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May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-01-12
Early trade in New York: Euro drops, dollar rises
Currency

Early trade in New York: Euro drops, dollar rises

The low-yielding euro fell for a second session against the dollar on Monday, as steadier global stock markets prompted investors to seek other currencies that provide better returns. Wall Street shares and Europe's main bourses were firmer after a poor s
Published 12 Jan, 2016 12:00am
Ministry okays customised Prize Bond scheme

Ministry okays customised Prize Bond scheme

The Finance Ministry has accorded approval to the customised Registered Prize Bonds scheme of the National Savings of Pakistan to generate more funds and ensure further security. The scheme will offer its customers, cash prizes by normal draw, besides, pr
Published 12 Jan, 2016 12:00am
Ministry okays customised Prize Bond scheme

Ministry okays customised Prize Bond scheme

The Finance Ministry has accorded approval to the customised Registered Prize Bonds scheme of the National Savings of Pakistan to generate more funds and ensure further security. The scheme will offer its customers, cash prizes by normal draw, besides, pr
Published 12 Jan, 2016 12:00am
Local bodies: MQM demands early elections on reserved seats

Local bodies: MQM demands early elections on reserved seats

Muttahida Qaumi Movement's (MQM) Hyderabad's Zonal In-charge Navaid Shamsi has demanded of the Election Commission of Pakistan to immediately hold election on reserved seats of local bodies. Addressing a hurriedly-called press conference at Hyderabad Pres
Published 12 Jan, 2016 12:00am
Baloch students: Hubco signs MoU on vocational scholarships

Baloch students: Hubco signs MoU on vocational scholarships

As part of its CSR Program, Hub Power Company (Hubco) has signed an MOU with The Hunar Foundation (THF) Karachi for providing scholarships for vocational skills training to 10 students living near Hub Power Plant, Balochistan. With an extensive CSR and co
Published 12 Jan, 2016 12:00am
Man beaten up by traffic police

Man beaten up by traffic police

A person, identified as Shafiq, was beaten by traffic wardens at PIDC area after he tried to park his motorcycle in a no parking area. Speaking to media persons, Shafiq said: "The scuffle broke out when I objected to the traffic wardens' move of shifting
Published 12 Jan, 2016 12:00am
Senate seeks Rs 2 billion for Nacta despite government's opposition

Senate seeks Rs 2 billion for Nacta despite government's opposition

Despite stiff resistance from the government, Senate on Monday passed a resolution with majority votes, seeking Rs 2 billion for National Counter-Terrorism Authority (Nacta), terming the recently released Rs 1.06 billion insufficient to meet the requireme
Published 12 Jan, 2016 12:00am
Thal West gas field: OGDCL completes exploration activities

Thal West gas field: OGDCL completes exploration activities

The state-run Oil and Gas Development Company Limited (OGDCL) has completed exploration activities in Thal West gas field in district Sukkar, Sindh and has made a gas discovery with initial production of 23 Million Cubic Feet per Day (MMCFD). According to
Published 12 Jan, 2016 12:00am
Senate body seeks critical details about K-Electric

Senate body seeks critical details about K-Electric

Senate Standing Committee on Water and Power on Monday sought details of K-Electric's own generation and Power Purchase Agreement (PPA) with Central Power Purchasing Agency (CPPA) after one of the committee members accused the power utility of getting 750
Published 12 Jan, 2016 12:00am
Workshop on effective use of ICTs for development held

Workshop on effective use of ICTs for development held

Pakistan Software Export Board (PSEB) and Ministry of IT organised a full day workshop on effective use of ICTs for development with Professor Tim Unwin, UNESCO Chair in ICT4D, at National IT Board in Islamabad. The workshop included four sessions on loca
Published 12 Jan, 2016 12:00am
Four ST leaders booked over hate speech

Four ST leaders booked over hate speech

Police on Monday registered a case against four leaders of Sunni Tehreek (ST), including its chief Sarwat Ejaz Qadri, on the charge of delivering hate speeches at a public gathering in Nishtar Park here. Besides the ST chief, other leaders booked by the S
Published 12 Jan, 2016 12:00am
PC Rawalpindi holds fashion event

PC Rawalpindi holds fashion event

A high-end fashion event was held at the newly renovated Grand Marquee of the Pearl Continental, Rawalpindi. The event featured the latest in couture designers. Designers, models and brand ambassadors were seen showcasing the latest couture designs. The e
Published 12 Jan, 2016 12:00am
Two cops shot dead in Swat

