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Print - 2016-09-16
Bank of England freezes rate awaiting Brexit fallout

Bank of England freezes rate awaiting Brexit fallout

The Bank of England said Thursday it was keeping its key interest rate at a record-low 0.25 percent, with no indication that the Brexit vote outcome was hurting the economy. The BoE said after a regular monetary policy meeting that it expected "less of a
Published 16 Sep, 2016 12:00am
French manufacturers invited to set up automobile plants

French manufacturers invited to set up automobile plants

Finance Minister, Senator Ishaq Dar invited leading French automobile manufacturers to set up their automobile manufacturing plants in Pakistan. Dar offered the invitation during his meeting with leading French automobile manufacturers, Renault and Peugeo
Published 16 Sep, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (September 15, 2016).

Published 16 Sep, 2016 12:00am
French manufacturers invited to set up automobile plants

French manufacturers invited to set up automobile plants

Finance Minister, Senator Ishaq Dar invited leading French automobile manufacturers to set up their automobile manufacturing plants in Pakistan. Dar offered the invitation during his meeting with leading French automobile manufacturers, Renault and Peugeo
Published 16 Sep, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (September 15, 2016).

Published 16 Sep, 2016 12:00am
French manufacturers invited to set up automobile plants

French manufacturers invited to set up automobile plants

Finance Minister, Senator Ishaq Dar invited leading French automobile manufacturers to set up their automobile manufacturing plants in Pakistan. Dar offered the invitation during his meeting with leading French automobile manufacturers, Renault and Peugeo
Published 16 Sep, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (September 15, 2016).

Published 16 Sep, 2016 12:00am
Pakistan, OECD ink convention on tax matters

Pakistan, OECD ink convention on tax matters

Pakistan became a signatory to the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters after signing the convention. Finance Minister Ishaq Dar and Secretary General of the Organisation for Economic Cooperation and Development
Published 16 Sep, 2016 12:00am
Pakistan, OECD ink convention on tax matters

Pakistan, OECD ink convention on tax matters

Pakistan became a signatory to the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters after signing the convention. Finance Minister Ishaq Dar and Secretary General of the Organisation for Economic Cooperation and Development
Published 16 Sep, 2016 12:00am
Pakistan, OECD ink convention on tax matters

Pakistan, OECD ink convention on tax matters

Pakistan became a signatory to the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters after signing the convention. Finance Minister Ishaq Dar and Secretary General of the Organisation for Economic Cooperation and Development
Published 16 Sep, 2016 12:00am
Pakistan, OECD ink convention on tax matters

Pakistan, OECD ink convention on tax matters

Pakistan became a signatory to the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters after signing the convention. Finance Minister Ishaq Dar and Secretary General of the Organisation for Economic Cooperation and Development
Published 16 Sep, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (September 15, 2016).

Published 16 Sep, 2016 12:00am
Dar says reforms paid dividends

Dar says reforms paid dividends

Finance Minister Senator Ishaq Dar has said Pakistan had introduced tough and deep-rooted financial fiscal and economic reforms that have paid dividends. Ishaq Dar stated this while addressing the participants of the forum of the foundation of strategic r
Published 16 Sep, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (September 15, 2016).

Published 16 Sep, 2016 12:00am
Dar says reforms paid dividends

Dar says reforms paid dividends

Finance Minister Senator Ishaq Dar has said Pakistan had introduced tough and deep-rooted financial fiscal and economic reforms that have paid dividends. Ishaq Dar stated this while addressing the participants of the forum of the foundation of strategic r
Published 16 Sep, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (September 15, 2016).

Published 16 Sep, 2016 12:00am
Dar says reforms paid dividends

Dar says reforms paid dividends

Finance Minister Senator Ishaq Dar has said Pakistan had introduced tough and deep-rooted financial fiscal and economic reforms that have paid dividends. Ishaq Dar stated this while addressing the participants of the forum of the foundation of strategic r
Published 16 Sep, 2016 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Thursday (September 15, 2016).

