Print - 2016-08-11
Enemy can't digest CPEC: Prime Minister

Enemy can't digest CPEC: Prime Minister

Prime Minister Nawaz Sharif on Wednesday said in the National Assembly that the nation remains united in the war against terrorism and this would help root out terrorism from the country. Giving a policy statement in the Lower House following the Quetta c
Published 11 Aug, 2016 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 127,174 tonnes of cargo comprising 93,059 tonnes of import cargo and 34,115 tonnes of export cargo including 6,971 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday The total import cargo of 93
Published 11 Aug, 2016 12:00am
Russian wheat export prices rise

Russian wheat export prices rise

Russian wheat export prices rose last week on concerns over the weather-hit harvest in the Western Europe, Russia's main rival to supply North Africa and the Middle East, analysts said on Monday. Russia's Agriculture Ministry expects the country to harves
Published 11 Aug, 2016 12:00am
European vegoils: palm oil prices rise

European vegoils: palm oil prices rise

Palm oil prices in Europe were higher on Tuesday, extending their recent advance, boosted by tightening supplies and gains in rival vegetable oils. Crude palm oil offers were raised by $7.50 and $15.00 a tonne while asking prices for products also increas
Published 11 Aug, 2016 12:00am
US FOB Gulf soyabean offers firm on strong demand

US FOB Gulf soyabean offers firm on strong demand

Soyabean export premiums for shipments from the US Gulf Coast firmed on Tuesday on strong demand from top importer China, which has steadily booked US purchases for the past two weeks, traders said. Importers in China are seeking mostly new-crop shipments
Published 11 Aug, 2016 12:00am
HRW wheat bids steady

HRW wheat bids steady

Spot basis bids for hard red winter wheat in the southern US Plains were steady on Monday as farmers tracked weaker futures prices, merchandisers said. Grain investors at the Chicago Board of Trade are exercising caution while awaiting the US Department o
Published 11 Aug, 2016 12:00am
US natural gas futures slide five percent as heat moderates

US natural gas futures slide five percent as heat moderates

US natural gas futures on Tuesday lost 5 percent, falling to their lowest level in almost eight weeks, on forecasts for less hot weather, allowing storage builds to increase as air conditioning use eases. Traders also noted prices have been mostly declini
Published 11 Aug, 2016 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Tuesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 4,605 million and the number of lots traded was 11,473. PMEX Commodity Index closed at 2,987. Major business was contributed by currencies through COTS amounting to PKR 1,844 million
Published 11 Aug, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 11 Aug, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 11 Aug, 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 11 Aug, 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 11 Aug, 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 Wednesday (August 10, 2016).

Published 11 Aug, 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 Wednesday (August 10, 2016).

Published 11 Aug, 2016 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (August 10, 2016).
Published 11 Aug, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (August 10, 2016).

Published 11 Aug, 2016 12:00am
Combing operation kicks off in Quetta

Combing operation kicks off in Quetta

A sweeping combing operation has been launched in Quetta and suburban areas to track down terrorists after massive bombing in the city's Civil Hospital that left over 71 people dead, according to Aaj News. According to Inter-Services Public Relations (ISP
Published 11 Aug, 2016 12:00am
Combing operation kicks off in Quetta

Combing operation kicks off in Quetta

A sweeping combing operation has been launched in Quetta and suburban areas to track down terrorists after massive bombing in the city's Civil Hospital that left over 71 people dead, according to Aaj News. According to Inter-Services Public Relations (ISP
Published 11 Aug, 2016 12:00am
Turkey warns EU it is making 'serious mistakes'

Turkey warns EU it is making 'serious mistakes'

Turkey said on Wednesday the European Union was fuelled by anti-Turkish sentiment and hostility to President Tayyip Erdogan and was making grave mistakes in its response to a failed coup which was costing it the trust of ordinary Turks. Erdogan and many T
Published 11 Aug, 2016 12:00am
Turkey warns EU it is making 'serious mistakes'

Turkey warns EU it is making 'serious mistakes'

