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Print - 2016-08-19
Nandipur produces power at cost of Rs 7.25 per unit

Nandipur produces power at cost of Rs 7.25 per unit

A parliamentary panel on Thursday was informed that Nandipur Power Project has produced electricity at a cost of Rs 7.25 per unit. Secretary Water and Power Younus Dagha admitted before the Public Accounts Committee (PAC) that the dual fuel Nandipur Power
Published 19 Aug, 2016 12:00am
Nandipur produces power at cost of Rs 7.25 per unit

Nandipur produces power at cost of Rs 7.25 per unit

A parliamentary panel on Thursday was informed that Nandipur Power Project has produced electricity at a cost of Rs 7.25 per unit. Secretary Water and Power Younus Dagha admitted before the Public Accounts Committee (PAC) that the dual fuel Nandipur Power
Published 19 Aug, 2016 12:00am
Nandipur produces power at cost of Rs 7.25 per unit

Nandipur produces power at cost of Rs 7.25 per unit

A parliamentary panel on Thursday was informed that Nandipur Power Project has produced electricity at a cost of Rs 7.25 per unit. Secretary Water and Power Younus Dagha admitted before the Public Accounts Committee (PAC) that the dual fuel Nandipur Power
Published 19 Aug, 2016 12:00am
Sale of imported urea approved by ECC

Sale of imported urea approved by ECC

Economic Coordination Committee (ECC) of the Cabinet on Thursday approved the sale of imported urea available at the National Fertiliser Marketing Limited (NFML) at Rs 1310 per 50 kg bag on the recommendations of Finance Ministry. Presided over by the Fin
Published 19 Aug, 2016 12:00am
Sale of imported urea approved by ECC

Sale of imported urea approved by ECC

Economic Coordination Committee (ECC) of the Cabinet on Thursday approved the sale of imported urea available at the National Fertiliser Marketing Limited (NFML) at Rs 1310 per 50kg bag on the recommendations of Finance Ministry. Presided over by the Fina
Published 19 Aug, 2016 12:00am
Sale of imported urea approved by ECC

Sale of imported urea approved by ECC

Economic Coordination Committee (ECC) of the Cabinet on Thursday approved the sale of imported urea available at the National Fertiliser Marketing Limited (NFML) at Rs 1310 per 50 kg bag on the recommendations of Finance Ministry. Presided over by the Fin
Published 19 Aug, 2016 12:00am
Corridor energised, Cabinet told

Corridor energised, Cabinet told

The Federal Cabinet, which met here on Thursday, was informed that a considerable part of portfolio under the China Pakistan Economic Corridor (CPEC) has been energised while the remaining is in the pipeline. The Prime Minister directed timely completion
Published 19 Aug, 2016 12:00am
Corridor energised, Cabinet told

Corridor energised, Cabinet told

The Federal Cabinet, which met here on Thursday, was informed that a considerable part of portfolio under the China Pakistan Economic Corridor (CPEC) has been energised while the remaining is in the pipeline. The Prime Minister directed timely completion
Published 19 Aug, 2016 12:00am
Corridor energised, Cabinet told

Corridor energised, Cabinet told

The Federal Cabinet, which met here on Thursday, was informed that a considerable part of portfolio under the China Pakistan Economic Corridor (CPEC) has been energised while the remaining is in the pipeline. The Prime Minister directed timely completion
Published 19 Aug, 2016 12:00am
Input tax adjustments: FBR, SRB evolve consensus on revised figures

Input tax adjustments: FBR, SRB evolve consensus on revised figures

The Federal Board of Revenue (FBR) and Sindh Revenue Board (SRB) have developed consensus to submit revised figures of input tax adjustments for data matching so that a mutually agreed figures be finalised on payments of adjusted amounts by both the sides
Published 19 Aug, 2016 12:00am
Input tax adjustments: FBR, SRB evolve consensus on revised figures

