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Print - 2015-11-12
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 11, 2015).

Published 12 Nov, 2015 12:00am
Kissan Package: release of funds termed violation of code of conduct

Kissan Package: release of funds termed violation of code of conduct

Chief Election Commissioner Sardar Raza Khan Wednesday reportedly said that the release of funds under Prime Minister's Rs 341 billion Kissan Relief Package after the announcement of schedule for local government elections is a violation of code of conduc
Published 12 Nov, 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 Wednesday (November 11, 2015).

Published 12 Nov, 2015 12:00am
Kissan Package: release of funds termed violation of code of conduct

Kissan Package: release of funds termed violation of code of conduct

Chief Election Commissioner Sardar Raza Khan Wednesday reportedly said that the release of funds under Prime Minister's Rs 341 billion Kissan Relief Package after the announcement of schedule for local government elections is a violation of code of conduc
Published 12 Nov, 2015 12:00am
Kissan Package: release of funds termed violation of code of conduct

Kissan Package: release of funds termed violation of code of conduct

Chief Election Commissioner Sardar Raza Khan Wednesday reportedly said that the release of funds under Prime Minister''s Rs 341 billion Kissan Relief Package after the announcement of schedule for local government elections is a violation of code of condu
Published 12 Nov, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (November 11, 2015)

Published 12 Nov, 2015 12:00am
Prospective Rs 40 billion taxes; PPP submits adjournment motion in NA

Prospective Rs 40 billion taxes; PPP submits adjournment motion in NA

Pakistan Peoples' Party (PPP) Wednesday submitted an adjournment motion in the National Assembly against the prospective imposition of additional taxes worth Rs 40 billion as per the directions of International Monetary Fund (IMF). The adjournment motion
Published 12 Nov, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (November 11, 2015).

Published 12 Nov, 2015 12:00am
Prospective Rs 40 billion taxes; PPP submits adjournment motion in NA

Prospective Rs 40 billion taxes; PPP submits adjournment motion in NA

Pakistan Peoples' Party (PPP) Wednesday submitted an adjournment motion in the National Assembly against the prospective imposition of additional taxes worth Rs 40 billion as per the directions of International Monetary Fund (IMF). The adjournment motion
Published 12 Nov, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 12 Nov, 2015 12:00am
Tajik President arrives

Tajik President arrives

President of Tajikistan Emomali Rahmon arrived here Wednesday on a two-day official visit for discussion on issues of mutual interests including co-operation in economic, energy, infrastructure development for rail and road links with Pakistani leadership
Published 12 Nov, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 12 Nov, 2015 12:00am
'Sick man of Europe' Finland agonises over austerity
Currency

'Sick man of Europe' Finland agonises over austerity

Finland was one of the toughest European critics of Greece during its debt crisis, chastising it for failing to push through reforms to revive its economy. Now the Nordic nation is struggling to overhaul its own finances as it seeks to claw its way out of
Published 12 Nov, 2015 12:00am
UniCredit, feeling squeeze from low rates, cuts 18,200 jobs

UniCredit, feeling squeeze from low rates, cuts 18,200 jobs

Italy's top bank UniCredit announced plans Wednesday to shed over 18,000 jobs in an effort to stay profitable as low interest rates and the weak economy weigh on earnings. The cuts are to save the bank 1.6 billion euros ($1.71 billion), the bank said in a
Published 12 Nov, 2015 12:00am
Brewer AB InBev buys rival SABMiller for $121 billion

Brewer AB InBev buys rival SABMiller for $121 billion

The world's top brewer Anheuser-Busch InBev clinched Wednesday a gigantic $121-billion deal for its nearest rival SABMiller, in the third biggest take-over in global corporate history. The blockbuster transaction, worth the equivalent of 112 billion euros
Published 12 Nov, 2015 12:00am
China splurges on world's biggest online shopping spree

China splurges on world's biggest online shopping spree

Chinese Internet users spent billions of dollars in the planet's biggest online shopping splurge Wednesday, as "Singles Day" hit new heights, despite slowing growth in the world's second-largest economy. The cumulative national bill for the day-long comme
Published 12 Nov, 2015 12:00am
British unemployment hits seven-year low

British unemployment hits seven-year low

Britain's unemployment rate hit a new seven-year low in the third quarter, while employment struck a record high, official data showed Wednesday. The rate - the proportion of the labour force without work - for the three months to the end of September sli
Published 12 Nov, 2015 12:00am
Mercosur states near new EU free trade offer: Paraguay

Mercosur states near new EU free trade offer: Paraguay

Four south American countries hope to relaunch stalled negotiations on a free trade deal with the European Union next month, Paraguay's President Horacio Cartes told AFP. "There are just a few details remaining to be resolved" before four members of the M
Published 12 Nov, 2015 12:00am
PanAust pushing ahead to firm up PNG copper-gold project