Published 16 Sep, 2016 12:00am
Brave policeman foils terrorist attack on Imambargah

Brave policeman foils terrorist attack on Imambargah

A suicide bomber injured four policemen, one critically, outside an Imambargah in Shikarpur in an attack claimed by the Pakistani Taliban as the country marked the beginning of Eidul-Azha on Tuesday. The incident occurred in Shikarpur, around 470 kilometr
Published 16 Sep, 2016 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Thursday (September 15, 2016).

Published 16 Sep, 2016 12:00am
Brave policeman foils terrorist attack on Imambargah

Brave policeman foils terrorist attack on Imambargah

A suicide bomber injured four policemen, one critically, outside an Imambargah in Shikarpur in an attack claimed by the Pakistani Taliban as the country marked the beginning of Eidul-Azha on Tuesday. The incident occurred in Shikarpur, around 470 kilometr
Published 16 Sep, 2016 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Thursday (September 15, 2016).

Published 16 Sep, 2016 12:00am
Four killed, over 100 injured as trains collide

Four killed, over 100 injured as trains collide

At least four people were killed and more than 100 injured when two trains collided at Buch 26km south-west of Multan early on Thursday, officials said. The accident occurred around 2:30am when the Karachi-bound Awami Express passenger train rammed into a
Published 16 Sep, 2016 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Thursday (September 15, 2016).

Published 16 Sep, 2016 12:00am
Four killed, over 100 injured as trains collide

Four killed, over 100 injured as trains collide

At least four people were killed and more than 100 injured when two trains collided at Buch 26km south-west of Multan early on Thursday, officials said. The accident occurred around 2:30am when the Karachi-bound Awami Express passenger train rammed into a
Published 16 Sep, 2016 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Thursday (September 15, 2016).

Published 16 Sep, 2016 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Thursday (September 15, 2016).

Published 16 Sep, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (September 15, 2016).

Published 16 Sep, 2016 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (September 15, 2016).
Published 16 Sep, 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 (September 15, 2016).

Published 16 Sep, 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 (September 15, 2016).

Published 16 Sep, 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 16 Sep, 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 16 Sep, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 16 Sep, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 16 Sep, 2016 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell on Tuesday to a nearly two-week low, pressured by weakness in soy prices ahead of a robust US soybean harvest. With soybeans declining, canola was overpriced compared to its rival oilseed, a trader said. November canola lo
Published 16 Sep, 2016 12:00am
Vietnamese coffee prices near 19-month high

Vietnamese coffee prices near 19-month high

Coffee trading in Vietnam, the world's largest robusta producer, improved slightly this week on rising prices amid thin overall stock, traders said on Tuesday. The November contract settled up $17, or 0.89 percent, at $1,926 per tonne on Monday. "As price
Published 16 Sep, 2016 12:00am
US Midwest corn, soya bids flat

US Midwest corn, soya bids flat

Corn and soyabean basis bids at US Midwest elevators and processors were mostly unchanged as futures prices for both grains slumped in anticipation for a record-large US fall harvest, merchants said. Chicago Board of Trade corn finished lower after the US
Published 16 Sep, 2016 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

At Pakistan Mercantile Exchange Limited (PMEX), on Wednesday value traded was PKR 4,149 million and the number of lots traded was 8,920. PMEX Commodity Index closed at 2,969. Major business was contributed by currencies through COTS PKR 2,033 million, fol
Published 16 Sep, 2016 12:00am
US FOB Gulf soyabean offers firmer

US FOB Gulf soyabean offers firmer

Export premiums for soyabeans shipped from the US Gulf Coast were steady to firmer on Tuesday as futures prices fell and CIF barge basis values for near term shipments jumped to fresh highs, traders said. Spot CIF soyabean barges traded at a 23-month high
Published 16 Sep, 2016 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 115,677 tonnes of cargo comprising 103,355 tonnes of import cargo and 12,322 tonnes of export cargo including 6,226 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Published 16 Sep, 2016 12:00am
Dullness prevails on post-holiday session
Cotton

Dullness prevails on post-holiday session

Listless business was seen on the cotton market on Thursday amid post-holiday session, dealers said. The official spot rate was unchanged at Rs 5,900, dealers said. In Sindh, seed cotton prices were at Rs 2800-3050 and in Punjab rates of Phutti were up by
Published 16 Sep, 2016 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Cash basis bids for hard red winter (HRW) wheat in the southern US Plains on Tuesday were steady as futures followed corn and soybean contracts lower ahead of record-large harvest outlook, merchandisers said. Winter wheat planting is underway in parts of
Published 16 Sep, 2016 12:00am
Low turnover on steady cotton market
Cotton