Input tax adjustments: FBR, SRB evolve consensus on revised figures

The Federal Board of Revenue (FBR) and Sindh Revenue Board (SRB) have developed consensus to submit revised figures of input tax adjustments for data matching so that a mutually agreed figures be finalised on payments of adjusted amounts by both the sides
Published 19 Aug, 2016 12:00am
Input tax adjustments: FBR, SRB evolve consensus on revised figures

Input tax adjustments: FBR, SRB evolve consensus on revised figures

The Federal Board of Revenue (FBR) and Sindh Revenue Board (SRB) have developed consensus to submit revised figures of input tax adjustments for data matching so that a mutually agreed figures be finalised on payments of adjusted amounts by both the sides
Published 19 Aug, 2016 12:00am
BRIndex30 falls 114.04 points

BRIndex30 falls 114.04 points

On Thursday, BRIndex30 opened at 23,536.92 points. It touched an intraday high of 23,655.10 points and an intraday low of 23,390.02 points and closed at 23,422.88 points which was -114.04 points or -0.48 percent lower than previous close. Total volume was
Published 19 Aug, 2016 12:00am
BRIndex30 falls 114.04 points

BRIndex30 falls 114.04 points

On Thursday, BRIndex30 opened at 23,536.92 points. It touched an intraday high of 23,655.10 points and an intraday low of 23,390.02 points and closed at 23,422.88 points which was -114.04 points or -0.48 percent lower than previous close. Total volume was
Published 19 Aug, 2016 12:00am
Equities retreat

Equities retreat

Bears had a field day Thursday on the volatile share market where the KSE-100 index shed 286 points to close at 39,771 points. The benchmark index moved both ways to hit the intraday high and low of 40,214 and 39,742 points. Trading turnover remained almo
Published 19 Aug, 2016 12:00am
Equities retreat

Equities retreat

Bears had a field day Thursday on the volatile share market where the KSE-100 index shed 286 points to close at 39,771 points. The benchmark index moved both ways to hit the intraday high and low of 40,214 and 39,742 points. Trading turnover remained almo
Published 19 Aug, 2016 12:00am
Equities retreat

Equities retreat

Bears had a field day Thursday on the volatile share market where the KSE-100 index shed 286 points to close at 39,771 points. The benchmark index moved both ways to hit the intraday high and low of 40,214 and 39,742 points. Trading turnover remained almo
Published 19 Aug, 2016 12:00am
Indian soldiers raid village in IHK, one dead

Indian soldiers raid village in IHK, one dead

Soldiers raided a village in restive Indian-held Kashmir overnight in an attempt to quash ongoing protests, leaving one civilian dead and dozens injured, police and witnesses said Thursday. Villagers said soldiers from a nearby Indian army camp ransacked
Published 19 Aug, 2016 12:00am
Indian soldiers raid village in IHK, one dead

Indian soldiers raid village in IHK, one dead

Soldiers raided a village in restive Indian-held Kashmir overnight in an attempt to quash ongoing protests, leaving one civilian dead and dozens injured, police and witnesses said Thursday. Villagers said soldiers from a nearby Indian army camp ransacked
Published 19 Aug, 2016 12:00am
Kashmir dispute: Norway wants to play role of mediator

Kashmir dispute: Norway wants to play role of mediator

The Foreign Minister of Norway Borge Brende on Thursday shied away from making a categorical statement against Indian atrocities in Kashmir, saying he is more interested in playing the role of a mediator. Speaking at a joint press conference along with Ad
Published 19 Aug, 2016 12:00am
Kashmir dispute: Norway wants to play role of mediator

Kashmir dispute: Norway wants to play role of mediator

The Foreign Minister of Norway Borge Brende on Thursday shied away from making a categorical statement against Indian atrocities in Kashmir, saying he is more interested in playing the role of a mediator. Speaking at a joint press conference along with Ad
Published 19 Aug, 2016 12:00am
Kashmir and Balochistan: There can be no comparison: Zehri

Kashmir and Balochistan: There can be no comparison: Zehri

Balochistan Chief Minister Sanaullah Zehri addressing a rally in Quetta on Thursday slammed Indian premier Narendra Modi's controversial claim that the Baloch people had thanked him for his support of the "so-called insurgency" in the province. "We condem
Published 19 Aug, 2016 12:00am
Kashmir and Balochistan: There can be no comparison: Zehri

Kashmir and Balochistan: There can be no comparison: Zehri

Balochistan Chief Minister Sanaullah Zehri addressing a rally in Quetta on Thursday slammed Indian premier Narendra Modi's controversial claim that the Baloch people had thanked him for his support of the "so-called insurgency" in the province. "We condem
Published 19 Aug, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (August 18, 2016).

