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Print - 2016-06-25
Pakistan, India edge closer to joining SCO security bloc

Pakistan, India edge closer to joining SCO security bloc

India and Pakistan inched closer Friday to joining a regional security and economic bloc led by Russia and China, a move seen to boost the importance of the organisation. "We expect that our partners will be able to accede as quickly as possible, by our n
Published 25 Jun, 2016 12:00am
Pakistan, India edge closer to joining SCO security bloc

Pakistan, India edge closer to joining SCO security bloc

India and Pakistan inched closer Friday to joining a regional security and economic bloc led by Russia and China, a move seen to boost the importance of the organisation. "We expect that our partners will be able to accede as quickly as possible, by our n
Published 25 Jun, 2016 12:00am
Pakistan, India edge closer to joining SCO security bloc

Pakistan, India edge closer to joining SCO security bloc

India and Pakistan inched closer Friday to joining a regional security and economic bloc led by Russia and China, a move seen to boost the importance of the organisation. "We expect that our partners will be able to accede as quickly as possible, by our n
Published 25 Jun, 2016 12:00am
Pakistan, India edge closer to joining SCO security bloc

Pakistan, India edge closer to joining SCO security bloc

India and Pakistan inched closer Friday to joining a regional security and economic bloc led by Russia and China, a move seen to boost the importance of the organisation. "We expect that our partners will be able to accede as quickly as possible, by our n
Published 25 Jun, 2016 12:00am
Last three years: parameters record marked improvement: Dar

Last three years: parameters record marked improvement: Dar

Finance Minister Ishaq Dar Friday said that economic parameters have recorded significant improvement over the last three years and it is time to accelerate the growth momentum of economy. He was addressing the Presidents of banks in a meeting held at Sta
Published 25 Jun, 2016 12:00am
Last three years: parameters record marked improvement: Dar

Last three years: parameters record marked improvement: Dar

Finance Minister Ishaq Dar Friday said that economic parameters have recorded significant improvement over the last three years and it is time to accelerate the growth momentum of economy. He was addressing the Presidents of banks in a meeting held at Sta
Published 25 Jun, 2016 12:00am
Last three years: parameters record marked improvement: Dar

Last three years: parameters record marked improvement: Dar

Finance Minister Ishaq Dar Friday said that economic parameters have recorded significant improvement over the last three years and it is time to accelerate the growth momentum of economy. He was addressing the Presidents of banks in a meeting held at Sta
Published 25 Jun, 2016 12:00am
Last three years: parameters record marked improvement: Dar

Last three years: parameters record marked improvement: Dar

Finance Minister Ishaq Dar Friday said that economic parameters have recorded significant improvement over the last three years and it is time to accelerate the growth momentum of economy. He was addressing the Presidents of banks in a meeting held at Sta
Published 25 Jun, 2016 12:00am
PTI moves ECP, files petition against Prime Minister

PTI moves ECP, files petition against Prime Minister

Pakistan Tehreek-e-Insaf (PTI) on Friday filed a petition in Election Commission of Pakistan (ECP), seeking disqualification of Prime Minister Nawaz Sharif as member National Assembly. The petition that was filed by Dr Yasmeen Rashid of PTI, contended tha
Published 25 Jun, 2016 12:00am
PTI moves ECP, files petition against Prime Minister

PTI moves ECP, files petition against Prime Minister

Pakistan Tehreek-e-Insaf (PTI) on Friday filed a petition in Election Commission of Pakistan (ECP), seeking disqualification of Prime Minister Nawaz Sharif as member National Assembly. The petition that was filed by Dr Yasmeen Rashid of PTI, contended tha
Published 25 Jun, 2016 12:00am
Pakistan needs F-16 to fight terror: Zardari tells McCain

Pakistan needs F-16 to fight terror: Zardari tells McCain

Former president Asif Ali Zardari met Senator John McCain in Los Angeles and discussed bilateral relations between USA and Pakistan. Asif Ali Zardari urged senator's support for Pakistan in getting F-16 from US and emphasised that Pakistan need F-16 and d
Published 25 Jun, 2016 12:00am
Pakistan needs F-16 to fight terror: Zardari tells McCain