PanAust pushing ahead to firm up PNG copper-gold project

Australian miner PanAust is pushing ahead with work to firm up a giant Papua New Guinea copper/gold project, even in the face of low prices as the commodity cycle bottoms out, its managing director told Reuters. The miner, bought by China's state-owned Gu
Published 12 Nov, 2015 12:00am
Gold edges towards three-month low in Europe

Gold edges towards three-month low in Europe

Gold edged down towards a three-month low on Wednesday, failing to benefit from a softer dollar, as pressure from an anticipated US rate hike as soon as next month persisted. Platinum also came under pressure, sliding to its lowest in nearly seven years a
Published 12 Nov, 2015 12:00am
Gold edges up in Asia

Gold edges up in Asia

Gold ticked up on Wednesday as the dollar pared some of its recent gains, but the metal remained under pressure near a three-month low as outflows from bullion funds and an anticipated US rate hike weighed on the market. Assets in SPDR Gold Trust, the top
Published 12 Nov, 2015 12:00am
Gold falls in New York

Gold falls in New York

Gold fell toward a three-month low on Tuesday as the dollar hit a seven-month peak on prospects the US Federal Reserve will raise interest rates in December, while silver and platinum extended losses to multi-week troughs. "I don't think a December rate h
Published 12 Nov, 2015 12:00am
Cocoa consolidates, sugar climbs

Cocoa consolidates, sugar climbs

Cocoa futures in London consolidated on Wednesday just below the prior session's four-month high as the market waited to see the extent to which recent rains in Ivory Coast had improved the outlook for crops in the world's top grower. Raw sugar futures ex
Published 12 Nov, 2015 12:00am
Palm oil falls
Vegetable Oil

Palm oil falls

Malaysian palm oil futures fell on Wednesday on an unexpected rise in production and a slightly stronger ringgit, resuming its downtrend after a one-session rise. The January benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange lost 2.2
Published 12 Nov, 2015 12:00am
Corn and soyabeans sink to new lows

Corn and soyabeans sink to new lows

US corn and soyabean futures fell to contract lows on Tuesday after the US Department of Agriculture raised its 2015 harvest forecasts by more than expected and increased estimates for end-of-season stocks. Wheat futures slumped for a third straight sessi
Published 12 Nov, 2015 12:00am
Rubber climbs

Rubber climbs

Benchmark Tokyo rubber futures climbed to their two-week high on Wednesday as investors continued to unwind short positions after last week's fall to a six-year low, but gains were limited by persistent worries about oversupply in Asia, dealers said.
Published 12 Nov, 2015 12:00am
Oil down 3 percent to 2-1/2-month low on rising US stockpiles

Oil down 3 percent to 2-1/2-month low on rising US stockpiles

Oil prices fell about 3 percent on Wednesday to their lowest since August on worries that US government data will show a seventh weekly build in crude inventories. US crude stocks jumped 6.3 million barrels last week, powered by a big rise at the Cushing,
Published 12 Nov, 2015 12:00am
Zinc and lead hit multi-year lows; copper up

Zinc and lead hit multi-year lows; copper up

Zinc and lead recovered from multi-year lows on Wednesday and copper steadied, having earlier veered towards a six-year trough after a gauge of top metals consumer China's factory health showed ongoing weakness in the world's top metals consumer.
Published 12 Nov, 2015 12:00am
Shanghai copper tumbles

Shanghai copper tumbles

Shanghai Futures Exchange copper came within a whisker of its weakest since July 2009, falling as far as 37,050 yuan a tonne on Wednesday, near the 37,030 hit in August, while Shfe aluminium flirted with the 10,000 yuan level which would be its weakest in
Published 12 Nov, 2015 12:00am
Falling trade on grain market
Cotton

Falling trade on grain market

A downward trend was seen on the wholesale grain market on Wednesday in the process of trading, dealer said. On the cereals side, Masoor Dall Canada lost Rs 200 to Rs 10800 and Rs 10900, Guwar Sindh and Punjab followed same trend, losing Rs 300 to Rs 3700
Published 12 Nov, 2015 12:00am
Bangladesh tea prices flat

Bangladesh tea prices flat

Tea prices in Bangladesh were unchanged at the weekly auction on Tuesday, although sales rose on strong demand for quality grade amid higher supplies. Bangladeshi tea fetched an average 189.11 taka ($2.44) per kg at the twenty-sixth auction of the current
Published 12 Nov, 2015 12:00am
Karachi Port's activities

