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Print - 2016-12-02
PVMA ends strike

PVMA ends strike

The Pakistan Vanaspati Manufacturers Association (PVMA) announced to end its ongoing strike after successful negotiations with the government representatives on Thursday. PVMA representatives led by its Chairman Izaz A Malik held talks with Punjab Food Mi
Published 02 Dec, 2016 12:00am
Bilawal blames Baloch politicians for cutting 'backdoor' deals with PM

Bilawal blames Baloch politicians for cutting 'backdoor' deals with PM

Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari on Thursday blamed a few Baloch politicians for striking backdoor deals with Prime Minister Nawaz Sharif to hide several key decisions from the Baloch people. He was addressing the PPP Balochis
Published 02 Dec, 2016 12:00am
Bilawal blames Baloch politicians for cutting 'backdoor' deals with PM

Bilawal blames Baloch politicians for cutting 'backdoor' deals with PM

Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari on Thursday blamed a few Baloch politicians for striking backdoor deals with Prime Minister Nawaz Sharif to hide several key decisions from the Baloch people. He was addressing the PPP Balochis
Published 02 Dec, 2016 12:00am
130,000 troops will be required for census: minister

130,000 troops will be required for census: minister

Federal Minister for Commerce Khurram Dastgir said on Thursday that services of around 130,000 army personnel will be required for conducting population census countrywide. Addressing a joint press conference along with Parliamentary Secretary for Informa
Published 02 Dec, 2016 12:00am
130,000 troops will be required for census: minister

130,000 troops will be required for census: minister

Federal Minister for Commerce Khurram Dastgir said on Thursday that services of around 130,000 army personnel will be required for conducting population census countrywide. Addressing a joint press conference along with Parliamentary Secretary for Informa
Published 02 Dec, 2016 12:00am
India to install smart fence at borders by late 2017

India to install smart fence at borders by late 2017

India will have a patrol-free, multi-layered smart fence along its borders with Pakistan and Bangladesh by the later part of 2017 even as 20 big global firms are undertaking a technical evaluation for the same, Director General of BSF KK Sharma said.
Published 02 Dec, 2016 12:00am
India to install smart fence at borders by late 2017

India to install smart fence at borders by late 2017

India will have a patrol-free, multi-layered smart fence along its borders with Pakistan and Bangladesh by the later part of 2017 even as 20 big global firms are undertaking a technical evaluation for the same, Director General of BSF KK Sharma said.
Published 02 Dec, 2016 12:00am
FO welcomes Trump's intention to visit Pakistan

FO welcomes Trump's intention to visit Pakistan

The Foreign Office Thursday said that US President-elect Donald Trump's intention to visit Pakistan as well as his willingness to play a role in resolving outstanding issues including Jammu and Kashmir dispute with India will be warmly welcomed.
Published 02 Dec, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (December 01, 2016).

Published 02 Dec, 2016 12:00am
FO welcomes Trump's intention to visit Pakistan

FO welcomes Trump's intention to visit Pakistan

The Foreign Office Thursday said that US President-elect Donald Trump's intention to visit Pakistan as well as his willingness to play a role in resolving outstanding issues including Jammu and Kashmir dispute with India will be warmly welcomed.
Published 02 Dec, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (December 01, 2016).

Published 02 Dec, 2016 12:00am
Growing India-Pakistan tension: trade regime not changed: Dastgir
Cotton

Growing India-Pakistan tension: trade regime not changed: Dastgir

Federal Minister for Commerce Khurram Dastgir Khan Thursday said that despite diplomatic tension between Pakistan and India trade regime has not been changed. "The government is working to make every input items, including machinery import, zero rated for
Published 02 Dec, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (December 01, 2016).

Published 02 Dec, 2016 12:00am
Growing India-Pakistan tension: trade regime not changed: Dastgir
Cotton

Growing India-Pakistan tension: trade regime not changed: Dastgir

Federal Minister for Commerce Khurram Dastgir Khan Thursday said that despite diplomatic tension between Pakistan and India trade regime has not been changed. "The government is working to make every input items, including machinery import, zero rated for
Published 02 Dec, 2016 12:00am
Growing India-Pakistan tension: trade regime not changed: Dastgir
Cotton

Growing India-Pakistan tension: trade regime not changed: Dastgir

Federal Minister for Commerce Khurram Dastgir Khan Thursday said that despite diplomatic tension between Pakistan and India trade regime has not been changed. "The government is working to make every input items, including machinery import, zero rated for
Published 02 Dec, 2016 12:00am
November inflation up 3.81 percent YoY

