News Archives for Print - 2016-06-26 - Business Recorder

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Print - 2016-06-26

Dual taxation treaty: FBR officials in Switzerland to re-negotiate convention

Dual taxation treaty: FBR officials in Switzerland to re-negotiate convention

The senior tax officials of the Federal Board of Revenue (FBR) have reached Switzerland to re-negotiate the convention on avoidance of double taxation between Pakistan and Switzerland with particular focus on exchange of information related to clauses of

Published 26 Jun, 2016 12:00am

Dual taxation treaty: FBR officials in Switzerland to re-negotiate convention

Dual taxation treaty: FBR officials in Switzerland to re-negotiate convention

The senior tax officials of the Federal Board of Revenue (FBR) have reached Switzerland to re-negotiate the convention on avoidance of double taxation between Pakistan and Switzerland with particular focus on exchange of information related to clauses of

Published 26 Jun, 2016 12:00am

Dual taxation treaty: FBR officials in Switzerland to re-negotiate convention

Dual taxation treaty: FBR officials in Switzerland to re-negotiate convention

The senior tax officials of the Federal Board of Revenue (FBR) have reached Switzerland to re-negotiate the convention on avoidance of double taxation between Pakistan and Switzerland with particular focus on exchange of information related to clauses of

Published 26 Jun, 2016 12:00am

Iceland elects president in vote eclipsed by football fever

Iceland elects president in vote eclipsed by football fever

Iceland voted in a presidential election Saturday expected to see newcomer Gudni Johannesson waltz to victory with voters angry at the establishment - though more excited about the country's Euro football debut. Johannesson, a 47-year-old history professo

Published 26 Jun, 2016 12:00am

Iceland elects president in vote eclipsed by football fever

Iceland elects president in vote eclipsed by football fever

Iceland voted in a presidential election Saturday expected to see newcomer Gudni Johannesson waltz to victory with voters angry at the establishment - though more excited about the country's Euro football debut. Johannesson, a 47-year-old history professo

Published 26 Jun, 2016 12:00am

Shanghai Powers decides to buy K-Electric

Shanghai Powers decides to buy K-Electric

All is set to give K-Electric under the control of Shanghai Powers, Aaj News reported on Saturday. K-Electric will see another change of owner as Shanghai Powers is said to have decided to buy it.

Published 26 Jun, 2016 12:00am

Shanghai Powers decides to buy K-Electric

Shanghai Powers decides to buy K-Electric

All is set to give K-Electric under the control of Shanghai Powers, Aaj News reported on Saturday. K-Electric will see another change of owner as Shanghai Powers is said to have decided to buy it.

Published 26 Jun, 2016 12:00am

Shanghai Powers decides to buy K-Electric

Shanghai Powers decides to buy K-Electric

All is set to give K-Electric under the control of Shanghai Powers, Aaj News reported on Saturday. K-Electric will see another change of owner as Shanghai Powers is said to have decided to buy it.

Published 26 Jun, 2016 12:00am

Eight Indian soldiers die in convoy attack

Eight Indian soldiers die in convoy attack

At least eight Indian paramilitary soldiers and two suspected militants were killed Saturday near occupied Srinagar when a group of armed militants ambushed the soldiers' convoy, police said. Four militants sprayed bullets on the convoy carrying members o

Published 26 Jun, 2016 12:00am

Eight Indian soldiers die in convoy attack

Eight Indian soldiers die in convoy attack

At least eight Indian paramilitary soldiers and two suspected militants were killed Saturday near occupied Srinagar when a group of armed militants ambushed the soldiers' convoy, police said. Four militants sprayed bullets on the convoy carrying members o

Published 26 Jun, 2016 12:00am

Eid likely on July 6: Met office

Eid likely on July 6: Met office

Eid-ul-Fitr in Pakistan is likely to fall on July 6, the Director General of the Pakistan Meteorological Department said on Saturday. Speaking to a private TV channel, DG Met Dr Ghulam Rasool said that the moon is expected to appear on 29th of Ramazan. Th