Karachi Port's activities

The Karachi Port handled 129,234 tonnes of cargo comprising 106,518 tonnes of import cargo and 22,716 tonnes of export cargo including 3,660 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Published 12 Nov, 2015 12:00am
European wheat futures fall to one-week low

European wheat futures fall to one-week low

European wheat futures fell to a one-week low on Tuesday, pulled down by another fall on US markets, where the benchmark contract fell below $5, and slack export demand despite ongoing euro weakness against the dollar. Benchmark December on Paris-based Eu
Published 12 Nov, 2015 12:00am
US natural gas futures rise on cooler forecasts

US natural gas futures rise on cooler forecasts

US natural gas futures rose about 1 percent on Tuesday on forecasts for cooler weather that should boost heating demand a bit over the next two weeks, although mixed weather forecasts limited gains. Front-month gas futures on the New York Mercantile Excha
Published 12 Nov, 2015 12:00am
US FOB Gulf soyabeans export premiums firm

US FOB Gulf soyabeans export premiums firm

Export premiums for US soyabeans shipped from the Gulf Coast firmed on Tuesday as CIF barge basis values rose and as exporters anticipated renewed buying interest after a lull in demand as traders awaited a US government crop report. Corn and wheat premiu
Published 12 Nov, 2015 12:00am
China mulls corn subsidies to lift domestic sales

China mulls corn subsidies to lift domestic sales

China is considering offering subsidies to feed mills to lift domestic corn sales, while also trying to sell down its massive state reserves of the grain at discounted prices, industry sources said. The National Development and Reform Commission (NDRC), t
Published 12 Nov, 2015 12:00am
CBOT wheat futures fall on technical selling

CBOT wheat futures fall on technical selling

Wheat futures on the Chicago Board of Trade fell Tuesday, with benchmark December hitting a 2-1/2-week low, on technical selling and bearish data in monthly supply/demand reports from the US Department of Agriculture, traders said. The USDA raised its for
Published 12 Nov, 2015 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Tuesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 3,676 million. The number of lots traded was 22.03 million. PMEX Commodity Index increased by 0.27 percent and closed at 2,575. Major business was contributed by gold amounting to PK
Published 12 Nov, 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 12 Nov, 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 12 Nov, 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 Wednesday (November 11, 2015).

Published 12 Nov, 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 Wednesday (November 11, 2015).

Published 12 Nov, 2015 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (November 11, 2015).
Published 12 Nov, 2015 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (November 11, 2015).

Published 12 Nov, 2015 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 11, 2015).

Published 12 Nov, 2015 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 11, 2015).

Published 12 Nov, 2015 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 11, 2015).

Published 12 Nov, 2015 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (November 11, 2015).

Published 12 Nov, 2015 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (November 11, 2015).

Published 12 Nov, 2015 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (November 11, 2015).

Published 12 Nov, 2015 12:00am
AJK Council triggers considerable controversy

AJK Council triggers considerable controversy

The Azad Jammu and Kashmir Council has refused to give briefing to parliamentary body for not being constitutional part of Pakistan and the federation, saying the council is an organ of Azad state of Jammu and Kashmir and is not answerable Through a lette
Published 12 Nov, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (November 11, 2015).

Published 12 Nov, 2015 12:00am
AJK Council triggers considerable controversy

AJK Council triggers considerable controversy

The Azad Jammu and Kashmir Council has refused to give briefing to parliamentary body for not being constitutional part of Pakistan and the federation, saying the council is an organ of Azad state of Jammu and Kashmir and is not answerable Through a lette
Published 12 Nov, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (November 11, 2015).

Published 12 Nov, 2015 12:00am
Pakistan Army (Amendment) Bill passed

Pakistan Army (Amendment) Bill passed

The National Assembly Wednesday passed "The Pakistan Army (Amendment) Bill, 2015" to protect to witnesses, president, members of the court, defending officers, prosecutors and persons concerned with court proceedings. Parliamentary Secretary for Defence C
Published 12 Nov, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (November 11, 2015).

Published 12 Nov, 2015 12:00am
Pakistan Army (Amendment) Bill passed

Pakistan Army (Amendment) Bill passed

The National Assembly Wednesday passed "The Pakistan Army (Amendment) Bill, 2015" to protect to witnesses, president, members of the court, defending officers, prosecutors and persons concerned with court proceedings. Parliamentary Secretary for Defence C
Published 12 Nov, 2015 12:00am
Pakistan Army (Amendment) Bill passed

Pakistan Army (Amendment) Bill passed

The National Assembly Wednesday passed "The Pakistan Army (Amendment) Bill, 2015" to protect to witnesses, president, members of the court, defending officers, prosecutors and persons concerned with court proceedings. Parliamentary Secretary for Defence C
Published 12 Nov, 2015 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (November 11, 2015).