November inflation up 3.81 percent YoY

An increase of 3.81 percent in inflation during November 2016 as compared to the same month a year ago is owing to hike in prices of food items, according to Pakistan Bureau of Statistics (PBS) Briefing media here Thursday, Chief Statistician Asif Bajwa s
Published 02 Dec, 2016 12:00am
November inflation up 3.81 percent YoY

November inflation up 3.81 percent YoY

An increase of 3.81 percent in inflation during November 2016 as compared to the same month a year ago is owing to hike in prices of food items, according to Pakistan Bureau of Statistics (PBS) Briefing media here Thursday, Chief Statistician Asif Bajwa s
Published 02 Dec, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (December 01, 2016).

Published 02 Dec, 2016 12:00am
November inflation up 3.81 percent YoY

November inflation up 3.81 percent YoY

An increase of 3.81 percent in inflation during November 2016 as compared to the same month a year ago is owing to hike in prices of food items, according to Pakistan Bureau of Statistics (PBS) Briefing media here Thursday, Chief Statistician Asif Bajwa s
Published 02 Dec, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (December 01, 2016).

Published 02 Dec, 2016 12:00am
BRIndex30 gains 172.44 points

BRIndex30 gains 172.44 points

On Thursday, BRIndex30 opened at 24,288.64 points and remained positive throughout the trading session. It touched an intraday high of 24,719.22 points and an intraday low of 24,288.64 points and closed at 24,461.08 points which was 172.44 points or 0.71
Published 02 Dec, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (December 01, 2016).

Published 02 Dec, 2016 12:00am
BRIndex30 gains 172.44 points

BRIndex30 gains 172.44 points

On Thursday, BRIndex30 opened at 24,288.64 points and remained positive throughout the trading session. It touched an intraday high of 24,719.22 points and an intraday low of 24,288.64 points and closed at 24,461.08 points which was 172.44 points or 0.71
Published 02 Dec, 2016 12:00am
Stocks up on Opec deal

Stocks up on Opec deal

Pakistan Stock Exchange Thursday witnessed a healthy buying, mainly by local investors and institutions on the back of Opec decision to cut production and increasing oil prices in the international market. The benchmark KSE-100 index increased by 284.99 p
Published 02 Dec, 2016 12:00am
Stocks up on Opec deal

Stocks up on Opec deal

Pakistan Stock Exchange Thursday witnessed a healthy buying, mainly by local investors and institutions on the back of Opec decision to cut production and increasing oil prices in the international market. The benchmark KSE-100 index increased by 284.99 p
Published 02 Dec, 2016 12:00am
Stocks up on Opec deal

Stocks up on Opec deal

Pakistan Stock Exchange Thursday witnessed a healthy buying, mainly by local investors and institutions on the back of Opec decision to cut production and increasing oil prices in the international market. The benchmark KSE-100 index increased by 284.99 p
Published 02 Dec, 2016 12:00am
First Chinese cargo train leaves Kunming for Karachi

First Chinese cargo train leaves Kunming for Karachi

Pakistan and China embarked on their ambitious and effective project to link China''s south-western province Yunnan with Pakistan''s largest port in Karachi, on Wednesday. According to Chinese media, the first cargo train from Kunming, capital of Yunnan p
Published 02 Dec, 2016 12:00am
First Chinese cargo train leaves Kunming for Karachi

First Chinese cargo train leaves Kunming for Karachi

Pakistan and China embarked on their ambitious and effective project to link China's south-western province Yunnan with Pakistan's largest port in Karachi, on Wednesday. According to Chinese media, the first cargo train from Kunming, capital of Yunnan pro
Published 02 Dec, 2016 12:00am
First Chinese cargo train leaves Kunming for Karachi

First Chinese cargo train leaves Kunming for Karachi

Pakistan and China embarked on their ambitious and effective project to link China's south-western province Yunnan with Pakistan's largest port in Karachi, on Wednesday. According to Chinese media, the first cargo train from Kunming, capital of Yunnan pro
Published 02 Dec, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (December 01, 2016).

Published 02 Dec, 2016 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (December 01, 2016).
Published 02 Dec, 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 (December 01, 2016).

Published 02 Dec, 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 (December 01, 2016).