Two cops shot dead in Swat

Unidentified armed men gunned down two policemen here on Monday and fled the scene of the crime. Police said that unknown miscreants sprayed bullets at two cops in Dheri area of tehsil Kabal of district killing them on the spot.
Published 12 Jan, 2016 12:00am
Sindh government approves Rs 1.9 billion grant for 19 universities

Sindh government approves Rs 1.9 billion grant for 19 universities

Sindh government has approved a grant of Rs 1.9 billion for the expeditious completion of ongoing development schemes of various public sector universities of the province. According to sources, Sindh Chief Minister Syed Qaim Ali Shah, on a summary moved
Published 12 Jan, 2016 12:00am
MQM MPA visits HCCI

MQM MPA visits HCCI

MQM Member Sindh Assembly, Wasim Hussain, visited Hyderabad Chamber of Commerce and Industry (HCCI) on Monday and assured the business community of full support for resolving problems particularly the issues related to power load shedding, over billing an
Published 12 Jan, 2016 12:00am
PIAF lauds launch of PSX
Exchange

PIAF lauds launch of PSX

The Pakistan Industrial and Traders Association Front (PIAF) has appreciated the launch of a single unified stock exchange of the country - Pakistan Stock Exchange Limited (PSX), which will go a long way towards sustainable development of Pakistan capital
Published 12 Jan, 2016 12:00am
PIAF lauds launch of PSX
Exchange

PIAF lauds launch of PSX

The Pakistan Industrial and Traders Association Front (PIAF) has appreciated the launch of a single unified stock exchange of the country - Pakistan Stock Exchange Limited (PSX), which will go a long way towards sustainable development of Pakistan capital
Published 12 Jan, 2016 12:00am
Tevta chief reviews courses for women

Tevta chief reviews courses for women

Chairperson Tevta Irfan Qaiser Sheikh while addressing a meeting to review the courses being offered for females has said economic development of any country is not possible without the support of women. "In developed countries, women are fully contributi
Published 12 Jan, 2016 12:00am
PFMA to introduce fortified flour

PFMA to introduce fortified flour

The Pakistan Flour Mills Association (PFMA) is offering help to introduce fortified flour. Association Chairman, Muhammad Naeem's assurance came at a meeting with a delegation from the DSM Fortitech UK which visited him on Monday. The meeting also agreed
Published 12 Jan, 2016 12:00am
Shahbaz announces package for children working in brick kilns

Shahbaz announces package for children working in brick kilns

Punjab Chief Minister Shahbaz Sharif presided over a meeting of steering committee set up for elimination of child labour at brick kilns, here on Monday. The Chief Minister gave an approval to a special package for the education of children working at bri
Published 12 Jan, 2016 12:00am
Government must complete CPEC at any cost: LCCI members

Government must complete CPEC at any cost: LCCI members

Lahore Chamber of Commerce and Industry's President Sheikh Muhammad Arshad, Senior Vice President Almas Hyder and Vice President Nasir Saeed said in a joint statement that the government should complete the China-Pak Economic Corridor at any cost and shou
Published 12 Jan, 2016 12:00am
Honda launches sporty, elegant HR-V

Honda launches sporty, elegant HR-V

An exciting and colourful ceremony was organised by Honda Atlas Cars (Pakistan) Limited here on Monday to launch much awaited CBU SUV, The HR-V. The event unveiled the all new HR-V to a large number of media personnel from print and electronic media. The
Published 12 Jan, 2016 12:00am
Paper Clip opens its doors in Lahore

Paper Clip opens its doors in Lahore

Paper Clip, a leading multi-purpose stationery store, is taking up residency in Lahore. The store is located on Fountain Avenue, Main Gulberg and houses over 70 brands of international and local stationery. The brands housed at Paper Clip include but are
Published 12 Jan, 2016 12:00am
Bilawal pleads for wide-ranging judicial reforms

Bilawal pleads for wide-ranging judicial reforms

In a wide-ranging address to the Lahore High Court Bar Association covering issues in democracy, constitutionalism and rule of law the Chairman of Pakistan People's Party Bilawal Bhutto Zardari Monday called for revisiting the procedure for the appointmen
Published 12 Jan, 2016 12:00am
Government providing modern healthcare facilities: minister

