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Print - 2016-01-05
The Weather

The Weather

The weather report on Monday (January 04, 2016) and the forecast for Tuesday (January 05, 2016).

Published 05 Jan, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (January 04, 2016).

Published 05 Jan, 2016 12:00am
Prime Minister arrives in Sri Lanka on three-day official visit

Prime Minister arrives in Sri Lanka on three-day official visit

Prime Minister Nawaz Sharif on Monday arrived in the Sri Lanka's capital Colombo to hold meetings with the Sri Lankan leadership on issues of mutual interest. Sri Lanka's Prime Minister Ranil Wickremesinghe received Prime Minister Sharif on his arrival at
Published 05 Jan, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (January 04, 2016).

Published 05 Jan, 2016 12:00am
Haqqani rebuked for presenting anti-state views

Haqqani rebuked for presenting anti-state views

A media report has criticised Pakistan's former ambassador to the United States, Hussain Haqqani, for allegedly speaking against the state and misrepresenting the country's fight against terrorism. The report carried out by website 'ZoneAsia-PK' said that
Published 05 Jan, 2016 12:00am
Final RLNG price in two weeks: Ogra chairman

Final RLNG price in two weeks: Ogra chairman

Oil and Gas Regulatory Authority (ORGRA) will determine the final price of the RLNG (Re-gasified Liquefied Natural Gas) within next two weeks after completion of public hearing process in this regard. Chairman OGRA Saeed Ahmed Khan said this while talking
Published 05 Jan, 2016 12:00am
Supreme Court dismisses petition against Mirani's success

Supreme Court dismisses petition against Mirani's success

The Supreme Court of Pakistan on Monday dismissed election petition filed by Ibrahim Jatoi against the decision of Election Tribunal over the success of Pakistan People Party (PPP) Aftab Shaban Mirani from NA 202 Shikarpur. The three-member bench headed b
Published 05 Jan, 2016 12:00am
The Saudi economy
Exchange

The Saudi economy

After enjoying a long period of abundance and prosperity, Saudi Arabia is all set to see its fortune diminishing in the near future due to a drastic fall in crude prices. Reflecting this scenario, it announced a record budget deficit and cuts in fuel and
Published 05 Jan, 2016 12:00am
'A troublesome CII'

'A troublesome CII'

"A troublesome CII carried by Business Recorder on Sunday. This is one of the best moments on the scuffle that took place between the two Ulema at a recent meeting of the Council of Islamic Ideology (CCI). The editorial has argued that "the Council
Published 05 Jan, 2016 12:00am
China challenge: getting poor migrant workers to buy vacant homes

China challenge: getting poor migrant workers to buy vacant homes

Rattled by the potential economic fallout from millions of unsold homes, China wants migrant workers to buy properties in smaller cities and ease the burden on a real estate sector that makes up about 15 percent of the country's economic growth. The move
Published 05 Jan, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (January 04, 2016)

Published 05 Jan, 2016 12:00am
The voluntary tax compliance scheme

The voluntary tax compliance scheme

The Government has presented to the National Assembly a bill on a voluntary tax compliance scheme (VTCS) for traders. This is the outcome of extended deliberations with the trading community following the imposition of 0.6 per cent withholding tax on vari
Published 05 Jan, 2016 12:00am
Yet another amnesty?
Exchange

Yet another amnesty?

On January 1, the Voluntary Tax Compliance Scheme (VTCS) the Prime Minister announced was a New Year gift for the trader community and also earned a "gold medal there for, but since VTCS will amend the Income Tax Ordinance, and therefore require parliamen
Published 05 Jan, 2016 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 (January 04, 2016).

Published 05 Jan, 2016 12:00am
Health insurance for the poor

Health insurance for the poor

Prime Minister Nawaz Sharif launched the first-ever public sector health insurance programme for the poor on Thursday, describing it as a first step towards making Pakistan a welfare state. It is to be implemented in two phases starting with Islamabad and
Published 05 Jan, 2016 12:00am
Grain market rates
Cotton

Grain market rates

Karachi grain market rates in rupees on Monday (January 04, 2016).