Turkey said on Wednesday the European Union was fuelled by anti-Turkish sentiment and hostility to President Tayyip Erdogan and was making grave mistakes in its response to a failed coup which was costing it the trust of ordinary Turks. Erdogan and many T
Published 11 Aug, 2016 12:00am
Stocks climb to fresh top

Stocks climb to fresh top

Stocks climbed to the highest level of 39,806 points Wednesday. The bluechips in banking, cement and auto sectors led the bull-run. The KSE-100 index rallied to intraday high of 39,862 before settling at the record high, adding 142 points or 0.36 percent
Published 11 Aug, 2016 12:00am
Stocks climb to fresh top

Stocks climb to fresh top

Stocks climbed to the highest level of 39,806 points Wednesday. The bluechips in banking, cement and auto sectors led the bull-run. The KSE-100 index rallied to intraday high of 39,862 before settling at the record high, adding 142 points or 0.36 percent
Published 11 Aug, 2016 12:00am
Stocks climb to fresh top

Stocks climb to fresh top

Stocks climbed to the highest level of 39,806 points Wednesday. The bluechips in banking, cement and auto sectors led the bull-run. The KSE-100 index rallied to intraday high of 39,862 before settling at the record high, adding 142 points or 0.36 percent
Published 11 Aug, 2016 12:00am
BRIndex30 up 47.63 points

BRIndex30 up 47.63 points

On Wednesday, BRIndex30 opened at 23,394.89 points and remained positive throughout the trading session. It touched an intraday high of 23,530.05 points and an intraday low of 23,395.63 points and closed at 23,442.52 points which was 47.63 points or 0.2 p
Published 11 Aug, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 11 Aug, 2016 12:00am
BRIndex30 up 47.63 points

BRIndex30 up 47.63 points

On Wednesday, BRIndex30 opened at 23,394.89 points and remained positive throughout the trading session. It touched an intraday high of 23,530.05 points and an intraday low of 23,395.63 points and closed at 23,442.52 points which was 47.63 points or 0.2 p
Published 11 Aug, 2016 12:00am
Offshore companies: FBR identifies 440 persons

Offshore companies: FBR identifies 440 persons

The Federal Board of Revenue has identified 440 persons linked with different offshore companies and it is obtaining information and documentary evidence about the investment or income of the offshore companies of the Pakistani residents. Parliamentary Se
Published 11 Aug, 2016 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 11 Aug, 2016 12:00am
Offshore companies: FBR identifies 440 persons

Offshore companies: FBR identifies 440 persons

The Federal Board of Revenue has identified 440 persons linked with different offshore companies and it is obtaining information and documentary evidence about the investment or income of the offshore companies of the Pakistani residents. Parliamentary Se
Published 11 Aug, 2016 12:00am
Offshore companies: FBR identifies 440 persons

Offshore companies: FBR identifies 440 persons

The Federal Board of Revenue has identified 440 persons linked with different offshore companies and it is obtaining information and documentary evidence about the investment or income of the offshore companies of the Pakistani residents. Parliamentary Se
Published 11 Aug, 2016 12:00am
Where is much-touted industrial policy?

Where is much-touted industrial policy?

Ministry of Industries and Production (MoI&P) has "dumped" the country's long-awaited Industrial Policy due to a lack of interest and frequent changes in top bureaucracy, it is learnt. The sources said former Minister for Industries and Production, Jahang
Published 11 Aug, 2016 12:00am
Where is much-touted industrial policy?

Where is much-touted industrial policy?

Ministry of Industries and Production (MoI&P) has "dumped" the country's long-awaited Industrial Policy due to a lack of interest and frequent changes in top bureaucracy, it is learnt. The sources said former Minister for Industries and Production, Jahang
Published 11 Aug, 2016 12:00am
Where is much-touted industrial policy?

Where is much-touted industrial policy?