Government providing modern healthcare facilities: minister

Punjab Law Minister Rana Sanaullah Khan said on Monday that the Punjab government was paying special attention to provide modern healthcare facilities to the masses and for this purpose billions of rupees were being spent. He said this while addressing a
Published 12 Jan, 2016 12:00am
'Clean, green Pakistan' Jamaat-e-Islami's goal: Siraj

'Clean, green Pakistan' Jamaat-e-Islami's goal: Siraj

Chief Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, has said that a clean and green Pakistan was the goal before the JI. He was inaugurating the tree plantation drive in his home constituency Samar Bagh, Dir on Monday. The JI chief opened the drive by p
Published 12 Jan, 2016 12:00am
DHA City scam: NAB extends remand of Hammad Arshad

DHA City scam: NAB extends remand of Hammad Arshad

An accountability court has extended a physical remand of a prime suspect in Rs 16 billion Defence Housing Authority City land acquisition scam for three days. On Monday, the National Accountability Bureau summoned the suspect Hammad Arshad, and sought ex
Published 12 Jan, 2016 12:00am
Rear Admiral Waseem Akram takes over as Commander Coast

Rear Admiral Waseem Akram takes over as Commander Coast

Rear Admiral Waseem Akram has taken over as Commander Coast from Rear Admiral Syed Bashir Ahmed in an impressive change of command ceremony held at PNS Iqbal on Monday. As Commander Coast, Rear Admiral Waseem Akram is now in charge of all units and establ
Published 12 Jan, 2016 12:00am
Sindh has reservations over some actions of Centre: Sharmila

Sindh has reservations over some actions of Centre: Sharmila

Advisor to Sindh Chief Minister on Culture and Tourism Sharmila Farooqui has said that Sindh Government has reservations over some actions of Federal Government and it should resolve all the issues through dialogue. She said that the federal government sh
Published 12 Jan, 2016 12:00am
JS Bank signs agreement with MCR Group

JS Bank signs agreement with MCR Group

JS Bank Limited (JSBL) signed an agreement with the MCR Group, more commonly known for its renowned food franchises, Pizza Hut, Burger King & TGIF, to provide amazing discounts to JS Bank customers. Customers will now be able to avail 40 percent off using
Published 12 Jan, 2016 12:00am
Customs department fails to clear consignments on time

Customs department fails to clear consignments on time

Customs department has appeared feckless to clear consignments on time, putting excessive financial burden in terms of demurrages and detention on the importers. Talking to Business Recorder, Arshad Jamal, Vice Chairman All Pakistan Customs Agents
Published 12 Jan, 2016 12:00am
Progress on DHA DCK's projects reviewed

Progress on DHA DCK's projects reviewed

The DHA City Karachi (DCK) Steering Committee's meeting was chaired by Administrator DHA, Brigadier Zubair Ahmed. A DHA statement on Monday said it was held at the DCK Directorate on Super Highway to review/evaluate the progress of the ongoing fast track
Published 12 Jan, 2016 12:00am
July-December Remittances surge by six percent to $9.73 billion

July-December Remittances surge by six percent to $9.73 billion

Workers' remittances continued an upward journey and posted an increase of 6 percent in the first six months (July to December) of this fiscal year (FY16). Overseas Pakistani workers remitted $9.735 billion in the first six months of FY16 compared with $9
Published 12 Jan, 2016 12:00am
MO's advice to farmers

MO's advice to farmers

The Met Office on Monday asked the farmers of irrigated areas to water just cultivated wheat crop keeping in view a dry weather ahead. "Wheat cultivation has completed in most of the irrigated areas," it said, adding that a dry spell of weather was on its
Published 12 Jan, 2016 12:00am
Missing person's case: SHC seeks JIT report

Missing person's case: SHC seeks JIT report

The Sindh High Court (SHC) on Monday directed SSP Investigation to submit a Joint Investigation Team's (JIT) report regarding the whereabouts of one Faraz Khan Baloch who has been missing since February 2015. The SHC bench headed by Irfan Saadat was heari
Published 12 Jan, 2016 12:00am
CPEC to improve socio-economic conditions of people: Dr Manli