Published 26 Jun, 2016 12:00am

Eid likely on July 6: Met office

Eid likely on July 6: Met office

Eid-ul-Fitr in Pakistan is likely to fall on July 6, the Director General of the Pakistan Meteorological Department said on Saturday. Speaking to a private TV channel, DG Met Dr Ghulam Rasool said that the moon is expected to appear on 29th of Ramazan. Th

Published 26 Jun, 2016 12:00am

US Senator praises NSG

US Senator praises NSG

A US Senator has praised the NSG for deciding against granting India membership of the grouping immediately, hours after the elite group's plenary meeting ended in Seoul with no decision on India's membership in face of strong China-led opposition.

Published 26 Jun, 2016 12:00am

US Senator praises NSG

US Senator praises NSG

A US Senator has praised the NSG for deciding against granting India membership of the grouping immediately, hours after the elite group's plenary meeting ended in Seoul with no decision on India's membership in face of strong China-led opposition.

Published 26 Jun, 2016 12:00am

India blames China for stalled NSG entry

India blames China for stalled NSG entry

India has blamed regional rival China for blocking its entry to a nuclear trade group opposed to the proliferation of nuclear weapons, after its members met in South Korea with no decision on India's bid to join. India wants to become a member of the 48-n

Published 26 Jun, 2016 12:00am

India blames China for stalled NSG entry

India blames China for stalled NSG entry

India has blamed regional rival China for blocking its entry to a nuclear trade group opposed to the proliferation of nuclear weapons, after its members met in South Korea with no decision on India's bid to join. India wants to become a member of the 48-n

Published 26 Jun, 2016 12:00am

KE seeks raise in tariff

KE seeks raise in tariff

K-Electric has submitted a Multi Year Tariff (MYT) petition with Nepra seeking an increase in tariff by 66 paisa per unit in the name of Operation and Maintenance (O&M) component for ten years commencing from July 1, 2016 to June 30, 2026. The total finan

Published 26 Jun, 2016 12:00am

KE seeks raise in tariff

KE seeks raise in tariff

K-Electric has submitted a Multi Year Tariff (MYT) petition with Nepra seeking an increase in tariff by 66 paisa per unit in the name of Operation and Maintenance (O&M) component for ten years commencing from July 1, 2016 to June 30, 2026. The total finan

Published 26 Jun, 2016 12:00am

KE seeks raise in tariff

KE seeks raise in tariff

K-Electric has submitted a Multi Year Tariff (MYT) petition with Nepra seeking an increase in tariff by 66 paisa per unit in the name of Operation and Maintenance (O&M) component for ten years commencing from July 1, 2016 to June 30, 2026. The total finan

Published 26 Jun, 2016 12:00am

Prime Minister, others: PPP to file reference tomorrow: Khosa

Prime Minister, others: PPP to file reference tomorrow: Khosa

Pakistan People's Party (PPP) is all set to file a reference with Election Commission of Pakistan (ECP) against Prime Minister Nawaz Sharif, Chief Minister Punjab Shahbaz Sharif, Finance Minister Ishaq Dar and the Prime Minister's son in law Captain Safda

Published 26 Jun, 2016 12:00am

Prime Minister, others: PPP to file reference tomorrow: Khosa

Prime Minister, others: PPP to file reference tomorrow: Khosa

Pakistan People's Party (PPP) is all set to file a reference with Election Commission of Pakistan (ECP) against Prime Minister Nawaz Sharif, Chief Minister Punjab Shahbaz Sharif, Finance Minister Ishaq Dar and the Prime Minister's son in law Captain Safda

Published 26 Jun, 2016 12:00am

PSM employees: salaries may be approved by ECC anytime soon

PSM employees: salaries may be approved by ECC anytime soon

Economic Co-ordination Committee (ECC) of the Cabinet is expected to approve two months'' salaries (February-March 2016) for the employees of Pakistan Steel Mills (PSM) within a couple of days. The future of Pakistan Steel Mills is still undecided as Sind

