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Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-01-22
Terrorists choosing soft targets: Prime Minister

Terrorists choosing soft targets: Prime Minister

Prime Minister Muhammad Nawaz Sharif Thursday said his government has successfully addressed the challenges of terrorism, energy shortages and economic revival and Pakistan today is fast heading towards a promising and prosperous future. He was giving a t
Published 22 Jan, 2016 12:00am
Terrorists choosing soft targets: Prime Minister

Terrorists choosing soft targets: Prime Minister

Prime Minister Muhammad Nawaz Sharif Thursday said his government has successfully addressed the challenges of terrorism, energy shortages and economic revival and Pakistan today is fast heading towards a promising and prosperous future. He was giving a t
Published 22 Jan, 2016 12:00am
Biden, Nawaz, Ghani discuss peace in Afghanistan

Biden, Nawaz, Ghani discuss peace in Afghanistan

Prime Minister Muhammad Nawaz Sharif here Thursday held a trilateral meeting with US Vice President Joe Biden and Afghan President Ashraf Ghani and discussed efforts for peace and reconciliation in Afghanistan. The meeting on the sidelines of the 46th Wor
Published 22 Jan, 2016 12:00am
Biden, Nawaz, Ghani discuss peace in Afghanistan

Biden, Nawaz, Ghani discuss peace in Afghanistan

Prime Minister Muhammad Nawaz Sharif here Thursday held a trilateral meeting with US Vice President Joe Biden and Afghan President Ashraf Ghani and discussed efforts for peace and reconciliation in Afghanistan. The meeting on the sidelines of the 46th Wor
Published 22 Jan, 2016 12:00am
Massacre victims mourned

Massacre victims mourned

Country observed a day of national mourning Thursday for the 21 people killed when heavily-armed gunmen stormed a university in the troubled north-west, exposing the failings in a national crackdown on extremism. Armed police, some perched on the roofs of
Published 22 Jan, 2016 12:00am
Massacre victims mourned

Massacre victims mourned

Country observed a day of national mourning Thursday for the 21 people killed when heavily-armed gunmen stormed a university in the troubled north-west, exposing the failings in a national crackdown on extremism. Armed police, some perched on the roofs of
Published 22 Jan, 2016 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 Jan, 2016 12:00am
CoAS speaks to Ghani, others

CoAS speaks to Ghani, others

Chief of Army Staff General Raheel Sharif on Thursday telephoned Afghanistan President Ashraf Ghani and shared with him intelligence information of terror attack on Bacha Khan University in Charsadda. According to the Army Spokesman Lieutenant General Asi
Published 22 Jan, 2016 12:00am
Aussie, kiwi bounce off lows

Aussie, kiwi bounce off lows

The Australian and New Zealand dollars reclaimed some ground on Thursday after a late rebound on Wall Street and oil markets brightened the bearish mood. Yet, their outlook remained shaky given ongoing extreme volatility in global markets, falling commodi
Published 22 Jan, 2016 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 78.50-78.50 (previous 78.50-78.50). 02.00-04.50 percent (* Previous 02.00-04.50 percent). (* revised).
Published 22 Jan, 2016 12:00am
Sterling hits seven-year low against dollar
Currency

Sterling hits seven-year low against dollar

Sterling slid to a seven-year low against the dollar on Thursday and struggled against the euro as a brutal sell-off that started a month ago accelerated amid diminishing prospects of a near-term interest rate hike in Britain. The euro fell sharply agains
Published 22 Jan, 2016 12:00am
Yuan barely moved
Currency

Yuan barely moved

China's yuan barely moved against the dollar on Thursday, holding largely steady in the week as efforts by authorities to quell speculation of a sharp depreciation appeared to pay off for now. Still, the forward markets showed lingering expectations among
Published 22 Jan, 2016 12:00am
Most emerging Asian currencies rise
Currency

Most emerging Asian currencies rise

Most emerging Asian currencies rose on Thursday as rebounds in battered oil prices improved risk appetite, while a lack of conviction on a long-term crude recovery amid worries about a slowing global economy limited gains in regional units. Hong Kong's do
Published 22 Jan, 2016 12:00am
Sri Lankan rupee down
Currency

Sri Lankan rupee down

The Sri Lankan rupee ended slightly weaker on Thursday due to importer dollar demand, while selling of the US currency by a private bank prevented a sharp fall, dealers said. The private bank might have sold dollars on behalf of the central bank, some dea
Published 22 Jan, 2016 12:00am
Dollar slides against yen in New York
Currency