CPEC to improve socio-economic conditions of people: Dr Manli

Dean National Institute of Strategic Communication (NISC), Beijing, Dr Manli Cheng said here on Monday that China-Pakistan Economic Corridor (CEPC) project is aimed at improving socio-economic conditions of people of both the friendly countries. He was sp
Published 12 Jan, 2016 12:00am
Karachi operation to continue: DG Rangers

Karachi operation to continue: DG Rangers

Director General, Sindh Rangers, Major General Bilal Akbar, has said that Karachi operation will continue, as there are no such issues which cannot be resolved. "Despite the ongoing push and pulls, I have been clearly instructed by the heads of armed forc
Published 12 Jan, 2016 12:00am
PTI Karachi seeks clarity on Rangers' status

PTI Karachi seeks clarity on Rangers' status

Pakistan Tehreek-e-Insaf (PTI) Karachi Organizer Ali Zaidi demanded from both the federal and Sindh governments to immediately clarify and resolve the status of Pakistan Rangers in Karachi.
Published 12 Jan, 2016 12:00am
German former chancellor Schroeder on Iran business visit

German former chancellor Schroeder on Iran business visit

Former German chancellor Gerhard Schroeder held talks Monday with top officials in Tehran on boosting trade links and Iran's diplomatic crisis with Saudi Arabia. The visit comes ahead of the expected implementation of a nuclear deal with Iran that will op
Published 12 Jan, 2016 12:00am
North Korea holding US citizen for allegedly spying

North Korea holding US citizen for allegedly spying

A Canadian pastor serving a life sentence in North Korea for subversion said he spends eight hours a day digging holes at a labour camp, while a naturalised American citizen said he is being held by the state for spying, CNN reported from Pyongyang. If co
Published 12 Jan, 2016 12:00am
Putin says he wants global cooperation against terrorism

Putin says he wants global cooperation against terrorism

Russia wants to fight terrorism jointly with the rest of the world, President Vladimir Putin said in an interview published on Monday, while again accusing the West of exacerbating international crises that had contributed to it. "We are faced with common
Published 12 Jan, 2016 12:00am
Spain's Princess Cristina, husband on trial in landmark corruption case

Spain's Princess Cristina, husband on trial in landmark corruption case

Spain's Princess Cristina and her husband went on trial Monday under intense global media scrutiny in a landmark corruption case that has outraged the country and sullied the monarchy's reputation. Cristina, a 50-year-old mother-of-four with a master's de
Published 12 Jan, 2016 12:00am
Britain's draft Internet spying law threatens key rights: UN experts

Britain's draft Internet spying law threatens key rights: UN experts

Britain's proposed new Internet spying laws could threaten key rights if passed unchanged, UN rights experts said Monday, calling for a "comprehensive review" of the draft legislation. The proposed measures, which were unveiled in November, would allow se
Published 12 Jan, 2016 12:00am
Aid trucks enter starvation-hit Syria town
Exchange

Aid trucks enter starvation-hit Syria town

The first trucks carrying desperately needed aid entered the besieged Syrian town of Madaya on Monday, where more than two dozen people are reported to have starved to death. The Syrian Arab Red Crescent said two trucks loaded with food and blankets enter
Published 12 Jan, 2016 12:00am
Britain demands end to Syrian sieges

Britain demands end to Syrian sieges

Britain on Monday called for an end to all sieges in Syria as a UN aid convoy arrived in the rebel-held town of Madaya to deliver food to starving residents. President Bashar al-Assad's forces have been laying siege to Madaya, but the regime agreed last w
Published 12 Jan, 2016 12:00am
Burundi journalist wins French press prize

Burundi journalist wins French press prize

Burundi journalist Esdras Ndikumana, the AFP and Radio France Internationale correspondent who was forced to flee last year, was awarded the 2015 French diplomatic press prize on Monday for his work covering the troubled country. Ndikumana, 54, who sought
Published 12 Jan, 2016 12:00am
Belgium arrests top jihadi expert

Belgium arrests top jihadi expert

Belgian prosecutors said Monday they had arrested a high-profile expert on jihadi fighters for allegedly providing one suspected extremist with a false affidavit that he was on a deradicalisation course. Montasser AlDe'emeh runs a centre in Brussels' grit
Published 12 Jan, 2016 12:00am
6.1 quake hits off northern Japan

