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Print - 2017-01-15
Your rupee last quarter
Currency

Your rupee last quarter

Following currency fluctuations took place in foreign exchange rates during the last quarter. (October 03 to December 30, 2016)

Published 15 Jan, 2017 12:00am
The Weather

The Weather

The weather report on Saturday (January 14, 2017) and the forecast for Sunday (January 15, 2017).

Published 15 Jan, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (January 14, 2017).

Published 15 Jan, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (January 14, 2017)

Published 15 Jan, 2017 12:00am
Hides and skins rates

Hides and skins rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 14, 2017).

Published 15 Jan, 2017 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (January 14, 2017).

Published 15 Jan, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 14, 2017).

Published 15 Jan, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 14, 2017).

Published 15 Jan, 2017 12:00am
THE RUPEE: firmer trend
Currency

THE RUPEE: firmer trend

KARACHI: A kind of firmness prevailed on the money market on Saturday as the rupee managed to hold present levels versus the dollar in the process of trading, dealers said.
Published 15 Jan, 2017 12:00am
THE RUPEE: firmer trend
Currency

THE RUPEE: firmer trend

KARACHI: A kind of firmness prevailed on the money market on Saturday as the rupee managed to hold present levels versus the dollar in the process of trading, dealers said.
Published 15 Jan, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (January 14, 2017).

Published 15 Jan, 2017 12:00am
US diplomat meets Shahbaz

US diplomat meets Shahbaz

US Consul General Yuriy Fedkiw called on Punjab Chief Minister Shahbaz Sharif here on Saturday and exchanged views on matters of mutual interest.
Published 15 Jan, 2017 12:00am
PIAF for lowering high power tariff

PIAF for lowering high power tariff

Pakistan Industrial and Traders Association (PIAF) has said the decline in electricity consumption in industrial estates from 45MW to 20MW indicates that industrial units are being closed mainly due to higher power tariff.
Published 15 Jan, 2017 12:00am
Prices of essential kitchen items witness decline

Prices of essential kitchen items witness decline

Prices of the essential kitchen items witnessed a decline during this past week as compared to the preceding week, reveals a survey conducted by Business Recorder here on Saturday.
Published 15 Jan, 2017 12:00am
Dutch envoy voices concern over missing Pakistani bloggers

Dutch envoy voices concern over missing Pakistani bloggers

Netherlands Ambassador to Pakistan Jeannette Seppen on Saturday expressed concern over the missing Pakistani bloggers and social media activists, and urged the government of Pakistan to take measures for their safe return to their homes.
Published 15 Jan, 2017 12:00am
Rich tribute paid to Arfa Kareem

Rich tribute paid to Arfa Kareem

District Administration has arranged a programme at Nusrat Fateh Ali Khan Auditorium to pay rich tribute to the youngest World Microsoft Professional Arfa Kareem on her fifth death anniversary. Deputy Commissioner Salman Ghani was the chief guest on the o
Published 15 Jan, 2017 12:00am
Two infants die of cold in Landi Kotal

Two infants die of cold in Landi Kotal

Two cousin infants died due to increasing cold and harsh weather in Fatmi Khel area of tehsil Landi Kotal, of tribal Khyber Agency on Saturday.
Published 15 Jan, 2017 12:00am
Rain, thunderstorm expected in many parts: Met

Rain, thunderstorm expected in many parts: Met

An active western disturbance is affecting Balochistan & adjoining areas and likely to persist over central and upper parts till Wednesday, Met officials say.
Published 15 Jan, 2017 12:00am
Khattak welcomes Danish investment in renewable energy

Khattak welcomes Danish investment in renewable energy

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has welcomed the transfer of technology for the promotion of agriculture, renewable energy, and investment in KP by the Danish investment and said that province of KP offered tremendous potential in natural
Published 15 Jan, 2017 12:00am
Nisar rejects transfer summary of DIG

Nisar rejects transfer summary of DIG

Interior Minister Chaudhry Nisar Ali Khan on Saturday rejected the summary of transfer of Deputy Inspector General (DIG) Kashif Alam, who is heading the committee probing Tayyaba torture case.
Published 15 Jan, 2017 12:00am
SC forms four benches for next week

SC forms four benches for next week

The Supreme Court has constituted four benches, including a five-member larger bench to hear Panamagate case, for the week commencing from January 16 (tomorrow).
Published 15 Jan, 2017 12:00am
NA speaker urges IPC to engage with PIP

NA speaker urges IPC to engage with PIP

Sardar Ayaz Sadiq, Speaker National Assembly has stressed that the international parliamentary community (IPC) to actively engage with and strengthen the parliamentary institutions of Pakistan (PIP).
Published 15 Jan, 2017 12:00am
Shoe chain Payless explores debt restructuring

