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Print - 2016-06-03
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (June 02, 2016).

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

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (June 02, 2016).

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

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (June 02, 2016).

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

Spot dollar rates

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

Published 03 Jun, 2016 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (June 02, 2016).
Published 03 Jun, 2016 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (June 02, 2016).

Published 03 Jun, 2016 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (June 02, 2016).

Published 03 Jun, 2016 12:00am
Barclays bid rates and maximum rates for payment of interest

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 Jun, 2016 12:00am
State Bank of Pakistan conversion rates
Currency

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 Jun, 2016 12:00am
A frustrating drive to work

A frustrating drive to work

My workplace is situated at Bin Qasim industrial area. Every day, going to work is a challenge as my travel route is through the Malir Road which nowadays has been partially closed off for repairs. I have been forced to leave the house much earlier, simpl
Published 03 Jun, 2016 12:00am
Money for nothing? Swiss vote on basic income for all

Money for nothing? Swiss vote on basic income for all

Carole, a scientist from Zurich, recently received a dream message on her phone: she will receive 2,500 Swiss francs ($2,500, 2,300 euros) a month for the next year, no strings attached.
Published 03 Jun, 2016 12:00am
London anti-corruption summit 2016

London anti-corruption summit 2016

Describing the May 12 Summit of 40 Heads of state and government along with important business leaders as "the biggest demonstration of the political will to address corruption", British PM David Cameron said: "I've really sensed today there is far more p
Published 03 Jun, 2016 12:00am
'Pro-people' budgets

'Pro-people' budgets

A friend asked to outline as to what should be ideal budgets for Pakistani people at federal and provincial levels. Our answer is simple: an ideal budget is one that has long-term vision of prosperity by doing justice with all economic classes within soci
Published 03 Jun, 2016 12:00am
Presidential address

Presidential address

The annual ritual of President's address to a joint session of Parliament at the start of the new parliamentary year proved to be yet another unremarkable event. President Mamnoon Hussain mostly recounted the government claims of successes, such as that e
Published 03 Jun, 2016 12:00am
FBR is part of the solution and the problem

FBR is part of the solution and the problem

The Chairman of the National Tax Reform Commission (TRC), Masood Naqvi, together with two other members of the Commission, stated during a briefing to the Senate Standing Committee on Finance that "reforms in the tax system are a major issue," and added m
Published 03 Jun, 2016 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Wednesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,244 million and the number of lots traded was 11,595. PMEX Commodity Index closed at 2,831. Major business was contributed by currencies through COTS amounting to PKR 2,533 milli
Published 03 Jun, 2016 12:00am
CBOT wheat futures fall

CBOT wheat futures fall

US wheat futures fell 3.2 percent on Tuesday on forecasts for good weather as harvest of the winter wheat crop nears. An outlook for rain in the northern Plains, seen as beneficial for development of the spring wheat crop there, added pressure to the mark
Published 03 Jun, 2016 12:00am
Modest trade on grain market
Cotton

Modest trade on grain market

A modest trade activity was witnessed on the wholesale grain market on Thursday in the process of trading, dealers said.
Published 03 Jun, 2016 12:00am
Vietnam's rice output likely to fall 1.5 percent

Vietnam's rice output likely to fall 1.5 percent

Vietnam's rice paddy output will likely fall this year for the first time since 2005 following the worst drought in 90 years, but the decline will be limited as farmers expand planting in the current and final crops, a government official said.
Published 03 Jun, 2016 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 174,499 tonnes of cargo comprising 136,116 tonnes of import cargo and 38,383 tonnes of export cargo including 6,429 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 03 Jun, 2016 12:00am
Oil cake market rates
Cotton

Oil cake market rates

An upward trend was seen on the forward cottonseeds oilcake market on Thursday in the process of trading, dealers said. The July vaida settled at Rs 2049.50 and it commenced with 20 paisas gain at Rs 2049.70 in wee hours, they added.
Published 03 Jun, 2016 12:00am
Lacklustre business
Cotton

Lacklustre business

A listless business was seen on the cotton market on Thursday as buyers were on the sidelines ahead of federal budget 2016-17, dealers said.
Published 03 Jun, 2016 12:00am
Cotton market witnesses slowdown on budget eve
Cotton

Cotton market witnesses slowdown on budget eve

There was mostly a lull on the cotton market as traders awaited the scheduled announcement of the federal budget (2016/2017) on Friday. Thus the pace of business in the ready market was slow on Thursday while only a few lots of cotton changed hands. Not m
Published 03 Jun, 2016 12:00am
Cotton market witnesses slowdown on budget eve
Cotton