Published 26 Jun, 2016 12:00am

PSM employees: salaries may be approved by ECC anytime soon

PSM employees: salaries may be approved by ECC anytime soon

Economic Co-ordination Committee (ECC) of the Cabinet is expected to approve two months' salaries (February-March 2016) for the employees of Pakistan Steel Mills (PSM) within a couple of days. The future of Pakistan Steel Mills is still undecided as Sindh

Published 26 Jun, 2016 12:00am

PSM employees: salaries may be approved by ECC anytime soon

PSM employees: salaries may be approved by ECC anytime soon

Economic Co-ordination Committee (ECC) of the Cabinet is expected to approve two months' salaries (February-March 2016) for the employees of Pakistan Steel Mills (PSM) within a couple of days. The future of Pakistan Steel Mills is still undecided as Sindh

Published 26 Jun, 2016 12:00am

Dar to approve advanced metering projects for Discos

Dar to approve advanced metering projects for Discos

Finance Minister Ishaq Dar has convened a meeting of Executive Committee of National Economic Council (ECNEC) on Monday to approve advanced metering projects for distribution companies to deal with electricity theft. Sources said that the meeting would co

Published 26 Jun, 2016 12:00am

Dar to approve advanced metering projects for Discos

Dar to approve advanced metering projects for Discos

Finance Minister Ishaq Dar has convened a meeting of Executive Committee of National Economic Council (ECNEC) on Monday to approve advanced metering projects for distribution companies to deal with electricity theft. Sources said that the meeting would co

Published 26 Jun, 2016 12:00am

Dar to approve advanced metering projects for Discos

Dar to approve advanced metering projects for Discos

Finance Minister Ishaq Dar has convened a meeting of Executive Committee of National Economic Council (ECNEC) on Monday to approve advanced metering projects for distribution companies to deal with electricity theft. Sources said that the meeting would co

Published 26 Jun, 2016 12:00am

Privatisation proceeds: budgeted Rs 50 billion unlikely to be realised

Privatisation proceeds: budgeted Rs 50 billion unlikely to be realised

The budgeted Rs 50 billion from privatisation proceeds in 2016-17 are unlikely to be realised as the process for sale of ailing Public Sector Entities (PSEs) have been put on hold due to political opposition and widespread labour unrest, informed sources

Published 26 Jun, 2016 12:00am

Privatisation proceeds: budgeted Rs 50 billion unlikely to be realised

Privatisation proceeds: budgeted Rs 50 billion unlikely to be realised

The budgeted Rs 50 billion from privatisation proceeds in 2016-17 are unlikely to be realised as the process for sale of ailing Public Sector Entities (PSEs) have been put on hold due to political opposition and widespread labour unrest, informed sources

Published 26 Jun, 2016 12:00am

Privatisation proceeds: budgeted Rs 50 billion unlikely to be realised

Privatisation proceeds: budgeted Rs 50 billion unlikely to be realised

The budgeted Rs 50 billion from privatisation proceeds in 2016-17 are unlikely to be realised as the process for sale of ailing Public Sector Entities (PSEs) have been put on hold due to political opposition and widespread labour unrest, informed sources

Published 26 Jun, 2016 12:00am

China, Russia eye closer friendship amid tensions with West

China, Russia eye closer friendship amid tensions with West

Chinese President Xi Jinping and his Russian counterpart Vladimir Putin promised ever-closer co-operation and oversaw a series of deals Saturday, as the two countries deepen ties in the face of growing tensions with the West. In what was Putin's fourth tr

Published 26 Jun, 2016 12:00am

China, Russia eye closer friendship amid tensions with West

China, Russia eye closer friendship amid tensions with West

Chinese President Xi Jinping and his Russian counterpart Vladimir Putin promised ever-closer co-operation and oversaw a series of deals Saturday, as the two countries deepen ties in the face of growing tensions with the West. In what was Putin's fourth tr

Published 26 Jun, 2016 12:00am

Brokers must provide risk disclosure document to customers

Brokers must provide risk disclosure document to customers

A securities broker shall not commence business with a customer unless the broker provides the customer with a risk disclosure document explaining the risk of higher volatility, risk of lower liquidity; speculative trading and systemic risk, etc.

