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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-04-28
S&P strips ExxonMobil of triple-A rating for first time

S&P strips ExxonMobil of triple-A rating for first time

Standard & Poor''s stripped ExxonMobil of its triple A rating Tuesday, saying the oil giant''s rising debt and weaker earnings outlook meant it no longer qualified for the highest designation. The one-notch move, the latest ripple effect on the oil indust
Published 28 Apr, 2016 12:00am
Fiat Chrysler net profits revenue up but debt builds
Currency

Fiat Chrysler net profits revenue up but debt builds

Fiat Chrysler Automobiles (FCA) Tuesday beat analysts' forecasts with significantly higher first-quarter net profits driven by sales in North America but the Italian-US automaker's debt pile also rose. The results were FCA's first as a single, unified glo
Published 28 Apr, 2016 12:00am
Fiat Chrysler net profits revenue up but debt builds
Currency

Fiat Chrysler net profits revenue up but debt builds

Fiat Chrysler Automobiles (FCA) Tuesday beat analysts' forecasts with significantly higher first-quarter net profits driven by sales in North America but the Italian-US automaker's debt pile also rose. The results were FCA's first as a single, unified glo
Published 28 Apr, 2016 12:00am
South Korea vows to restructure ailing shippers, shipbuilders

South Korea vows to restructure ailing shippers, shipbuilders

South Korea vowed Tuesday to restructure the country's once formidable shipbuilding and shipping sectors, now crippled by mismanagement, slowing global demand and competition from Chinese rivals. Shipbuilders, including Hyundai Heavy Industries and Daewoo
Published 28 Apr, 2016 12:00am
Thomson Reuters first-quarter profit beats estimates
Currency

Thomson Reuters first-quarter profit beats estimates

Thomson Reuters Corp on Tuesday reported higher-than-expected quarterly earnings on improved results in its main business of providing news and analytics to financial companies. Sales in the Financial & Risk division, which accounted for about half of the
Published 28 Apr, 2016 12:00am
Thomson Reuters first-quarter profit beats estimates
Currency

Thomson Reuters first-quarter profit beats estimates

Thomson Reuters Corp on Tuesday reported higher-than-expected quarterly earnings on improved results in its main business of providing news and analytics to financial companies. Sales in the Financial & Risk division, which accounted for about half of the
Published 28 Apr, 2016 12:00am
Employment agency Randstad to expand outplacement business

Employment agency Randstad to expand outplacement business

Randstad, the world's second-largest staffing agency, is looking for acquisitions and hopes to insulate itself from economic downturns by expanding services for companies that need to lay off staff. The market for so-called outplacement services to help b
Published 28 Apr, 2016 12:00am
Ford will invest $1.6 billion in two US factories

Ford will invest $1.6 billion in two US factories

Ford Motor Co will invest $1.6 billion in two US factories to start making a new automatic transmission and expand output of certain commercial trucks, the company said on Tuesday. Ford said the moves would support a total of 650 jobs but would not say ho
Published 28 Apr, 2016 12:00am
Mitsubishi Motors says cheated on mileage tests for 25 years

Mitsubishi Motors says cheated on mileage tests for 25 years

Japanese car maker Mitsubishi Motors Corp said on Tuesday it used fuel economy testing methods that did not comply with Japanese regulations for 25 years, much longer than previously known. It said aggressive internal targets may have put pressure on empl
Published 28 Apr, 2016 12:00am
Bangladesh tea prices rise

Bangladesh tea prices rise

Tea prices in Bangladesh rose at the first auction of the new season on Tuesday due to the availability of fresh and good quality leaf despite a large volume on offer, brokers said. Bangladeshi tea fetched an average of 196.86 taka ($2.51) per kg at the a
Published 28 Apr, 2016 12:00am
Lean business on grain market
Cotton

Lean business on grain market

Small business activity was seen on the wholesale grain market on Wednesday in the process of trading, dealers said. On the cereals side, wheat bardan gained Rs 50 to Rs 3010, other items were unmoved due to balanced demand and supply, they said. On the s
Published 28 Apr, 2016 12:00am
Oil cake market rates
Cotton

Oil cake market rates

Both the futures were lower on the forward cottonseeds oilcake market on Wednesday in the process of trading, dealers said. The May vaida closed at Rs 2046.80 and it dropped 10 paisas at Rs 2040.70, dealers said. The July vaida closed at Rs 2049.10 and it
Published 28 Apr, 2016 12:00am
Cotton market: rates drift lower on quality factor
Cotton

