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Print - 2016-04-29
Swedish economy charges ahead while neighbours stall
Exchange

Swedish economy charges ahead while neighbours stall

Sweden's economic boom will continue in 2016, allowing it to row three to four times faster than those of Scandinavian peers Denmark and Norway, a Reuters poll showed on Wednesday, with economists raising their Swedish forecast. Oil-producing Norway has b
Published 29 Apr, 2016 12:00am
Wipro profit drops

Wipro profit drops

Wipro Ltd, India's third-largest software services exporter, reported a larger-than-expected decline in fourth-quarter profit on weakness in its financial and healthcare services business and declining margins. The Bengaluru-based company has lagged large
Published 29 Apr, 2016 12:00am
Swatch sees 2016 sales growth above five percent
Exchange

Swatch sees 2016 sales growth above five percent

Swiss watchmaker Swatch Group forecast 2016 sales growth will be well over 5 percent in local currency after reporting 2015 net profit fell 21 percent to 1.12 billion Swiss francs ($1.10 billion), hit by foreign exchange losses. Net sales slipped 0.9 perc
Published 29 Apr, 2016 12:00am
Swatch sees 2016 sales growth above five percent
Exchange

Swatch sees 2016 sales growth above five percent

Swiss watchmaker Swatch Group forecast 2016 sales growth will be well over 5 percent in local currency after reporting 2015 net profit fell 21 percent to 1.12 billion Swiss francs ($1.10 billion), hit by foreign exchange losses. Net sales slipped 0.9 perc
Published 29 Apr, 2016 12:00am
Saudi food group Savola cuts dividend after Q1 profit fall
Exchange

Saudi food group Savola cuts dividend after Q1 profit fall

Saudi food producer Savola Group , the country's largest food products company, slashed its dividend after reporting a 80.3 percent fall in first-quarter net profits, missing analysts' forecasts. It is the latest Saudi retailer to report poor earnings for
Published 29 Apr, 2016 12:00am
Saudi food group Savola cuts dividend after Q1 profit fall
Exchange

Saudi food group Savola cuts dividend after Q1 profit fall

Saudi food producer Savola Group , the country's largest food products company, slashed its dividend after reporting a 80.3 percent fall in first-quarter net profits, missing analysts' forecasts. It is the latest Saudi retailer to report poor earnings for
Published 29 Apr, 2016 12:00am
Romania's biggest power producer to exit insolvency by May
Exchange

Romania's biggest power producer to exit insolvency by May

Romanian state-owned power producer Hidroelectrica expects to finally exit its insolvency process by next month, and aims to sell a minority stake in an initial public offering by November, its manager told Reuters on Sunday. Romania's largest and cheapes
Published 29 Apr, 2016 12:00am
Russia won't rush with structural reforms: Prime Minister

Russia won't rush with structural reforms: Prime Minister

Russia needs economic reforms but should not rush them through, Prime Minister Dmitry Medvedev said on Tuesday, balancing reassuring words for business with promises to ease the economic pain for ordinary people. Many economists and investors argue that R
Published 29 Apr, 2016 12:00am
Norwegian Air eyes more Boeing Dreamliners for new transatlantic flights

Norwegian Air eyes more Boeing Dreamliners for new transatlantic flights

Norwegian Air Shuttle will need to order more long-haul planes, with Boeing's Dreamliners the likeliest option, once its Irish subsidiary wins US approval to fly transatlantic routes, its CEO told Reuters on Monday. The US Department of Transportation sai
Published 29 Apr, 2016 12:00am
Taiwan March export orders fall again, but silver lining seen

Taiwan March export orders fall again, but silver lining seen

Taiwan's export orders fell for the 12th month in a row in March but growth in electronics and a slower pace of decline in key markets provided a ray of hope for the island's manufacturers. March export orders fell 4.7 percent from a year earlier, its nar
Published 29 Apr, 2016 12:00am
VMware results, forecast boosted by strong sales of newer software

VMware results, forecast boosted by strong sales of newer software

VMware Inc reported a better-than-expected rise in quarterly revenue, helped by strong sales of its newer virtualization software, and the company also said it would buy back $1.2 billion of its Class A stock this year. Strong acceptance of its newer offe
Published 29 Apr, 2016 12:00am
VMware results, forecast boosted by strong sales of newer software

