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Nov 02, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-02-03
Chairman resigns

Chairman resigns

Naseer NS Jaffer, chairman of Pakistan International Airlines (PIA) has resigned from his post. He made this announcement in a talk show of a private channel, expressing grief over the killing of three employees. Meanwhile, sources said that he sent his r
Published 03 Feb, 2016 12:00am
Chairman resigns

Chairman resigns

Naseer NS Jaffer, chairman of Pakistan International Airlines (PIA) has resigned from his post. He made this announcement in a talk show of a private channel, expressing grief over the killing of three employees. Meanwhile, sources said that he sent his r
Published 03 Feb, 2016 12:00am
Chairman resigns

Chairman resigns

Naseer NS Jaffer, chairman of Pakistan International Airlines (PIA) has resigned from his post. He made this announcement in a talk show of a private channel, expressing grief over the killing of three employees. Meanwhile, sources said that he sent his r
Published 03 Feb, 2016 12:00am
''''Politics'''' behind PIA protest: Prime Minister

''''Politics'''' behind PIA protest: Prime Minister

Prime Minister Nawaz Sharif on Tuesday said the Essential Services Main-tenance Act was extended to the Pakistan International Airlines (PIA) to improve the performance of the national flag carrier. Talking to newsmen here, the Prime Minister said the str
Published 03 Feb, 2016 12:00am
''Politics'' behind PIA protest: Prime Minister

''Politics'' behind PIA protest: Prime Minister

Prime Minister Nawaz Sharif on Tuesday said the Essential Services Main-tenance Act was extended to the Pakistan International Airlines (PIA) to improve the performance of the national flag carrier. Talking to newsmen here, the Prime Minister said the str
Published 03 Feb, 2016 12:00am
'Politics' behind PIA protest: Prime Minister

'Politics' behind PIA protest: Prime Minister

Prime Minister Nawaz Sharif on Tuesday said the Essential Services Main-tenance Act was extended to the Pakistan International Airlines (PIA) to improve the performance of the national flag carrier. Talking to newsmen here, the Prime Minister said the str
Published 03 Feb, 2016 12:00am
'Politics' behind PIA protest: Prime Minister

'Politics' behind PIA protest: Prime Minister

Prime Minister Nawaz Sharif on Tuesday said the Essential Services Main-tenance Act was extended to the Pakistan International Airlines (PIA) to improve the performance of the national flag carrier. Talking to newsmen here, the Prime Minister said the str
Published 03 Feb, 2016 12:00am
Rouhani invites US firms to invest in changing Iranian economy
Exchange

Rouhani invites US firms to invest in changing Iranian economy

Iran has no problem with US companies investing in its economy and creating joint ventures, President Hassan Rouhani said on Tuesday, and he called for foreign investment and diversification away from oil. The president said the lifting of sanctions last
Published 03 Feb, 2016 12:00am
Airblue directed to operate special flights

Airblue directed to operate special flights

Pakistan Civil Aviation Authority (PCAA) in order to provide relief to the passengers during PIA employees' protest has directed private airline Airblue to operate special flights for Karachi, Lahore & Islamabad. According to PCAA spokesman, the directive
Published 03 Feb, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Tuesday (February 02, 2016).

Published 03 Feb, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Tuesday (February 02, 2016).

Published 03 Feb, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Tuesday (February 02, 2016).

Published 03 Feb, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (February 02, 2016).

Published 03 Feb, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (February 02, 2016).

Published 03 Feb, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (February 02, 2016).

Published 03 Feb, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (February 02, 2016).

Published 03 Feb, 2016 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (February 02, 2016).
Published 03 Feb, 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 Tuesday (February 02, 2016).