Cotton market witnesses slowdown on budget eve

There was mostly a lull on the cotton market as traders awaited the scheduled announcement of the federal budget (2016/2017) on Friday. Thus the pace of business in the ready market was slow on Thursday while only a few lots of cotton changed hands. Not m
Published 03 Jun, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

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

New York cotton

The following were the fluctuations observed during the day:

Published 03 Jun, 2016 12:00am
ICE cotton down more than one percent on profit-taking
Cotton

ICE cotton down more than one percent on profit-taking

Cotton futures fell more than 1 percent, the most in nearly two-weeks, on Wednesday on profit-taking after the holiday weekend. "Some of the new longs that had come into the market decided to exit them in the last two days," said Jim Lambert, Director of
Published 03 Jun, 2016 12:00am
Indian oilseeds gain on short-covering

Indian oilseeds gain on short-covering

Indian oilseed prices rose on Thursday on short-covering and tracking gains in Malaysian palm oil futures. Malaysian palm oil futures pared losses from the previous session, tracking competing vegetable oils and helped by a weaker ringgit.
Published 03 Jun, 2016 12:00am
Shanghai copper lower

Shanghai copper lower

Shanghai Futures Exchange copper slipped 0.3 percent to 35,330 yuan ($5,374) a tonne on Thursday. "Copper and aluminium prices failed to sustain their April gains despite the large boost to Chinese credit growth early this year," said Societe Generale in
Published 03 Jun, 2016 12:00am
Zinc hits 10-month high, supply worries fuel buying
Currency

Zinc hits 10-month high, supply worries fuel buying

Zinc prices rose on Thursday to their highest in nearly 10 months as a flurry of buying based on expectations of tight supplies fuelled upward momentum, but analysts expect optimism to fade as demand weakens. Benchmark zinc on the London Metal Exchange en
Published 03 Jun, 2016 12:00am
Oil up; Brent above $50 as US crude draw offsets OPEC

Oil up; Brent above $50 as US crude draw offsets OPEC

Oil prices rose on Thursday, with Brent returning to above $50 a barrel, after data showing a weekly drawdown in US crude stockpiles offset OPEC's decision not to set a ceiling for its production. US crude stockpiles fell 1.4 million barrels in the last w
Published 03 Jun, 2016 12:00am
Tokyo rubber rebounds on short-covering

Tokyo rubber rebounds on short-covering

Benchmark Tokyo rubber futures rebounded on Thursday, recovering from a one-week low hit earlier in the day, as short-covering kicked in after the market hit a technical resistance at 156 yen and ahead of US job data due on Friday.
Published 03 Jun, 2016 12:00am
Palm oil hits three-week high on weaker ringgit
Currency

Palm oil hits three-week high on weaker ringgit

Malaysian palm oil futures pared losses from the previous session to rise on Thursday, tracking competing vegetable oils and helped by a weaker ringgit . The market made its strongest rise in nearly a month, matching gains on May 25.
Published 03 Jun, 2016 12:00am
Sugar sets 23-month high as rains slow Brazil cane crush

Sugar sets 23-month high as rains slow Brazil cane crush

Raw sugar futures on ICE climbed to their highest level in almost two years on Thursday as rains disrupted the cane harvest in top producer Brazil while cocoa and coffee prices also rose. July raw sugar was up 0.36 cent, or 2.1 percent, at 17.77 cents per
Published 03 Jun, 2016 12:00am
Gold turns negative in US trade

Gold turns negative in US trade

Gold turned negative on Wednesday, as the dollar briefly pared losses following US manufacturing data and US equities came off their lows, while the market tried to assess how close the Federal Reserve is to raising interest rates.
Published 03 Jun, 2016 12:00am
Gold crawls higher in Asian trade

Gold crawls higher in Asian trade

Gold inched up on Thursday on the back of a weaker dollar, as investors assess whether the latest set of US economic data will boost the prospect of an early interest rate hike by the Federal Reserve. Bullion had turned negative on Wednesday after the gre
Published 03 Jun, 2016 12:00am
Gold little change after ECB; US labour data in focus
Currency

Gold little change after ECB; US labour data in focus

Gold was little changed on Thursday as the dollar cut losses after the European Central Bank said it made only marginal upward adjustments to its inflation projections, while investors remained cautious ahead of US labour data.
Published 03 Jun, 2016 12:00am
Brazil sugar harvest delays could mean deficit finally bites

Brazil sugar harvest delays could mean deficit finally bites

Rain delays to Brazil's sugar harvest could mean that a long expected global deficit finally bites. Despite forecasts by several analysts for a substantial global sugar deficit in 2015/16, immediate supplies have been plentiful due to a flying start to th
Published 03 Jun, 2016 12:00am
US MIDDAY: gold lower