Dollar slides against yen in New York

The dollar fell to a more than one-year low against the Japanese yen on Wednesday as crude oil prices dropped near a 13-year trough, the US stock market tumbled, and risk appetite waned. The US currency recovered slightly in afternoon trading, but remaine
Published 22 Jan, 2016 12:00am
Expectations of measured ECB message underpin euro in Europe
Currency

Expectations of measured ECB message underpin euro in Europe

Expectations of a steady-as-she-goes message from the European Central Bank in the face of financial market turbulence kept the euro strong against the dollar before the bank's post-statement news conference on Thursday. With European stock markets recove
Published 22 Jan, 2016 12:00am
Dollar rises against yen in Asia
Currency

Dollar rises against yen in Asia

The dollar came off a one-year low against the yen on Thursday as crude oil prices bounced, while the euro awaited a policy decision from the European Central Bank for near-term cues. The dollar was up 0.4 percent at 117.41 yen by midday. It descended to
Published 22 Jan, 2016 12:00am
Russian ruble drops to new record lows against dollar
Currency

Russian ruble drops to new record lows against dollar

Russia's ruble on Thursday resumed its slide to new record lows against the dollar, tumbling over 3 percent in early trading beyond 84 to the greenback on tumbling oil prices. The ruble - which has already been battered over the past 18 months by low ener
Published 22 Jan, 2016 12:00am
FTSE rebounds from three-year low, with Draghi's help

FTSE rebounds from three-year low, with Draghi's help

Britain's top share index bounced from its lowest in more than three years on Thursday, after the head of the European Central Bank implied further monetary stimulus was coming. The gains extended after oil prices rebounded to set off a rally on Wall Stre
Published 22 Jan, 2016 12:00am
Southeast Asian stocks fall on oil woes
Exchange

Southeast Asian stocks fall on oil woes

Southeast Asian stocks fell on Thursday as a drop in oil prices towards 12-year lows unnerved investors, taking losses in the Philippines to the worst in almost two weeks while Malaysia hit a more-than-four-month low ahead of a rate decision. The Philippi
Published 22 Jan, 2016 12:00am
Australian shares rise

Australian shares rise

Australian shares ended up 0.5 percent on Thursday as investors piled into battered stocks following recent steep falls, though sentiment remained shaky with many regional markets turning lower. The S&P/ASX 200 index rose by 22.47 points to 4864 points at
Published 22 Jan, 2016 12:00am
European shares rise helped by Draghi; Italy banks rally

European shares rise helped by Draghi; Italy banks rally

European shares rose on Thursday after slumping in the previous session, as a hint of more stimulus from ECB head Mario Draghi helped reassure investors following a turbulent start to the year. Turmoil in financial markets and concerns over China and othe
Published 22 Jan, 2016 12:00am
China stocks three percent down
Currency

China stocks three percent down

China stocks ended Thursday down around 3 percent after a volatile session, as relief over stabilising currency markets and the central bank's liquidity injection was offset by a tumble in US and European markets. The CSI300 index of the largest listed co
Published 22 Jan, 2016 12:00am
Indian stocks post 20-month low

Indian stocks post 20-month low

Indian stocks closed at their lowest level in 20 months on Thursday due to risk aversion as crude oil resumed its slide and put pressure on Asian markets. The benchmark BSE index ended 0.41 percent lower at 23,962.21, its lowest close since May 15, 2014.
Published 22 Jan, 2016 12:00am
Tokyo shares down 2.43 percent
Currency

Tokyo shares down 2.43 percent

Tokyo shares tumbled 2.43 percent on Thursday, following a dive in regional equities as falling oil prices and worries over weak global growth hammered markets. Stocks and commodities have gotten off to a terrible start in 2016, reflecting the increasingl
Published 22 Jan, 2016 12:00am
Bond prices jump

Bond prices jump

US Treasuries prices rose on Wednesday, with 30-year yields hitting their lowest levels in five months, as a deepening rout in global stock and oil markets stoked a fresh wave of purchases of low-risk government debt. The bond market rally, however, coole
Published 22 Jan, 2016 12:00am
Bond prices jump

Bond prices jump

US Treasuries prices rose on Wednesday, with 30-year yields hitting their lowest levels in five months, as a deepening rout in global stock and oil markets stoked a fresh wave of purchases of low-risk government debt. The bond market rally, however, coole
Published 22 Jan, 2016 12:00am
Hong Kong shares down
Exchange