Published 03 Feb, 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 03 Feb, 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 03 Feb, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 03 Feb, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 03 Feb, 2016 12:00am
Daily trading report of PMEX
Exchange

Daily trading report of PMEX

On Monday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 3,482 million. The number of lots traded was 18.75 million. PMEX Commodity Index closed at 2,581. Major business was contributed by gold amounting to PKR 2,857 million followed by cru
Published 03 Feb, 2016 12:00am
CBOT wheat futures fall on ample world supplies

CBOT wheat futures fall on ample world supplies

Wheat futures on the Chicago Board of Trade fell on Monday, retreating from a short-covering rally last week as traders' focus returned to bearish fundamentals, including ample world wheat supplies and poor export demand. Also, storms developing in the US
Published 03 Feb, 2016 12:00am
Karachi Port's activities

Karachi Port's activities

The Karachi Port handled 98,262 tonnes of cargo comprising 66,525 tonnes of import cargo and 31,737 tonnes of export cargo including 3,704 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 66,5
Published 03 Feb, 2016 12:00am
US FOB Gulf soyabean premiums steady

US FOB Gulf soyabean premiums steady

Export premiums for soyabeans shipped from the US Gulf Coast held about steady on Monday, anchored by seasonally slowing demand and adequate US supplies, while corn premiums were unchanged, traders said. Top soyabean importer China is turning its focus to
Published 03 Feb, 2016 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell on Monday to a more than two-month low in the most-active March contract, pressured by technical selling. Stronger Canadian dollar and softer soy markets seen adding to weakness. Funds have started a net short position, an
Published 03 Feb, 2016 12:00am
US natural gas futures fall over six percent on warmer weather
Exchange

US natural gas futures fall over six percent on warmer weather

US natural gas futures fell over 6 percent to the lowest level in almost two weeks on Monday on forecasts for warmer weather through the middle of February that should reduce heating demand. After ending up over 5 percent on Friday, front-month gas future
Published 03 Feb, 2016 12:00am
EU wheat prices fall to new contract lows

EU wheat prices fall to new contract lows

European wheat prices fell to new contract lows on Monday after a move by Egypt's state grain buyer to reject a cargo of French wheat because it did not comply with new import rules, raising concerns about future sales to the world's top grain buyer. Fron
Published 03 Feb, 2016 12:00am
Cotton market: activity gains momentum as demand rises
Cotton

Cotton market: activity gains momentum as demand rises

An improvement was evident in business activity on the cotton market on Tuesday in the process of trading, dealers said. The official spot rate was unchanged at Rs 5,400, dealers said. In Sindh, prices of seed cotton were at Rs 2000 and Rs 3000, in the Pu
Published 03 Feb, 2016 12:00am
US Midwest corn and soya bids steady to firm

US Midwest corn and soya bids steady to firm

Spot basis bids for corn and soyabeans were steady to firm at processors and elevators around the US Midwest on Monday, grain dealers said. Dealers said there was not much activity coming from farmers as prices were too low to encourage them to sell any g
Published 03 Feb, 2016 12:00am
Lean business on grain market
Cotton

Lean business on grain market

A few changes were seen on the wholesale grain market on Tuesday as a result of less interest in fresh buying by leading buyers, dealers said. On the seeds side, cottonseeds oilcake with bag Sindh new low type was higher by Rs 25 to Rs 2000 and best varie
Published 03 Feb, 2016 12:00am
UBS wealth management outflows take shine off profit jump

UBS wealth management outflows take shine off profit jump

A surprise outflow of funds and weakening margins at UBS''s flagship wealth management business overshadowed the Swiss bank''s best annual results since 2010 and a higher than expected dividend payout. The bank''s shares fell nearly 9 percent on Tuesday t
Published 03 Feb, 2016 12:00am
UBS wealth management outflows take shine off profit jump

UBS wealth management outflows take shine off profit jump

A surprise outflow of funds and weakening margins at UBS's flagship wealth management business overshadowed the Swiss bank's best annual results since 2010 and a higher than expected dividend payout. The bank's shares fell nearly 9 percent on Tuesday to t
Published 03 Feb, 2016 12:00am
UBS wealth management outflows take shine off profit jump

UBS wealth management outflows take shine off profit jump

A surprise outflow of funds and weakening margins at UBS's flagship wealth management business overshadowed the Swiss bank's best annual results since 2010 and a higher than expected dividend payout. The bank's shares fell nearly 9 percent on Tuesday to t
Published 03 Feb, 2016 12:00am
Puerto Rico proposes lenders take $22.7 billion haircut
Exchange