Published 12 Nov, 2015 12:00am
Lawmakers slam government over slow progress on NAP

Lawmakers slam government over slow progress on NAP

Members of the National Assembly Wednesday urged the federal government to improve governance and ensure implementation of National Action Plan to counter terrorism and extremism. Pakistan Tehreek-e-Insaf (PTI) leader Shafqat Mahmood said the ISPR stateme
Published 12 Nov, 2015 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (November 11, 2015).

Published 12 Nov, 2015 12:00am
Lawmakers slam government over slow progress on NAP

Lawmakers slam government over slow progress on NAP

Members of the National Assembly Wednesday urged the federal government to improve governance and ensure implementation of National Action Plan to counter terrorism and extremism. Pakistan Tehreek-e-Insaf (PTI) leader Shafqat Mahmood said the ISPR stateme
Published 12 Nov, 2015 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (November 11, 2015).

Published 12 Nov, 2015 12:00am
Growth to accelerate to 4.5 percent: World Bank

Growth to accelerate to 4.5 percent: World Bank

External risks have increased - and despite recent reforms Pakistan has limited buffers to absorb major shocks, says the World Bank (WB). The WB report "Pakistan Development Update", launched here on Wednesday has projected that Pakistan's Gross Domestic
Published 12 Nov, 2015 12:00am
Growth to accelerate to 4.5 percent: World Bank

Growth to accelerate to 4.5 percent: World Bank

External risks have increased - and despite recent reforms Pakistan has limited buffers to absorb major shocks, says the World Bank (WB). The WB report "Pakistan Development Update", launched here on Wednesday has projected that Pakistan's Gross Domestic
Published 12 Nov, 2015 12:00am
Growth to accelerate to 4.5 percent: World Bank

Growth to accelerate to 4.5 percent: World Bank

External risks have increased - and despite recent reforms Pakistan has limited buffers to absorb major shocks, says the World Bank (WB). The WB report "Pakistan Development Update", launched here on Wednesday has projected that Pakistan''s Gross Domestic
Published 12 Nov, 2015 12:00am
Growth to accelerate to 4.5 percent: World Bank

Growth to accelerate to 4.5 percent: World Bank

External risks have increased - and despite recent reforms Pakistan has limited buffers to absorb major shocks, says the World Bank (WB). The WB report "Pakistan Development Update", launched here on Wednesday has projected that Pakistan''''s Gross Domest
Published 12 Nov, 2015 12:00am
LSE index declines 4.04 points

LSE index declines 4.04 points

Shares swung to and fro but then slipped at the Lahore Stock Exchange amid an ascending transaction volume on Wednesday. The LSE-25 index declined by 4.04 points and closed at 5536.32 points against 5539.36 points of Tuesday, while the transaction volume
Published 12 Nov, 2015 12:00am
Economic zone: government hands Gwadar land over to China

Economic zone: government hands Gwadar land over to China

Pakistan handed hundreds of hectares of land over to China Wednesday for development of a special economic zone in the port of Gwadar, part of a $46 billion project giving Beijing greater access to the Middle East, Africa and Europe. The government of Bal
Published 12 Nov, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 12 Nov, 2015 12:00am
Economic zone: government hands Gwadar land over to China

Economic zone: government hands Gwadar land over to China

Pakistan handed hundreds of hectares of land over to China Wednesday for development of a special economic zone in the port of Gwadar, part of a $46 billion project giving Beijing greater access to the Middle East, Africa and Europe. The government of Bal
Published 12 Nov, 2015 12:00am
CM has no powers for parleys: Brahamdagh

CM has no powers for parleys: Brahamdagh

Exiled chief of Baloch Republican Party Brahamdagh Bugti has expressed his readiness for peace talks in Balochistan but said that the Chief Minister Dr Abdul Malik Baloch has no powers for negotiation. In an interview with BBC's Urdu Service, he said that
Published 12 Nov, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Nov, 2015 12:00am
CM has no powers for parleys: Brahamdagh

CM has no powers for parleys: Brahamdagh

Exiled chief of Baloch Republican Party Brahamdagh Bugti has expressed his readiness for peace talks in Balochistan but said that the Chief Minister Dr Abdul Malik Baloch has no powers for negotiation. In an interview with BBC's Urdu Service, he said that
Published 12 Nov, 2015 12:00am
Sino-Pak banking service protocol becomes effective

Sino-Pak banking service protocol becomes effective

Improvements in collaboration between the banking industries of China and Pakistan became effective on Wednesday following ratification, the Ministry of Commerce (MoC) said. The banking service protocol of the service trade agreement for the Free Trade Ar
Published 12 Nov, 2015 12:00am