VMware results, forecast boosted by strong sales of newer software

VMware Inc reported a better-than-expected rise in quarterly revenue, helped by strong sales of its newer virtualization software, and the company also said it would buy back $1.2 billion of its Class A stock this year. Strong acceptance of its newer offe
Published 29 Apr, 2016 12:00am
German government sees economy growing by 1.7 percent in 2016

German government sees economy growing by 1.7 percent in 2016

The German government is pencilling in economic growth of 1.7 percent for the current year and 1.5 percent next year, economy minister Sigmar Gabriel said on Wednesday. The forecast for 2016 growth of Germany's gross domestic product (GDP) is therefore un
Published 29 Apr, 2016 12:00am
Ukraine central bank gets tough with owners of private banks

Ukraine central bank gets tough with owners of private banks

Ukraine will closely track assets belonging to owners of banks to stop the offering of sweetheart loans to shareholders - a practice that helped bankrupt 40 percent of the banking sector, a deputy governor of the central bank said. So far the regulator ha
Published 29 Apr, 2016 12:00am
French households wary of Hollande's 'going better' claim

French households wary of Hollande's 'going better' claim

If France's latest consumer confidence figures are anything to go by, President Francois Hollande is failing to convince voters that the economy is turning the corner as decisively as the deeply unpopular leader says it is. A year away from a presidential
Published 29 Apr, 2016 12:00am
Fluxys drops out of bidding for stake in Greek gas grid operator

Fluxys drops out of bidding for stake in Greek gas grid operator

Belgium's Fluxys has dropped plans to acquire a stake in Greece's natural gas grid operator from Azerbaijan's state-owned energy company, the head of the Azeri company confirmed on Saturday. The Azeri company, SOCAR, agreed in 2013 to buy a 66 percent sta
Published 29 Apr, 2016 12:00am
Stronger China March industrial profits add to economic recovery hopes

Stronger China March industrial profits add to economic recovery hopes

Profits earned by Chinese industrial companies rose 11.1 percent in March from a year earlier, adding to signs that the country's economic slowdown may be bottoming out. Industrial profits rose to 561.24 billion yuan ($86.50 billion) in March, the Nationa
Published 29 Apr, 2016 12:00am
Time right for EBRD's first east European chief, says Belka

Time right for EBRD's first east European chief, says Belka

It is high time for an east European to run the European Bank for Reconstruction and Development (EBRD) after its 25 years of work in the ex-Soviet bloc, Polish central bank head and former prime minister Marek Belka said on Thursday. Belka hopes to repla
Published 29 Apr, 2016 12:00am
Zoomlion, bidding for Terex, says 2015 earnings hit 15-year low
Exchange

Zoomlion, bidding for Terex, says 2015 earnings hit 15-year low

China's Zoomlion Heavy Industry Science and Technology Co Ltd , which is bidding to buy US crane maker Terex Corp for about $3.4 billion, on Wednesday reported its lowest annual profit in 15 years. Net income dropped 85 percent to 89 million yuan ($13.74
Published 29 Apr, 2016 12:00am
Zoomlion, bidding for Terex, says 2015 earnings hit 15-year low
Exchange

Zoomlion, bidding for Terex, says 2015 earnings hit 15-year low

China's Zoomlion Heavy Industry Science and Technology Co Ltd , which is bidding to buy US crane maker Terex Corp for about $3.4 billion, on Wednesday reported its lowest annual profit in 15 years. Net income dropped 85 percent to 89 million yuan ($13.74
Published 29 Apr, 2016 12:00am
Ukraine nearly doubles consumer gas prices to secure IMF aid

Ukraine nearly doubles consumer gas prices to secure IMF aid

Urkaine's cash-strapped government on Wednesday nearly doubled average household gas tariffs in order to secure the release of billions of dollars in frozen IMF and other Western aid. The long-delayed step is likely to play poorly with people who have alr
Published 29 Apr, 2016 12:00am
Sweden clamps down on favourable sub debt tax treatment

Sweden clamps down on favourable sub debt tax treatment

Swedish banks are expected to fight government plans to clamp down on the favourable tax treatment of subordinated debt, which threaten to push up the cost of issuing and servicing regulatory capital. Finance minister Magdalena Andersson outlined proposal
Published 29 Apr, 2016 12:00am
Russia to sell part of diamond giant Alrosa
Exchange