Published 19 Aug, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (August 18, 2016).

Published 19 Aug, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (August 18, 2016).

Published 19 Aug, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (August 18, 2016).

Published 19 Aug, 2016 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (August 18, 2016).
Published 19 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 Thursday (August 18, 2016).

Published 19 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 Thursday (August 18, 2016).

Published 19 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 19 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 19 Aug, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 19 Aug, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 19 Aug, 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 5,749 million and the number of lots traded was 12,918. PMEX Commodity Index closed at 3,046. Major business was contributed by gold PKR 2,779 million, followed by currencies throu
Published 19 Aug, 2016 12:00am
Bangladesh tea prices rise

Bangladesh tea prices rise

Tea prices in Bangladesh rose for a third straight week at the weekly auction on Tuesday, on strong demand for quality leaf despite a higher volume on offer. Bangladesh tea fetched an average of 225.69 taka ($2.8) per kg at the auction, the 16th of the ne
Published 19 Aug, 2016 12:00am
Brazil cuts winter corn crop forecast

Brazil cuts winter corn crop forecast

Brazil's government cut its 2016 winter corn crop forecast by 1.1 percent to 42.59 million tonnes on Tuesday from 43.05 million tonnes in July as evidence of drought continues to weigh on the final harvest numbers. In its 11th forecast of the season, crop
Published 19 Aug, 2016 12:00am
CBOT wheat futures firmer

CBOT wheat futures firmer

Chicago Board of Trade soft red winter wheat futures firmed on Tuesday as weakness in the dollar sparked a mild short-covering bounce, traders said. A falling dollar makes US commodities a safe haven for investors looking for a hedge against inflation. Bu
Published 19 Aug, 2016 12:00am
European vegoils prices mostly lower

European vegoils prices mostly lower

Prices on Europe's vegetable oils market were mostly lower on Tuesday, slipping back after the recent strong advance. Some dealers said the run-up in prices had been overdone and the modest decline mirrored a similar trend in Malaysian palm oil futures. E
Published 19 Aug, 2016 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 114,207 tonnes of cargo comprising 90,589 tonnes of import cargo and 23,618 tonnes of export cargo including 5,902 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday The total import cargo of 90,
Published 19 Aug, 2016 12:00am
Prices firm on limited supply of Phutti
Cotton

Prices firm on limited supply of Phutti

A steady trend prevailed on the cotton market on Wednesday as mills indulged in forward buying ahead of Eid-ul-Azha, dealers said. The official spot rate was unchanged at Rs 6,500, dealers said. In Sindh, seed cotton prices gained Rs 50 to Rs 3200-3400, i
Published 19 Aug, 2016 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Cash basis bids for hard red winter wheat were unchanged in the southern US Plains on Tuesday as supplies remained ample in the wake of the harvest, grain merchants said. Protein premiums for wheat shipped to and through Kansas City were also flat. K.C. S
Published 19 Aug, 2016 12:00am
Steady tone seen on cotton market
Cotton

Steady tone seen on cotton market

Arrivals of current crop cotton (August 2016 / July 2017) are increasing steadily. Reports indicate that the quality of both seed cotton (Kapas/Phutti) and lint cotton has also improved. There is also talk of marginally higher yields per hectare for curre
Published 19 Aug, 2016 12:00am
Steady tone seen on cotton market
Cotton

Steady tone seen on cotton market

Arrivals of current crop cotton (August 2016 / July 2017) are increasing steadily. Reports indicate that the quality of both seed cotton (Kapas/Phutti) and lint cotton has also improved. There is also talk of marginally higher yields per hectare for curre
Published 19 Aug, 2016 12:00am
Thailand raises investment target in wake of referendum