Pakistan needs F-16 to fight terror: Zardari tells McCain

Former president Asif Ali Zardari met Senator John McCain in Los Angeles and discussed bilateral relations between USA and Pakistan. Asif Ali Zardari urged senator's support for Pakistan in getting F-16 from US and emphasised that Pakistan need F-16 and d
Published 25 Jun, 2016 12:00am
World stocks, oil tumble; sterling suffers historic fall
Currency

World stocks, oil tumble; sterling suffers historic fall

Global stock markets lost about $2 trillion in value on Friday after Britain voted to leave the European Union, while sterling suffered a record one-day plunge to a 31-year low and money poured into safe-haven gold and government bonds. Oil prices slumped
Published 25 Jun, 2016 12:00am
World stocks, oil tumble; sterling suffers historic fall
Currency

World stocks, oil tumble; sterling suffers historic fall

Global stock markets lost about $2 trillion in value on Friday after Britain voted to leave the European Union, while sterling suffered a record one-day plunge to a 31-year low and money poured into safe-haven gold and government bonds. Oil prices slumped
Published 25 Jun, 2016 12:00am
World stocks, oil tumble; sterling suffers historic fall
Currency

World stocks, oil tumble; sterling suffers historic fall

Global stock markets lost about $2 trillion in value on Friday after Britain voted to leave the European Union, while sterling suffered a record one-day plunge to a 31-year low and money poured into safe-haven gold and government bonds. Oil prices slumped
Published 25 Jun, 2016 12:00am
World stocks, oil tumble; sterling suffers historic fall
Currency

World stocks, oil tumble; sterling suffers historic fall

Global stock markets lost about $2 trillion in value on Friday after Britain voted to leave the European Union, while sterling suffered a record one-day plunge to a 31-year low and money poured into safe-haven gold and government bonds. Oil prices slumped
Published 25 Jun, 2016 12:00am
UK deals blow to Victor Hugo''s Europe dream
Currency

UK deals blow to Victor Hugo''s Europe dream

Britain has voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow since World War Two to the European project of forging greater unity. Global financial markets plunged on Friday as results
Published 25 Jun, 2016 12:00am
UK deals blow to Victor Hugo's Europe dream
Currency

UK deals blow to Victor Hugo's Europe dream

Britain has voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow since World War Two to the European project of forging greater unity. Global financial markets plunged on Friday as results
Published 25 Jun, 2016 12:00am
UK deals blow to Victor Hugo's Europe dream
Currency

UK deals blow to Victor Hugo's Europe dream

Britain has voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow since World War Two to the European project of forging greater unity. Global financial markets plunged on Friday as results
Published 25 Jun, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (June 24, 2016).

Published 25 Jun, 2016 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (June 24, 2016).
Published 25 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 Friday (June 24, 2016).

Published 25 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 Friday (June 24, 2016).

Published 25 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 25 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 25 Jun, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 25 Jun, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 25 Jun, 2016 12:00am
BRIDGE NOTES: Battle of wits

BRIDGE NOTES: Battle of wits

In Bridge, the contest between the opposing sides can take an interesting turn if the level of Bridge reflected from both is pretty good. Alertness at the Bridge table is essential along with the foresight to see what is coming ahead.
Published 25 Jun, 2016 12:00am
Out of fashion: how men could fall off the catwalk

Out of fashion: how men could fall off the catwalk

Men are in danger of falling off the catwalk in Europe. Menswear shows, traditionally held months before the women hit the runways later in the year, are being slowly airbrushed from the fashion industry's calendar and folded into the women's events, almo
Published 25 Jun, 2016 12:00am
Five things to know about Shanghai Disneyland

Five things to know about Shanghai Disneyland

Six 'lands': Shanghai Disneyland is divided into six distinct areas - some entirely new to Disney including the pirate-themed Treasure Cove. The total resort covers 3.9 square kilometres including a shopping and entertainment zone "Disneytown" accessible
Published 25 Jun, 2016 12:00am
The Indus Hospital - A beacon of hope for healthcare in Pakistan

The Indus Hospital - A beacon of hope for healthcare in Pakistan

Background and inception: Effective healthcare provision to all in Pakistan is a severely neglected area. Healthcare provided by the State is at the bare minimum. This in effect, leads to private healthcare services filling in the gap. The private sector
Published 25 Jun, 2016 12:00am
Europe's robots to become 'electronic persons' under draft plan