Russia to sell part of diamond giant Alrosa

Russia will seek to sell off 10.9 percent of diamond exporter Alrosa as it presses its bid to prop up the ruble amid slumping oil prices, a report said Wednesday. The Russian government in December last year ordered state-controlled exporters to sell part
Published 29 Apr, 2016 12:00am
German experts develop new method for predicting India's monsoon
Cotton

German experts develop new method for predicting India's monsoon

Climate researchers in Germany said Wednesday they had found a way to more accurately predict the Indian monsoon, which could help maximise the subcontinent's food and hydro-power supplies. Improved forecasts of when the heavy summer rains start and end c
Published 29 Apr, 2016 12:00am
Argentina jobs recovery to start in August

Argentina jobs recovery to start in August

Argentina's economy should start adding jobs in August, as the country's return to global credit markets after a record 2002 default promises to boost foreign investment and public works, the labour minister said on Tuesday. "In the second half of the yea
Published 29 Apr, 2016 12:00am
Germany's Next Kraftwerke expands virtual power plant model
Exchange

Germany's Next Kraftwerke expands virtual power plant model

Next Kraftwerke, a German virtual power plant (VPP) operator, is reaping benefits from increasingly green electricity markets in Europe where it aggregates small producers and sells their output in lucrative "balancing" markets. The company's co-founder J
Published 29 Apr, 2016 12:00am
Creditors in China's Bohai Steel extend loan period in new revamp

Creditors in China's Bohai Steel extend loan period in new revamp

Creditors in China's Bohai Steel Group have agreed to extend the maturity of their loans and lower the interest rates under a second restructuring plan for the troubled steelmaker, according to financial magazine Caixin on Sunday. Bohai Steel, based in no
Published 29 Apr, 2016 12:00am
Detroit's Big Three report higher March sales in Canada

Detroit's Big Three report higher March sales in Canada

Detroit's Big Three automakers on Friday reported higher March and first-quarter auto sales in Canada, as forecasters expect Canadian demand this year for vehicles and trucks to exceed that of record-breaking 2015. General Motors Co and Ford Motor Co repo
Published 29 Apr, 2016 12:00am
Brexit-fearing banks make inquiries about move to Paris

Brexit-fearing banks make inquiries about move to Paris

Foreign banks are making inquiries about moving to France if Britain leaves the European Union, according financial industry group Paris Europlace, which is busy lobbying the French government for tax breaks to boost the attractiveness of Paris. Four year
Published 29 Apr, 2016 12:00am
Germans flock to property as interest rates fall and rents rise

Germans flock to property as interest rates fall and rents rise

Unlike his parents who rented their whole life, Berlin resident Sebastian lives in his own apartment and is considering buying a second property in the German capital as an investment to top up his pension one day. For decades a nation largely of tenants
Published 29 Apr, 2016 12:00am
Battered Ecuador faces huge economic toll after quake

Battered Ecuador faces huge economic toll after quake

Touring a city ravaged by the earthquake that killed 366 people, Ecuadorean President Rafael Correa on Monday contemplated a rebuilding costing billions of dollars and a potentially "huge" impact on the fragile Opec economy. But the traumatized survivors
Published 29 Apr, 2016 12:00am
Battered Ecuador faces huge economic toll after quake

Battered Ecuador faces huge economic toll after quake

Touring a city ravaged by the earthquake that killed 366 people, Ecuadorean President Rafael Correa on Monday contemplated a rebuilding costing billions of dollars and a potentially "huge" impact on the fragile Opec economy. But the traumatized survivors
Published 29 Apr, 2016 12:00am
India calls on developed world to tax coal for climate fund

India calls on developed world to tax coal for climate fund

Developed countries should raise taxes on coal production to help raise money for a $100 billion-a-year fund that is supposed to help poorer countries tackle climate change but are short of cash, India's environment minister said on Wednesday. An agreemen
Published 29 Apr, 2016 12:00am
US MIDDAY: gold climbs
Currency

US MIDDAY: gold climbs

Gold rose more than 1 percent on Thursday as the Bank of Japan held off from expanding monetary stimulus, boosting the yen versus the US dollar, and after the Federal Reserve signalled it was in no rush to tighten monetary policy. The Fed left interest ra
Published 29 Apr, 2016 12:00am
Corn, soya and wheat surge

Corn, soya and wheat surge

US corn, soyabean and wheat futures rallied sharply on Thursday, fuelled by signs of strong export demand, traders said. Concern about crops in South America sparked interest in US supplies from overseas buyers, who typically source the bulk of their corn
Published 29 Apr, 2016 12:00am
Gold rises in Europe
Currency