6.1 quake hits off northern Japan

A strong 6.1 magnitude earthquake struck off the northern Japanese island of Hokkaido early Tuesday, the US Geological Survey said. The quake hit off the west coast of the island, about 170 kilometres (106 miles) north of Sapporo, at a relatively deep 236
Published 12 Jan, 2016 12:00am
Beijing asserts right to flights to South China Sea

Beijing asserts right to flights to South China Sea

Beijing said Monday it did not need to notify Vietnam about flights to a disputed reef in the South China Sea, after Hanoi complained to a UN aviation body about the controversial trips. Vietnam accused Beijing of threatening regional safety by conducting
Published 12 Jan, 2016 12:00am
Guantanamo Bay detainee repatriated to Saudi Arabia

Guantanamo Bay detainee repatriated to Saudi Arabia

A Guantanamo Bay inmate has been repatriated to Saudi Arabia, the Pentagon announced Monday, bringing the remote military prison's remaining population down to 103. Muhammed Abd Al Rahman Awn Al-Shamrani had spent 14 years in Guantanamo, where he was held
Published 12 Jan, 2016 12:00am
Arlene Foster becomes Northern Ireland first minister

Arlene Foster becomes Northern Ireland first minister

Arlene Foster of the Democratic Unionist Party formally became Northern Ireland's first minister on Monday, taking over from the retiring Peter Robinson ahead of regional elections in May. Foster, 45, is the first woman and the youngest to hold the most s
Published 12 Jan, 2016 12:00am
12 killed as gunmen take hostages in Baghdad mall

12 killed as gunmen take hostages in Baghdad mall

Gunmen blew up a car bomb, sprayed gunfire in a crowded area and took hostages in a shopping mall in eastern Baghdad Monday, killing at least 12 people, police said. A hospital official confirmed the death toll and said at least 36 people were also wounde
Published 12 Jan, 2016 12:00am
Kerber survives 'extreme heat' test in Sydney
Kerb

Kerber survives 'extreme heat' test in Sydney

Germany's Angelique Kerber overcame the loss of the first set on a day of extreme heat in Sydney as she maintained her build-up to next week's Australian Open on Monday. The fourth seed, one of the few members of the women's world top 10 not to be hit by
Published 12 Jan, 2016 12:00am
Bouchard comeback gathers steam in Australia

Bouchard comeback gathers steam in Australia

Canada's Eugenie Bouchard swept into the second round of the Hobart International with a straight sets demolition of American Bethanie Mattek-Sands on Monday. The former world number 5 now ranked 47 took just 57 minutes to dispose of one-time tournament f
Published 12 Jan, 2016 12:00am
Naples, Maradona prepare as title talk hits fever pitch

Naples, Maradona prepare as title talk hits fever pitch

'Winter champion' pizzas are on the menu and Naples' favourite son, Diego Maradona, has promised to arrive by helicopter if Napoli fulfil their promise of winning the league title. But for coach Maurizio Sarri, who has steered Napoli to top spot at the ha
Published 12 Jan, 2016 12:00am
World T20 trophy unveiled in APS Peshawar

World T20 trophy unveiled in APS Peshawar

The unveiling ceremony of the ICC World Twenty20 trophy reached Peshawar home of domestic T20 champions for a two-day tour here Monday. The trophy was unveiled by Pakistan's One Day International captain Azhar Ali in a ceremony held at Army Public School
Published 12 Jan, 2016 12:00am
Trophy put on show in Lahore

Trophy put on show in Lahore

The International Cricket Council's World Twenty20 Trophy is to be put on display in Lahore on Tuesday (today) after its arrival at the Gymkhana Cricket Ground. The trophy will stay at Gymkhana for a photo opportunity and then move to the Kinnaird College
Published 12 Jan, 2016 12:00am
Australia new boys Paris, Boland to face India

Australia new boys Paris, Boland to face India

Australian pacemen Joel Paris and Scott Boland will make their international debuts but Shaun Marsh will miss out when the one-day series opener against India starts in Perth on Tuesday. Western Australia's Paris and Victoria's Boland get their chance fol
Published 12 Jan, 2016 12:00am
Benzema 'scared' Valbuena over sex-tape blackmail

Benzema 'scared' Valbuena over sex-tape blackmail

Mathieu Valbuena said that France teammate Karim Benzema "lied" and "scared" him over a sex-tape blackmail bid, according to testimony published Monday. The account given by the Lyon midfielder, reported by Le Monde newspaper, highlighted tensions even th
Published 12 Jan, 2016 12:00am
Steyn ruled out of third Test