Shoe chain Payless explores debt restructuring

US discount footwear retailer Payless Inc is working with debt-restructuring attorneys to deal with its approximately $665 million in debt as foot traffic at its stores declines, according to people familiar with the matter.
Published 15 Jan, 2017 12:00am
Libya's oil production drops to 655,000 bpd

Libya's oil production drops to 655,000 bpd

Libya's oil production has dropped to 655,000 barrels a day due to difficulties including a lack of storage capacity and poor weather, the head of the National Oil Corporation said on Saturday.
Published 15 Jan, 2017 12:00am
Sony entertainment chief leaving to focus on Snapchat

Sony entertainment chief leaving to focus on Snapchat

The head of Sony's entertainment business announced Friday that he is stepping down to devote energy to Snapchat as the startup behind the smartphone messaging app prepares to go public.
Published 15 Jan, 2017 12:00am
Moody's pays $864 million to US, states over pre-crisis ratings

Moody's pays $864 million to US, states over pre-crisis ratings

Moody's Corp has agreed to pay nearly $864 million to settle with US federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the US Department of Justice said on Friday.
Published 15 Jan, 2017 12:00am
Moody's pays $864 million to US, states over pre-crisis ratings

Moody's pays $864 million to US, states over pre-crisis ratings

Moody's Corp has agreed to pay nearly $864 million to settle with US federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the US Department of Justice said on Friday.
Published 15 Jan, 2017 12:00am
Japan and Australia agree to strengthen defence ties

Japan and Australia agree to strengthen defence ties

Japanese Prime Minister Shinzo Abe met his Australian counterpart Malcolm Turnbull in Sydney on Saturday where the pair agreed to deepen defence ties through joint military training and exercises.
Published 15 Jan, 2017 12:00am
IMF board approves 8.24 billion-euro credit line for Poland

IMF board approves 8.24 billion-euro credit line for Poland

The International Monetary Fund said on Friday its executive board approved a new two-year flexible credit line arrangement for Poland worth about 8.24 billion euros, about half the size of the country's previous credit line.
Published 15 Jan, 2017 12:00am
Indonesia won't flood nickel market: minister

Indonesia won't flood nickel market: minister

Indonesia's abrupt easing of a three-year ban on nickel ore exports will not flood the global market but instead is aimed at balancing the country's smelters and creating job opportunities at mines, top mining officials said on Saturday.
Published 15 Jan, 2017 12:00am
2016 a poor year for French cinema abroad

2016 a poor year for French cinema abroad

International cinemagoers lost their taste for French films last year, especially in Asia, French cinema promoter Unifrance said Friday.
Published 15 Jan, 2017 12:00am
USDA analysis says ethanol sharply cuts greenhouse gas emissions

USDA analysis says ethanol sharply cuts greenhouse gas emissions

The US government on Thursday said that ethanol is better for the environment than previously expected in a report boosting the country's biggest biofuel a week ahead of a new administration that has some in the industry concerned.
Published 15 Jan, 2017 12:00am
Soyabean prices to come under pressure in 2017

Soyabean prices to come under pressure in 2017

In 2016 soyabean prices had their best year since 2012. But a repeat performance for the oilseed in 2017 may prove difficult thanks to challenges on both the supply and demand fronts.
Published 15 Jan, 2017 12:00am
Global arabica coffee output to reach record: ICO

Global arabica coffee output to reach record: ICO

Global arabica production could reach a record in 2016/17 but total coffee consumption is on track to exceed output for the third straight year, the International Coffee Organization (ICO) said on Wednesday.
Published 15 Jan, 2017 12:00am
Thai rubber prices seen advancing this year

Thai rubber prices seen advancing this year

Thailand's rubber prices are expected to rise this year due to scant supply, hit by unseasonal flooding in the country's main growing region, industry players said.
Published 15 Jan, 2017 12:00am
Hedge funds scale back bullish bets on US crude

Hedge funds scale back bullish bets on US crude

Hedge funds and money managers trimmed their bullish wagers on US crude oil for the second week in a row, data showed on Friday, as skepticism over OPEC delivering on its promised cuts grew and inventories in the US began to swell once again.
Published 15 Jan, 2017 12:00am
Asian naphtha crack jumps to one-year high

Asian naphtha crack jumps to one-year high

Asia's naphtha crack surged 15.7 percent to hit a one-year high of $111.30 a tonne on Thursday as supplies tightened on persistent demand and reduced volumes arriving from the West. A fire at Abu Dhabi's state-owned national oil company ADNOC's refinery a
Published 15 Jan, 2017 12:00am
Chinese rebar steel futures rise for fourth day

Chinese rebar steel futures rise for fourth day

Chinese rebar steel futures rose for a fourth straight day on Thursday amid Beijing's campaign to shave excess steel production capacity, helping stretch gains in raw material iron ore. The rally in both commodities extended last year's surge that came af
Published 15 Jan, 2017 12:00am
US Midwest soya bids lower