Gold rises in Europe

Gold rose 1 percent on Thursday as the Bank of Japan held off from expanding monetary stimulus, boosting the yen versus the dollar, and after the Federal Reserve signalled that it was in no rush to tighten monetary policy. The Fed left interest rates unch
Published 29 Apr, 2016 12:00am
Gold pares gains in New York

Gold pares gains in New York

Gold rose for a third straight session on Wednesday, but pared gains after the US Federal Reserve held interest rates unchanged but left the door ajar to a hike in June. The US central bank's policy-setting committee said the labour market had improved fu
Published 29 Apr, 2016 12:00am
Gold reverses losses in Asia

Gold reverses losses in Asia

Gold reversed losses to climb to its highest level in a week on Thursday, as the US dollar slumped more than 2 percent against the yen after the Bank of Japan surprised markets by keeping monetary policy steady. At a two-day rate review ending on Thursday
Published 29 Apr, 2016 12:00am
The Weather

The Weather

The weather report on Thursday (April 28, 2016) and the forecast for Friday (April 29, 2016).

Published 29 Apr, 2016 12:00am
Sugar falls after record Brazil crush

Sugar falls after record Brazil crush

Raw sugar on ICE extended losses on Thursday after data from top grower Brazil showed a record cane crush for the first half of April, while the May/July discount widened sharply to a contract low ahead of expiry on Friday. Arabica coffee inched down to a
Published 29 Apr, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (April 28, 2016).

Published 29 Apr, 2016 12:00am
Palm oil falls
Vegetable Oil

Palm oil falls

Malaysian palm oil futures fell for a third session this week, tracking poor performing rival vegetable oils and on bearish local sentiment, driven by rising output and weak export demand. The palm oil contract for July delivery on the Bursa Malaysia Deri
Published 29 Apr, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (April 28, 2016).

Published 29 Apr, 2016 12:00am
Wheat, corn down; soyabeans settle higher
Exchange

Wheat, corn down; soyabeans settle higher

US corn and wheat futures fell on Wednesday, setting back from two days of gains on profit taking as speculators locked in gains on recent short-covering rallies, traders said. "The funds have gotten heavy long up here," said Mark Gold, managing partner w
Published 29 Apr, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (April 28, 2016).

Published 29 Apr, 2016 12:00am
Rubber plunges
Exchange

Rubber plunges

Benchmark Tokyo rubber futures plunged to a one-week low on Thursday as the yen's surge and tumbling stock prices prompted a flurry of profit-taking after the Bank of Japan opted out of any further moves to ease policy. "A sharp selloff in Nikkei and a sp
Published 29 Apr, 2016 12:00am
India erects more laser walls on border with Pakistan

India erects more laser walls on border with Pakistan

India has set up eight laser walls along the shared border with Pakistan and plans to activate four more over the next few days, Times of India reported, citing a senior Indian Border Security Force (BSF) official. While eight infra-red and laser beam int
Published 29 Apr, 2016 12:00am
Oil jumps two percent despite glut, hits 2016 peaks on weak dollar

Oil jumps two percent despite glut, hits 2016 peaks on weak dollar

Oil markets jumped 2 percent on Thursday, hitting 2016 highs for a third straight day as a weaker dollar had investors shrugging off record high US crude inventories and relentless pumping by major producers. Oil prices have surged nearly 80 percent since
Published 29 Apr, 2016 12:00am
India erects more laser walls on border with Pakistan

India erects more laser walls on border with Pakistan

India has set up eight laser walls along the shared border with Pakistan and plans to activate four more over the next few days, Times of India reported, citing a senior Indian Border Security Force (BSF) official. While eight infra-red and laser beam int
Published 29 Apr, 2016 12:00am
Copper up on lower dollar, focus on China demand
Exchange

Copper up on lower dollar, focus on China demand

Copper prices rose on Thursday due to a lower dollar after the US central bank left interest rates on hold and as the market waited for confirmation of stronger demand in top consumer China. Benchmark copper on the London Metal Exchange ended up 0.8 perce
Published 29 Apr, 2016 12:00am
No threat of political instability, China told

No threat of political instability, China told

Pakistan is among the eight fast growing economies of the world due to structural reforms introduced by the present government, Federal Minister Planning, Development and Reforms Ahsan Iqbal said on Thursday. While addressing China-Pakistan Economic Corri
Published 29 Apr, 2016 12:00am
Libya outlines ambitious plans to restore oil output

