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Print - 2017-01-13
AECB minutes reveal discord over bond-buying extension
Currency

AECB minutes reveal discord over bond-buying extension

Several European Central Bank governors were against any extension of the institution''s mass bond-buying programme as inflation picked up in the eurozone, minutes of a December meeting showed Thursday. At his regular press conference following that Decem
Published 13 Jan, 2017 12:00am
AECB minutes reveal discord over bond-buying extension
Currency

AECB minutes reveal discord over bond-buying extension

Several European Central Bank governors were against any extension of the institution's mass bond-buying programme as inflation picked up in the eurozone, minutes of a December meeting showed Thursday. At his regular press conference following that Decemb
Published 13 Jan, 2017 12:00am
AECB minutes reveal discord over bond-buying extension
Currency

AECB minutes reveal discord over bond-buying extension

Several European Central Bank governors were against any extension of the institution's mass bond-buying programme as inflation picked up in the eurozone, minutes of a December meeting showed Thursday. At his regular press conference following that Decemb
Published 13 Jan, 2017 12:00am
Cost of NJ project may shoot up further

Cost of NJ project may shoot up further

The Economic Co-ordination Committee (ECC) of the Cabinet was informed that Rs 404 billion cost of Neelum-Jhelum Hydropower Project is expected to increase further on account of price adjustment, exchange loss and interest. Sources said that a proposal wa
Published 13 Jan, 2017 12:00am
Cost of NJ project may shoot up further

Cost of NJ project may shoot up further

The Economic Co-ordination Committee (ECC) of the Cabinet was informed that Rs 404 billion cost of Neelum-Jhelum Hydropower Project is expected to increase further on account of price adjustment, exchange loss and interest. Sources said that a proposal wa
Published 13 Jan, 2017 12:00am
Cost of NJ project may shoot up further

Cost of NJ project may shoot up further

The Economic Co-ordination Committee (ECC) of the Cabinet was informed that Rs 404 billion cost of Neelum-Jhelum Hydropower Project is expected to increase further on account of price adjustment, exchange loss and interest. Sources said that a proposal wa
Published 13 Jan, 2017 12:00am
Erdogan equates lira fall to ''terrorism''
Currency

Erdogan equates lira fall to ''terrorism''

President Recep Tayyip Erdogan on Thursday blamed a conspiracy aimed at weakening Turkey for the recent plunge in value of the lira, saying those who worked to pressure the currency were no different from a "terrorist". The lira has plunged to record lows
Published 13 Jan, 2017 12:00am
Erdogan equates lira fall to 'terrorism'
Currency

Erdogan equates lira fall to 'terrorism'

President Recep Tayyip Erdogan on Thursday blamed a conspiracy aimed at weakening Turkey for the recent plunge in value of the lira, saying those who worked to pressure the currency were no different from a "terrorist". The lira has plunged to record lows
Published 13 Jan, 2017 12:00am
Erdogan equates lira fall to 'terrorism'
Currency

Erdogan equates lira fall to 'terrorism'

President Recep Tayyip Erdogan on Thursday blamed a conspiracy aimed at weakening Turkey for the recent plunge in value of the lira, saying those who worked to pressure the currency were no different from a "terrorist". The lira has plunged to record lows
Published 13 Jan, 2017 12:00am
RLNG-fired projects: ministry withdraws summary on sell-off

RLNG-fired projects: ministry withdraws summary on sell-off

Ministry of Water and Power has withdrawn its summary from the Economic Co-ordination Committee (ECC) of the Cabinet on privatisation of imported RLNG- fired power projects being established in Punjab in public sector, well -informed sources told Busin
Published 13 Jan, 2017 12:00am
RLNG-fired projects: ministry withdraws summary on sell-off

RLNG-fired projects: ministry withdraws summary on sell-off

Ministry of Water and Power has withdrawn its summary from the Economic Co-ordination Committee (ECC) of the Cabinet on privatisation of imported RLNG- fired power projects being established in Punjab in public sector, well -informed sources told Busin
Published 13 Jan, 2017 12:00am
RLNG-fired projects: ministry withdraws summary on sell-off

RLNG-fired projects: ministry withdraws summary on sell-off

Ministry of Water and Power has withdrawn its summary from the Economic Co-ordination Committee (ECC) of the Cabinet on privatisation of imported RLNG- fired power projects being established in Punjab in public sector, well -informed sources told Busin
Published 13 Jan, 2017 12:00am
PM's counsel quizzed about money trail

PM's counsel quizzed about money trail

A five-member bench of Supreme Court hearing the Panamagate case, quizzed the Prime Minister's counsel about a money trail in relation to the London flats and asked to prove there were no inconsistencies in the PM's speech in the National Assembly and his
Published 13 Jan, 2017 12:00am
PM's counsel quizzed about money trail

PM's counsel quizzed about money trail

A five-member bench of Supreme Court hearing the Panamagate case, quizzed the Prime Minister's counsel about a money trail in relation to the London flats and asked to prove there were no inconsistencies in the PM's speech in the National Assembly and his
Published 13 Jan, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (January 12, 2017).