Low turnover on steady cotton market

Holiday mood still pervades on the cotton market after the recent celebration of the Eidul Azha festival. It appears that regular business will start mostly from early next week on our domestic cotton market. However, a few transactions that materialised
Published 16 Sep, 2016 12:00am
Low turnover on steady cotton market
Cotton

Low turnover on steady cotton market

Holiday mood still pervades on the cotton market after the recent celebration of the Eidul Azha festival. It appears that regular business will start mostly from early next week on our domestic cotton market. However, a few transactions that materialised
Published 16 Sep, 2016 12:00am
Cotton up as rain forecasts offset weak export sales data
Cotton

Cotton up as rain forecasts offset weak export sales data

ICE cotton bounced back from a near one percent drop initially to settle higher for the third straight session on Thursday as forecasts for rain in the cotton-belt areas of the United States offset poor export sales data. Weekly export sales report from t
Published 16 Sep, 2016 12:00am
Nickel touches three-month low as deficit hopes abate, copper rises

Nickel touches three-month low as deficit hopes abate, copper rises

Nickel slumped to the lowest in more than two months on Thursday after worries eased that an environmental crackdown in the Philippines would create shortages. Nickel is up about 12 percent this year, having hit a one-year peak in early August as authorit
Published 16 Sep, 2016 12:00am
Crude rises, gasoline spike amid pipeline outage

Crude rises, gasoline spike amid pipeline outage

Oil prices rose about 1 percent or more on Thursday after tracking a rally in gasoline futures sparked by a delayed restart of the main gasoline line at Colonial Pipeline, the No 1 carrier for the motor fuel in the United States. A run up in Wall Street s
Published 16 Sep, 2016 12:00am
Rubber up

Rubber up

Benchmark Tokyo rubber futures inched higher on Thursday, though gains were capped by a stronger yen and weak Japanese equities. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, held mostly steady. The
Published 16 Sep, 2016 12:00am
Palm oil soars
Currency

Palm oil soars

Malaysian palm oil futures rose on Thursday, reversing losses from the previous two sessions, as a weaker ringgit offset the impact of an increase in crude palm oil export tax. Malaysia raised its October crude palm oil export tax to 6.5 percent from 5 pe
Published 16 Sep, 2016 12:00am
ICE sugar rises on expiry gyrations, lower Brazilian output

ICE sugar rises on expiry gyrations, lower Brazilian output

Sugar futures rose on Thursday ahead of the October white sugar contract's expiry and as biweekly Brazil cane industry data showed lower production than some expected. Cocoa and arabica coffee on ICE Futures US were also higher. The October refined sugar
Published 16 Sep, 2016 12:00am
Gold surges in New York

Gold surges in New York

Gold prices rose on Wednesday, breaking a five-day decline as the dollar slipped against a basket of currencies, with the market waiting for clues on the timing of an increase in US interest rates. Spot gold was up 0.4 percent at $1,323.50 an ounce by 3:0
Published 16 Sep, 2016 12:00am
Gold slips in Asia

Gold slips in Asia

Gold prices slipped on Thursday after breaking a five-day losing streak in the previous session, as the dollar rose slightly and uncertain equity markets boosted the metal's safe-haven appeal ahead of the US Federal Reserve meeting next week. "While the m
Published 16 Sep, 2016 12:00am
Gold hits two-week low in European trade

Gold hits two-week low in European trade

Gold slipped to a two-week low on Thursday as the dollar edged upwards despite a mixed bag of US economic data ahead of next week's US Federal Reserve policy meeting. Spot gold fell as much as 1 percent to $1,309.25 an ounce and was down 0.7 percent at $1
Published 16 Sep, 2016 12:00am
Strategie Grains cuts EU wheat volume again