Libya outlines ambitious plans to restore oil output

Libya's National Oil Corporation has ambitious plans to restore output to pre-2011 levels after years of violence and disruption, officials said. Oil output is now less than a quarter of the 1.6 million barrels per day Libya pumped before Muammar Gaddafi
Published 29 Apr, 2016 12:00am
No threat of political instability, China told

No threat of political instability, China told

Pakistan is among the eight fast growing economies of the world due to structural reforms introduced by the present government, Federal Minister Planning, Development and Reforms Ahsan Iqbal said on Thursday. While addressing China-Pakistan Economic Corri
Published 29 Apr, 2016 12:00am
ICE cotton up as US Fed decides to hold rates steady
Cotton

ICE cotton up as US Fed decides to hold rates steady

Cotton futures rose slightly higher in late trading on Wednesday supported by the US Federal Reserve's announcement to keep interest rates unchanged. The Fed's statement indicating it was not in any hurry to raise rates gave speculators freedom to continu
Published 29 Apr, 2016 12:00am
No threat of political instability, China told

No threat of political instability, China told

Pakistan is among the eight fast growing economies of the world due to structural reforms introduced by the present government, Federal Minister Planning, Development and Reforms Ahsan Iqbal said on Thursday. While addressing China-Pakistan Economic Corri
Published 29 Apr, 2016 12:00am
Shanghai copper falls
Exchange

Shanghai copper falls

Shanghai Futures Exchange copper fell 1.2 percent to close at 37,250 yuan ($5,746) a tonne on Thursday after a commodity exchange in China tightened trading terms for iron ore and coal, dousing their recent rally in a move that also hit sentiment for othe
Published 29 Apr, 2016 12:00am
CPEC projects: Nisar urges UK businessmen to invest

CPEC projects: Nisar urges UK businessmen to invest

Minister for Interior Chaudhry Nisar Ali Khan invited British businessmen to invest in projects of China Pakistan Economic Corridor (CPEC) - a very ambitious $46 billion infrastructure project. Addressing annual dinner of Pakistan Society here, the minist
Published 29 Apr, 2016 12:00am
Depleting stocks push up cotton prices to seasonal high rates
Cotton

Depleting stocks push up cotton prices to seasonal high rates

With barely a couple of hundred thousand bales (155 kgs) from the current crop (August 2015 / July 2016) remaining unsold with the ginners, mostly of lower grades, lint prices have risen to seasonal high levels. There are reports in the market that the Tr
Published 29 Apr, 2016 12:00am
No threat of political instability, China told

No threat of political instability, China told

Pakistan is among the eight fast growing economies of the world due to structural reforms introduced by the present government, Federal Minister Planning, Development and Reforms Ahsan Iqbal said on Thursday. While addressing China-Pakistan Economic Corri
Published 29 Apr, 2016 12:00am
Depleting stocks push up cotton prices to seasonal high rates
Cotton

Depleting stocks push up cotton prices to seasonal high rates

With barely a couple of hundred thousand bales (155 kgs) from the current crop (August 2015 / July 2016) remaining unsold with the ginners, mostly of lower grades, lint prices have risen to seasonal high levels. There are reports in the market that the Tr
Published 29 Apr, 2016 12:00am
CPEC projects: Nisar urges UK businessmen to invest

CPEC projects: Nisar urges UK businessmen to invest

Minister for Interior Chaudhry Nisar Ali Khan invited British businessmen to invest in projects of China Pakistan Economic Corridor (CPEC) - a very ambitious $46 billion infrastructure project. Addressing annual dinner of Pakistan Society here, the minist
Published 29 Apr, 2016 12:00am
Buyers, sellers adopt wait-and-see attitude
Cotton

Buyers, sellers adopt wait-and-see attitude

Both buyers and sellers adopted wait-and-see attitudes on the cotton market on Thursday to observe situation after Trading Corporation of Pakistan (TCP)'s entry into the market, dealers said. The official spot rate was unchanged at Rs 5,600 dealers said.
Published 29 Apr, 2016 12:00am
CPEC projects: Nisar urges UK businessmen to invest