Hong Kong shares down

Hong Kong shares finished lower on Thursday after an afternoon sell-off in mainland China markets. The Hang Seng index fell 1.8 percent to 18,542.15 points, while the China Enterprises Index lost 2.2 percent to 7,835.64 points. Total trading volume of com
Published 22 Jan, 2016 12:00am
Wall Street tumbles to 2014 low as oil prices sink
Exchange

Wall Street tumbles to 2014 low as oil prices sink

Wall Street's recent selloff deepened on Wednesday, with the S&P 500 closing at its lowest in over a year as US oil prices plummeted to 2003 lows. The equities rout was widespread, hitting nine of the 10 major S&P sectors. The small-cap Russell's 2000 ind
Published 22 Jan, 2016 12:00am
Sri Lankan shares recover

Sri Lankan shares recover

Sri Lankan shares rose more than 1.4 percent on Thursday led by heavyweight stocks, recovering some ground from its lowest close in more than 20 months in the previous session. On Thursday the 14-day relative strength index rose to 24.173, still in overso
Published 22 Jan, 2016 12:00am
Oil, global markets weigh on ME bourses
Exchange

Oil, global markets weigh on ME bourses

Most Middle Eastern bourses fell on Thursday as investors remained worried by the chronic weakness of oil prices and declines in international bourses, but Saudi Arabia's stock index edged up on the back of petrochemical shares. A petchems rally in the fi
Published 22 Jan, 2016 12:00am
Tunisian police and rioters clash in more job protests

Tunisian police and rioters clash in more job protests

Tunisian police firing tear gas clashed on Thursday with hundreds of protesters who set fire to a police post and tried to storm local government buildings in several towns during a third day of rioting over jobs, residents said. At least one policeman ha
Published 22 Jan, 2016 12:00am
Foxconn offers $5.3 billion for Sharp, plans to keep management

Foxconn offers $5.3 billion for Sharp, plans to keep management

Taiwan's Hon Hai Precision Industry Co has offered 625 billion yen ($5.3 billion) to buy Sharp Corp and has no plans to replace top management, a gesture aimed at reassuring Japanese authorities worried about an overseas take-over, the Wall Street Journal
Published 22 Jan, 2016 12:00am
Bank of England steps up scrutiny of book-keeping at banks

Bank of England steps up scrutiny of book-keeping at banks

Accountants who audit Britain's banks must from November file annual statements to regulators to flag up any problems, the Bank of England said on Thursday. The spotlight was turned on auditors after the financial crisis, having given a clean bill of heal
Published 22 Jan, 2016 12:00am
Deutsche Bank record loss keeps pressure on CEO

Deutsche Bank record loss keeps pressure on CEO

Deutsche Bank's shares fell nearly 10 percent on Thursday after warning it would report a record loss for 2015, highlighting the scale of the problems facing new Chief Executive John Cryan as he restructures Germany's biggest bank. The bank said late on W
Published 22 Jan, 2016 12:00am
Citigroup cuts global economic growth forecasts

Citigroup cuts global economic growth forecasts

US investment bank Citigroup cut its growth forecasts for the world economy on Thursday, and said that risks of a global recession were increasing. Citi cut its forecasts for global economic growth for 2016 to 2.7 percent from 2.8 percent, citing pressure
Published 22 Jan, 2016 12:00am
Brazil holds rates

Brazil holds rates

Brazil's central bank kept interest rates on hold on Wednesday as it bet the worst recession in decades would temper double-digit inflation, but the surprise move fuelled concern over political interference in policy. In a split vote, the bank's 8-member
Published 22 Jan, 2016 12:00am
Rise in US jobless claims spurs labour market worries

Rise in US jobless claims spurs labour market worries

The number of Americans filing for unemployment benefits rose to a six-month high last week, suggesting some loss of momentum in the labour market amid a sharp economic slowdown and major stock market selloff. Another report on Thursday showed factory act
Published 22 Jan, 2016 12:00am
Barclays to slash about 1,000 investment bank jobs world-wide

Barclays to slash about 1,000 investment bank jobs world-wide

Barclays will cut about 1,000 jobs in investment banking world-wide and close its cash equities business in Asia as new Chief Executive Jes Staley wields the axe in a bid to reduce costs and boost returns. The harsher-than-expected cuts are among the most
Published 22 Jan, 2016 12:00am
Record 58.3 million tourists visited New York in 2015

