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Jan 31, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-03-16
Oilcake market rates
Cotton

Oilcake market rates

The March vaida was unchanged on the forward cottonseeds oilcake market on Tuesday in the process of trading, dealers said. The March Vaida closed at Rs 2051.60 and it commenced with no change at the same rate in the early hours, they said.
Published 16 Mar, 2016 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 110,718 tonnes of cargo comprising 73,373 tonnes of import cargo and 37,345 tonnes of export cargo including 6,857 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 73,
Published 16 Mar, 2016 12:00am
EU wheat futures rise

EU wheat futures rise

European benchmark wheat futures in Paris rose on Monday in light trade, supported by renewed strength in US markets, but large inventories in Europe again curbed gains. Benchmark May milling wheat on the Paris-based Euronext market unofficially closed up
Published 16 Mar, 2016 12:00am
US FOB Gulf corn offers steady to weak
Currency

US FOB Gulf corn offers steady to weak

Export premiums for corn shipped from the US Gulf Coast were steady to weak on Monday as CIF barge basis values eased under higher futures prices and moderate farmer sales, traders said. Regular US corn importers such as Japan continued to inquire about p
Published 16 Mar, 2016 12:00am
CBOT wheat futures higher

CBOT wheat futures higher

Wheat futures on the Chicago Board of Trade closed higher on Monday on technical buying and fund short-covering, along with worries about dry weather in the US Plains that buoyed the K.C. wheat market, traders said. Dry conditions are forecast to persist
Published 16 Mar, 2016 12:00am
Vietnamese coffee sales pick up on higher global prices

Vietnamese coffee sales pick up on higher global prices

Vietnam's domestic coffee sales have picked up on higher global prices due to concerns over dry weather, while exporters have not rushed to sell to foreign buyers, traders said on Tuesday. The dry season has entered its peak in Vietnam's Central Highlands
Published 16 Mar, 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 5,917 million. The number of lots traded was 17.22 million. PMEX Commodity Index closed at 2,687. Major business was contributed by gold amounting to PKR 5,144 million followed by cru
Published 16 Mar, 2016 12:00am
US MIDDAY: gold at lowest in almost two weeks
Exchange

US MIDDAY: gold at lowest in almost two weeks

Gold fell to its lowest in almost two weeks early on Tuesday ahead of a Federal Reserve statement that is expected to give clues on the pace of future US rate rises. Spot gold fell to $1,225.70 an ounce, its lowest since March 2, at one point and was down
Published 16 Mar, 2016 12:00am
US MIDDAY: wheat and soyabeans weaken

US MIDDAY: wheat and soyabeans weaken

US wheat futures fell on Tuesday on a mild profit-taking setback following the market's run-up to a 5-1/2-week high on Monday, traders said. Soyabean futures also fell, weighed down by dry weather in South America that will allow farmers to accelerate the
Published 16 Mar, 2016 12:00am
Gold tumbles in Europe
Exchange

Gold tumbles in Europe

Gold fell to its lowest in almost two weeks on Tuesday ahead of a Federal Reserve meeting that is expected to give clues on the pace of future US rate rises. Spot gold fell to $1,225.70 an ounce, its lowest since March 2, at one point and was down 0.3 per
Published 16 Mar, 2016 12:00am
Gold drops in Asia

Gold drops in Asia

Gold dropped for a third consecutive session on Tuesday to its lowest in almost two weeks, with investors focused on the upcoming US Federal Reserve policy meeting. A rise in global equity markets over the past few days has provided headwinds to the gold
Published 16 Mar, 2016 12:00am
Gold falls in New York
Currency

Gold falls in New York

Gold turned lower and fell below $1,240 an ounce on Monday, as stock markets and the dollar gained, and investors squared positions ahead of closely watched policy meetings of US and Japanese central banks this week. The weak move followed Friday's brief
Published 16 Mar, 2016 12:00am
Sugar off 2016 peak, coffee falls
Currency

Sugar off 2016 peak, coffee falls

Raw sugar futures on ICE fell on Tuesday from their highest level this year, pressured by technical resistance and top grower Brazil's weakened currency, while arabica coffee fell from a 2-1/2-month peak. London cocoa firmed, supported by a weak pound, wh
Published 16 Mar, 2016 12:00am
Palm oil up
Vegetable Oil

