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Print - 2016-10-07
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (October 06, 2016).

Published 07 Oct, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (October 06, 2016).

Published 07 Oct, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (October 06, 2016).

Published 07 Oct, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (October 06, 2016).

Published 07 Oct, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (October 06, 2016).

Published 07 Oct, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (October 06, 2016).

Published 07 Oct, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (October 06, 2016).

Published 07 Oct, 2016 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (October 06, 2016).
Published 07 Oct, 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 (October 06, 2016).

Published 07 Oct, 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 (October 06, 2016).

Published 07 Oct, 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 07 Oct, 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 07 Oct, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 07 Oct, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 07 Oct, 2016 12:00am
Institute of Cost & Management Accountants of Pakistan

Institute of Cost & Management Accountants of Pakistan

The Institute was established in 1951 with the name of 'Pakistan Institute of Industrial Accountants (PIIA) and later it was chartered by legislative Assembly of Pakistan vide Cost and Management Accountants Act, 1966. By virtue of the CMA Act, the Instit
Published 07 Oct, 2016 12:00am
Institute of Chartered Accountants of Pakistan

Institute of Chartered Accountants of Pakistan

Established through the enactment of the Chartered Accountants Ordinance, 1961 the Institute of Chartered Accountants of Pakistan (ICAP) is a professional body representing Chartered Accountants employed in public practice, business and industry.
Published 07 Oct, 2016 12:00am
Best Corporate and Sustainability Report AwardS - Chairman's Perspective

Best Corporate and Sustainability Report AwardS - Chairman's Perspective

The Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost & Management Accountants of Pakistan (ICMAP) have been awarding the Best Corporate Report (BCR) Awards for the last fifteen years. This award has been instrumental in enco
Published 07 Oct, 2016 12:00am
Message from Chairman, Joint Committee of ICAP & ICMA Pakistan

Message from Chairman, Joint Committee of ICAP & ICMA Pakistan

I am pleased that Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Cost and Management Accountants of Pakistan (ICMAP) are holding the ceremony of Best Corporate and Sustainability Report Awards 2015. These awards are playing a vital
Published 07 Oct, 2016 12:00am
Message from President ICMA Pakistan

Message from President ICMA Pakistan

The concepts of Sustainability is critical for the society and business henceforth accounting bodies need to play an effective role to implement GRI guidelines to gauge the sustainability development for all stakeholders. A robust sustainable reporting sy
Published 07 Oct, 2016 12:00am
Message from President ICAP

Message from President ICAP

On behalf of the Institute of Chartered Accountants of Pakistan, I wish to congratulate the winners of the BCSR awards and also those companies which have participated in the competition. Over the period, this competition has brought tremendous improvemen
Published 07 Oct, 2016 12:00am
Message from Chief Minister of Sindh

Message from Chief Minister of Sindh

I am pleased to know that the Institute of Chartered Accountants of Pakistan and the Institute of Cost and Management Accountants of Pakistan are regularly organizing Best Corporate & Sustainability Report Awards. These awards are greatly valued and are e
Published 07 Oct, 2016 12:00am
Message from President, Islamic Republic of Pakistan

Message from President, Islamic Republic of Pakistan

I am pleased to learn that the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP) have maintained the tradition of giving Best Corporate and Sustainability Report Awards.
Published 07 Oct, 2016 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

At Pakistan Mercantile Exchange Limited (PMEX), on Tuesday value traded was PKR 4.35 billion and the number of lots traded was 9,532. PMEX Commodity Index closed at 2,873. Major business was contributed by gold amounting to PKR 2.31 billion, followed by c
Published 07 Oct, 2016 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 107,921 tonnes of cargo comprising 58,496 tonnes of import cargo and 49,425 tonnes of export cargo including 4,605 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday The total import cargo of 58,
Published 07 Oct, 2016 12:00am
Mills' demand for fine quality still persists
Cotton

Mills' demand for fine quality still persists

A rising demand by mills persisted on the cotton market on Thursday in the process of trading activity, dealers said. The official spot rate was unchanged at Rs 6000, dealers said. In Sindh, seed cotton prices were at Rs 2900-3100 and in Punjab rates of P
Published 07 Oct, 2016 12:00am
Choppy trade witnessed on cotton market
Cotton