Record 58.3 million tourists visited New York in 2015

A record 58.3 million tourists visited New York in 2015, up 1.8 million on the previous year, and registering a 14 percent increase in Chinese visitors, officials said Thursday. It is the sixth year running that America's financial and entertainment capit
Published 22 Jan, 2016 12:00am
Emerging economies lack tools to fight capital flight: Chile
Currency

Emerging economies lack tools to fight capital flight: Chile

Developing countries must adjust quickly to deal with the "new reality" of prolonged economic slowdown, Chile's finance minister Rodrigo Valdes said on Thursday. Valdes told Reuters at the World Economic Forum in Davos that emerging markets lacked the cre
Published 22 Jan, 2016 12:00am
Emerging economies lack tools to fight capital flight: Chile
Currency

Emerging economies lack tools to fight capital flight: Chile

Developing countries must adjust quickly to deal with the "new reality" of prolonged economic slowdown, Chile's finance minister Rodrigo Valdes said on Thursday. Valdes told Reuters at the World Economic Forum in Davos that emerging markets lacked the cre
Published 22 Jan, 2016 12:00am
Malaysia holds benchmark rate, but cuts reserve ratio
Currency

Malaysia holds benchmark rate, but cuts reserve ratio

Malaysia's central bank kept its key interest rate unchanged at 3.25 percent on Thursday as expected, shunning a cut that might lift sagging growth but could put more pressure on the weak currency. However, Bank Negara Malaysia (BNM) unexpectedly did act
Published 22 Jan, 2016 12:00am
Saudi's Kingdom Holding Q4 profit slumps 86 percent

Saudi's Kingdom Holding Q4 profit slumps 86 percent

Kingdom Holding, the investment firm owned by Saudi billionaire Prince Alwaleed bin Talal, reported a 85.8 percent slump in fourth-quarter net profit on Thursday, weighed by lower income and higher provisioning. Net profit fell to 37.91 million riyals ($1
Published 22 Jan, 2016 12:00am
Saudi's Kingdom Holding Q4 profit slumps 86 percent

Saudi's Kingdom Holding Q4 profit slumps 86 percent

Kingdom Holding, the investment firm owned by Saudi billionaire Prince Alwaleed bin Talal, reported a 85.8 percent slump in fourth-quarter net profit on Thursday, weighed by lower income and higher provisioning. Net profit fell to 37.91 million riyals ($1
Published 22 Jan, 2016 12:00am
BoJ likely to cut coming fiscal year's CPI forecast below one percent

BoJ likely to cut coming fiscal year's CPI forecast below one percent

The Bank of Japan is likely to cut its core consumer inflation forecast for the coming fiscal year to possibly below 1 percent at a policy review next week, say three sources familiar with its thinking. A lower forecast to reflect a fresh slide in oil pri
Published 22 Jan, 2016 12:00am
BoJ likely to cut coming fiscal year's CPI forecast below one percent

BoJ likely to cut coming fiscal year's CPI forecast below one percent

The Bank of Japan is likely to cut its core consumer inflation forecast for the coming fiscal year to possibly below 1 percent at a policy review next week, say three sources familiar with its thinking. A lower forecast to reflect a fresh slide in oil pri
Published 22 Jan, 2016 12:00am
Indonesia plans to open up more to tourism investment

Indonesia plans to open up more to tourism investment

Indonesia plans to let foreign investors take bigger stakes in the tourism sector, government officials said on Wednesday, to increase investment and attract more visitors to the sprawling archipelago of tropical islands. Foreigners will be allowed full o
Published 22 Jan, 2016 12:00am
EU plans faster investment tax refunds from 2017

EU plans faster investment tax refunds from 2017

European Union countries will have to introduce rules from 2017 to speed up tax refunds on cross-border investments, part of a drive to improve the working of financial markets and lift economic growth, according to an EU document seen by Reuters. The exe
Published 22 Jan, 2016 12:00am
New Yorkers say city not doing enough to help homeless

New Yorkers say city not doing enough to help homeless

More than 70 percent of New Yorkers believe America's financial capital is not doing enough to help the homeless, an opinion poll revealed Wednesday. New York has more billionaires than any other city in the world and yet, according to US government figur
Published 22 Jan, 2016 12:00am
On China's Main Streets: a need to keep shoppers shopping