US Midwest soya bids lower

Soyabean spot basis bids were steady to sharply lower at US Midwest processors and elevators on Thursday after a rally in Chicago Board of Trade soya futures triggered relatively heavy farmer sales of the oilseed, dealers said. Bids tumbled by 15 cents pe
Published 15 Jan, 2017 12:00am
CBOT wheat futures higher

CBOT wheat futures higher

Wheat futures on the Chicago Board of Trade closed higher on Thursday after the US Department of Agriculture said US farmers planted the fewest acres to winter wheat since 1909. CBOT March wheat settled up 7-1/2 cents at $4.26-1/4 per bushel after reachin
Published 15 Jan, 2017 12:00am
Deep snow protects winter crops in Ukraine, Russia

Deep snow protects winter crops in Ukraine, Russia

A substantial snow layer has protected Ukrainian and Russian winter crops from severe frosts which came this weekend, analyst and weather forecasters said on Tuesday. Temperatures in most Ukrainian regions fell substantially to 13-20 degrees Celsius (55.4
Published 15 Jan, 2017 12:00am
Asian rice gains in India as demand revives

Asian rice gains in India as demand revives

Rice prices in India rose on a revival in demand from African and Asian buyers while markets in Thailand and Vietnam remained quiet, traders said on Wednesday. India, the world's biggest rice exporter, saw its 5-percent broken parboiled rice quoted at $34
Published 15 Jan, 2017 12:00am
US FOB Gulf corn offers higher on export demand

US FOB Gulf corn offers higher on export demand

Export premiums for corn shipped from the US Gulf Coast were steady to higher on Thursday on moderate export demand from traditional buyers and rising CIF barge basis values, traders said. Recent slowdowns in rail shipments from the Corn Belt to Pacific N
Published 15 Jan, 2017 12:00am
Cotton prices firm on modest trading activity
Cotton

Cotton prices firm on modest trading activity

Prices held the present levels on the cotton market on Saturday in the process of modest trading activity, dealers said. The official spot rate was unchanged at Rs 6375, dealers said. In Sindh, seed cotton prices were at Rs 3000-3300, they said. In Punjab
Published 15 Jan, 2017 12:00am
Soyameal eases on European feeds market

Soyameal eases on European feeds market

Soyameal on the European meals and feeds market eased on Thursday ahead of fresh USDA supply/demand and quarterly stocks reports, which were issued too late in the European afternoon on Thursday for players to react to. "Asking prices for soyameal were mo
Published 15 Jan, 2017 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Thursday, boosted by the US Department of Agriculture's cut to estimated US soybean production, but their gains lagged those of the oilseed rival. US soybean production was pegged at 4.307 billion bushels, down from the
Published 15 Jan, 2017 12:00am
Rains delay corn planting in some areas of Argentina

Rains delay corn planting in some areas of Argentina

Argentina's northern and central farm belts have been pounded by storms in recent days, slowing corn planting with almost 91 percent of the 2016/17 crop already sown, the Buenos Aires Grains Exchange said in its weekly report on Thursday. Rain has softene
Published 15 Jan, 2017 12:00am
US natural gas futures jump on colder forecasts

US natural gas futures jump on colder forecasts

US natural gas futures on Thursday jumped 5 percent to its highest level since early January on a bigger-than-expected weekly storage draw and cold forecasts. That continues this week's roller-coaster ride for the front-month. The contract fell over 5 per
Published 15 Jan, 2017 12:00am
European wheat futures close slightly higher

European wheat futures close slightly higher

European wheat futures closed slightly higher on Thursday after the US government gave a lower-than-expected estimate of winter wheat sowings in the United States. March milling wheat on the Paris-based Euronext exchange settled 0.75 euro or 0.4 percent h
Published 15 Jan, 2017 12:00am
Saudis cut oil output to lowest in 2 years

Saudis cut oil output to lowest in 2 years

Saudi Arabia has cut oil output to its lowest in almost two years, its energy minister said on Thursday, as the world's largest oil exporter leads OPEC's drive to eradicate a global glut and prop up prices. Energy Minister Khalid al-Falih said output had
Published 15 Jan, 2017 12:00am
US farmers cut winter wheat acreage to 108-year low

US farmers cut winter wheat acreage to 108-year low

US farmers slashed their winter wheat plantings to the lowest in more than a century as supplies of the grain ballooned to a 29-year high, the US Agriculture Department said on Thursday. USDA also dialed back its harvest estimates for the US soybean and c
Published 15 Jan, 2017 12:00am
Bond drought casts shadow on eurozone's financial system