Choppy trade witnessed on cotton market

After battering the Bahamas, hurricane Matthews was heading towards Florida, Georgia and the Carolinas which are presently forecast to only damage the coastal areas, but traders were worried that it would destroy large parts of the south-east United State
Published 07 Oct, 2016 12:00am
Choppy trade witnessed on cotton market
Cotton

Choppy trade witnessed on cotton market

After battering the Bahamas, hurricane Matthews was heading towards Florida, Georgia and the Carolinas which are presently forecast to only damage the coastal areas, but traders were worried that it would destroy large parts of the south-east United State
Published 07 Oct, 2016 12:00am
Copper touches two-week low as dollar gains
Currency

Copper touches two-week low as dollar gains

Copper hit a two-week low on Thursday after jobless claims suggested further improvement in the US jobs market, increasing the chances of a Fed rate rise later this year and so boosting the dollar. Benchmark copper on the London Metal Exchange ended at $4
Published 07 Oct, 2016 12:00am
Oil hits four-month highs as Opec keeps talks of cuts in focus

Oil hits four-month highs as Opec keeps talks of cuts in focus

Oil rose more than 1 percent to four-month highs on Thursday, spurred by another informal Opec meeting on output cuts and plunging US crude inventories, with some saying the market has overshot itself with a near 15-percent gain in seven sessions. Saudi,
Published 07 Oct, 2016 12:00am
Rubber climbs

Rubber climbs

Benchmark Tokyo rubber futures extended gains for a fourth day on Thursday and hit their highest level in nearly five months, largely because of a weaker yen against the dollar. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber
Published 07 Oct, 2016 12:00am
Palm oil reverses course to see strongest gains
Currency

Palm oil reverses course to see strongest gains

Malaysian palm oil futures reversed losses to chart their strongest daily gains in nearly two weeks on Thursday evening, as a weaker ringgit supported prices. Palm however is down 3 percent so far this week, its sharpest weekly drop since early July. Benc
Published 07 Oct, 2016 12:00am
Raw sugar tumbles from 4-year peak on chart selling

Raw sugar tumbles from 4-year peak on chart selling

Raw sugar futures on ICE fell sharply from the highest level in more than four years on Thursday, creating a potentially bearish technical formation after chart-based selling heavily pressured prices amid broad-based weakness in commodities. Cocoa and cof
Published 07 Oct, 2016 12:00am
Gold little changed in New York

Gold little changed in New York

Gold was little changed as the dollar pared gains on Wednesday, after bullion inched down to the lowest in more than three months following the previous day's sharp sell-off and a technical break well below the key $1,300-an-ounce level. Spot silver and p
Published 07 Oct, 2016 12:00am
Gold slips in Asia

Gold slips in Asia

Gold prices slipped on Thursday as the dollar firmed and equities rose ahead of economic data that should bolster expectations of a US interest rate hike. Spot gold had dropped 0.2 percent to $1,264.30 an ounce by 0653 GMT. In the previous session, it tou
Published 07 Oct, 2016 12:00am
Gold hits lowest since June 24 in Europe

Gold hits lowest since June 24 in Europe

Gold slipped to a more than three-month low on Thursday, pressured by a stronger dollar after a fall in US weekly jobless claims and ahead of more jobs data that could put the Federal Reserve on track to raise interest rates by year-end. Initial claims fo
Published 07 Oct, 2016 12:00am
Corn and soyabeans drop

Corn and soyabeans drop

Chicago Board of Trade corn and soyabean futures fell on Thursday, pressured by the expanding harvest in the US Midwest as well as a forecast for a bumper crop in Brazil, traders said. Wheat futures eased on a profit-taking setback after rallying sharply
Published 07 Oct, 2016 12:00am
US MIDDAY: gold tumbles

US MIDDAY: gold tumbles

Gold fell for the eighth straight session early on Thursday, slipping to a four-month low, pressured by a stronger dollar after US weekly jobless claims fell and ahead of key data that could put the Federal Reserve on track to raise interest rates this ye
Published 07 Oct, 2016 12:00am
Eurozone banks tap ECB for dollars amid Deutsche Bank jitters