Published 26 Jun, 2016 12:00am

Brokers must provide risk disclosure document to customers

Brokers must provide risk disclosure document to customers

A securities broker shall not commence business with a customer unless the broker provides the customer with a risk disclosure document explaining the risk of higher volatility, risk of lower liquidity; speculative trading and systemic risk, etc.

Published 26 Jun, 2016 12:00am

Brokers must provide risk disclosure document to customers

Brokers must provide risk disclosure document to customers

A securities broker shall not commence business with a customer unless the broker provides the customer with a risk disclosure document explaining the risk of higher volatility, risk of lower liquidity; speculative trading and systemic risk, etc.

Published 26 Jun, 2016 12:00am

Non-listed companies: SMEs and key stakeholders support SECP initiative

Non-listed companies: SMEs and key stakeholders support SECP initiative

The small and medium enterprises (SMEs) owners and representatives of business chambers, consultants and other key stakeholders have supported the Securities and Exchange Commission of Pakistan''''s (SECP) initiative to issue a voluntary set of corporate

Published 26 Jun, 2016 12:00am

Non-listed companies: SMEs and key stakeholders support SECP initiative

Non-listed companies: SMEs and key stakeholders support SECP initiative

The small and medium enterprises (SMEs) owners and representatives of business chambers, consultants and other key stakeholders have supported the Securities and Exchange Commission of Pakistan''s (SECP) initiative to issue a voluntary set of corporate go

Published 26 Jun, 2016 12:00am

Non-listed companies: SMEs and key stakeholders support SECP initiative

Non-listed companies: SMEs and key stakeholders support SECP initiative

The small and medium enterprises (SMEs) owners and representatives of business chambers, consultants and other key stakeholders have supported the Securities and Exchange Commission of Pakistan's (SECP) initiative to issue a voluntary set of corporate gov

Published 26 Jun, 2016 12:00am

Non-listed companies: SMEs and key stakeholders support SECP initiative

Non-listed companies: SMEs and key stakeholders support SECP initiative

The small and medium enterprises (SMEs) owners and representatives of business chambers, consultants and other key stakeholders have supported the Securities and Exchange Commission of Pakistan's (SECP) initiative to issue a voluntary set of corporate gov

Published 26 Jun, 2016 12:00am

Saudi, UAE see little Brexit impact on their banks

Saudi, UAE see little Brexit impact on their banks

Financial authorities in Saudi Arabia and the United Arab Emirates on Saturday downplayed the impact of Britain''s vote to leave the European Union on their banks. Authorities in both countries, whose currencies are pegged to the US dollar, said they were

Published 26 Jun, 2016 12:00am

Saudi, UAE see little Brexit impact on their banks

Saudi, UAE see little Brexit impact on their banks

Financial authorities in Saudi Arabia and the United Arab Emirates on Saturday downplayed the impact of Britain's vote to leave the European Union on their banks. Authorities in both countries, whose currencies are pegged to the US dollar, said they were

Published 26 Jun, 2016 12:00am

Saudi, UAE see little Brexit impact on their banks

Saudi, UAE see little Brexit impact on their banks

Financial authorities in Saudi Arabia and the United Arab Emirates on Saturday downplayed the impact of Britain's vote to leave the European Union on their banks. Authorities in both countries, whose currencies are pegged to the US dollar, said they were

Published 26 Jun, 2016 12:00am

Belgian to head EU Brexit task force

Belgian to head EU Brexit task force

The EU said Saturday it had appointed Belgian Didier Seeuws, a longtime aide to former EU president Herman Van Rompuy, to head the bloc''s special task force to negotiate Britain''s exit. "I can confirm that... there is a task force which will handle all

Published 26 Jun, 2016 12:00am

Belgian to head EU Brexit task force

Belgian to head EU Brexit task force

The EU said Saturday it had appointed Belgian Didier Seeuws, a longtime aide to former EU president Herman Van Rompuy, to head the bloc's special task force to negotiate Britain's exit. "I can confirm that... there is a task force which will handle all ne