Published 13 Jan, 2017 12:00am
Dawn Leaks: officers question CoAS

Dawn Leaks: officers question CoAS

Officers of Pakistan Army have complained to Chief of the Army Staff (COAS), General Qamar Javed Bajwa over the statement of Law Minister of Punjab, Rana Sanaullah and questioned him about the Dawn Leaks on Thursday. Inter-Services Public Relations (ISPR)
Published 13 Jan, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (January 12, 2017).

Published 13 Jan, 2017 12:00am
Dawn Leaks: officers question CoAS

Dawn Leaks: officers question CoAS

Officers of Pakistan Army have complained to Chief of the Army Staff (COAS), General Qamar Javed Bajwa over the statement of Law Minister of Punjab, Rana Sanaullah and questioned him about the Dawn Leaks on Thursday. Inter-Services Public Relations (ISPR)
Published 13 Jan, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (January 12, 2017).

Published 13 Jan, 2017 12:00am
PM welcomes proposal of Karachi-Muscat ferry service

PM welcomes proposal of Karachi-Muscat ferry service

Prime Minister Nawaz Sharif on Thursday welcomed the proposal to start a ferry service between Karachi, Gwadar and Oman's capital Muscat. "This initiative will start a new chapter of friendship between both countries," the Prime Minister said in a meetin
Published 13 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (January 12, 2017).

Published 13 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (January 12, 2017).

Published 13 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (January 12, 2017).

Published 13 Jan, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (January 12, 2017).

Published 13 Jan, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (January 12, 2017).
Published 13 Jan, 2017 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 (January 12, 2017).

Published 13 Jan, 2017 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 (January 12, 2017).

Published 13 Jan, 2017 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 13 Jan, 2017 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 13 Jan, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 13 Jan, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 13 Jan, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Wednesday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,104. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 7.87 billion and the number of lots traded was 18,862. Major business was contributed by
Published 13 Jan, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 79,911 tonnes of cargo comprising 57,282 tonnes of import cargo and 22,629 tonnes of export cargo including 5,242 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 57,
Published 13 Jan, 2017 12:00am
Volume of business improves
Cotton

Volume of business improves

Renewed buying by spinners helped the volume of business to improve on the cotton market on Thursday, dealers said. The official spot rate was unchanged at Rs 6350, dealers said. In Sindh, seed cotton prices were higher by Rs 200 to Rs 3000-3300, they sai
Published 13 Jan, 2017 12:00am
US wheat futures mostly lower

US wheat futures mostly lower

US wheat futures closed mostly lower on Tuesday, with traders saying the market felt toppy after hitting multi-month highs in recent days. Positioning was noted ahead of closely watched US Agriculture Department supply and demand reports set for release o
Published 13 Jan, 2017 12:00am
Cotton economy to benefit from export package
Cotton

Cotton economy to benefit from export package

Last Tuesday the Prime Minister Nawaz Sharif announced a Rs 180 billion package of incentives for the sagging export sector which is expected to give a large boost to the country's competitiveness and revival by pushing up the output and exports, includin
Published 13 Jan, 2017 12:00am
Cotton economy to benefit from export package
Cotton

Cotton economy to benefit from export package

Last Tuesday the Prime Minister Nawaz Sharif announced a Rs 180 billion package of incentives for the sagging export sector which is expected to give a large boost to the country's competitiveness and revival by pushing up the output and exports, includin
Published 13 Jan, 2017 12:00am
Banks forced to cover tracks of China's forex regulator
Currency

Banks forced to cover tracks of China's forex regulator

China's forex regulator is telling banks to keep its instructions about curbing capital outflows secret and to ensure that research analysts keep any negative views about the yuan's prospects to themselves, several bankers said. Both demands are seen as a
Published 13 Jan, 2017 12:00am
UniCredit shareholders back $14 billion rights issue