Eurozone banks tap ECB for dollars amid Deutsche Bank jitters

Eurozone banks borrowed $2.8 billion from the European Central Bank's emergency line on Wednesday, one of the biggest weekly take-ups since the financial crisis, as Deutsche Bank's woes and tighter US rules made market funding more difficult. The nine ban
Published 07 Oct, 2016 12:00am
Zimbabwe to tone down contentious investment law: Mugabe

Zimbabwe to tone down contentious investment law: Mugabe

Zimbabwean President Robert Mugabe on Thursday said he planned to tone down contentious "indigenisation" legislation which in its current form obliges foreign companies to hand over most of their shares to local investors. "The relevant act will be amende
Published 07 Oct, 2016 12:00am
Germany wins ECB collateral respite but debate far from over

Germany wins ECB collateral respite but debate far from over

German banks scored a major coup this week after the European Central Bank confirmed that their senior unsecured debt would remain eligible as collateral even after changes to insolvency rankings kick in from January 2017. The ECB's statement on Wednesday
Published 07 Oct, 2016 12:00am
World food prices rise to highest in 18 months

World food prices rise to highest in 18 months

World food prices rose in September to their highest since March 2015, led mainly by sugar, the United Nations food agency said on Thursday. Except for a small dip in July, the Food and Agriculture Organization's (FAO) food price index has been increasing
Published 07 Oct, 2016 12:00am
Airline industry agrees to carbon emissions cap

Airline industry agrees to carbon emissions cap

The airline industry agreed Thursday on a framework for reducing its carbon footprint at a UN meeting in Montreal, the first commercial sector on its own to tackle climate change. Six years of negotiations culminated in what International Civil Aviation O
Published 07 Oct, 2016 12:00am
World Bank cuts Uganda's GDP forecast, citing South Sudan

World Bank cuts Uganda's GDP forecast, citing South Sudan

The World Bank cut its 2016/2017 growth forecast for Uganda on Thursday to 5.5 percent from 5.9 percent, citing the impact of South Sudan's conflict on its exports and sluggish investments due to slower economic activity globally. South Sudan is one of Ug
Published 07 Oct, 2016 12:00am
Citi says 'time to buy' European banks

Citi says 'time to buy' European banks

Citi analysts upgraded their recommendation on Europe's beleaguered banks to "overweight" within regional portfolios, citing signs of improvement in the credit cycle and loan growth as well as cheap relative valuations. Citi acknowledged headwinds facing
Published 07 Oct, 2016 12:00am
Britain approves gas fracking at north England site

Britain approves gas fracking at north England site

Britain on Thursday approved a shale gas fracking project in the north of England, overruling a local council's decision to prevent the controversial scheme which is also opposed by environmentalists. Communities Secretary Sajid Javid gave the green light
Published 07 Oct, 2016 12:00am
Norway dips deeper into oil riches

Norway dips deeper into oil riches

Norway plans to spend a record amount of its oil riches next year - an election year - to stimulate its economy hit hard by oil price weakness, a budget bill presented Thursday showed. The right-wing government plans to use 225.6 billion kroner (25 billio
Published 07 Oct, 2016 12:00am
US jobless claims fall, point to labour market strength

US jobless claims fall, point to labour market strength

The number of Americans filing for unemployment benefits unexpectedly fell last week to near a 43-year low, an indication of firmness in the labour market which may support an interest rate increase by the US Federal Reserve this year. Initial claims for
Published 07 Oct, 2016 12:00am
Tanzania gets $1.6 billion World Bank package to fund economic revival

Tanzania gets $1.6 billion World Bank package to fund economic revival

Tanzania has secured $1.6 billion in loans and grants from the World Bank which it said it will use to help end chronic power shortages, rebuild its railways and develop its farming. East Africa's second-biggest economy is revamping its power generation a
Published 07 Oct, 2016 12:00am
UK's economic productivity finally returns to pre-crisis peak: ONS

UK's economic productivity finally returns to pre-crisis peak: ONS

Britain's economic productivity - the key driver of living standards - has finally clawed back the ground it lost during and after the financial crisis, but remains almost a fifth below where it might have been had the crisis never happened. Official figu
Published 07 Oct, 2016 12:00am
Banks, petchems boost Saudi shares, rest of Gulf weak

