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Print - 2017-02-01
July-January 2016-17: Rs 135 billion shortfall in collection

July-January 2016-17: Rs 135 billion shortfall in collection

The Federal Board of Revenue (FBR) provisionally collected Rs 1,688 billion during July-January (2016-17) against target of Rs 1,823 billion, reflecting a shortfall of Rs 135 billion. Sources toldBusiness Recorder here on Tuesday that the revenue s
Published 01 Feb, 2017 12:00am
NAB signs MoU with China

NAB signs MoU with China

National Accountability Bureau (NAB) has signed a Memorandum of Understanding (MoU) with China to ensure co-operation and oversee transparency in China Pakistan Economic Corridor (CPEC) projects in Pakistan. This was stated by Chairman NAB Qamar Zaman Cha
Published 01 Feb, 2017 12:00am
NAB signs MoU with China

NAB signs MoU with China

National Accountability Bureau (NAB) has signed a Memorandum of Understanding (MoU) with China to ensure co-operation and oversee transparency in China Pakistan Economic Corridor (CPEC) projects in Pakistan. This was stated by Chairman NAB Qamar Zaman Cha
Published 01 Feb, 2017 12:00am
NAB signs MoU with China

NAB signs MoU with China

National Accountability Bureau (NAB) has signed a Memorandum of Understanding (MoU) with China to ensure co-operation and oversee transparency in China Pakistan Economic Corridor (CPEC) projects in Pakistan. This was stated by Chairman NAB Qamar Zaman Cha
Published 01 Feb, 2017 12:00am
NAB signs MoU with China

NAB signs MoU with China

National Accountability Bureau (NAB) has signed a Memorandum of Understanding (MoU) with China to ensure co-operation and oversee transparency in China Pakistan Economic Corridor (CPEC) projects in Pakistan. This was stated by Chairman NAB Qamar Zaman Cha
Published 01 Feb, 2017 12:00am
Petrol, HSD prices increased

Petrol, HSD prices increased

The government has increased the prices of petrol and high speed diesel (HSD) by Rs 2.25 and Rs 2.26 per litre respectively. Federal Finance Minister Ishaq Dar announced the prices of petroleum products for the period starting from February 01, 2017 till
Published 01 Feb, 2017 12:00am
Petrol, HSD prices increased

Petrol, HSD prices increased

The government has increased the prices of petrol and high speed diesel (HSD) by Rs 2.25 and Rs 2.26 per litre respectively. Federal Finance Minister Ishaq Dar announced the prices of petroleum products for the period starting from February 01, 2017 till
Published 01 Feb, 2017 12:00am
Petrol, HSD prices increased

Petrol, HSD prices increased

The government has increased the prices of petrol and high speed diesel (HSD) by Rs 2.25 and Rs 2.26 per litre respectively. Federal Finance Minister Ishaq Dar announced the prices of petroleum products for the period starting from February 01, 2017 till
Published 01 Feb, 2017 12:00am
Infrastructure finance policy approved by ECC

Infrastructure finance policy approved by ECC

The Economic Co-ordination Committee (ECC) of the Cabinet considered and approved the "Infrastructure Finance Policy Pakistan 2017" to attract investment from private sector in infrastructure projects as available public funds are not sufficient to financ
Published 01 Feb, 2017 12:00am
Infrastructure finance policy approved by ECC

Infrastructure finance policy approved by ECC

The Economic Co-ordination Committee (ECC) of the Cabinet considered and approved the "Infrastructure Finance Policy Pakistan 2017" to attract investment from private sector in infrastructure projects as available public funds are not sufficient to financ
Published 01 Feb, 2017 12:00am
Infrastructure finance policy approved by ECC

Infrastructure finance policy approved by ECC

The Economic Co-ordination Committee (ECC) of the Cabinet considered and approved the "Infrastructure Finance Policy Pakistan 2017" to attract investment from private sector in infrastructure projects as available public funds are not sufficient to financ
Published 01 Feb, 2017 12:00am
Panamagate judge falls ill

Panamagate judge falls ill

The Panamagate case hearing is likely to be adjourned for an indefinite period on Wednesday (today) due to ailment of Justice Azmat Saeed Sheikh, one of the members of the five-member bench hearing the matter on Tuesday. Justice Azmat Saeed Sheikh was adm
Published 01 Feb, 2017 12:00am
Panamagate judge falls ill