Europe's robots to become 'electronic persons' under draft plan

Europe's growing army of robot workers could be classed as "electronic persons" and their owners liable to paying social security for them if the European Union adopts a draft plan to address the realities of a new industrial revolution.
Published 25 Jun, 2016 12:00am
Precious musical instruments adorn a home, but need special care

Precious musical instruments adorn a home, but need special care

Musical instruments are not just there to emit sounds. They can also be beautiful eyecatchers and talking points in home decor. But buy a piano and you will need to do more than occasionally wipe it with a damp sponge. Left on a stand for a long time, a t
Published 25 Jun, 2016 12:00am
Routine is bad for your intellectual productivity at work

Routine is bad for your intellectual productivity at work

If an employee is not intellectually challenged in a job, their brain will lose productivity, according to researcher Siegfried Lehrl. For example, unskilled 25-year-olds with dull menial jobs are actually significantly dumber than they were at the time w
Published 25 Jun, 2016 12:00am
ART FACTS: Notions of love

ART FACTS: Notions of love

Marium Agha's first solo titled 'But, My Dear, This Is Not Wonderland and You Are Not Alice' at Chawkandi Art gallery, Karachi touched the notions of love. Her body of work was wrapped up in a fairy tale. She un wrapped the story in her paintings so the v
Published 25 Jun, 2016 12:00am
World Ramazan cuisines

World Ramazan cuisines

Ramazan is a month of blessings, enlightenment and harmony. It brings with it spiritual wellness, special customs, and unique traditional food items. From culinary perspective, foods and drinks play important role in celebrating Ramazan everywhere around
Published 25 Jun, 2016 12:00am
KARACHI CHRONICLE: Living on a shoestring budget

KARACHI CHRONICLE: Living on a shoestring budget

Life on a shoestring budget is possible if you do not live in the so-called 'posh' parts of the city, such as Defence Housing Authority (DHA) and Clifton. This is where the fruit and vege sellers, the house painter, the plumber and electrician, the carpen
Published 25 Jun, 2016 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures dropped on Wednesday for a third straight session, pressured by long liquidation. Fund selling seen adding to canola's declines, with the November contract trading below its 50-day and 100-day moving averages. Traders and analy
Published 25 Jun, 2016 12:00am
European vegoils: palm oil slightly rises on strong ringgit

European vegoils: palm oil slightly rises on strong ringgit

Palm oil on the European vegetable oils market rose slightly on Wednesday on the back of a firm ringgit but trade was quiet and lacked direction because of a public holiday in Malaysia. Crude palm oil was offered between unchanged and $10 a tonne higher,
Published 25 Jun, 2016 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Thursday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 7.60 billion and the number of lots traded was 13,591. PMEX Commodity Index closed at 2,891, an increase of 0.95 percent as compared to the last trading day. Major business was cont
Published 25 Jun, 2016 12:00am
US natural gas futures rise to 10-month high

US natural gas futures rise to 10-month high

A four-week rally in US natural gas futures to a 10-month high fuelled by an unusually hot start to the summer stalled on Wednesday as forecasts turned slightly cooler for the next two weeks. That would reduce the need for the power sector to continue bur
Published 25 Jun, 2016 12:00am
EU wheat futures fall on euro strength

EU wheat futures fall on euro strength

European wheat futures fell to their lowest in about a month on Wednesday, hurt by an export-punishing rise in the euro in volatile markets ahead of Britain's vote on whether to stay in the European Union. September milling wheat on the Paris-based Eurone
Published 25 Jun, 2016 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 138,340 tonnes of cargo comprising 113,139 tonnes of import cargo and 25,201 tonnes of export cargo including 5,517 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 113
Published 25 Jun, 2016 12:00am
Trade activity on cotton market slows down
Cotton

Trade activity on cotton market slows down

The volume of business came down on the cotton market on Friday as most of the participants were on the sidelines due to several factors, dealers said. The official spot rate was lower by Rs 50 to Rs 5,550, dealers said. In Sindh, prices of seed cotton we
Published 25 Jun, 2016 12:00am
No change on grain market

No change on grain market

According to the Daily Market Report, not a single change was seen on the local commodity market and oil seeds market on Friday.
Published 25 Jun, 2016 12:00am
US Plains HRW wheat bids firm