Bond drought casts shadow on eurozone's financial system

The European Central Bank's bond-buying programme was intended to rescue the euro zone's economy by flooding it with cash, but it is also siphoning off one of its most valuable assets: high-quality government debt.
Published 15 Jan, 2017 12:00am
Bond drought casts shadow on eurozone's financial system

Bond drought casts shadow on eurozone's financial system

The European Central Bank's bond-buying programme was intended to rescue the euro zone's economy by flooding it with cash, but it is also siphoning off one of its most valuable assets: high-quality government debt.
Published 15 Jan, 2017 12:00am
VietJet IPO set to raise $170 million

VietJet IPO set to raise $170 million

Budget airline VietJet is set to raise about $170 million in an initial public offering (IPO) that will value Vietnam's only private airline at $1.2 billion, people close to the deal said on Wednesday, in the latest in a string of Vietnamese share sales.
Published 15 Jan, 2017 12:00am
Japan will sell $1.2 trillion of JGBs to market

Japan will sell $1.2 trillion of JGBs to market

Japan is set to sell 141.2 trillion yen ($1.2 trillion) of debt to the market in the fiscal year starting April 2017, officials involved in the plan told Reuters on Monday, meaning the volume of government issuance will decline for a fourth straight year.
Published 15 Jan, 2017 12:00am
Japan will sell $1.2 trillion of JGBs to market

Japan will sell $1.2 trillion of JGBs to market

Japan is set to sell 141.2 trillion yen ($1.2 trillion) of debt to the market in the fiscal year starting April 2017, officials involved in the plan told Reuters on Monday, meaning the volume of government issuance will decline for a fourth straight year.
Published 15 Jan, 2017 12:00am
UniCredit says will complete cash call in time for bond payouts

UniCredit says will complete cash call in time for bond payouts

The chief executive of Italy's biggest bank UniCredit pledged on Thursday to complete a 13 billion euro ($14 billion) share issue by March 10, in time to make payouts due on high-risk bonds that came under pressure on the market.
Published 15 Jan, 2017 12:00am
UniCredit says will complete cash call in time for bond payouts

UniCredit says will complete cash call in time for bond payouts

The chief executive of Italy's biggest bank UniCredit pledged on Thursday to complete a 13 billion euro ($14 billion) share issue by March 10, in time to make payouts due on high-risk bonds that came under pressure on the market.
Published 15 Jan, 2017 12:00am
Investment focus: Return of inflation puts focus on pricing power

Investment focus: Return of inflation puts focus on pricing power

Rising prices of commodities from vanilla to oil are stoking inflation expectations and turning investor attention to profit margins at companies, especially in consumption-related industries, that may struggle to pass on rising costs to consumers.
Published 15 Jan, 2017 12:00am
Investment focus: Return of inflation puts focus on pricing power

Investment focus: Return of inflation puts focus on pricing power

Rising prices of commodities from vanilla to oil are stoking inflation expectations and turning investor attention to profit margins at companies, especially in consumption-related industries, that may struggle to pass on rising costs to consumers.
Published 15 Jan, 2017 12:00am
Junk bond sales off to slow start in 2017

Junk bond sales off to slow start in 2017

The US high-yield primary market is off to one of its slowest starts in years and is likely to stay low and slow at least in the medium term, said bankers and analysts.
Published 15 Jan, 2017 12:00am
Junk bond sales off to slow start in 2017

Junk bond sales off to slow start in 2017

The US high-yield primary market is off to one of its slowest starts in years and is likely to stay low and slow at least in the medium term, said bankers and analysts.
Published 15 Jan, 2017 12:00am
Canadian dollar edges higher
Currency

Canadian dollar edges higher

The Canadian dollar edged higher against its US counterpart on Friday even as oil prices fell, with recent upbeat domestic data helping to underpin the currency ahead of a Bank of Canada interest rate decision next week.
Published 15 Jan, 2017 12:00am
Indonesia forex reserves rise to $116.4 billion

Indonesia forex reserves rise to $116.4 billion

Indonesia's foreign exchange reserves rose to $116.36 billion at the end of December from $111.47 billion one month earlier, Bank Indonesia (BI) said on Monday.
Published 15 Jan, 2017 12:00am
Speculators cut net US dollar longs in latest week
Currency

Speculators cut net US dollar longs in latest week

Speculators pared back net long bets on the US dollar in the latest week, as investors reduced positions that have become overextended due to a rally inspired by Donald Trump's victory in the US presidential election two months ago.
Published 15 Jan, 2017 12:00am
Bitcoin plunges as China investigates exchanges
Currency

Bitcoin plunges as China investigates exchanges

Bitcoin prices plummeted after China's central bank announced it was investigating exchange platforms trading in the virtual currency. The People's Bank of China (PBoC) said it had dispatched inspection teams to several of the country's major bitcoin trad
Published 15 Jan, 2017 12:00am