Panamagate judge falls ill

The Panamagate case hearing is likely to be adjourned for an indefinite period on Wednesday (today) due to ailment of Justice Azmat Saeed Sheikh, one of the members of the five-member bench hearing the matter on Tuesday. Justice Azmat Saeed Sheikh was adm
Published 01 Feb, 2017 12:00am
BRIndex30 up 85.7 points

BRIndex30 up 85.7 points

On Tuesday, BRIndex30 opened at 28,158.67 points. It touched an intraday high of 28,527.42 points and an intraday low of 28,018.80 points and closed at 28,244.37 points which was 85.7 points or 0.3 percent higher than previous close. Total volume was 182,
Published 01 Feb, 2017 12:00am
BRIndex30 up 85.7 points

BRIndex30 up 85.7 points

On Tuesday, BRIndex30 opened at 28,158.67 points. It touched an intraday high of 28,527.42 points and an intraday low of 28,018.80 points and closed at 28,244.37 points which was 85.7 points or 0.3 percent higher than previous close. Total volume was 182,
Published 01 Feb, 2017 12:00am
PSX stays depressed

PSX stays depressed

Pakistan Stock Exchange (PSX) remained under pressure Tuesday. The benchmark KSE-100 index lost another 214.57 points to close at 48,757.67 points. Selling was seen from both local and foreign investors. Foreign investors sold out shares worth $6.7 millio
Published 01 Feb, 2017 12:00am
PSX stays depressed

PSX stays depressed

Pakistan Stock Exchange (PSX) remained under pressure Tuesday. The benchmark KSE-100 index lost another 214.57 points to close at 48,757.67 points. Selling was seen from both local and foreign investors. Foreign investors sold out shares worth $6.7 millio
Published 01 Feb, 2017 12:00am
PSX stays depressed

PSX stays depressed

Pakistan Stock Exchange (PSX) remained under pressure Tuesday. The benchmark KSE-100 index lost another 214.57 points to close at 48,757.67 points. Selling was seen from both local and foreign investors. Foreign investors sold out shares worth $6.7 millio
Published 01 Feb, 2017 12:00am
Trump dumps Deputy AG who defied immigration order

Trump dumps Deputy AG who defied immigration order

US President Donald Trump fired top federal government lawyer Sally Yates on Monday after she took the extraordinarily rare step of defying the White House and refused to defend new travel restrictions targeting seven Muslim-majority nations.
Published 01 Feb, 2017 12:00am
Trump dumps Deputy AG who defied immigration order

Trump dumps Deputy AG who defied immigration order

US President Donald Trump fired top federal government lawyer Sally Yates on Monday after she took the extraordinarily rare step of defying the White House and refused to defend new travel restrictions targeting seven Muslim-majority nations.
Published 01 Feb, 2017 12:00am
Budgetary spending increases by three percent

Budgetary spending increases by three percent

The government''s budgetary spending during the first quarter of the current fiscal year (2016-17) has increased by three per cent of the GDP while tax collection remained considerably slow during the aforementioned period. According to Fiscal Policy Stat
Published 01 Feb, 2017 12:00am
Budgetary spending increases by three percent

Budgetary spending increases by three percent

The government's budgetary spending during the first quarter of the current fiscal year (2016-17) has increased by three per cent of the GDP while tax collection remained considerably slow during the aforementioned period. According to Fiscal Policy State
Published 01 Feb, 2017 12:00am
Budgetary spending increases by three percent

Budgetary spending increases by three percent

The government's budgetary spending during the first quarter of the current fiscal year (2016-17) has increased by three per cent of the GDP while tax collection remained considerably slow during the aforementioned period. According to Fiscal Policy State
Published 01 Feb, 2017 12:00am
Q1: External debt rises by $1 billion

Q1: External debt rises by $1 billion

Pakistan''''''''s external and domestic debts increased by $1 billion and Rs 772 billion respectively during the first quarter of the current financial year, reveals Debt Policy Co-ordination Office, Ministry of Finance, in its fiscal policy statement 201
Published 01 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 31, 2017).

Published 01 Feb, 2017 12:00am
Q1: External debt rises by $1 billion

Q1: External debt rises by $1 billion

Pakistan''''s external and domestic debts increased by $1 billion and Rs 772 billion respectively during the first quarter of the current financial year, reveals Debt Policy Co-ordination Office, Ministry of Finance, in its fiscal policy statement 2016-17
Published 01 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 31, 2017).