Published 26 Jun, 2016 12:00am

Belgian to head EU Brexit task force

Belgian to head EU Brexit task force

The EU said Saturday it had appointed Belgian Didier Seeuws, a longtime aide to former EU president Herman Van Rompuy, to head the bloc's special task force to negotiate Britain's exit. "I can confirm that... there is a task force which will handle all ne

Published 26 Jun, 2016 12:00am

Britain''''s EU commissioner steps down

Britain''''s EU commissioner steps down

Britain''''s European Commissioner Jonathan Hill announced Saturday that he will stand down following his country''''s decision to leave the EU, saying he was "very disappointed" but "what is done cannot be undone." EU Commission chief Jean-Claude Juncker

Published 26 Jun, 2016 12:00am

Britain''s EU commissioner steps down

Britain''s EU commissioner steps down

Britain''s European Commissioner Jonathan Hill announced Saturday that he will stand down following his country''s decision to leave the EU, saying he was "very disappointed" but "what is done cannot be undone." EU Commission chief Jean-Claude Juncker sai

Published 26 Jun, 2016 12:00am

Britain's EU commissioner steps down

Britain's EU commissioner steps down

Britain's European Commissioner Jonathan Hill announced Saturday that he will stand down following his country's decision to leave the EU, saying he was "very disappointed" but "what is done cannot be undone." EU Commission chief Jean-Claude Juncker said

Published 26 Jun, 2016 12:00am

Britain's EU commissioner steps down

Britain's EU commissioner steps down

Britain's European Commissioner Jonathan Hill announced Saturday that he will stand down following his country's decision to leave the EU, saying he was "very disappointed" but "what is done cannot be undone." EU Commission chief Jean-Claude Juncker said

Published 26 Jun, 2016 12:00am

Two million sign UK petition for second EU vote

Two million sign UK petition for second EU vote

More than two million people have signed a petition calling for a second referendum, after a shock vote to pull Britain out of the EU, an official website showed Saturday. The website of the parliamentary petition at one point crashed due to the surge of

Published 26 Jun, 2016 12:00am

Two million sign UK petition for second EU vote

Two million sign UK petition for second EU vote

More than two million people have signed a petition calling for a second referendum, after a shock vote to pull Britain out of the EU, an official website showed Saturday. The website of the parliamentary petition at one point crashed due to the surge of

Published 26 Jun, 2016 12:00am

Two million sign UK petition for second EU vote

Two million sign UK petition for second EU vote

More than two million people have signed a petition calling for a second referendum, after a shock vote to pull Britain out of the EU, an official website showed Saturday. The website of the parliamentary petition at one point crashed due to the surge of

Published 26 Jun, 2016 12:00am

Global markets lose $2.1 trillion in Brexit rout

Global markets lose $2.1 trillion in Brexit rout

Britain''s shock vote to pull out of the European Union wiped $2.1 trillion from global equity markets Friday as traders panicked in the face of a new threat to the global economy. Investors fled to the safety of gold, the yen and bluechip bonds as the se

Published 26 Jun, 2016 12:00am

Global markets lose $2.1 trillion in Brexit rout

Global markets lose $2.1 trillion in Brexit rout

Britain's shock vote to pull out of the European Union wiped $2.1 trillion from global equity markets Friday as traders panicked in the face of a new threat to the global economy. Investors fled to the safety of gold, the yen and bluechip bonds as the sei

Published 26 Jun, 2016 12:00am

Global markets lose $2.1 trillion in Brexit rout

Global markets lose $2.1 trillion in Brexit rout

Britain's shock vote to pull out of the European Union wiped $2.1 trillion from global equity markets Friday as traders panicked in the face of a new threat to the global economy. Investors fled to the safety of gold, the yen and bluechip bonds as the sei