Steyn ruled out of third Test

South African fast bowler Dale Steyn was on Monday ruled out of playing in the third Test against England, starting at the Wanderers Stadium on Thursday. Coach Russell Domingo said Steyn had been advised to take another week's rest after suffering a shoul
Published 12 Jan, 2016 12:00am
Palmers Golf Championship resumes

Palmers Golf Championship resumes

a team and individual competition of the Palmers Golf Championship resumed at the Royal Palm Golf Course on Monday, with two-member teams competing against each other. During the contest, the total points at stake were 28 made up of two points for each wi
Published 12 Jan, 2016 12:00am
Sri Lankan rupee steady
Currency

Sri Lankan rupee steady

The Sri Lankan rupee ended steady on Monday as dollar sales by a private bank helped maintain the local currency in a dull market amid lower importer dollar demand, dealers said. The rupee closed steady at 143.75/85 per dollar. It hit a record low of 144.
Published 12 Jan, 2016 12:00am
Fragile sterling recovers against dollar

Fragile sterling recovers against dollar

Sterling climbed from a 5-1/2-year-low against the dollar on Monday, taking a breather from a brutal sell-off that has seen it emerge as one of the worst performing major currencies in the New Year as investors pushed back chances of a rate hike. Uncertai
Published 12 Jan, 2016 12:00am
Rouble edges further down
Currency

Rouble edges further down

The Russian rouble edged further down on Monday as oil prices touched a new 12-year low, but there was little sign of the panic among investors seen a year ago when the currency nose-dived. Russia has been hit hard by a collapse in crude prices that began
Published 12 Jan, 2016 12:00am
Asian forex: won hits 5-1/2 years low
Exchange

Asian forex: won hits 5-1/2 years low

Most emerging Asian currencies extended losses on Monday despite China's stronger guidance on the yuan as the outlook for the renminbi remained weak amid uncertainties over Beijing's exchange rate policy on a slowing economy. The yuan rose after the Peopl
Published 12 Jan, 2016 12:00am
Rand hits record low

Rand hits record low

The South African rand hit new record lows against the dollar on Monday, reflecting the country's growing economic crisis as commodity prices fall, growth slows and investors lose confidence. China's slowdown badly impacted African mining exporters in 201
Published 12 Jan, 2016 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 78.50-78.50 (previous 78.50-78.50). 04.00-04.75 percent. (Previous 02.00-04.50 percent).
Published 12 Jan, 2016 12:00am
Yuan turns sharply higher, yen eases in Europe
Exchange

Yuan turns sharply higher, yen eases in Europe

China's yuan turned sharply higher on foreign exchange markets on Monday, heading for its biggest daily gain in four months against the dollar in offshore trade after reports of another round of aggressive intervention by Beijing. With Chinese stocks sink
Published 12 Jan, 2016 12:00am
Copper sinks to lowest since 2009, losses reflect China gloom
Exchange

Copper sinks to lowest since 2009, losses reflect China gloom

Copper prices plummeted on Monday to their lowest in 6-1/2 years as large losses on Chinese equity markets reinforced tarnished prospects for growth and demand in the world's biggest consumer of industrial metals. Benchmark copper on the London Metal Exch
Published 12 Jan, 2016 12:00am
Shanghai copper slips
Exchange

Shanghai copper slips

Shanghai Futures Exchange copper slid by 2.6 percent to 34,770 yuan ($5,281) a tonne on Monday, to the weakest in a month. Renewed selling on China's share markets fuelled persistent concerns over China's economic health and tarnished prospects for metals
Published 12 Jan, 2016 12:00am
Thai government promises help for rubber farmers hit by falling prices

Thai government promises help for rubber farmers hit by falling prices

Thailand's prime minister on Monday promised help for farmers in the world's top rubber producer and exporter, amid threats by the farmers to protest if their demands for a guaranteed selling price demands are not met. Prices have plummeted to a seven-yea
Published 12 Jan, 2016 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Spot basis bids for hard red winter wheat were mostly flat at flour mills and elevators across the southern US Plains on Friday, grain dealers said. Dealers at an elevator in Goodland, Kansas, said they bought some wheat from farmers Thursday afternoon an
Published 12 Jan, 2016 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 225,327 tonnes of cargo comprising 192,453 tonnes of import cargo and 32,874 tonnes of export cargo including 8,071 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 192
Published 12 Jan, 2016 12:00am
Argentine corn sowing booms on optimism over new government
Exchange