Puerto Rico proposes lenders take $22.7 billion haircut

Puerto Rico proposed Monday that its creditors slash its debt by $22.7 billion to enable the US territory to strengthen its finances and turn around its economy. Just ahead of negotiations with bondholders, the struggling Caribbean island proposed that ho
Published 03 Feb, 2016 12:00am
Ryanair says Q3 profits more than double

Ryanair says Q3 profits more than double

Irish no-frills airline Ryanair said Monday that third-quarter net profit more than doubled on surging passenger numbers, and unveiled an 800-million-euro ($866-million) share buyback programme. Earnings after taxation rocketed 110 percent to 103 million
Published 03 Feb, 2016 12:00am
Ryanair says Q3 profits more than double

Ryanair says Q3 profits more than double

Irish no-frills airline Ryanair said Monday that third-quarter net profit more than doubled on surging passenger numbers, and unveiled an 800-million-euro ($866-million) share buyback programme. Earnings after taxation rocketed 110 percent to 103 million
Published 03 Feb, 2016 12:00am
Dow Chemical to cut more jobs ahead of DuPont merger

Dow Chemical to cut more jobs ahead of DuPont merger

Dow Chemical Co said it would cut 500 more jobs as it speeds up cost reductions, ahead of its merger with DuPont, to counter the impact of a strong dollar and weak demand for agrichemicals and seeds. Shares of the company, which reported a better-than-exp
Published 03 Feb, 2016 12:00am
Exxon's profit tumbles 58 percent, slashes capex by one-quarter

Exxon's profit tumbles 58 percent, slashes capex by one-quarter

Exxon Mobil Corp on Tuesday reported its smallest quarterly profit in more than a decade and said it will cut 2016 spending by one-quarter and suspend share repurchases as it copes with a prolonged downturn in crude prices. Shares of Exxon, the world's la
Published 03 Feb, 2016 12:00am
Exxon's profit tumbles 58 percent, slashes capex by one-quarter

Exxon's profit tumbles 58 percent, slashes capex by one-quarter

Exxon Mobil Corp on Tuesday reported its smallest quarterly profit in more than a decade and said it will cut 2016 spending by one-quarter and suspend share repurchases as it copes with a prolonged downturn in crude prices. Shares of Exxon, the world's la
Published 03 Feb, 2016 12:00am
US small business borrowing sinks

US small business borrowing sinks

US small business borrowing fell in December from a year earlier, data released Monday showed, a fresh sign that economic growth may weaken in the coming months. The Thomson Reuters/PayNet Small Business Lending Index registered 132.4 in December, up from
Published 03 Feb, 2016 12:00am
UPS profit jumps on better margins, gives robust outlook

UPS profit jumps on better margins, gives robust outlook

United Parcel Service Inc on Tuesday reported a significantly higher quarterly net profit on a strong performance during the crucial holiday season and gave a solid 2016 earnings outlook despite warning of uncertain economic conditions. The company's shar
Published 03 Feb, 2016 12:00am
UPS profit jumps on better margins, gives robust outlook

UPS profit jumps on better margins, gives robust outlook

United Parcel Service Inc on Tuesday reported a significantly higher quarterly net profit on a strong performance during the crucial holiday season and gave a solid 2016 earnings outlook despite warning of uncertain economic conditions. The company's shar
Published 03 Feb, 2016 12:00am
Pfizer earnings fall on strong dollar, higher expenses

Pfizer earnings fall on strong dollar, higher expenses

Pfizer reported a large drop in fourth-quarter earnings due to higher expenses and the strong dollar, but said it was on track to complete its take-over of Allergan. Earnings for the quarter ending December 31 were $613 million, a 50 percent drop compared
Published 03 Feb, 2016 12:00am
Pfizer earnings fall on strong dollar, higher expenses

Pfizer earnings fall on strong dollar, higher expenses

Pfizer reported a large drop in fourth-quarter earnings due to higher expenses and the strong dollar, but said it was on track to complete its take-over of Allergan. Earnings for the quarter ending December 31 were $613 million, a 50 percent drop compared
Published 03 Feb, 2016 12:00am
Alphabet vaults past Apple as most valuable firm