US MIDDAY: gold lower

Gold was little changed on Thursday as the dollar turned positive after the European Central Bank said it made only marginal upward adjustments to its inflation projections, while investors remained cautious ahead of US labor data. The bank kept interest
Published 03 Jun, 2016 12:00am
Djokovic shrugs off being $100 million man

Djokovic shrugs off being $100 million man

Novak Djokovic insisted Thursday that money will never be a driving force in his life despite becoming the first player to earn $100 million in prize money. The 29-year-old world number one reached the landmark figure by making the French Open quarter-fin
Published 03 Jun, 2016 12:00am
Djokovic escapes disqualification, faces Thiem for final spot

Djokovic escapes disqualification, faces Thiem for final spot

Novak Djokovic reached his 30th Grand Slam semi-final on Thursday but his quest for a first French Open title was almost scuppered by disqualification. The world number one, a three-time runner-up and seeking a maiden Roland Garros crown to complete the c
Published 03 Jun, 2016 12:00am
Messi says 'knew nothing' at tax fraud trial in Spain

Messi says 'knew nothing' at tax fraud trial in Spain

Argentina football star Lionel Messi said Thursday he trusted his father with his finances and "knew nothing" about how his wealth was managed as he took the stand at his tax fraud trial. "I was playing football. I had no idea about anything," the five-ti
Published 03 Jun, 2016 12:00am
Clash of contrasts opposes Stosur and Muguruza

Clash of contrasts opposes Stosur and Muguruza

Australian experience and guile takes on Spanish youth and power at the French Open on Friday when Samantha Stosur plays Garbine Muguruza in the first of the semi-finals. Stosur at 32 is a veteran of 15 years on the WTA circuit who won the 2011 US Open an
Published 03 Jun, 2016 12:00am
India cricket chief eyes top spot for women

India cricket chief eyes top spot for women

India's newly elected cricket chief Anurag Thakur has laid out an action plan for the women's team to attain world-beating status alongside their male counterparts in the next four years. While the Indian men's team is rated among the top sides in the wor
Published 03 Jun, 2016 12:00am
West Indies face South Africa in tri-nation opener

West Indies face South Africa in tri-nation opener

Hosts West Indies and South Africa get a tri-nation One-Day International series under way on Friday in Guyana with both teams in rebuilding mode following last year's World Cup.
Published 03 Jun, 2016 12:00am
Pakistan opener Shan ready for England challenge

Pakistan opener Shan ready for England challenge

Determined opener Shan Masood on Thursday vowed Pakistan were ready to take up the stiff challenge in a Test series in England, where sub-continent batsmen have struggled in the past. Pakistan play a four-match Test series, starting at Lord's from July 14
Published 03 Jun, 2016 12:00am
Sleepy Bavarian town where Mueller's the hero

Sleepy Bavarian town where Mueller's the hero

In the rolling foothills of the Bavarian alps, where cows lazily chew grass on sun-drenched meadows, Germany and Bayern Munich star Thomas Mueller is the pride of his ex-club TSV Paehl.
Published 03 Jun, 2016 12:00am
India to tour West Indies

India to tour West Indies

India will begin a seven-week tour of the West Indies starting on July 6 with four Tests and two practice matches, the cricket boards of both countries confirmed on Thursday. The tour will get underway with a two-day practice match from July 9 in St Kitts
Published 03 Jun, 2016 12:00am
ICC chief backs Amir to tour England

ICC chief backs Amir to tour England

International Cricket Council chief executive David Richardson expects Pakistan quick bowler Mohammad Amir to tour England next month, saying the former spot-fixer's return is a "good thing" for the sport. Amir, 24, featured in two one-day internationals
Published 03 Jun, 2016 12:00am
Lockheed, MBDA eye German contract for MEADS by year end

Lockheed, MBDA eye German contract for MEADS by year end

Lockheed Martin Corp and Europe's MBDA hope to complete negotiations with Germany on the MEADS next-generation missile defense system by the end of the year, before next year's German elections, top company officials told Reuters.
Published 03 Jun, 2016 12:00am
Poland's economic growth slows as investments fall

Poland's economic growth slows as investments fall

Poland's economic growth slowed in the first quarter, hit by the first decline in investment in over two years and a negative contribution from foreign trade, statistics office data showed. The breakdown of first-quarter gross domestic product (GDP) data,
Published 03 Jun, 2016 12:00am
Thailand approves double tax breaks for new projects

Thailand approves double tax breaks for new projects

Thailand's cabinet approved a plan to double tax breaks for private investors this year to boost sluggish investment. The government is seeking to arrest a long and slow decline in Thailand's share of regional foreign investment over more than a decade of
Published 03 Jun, 2016 12:00am
Gazprom sees no need for Europe price war, no US LNG threat