Cotton market: rates drift lower on quality factor

Prices of cotton came down on the cotton market on Wednesday due to quality factor, dealers said. The official spot rate was lower by Rs 50 to Rs 5600, they said. In the Punjab, seed-cotton prices were at Rs 3100 and Rs 3200, they said. In ready session,
Published 28 Apr, 2016 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 107,812 tonnes of cargo comprising 90,613 tonnes of import cargo and 17,199 tonnes of export cargo including 4,869 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 9
Published 28 Apr, 2016 12:00am
US natural gas futures down nearly 4 percent
Exchange

US natural gas futures down nearly 4 percent

US natural gas futures fell nearly 4 percent on Monday, retreating from two-month highs earlier in the day, on forecasts for slightly warmer-than-usual weather. Front-month natural gas futures on the New York Mercantile Exchange settled down 7.7 cents, or
Published 28 Apr, 2016 12:00am
Ukraine 2016-17 grain exports to fall 9.5 percent

Ukraine 2016-17 grain exports to fall 9.5 percent

Ukraine's grain exports in the 2016/17 July-June season are likely to fall by 9.5 percent to 32.4 million tonnes due to a smaller harvest and a decrease in feed usage, analyst UkrAgroConsult said on Tuesday. Ukraine is likely to harvest 54.9 million tonne
Published 28 Apr, 2016 12:00am
US FOB Gulf corn offers mostly steady

US FOB Gulf corn offers mostly steady

Corn export premiums for shipments from the US Gulf Coast were steady on Tuesday as the export pipeline was well supplied following recent waves of farmer sales and moderate demand, traders said. Brazil has given grain trading companies an initial quota o
Published 28 Apr, 2016 12:00am
EU wheat prices bounce, following rise in Chicago

EU wheat prices bounce, following rise in Chicago

European wheat prices bounced on Monday following a rise on US markets where the grain was supported by short-covering after posting sharp losses on Friday. May milling wheat on Paris-based Euronext was 2.00 euros or 1.3 percent higher by 1535 GMT at 152.
Published 28 Apr, 2016 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Hard red winter wheat cash basis bids in the southern US Plains held steady on Tuesday with farmers tracking wheat ratings while overlooking a slight bump in futures prices, merchandisers said. US winter wheat was rated 59 percent good-to-excellent, up 2
Published 28 Apr, 2016 12:00am
Daily trading report of PMEX
Exchange

Daily trading report of PMEX

On Tuesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 6,231 million and the number of lots traded was 30.30 million. PMEX Commodity Index closed at 2,834. Major business was contributed by gold amounting to PKR 5,536 million followed by
Published 28 Apr, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 28 Apr, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 28 Apr, 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 28 Apr, 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 28 Apr, 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 Wednesday (April 27, 2016).

Published 28 Apr, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (April 27, 2016).

Published 28 Apr, 2016 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (April 27, 2016).
Published 28 Apr, 2016 12:00am
The Weather

The Weather

The weather report on Wednesday (April 27, 2016) and the forecast for Thursday (April 28, 2016).

Published 28 Apr, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (April 27, 2016).

Published 28 Apr, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (April 27, 2016).

Published 28 Apr, 2016 12:00am
Work on Corridor: Pakistan, China express satisfaction
Exchange

Work on Corridor: Pakistan, China express satisfaction

Adviser to Prime Minister on Foreign Affairs Sartaj Aziz and his Chinese counterpart Wang Yi met in Beijing on Wednesday and expressed satisfaction over the pace of projects being implemented under the China-Pakistan Economic Corridor (CPEC). Sartaj Aziz
Published 28 Apr, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (April 27, 2016).

Published 28 Apr, 2016 12:00am
Work on Corridor: Pakistan, China express satisfaction
Exchange

Work on Corridor: Pakistan, China express satisfaction

Adviser to Prime Minister on Foreign Affairs Sartaj Aziz and his Chinese counterpart Wang Yi met in Beijing on Wednesday and expressed satisfaction over the pace of projects being implemented under the China-Pakistan Economic Corridor (CPEC). Sartaj Aziz
Published 28 Apr, 2016 12:00am
Work on Corridor: Pakistan, China express satisfaction
Exchange

Work on Corridor: Pakistan, China express satisfaction

Adviser to Prime Minister on Foreign Affairs Sartaj Aziz and his Chinese counterpart Wang Yi met in Beijing on Wednesday and expressed satisfaction over the pace of projects being implemented under the China-Pakistan Economic Corridor (CPEC). Sartaj Aziz
Published 28 Apr, 2016 12:00am
Index hits five-month high
Cotton