Ministry of Industries and Production (MoI&P) has "dumped" the country''s long-awaited Industrial Policy due to a lack of interest and frequent changes in top bureaucracy, it is learnt. The sources said former Minister for Industries and Production, Jahan
Published 11 Aug, 2016 12:00am
Enemy can't digest CPEC: Prime Minister

Enemy can't digest CPEC: Prime Minister

Prime Minister Nawaz Sharif on Wednesday said in the National Assembly that the nation remains united in the war against terrorism and this would help root out terrorism from the country. Giving a policy statement in the Lower House following the Quetta c
Published 11 Aug, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (August 10, 2016).

Published 11 Aug, 2016 12:00am
Gold, palladium and platinum surge in Europe
Currency

Gold, palladium and platinum surge in Europe

Palladium and platinum rose sharply on Wednesday as bets on lower prices were reversed in thin conditions after the metal broke above key chart levels, while gold rose as weak US data weighed on the dollar. Palladium surged overnight in Asia, hitting 14-m
Published 11 Aug, 2016 12:00am
Half-year profit of ABL posts 17 percent growth

Half-year profit of ABL posts 17 percent growth

Profit After Tax of Allied Bank Limited (ABL) registered a growth of 17% and reached Rs 8,601 million for the half year ended June 30, 2016, as compared to Rs 7,356 million in the corresponding period of last year. Super-tax imposed during 2015 at 4% on 2
Published 11 Aug, 2016 12:00am
Bangladesh opposition leader gets bail in nine new cases

Bangladesh opposition leader gets bail in nine new cases

Embattled Bangladesh opposition leader Khaleda Zia was granted bail on Wednesday after she appeared in court on a string of new charges over a deadly transport blockade, a prosecutor said. Hundreds of her supporters gathered outside the metropolitan sessi
Published 11 Aug, 2016 12:00am
Bangladesh opposition leader gets bail in nine new cases

Bangladesh opposition leader gets bail in nine new cases

Embattled Bangladesh opposition leader Khaleda Zia was granted bail on Wednesday after she appeared in court on a string of new charges over a deadly transport blockade, a prosecutor said. Hundreds of her supporters gathered outside the metropolitan sessi
Published 11 Aug, 2016 12:00am
US decries IS 'genocide'

US decries IS 'genocide'

The United States on Wednesday denounced the "genocide" carried out by the Islamic State group against Christians, Shias and Yazidis, as the State Department unveiled its somber annual report on religious freedom around the world. In its comprehensive loo
Published 11 Aug, 2016 12:00am
US decries IS 'genocide'

US decries IS 'genocide'

The United States on Wednesday denounced the "genocide" carried out by the Islamic State group against Christians, Shias and Yazidis, as the State Department unveiled its somber annual report on religious freedom around the world. In its comprehensive loo
Published 11 Aug, 2016 12:00am
CSF reimbursement

CSF reimbursement

The news that Pakistan will not be able to receive $300 million from the Coalition Support Fund (CSF) because it is not taking sufficient action against the Haqqani network has been received in the country with a degree of disdain and discomfort. Accordin
Published 11 Aug, 2016 12:00am
Confronting climate change

Confronting climate change

In this monsoon season torrential rains have once again been playing havoc with public life. So far, flashfloods in the northern region have claimed at least 43 lives, and washed away homes in scores of villages. During the heavy downpours in Karachi-some
Published 11 Aug, 2016 12:00am
VIEW POINT: After the Quetta carnage

VIEW POINT: After the Quetta carnage

The terrorist strike at Quetta's civil hospital that left over 70 people dead, 55 of them lawyers and two TV cameramen, and wounding at least 100 others two of whom later succumbed to their injures in hospital, has cast a pall of gloom over the entire nat
Published 11 Aug, 2016 12:00am
Fraud in sharp business practices
Currency

Fraud in sharp business practices

This paper examines the issue of criminalization of business dealings known as sharp business practices and brings out the issues involved, the existing precedents on the subject and future directions. It has generally been held that for to establish crim
Published 11 Aug, 2016 12:00am
Down but not out: fears ease over China's weaker yuan
Currency