Palm oil up

Malaysian palm oil futures rose on Tuesday as expectations of lower production and a weaker ringgit underpinned prices, shrugging off an announcement of a 5 percent tax on crude palm oil (CPO) exports that could hurt demand.
Published 16 Mar, 2016 12:00am
Short-covering boosts corn; wheat rises
Currency

Short-covering boosts corn; wheat rises

US corn futures rose to a three-week high on Monday, their eighth day of gains over nine sessions, supported by a round of short covering, traders said. Chicago Board of Trade soft red winter wheat futures hit their highest since February 4 on concerns th
Published 16 Mar, 2016 12:00am
Rubber slides
Exchange

Rubber slides

Benchmark Tokyo rubber futures slid more than two percent to a near two-week low on Tuesday, giving up gains from the previous session, weighed down by lower oil prices and the yen's rise after the Bank of Japan kept monetary policy unchanged at its two-d
Published 16 Mar, 2016 12:00am
Oil ends down two percent on technical pressure, stockpiles worry

Oil ends down two percent on technical pressure, stockpiles worry

Oil settled 2 percent lower on Tuesday, extending losses for a second straight day, as the market yielded to technical resistance after running above $40 a barrel and worry that US crude stockpiles were rising despite falling production.
Published 16 Mar, 2016 12:00am
Copper steadies, focus on Fed decision and China demand
Exchange

Copper steadies, focus on Fed decision and China demand

Copper prices ended flat on Tuesday as a weaker dollar balanced persistent concerns over demand in top metals consumer China and uncertainty ahead of the US Federal Reserve's policy meeting. Benchmark copper on the London Metal Exchange ended 1 cent lower
Published 16 Mar, 2016 12:00am
Shanghai copper slips
Exchange

Shanghai copper slips

Shanghai Futures Exchange copper fell 1.4 percent to close at 37,250 yuan ($5,724.16) a tonne on Tuesday as the dollar maintained its strength ahead of a slew of central bank meetings this week, with the Federal Reserve expected to affirm that further US
Published 16 Mar, 2016 12:00am
Cotton rallies the most in over three months on short-covering
Cotton

Cotton rallies the most in over three months on short-covering

Cotton futures posted its biggest daily gain since early December on Monday, as technical strength triggered short-covering. Speculators had increased their net short position in cotton by 9,673 lots to 36,537 lots in the week ended March 8, as they lifte
Published 16 Mar, 2016 12:00am
The potential for investment growth
Exchange

The potential for investment growth

The Chief Economist of the State Bank of Pakistan (SBP), Dr Saeed Ahmed, while addressing a seminar titled "Taking economic recovery to the next level: Role of the private sector" at Pakistan Stock Exchange on Monday stated that "it has been noted that so
Published 16 Mar, 2016 12:00am
Orakzai coalmine disaster

Orakzai coalmine disaster

A coalmine in Doli area of the Orakzai tribal region was the scene of the tragic accident on Saturday evening. Eight coalminers were killed and 36 suffered injuries when a blast brought the place collapsing on them. One of the 10 critically injured died o
Published 16 Mar, 2016 12:00am
The Afghanistan opportunity

The Afghanistan opportunity

Most of our legitimate export and import activities are conducted via our southern outlet to the sea through Karachi and Bin Qasim ports. We do not do any significant foreign trading activity through any of the three land outlets - one opening to India, t
Published 16 Mar, 2016 12:00am
Is there an export policy for regional markets?
Exchange

Is there an export policy for regional markets?

Pakistan finds itself in a region where more than half the world's population resides. The region is also home to the world's second and tenth largest economies. If you change the measure to purchasing power parity you have a serious consumer base here. P
Published 16 Mar, 2016 12:00am
Sky high prices for Beijing low rises, with school rights

Sky high prices for Beijing low rises, with school rights

Down a ramshackle alleyway, with no running water or toilet, and filled with rubbish, lies a cramped, 13-square-metre room few wealthy Chinese would deign to occupy. It is for sale at nearly $600,000. The space has one particular feature that makes it a s
Published 16 Mar, 2016 12:00am
Operation in Fata and gains made so far

Operation in Fata and gains made so far

This is apropos "Operation in Fata: COAS underscores need for protecting, preserving gains" carried by Business Recorder yesterday. According to this news item, Chief of Army Staff General Raheel Sharif has said that as we move towards conclusion o
Published 16 Mar, 2016 12:00am
Jubilee Life Insurance Company Limited (PSX: JLICL)

Jubilee Life Insurance Company Limited (PSX: JLICL)