Strategie Grains cuts EU wheat volume again

Consultancy Strategie Grains on Thursday again cut its estimate of this year's soft wheat production in the European Union and also sharply lowered the expected share of milling-quality wheat due to weather damage. It put EU soft wheat production at 136.5
Published 16 Sep, 2016 12:00am
US MIDDAY: soyabeans up, wheat down

US MIDDAY: soyabeans up, wheat down

Chicago Board of Trade soyabean futures rose early on Thursday on fresh export demand and bargain-buying after a three-day slide in the benchmark November contract, traders said. Rally capped by the approaching harvest of a record-large US soyabean crop.
Published 16 Sep, 2016 12:00am
Copenhagen may be in a housing bubble

Copenhagen may be in a housing bubble

A housing bubble is looming in Copenhagen, inflated by Denmark's record-low interest rates, the central bank said on Wednesday. Prices on flats and smaller houses in Copenhagen are getting close to pre-financial crisis levels, it said. "Price increases in
Published 16 Sep, 2016 12:00am
Canadian home prices rise in August, up 11.4 percent on year

Canadian home prices rise in August, up 11.4 percent on year

Canadian home prices climbed in August, led by gains in the two hottest markets Vancouver and Toronto, where prices have more than doubled in just over 11 years, a home price index showed on Wednesday. Prices rose 1.5 percent last month from July, accordi
Published 16 Sep, 2016 12:00am
New Zealand posts wider-than-expected current account deficit in Q2

New Zealand posts wider-than-expected current account deficit in Q2

New Zealand posted a wider-than-expected current account deficit in the second quarter, official data showed Wednesday. The actual quarterly deficit in the three months to June totalled NZ$945 million ($684 million) compared with a surplus of NZ$1.18 bill
Published 16 Sep, 2016 12:00am
Inflation targeting credibility key for Russian central bank: Fitch

Inflation targeting credibility key for Russian central bank: Fitch

The key task of Russia's central bank is to enhance the credibility of its inflation targeting framework despite short-term risks to the country's growth, Fitch senior director Paul Gamble said on Wednesday. "And we think the central bank is doing this,"
Published 16 Sep, 2016 12:00am
China's new loans well above expectations on mortgage boom in August

China's new loans well above expectations on mortgage boom in August

China's bank lending in August more than doubled from the previous month, but analysts said much of the gain was due to strong mortgage demand, adding to evidence that Chinese companies are increasingly reluctant to make new investments. The figures, alon
Published 16 Sep, 2016 12:00am
China's new loans well above expectations on mortgage boom in August

China's new loans well above expectations on mortgage boom in August

China's bank lending in August more than doubled from the previous month, but analysts said much of the gain was due to strong mortgage demand, adding to evidence that Chinese companies are increasingly reluctant to make new investments. The figures, alon
Published 16 Sep, 2016 12:00am
BoJ to make negative rates centrepiece of future easing

BoJ to make negative rates centrepiece of future easing

The Bank of Japan will consider making negative interest rates the centrepiece of future monetary easing by shifting its prime policy target to interest rates from base money at its review next week, sources familiar with its thinking say. The change woul
Published 16 Sep, 2016 12:00am
Monte dei Paschi appoints new CEO

Monte dei Paschi appoints new CEO

Italy's Monte dei Paschi di Siena appointed Marco Morelli as its new chief executive on Wednesday, handing the 54-year-old banker the tough job of persuading investors to back a third cash call in as many years. Monte dei Paschi emerged as the weakest len
Published 16 Sep, 2016 12:00am
DiCaprio unveils free technology to spy on global fishing

DiCaprio unveils free technology to spy on global fishing

American movie star Leonardo DiCaprio unveils Thursday a new, free technology that allows users to spy on global fishing practices, in a bid to curb illegal activity in the oceans. The technology, known as Global Fishing Watch, was officially released to
Published 16 Sep, 2016 12:00am
Palestinian aid crucial for stability: World Bank

Palestinian aid crucial for stability: World Bank

The World Bank on Thursday said that international donor support is a must to maintain Palestinian budget-cutting achievements and stave off crisis. It said in a report that over the past 10 years the Palestinian Authority had slashed its deficit by an am
Published 16 Sep, 2016 12:00am
Indonesia, EU in historic deal on timber trade