UniCredit shareholders back $14 billion rights issue

Shareholders at Italian bank UniCredit, which is undergoing a major strategic review, on Thursday voted in favour of plans to raise billions of euros to strengthen the struggling lender's capital base. The move comes after a nightmare year for Italy's ban
Published 13 Jan, 2017 12:00am
UniCredit shareholders back $14 billion rights issue

UniCredit shareholders back $14 billion rights issue

Shareholders at Italian bank UniCredit, which is undergoing a major strategic review, on Thursday voted in favour of plans to raise billions of euros to strengthen the struggling lender's capital base. The move comes after a nightmare year for Italy's ban
Published 13 Jan, 2017 12:00am
Canada home prices rise as hot Toronto market offsets Vancouver

Canada home prices rise as hot Toronto market offsets Vancouver

Canadian home prices continued to rise in the final months of 2016 as hot markets in Ontario offset the moderating effects of a foreign buyers tax in Vancouver, though most markets were past their peak, separate reports showed on Thursday. Prices of exist
Published 13 Jan, 2017 12:00am
India's cash crunch tamps down retail inflation

India's cash crunch tamps down retail inflation

India's retail inflation hit a two-year low in December as businesses resorted to price discounting to boost flagging sales following the government's cash crackdown, fuelling hopes of an interest rate cut by the central bank. Consumer prices rose by an a
Published 13 Jan, 2017 12:00am
European Commission proposes tariff deal to Sri Lanka

European Commission proposes tariff deal to Sri Lanka

The European Commission on Wednesday proposed restoring tariff concessions for imports from Sri Lanka after scrapping them for seven years, as the new government pledged to improve human rights. The executive body of the 28-member European Union said it p
Published 13 Jan, 2017 12:00am
European Commission proposes tariff deal to Sri Lanka

European Commission proposes tariff deal to Sri Lanka

The European Commission on Wednesday proposed restoring tariff concessions for imports from Sri Lanka after scrapping them for seven years, as the new government pledged to improve human rights. The executive body of the 28-member European Union said it p
Published 13 Jan, 2017 12:00am
Ford expands Takata airbag recall to 816,000 vehicles

Ford expands Takata airbag recall to 816,000 vehicles

US auto giant Ford Motor Company said Thursday it was expanding its safety recall of some defective airbag inflators from Japanese parts maker Takata. The action extends the recall to about 816,000 Ford, Lincoln and Mercury brand vehicles built in North A
Published 13 Jan, 2017 12:00am
Financial crisis a memory, Danish industry production hits record high

Financial crisis a memory, Danish industry production hits record high

Industrial production in Denmark rose to a record high in November, climbing above pre-financial crisis levels for the first time and adding to evidence of relatively robust economic growth. The numbers, released on Wednesday, followed a major revision of
Published 13 Jan, 2017 12:00am
Alitalia hits turbulence over Etihad management

Alitalia hits turbulence over Etihad management

Alitalia needs "drastic and courageous" action, its chairman said Thursday after a government minister blamed poor management for a looming crisis at the carrier, which is 49 percent owned by Etihad Airways. Reports that the country's flagship airline is
Published 13 Jan, 2017 12:00am
Tata Sons appoints new chairman

Tata Sons appoints new chairman

India's salt-to-steel conglomerate Tata Sons Thursday appointed Natarajan Chandrasekaran, the chief of its IT services unit, as the new chairman of its board, the company said in a statement. Chandrasekaran, who currently heads software giant Tata Consult
Published 13 Jan, 2017 12:00am
Eurozone economy registering surprisingly strong growth spurt
Currency

Eurozone economy registering surprisingly strong growth spurt

Industries across the eurozone cranked up output in November and Germany ended the year with its strongest growth in five years, data showed on Thursday, pointing to an economic spurt that may be arriving earlier than some ECB policymakers expect. Euro zo
Published 13 Jan, 2017 12:00am
Saudi airline flynas in $8.6 billion Airbus deal

Saudi airline flynas in $8.6 billion Airbus deal

Saudi low-cost carrier flynas has concluded an $8.6 billion purchase deal with Airbus, a major shareholder said on Thursday. Kingdom Holding Co, which owns a 34 percent stake in the airline, said flynas has finalised the "deal with Airbus for the purchase
Published 13 Jan, 2017 12:00am
World food prices fall in 2016

World food prices fall in 2016

World food prices fell for a fifth straight year in 2016 as losses in cereals, meat and dairy outweighed rises in sugar and vegetable oils, the United Nations food agency said on Thursday. Prices remained stable in December from the month before, accordin
Published 13 Jan, 2017 12:00am
US weekly jobless claims rise; import prices push higher