A long-running state monopoly in the life insurance space did not leave much incentive for private players to challenge the behemoth State Life after the government lifted the ban on private sector's participation in early 90s. To date, there are only
Published 16 Mar, 2016 12:00am
Jubilee Life Insurance Company Limited (PSX: JLICL)

Jubilee Life Insurance Company Limited (PSX: JLICL)

A long-running state monopoly in the life insurance space did not leave much incentive for private players to challenge the behemoth State Life after the government lifted the ban on private sector's participation in early 90s. To date, there are only
Published 16 Mar, 2016 12:00am
Mazhar Nawaz made DIG Traffic Karachi

Mazhar Nawaz made DIG Traffic Karachi

Deputy Inspector General of Police Mazhar Nawaz Shaikh on Tuesday assumed the charge as a new DIG of Karachi Traffic Police (Licensing and Training). Mazhar Nawaz has served on senior positions in Sindh Police as SSP in different districts of Sindh includ
Published 16 Mar, 2016 12:00am
Electricity shortage 1,800MW to be added to grid by end of year: Abid

Electricity shortage 1,800MW to be added to grid by end of year: Abid

Around 1,800 megawatts of electricity will be added to power system by the end of this year, Minister of State for Water and Power, Abid Sher Ali said on Tuesday. "The addition of nearly 1,700 to 1,800 megawatts electricity will reduce loadshedding across
Published 16 Mar, 2016 12:00am
Government yet to place LNG deal on website

Government yet to place LNG deal on website

The government has yet to place Pakistan Qatar Liquefied Natural Gas (LNG) agreement signed on February 10, 2016 on the website of either Public Procurement Regulatory Authority (PPRA) or Pakistan State Oil (PSO), which is a legal requirement. When the Fe
Published 16 Mar, 2016 12:00am
Message from Chairman, Government Affairs PAA Group Chairman, MCOM

Message from Chairman, Government Affairs PAA Group Chairman, MCOM

ADFEST 2016 has brought the finest admen from all major leagues of the region. On staging this enriching forum, I would like offer my best compliments to the organizers, patrons and sponsors of ADFEST. Pattaya proves to be more than a recreational destina
Published 16 Mar, 2016 12:00am
Message from Member PAA, CEO, MCP, Islamabad
Exchange

Message from Member PAA, CEO, MCP, Islamabad

ADFEST is a unique platform which not only celebrates creative brilliance but it also provides avenues for creative mind to keep exploring wonderland. It is a great opportunity to appreciate work of worldwide talent, get inspiration from it and build netw
Published 16 Mar, 2016 12:00am
Message from Managing Director, Synergy Group
Exchange

Message from Managing Director, Synergy Group

I would like to congratulate Business Recorder on the publication of this Special Supplement on ADFEST 2016, which is starting from March 16, 2016 at Pattaya, Thailand for four days with a theme 'Creative Intelligence'. Let me also commend your edi
Published 16 Mar, 2016 12:00am
Message from Secretary Pakistan Advertising Association

Message from Secretary Pakistan Advertising Association

Pakistan Advertising Association is working for the benefit of the advertising profession in general and for the member advertising agencies in particular. After prolonged efforts PAA is now well recognized in the government circles and has received due i
Published 16 Mar, 2016 12:00am
Stamps Adasia 89

Stamps Adasia 89

Advertising is a process by which economic information is disseminated to the people. This information is in the form of news regarding products and services that are available to the citizens.
Published 16 Mar, 2016 12:00am
Lahore - The host city of AdAsia 2019

Lahore - The host city of AdAsia 2019

Lahore is the capital city of the province of Punjab, the second largest metropolitan area in Pakistan and the 11th most populous city in the world. It is an important historical centre in South Asia. With a rich history dating back over a millennium, Lah
Published 16 Mar, 2016 12:00am
JURIES: INTRODUCING THIS YEAR'S PHENOMENAL NINE JURY PRESIDENTS

JURIES: INTRODUCING THIS YEAR'S PHENOMENAL NINE JURY PRESIDENTS

ADFEST would like to thank this year's Jury Presidents for taking on the immense task of presiding over nine jury panels at ADFEST 2016. It's a big responsibility... their expertise will be pivotal in deciding the winners of the 2016 Lotus Awards!
Published 16 Mar, 2016 12:00am
Congratulations to fabulous four 2016

Congratulations to fabulous four 2016

ADFEST is delighted to congratulate this year's 'Fabulous Four' directors, with three of these aspiring directors based in Tokyo, Japan, and another based in Dhaka, Bangladesh.
Published 16 Mar, 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 16 Mar, 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 16 Mar, 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 (March 15, 2016).