Index hits five-month high

Bulls dominated the share market Wednesday with the KSE-100 index surging 1.25 percent because of what analysts said investors' optimism for strong corporate earnings. The benchmark index rose by 422 points to close at five-month high of 34,269 points com
Published 28 Apr, 2016 12:00am
Index hits five-month high
Cotton

Index hits five-month high

Bulls dominated the share market Wednesday with the KSE-100 index surging 1.25 percent because of what analysts said investors' optimism for strong corporate earnings. The benchmark index rose by 422 points to close at five-month high of 34,269 points com
Published 28 Apr, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (April 27, 2016).

Published 28 Apr, 2016 12:00am
BRIndex30 raises 220.6 points

BRIndex30 raises 220.6 points

On Wednesday, BRIndex30 opened at 21,286.22 points and remained positive throughout the trading session. It touched an intraday high of 21,565.37 points and an intraday low of 21,287.72 points and closed at 21,506.82 points which was 220.6 points or 1.04
Published 28 Apr, 2016 12:00am
BRIndex30 raises 220.6 points

BRIndex30 raises 220.6 points

On Wednesday, BRIndex30 opened at 21,286.22 points and remained positive throughout the trading session. It touched an intraday high of 21,565.37 points and an intraday low of 21,287.72 points and closed at 21,506.82 points which was 220.6 points or 1.04
Published 28 Apr, 2016 12:00am
Index hits five-month high
Cotton

Index hits five-month high

Bulls dominated the share market Wednesday with the KSE-100 index surging 1.25 percent because of what analysts said investors'' optimism for strong corporate earnings. The benchmark index rose by 422 points to close at five-month high of 34,269 points co
Published 28 Apr, 2016 12:00am
Trump advances lead: Clinton all but secures White House nomination

Trump advances lead: Clinton all but secures White House nomination

Hillary Clinton and Donald Trump were a giant step closer to their parties' presidential nominations Wednesday after crushing their respective Democratic and Republican rivals in a string of presidential primaries. Clinton has now virtually cleared the wa
Published 28 Apr, 2016 12:00am
Trump advances lead: Clinton all but secures White House nomination

Trump advances lead: Clinton all but secures White House nomination

Hillary Clinton and Donald Trump were a giant step closer to their parties' presidential nominations Wednesday after crushing their respective Democratic and Republican rivals in a string of presidential primaries. Clinton has now virtually cleared the wa
Published 28 Apr, 2016 12:00am
Growth target to be missed: budget paper approved by Cabinet
Cotton

Growth target to be missed: budget paper approved by Cabinet

The Federal Cabinet has approved the budget strategy paper for the next fiscal year with Finance Minister acknowledging that the country would miss the budgeted GDP growth target of 5.5 per cent for the current fiscal year due to a massive decline in cott
Published 28 Apr, 2016 12:00am
Growth target to be missed: budget paper approved by Cabinet
Cotton

Growth target to be missed: budget paper approved by Cabinet

The Federal Cabinet has approved the budget strategy paper for the next fiscal year with Finance Minister acknowledging that the country would miss the budgeted GDP growth target of 5.5 per cent for the current fiscal year due to a massive decline in cott
Published 28 Apr, 2016 12:00am
1992 law major obstacle: Senate body given a reality check
Exchange

1992 law major obstacle: Senate body given a reality check

Senate Standing Committee on Finance on Wednesday observed that it would be extremely difficult to prove wrongdoings in the presence of Protection of Economic Reform Act 1992 and the absence of required laws to seek official records from foreign countries
Published 28 Apr, 2016 12:00am
Growth target to be missed: budget paper approved by Cabinet
Cotton

Growth target to be missed: budget paper approved by Cabinet

The Federal Cabinet has approved the budget strategy paper for the next fiscal year with Finance Minister acknowledging that the country would miss the budgeted GDP growth target of 5.5 per cent for the current fiscal year due to a massive decline in cott
Published 28 Apr, 2016 12:00am
1992 law major obstacle: Senate body given a reality check
Exchange

1992 law major obstacle: Senate body given a reality check

Senate Standing Committee on Finance on Wednesday observed that it would be extremely difficult to prove wrongdoings in the presence of Protection of Economic Reform Act 1992 and the absence of required laws to seek official records from foreign countries
Published 28 Apr, 2016 12:00am
1992 law major obstacle: Senate body given a reality check
Exchange