US Plains HRW wheat bids firm

Spot basis bids for hard red winter wheat in the southern US Plains were steady to firm on Wednesday, with the basis firming at the Gulf export terminal. Some grain buyers have firmed their bids this week to offset declining wheat futures prices. K.C. Jul
Published 25 Jun, 2016 12:00am
Big US banks have enough capital to withstand severe stress: Fed

Big US banks have enough capital to withstand severe stress: Fed

All 33 US banks that underwent regulatory stress tests this year were able to withstand severe economic and market conditions while staying above minimum required capital levels, the US Federal Reserve said on Thursday. Overall, big banks would suffer $38
Published 25 Jun, 2016 12:00am
Sri Lanka keeps rates steady

Sri Lanka keeps rates steady

The Central Bank of Sri Lanka held interest rates steady for a fourth straight month on Friday, saying it expected inflation to moderate despite private sector credit growth. The standing deposit facility rate (SDFR) and the standing lending facility rate
Published 25 Jun, 2016 12:00am
Brexit shockwaves hit Asian firms

Brexit shockwaves hit Asian firms

From Delhi to Tokyo, firms across Asia are scrambling to assess the impact of Britain quitting the European Union, with some saying fresh investments in the UK are off the table for now and their future in the country uncertain. As Japanese and South Kore
Published 25 Jun, 2016 12:00am
US business spending weak in May, Brexit seen adding more pressure

US business spending weak in May, Brexit seen adding more pressure

New orders for US manufactured capital goods unexpectedly fell in May as demand declined broadly, indicating business spending will remain a drag on economic growth in the second quarter. The subdued business investment persists despite data on retail sal
Published 25 Jun, 2016 12:00am
Germany shuts door to fracking

Germany shuts door to fracking

German lawmakers Friday approved a law that essentially bans fracking, ending years of dispute over the controversial technology to release oil and gas locked deep underground. The text does not outlaw conventional drilling for oil and gas, but leaves it
Published 25 Jun, 2016 12:00am
China business confidence picks up in Q2

China business confidence picks up in Q2

Business confidence among entrepreneurs in China has picked up for the first time in more than two years in the second quarter of 2016, according to surveys by the People's Bank of China published on Friday. The entrepreneurs' confidence index rose to 49
Published 25 Jun, 2016 12:00am
German business morale unexpectedly improved

German business morale unexpectedly improved

German business morale unexpectedly improved for the second consecutive month in June, a survey showed on Friday, suggesting company executives in Europe's largest economy had remained upbeat ahead of Britain's decision to leave the European Union. The Mu
Published 25 Jun, 2016 12:00am
Taiwan China Airlines strike leaves 20,000 without flights

Taiwan China Airlines strike leaves 20,000 without flights

A strike by staff from Taiwan's largest carrier China Airlines left 20,000 passengers without flights Friday in the first industrial action by cabin crew in the island's aviation history. The airline was forced to cancel all flights out of the two main ai
Published 25 Jun, 2016 12:00am
China to keep liquidity ample, yuan stable after Britain vote
Currency

China to keep liquidity ample, yuan stable after Britain vote

China's central bank on Friday pledged to keep domestic liquidity ample and keep its yuan currency stable, in response to Britain's vote to leave the European Union. The People's Bank of China has already made "appropriate contingency plans" in connection
Published 25 Jun, 2016 12:00am
World central banks ready plans after Brexit vote
Currency

World central banks ready plans after Brexit vote

Global central banks rushed Friday to deal with financial markets fallout from Britain's shock referendum decision to quit the European Union. Britain has voted to leave the EU by 52 percent to 48 percent, sparking markets turmoil and the resignation of P
Published 25 Jun, 2016 12:00am
Analysis suggests Anthem deal could raise health costs

Analysis suggests Anthem deal could raise health costs

As questions mount over whether health insurer Anthem Inc's proposed $48 billion purchase of Cigna Corp will win US antitrust approval, an exclusive analysis produced for Reuters suggests the merger could lead to higher costs for large companies offering
Published 25 Jun, 2016 12:00am
Crashing pound draws queues at Singapore money changers
Currency

Crashing pound draws queues at Singapore money changers

The crashing pound sent people flocking to money changers to exploit a favourable exchange rate in Singapore on Friday after the currency plummeted following Britain's decision to leave the European Union. People looking for holidays and those with childr
Published 25 Jun, 2016 12:00am
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