CPEC projects: Nisar urges UK businessmen to invest

Minister for Interior Chaudhry Nisar Ali Khan invited British businessmen to invest in projects of China Pakistan Economic Corridor (CPEC) - a very ambitious $46 billion infrastructure project. Addressing annual dinner of Pakistan Society here, the minist
Published 29 Apr, 2016 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 156,556 tonnes of cargo comprising 131,137 tonnes of import cargo and 25,419 tonnes of export cargo including 3,435 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Published 29 Apr, 2016 12:00am
Punjab CM's, officials' visits to China: expenditures declared illegal

Punjab CM's, officials' visits to China: expenditures declared illegal

The Special Departmental Accounts Committee (SDAC) of the Industries, Commerce and Investment Department has declared the expenditures amounting to Rs 12.37 million incurred on foreign tours of the Punjab Chief Minster and officials of Punjab Board of Inv
Published 29 Apr, 2016 12:00am
Oil cake market rates
Cotton

Oil cake market rates

Both the futures showed no change on the forward cottonseeds oilcake market on Thursday in the process of trading, dealers said. The May vaida closed at Rs 2046.60 and at the same rate in morning session, they said. The July vaida settled at Rs 2048.80 an
Published 29 Apr, 2016 12:00am
Punjab CM's, officials' visits to China: expenditures declared illegal

Punjab CM's, officials' visits to China: expenditures declared illegal

The Special Departmental Accounts Committee (SDAC) of the Industries, Commerce and Investment Department has declared the expenditures amounting to Rs 12.37 million incurred on foreign tours of the Punjab Chief Minster and officials of Punjab Board of Inv
Published 29 Apr, 2016 12:00am
Russian wheat export prices up on higher benchmarks

Russian wheat export prices up on higher benchmarks

Russian wheat export prices rose last week following higher global benchmarks and thanks to lower stocks in Russia's export-focused southern regions, analysts said on Tuesday. Black Sea prices for Russian wheat with 12.5 percent protein content were at $1
Published 29 Apr, 2016 12:00am
Punjab CM''s, officials'' visits to China: expenditures declared illegal

Punjab CM''s, officials'' visits to China: expenditures declared illegal

The Special Departmental Accounts Committee (SDAC) of the Industries, Commerce and Investment Department has declared the expenditures amounting to Rs 12.37 million incurred on foreign tours of the Punjab Chief Minster and officials of Punjab Board of Inv
Published 29 Apr, 2016 12:00am
Subdued business on grain market
Cotton

Subdued business on grain market

Slow trade activity was witnessed on the wholesale grain market on Thursday due to lack of motivating factors, dealers said. On the grams side, yellow peas Russia lost Rs 300 to Rs 5400 and yellow peas Dall Russia followed same pattern, shedding Rs 200 to
Published 29 Apr, 2016 12:00am
Rare gasoline cargo heads from China to United States

Rare gasoline cargo heads from China to United States

Trading house Trafigura is shipping a rare cargo of gasoline from China to the United States, as the recent weakening of the Asian market after months of stock builds opens up new routes. Asian gasoline stocks have risen sharply in recent months as trader
Published 29 Apr, 2016 12:00am
European wheat prices edge lower as large crop looms

European wheat prices edge lower as large crop looms

European wheat prices edged lower on Tuesday, under pressure from a firm euro and bearish fundamentals with the prospect of good harvests ahead. May milling wheat on Paris-based Euronext was 1.00 euro or 0.7 percent weaker by 1610 GMT at 151.25 euros a to
Published 29 Apr, 2016 12:00am
World Bank sees gradual increase in inflation rate
Cotton

World Bank sees gradual increase in inflation rate

The World Bank (WB) is expecting gradual increase in inflation rate for Pakistan which continues in single-digits as the base effect diminishes, domestic energy prices increases, and aggregate demand grows. Releasing its twice-a-year Pakistan Development
Published 29 Apr, 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 7,388 million and the number of lots traded was 27.75 million. PMEX Commodity Index closed at 2,852. Major business was contributed by gold amounting to PKR 6,207 million followed
Published 29 Apr, 2016 12:00am
World Bank sees gradual increase in inflation rate
Cotton

World Bank sees gradual increase in inflation rate

The World Bank (WB) is expecting gradual increase in inflation rate for Pakistan which continues in single-digits as the base effect diminishes, domestic energy prices increases, and aggregate demand grows. Releasing its twice-a-year Pakistan Development
Published 29 Apr, 2016 12:00am
Message from President, RCCI