Published 26 Jun, 2016 12:00am

Divided Britain: Europe demands quick divorce

Divided Britain: Europe demands quick divorce

European powers demanded a quick divorce Saturday as Britain''''s seismic vote to abandon the EU sparked bitter break-up rows at home and abroad. Britons had cast aside warnings of isolation and economic disaster to vote 52 percent-48 percent in favour of

Published 26 Jun, 2016 12:00am

Divided Britain: Europe demands quick divorce

Divided Britain: Europe demands quick divorce

European powers demanded a quick divorce Saturday as Britain''s seismic vote to abandon the EU sparked bitter break-up rows at home and abroad. Britons had cast aside warnings of isolation and economic disaster to vote 52 percent-48 percent in favour of q

Published 26 Jun, 2016 12:00am

Divided Britain: Europe demands quick divorce

Divided Britain: Europe demands quick divorce

European powers demanded a quick divorce Saturday as Britain's seismic vote to abandon the EU sparked bitter break-up rows at home and abroad. Britons had cast aside warnings of isolation and economic disaster to vote 52 percent-48 percent in favour of qu

Published 26 Jun, 2016 12:00am

The Weather

The Weather

The weather report on Saturday (June 25, 2016) and the forecast for Sunday (June 26, 2016).

Published 26 Jun, 2016 12:00am

Divided Britain: Europe demands quick divorce

Divided Britain: Europe demands quick divorce

European powers demanded a quick divorce Saturday as Britain's seismic vote to abandon the EU sparked bitter break-up rows at home and abroad. Britons had cast aside warnings of isolation and economic disaster to vote 52 percent-48 percent in favour of qu

Published 26 Jun, 2016 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (June 25, 2016).

Published 26 Jun, 2016 12:00am

Cowardly terrorist acts not to end government's resolve: Nisar

Cowardly terrorist acts not to end government's resolve: Nisar

Minister for Interior Chaudhry Nisar Ali Khan on Saturday said cowardly acts of terrorism could not end the resolve of government and intelligence agencies to root out the menace from the country. Talking to the media after attending a condolence referenc

Published 26 Jun, 2016 12:00am

Karachi Yarn Market Rate

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (June 25, 2016).

Published 26 Jun, 2016 12:00am

Karachi Yarn Market Rate

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (June 25, 2016).

Published 26 Jun, 2016 12:00am

Faisalabad yarn and fibre prices

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (June 25, 2016).

Published 26 Jun, 2016 12:00am

Faisalabad yarn and fibre prices

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (June 25, 2016).

Published 26 Jun, 2016 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (June 25, 2016)

Published 26 Jun, 2016 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (June 25, 2016).

Published 26 Jun, 2016 12:00am

Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 25, 2016).

Published 26 Jun, 2016 12:00am

Grain market rates

Cotton

Grain market rates

Karachi grain market rates in rupees on Saturday (June 25, 2016).

Published 26 Jun, 2016 12:00am

Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (June 25, 2016).

Published 26 Jun, 2016 12:00am

World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 25, 2016).

Published 26 Jun, 2016 12:00am

World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 25, 2016).

Published 26 Jun, 2016 12:00am

Kerb buying and selling rate of US dollar

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (June 25, 2016).

Published 26 Jun, 2016 12:00am

THE RUPEE: modest recovery

Currency

THE RUPEE: modest recovery

The rupee managed to recover modest ground against the dollar on the money market on Saturday in the process of trading, dealer said. The rupee gained 10 paisas in terms of the dollar for buying and selling at Rs 105.00 and Rs 105.20 respectively, they sa

Published 26 Jun, 2016 12:00am

THE RUPEE: modest recovery

Currency

THE RUPEE: modest recovery

The rupee managed to recover modest ground against the dollar on the money market on Saturday in the process of trading, dealer said. The rupee gained 10 paisas in terms of the dollar for buying and selling at Rs 105.00 and Rs 105.20 respectively, they sa

Published 26 Jun, 2016 12:00am

Cross Transactions between Client to Client & Financial Institutions

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Saturday (June 25, 2016).

Published 26 Jun, 2016 12:00am

Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (June 25, 2016).

Published 26 Jun, 2016 12:00am

Open market rates of foreign currencies

Currency

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (June 25, 2016).

