four advanced warships

The US government has approved an $11 billion deal to sell Saudi Arabia four advanced warships, officials said Tuesday, amid mounting regional tension. Saudi Arabia is modernising its eastern fleet, which faces off against Iranian forces across the oil-ri
Published 21 Oct, 2015 12:00am
TCP proposes retail sale of procured cotton
Cotton

TCP proposes retail sale of procured cotton

The Trading Corporation of Pakistan (TCP) has proposed the retail sale of cotton on a daily basis at Karachi Cotton Association rates to immediately offload the procured stocks. Sources told Business Recorder Tuesday that this proposal has been sub
Published 21 Oct, 2015 12:00am
TCP proposes retail sale of procured cotton
Cotton

TCP proposes retail sale of procured cotton

The Trading Corporation of Pakistan (TCP) has proposed the retail sale of cotton on a daily basis at Karachi Cotton Association rates to immediately offload the procured stocks. Sources told Business Recorder Tuesday that this proposal has been sub
Published 21 Oct, 2015 12:00am
TCP proposes retail sale of procured cotton
Cotton

TCP proposes retail sale of procured cotton

The Trading Corporation of Pakistan (TCP) has proposed the retail sale of cotton on a daily basis at Karachi Cotton Association rates to immediately offload the procured stocks. Sources told Business Recorder Tuesday that this proposal has been sub
Published 21 Oct, 2015 12:00am
Pakistan 'not optimistic' about playing India

Pakistan 'not optimistic' about playing India

Pakistan's cricket chief said Tuesday he was not optimistic about resuming ties with India after hardline Hindu activists sabotaged talks between the two sides. Pakistan Cricket Board (PCB) chairman Shaharyar Khan was due to meet Board of Control for Cric
Published 21 Oct, 2015 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (October 20, 2015).

Published 21 Oct, 2015 12:00am
Pakistan 'not optimistic' about playing India

Pakistan 'not optimistic' about playing India

Pakistan's cricket chief said Tuesday he was not optimistic about resuming ties with India after hardline Hindu activists sabotaged talks between the two sides. Pakistan Cricket Board (PCB) chairman Shaharyar Khan was due to meet Board of Control for Cric
Published 21 Oct, 2015 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (October 20, 2015).
Published 21 Oct, 2015 12:00am
Thar block II: China to finance second coal-fired power plant

Thar block II: China to finance second coal-fired power plant

China has agreed to finance second 660 MW coal fired power plant at Thar block II aimed at enhancing generation capacity of Thar block to 1320 MW. This decision was made at the meeting held on video conference between Secretary Ministry of Water and Power
Published 21 Oct, 2015 12:00am
Thar block II: China to finance second coal-fired power plant

Thar block II: China to finance second coal-fired power plant

China has agreed to finance second 660 MW coal fired power plant at Thar block II aimed at enhancing generation capacity of Thar block to 1320 MW. This decision was made at the meeting held on video conference between Secretary Ministry of Water and Power
Published 21 Oct, 2015 12:00am
Thar block II: China to finance second coal-fired power plant

Thar block II: China to finance second coal-fired power plant

China has agreed to finance second 660 MW coal fired power plant at Thar block II aimed at enhancing generation capacity of Thar block to 1320 MW. This decision was made at the meeting held on video conference between Secretary Ministry of Water and Power
Published 21 Oct, 2015 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (October 20, 2015).

Published 21 Oct, 2015 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (October 20, 2015).

Published 21 Oct, 2015 12:00am
Prime Minister arrives in Washington

Prime Minister arrives in Washington

Prime Minister Nawaz Sharif has arrived here on a four-day official visit and was received by the officials of US State Department and Pakistan embassy. Pakistan's ambassador to the US, Jalil Abbas Jilani and the country's envoy to the United Nations Mali
Published 21 Oct, 2015 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 21 Oct, 2015 12:00am
Prime Minister arrives in Washington

Prime Minister arrives in Washington

Prime Minister Nawaz Sharif has arrived here on a four-day official visit and was received by the officials of US State Department and Pakistan embassy. Pakistan's ambassador to the US, Jalil Abbas Jilani and the country's envoy to the United Nations Mali
Published 21 Oct, 2015 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 21 Oct, 2015 12:00am
Sugar export: PSMA seeking 50 percent increase in rebate
Cotton

Sugar export: PSMA seeking 50 percent increase in rebate

Pakistan Sugar Mills Association (PSMA) has reportedly sought a 50 percent increase - from Rs 10 to Rs 15 per kg - in rebate on export of sugar at the beginning of the crushing season of 2015-16, well informed sources in told Business Recorder. Wit
Published 21 Oct, 2015 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 21 Oct, 2015 12:00am
Sugar export: PSMA seeking 50 percent increase in rebate
Cotton

Sugar export: PSMA seeking 50 percent increase in rebate

Pakistan Sugar Mills Association (PSMA) has reportedly sought a 50 percent increase - from Rs 10 to Rs 15 per kg - in rebate on export of sugar at the beginning of the crushing season of 2015-16, well informed sources in told Business Recorder. Wit
Published 21 Oct, 2015 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 21 Oct, 2015 12:00am
Sugar export: PSMA seeking 50 percent increase in rebate
Cotton