Published 01 Feb, 2017 12:00am
Q1: External debt rises by $1 billion

Q1: External debt rises by $1 billion

Pakistan''s external and domestic debts increased by $1 billion and Rs 772 billion respectively during the first quarter of the current financial year, reveals Debt Policy Co-ordination Office, Ministry of Finance, in its fiscal policy statement 2016-17.
Published 01 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 31, 2017).

Published 01 Feb, 2017 12:00am
Q1: External debt rises by $1 billion

Q1: External debt rises by $1 billion

Pakistan's external and domestic debts increased by $1 billion and Rs 772 billion respectively during the first quarter of the current financial year, reveals Debt Policy Co-ordination Office, Ministry of Finance, in its fiscal policy statement 2016-17. T
Published 01 Feb, 2017 12:00am
Q1: External debt rises by $1 billion

Q1: External debt rises by $1 billion

Pakistan's external and domestic debts increased by $1 billion and Rs 772 billion respectively during the first quarter of the current financial year, reveals Debt Policy Co-ordination Office, Ministry of Finance, in its fiscal policy statement 2016-17. T
Published 01 Feb, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (January 31, 2017).

Published 01 Feb, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (January 31, 2017).
Published 01 Feb, 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 Tuesday (January 31, 2017).

Published 01 Feb, 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 Tuesday (January 31, 2017).

Published 01 Feb, 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 01 Feb, 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 01 Feb, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 01 Feb, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 01 Feb, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Monday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,125. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 6.19 billion and the number of lots traded was 12,727. Major business was contributed by cur
Published 01 Feb, 2017 12:00am
HRW wheat bids higher

HRW wheat bids higher

Basis bids for hard red winter wheat were higher for rail shipments to the US Gulf Coast on Monday, extending recent gains to the highest levels since March 2015 on support from strong export demand for that wheat variety, traders said. Limited supplies o
Published 01 Feb, 2017 12:00am
CBOT wheat futures lower

CBOT wheat futures lower

Chicago Board of Trade wheat futures fell on Monday, following declines in soyabeans and wheat, traders said. CBOT March wheat settled down 6-1/2 cents at $4.14 per bushel after touching a 2-1/2 week low at $4.12-3/4. K.C. March hard red winter wheat ende
Published 01 Feb, 2017 12:00am
Activities of Karachi Port

Activities of Karachi Port

The Karachi Port handled 111,805 tonnes of cargo comprising 88,440 tonnes of import cargo and 23,365 tonnes of export cargo including 6,033 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 88,
Published 01 Feb, 2017 12:00am
US FOB Gulf soyabean offers flat on dull demand

US FOB Gulf soyabean offers flat on dull demand

Export premiums for soyabeans shipped from the US Gulf Coast were mostly flat on Monday on seasonally slowing demand for US supplies and a lack of buying interest from top importer China, traders said. Soyabean export trade is expected to be lighter than
Published 01 Feb, 2017 12:00am
Asian gasoline crack rises to four-session high

Asian gasoline crack rises to four-session high

Asia's gasoline crack reached a four-session high of $11.56 a barrel on Tuesday, buoyed by weaker Brent crude prices, while the naphtha crack reached a three-session high of $107.70 a tonne on strong demand. South Korea's LG Chem has bought naphtha for de
Published 01 Feb, 2017 12:00am
US natural gas futures fall on warmer weather

US natural gas futures fall on warmer weather

US natural gas futures on Monday fell to their lowest level in over a week on forecasts for temperatures to moderate over the next two weeks and remain warmer than normal through March. On their first full day as the front-month, gas futures for March del
Published 01 Feb, 2017 12:00am
EU wheat prices down by falling US markets
Currency

EU wheat prices down by falling US markets

European wheat prices fell to their lowest in around a month on Monday, pressured by continued weakness in US markets. March milling wheat on the Paris-based Euronext exchange unofficially closed down 1.7 percent or 3.0 euros at 166.50 euros a tonne.
Published 01 Feb, 2017 12:00am
Seed cotton prices rise further on modest trade
Cotton

Seed cotton prices rise further on modest trade

Seed cotton prices managed to expand winning streak on the cotton market on Tuesday in the process of modest trading, dealers said. As a result, the official spot rate was unchanged at Rs 6650, dealers said. In Sindh, seed cotton prices were higher at Rs
Published 01 Feb, 2017 12:00am
US Midwest corn bids fall