Gazprom sees no need for Europe price war, no US LNG threat

Russia's Gazprom sees no need to wage gas price wars in Europe to squeeze out rivals, including expected liquefied natural gas (LNG) from the United States, Deputy Chief Executive Alexander Medvedev said.
Published 03 Jun, 2016 12:00am
Pimco warns 'material risk globally' of monetary policy exhaustion

Pimco warns 'material risk globally' of monetary policy exhaustion

US asset manager Pacific Investment Management Co on Wednesday warned of a risk that zero interest rates and other unconventional monetary policies in place will be insufficient to maintain global growth, close output gaps and raise inflation to target.
Published 03 Jun, 2016 12:00am
Pimco warns 'material risk globally' of monetary policy exhaustion

Pimco warns 'material risk globally' of monetary policy exhaustion

US asset manager Pacific Investment Management Co on Wednesday warned of a risk that zero interest rates and other unconventional monetary policies in place will be insufficient to maintain global growth, close output gaps and raise inflation to target.
Published 03 Jun, 2016 12:00am
Chinese team visits FPCCI's regional office

Chinese team visits FPCCI's regional office

A delegation from China on Thursday visited the Regional Office of the Pakistan Federation of Chambers of Commerce and Industry (FPCCI) and discussed matters of mutual interest.
Published 03 Jun, 2016 12:00am
War on terror: economy suffered $118.3 billion loss

War on terror: economy suffered $118.3 billion loss

Pakistan's economy has suffered $118.3 billion loss equivalent to Rs 9,869.16 billion [directly and indirectly] during the last 14 years due to war on terror. According to Economic Survey 2015-16, Pakistan's economy suffered a total loss of $14.80 billion
Published 03 Jun, 2016 12:00am
National economy's productive sectors have been sluggish: IPR

National economy's productive sectors have been sluggish: IPR

'GDP growth rate has fallen short of government's target, as economic stability remains the objective of choice' while the economy's productive sectors have been sluggish. This was stated in a report issued by the Institute for Policy Reforms (IPR) follow
Published 03 Jun, 2016 12:00am
National economy's productive sectors have been sluggish: IPR

National economy's productive sectors have been sluggish: IPR

'GDP growth rate has fallen short of government's target, as economic stability remains the objective of choice' while the economy's productive sectors have been sluggish. This was stated in a report issued by the Institute for Policy Reforms (IPR) follow
Published 03 Jun, 2016 12:00am
Economic Survey: Tax exemptions still cost exchequer dearly
Currency

Economic Survey: Tax exemptions still cost exchequer dearly

Following withdrawal of concessionary/exemption Statutory Regulatory Orders (SROs) of Rs 132 billion in 2015-16, total tax exemptions and concessions to various sectors, lobbies/groups and investors have cost the government Rs 394.593 billion during 2015-
Published 03 Jun, 2016 12:00am
Economic Survey: Tax exemptions still cost exchequer dearly
Currency

Economic Survey: Tax exemptions still cost exchequer dearly

Following withdrawal of concessionary/exemption Statutory Regulatory Orders (SROs) of Rs 132 billion in 2015-16, total tax exemptions and concessions to various sectors, lobbies/groups and investors have cost the government Rs 394.593 billion during 2015-
Published 03 Jun, 2016 12:00am
BISP graduation scheme 16,5987 get interest-free loans

BISP graduation scheme 16,5987 get interest-free loans

For the graduation of Benazir Income Support Programme (BISP) beneficiaries, a total of 165,987 direct beneficiaries or their immediate family members were provided interest-free loans, micro-finance and technical training.
Published 03 Jun, 2016 12:00am
BISP seeks Rs 115 billion allocation

BISP seeks Rs 115 billion allocation

The Benazir Income Support Programme (BISP) has requested a budgetary allocation of Rs 115 billion for the fiscal year 2016-17 to ensure an increase in its beneficiaries' number and meet expenses of a resurvey.
Published 03 Jun, 2016 12:00am
Dubai to build 1,000 MW solar power plant

Dubai to build 1,000 MW solar power plant

Dubai on Thursday announced plans to build a 1,000-megawatt solar power plant by 2030, the year it aims to turn to renewable energies for 25 percent of electricity needs. The first stage of the concentrated solar power (CSP) plant aims to produce 200 MW i
Published 03 Jun, 2016 12:00am
Japan to roll out growth strategy, economists asking for more

Japan to roll out growth strategy, economists asking for more

Japan's government will set out a new growth strategy on Thursday that has already disappointed many economists for lacking the bold structural reforms needed to narrow income disparity and reverse rapid population decline.
Published 03 Jun, 2016 12:00am