Sugar export: PSMA seeking 50 percent increase in rebate

Pakistan Sugar Mills Association (PSMA) has reportedly sought a 50 percent increase - from Rs 10 to Rs 15 per kg - in rebate on export of sugar at the beginning of the crushing season of 2015-16, well informed sources in told Business Recorder. Wit
Published 21 Oct, 2015 12:00am
Sindh not interested in acquiring PSM: Mandviwala

Sindh not interested in acquiring PSM: Mandviwala

While expressing serious reservations on the country''s privatisation process, Chair-man Senate Standing Committee on Finance Saleem Mandviwala said was unable to understand rationale behind offering Pakistan Steel Mills to the Sindh government, which is
Published 21 Oct, 2015 12:00am
Bribery scheme: former UN General Assembly head, four others indicted

Bribery scheme: former UN General Assembly head, four others indicted

A former president of the United Nations General Assembly, a billionaire Macau real estate developer and three others were formally indicted by a US grand jury on Tuesday for engaging in a wide-ranging bribery scheme. John Ashe, a former UN ambassador fro
Published 21 Oct, 2015 12:00am
Sindh not interested in acquiring PSM: Mandviwala

Sindh not interested in acquiring PSM: Mandviwala

While expressing serious reservations on the country's privatisation process, Chair-man Senate Standing Committee on Finance Saleem Mandviwala said was unable to understand rationale behind offering Pakistan Steel Mills to the Sindh government, which is n
Published 21 Oct, 2015 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Monday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 4.75 billion. The number of lots traded was 25.61 million. PMEX Commodity Index closed at 2,559. Major business was contributed by gold amounting to PKR 4.57 billion followed by crude
Published 21 Oct, 2015 12:00am
Sindh not interested in acquiring PSM: Mandviwala

Sindh not interested in acquiring PSM: Mandviwala

While expressing serious reservations on the country's privatisation process, Chair-man Senate Standing Committee on Finance Saleem Mandviwala said was unable to understand rationale behind offering Pakistan Steel Mills to the Sindh government, which is n
Published 21 Oct, 2015 12:00am
EU wheat prices fall on forecast of rains in US, Russia

EU wheat prices fall on forecast of rains in US, Russia

European Union wheat prices were lower on Monday with parched crops in both Russia and the southern US Plains set to benefit from much needed showers this week. December milling wheat on the Paris-based Euronext settled 1.25 euros or 0.7 percent lower at
Published 21 Oct, 2015 12:00am
Dissident commanders meet to choose rival Afghan Taliban leader

Dissident commanders meet to choose rival Afghan Taliban leader

Weeks after the Afghan Taliban's biggest battlefield success since 2001, dissident commanders unhappy with their new leader Mullah Akhtar Mohammad Mansour are meeting to choose a rival, they told Reuters on Tuesday. Analysts say the recent brief occupatio
Published 21 Oct, 2015 12:00am
Karachi Port's activities

Karachi Port's activities

The Karachi Port handled 132,036 tonnes of cargo comprising 97,578 tonnes of import cargo and 34,458 tonnes of export cargo including 5,005 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 97,
Published 21 Oct, 2015 12:00am
Dissident commanders meet to choose rival Afghan Taliban leader

Dissident commanders meet to choose rival Afghan Taliban leader

Weeks after the Afghan Taliban's biggest battlefield success since 2001, dissident commanders unhappy with their new leader Mullah Akhtar Mohammad Mansour are meeting to choose a rival, they told Reuters on Tuesday. Analysts say the recent brief occupatio
Published 21 Oct, 2015 12:00am
US FOB Gulf soyabean offers hold on steady demand from China

US FOB Gulf soyabean offers hold on steady demand from China

Soyabean export premiums at the US Gulf Coast were mostly level on Monday, underpinned by steady demand from top importer China but capped by growing supplies from a bumper harvest, traders said. Corn and wheat export premiums were flat in quiet trading a
Published 21 Oct, 2015 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Spot cash basis bids for hard red winter wheat were unchanged in the southern US Plains on Monday and farmer selling was quiet as K.C. hard red winter wheat futures fell to one-month lows, grain dealers said. Most producers were finishing up planting wint
Published 21 Oct, 2015 12:00am
Philippines may import more rice after typhoon damages crops

Philippines may import more rice after typhoon damages crops

The Philippines could be forced to import more rice after Typhoon Koppu hit major grain producing regions over the weekend causing "significant" losses, a senior agriculture official said on Tuesday. Official preliminary estimates on losses stood at aroun
Published 21 Oct, 2015 12:00am
Russian wheat prices up on higher demand

Russian wheat prices up on higher demand

Russian wheat prices rose further last week, supported by higher demand after a cut in wheat export tax, analysts and a trader said on Tuesday. The market had been expecting the tax cut for several weeks before the order went out on September 30 and farme
Published 21 Oct, 2015 12:00am
Canadian canola falls

Canadian canola falls

ICE Canadian canola fell for the sixth time in eighth sessions on Monday, weighed down by some hedging by farmers and commercial operators who were guarding against further declines as the end of harvest neared, traders said. Canola harvest was close to c
Published 21 Oct, 2015 12:00am