Published 16 Mar, 2016 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (March 15, 2016).
Published 16 Mar, 2016 12:00am
13 hardcore terrorists: COAS confirms death sentences

13 hardcore terrorists: COAS confirms death sentences

Chief of Army Staff (COAS) General Raheel Sharif confirmed death sentences awarded to another 13 hardcore terrorists, who were involved in committing heinous offences relating to terrorism, including killing of foreign tourists at Nanga Parbat, attack on
Published 16 Mar, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (March 15, 2016).

Published 16 Mar, 2016 12:00am
13 hardcore terrorists: COAS confirms death sentences

13 hardcore terrorists: COAS confirms death sentences

Chief of Army Staff (COAS) General Raheel Sharif confirmed death sentences awarded to another 13 hardcore terrorists, who were involved in committing heinous offences relating to terrorism, including killing of foreign tourists at Nanga Parbat, attack on
Published 16 Mar, 2016 12:00am
Millions vote in make-or-break test for White House hopefuls

Millions vote in make-or-break test for White House hopefuls

Americans in five states voted Tuesday in presidential primaries crucial to the White House hopes of frontrunners Donald Trump and Hillary Clinton but that have also showcased the deep-seated discontent of a downtrodden working class.
Published 16 Mar, 2016 12:00am
Millions vote in make-or-break test for White House hopefuls

Millions vote in make-or-break test for White House hopefuls

Americans in five states voted Tuesday in presidential primaries crucial to the White House hopes of frontrunners Donald Trump and Hillary Clinton but that have also showcased the deep-seated discontent of a downtrodden working class.
Published 16 Mar, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (March 15, 2016).

Published 16 Mar, 2016 12:00am
Historic vote gives Myanmar first civilian president in decades

Historic vote gives Myanmar first civilian president in decades

Myanmar got its first civilian president in decades on Tuesday after lawmakers elected a close aide of Aung San Suu Kyi, who is expected to hold the real reins of power in the formerly junta-run nation. Htin Kyaw, 69, hailed his elevation to the top post
Published 16 Mar, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (March 15, 2016).

Published 16 Mar, 2016 12:00am
Historic vote gives Myanmar first civilian president in decades

Historic vote gives Myanmar first civilian president in decades

Myanmar got its first civilian president in decades on Tuesday after lawmakers elected a close aide of Aung San Suu Kyi, who is expected to hold the real reins of power in the formerly junta-run nation. Htin Kyaw, 69, hailed his elevation to the top post
Published 16 Mar, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (March 15, 2016).

Published 16 Mar, 2016 12:00am
Equities lack triggers

Equities lack triggers

The volatile global crudes again reflected adversely on Pakistan equities on Tuesday when benchmark KSE-100 index shed 0.35 percent to close at 32,623. With index moving both ways to hit the intraday high and low of 32,769 and 32,585, trading volumes ende
Published 16 Mar, 2016 12:00am
Equities lack triggers

Equities lack triggers

The volatile global crudes again reflected adversely on Pakistan equities on Tuesday when benchmark KSE-100 index shed 0.35 percent to close at 32,623. With index moving both ways to hit the intraday high and low of 32,769 and 32,585, trading volumes ende
Published 16 Mar, 2016 12:00am
Equities lack triggers

Equities lack triggers

The volatile global crudes again reflected adversely on Pakistan equities on Tuesday when benchmark KSE-100 index shed 0.35 percent to close at 32,623. With index moving both ways to hit the intraday high and low of 32,769 and 32,585, trading volumes ende
Published 16 Mar, 2016 12:00am
BRIndex30 gains 86.17 points

BRIndex30 gains 86.17 points

On Tuesday, BRIndex30 opened at 20,340.86 points. It touched an intraday high of 20,561.46 points and an intraday low of 20,227.89 points and closed at 20,427.03 points which was 86.17 points or 0.42 percent higher than previous close. Total volume was 78
Published 16 Mar, 2016 12:00am
BRIndex30 gains 86.17 points

BRIndex30 gains 86.17 points

On Tuesday, BRIndex30 opened at 20,340.86 points. It touched an intraday high of 20,561.46 points and an intraday low of 20,227.89 points and closed at 20,427.03 points which was 86.17 points or 0.42 percent higher than previous close. Total volume was 78
Published 16 Mar, 2016 12:00am
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