Published 26 Jun, 2016 12:00am

Aaj TV - Sunday's schedule

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 26 Jun, 2016 12:00am

CBOT wheat futures lower

CBOT wheat futures lower

US wheat futures fell on Thursday, closing near session lows on weakness in the corn market as well as pressure from the ongoing harvest of what is expected to be a bumper US crop. Some short-covering and bargain buying kept losses in check. K.C. hard red

Published 26 Jun, 2016 12:00am

US Midwest corn, soya bids higher

US Midwest corn, soya bids higher

Corn and soyabean spot basis bids were steady to higher at US Midwest river terminals on Thursday, supported by slow farmer sales and good export demand for the crops, and as shipping costs stabilized on the waterways, grain merchants said.

Published 26 Jun, 2016 12:00am

Bangladesh tea prices rise

Bangladesh tea prices rise

Bangladesh tea prices rose for a sixth straight weekly auction on Tuesday on strong demand for quality leaf despite a higher volume on offer, brokers said. Bangladesh tea fetched an average of 248.26 taka ($2.7) per kg at the auction, the ninth of the new

Published 26 Jun, 2016 12:00am

Indian soyabean futures drop on monsoon progress

Cotton

Indian soyabean futures drop on monsoon progress

Indian soyabean futures dropped on Thursday on hopes of higher output as monsoon rains covered almost the entire country, narrowing the deficit since the season started on June 8. The July soyabean contract on the National Commodity & Derivatives Exchange

Published 26 Jun, 2016 12:00am

Lean business on grain market

Cotton

Lean business on grain market

A sluggish activity was seen on the wholesale grain market on Saturday in the process of trading, dealers said. On the cereals side, wheat Mexipak quoted at Rs 3240, other commodities held the week-end levels, they said. On the seeds side, cottonseeds oil

Published 26 Jun, 2016 12:00am

Asian naphtha extends losses

Asian naphtha extends losses

Asia's naphtha crack extended losses to touch its lowest in six sessions at $51.75 a tonne as heavy supplies dragged. South Korea's YNCC bought 50,000 to 75,000 tonnes of naphtha for first-half August delivery to Yeosu at a discount at levels around $3.50

Published 26 Jun, 2016 12:00am

US natural gas futures mostly steady

US natural gas futures mostly steady

US natural gas futures on Thursday held mostly steady as traders took profits after a four-week rally despite a slightly bigger-than-expected weekly storage build and forecasts for a little less hot weather over the next two weeks. After rising 27 percent

Published 26 Jun, 2016 12:00am

Rice export prices fall in India, Thailand on thin demand

Currency

Rice export prices fall in India, Thailand on thin demand

Rice export prices eased this week in India and Thailand on thin buying demand, while Vietnamese sellers raised quotations slightly as their grain quality improved, traders said on Wednesday. Supply from India, Thailand and Vietnam, the world's biggest ex

Published 26 Jun, 2016 12:00am

Oil cake market rates

Cotton

Oil cake market rates

The July vaida was down on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The July vaida settled at Rs 2050.60 on Thursday and it commenced with a 60 paisas fall at Rs 2050.00 in the wee hours, they added.

Published 26 Jun, 2016 12:00am

Cotton market: prices recover on selective buying by mills

Cotton

Cotton market: prices recover on selective buying by mills

Prices recovered on the cotton market on Saturday amid selective buying by mills and spinners, dealers said. The official spot rate recovered overnight losses by Rs 50 to Rs 5,600, dealers said. In both Sindh and Punjab prices of seed cotton were at Rs 32

Published 26 Jun, 2016 12:00am

US FOB Gulf corn offers higher on strong demand

Currency

US FOB Gulf corn offers higher on strong demand

Export premiums for corn shipped from the US Gulf Coast were steady to higher on Thursday, firming in tandem with rising CIF barge basis values on strong demand from overseas buyers, traders said. Some traders moved to the sidelines ahead of Britain's vot