1992 law major obstacle: Senate body given a reality check

Senate Standing Committee on Finance on Wednesday observed that it would be extremely difficult to prove wrongdoings in the presence of Protection of Economic Reform Act 1992 and the absence of required laws to seek official records from foreign countries
Published 28 Apr, 2016 12:00am
1992 law major obstacle: Senate body given a reality check
Exchange

1992 law major obstacle: Senate body given a reality check

Senate Standing Committee on Finance on Wednesday observed that it would be extremely difficult to prove wrongdoings in the presence of Protection of Economic Reform Act 1992 and the absence of required laws to seek official records from foreign countries
Published 28 Apr, 2016 12:00am
Panama Leaks: there is no room for discussion: Shahbaz

Panama Leaks: there is no room for discussion: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that Prime Minister has announced a commission for investigation into Panama Leaks and clearly said that if his name is included, he will apologise and go home. After announcement of Prime Minister, there is n
Published 28 Apr, 2016 12:00am
Clerics for 'Islamisation' of economy
Currency

Clerics for 'Islamisation' of economy

Chairman Council of Islamic Ideology (CII) Maulana Muhammad Khan Sherani on Wednesday stressed for extraneous efforts to check concentration of wealth in a few hands and ensure equitable distribution of resources. Talking to reporters after conclusion of
Published 28 Apr, 2016 12:00am
Clerics for 'Islamisation' of economy
Currency

Clerics for 'Islamisation' of economy

Chairman Council of Islamic Ideology (CII) Maulana Muhammad Khan Sherani on Wednesday stressed for extraneous efforts to check concentration of wealth in a few hands and ensure equitable distribution of resources. Talking to reporters after conclusion of
Published 28 Apr, 2016 12:00am
Prime Minister doesn't operate any offshore companies: ICIJ

Prime Minister doesn't operate any offshore companies: ICIJ

International Consortium of Investigative Journalists (ICIJ) on Wednesday admitted that Prime Minister Nawaz Sharif's name was erroneously added to the Panama Papers. ICIJ has removed the Prime Minister's name from the Panama Papers and has further clarif
Published 28 Apr, 2016 12:00am
Prime Minister doesn't operate any offshore companies: ICIJ

Prime Minister doesn't operate any offshore companies: ICIJ

International Consortium of Investigative Journalists (ICIJ) on Wednesday admitted that Prime Minister Nawaz Sharif's name was erroneously added to the Panama Papers. ICIJ has removed the Prime Minister's name from the Panama Papers and has further clarif
Published 28 Apr, 2016 12:00am
Aitzaz for pre-commission forensic audit
Exchange

Aitzaz for pre-commission forensic audit

Leader of Opposition in the Senate Chaudhry Aitzaz Ahsan said the first internal forensic audit should be conducted over the 'Panama leaks' before the constitution of Judicial Commission to start the accountability of the Prime Minister's family. A delega
Published 28 Apr, 2016 12:00am
OECD joins Brexit warnings as UK growth slows
Currency

OECD joins Brexit warnings as UK growth slows

The OECD on Wednesday became the latest global body to warn of the economic dangers of Britain leaving the European Union, as figures showed a slowdown in Britain's economic growth. The Organisation for Economic Cooperation and Development said Britons wo
Published 28 Apr, 2016 12:00am
OECD joins Brexit warnings as UK growth slows
Currency

OECD joins Brexit warnings as UK growth slows

The OECD on Wednesday became the latest global body to warn of the economic dangers of Britain leaving the European Union, as figures showed a slowdown in Britain's economic growth. The Organisation for Economic Cooperation and Development said Britons wo
Published 28 Apr, 2016 12:00am
Turkey Prime Minister says draft constitution will guarantee secularism

Turkey Prime Minister says draft constitution will guarantee secularism

Prime Minister Ahmet Davutoglu on Wednesday pledged that Turkey's draft constitution would guarantee secularism after calls for a religious charter sparked controversy in the predominantly Muslim country. "Secularism will feature in the new constitution w
Published 28 Apr, 2016 12:00am
Turkey Prime Minister says draft constitution will guarantee secularism

Turkey Prime Minister says draft constitution will guarantee secularism

Prime Minister Ahmet Davutoglu on Wednesday pledged that Turkey's draft constitution would guarantee secularism after calls for a religious charter sparked controversy in the predominantly Muslim country. "Secularism will feature in the new constitution w
Published 28 Apr, 2016 12:00am
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