Published 05 Jan, 2016 12:00am
BRIndex30 sheds 114.62 points

BRIndex30 sheds 114.62 points

On Monday, BRIndex30 opened at 20,440.10 points. It touched an intraday high of 20,507.11 points and an intraday low of 20,293.08 points and closed at 20,325.48 points which was -114.62 points or -0.56 percent lower than previous close. Total volume was 7
Published 05 Jan, 2016 12:00am
Taiwan seeks to buy 88,750 tonnes of US wheat

Taiwan seeks to buy 88,750 tonnes of US wheat

The Taiwan Flour Millers' Association has issued an international tender to purchase 88,750 tonnes of grade 1 milling wheat to be sourced from the United States, European traders said on Monday. Tender deadline is January 12, they said. The wheat is sough
Published 05 Jan, 2016 12:00am
Rice prices higher on grain market
Cotton

Rice prices higher on grain market

Rice and some other commodities were higher on the wholesale grain market on Monday in the process of modest trading, dealer said. On rice sector, Irri-9 Sindh gained Rs 400 to Rs 3500-3600, Basmati/D-98-Shahdadkot followed same pattern, picking up Rs 100
Published 05 Jan, 2016 12:00am
Ethiopia tenders to buy 70,000 tonnes of wheat

Ethiopia tenders to buy 70,000 tonnes of wheat

The Ethiopian government has issued an international tender to purchase 70,000 tonnes of milling wheat, European traders said on Monday. The tender deadline is January 5, they said. Finance for the purchase has been provided by the World Bank, traders sai
Published 05 Jan, 2016 12:00am
South Korea's NOFI tenders for wheat, barley

South Korea's NOFI tenders for wheat, barley

South Korea's largest feedmaker Nonghyup Feed Inc (NOFI) has issued an international tender to purchase up to 60,000 tonnes of feed wheat and 13,000 tonnes of feed barley, European traders said on Monday. The tender deadline is Tuesday, January 5, they sa
Published 05 Jan, 2016 12:00am
US Plains HRW wheat bids unchanged

US Plains HRW wheat bids unchanged

Spot basis bids for hard red winter wheat were unchanged at elevators, mills and terminals in the southern US Plains on Monday, as farmers waited for higher prices, grain merchandisers said. Dealers said farmers were waiting for wheat to hit $5 a bushel b
Published 05 Jan, 2016 12:00am
Seed cotton prices mixed on slow trade activity
Cotton

Seed cotton prices mixed on slow trade activity

Prices of seed cotton move both ways on the cotton market on Monday in the process of modest trading, dealers said. The official spot rate was unchanged at Rs 5,250, dealers said. In Sindh, low type of seed cotton prices were down by Rs 400 to Rs 1800 and
Published 05 Jan, 2016 12:00am
Oil cake market rates
Cotton

Oil cake market rates

Both the deliveries were unmoved on the forward cottonseeds oilcake market on Monday in the process of trading, dealers said. The January vaida was closed at at Rs 2049.20 and it commenced with no change in the morning session, they said. The March contra
Published 05 Jan, 2016 12:00am
Chicago soyabean futures slide to two-week low

Chicago soyabean futures slide to two-week low

Chicago soyabean futures slid on Monday to touch a two-week low, with rain in Brazil's top soyabean belt keeping the country on course for a bumper harvest, on top of already ample global supply of the oilseed. Wheat edged lower as worries about weather r
Published 05 Jan, 2016 12:00am
US natural gas futures little changed on cold weather forecasts
Exchange

US natural gas futures little changed on cold weather forecasts

US natural gas futures traded within a few cents of unchanged Monday morning, the first trading day of 2016, as colder-than-normal weather forecasts for the next two weeks were little changed from Thursday. Front-month natural gas futures on the New York
Published 05 Jan, 2016 12:00am
Asian naphtha crack slips on muted demand