Argentine corn sowing booms on optimism over new government

A late-season corn planting flurry in No 4 world exporter Argentina could push output to the same level as the previous crop year, thanks to the policies of the new government, the director of the local maize industry chamber said on Friday.
Published 12 Jan, 2016 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Friday, lifted by strength in US grains, but finished with their biggest weekly loss in seven weeks. Investors covered short positions in US crops ahead of Tuesday's US Department of Agriculture report, and the strength
Published 12 Jan, 2016 12:00am
Strong Harmattan winds damage Ivorian cocoa crop

Strong Harmattan winds damage Ivorian cocoa crop

Three straight days of strong, dry Harmattan winds last week in most of Ivory Coast's cocoa growing regions have damaged flowers and small pods, raising concerns about both the main and the mid-crop, farmers said on Monday. The Harmattan is a dusty wind t
Published 12 Jan, 2016 12:00am
Daily trading report of PMEX
Exchange

Daily trading report of PMEX

On Friday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,907 million. The number of lots traded was 27.86 million. PMEX Commodity Index closed at 2,528. Major business was contributed by gold amounting to PKR 5,245 million followed by cru
Published 12 Jan, 2016 12:00am
Falling trend seen on grain market
Cotton

Falling trend seen on grain market

A declining trend persisted on the wholesale grain market on Monday in the process of modest trading, dealer said. On the cereals side, Guwar Sindh lost Rs 100 to Rs 3600 and Rs 3700 due to easy supply position, Gur also shed the same amount to Rs 5800 an
Published 12 Jan, 2016 12:00am
CBOT wheat futures climb

CBOT wheat futures climb

Wheat futures on the Chicago Board of Trade closed higher on Friday for a fourth straight session, rallying on technical buying after contract lows set this week. K.C. hard red winter and MGEX spring wheat futures also ended higher. Stabilizing global equ
Published 12 Jan, 2016 12:00am
Indian soyabean falls
Exchange

Indian soyabean falls

Indian soyabean futures edged lower on Friday due to weak demand and profit-taking, while rapeseed rose on short covering. The January soyabean contract on the National Commodity & Derivatives Exchange ended down 0.27 percent at 3,630 rupees ($54.46) per
Published 12 Jan, 2016 12:00am
US Midwest corn and soya bids flat

US Midwest corn and soya bids flat

Spot basis bids for corn and soyabeans were mostly unchanged at elevators and processors around the US Midwest on Friday, grain dealers said. Dealers said there was very little farmer selling even though futures were up. Farmers in the eastern part Iowa a
Published 12 Jan, 2016 12:00am
Cotton market: wait-and-see attitude adopted by mills, spinners
Cotton

Cotton market: wait-and-see attitude adopted by mills, spinners

A subdued business was seen on the cotton market on Monday as wait-and-see mode adopted by the mills and spinners on lack of buying interest, dealers said. The official spot rate was unchanged at Rs 5,350, dealers said. In Sindh, seed cotton prices were a
Published 12 Jan, 2016 12:00am
US FOB Gulf soya offers mostly steady

US FOB Gulf soya offers mostly steady

Export premiums for soyabeans shipped from the US Gulf Coast were mostly steady on Friday, capped by light demand but underpinned by slow arrival of supplies via barge amid flooding on the Mississippi River, traders said.
Published 12 Jan, 2016 12:00am
US natural gas futures jump to 12-week high on colder forecasts
Exchange

US natural gas futures jump to 12-week high on colder forecasts

US natural gas futures climbed to a 12-week high after closing up almost 4 percent on Friday on midday forecasts calling for colder weather that is expected to boost heating demand over the next two weeks. Front-month gas futures on the New York Mercantil
Published 12 Jan, 2016 12:00am
Russian wheat prices down along with rouble

Russian wheat prices down along with rouble

Russian wheat prices fell at the end of last week compared with the end of December due to lower global prices and renewed weakening of the rouble, Russian agricultural consultancy IKAR said on Monday. The Russian rouble continued to fall against the doll
Published 12 Jan, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (January 11, 2016).

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

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (January 11, 2016).
Published 12 Jan, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 12 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 12 Jan, 2016 12:00am
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