US weekly jobless claims rise; import prices push higher

The number of Americans filing for unemployment benefits rose less than expected last week, pointing to a tightening labour market that is starting to spur faster wage growth. Other data on Thursday showed import prices posting their largest gain in nearl
Published 13 Jan, 2017 12:00am
Taiwan stocks climb

Taiwan stocks climb

Taiwan stocks rose nearly 1 percent on Thursday to their highest in more than 18 months, tracking gains in overseas markets in a relief rally after US President-elect Donald Trump's widely-awaited news briefing yielded little clarity on his future fiscal
Published 13 Jan, 2017 12:00am
Tokyo stocks down
Currency

Tokyo stocks down

Tokyo stocks closed down Thursday as drugmakers were hit by US President-elect Donald Trump's warning that the US pharmaceutical sector was "getting away with murder" in overcharging and sending production capacity overseas. Japan's top drugmaker Takeda P
Published 13 Jan, 2017 12:00am
Thursday's early trade: Dow, S&P set for worst day in three months

Thursday's early trade: Dow, S&P set for worst day in three months

The S&P 500 and the Dow were set for their worst day since October as the lack of details on economic policy in Donald Trump's speech took the wind out of a record-setting post-election rally. The losses were broad-based. All of the 11 major S&P 500 secto
Published 13 Jan, 2017 12:00am
Nasdaq drops with pharma stocks as Trump blasts drug prices

Nasdaq drops with pharma stocks as Trump blasts drug prices

Nasdaq lost ground in choppy trading on Wednesday as investors fled drug stocks after President-elect Donald Trump said pharmaceutical companies were "getting away with murder" by charging high drug prices. Trump said he has also discussed making it easie
Published 13 Jan, 2017 12:00am
Hong Kong stocks ease

Hong Kong stocks ease

Hong Kong stocks fell, bucking a regional rally, as investors took a breather after five days of gains in the city. The benchmark Hang Seng index was down 0.5 percent, at 22,829.02 points, while the Hong Kong China Enterprises Index lost 0.1 percent, to 9
Published 13 Jan, 2017 12:00am
Treasury yields down

Treasury yields down

US Treasury debt yields fell on Wednesday with benchmark yields briefly touching the lowest in a month following stellar demand at a 10-year note sale, while President-elect Donald Trump's remarks spurred safe-haven demand for bonds. Trump's first news co
Published 13 Jan, 2017 12:00am
Treasury yields down

Treasury yields down

US Treasury debt yields fell on Wednesday with benchmark yields briefly touching the lowest in a month following stellar demand at a 10-year note sale, while President-elect Donald Trump's remarks spurred safe-haven demand for bonds. Trump's first news co
Published 13 Jan, 2017 12:00am
Australian shares up; New Zealand down

Australian shares up; New Zealand down

Materials, energy and financials lifted Australian shares on Thursday after a weakened US dollar drove up oil prices by the most in more than a month. The S&P/ASX 200 index gained 0.3 percent or 20 points to 5,791 by 0115 GMT. The benchmark closed 0.2 per
Published 13 Jan, 2017 12:00am
Eurozone bond yields tumble

Eurozone bond yields tumble

German bond yields moved further away from three-week highs on Thursday as US President-elect Donald Trump's long-awaited news conference offered little clarity on his fiscal plans, denting "reflation" bets that have dominated markets recently. Borrowing
Published 13 Jan, 2017 12:00am
Eurozone bond yields tumble

Eurozone bond yields tumble

German bond yields moved further away from three-week highs on Thursday as US President-elect Donald Trump's long-awaited news conference offered little clarity on his fiscal plans, denting "reflation" bets that have dominated markets recently. Borrowing
Published 13 Jan, 2017 12:00am
Indian shares surge

Indian shares surge

Indian shares ended higher to post a third straight session of gains on Thursday as IT firms such as Infosys gained ahead of earnings, and on hopes US President-elect Donald Trump may not proceed with stringent visa rules. The broader NSE index closed up
Published 13 Jan, 2017 12:00am
China stocks fall

China stocks fall

China's main indexes slid for the third session as investors remained cautious ahead of the Lunar New Year holidays and as small-cap companies settled at a fresh 10-month low. The bluechip CSI300 index fell 0.5 percent to 3,317.62 points, while the Shangh
Published 13 Jan, 2017 12:00am
TSX rises

TSX rises

Canada's main stock index rose on Wednesday as heavyweight financial stocks rose ahead of the start of US earnings season and investors weighed comments by US President-elect Donald Trump. Some of the most influential movers on the index were the country'
Published 13 Jan, 2017 12:00am