Banks, petchems boost Saudi shares, rest of Gulf weak

Saudi Arabia's stock market continued rebounding on Thursday, led by bank and petrochemical shares, but most markets in the region weakened. The Saudi index rose 0.8 percent, although trading volume shrank to a modest level, suggesting many investors were
Published 07 Oct, 2016 12:00am
Tokyo shares rise

Tokyo shares rise

Tokyo shares closed higher for a fourth straight session Thursday as a weaker yen boosted exporters while Fujitsu soared on reports it is considering merging its money-losing PC unit with China's Lenovo. The dollar rallied as investors viewed strong US da
Published 07 Oct, 2016 12:00am
Energy, bank stocks lead Wall Street higher

Energy, bank stocks lead Wall Street higher

Stocks on Wall Street rose Wednesday led by the energy sector as oil prices rallied and as financials gained on the increasing likelihood of an interest rate hike after strong economic data. Activity in the US services sector hit an 11-month high in Septe
Published 07 Oct, 2016 12:00am
Hong Kong shares climb

Hong Kong shares climb

Hong Kong stocks had solid gains on Thursday, boosted by buying of Chinese shares as some investors built positions ahead of next week's reopening of the China market. The benchmark Hang Seng Index rose 0.7 percent at 23,952.50 points and the China Enterp
Published 07 Oct, 2016 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Wednesday after data showing strong hiring in the services sector boosted hiring expectations for Friday's highly anticipated jobs report. The Institute of Supply Management (ISM) said on Wednesday that US services sector activi
Published 07 Oct, 2016 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Wednesday after data showing strong hiring in the services sector boosted hiring expectations for Friday's highly anticipated jobs report. The Institute of Supply Management (ISM) said on Wednesday that US services sector activi
Published 07 Oct, 2016 12:00am
Gilt sell-off, US data nudge German yields briefly above zero

Gilt sell-off, US data nudge German yields briefly above zero

Europe's benchmark German bond yield edged briefly back above zero on Thursday, reversing earlier falls, as a sell-off in the British government bond market spilled over into the euro area. Britain's 10-year gilt yield jumped almost 10 basis points to a t
Published 07 Oct, 2016 12:00am
Gilt sell-off, US data nudge German yields briefly above zero

Gilt sell-off, US data nudge German yields briefly above zero

Europe's benchmark German bond yield edged briefly back above zero on Thursday, reversing earlier falls, as a sell-off in the British government bond market spilled over into the euro area. Britain's 10-year gilt yield jumped almost 10 basis points to a t
Published 07 Oct, 2016 12:00am
Sri Lankan shares weakens

Sri Lankan shares weakens

Sri Lankan stocks ended lower for a second session on Thursday, on profit-taking in mainly bluechip consumer shares. The benchmark index of the Colombo Stock Exchange closed 0.19 percent down at 6,566.96. It hit a six-week high on Tuesday after gaining fo
Published 07 Oct, 2016 12:00am
Indian shares lower

Indian shares lower

Indian shares closed lower on Thursday as investors booked profits in cement stocks after a stellar rally this week and amid caution ahead of the US payrolls data, which is expected to give a better idea about the Federal Reserve's likely policy stance. T
Published 07 Oct, 2016 12:00am
European shares retreat as easyJet dives; banks outperform

European shares retreat as easyJet dives; banks outperform

European shares fell on Thursday after easyJet dropped to its lowest in more than three years, although the beaten-down banking sector rose for the third straight session. The STOXX 600 index fell 0.4 percent after opening in positive territory, extending
Published 07 Oct, 2016 12:00am
Australian shares gain; New Zealand stocks fall

Australian shares gain; New Zealand stocks fall

Australian shares recovered some ground on Thursday, tracking Wall Street and driven by financial stocks, after strong US economic data and sharp gains in oil prices hinted at a recovering global economy. The S&P/ASX 200 index perked up 30.07 points, or 0
Published 07 Oct, 2016 12:00am
Most Southeast Asian stocks higher