Thailand raises investment target in wake of referendum

Thailand has raised its target for investment pledges this year to $15.9 billion, officials said on Thursday, hoping that sentiment improved after Thais voted to accept a new military-backed constitution that paves the way for an election in 2017. Having
Published 19 Aug, 2016 12:00am
Mongolian Olympians left unpaid as country wrestles with crisis
Currency

Mongolian Olympians left unpaid as country wrestles with crisis

As mostly sports-mad Mongolians cheer on the country's two medalists at the Rio Olympic Games, deepening economic troubles at home mean the new government cannot afford to pay its athletes. Four years ago, Mongolia was riding high on world-beating 12.3 pe
Published 19 Aug, 2016 12:00am
Deutsche Boerse boosts majority for LSE tie-up

Deutsche Boerse boosts majority for LSE tie-up

Shareholders in German stock exchange operator Deutsche Boerse have accepted the firm's planned merger with the London Stock Exchange by a large majority, the company said in a statement Wednesday. Deutsche Boerse said investors holding 89 percent of its
Published 19 Aug, 2016 12:00am
Chile economy shrinks in second quarter

Chile economy shrinks in second quarter

Chile's gross domestic product shrunk by 0.4 percent in the second quarter of 2016 from the first quarter, as mining in the world's biggest copper exporter contracted, the central bank said on Thursday. The fall was the first contraction from one quarter
Published 19 Aug, 2016 12:00am
Russia halts sale of stake in Bashneft oil firm

Russia halts sale of stake in Bashneft oil firm

The Russian government has unexpectedly halted the sale of its stake in oil producer Bashneft planned as part of a privatisation drive to shore up dwindling financial reserves, reports said Wednesday. The decision to postpone the sale indefinitely, report
Published 19 Aug, 2016 12:00am
Philippine food giant buys Australian snack maker

Philippine food giant buys Australian snack maker

Philippine food giant Universal Robina Corp said Wednesday it would buy Snack Brands Australia for US $460 million, the latest big deal in a global shopping spree by Filipino firms reflecting the nation's economic rise. URC said it had sealed an agreement
Published 19 Aug, 2016 12:00am
ECB stresses 'readiness to act' in face of Brexit headwinds
Currency

ECB stresses 'readiness to act' in face of Brexit headwinds

European Central Bank policymakers warned of "new headwinds" for the eurozone following Britain's vote to quit the EU, according to minutes of their July meeting released on Thursday. "Downside risks had clearly increased," in the wake of Brexit, noted th
Published 19 Aug, 2016 12:00am
Canada's new child benefit set to boost back-to-school shopping

Canada's new child benefit set to boost back-to-school shopping

Canada's newly revamped cash handout to families ahead of the start of a fresh school year could spur retail sales during a period of weak economic growth and high consumer debt. The Canada Child Benefit gives eligible families an annual benefit of up to
Published 19 Aug, 2016 12:00am
Cisco cuts 5,500 jobs as profit climbs

Cisco cuts 5,500 jobs as profit climbs

Cisco Systems on Wednesday announced plans to cut seven percent of its global workforce as it shifts its focus from networking hardware to software and services. The plan to eliminate 5,500 positions came as earnings reports showed Cisco's profit for the
Published 19 Aug, 2016 12:00am
Cisco cuts 5,500 jobs as profit climbs

Cisco cuts 5,500 jobs as profit climbs

Cisco Systems on Wednesday announced plans to cut seven percent of its global workforce as it shifts its focus from networking hardware to software and services. The plan to eliminate 5,500 positions came as earnings reports showed Cisco's profit for the
Published 19 Aug, 2016 12:00am
French joblessness below 10 percent for first time in four years

French joblessness below 10 percent for first time in four years

France's unemployment rate dropped below 10 percent for the first time since 2012, statistics bureau Insee said Thursday, eight months before presidential elections in which job creation is expected to be a key issue. Socialist President Francois Hollande
Published 19 Aug, 2016 12:00am