Asian naphtha crack slips on muted demand

Asia's naphtha crack slipped to $138.35 a tonne on Monday, the lowest in over a week, with muted purchases from key buying region North Asia at the start of the year's trading session. Naphtha cash deals in the Singapore market however resumed after an ab
Published 05 Jan, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 05 Jan, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 05 Jan, 2016 12:00am
State Bank of Pakistan conversion rates
Exchange

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 05 Jan, 2016 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

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 05 Jan, 2016 12:00am
Currency notes: exchange rates
Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (January 04, 2016).

Published 05 Jan, 2016 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (January 04, 2016).
Published 05 Jan, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (January 04, 2016).

Published 05 Jan, 2016 12:00am
Oil down; China, Wall Street tumble erase early rally on Middle East

Oil down; China, Wall Street tumble erase early rally on Middle East

Oil prices weakened on Monday in volatile trade, erasing an early rally as concern about Middle East tensions gave way to worries about slowing global economic growth and sliding stock markets. US crude prices were also pressured by worries that record in
Published 05 Jan, 2016 12:00am
Rubber plunges
Exchange

Rubber plunges

Benchmark Tokyo rubber futures hit their lowest level since 2009 on Monday, in line with a slump in Shanghai futures, after weak Chinese factory activity renewed worries over slowing demand in the world's top consumer. The Tokyo Commodity Exchange rubber
Published 05 Jan, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (January 04, 2016).

Published 05 Jan, 2016 12:00am
Pakistan concerned at escalation of tension

Pakistan concerned at escalation of tension

Pakistan on Monday expressed concern at escalation of tension between Saudi Arabia and Iran, describing the attack on Saudi Embassy in Tehran as "most unfortunate and deeply regrettable". Reacting to the situation that emerged following execution of a top
Published 05 Jan, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (January 04, 2016).

Published 05 Jan, 2016 12:00am
Pakistan concerned at escalation of tension

Pakistan concerned at escalation of tension

Pakistan on Monday expressed concern at escalation of tension between Saudi Arabia and Iran, describing the attack on Saudi Embassy in Tehran as "most unfortunate and deeply regrettable". Reacting to the situation that emerged following execution of a top
Published 05 Jan, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (January 04, 2016).

Published 05 Jan, 2016 12:00am
China selloff sparks gloomy 2016 start for stocks
Currency

China selloff sparks gloomy 2016 start for stocks

Global equity markets fell sharply on Monday, while gold and bonds rose, after a 7 percent slide in Chinese shares sparked by weak economic data rekindled worries over global growth on the first day of trading in 2016. Rising tensions in the Middle East a
Published 05 Jan, 2016 12:00am
China selloff sparks gloomy 2016 start for stocks
Currency

China selloff sparks gloomy 2016 start for stocks

Global equity markets fell sharply on Monday, while gold and bonds rose, after a 7 percent slide in Chinese shares sparked by weak economic data rekindled worries over global growth on the first day of trading in 2016. Rising tensions in the Middle East a
Published 05 Jan, 2016 12:00am
China selloff sparks gloomy 2016 start for stocks
Currency

China selloff sparks gloomy 2016 start for stocks

Global equity markets fell sharply on Monday, while gold and bonds rose, after a 7 percent slide in Chinese shares sparked by weak economic data rekindled worries over global growth on the first day of trading in 2016. Rising tensions in the Middle East a
Published 05 Jan, 2016 12:00am
China selloff sparks gloomy 2016 start for stocks
Currency

China selloff sparks gloomy 2016 start for stocks

Global equity markets fell sharply on Monday, while gold and bonds rose, after a 7 percent slide in Chinese shares sparked by weak economic data rekindled worries over global growth on the first day of trading in 2016. Rising tensions in the Middle East a
Published 05 Jan, 2016 12:00am
Siege near India's Afghan consulate ends after 25 hours