Published 02 Dec, 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 02 Dec, 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 02 Dec, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 02 Dec, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 02 Dec, 2016 12:00am
Message from Program Manager, EACP

Message from Program Manager, EACP

The global theme for World AIDS Day is 'hands up for HIV prevention' and the aim is to involve all segments of the society to play their role in prevention and control of HIV/AIDS. This year all major activities related to World AIDS Day will he carried o
Published 02 Dec, 2016 12:00am
Message from Secretary Health, Sindh

Message from Secretary Health, Sindh

It's an honor for the Health Department, Government of Sindh to contribute with international community on this auspicious occasion of World AIDS Day by demonstrating solidarity with people living with HIV/AIDS through positive actions and mobilization of
Published 02 Dec, 2016 12:00am
Message from Health Minister, Sindh

Message from Health Minister, Sindh

On this momentous occasion of World AIDS Day, Sindh Government pledges its full support to the global initiatives in fight against HIV/AIDS that has claimed millions of lives. The theme for WAD year 2016, "Hands up for HIV Prevention" demands from all sta
Published 02 Dec, 2016 12:00am
Message from Chief Minister of Sindh

Message from Chief Minister of Sindh

This year World AIDS Day will be celebrated in Larkana where thousands of people will join hands with Sindh Government in taking the fight against HIV/AIDS to the next level in ending stigma and discrimination to make Sindh AIDS free by year 2030, followi
Published 02 Dec, 2016 12:00am
Message from Governor Sindh

Message from Governor Sindh

I am pleased to know that Health Department, Government of Sindh is observing the World AIDS Day on December 01, 2016 with the aim to restore dignity, humanity, and compassion for all those people fighting this deadly disease along with eliminating stigma
Published 02 Dec, 2016 12:00am
The UAE: An introduction

The UAE: An introduction

The United Arab Emirates consists of seven emirates: Abu Dhabi, Dubai, Sharjah, Umm al-Qaiwain,Fujairah, Ajman and Ra's al-Khaimah. Four-fifths of the UAE is desert but has contrasting landscapes-from the towering red dunes of the Liwa to the rich palm-fi
Published 02 Dec, 2016 12:00am
PTCL and Etisalat building bonds of strength

PTCL and Etisalat building bonds of strength

PTCL extends its felicitations to the government and people of the UAE on their 45th National Day. It is a time to reiterate the spirit of friendship and amity that exists between the two brotherly Muslim countries and has grown in multi-directions over t
Published 02 Dec, 2016 12:00am
Bank Alfalah - The way forward
Currency

Bank Alfalah - The way forward

Bank Alfalah Limited is the fifth largest private bank in Pakistan. It is owned and operated by the Abu Dhabi Group. The bank currently operates through over 600 branches across Pakistan. Besides Pakistan, the bank also operates in Afghanistan, Bangladesh
Published 02 Dec, 2016 12:00am
Message from Ambassador of Pakistan to the UAE

Message from Ambassador of Pakistan to the UAE

On behalf of the Embassy of Pakistan in Abu Dhabi and the Pakistani community in the UAE, I wish to extend warm felicitations to the leadership and people of the United Arab Emirates on the auspicious occasion of the 45th National Day of the UAE. In the f
Published 02 Dec, 2016 12:00am
Message from Consul General of the UAE

Message from Consul General of the UAE

The UAE celebrates on December 2, 2016 the 45th National Day anniversary. On this day in 1971, we witnessed the unification of the Emirates that brought with it prosperity, stability, and security to the Emirati people. UAE National Day is a day of great
Published 02 Dec, 2016 12:00am
Vice President and Prime Minister of the UAE and Ruler of Dubai

Vice President and Prime Minister of the UAE and Ruler of Dubai

On January 4th, 2006, His Highness Sheikh Mohammed bin Rashid Al Maktoum became the Ruler of Dubai following the death of Sheikh Maktoum bin Rashid Al Maktoum. On January 5th, the members of the Supreme Council elected Sheikh Mohammed the Vice President o
Published 02 Dec, 2016 12:00am
President of the UAE and Ruler of Abu Dhabi

President of the UAE and Ruler of Abu Dhabi

HH Sheikh Khalifa bin Zayed Al Nahyan, Ruler of Abu Dhabi, was elected as the new President of the United Arab Emirates on 3 November 2004, to succeed his father, the late HH Sheikh Zayed bin Sultan Al Nahyan, UAE President from 1971 to 2004, from whom, h
Published 02 Dec, 2016 12:00am
His Highness Sheikh Zayed bin Sultan Al Nahyan