Most Southeast Asian stocks higher

Most Southeast Asian stock markets rose on Thursday, following stronger Asian peers, as sentiment was upbeat on encouraging economic data from the United States. Data released on Wednesday showed that activity in the world's largest economy's services sec
Published 07 Oct, 2016 12:00am
FTSE falters as easyJet slumps after profit warning
Currency

FTSE falters as easyJet slumps after profit warning

Britain's top shares index fell on Thursday, although it remained near record highs, with budget airline easyJet sliding lower after issuing a profit warning. The bluechip FTSE 100 index closed down 0.5 percent at 6,999.96 points - still near its record i
Published 07 Oct, 2016 12:00am
Dollar down against majors in Asia
Currency

Dollar down against majors in Asia

The dollar stuck to narrow ranges against its major rivals in Asian trade on Thursday, ahead of this week's nonfarm payrolls report that could reinforce expectations that the US Federal Reserve will hike interest rates by December. Beleaguered sterling sl
Published 07 Oct, 2016 12:00am
Dollar at four-week highs against yen in Europe
Currency

Dollar at four-week highs against yen in Europe

The dollar ground higher on Thursday, extending this week's four-week highs against the yen before a jobs report many expect to help seal the case for a rise in US interest rates in December. Rises in US Treasury yields over the past 10 days have been the
Published 07 Oct, 2016 12:00am
Early trade in New York: dollar index hits two-month high
Currency

Early trade in New York: dollar index hits two-month high

The dollar gained against a basket of currencies on Thursday, hitting its strongest level in two months as encouraging data on US jobs reinforced the view the Federal Reserve would raise interest rates at the end of the year. Sterling on the other hand fe
Published 07 Oct, 2016 12:00am
Dollar little changed, euro broadly jumps in NewYork
Currency

Dollar little changed, euro broadly jumps in NewYork

The dollar was little changed against a basket of currencies on Wednesday as encouraging data on the US services sector offset a weaker-than-expected report on private-sector job growth, while the euro was broadly higher in step with a rise in higher euro
Published 07 Oct, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 78.40-78.40 (previous 78.40-78.40).
Published 07 Oct, 2016 12:00am
Sri Lankan rupee down
Currency

Sri Lankan rupee down

The Sri Lankan rupee ended lower on Thursday due to importer dollar demand in the absence of central bank intervention, while seasonal demand from importers is expected to weigh on the local currency until the year-end, dealers said. The spot rupee ended
Published 07 Oct, 2016 12:00am
Asia FX step back before US jobs data

Asia FX step back before US jobs data

Most emerging Asian currencies pulled back on Thursday as traders took some money off the table as they wait on key US jobs data for clues on when the Federal Reserve might raise interest rates. The South Korean won ticked up slightly, outperforming regio
Published 07 Oct, 2016 12:00am
Sterling drops to 31-year low on 'hard Brexit', May angst
Currency

Sterling drops to 31-year low on 'hard Brexit', May angst

Sterling fell to a 31-year low on Thursday on fears of a "hard" exit by Britain from the European Union and Prime Minister Theresa May's comments on the impact of loose monetary policy, which some saw as a thinly veiled attack on the Bank of England. May,
Published 07 Oct, 2016 12:00am
Aussie, kiwi down

Aussie, kiwi down

The Australian dollar edged lower on Thursday as its US counterpart strengthened ahead of this week's jobs data, which could bolster expectations of a Federal Reserve rate hike this year. The Australian dollar slipped 0.1 percent to $0.7610. It looked set
Published 07 Oct, 2016 12:00am
Zhang stuns Halep to reach Beijing quarters, Kerber out

Zhang stuns Halep to reach Beijing quarters, Kerber out

Home favourite Zhang Shuai cruised past Simona Halep to book a quarter final place at the China Open on Thursday in rain-hit Beijing. Zhang overpowered fifth-ranked Halep in less than a hour, beating her 6-0, 6-3 to delight the home crowd in the Chinese c
Published 07 Oct, 2016 12:00am
War games in Bangladesh ahead of England battle

War games in Bangladesh ahead of England battle

Bangladeshi army commandos abseiled into the national stadium Thursday in a show of strength designed to reassure England's cricketers over their security on the eve of the opening ODI of their controversial tour. More than a dozen commandos scaled down r
Published 07 Oct, 2016 12:00am