Down but not out: fears ease over China's weaker yuan

A year ago on Thursday Chinese authorities stunned global markets by devaluing their yuan currency, raising fears the world's second-largest economy was worse off than thought - but investors are now more sanguine about a weaker "redback". The normally st
Published 11 Aug, 2016 12:00am
'Modi calls for end to IHK violence'

'Modi calls for end to IHK violence'

This is apropos a Business Recorder news item "Modi calls for end to IHK violence" carried by the newspaper on Wednesday. According to it, India's Prime Minister Narendra Modi has called for an end to the violence in Indian held Kashmir, promising
Published 11 Aug, 2016 12:00am
Cotton futures slide in follow-through selling
Cotton

Cotton futures slide in follow-through selling

ICE cotton futures fell to their lowest in nearly a month on Wednesday as speculators liquidated long positions in follow through selling after the natural fibre market traded limit down on Tuesday, ahead of the release of reports from the US government t
Published 11 Aug, 2016 12:00am
US MIDDAY: palladium surges; gold shines

US MIDDAY: palladium surges; gold shines

Palladium and platinum rose sharply early on Wednesday as bets on lower prices were reversed in thin conditions after the metal broke above key chart levels, while gold rose as weak US data weighed on the dollar. Palladium surged overnight in Asia, hittin
Published 11 Aug, 2016 12:00am
US MIDDAY: soyabeans fall

US MIDDAY: soyabeans fall

US soyabean futures fell on Wednesday, pressured by favourable crop weather and profit-taking after a five-session advance that was driven by resurgent export demand, analysts said. Corn futures firmed, gaining against soya ahead of a key US government cr
Published 11 Aug, 2016 12:00am
Philippines leader calls US envoy 'gay' prompting summons

Philippines leader calls US envoy 'gay' prompting summons

The Philippines' firebrand President Rodrigo Duterte has sparked a fresh diplomatic row with his colourful language, calling the US ambassador "gay" in comments that prompted Washington to summon Manila's envoy to complain. In the latest of series of tira
Published 11 Aug, 2016 12:00am
Shanghai copper flat, zinc up

Shanghai copper flat, zinc up

Shanghai Futures Exchange zinc rose 2.1 percent by the close while Shanghai copper finished flat on Wednesday as the dollar eased and risk appetite focused on zinc, which has rallied on bets a shortage of mine supply will curb output of refined metal. In
Published 11 Aug, 2016 12:00am
UN fails to condemn North Korea after China draws link to THAAD

UN fails to condemn North Korea after China draws link to THAAD

The UN Security Council failed to agree Tuesday on a statement condemning North Korea's launch of a missile that landed near Japan after China sought to include language opposing the US missile defence system in South Korea. The United States had circulat
Published 11 Aug, 2016 12:00am
12 newborns dead in Baghdad hospital blaze

12 newborns dead in Baghdad hospital blaze

A fire tore through the maternity ward of one of Baghdad's largest hospitals Wednesday, killing at least 12 premature babies, medical and security officials said. Jassem Lateef al-Hijami, from the Baghdad health directorate, told reporters only seven babi
Published 11 Aug, 2016 12:00am
China city 'suspends' Sino-French nuclear project after protests

China city 'suspends' Sino-French nuclear project after protests

A Chinese city said Wednesday it would halt preparations for a possible Sino-French nuclear project after thousands of locals protested against it over the weekend, the latest official concession following environmental demonstrations. After days of prote
Published 11 Aug, 2016 12:00am
Militants hijacking charity funds for attacks

Militants hijacking charity funds for attacks

Charities that send financial aid to trouble spots sometimes have the funds "hijacked" by militant groups to carry out attacks, an international counter-terrorism meeting was warned Wednesday. A report by Indonesian and Australian authorities detailed the
Published 11 Aug, 2016 12:00am
British billionaire Duke of Westminster dies

British billionaire Duke of Westminster dies

British billionaire Gerald Cavendish Grosvenor, one of the world's richest people, died on Tuesday according to his estate. The 64-year-old Duke of Westminster died at a hospital in Lancashire, north-west England, a spokeswoman for his estate said. He had
Published 11 Aug, 2016 12:00am