Published 26 Jun, 2016 12:00am

Freight rates for large capesize dry cargo to remain firm

Freight rates for large capesize dry cargo to remain firm

Freight rates for large capesize dry cargo ships on key Asian routes may firm up next week on increased chartering activity, tighter tonnage supply and possible port disruption caused by bad weather in China, ship brokers said on Thursday. "The general co

Published 26 Jun, 2016 12:00am

European vegoils: palm oil slightly lower

European vegoils: palm oil slightly lower

Palm oil on the European vegetable oils market was offered slightly lower on Thursday in a mild correction from the day before, when sellers took some dollars protection during a public holiday in Malaysia. Palm oil was offered between $2.50 and $10 a ton

Published 26 Jun, 2016 12:00am

Russia starts grain harvesting with higher yields

Russia starts grain harvesting with higher yields

Russia has started grain harvesting in its southern regions with yields higher than at the same date a year ago, the Agriculture Ministry said in a statement. The major global wheat exporter is widely expected to harvest the second largest grain crop and

Published 26 Jun, 2016 12:00am

Indonesia's coffee premiums largely flat

Indonesia's coffee premiums largely flat

Coffee premiums in Indonesia were largely unchanged this week despite strong demand and the harvest picking up pace, while Vietnamese premiums eased slightly, traders said. However, prices in the world's third-largest robusta producer after Vietnam and Br

Published 26 Jun, 2016 12:00am

Brazil's food prices seen rising, pressuring overall inflation

Brazil's food prices seen rising, pressuring overall inflation

Poor crop weather across Brazil will keep food prices high, adding to overall inflation despite a sharp slowdown in mid-June, economists predicted on Tuesday. They said rising prices, in turn, will pressure the central bank's new board to delay monetary e

Published 26 Jun, 2016 12:00am

Euronext wheat futures extend losses

Euronext wheat futures extend losses

Euronext wheat futures extended losses on Thursday to approach contract lows as weakness in Chicago added to pressure from a rising euro and concerns that rain will affect the quality of the French harvest. Front-month September milling wheat on the Paris

Published 26 Jun, 2016 12:00am

Argentina raises 2015-16 soyabean crop forecast

Argentina raises 2015-16 soyabean crop forecast

Argentina increased its 2015-16 soyabean crop estimate to 58 million tonnes from a previous forecast of 57.6 million tonnes, citing a faster-than-expected recovery of areas thought to have been lost to floods caused by unusually hard April rains. "Very hi

Published 26 Jun, 2016 12:00am

Canadian canola futures slide

Canadian canola futures slide

ICE Canadian canola futures dropped on Thursday, extending their four-day slide on pressure from favorable warm Canadian crop conditions and technical selling. In Saskatchewan, 94 percent of oilseeds were at or ahead of their normal stage of development f

Published 26 Jun, 2016 12:00am

US Plains HRW wheat bids mixed

US Plains HRW wheat bids mixed

Spot basis bids for hard red winter (HRW) wheat were mixed in the southern US Plains on Thursday, firming in some locations as K.C. wheat futures fell to a 10-year low, dealers said. The basis firmed by 10 cents at Catoosa, Oklahoma. However, the basis we

Published 26 Jun, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	157.10
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.25
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 23	5,974.07
India Sensex / Dec 23	78,540.17
Tokyo Nikkei / Dec 23	39,055.35
Nasdaq / Dec 23	19,764.89
Hang Seng / Dec 23	20,105.38
FTSE 100 / Dec 23	8,102.72
Dow Jones / Dec 23	42,906.95
Germany DAX 30 / Dec 23	19,848.77

Item	Value
Crude Oil USD/Barrel / Dec 23	69.60
Karachi Cotton PKR/37.32 KG / Dec 23	17,785
Gold 10 Grams PKR / Dec 23	241,087.80
Gold Spot USD/Ounce / Dec 23	2,617.29
Cotton US¢/pound / Dec 23	69.11
Petrol/Litre / Dec 24	252.10

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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Resident Pakistanis in UAE, UK: Rental income, capital gain not taxable: ATIR DB

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