Indonesia, EU in historic deal on timber trade

Indonesia will in November become the first country in the world to export wood products to the European Union meeting new environmental standards in a move aimed at bolstering transparency and curbing illicit logging. Officials from the European Union an
Published 16 Sep, 2016 12:00am
Australia employment unexpectedly contracts

Australia employment unexpectedly contracts

Australia's jobless rate hit a three-year low in August, yet employment still dipped in the month and the swelling numbers looking to work longer hours pointed to plenty of spare capacity in the labour market. Thursday's data from the Australian Bureau of
Published 16 Sep, 2016 12:00am
IMF approves $1 billion in Ukraine aid after long delay

IMF approves $1 billion in Ukraine aid after long delay

The International Monetary Fund on Wednesday resumed its bailout of war-torn Ukraine, approving disbursement of $1 billion from an aid package that had been held up in part on corruption concerns. Kiev had been waiting for the resumption of lending since
Published 16 Sep, 2016 12:00am
Taiwan slaps ban, fine on bank linked to Panama Papers

Taiwan slaps ban, fine on bank linked to Panama Papers

Taiwan regulators have ordered the removal of executives of a local bank linked to the Panama Papers scandal and barred it from opening overseas branches, saying not enough was done to prevent money laundering. Mega International Commercial Bank had alrea
Published 16 Sep, 2016 12:00am
Bayer sets $66 billion deal for Monsanto

Bayer sets $66 billion deal for Monsanto

German chemicals giant Bayer announced Wednesday a $66 billion deal to buy controversial US seeds and pesticides firm Monsanto, triggering immediate criticism from farmers and environmentalists. After a months-long pursuit, Bayer said its US peer had acce
Published 16 Sep, 2016 12:00am
Traders selling dangerously dirty fuel across Africa

Traders selling dangerously dirty fuel across Africa

European oil companies, especially Swiss commodity traders, are exploiting weak African fuel standards by selling toxic diesel and gasoline across the continent, a campaign group said Thursday. A three-year investigation published by Switzerland-based env
Published 16 Sep, 2016 12:00am
Zimbabwe to print substitute US dollars as cash runs out
Currency

Zimbabwe to print substitute US dollars as cash runs out

Zimbabwe said Thursday it will introduce next month "bond notes" equivalent to the US dollar, sparking fears of a return to the hyperinflation that wrecked the economy several years ago. The southern African nation, led by authoritarian President Robert M
Published 16 Sep, 2016 12:00am
Zimbabwe to print substitute US dollars as cash runs out
Currency

Zimbabwe to print substitute US dollars as cash runs out

Zimbabwe said Thursday it will introduce next month "bond notes" equivalent to the US dollar, sparking fears of a return to the hyperinflation that wrecked the economy several years ago. The southern African nation, led by authoritarian President Robert M
Published 16 Sep, 2016 12:00am
Household income posts record surge in 2015, poverty falls

Household income posts record surge in 2015, poverty falls

US household income posted a record increase in 2015 after years of stagnation, suggesting the recovery from the Great Recession was finally lifting ordinary citizens who had been largely left behind. The Census Bureau said on Tuesday that median househol
Published 16 Sep, 2016 12:00am
US retail sales, factory output slump; Q3 growth forecast cut

US retail sales, factory output slump; Q3 growth forecast cut

US retail sales fell more than expected in August amid weak purchases of automobiles and a range of other goods, pointing to cooling domestic demand that further diminishes expectations of a Federal Reserve interest rate increase next week. The economic g
Published 16 Sep, 2016 12:00am
UAE markets fall on oil, track global trend
Currency

UAE markets fall on oil, track global trend

Stock markets in the United Arab Emirates fell on Thursday as they reopened after the long Eidul-Azha holidays, while Egypt continued sliding amid more bad news about the economy. Brent crude oil fell about 3 percent for a second straight day on Wednesday
Published 16 Sep, 2016 12:00am
Tokyo stocks down, banks hit by rate talk

Tokyo stocks down, banks hit by rate talk

Tokyo shares fell more than one percent on Thursday, led by a sell-off in bank stocks following reports that Japan's central bank will consider slashing interest rates deeper into negative territory. The losses on the Nikkei index followed another retreat
Published 16 Sep, 2016 12:00am