US Midwest corn bids fall

Corn spot basis bids fell at a key rail market in Hereford, Texas, on Monday, pressured by declining rail freight that reduced costs for grain shipments, dealers said. Bids for corn were mostly steady elsewhere in the US Midwest as Chicago Board of Trade
Published 01 Feb, 2017 12:00am
Russian sugar output hits record high

Russian sugar output hits record high

Russia has boosted white sugar production from its beet crop to a record 6 million tonnes since the 2016/17 marketing season started on August 1, its Sugar Producers' Union said on Tuesday. The country has been increasing production to reduce reliance on
Published 01 Feb, 2017 12:00am
Spain's Bankia profits plunge as low rates bite

Spain's Bankia profits plunge as low rates bite

Bankia, Spain's fourth largest bank that was bailed out by the state in 2012, on Monday reported a much steeper drop in net profit for last year than analysts had expected. In a statement, the bank blamed the 22.7 percent net profit drop to 804 million eu
Published 01 Feb, 2017 12:00am
Spain's Bankia profits plunge as low rates bite

Spain's Bankia profits plunge as low rates bite

Bankia, Spain's fourth largest bank that was bailed out by the state in 2012, on Monday reported a much steeper drop in net profit for last year than analysts had expected. In a statement, the bank blamed the 22.7 percent net profit drop to 804 million eu
Published 01 Feb, 2017 12:00am
ExxonMobil 4Q earnings dive on low oil prices

ExxonMobil 4Q earnings dive on low oil prices

ExxonMobil reported a big drop in fourth-quarter earnings Tuesday, as low oil and natural prices continued to weigh on results. Net income in the fourth-quarter plunged 39.6 percent to $1.7 billion, while full year earnings fell by more than half to $7.8
Published 01 Feb, 2017 12:00am
ExxonMobil 4Q earnings dive on low oil prices

ExxonMobil 4Q earnings dive on low oil prices

ExxonMobil reported a big drop in fourth-quarter earnings Tuesday, as low oil and natural prices continued to weigh on results. Net income in the fourth-quarter plunged 39.6 percent to $1.7 billion, while full year earnings fell by more than half to $7.8
Published 01 Feb, 2017 12:00am
Turkey tourism income slumps after attacks, coup

Turkey tourism income slumps after attacks, coup

Turkey tourism revenues fell almost 30 percent in 2016, the country's statistics office said Tuesday, after visitors stayed away following multiple terror attacks and a failed coup. In 2016 income from tourism fell by 29.7 percent compared to the previous
Published 01 Feb, 2017 12:00am
BoJ lifts growth forecasts on global outlook, weak yen

BoJ lifts growth forecasts on global outlook, weak yen

Japan's central bank hiked its economic growth forecasts on Tuesday, citing an improved global outlook and a weaker yen but the country's finance chief warned of "uncertainty" caused by the arrival of Donald Trump in the White House. After its first meeti
Published 01 Feb, 2017 12:00am
Spain's economy powers ahead again in 2016

Spain's economy powers ahead again in 2016

Spain's economy grew 3.2 percent last year, official figures showed Monday, as the country continues to power ahead following a damaging crisis marked by sky-high unemployment and rising inequalities. The GDP growth figure, the same as that of 2015, is on
Published 01 Feb, 2017 12:00am
Dubai to award $3 billion building contracts for Expo 2020

Dubai to award $3 billion building contracts for Expo 2020

Dubai said on Monday it will award this year 47 construction contracts worth $3 billion in preparation for the World Expo 2020 international trade fair. The contracts, which are open to local and foreign bidders comprise the final infrastructure package f
Published 01 Feb, 2017 12:00am
Surprise CEO resignation shakes up Deutsche Bahn

Surprise CEO resignation shakes up Deutsche Bahn

Deutsche Bahn chief Ruediger Grube resigned Monday, Germany's state-owned rail operator said, surprising observers as it had widely been expected that his contract would be extended. "The supervisory board today unanimously approved Ruediger Grube's reque
Published 01 Feb, 2017 12:00am
India says cash ban hits growth

India says cash ban hits growth

India's government acknowledged Tuesday that its decision to pull high-value bank notes from circulation has caused pain in large parts of the economy as it lowered its growth forecast on the eve of the budget. Its annual economic survey concluded that th
Published 01 Feb, 2017 12:00am