On China's Main Streets: a need to keep shoppers shopping

More potential bad news for the global economic outlook: Chinese shoppers, who largely propped up growth last year, are likely to trim spending this year; dining out less often, delaying smartphone upgrades and cutting out impulse buys. This will concern
Published 22 Jan, 2016 12:00am
US MIDDAY: corn extends winning streak

US MIDDAY: corn extends winning streak

US corn futures rose for the fourth straight day on Thursday, hitting their highest in nearly one month on strong demand from South Africa as well as short-covering, traders said. Wheat and soyabean futures also rose, bouncing back from declines on Wednes
Published 22 Jan, 2016 12:00am
Cameroon coffee production down 27 percent last year

Cameroon coffee production down 27 percent last year

Cameroon's coffee production dropped 27 percent last year as the number of coffee cuttings fell short, but exports rose, the National Cocoa and Coffee Board (NCCB) said on Wednesday. Production for the 2014-15 season dropped to 23,866 tonnes from 32,808 t
Published 22 Jan, 2016 12:00am
Gold dips in Europe

Gold dips in Europe

Gold fell on Thursday after posting its biggest one-day gain in two weeks the day before, as hints of further stimulus from the European Central Bank hurt the euro and a rebound in European equities curbed risk aversion. Turmoil in financial markets and c
Published 22 Jan, 2016 12:00am
Gold gains in Asia

Gold gains in Asia

Gold rose to a near 1-1/2-week high on Thursday, with its safe-haven appeal intact as equities and oil gave up early gains, while the US dollar came under pressure. Bullion has benefited from the risk-averse sentiment that has dragged equities and oil to
Published 22 Jan, 2016 12:00am
Gold rises in New York

Gold rises in New York

Gold rose 2 percent on Wednesday, benefiting as global equity markets fell to 2-1/2-year lows and oil prices continued their relentless slump to a 13-year low, leading other commodity markets broadly lower. However, slow physical demand from Asia kept the
Published 22 Jan, 2016 12:00am
Cocoa rebounds sharply
Exchange

Cocoa rebounds sharply

Cocoa futures on ICE rebounded sharply in heavy volume ahead of key data on Thursday, on short-covering and commercial buying after falling to multi-month lows, while sugar rallied more than 3 percent, erasing a steep drop in the prior session. Robusta co
Published 22 Jan, 2016 12:00am
Palm oil down
Vegetable Oil

Palm oil down

Malaysian palm oil futures stretched their losses into a second straight session on Thursday to hit a four-day low, tracking weak crude and competing vegetable oil prices. Palm oil prices have come under pressure in the absence of an expected pick-up in i
Published 22 Jan, 2016 12:00am
Soyabeans and wheat weaken

Soyabeans and wheat weaken

US soyabean futures dropped 1.1 percent on Wednesday as investors locked in profits a day after the market's rally to a four-week high, traders said. Wheat futures also fell, pressured by weak overseas demand for US supplies. But corn closed slightly high
Published 22 Jan, 2016 12:00am
Rubber slips
Exchange

Rubber slips

Benchmark Tokyo rubber futures inched down on Thursday, dragged down by a slide in Tokyo equities and the US dollar against the safe-haven yen as further sell-offs in crude oil futures hurt investors' risk appetite. The Tokyo Commodity Exchange rubber con
Published 22 Jan, 2016 12:00am
Copper jumps as Draghi hints at easing
Exchange

Copper jumps as Draghi hints at easing

Copper and other base metals rebounded on Thursday after the head of the European Central Bank raised hopes of more monetary stimulus, prompting investors to buy back bearish positions. Oil prices and global stocks bounced after ECB President Mario Draghi
Published 22 Jan, 2016 12:00am
Shanghai copper down
Exchange

Shanghai copper down

Shanghai Futures Exchange copper ended down 1 percent at 34850 yuan ($5,297) a tonne on Thursday as oil prices renewed a downslide on oversupply and traders kept a sharp eye on China's stock market for clues on its economic health. "Copper rallied after t
Published 22 Jan, 2016 12:00am
Cotton retreats from two-week high amid commodities selling spree
Cotton

Cotton retreats from two-week high amid commodities selling spree

Cotton futures fell on Wednesday, giving back about half of the previous day's gains during a broad-based commodities selloff led by crashing energy prices. "There's a lot of weakness outside, especially in oil. It carried over to cotton," said Louis Rose
Published 22 Jan, 2016 12:00am
Stable condition on cotton market
Cotton