Siege near India's Afghan consulate ends after 25 hours

A 25-hour gun and bomb siege near the Indian consulate in Afghanistan's Mazar-i-Sharif city ended late Monday, after a bloody weekend assault on an air base in India near the Pakistan border. Separately Monday a Taliban truck bomb struck a compound housin
Published 05 Jan, 2016 12:00am
Siege near India's Afghan consulate ends after 25 hours

Siege near India's Afghan consulate ends after 25 hours

A 25-hour gun and bomb siege near the Indian consulate in Afghanistan's Mazar-i-Sharif city ended late Monday, after a bloody weekend assault on an air base in India near the Pakistan border. Separately Monday a Taliban truck bomb struck a compound housin
Published 05 Jan, 2016 12:00am
US sues Volkswagen for at least $20 billion over emissions cheating

US sues Volkswagen for at least $20 billion over emissions cheating

The US government sued Volkswagen Monday for installing equipment on nearly 600,000 diesel cars that intentionally subverted clean-air regulations, resulting in excess harmful emissions. Civil penalties in the lawsuit, filed by the Justice Department on b
Published 05 Jan, 2016 12:00am
Saudi Arabia to halt flights, trade with Iran

Saudi Arabia to halt flights, trade with Iran

Saudi Arabia widened its rift with Iran on Monday, saying it would end air traffic and trade links with the Islamic republic and demanding that Tehran must "act like a normal country" before it would restore severed diplomatic relations. Foreign Minister
Published 05 Jan, 2016 12:00am
Saudi Arabia to halt flights, trade with Iran

Saudi Arabia to halt flights, trade with Iran

Saudi Arabia widened its rift with Iran on Monday, saying it would end air traffic and trade links with the Islamic republic and demanding that Tehran must "act like a normal country" before it would restore severed diplomatic relations. Foreign Minister
Published 05 Jan, 2016 12:00am
PIA chief asked to produce record

PIA chief asked to produce record

The Special committee of National Assembly on Pakistan International Airlines (PIA) has sought operation and financial record, of the past 10 years, from Chairman PIA Nasser N. S. Jaffer along with restructuring plans for future. Asad Umar, Pakistan Tehre
Published 05 Jan, 2016 12:00am
PIA chief asked to produce record

PIA chief asked to produce record

The Special committee of National Assembly on Pakistan International Airlines (PIA) has sought operation and financial record, of the past 10 years, from Chairman PIA Nasser N. S. Jaffer along with restructuring plans for future. Asad Umar, Pakistan Tehre
Published 05 Jan, 2016 12:00am
PIA chief asked to produce record

PIA chief asked to produce record

The Special committee of National Assembly on Pakistan International Airlines (PIA) has sought operation and financial record, of the past 10 years, from Chairman PIA Nasser N. S. Jaffer along with restructuring plans for future. Asad Umar, Pakistan Tehre
Published 05 Jan, 2016 12:00am
Stocks fall trailing world markets

Stocks fall trailing world markets

Stocks closed lower mainly due to correction in the world markets and the benchmark KSE-100 index lost 220 points to close at 33,009 points down from 33,229 points Friday. The equity market started the week on a positive note as the KSE-100 index gained 6
Published 05 Jan, 2016 12:00am
Stocks fall trailing world markets

Stocks fall trailing world markets

Stocks closed lower mainly due to correction in the world markets and the benchmark KSE-100 index lost 220 points to close at 33,009 points down from 33,229 points Friday. The equity market started the week on a positive note as the KSE-100 index gained 6
Published 05 Jan, 2016 12:00am
Stocks fall trailing world markets

Stocks fall trailing world markets

Stocks closed lower mainly due to correction in the world markets and the benchmark KSE-100 index lost 220 points to close at 33,009 points down from 33,229 points Friday. The equity market started the week on a positive note as the KSE-100 index gained 6
Published 05 Jan, 2016 12:00am