Message from President, RCCI

"RCCI ICT AWARDS aims at honoring Pakistani companies at the cutting edge of technology innovation as well as leading professionals across ICT industry of Pakistan" RCCI endeavors are to promote this sector of Pakistan. Pakistan Software Export Board and
Published 29 Apr, 2016 12:00am
Rare gasoline cargo heads from China to United States

Rare gasoline cargo heads from China to United States

Trading house Trafigura is shipping a rare cargo of gasoline from China to the United States, as the recent weakening of the Asian market after months of stock builds opens up new routes. Asian gasoline stocks have risen sharply in recent months as trader
Published 29 Apr, 2016 12:00am
Message from Group Leader, RCCI

Message from Group Leader, RCCI

Pakistan is a developing economy and while it has been maintaining a certain pace it has still not achieved its true potential. One of the most promising sectors that can be a success in the short term and a true strategic game changer is without any doub
Published 29 Apr, 2016 12:00am
Rare gasoline cargo heads from China to United States

Rare gasoline cargo heads from China to United States

Trading house Trafigura is shipping a rare cargo of gasoline from China to the United States, as the recent weakening of the Asian market after months of stock builds opens up new routes. Asian gasoline stocks have risen sharply in recent months as trader
Published 29 Apr, 2016 12:00am
Message from Senior Vice President, RCCI

Message from Senior Vice President, RCCI

RCCI ICT Awards is an initiative of Rawalpindi Chamber of Commerce and Industry to appreciate the work being done in the sector of information and communication technology in Pakistan. This event will give the nominated companies the recognition and ackno
Published 29 Apr, 2016 12:00am
World Bank sees gradual increase in inflation rate
Cotton

World Bank sees gradual increase in inflation rate

The World Bank (WB) is expecting gradual increase in inflation rate for Pakistan which continues in single-digits as the base effect diminishes, domestic energy prices increases, and aggregate demand grows. Releasing its twice-a-year Pakistan Development
Published 29 Apr, 2016 12:00am
Message from Vice Presiden, RCCI

Message from Vice Presiden, RCCI

Benefit of information and communication technology is that it empowers people to do what they want to do. It lets people be creative, productive and dynamic. Keeping in view the importance of this Industry Rawalpindi chamber of commerce & industry is org
Published 29 Apr, 2016 12:00am
World Bank sees gradual increase in inflation rate
Cotton

World Bank sees gradual increase in inflation rate

The World Bank (WB) is expecting gradual increase in inflation rate for Pakistan which continues in single-digits as the base effect diminishes, domestic energy prices increases, and aggregate demand grows. Releasing its twice-a-year Pakistan Development
Published 29 Apr, 2016 12:00am
Message from Chairman ICT Committee, RCCI

Message from Chairman ICT Committee, RCCI

The 2nd Rawalpindi Chamber of Commerce & Industry ICT Awards aims at honoring & recognizing the achievers and contributors of the Pakistani I.C.T Industry. This year, I am pleased to announce that the awards, participation level has increased remarkably.
Published 29 Apr, 2016 12:00am
Message from Vice Chairman ICT Committee, RCCI

Message from Vice Chairman ICT Committee, RCCI

It gives me immense pleasure tc congratulate RCCI for conducting the 2nd ICT achievement awards. The RCCI ICT awards show approval and gratitude for the good job by the software companies and their committment to excellence. The work of different companie
Published 29 Apr, 2016 12:00am
Message from MD PSEB
Exchange

Message from MD PSEB

The adoption of Information and Communication Technologies is immensely important for socio-economic development of any country as is clearly evident from the proven positive correlation between adoption of ICT and growth in GDP. Pakistan's IT industry is
Published 29 Apr, 2016 12:00am
Pakistan Software Export Board (PSEB)

Pakistan Software Export Board (PSEB)

Pakistan Software Export Board (PSEB) is an apex body of the Ministry of Information Technology established in 1995 with the mandate to grow and to promote Pakistan's IT Industry in local and international markets. PSEB has been facilitating IT industry t
Published 29 Apr, 2016 12:00am
Bulls tighten grip

Bulls tighten grip

Stocks remained bullish Thursday with the KSE-100 index gaining another 234 points to close at 34,504 points. The benchmark index rallied from Wednesday's 34,269 and was seen hitting the session's high of 34,581 points. Trading turnover ended higher at 27
Published 29 Apr, 2016 12:00am
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