Stable condition on cotton market

Unlike the global situation where cotton prices are barely steady, the domestic market in Pakistan remains quite steady due to a largely low crop output of about less than ten million bales (155 Kgs) against fifteen million bales projected at the beginnin
Published 22 Jan, 2016 12:00am
Stable condition on cotton market
Cotton

Stable condition on cotton market

Unlike the global situation where cotton prices are barely steady, the domestic market in Pakistan remains quite steady due to a largely low crop output of about less than ten million bales (155 Kgs) against fifteen million bales projected at the beginnin
Published 22 Jan, 2016 12:00am
Prices climb on cautious buying by mills
Cotton

Prices climb on cautious buying by mills

Rates climbed following the cautious buying by mills on the cotton market on Thursday, dealers said. The official spot rate held the overnight rate at Rs 5,400, dealers said. In Sindh, prices of seed cotton were at Rs 2000 and Rs 3000 and in the Punjab, r
Published 22 Jan, 2016 12:00am
Oil cake market rates
Cotton

Oil cake market rates

No changes were seen in the futures on the forward cottonseeds oilcake market on Thursday in the process of trading, dealers said. The January vaida closed at Rs 2151.00 and it commenced at the same rate in the morning session, they said. The March contra
Published 22 Jan, 2016 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 78,705 tonnes of cargo comprising 60,899 tonnes of import cargo and 17,806 tonnes of export cargo including 4,175 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 60,
Published 22 Jan, 2016 12:00am
US Midwest corn, soyabean bids steady

US Midwest corn, soyabean bids steady

Spot basis bids for corn and soyabeans were steady at processors and elevators around the US Midwest on Tuesday, as prices rallied sparking some farmer selling, grain dealers said. Dealers in Toledo, Ohio, said farmers were selling corn to take advantage
Published 22 Jan, 2016 12:00am
Asian naphtha crack up for first time in two weeks

Asian naphtha crack up for first time in two weeks

Asia's naphtha crack rebounded from a near three-month low on Tuesday, climbing for the first time in two weeks to $105.70 a tonne on stronger long-term demand and expectations of fewer western cargoes arriving in March. South Korea's YNCC and Taiwan's CP
Published 22 Jan, 2016 12:00am
All-round slide on grain market

All-round slide on grain market

All-round slide was marked on the wholesale grain market on Thursday in the process of trading, dealer said. On the cereals side, Masoor Canada low type was lower by Rs 200 to Rs 9600 and better quality was down by Rs 300 to Rs 9700, Masoor Dall Canada in
Published 22 Jan, 2016 12:00am
Canadian canola futures higher

Canadian canola futures higher

ICE Canadian canola futures rose on Tuesday, supported by exporter demand and strength in allied US soy markets, traders said. Most-active March canola closed below its session high, however, pressed by farmer selling in western sections of the Prairies,
Published 22 Jan, 2016 12:00am
Daily trading report of PMEX
Exchange

Daily trading report of PMEX

On Wednesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,264 million. The number of lots traded was 27.66 million. PMEX Commodity Index closed at 2,520. Major business was contributed by gold amounting to PKR 4,516 million followed by
Published 22 Jan, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 22 Jan, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 22 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 Thursday (January 21, 2016).

Published 22 Jan, 2016 12:00am
Sindh government unlikely to acquire PSM in absence of incentives

Sindh government unlikely to acquire PSM in absence of incentives

Sindh government is unlikely to acquire Pakistan Steel Mills (PSM) without substantial incentives necessary to revive the plant, well informed sources told Business Recorder. Privatisation Commission (PC) had given the deadline of January 21, 2016
Published 22 Jan, 2016 12:00am
Sindh government unlikely to acquire PSM in absence of incentives

Sindh government unlikely to acquire PSM in absence of incentives

Sindh government is unlikely to acquire Pakistan Steel Mills (PSM) without substantial incentives necessary to revive the plant, well informed sources told Business Recorder. Privatisation Commission (PC) had given the deadline of January 21, 2016
Published 22 Jan, 2016 12:00am
More time sought

More time sought

The stand-off between the federal government and the Sindh government is continuing as the provincial government has sought additional time to decide on the acquisition of Pakistan Steel Mills (PSM). January 21, the deadline given to Sindh by the federal
Published 22 Jan, 2016 12:00am
More time sought

More time sought

The stand-off between the federal government and the Sindh government is continuing as the provincial government has sought additional time to decide on the acquisition of Pakistan Steel Mills (PSM). January 21, the deadline given to Sindh by the federal
Published 22 Jan, 2016 12:00am
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