His Highness Sheikh Zayed bin Sultan Al Nahyan

The Founder In 1918, His Highness Sheikh Zayed bin Sultan Al Nahyan , may God bless his Soul, was born into the Al Nahyan family, who had ruled the emirate of Abu Dhabi for hundreds of years. He was the youngest of the four sons of Sheikh Sultan bi
Published 02 Dec, 2016 12:00am
Brazil's sugar industry sees no quick end to global shortage

Brazil's sugar industry sees no quick end to global shortage

Brazil is not expected to ease the global deficit in sugar next year as cane output from the world's largest exporter of the sweetener is only forecast to at best match this season's production numbers, leaders in the sector said on Monday.
Published 02 Dec, 2016 12:00am
European wheat futures extend losses

European wheat futures extend losses

European wheat futures extended losses on Tuesday to reach their lowest in around two weeks as a drop in grain and wider commodity markets added to bearish sentiment linked to large wheat supplies. Subdued activity on the French market, where grain handle
Published 02 Dec, 2016 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,028. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 8.03 billion and the number of lots traded was 26,498. Major business was contributed by c
Published 02 Dec, 2016 12:00am
US Plains HRW wheat bids unchanged

US Plains HRW wheat bids unchanged

Basis bids for hard red winter wheat (HRW) in the southern US Midwest were unchanged on Tuesday as fallen grain futures deterred farmer sales, dealers said. Ample domestic and global supplies, along with slumping Chicago Board of Trade corn and soybean co
Published 02 Dec, 2016 12:00am
Palm oil eases on European vegoils market

Palm oil eases on European vegoils market

Palm oil on the European vegetable oils market eased on Tuesday along with futures markets on technical selling after the recent gains made on concerns over production and availability in the coming months. Palm oil was offered between unchanged and $15 a
Published 02 Dec, 2016 12:00am
Activities of Karachi Port

Activities of Karachi Port

The Karachi Port handled 177,055 tonnes of cargo comprising 141,180 tonnes of import cargo and 35,875 tonnes of export cargo including 5,591 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 02 Dec, 2016 12:00am
Strong demand helps prices to stay firm
Cotton

Strong demand helps prices to stay firm

Mills renewed buying helped rates to keep firmness on the cotton market on Thursday in the process of trading, dealers said. The official spot rate was higher by Rs 50 to Rs 6300, dealers said. In Sindh, seed cotton prices were at Rs 2600-3300, they said
Published 02 Dec, 2016 12:00am
Bangladesh tea prices fall

Bangladesh tea prices fall

Tea prices in Bangladesh fell about 1 percent at the weekly auction on Tuesday due to higher supplies of inferior grade leaf, but strong demand for quality leaf capped a steeper decline. Bangladesh tea fetched an average of 186.82 taka ($2.50) per kg at t
Published 02 Dec, 2016 12:00am
Tightness prevails on cotton market
Cotton

Tightness prevails on cotton market

Prices of seed cotton (Kapas/Phutti) and lint are tightening as the current crop (August 2016/July 2017) supply is dwindling gradually and the ensuing cotton deliveries are likely to suffer quality problems increasingly. According to one estimate, about 1
Published 02 Dec, 2016 12:00am
Tightness prevails on cotton market
Cotton

Tightness prevails on cotton market

Prices of seed cotton (Kapas/Phutti) and lint are tightening as the current crop (August 2016/July 2017) supply is dwindling gradually and the ensuing cotton deliveries are likely to suffer quality problems increasingly. According to one estimate, about 1
Published 02 Dec, 2016 12:00am
US failing to curb money laundering by shell companies

US failing to curb money laundering by shell companies

The United States received failing scores for its efforts to prevent the laundering of criminal proceeds by shell companies, accountants and real estate agents, the Financial Action Task Force (FATF) said in a report released Thursday. Overall, the United
Published 02 Dec, 2016 12:00am
US car sales heat up in November

US car sales heat up in November

Deep discounts and extra selling days boosted US car sales in November, as Black Friday shopping helped reverse three months of year-over-year declines, automakers reported Thursday. GM, the biggest US carmaker, said sales surged 10.2 percent compared to
Published 02 Dec, 2016 12:00am
US factory activity at five-month high as orders pick up

US factory activity at five-month high as orders pick up

US factory activity accelerated to a five-month high in November amid a pickup in new orders and production, offering more evidence that the economy gained further momentum early in the fourth quarter. While other data on Thursday showed the number of Ame
Published 02 Dec, 2016 12:00am