Alphabet vaults past Apple as most valuable firm

Google-parent Alphabet snatched Apple's crown late Monday as the world's most valuable firm based on the value of shares that leapt with better-than-expected earnings. At the official close of trade, Alphabet was worth $530.1 billion based on its share va
Published 03 Feb, 2016 12:00am
India's central bank holds interest rates at 6.75 percent

India's central bank holds interest rates at 6.75 percent

India's central bank kept interest rates on hold Tuesday, citing the importance of controlling inflation and noting a slowing growth momentum in Asia's third-largest economy. The Reserve Bank of India (RBI) said the benchmark repo rate, the level at which
Published 03 Feb, 2016 12:00am
Eurozone unemployment falls to four-year low in December

Eurozone unemployment falls to four-year low in December

Eurozone unemployment fell to its lowest level in more than four years in December, official data showed Tuesday, beating forecasts from analysts worried about the global economic outlook. The Eurostat statistics agency said unemployment in the 19-nation
Published 03 Feb, 2016 12:00am
German unemployment hits new low, despite refugee influx

German unemployment hits new low, despite refugee influx

German unemployment fell to a new historic low in January, despite a massive influx of refugees, as the recovery in Europe's biggest economy remains on track, data showed on Tuesday. The unemployment rate - which measures the jobless total against the wor
Published 03 Feb, 2016 12:00am
China cuts downpayments on some home purchases

China cuts downpayments on some home purchases

China will cut the minimum downpayment for some home purchases by five percentage points, the central bank said Tuesday, as it attempts to kick-start a sluggish housing market that is both cause and effect of a broader growth slowdown. The People's Bank o
Published 03 Feb, 2016 12:00am
Saudi fiscal reserves slide to four-year low

Saudi fiscal reserves slide to four-year low

Saudi Arabia's fiscal reserves dropped to a four-year low last year as the government sought to finance a budget deficit caused by plunging oil revenues, a report said Tuesday. The reserves of the world's largest crude exporter dropped to $611.9 billion a
Published 03 Feb, 2016 12:00am
Russia's oil output hits record ahead of possible Opec talks

Russia's oil output hits record ahead of possible Opec talks

Russia in January pumped a record amount of crude oil, the Russian energy ministry said Tuesday, as Moscow pushes for oil-producing states to co-ordinate production. Russian oil companies produced 46 million tonnes of crude oil and condensate last month,
Published 03 Feb, 2016 12:00am
BP reports biggest ever annual loss

BP reports biggest ever annual loss

BP slumped to its biggest annual loss last year and announced thousands more job cuts on Tuesday, showing that even one of the nimblest oil producers is struggling in the worst market downturn in over a decade. The British oil and gas company, which is st
Published 03 Feb, 2016 12:00am
BP reports biggest ever annual loss

BP reports biggest ever annual loss

BP slumped to its biggest annual loss last year and announced thousands more job cuts on Tuesday, showing that even one of the nimblest oil producers is struggling in the worst market downturn in over a decade. The British oil and gas company, which is st
Published 03 Feb, 2016 12:00am
TalkTalk lost more than 100,000 customers after cyber attack

TalkTalk lost more than 100,000 customers after cyber attack

A cyber attack on Britain's TalkTalk Telecom Group in October cost the company as much as 80 million pounds ($115 million) but fewer customers than feared opted to end their subscriptions. Chief Executive Dido Harding went on television and radio in the d
Published 03 Feb, 2016 12:00am
Cuba open for business, ministers tell French executives

Cuba open for business, ministers tell French executives

Cuba sought to drum up foreign investment on Tuesday as ministers on a state visit to Paris promised French business leaders that the Communist-run country is open for business. Cuba saw growth reach 4 percent last year as the centrally-planned economy gr
Published 03 Feb, 2016 12:00am
Oil pulls down most of Gulf markets

Oil pulls down most of Gulf markets

A pullback in oil prices caused weakness in most major Gulf stock markets on Tuesday but Qatar was boosted by its biggest bank, while real estate firms lifted Egypt's bourse. Brent crude retreated more than 3 percent to below $33 a barrel on Tuesday as ho
Published 03 Feb, 2016 12:00am
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