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Print - 2017-02-03
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (February 02, 2017).

Published 03 Feb, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (February 02, 2017).

Published 03 Feb, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (February 02, 2017).

Published 03 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (February 02, 2017).

Published 03 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (February 02, 2017).

Published 03 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (February 02, 2017).

Published 03 Feb, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (February 02, 2017).

Published 03 Feb, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (February 02, 2017).
Published 03 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 Thursday (February 02, 2017).

Published 03 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 Thursday (February 02, 2017).

Published 03 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 03 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 03 Feb, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 03 Feb, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 03 Feb, 2017 12:00am
Cotton soars to six-month peak as fund buying picks up
Cotton

Cotton soars to six-month peak as fund buying picks up

Cotton futures rose two percent on Wednesday and surged to a near six-month high, buoyed by fund buying and expectations of rise in purchases ahead of the expiry of March contract fixation. The March cotton contract on ICE Futures US hit a session high of
Published 03 Feb, 2017 12:00am
Nickel hits three-week high, copper descends

Nickel hits three-week high, copper descends

Nickel prices hit three-week highs on Thursday after the Philippines ordered the closure of 21 mines, mainly nickel producers that account for about half of output in the world's top ore supplier.
Published 03 Feb, 2017 12:00am
Oil little changed as market downplays US-Iran missile test dispute

Oil little changed as market downplays US-Iran missile test dispute

Oil prices were little changed in US trade on Thursday, retracing early gains as traders grew less concerned about mounting tensions between the United States and Iran, but prices were still supported by evidence that OPEC and other big exporters were cut
Published 03 Feb, 2017 12:00am
Tokyo rubber falls

Tokyo rubber falls

Benchmark Tokyo rubber futures fell for a third straight session on Thursday to end down 1.7 percent, hurt by a stronger yen, after having touched their highest level in more than five years earlier this week. The Tokyo Commodity Exchange rubber contract
Published 03 Feb, 2017 12:00am
Production drop, firmer exports lift palm oil by 1.4 percent
Currency

Production drop, firmer exports lift palm oil by 1.4 percent

Malaysian palm oil rose 1.4 percent in the first-half session on Thursday, supported by data showing lower production and improved exports. Benchmark palm oil futures for April delivery on the Bursa Malaysia Derivatives Exchange rose to 3,072 ringgit ($69
Published 03 Feb, 2017 12:00am
Raw sugar tumbles, March/May spread narrows

Raw sugar tumbles, March/May spread narrows

Raw sugar futures on ICE fell sharply from a two-week high on Thursday, on chart-based pressure after failing to hold above the key 21-cent level and weighed down by heavy March/May spreading. London cocoa prices fell to the lowest in more than three year
Published 03 Feb, 2017 12:00am
Gold pares losses in New York

Gold pares losses in New York

Gold gave up some of its losses on Wednesday as the dollar pared gains after the US Federal Reserve held interest rates unchanged at its first meeting since President Donald Trump's inauguration. In a statement following its two-day meeting, the Fed paint
Published 03 Feb, 2017 12:00am
Gold rises in Asia

Gold rises in Asia

Gold hit a more than one-week high on Thursday as the dollar weakened after the US Federal Reserve kept interest rates unchanged at its first meeting since President Donald Trump took office. Spot gold was up 0.6 percent at $1,216 per ounce as of 0601 GMT
Published 03 Feb, 2017 12:00am
Gold reaches 2-1/2 months high in Europe
Currency

Gold reaches 2-1/2 months high in Europe

Gold hit its highest since mid-November on Thursday after the US Federal Reserve gave no clear signal on the likelihood of a March interest rate increase in its latest statement, prompting another drop in the dollar. The US currency slipped to a 12-week l
Published 03 Feb, 2017 12:00am
US MIDDAY: wheat firms

US MIDDAY: wheat firms

US wheat futures firmed on Thursday, with the benchmark Chicago Board of Trade soft red winter wheat contract hitting its highest in more than two weeks on signs of better-than-expected export demand. Soyabeans eased, snapping a rally on Wednesday as larg
Published 03 Feb, 2017 12:00am
US MIDDAY: gold climbs
Currency

US MIDDAY: gold climbs

Gold hit an 11-week high on Thursday after the US Federal Reserve gave no clear signal on the likelihood of a March interest rate increase in its latest statement, prompting another drop in the dollar. The US currency slipped to a 12-week low against a ba
Published 03 Feb, 2017 12:00am
Shahbaz approves new schemes for Southern Punjab

Shahbaz approves new schemes for Southern Punjab

Several new schemes of Southern Punjab were accorded approval in a meeting presided over by Chief Minister Punjab Muhammad Shahbaz Sharif here Thursday. He stated this approval to review the progress stride was done under annual development projects 2016-
Published 03 Feb, 2017 12:00am
FPCCI chief hails Zubair's appointment

FPCCI chief hails Zubair's appointment

Zubair F Tufail, President, FPCCI has hailed the appointment of Muhammad Zubair Umar as Governor of Sindh. He praised that Zubair Umar possesses rich experience of corporate sector and has rendered valuable services as Chairman of Board of Investment and
Published 03 Feb, 2017 12:00am
Audit an important function for good governance: Dar

Audit an important function for good governance: Dar

Finance Minister Senator Ishaq Dar chaired a meeting Thursday to discuss various reforms being undertaken to enhance the quality of audit and capacity of the Audit Department. Finance Minister stated that audit is an important function for good governance
Published 03 Feb, 2017 12:00am
Elysium Towers fail to produce EIA before Senate body

Elysium Towers fail to produce EIA before Senate body

Elysium Towers, a commercial and residential skyscraper in the federal capital, failed to produce environmental impact assessment (EIA) report before the Senate Standing Committee on Climate Change here on Thursday. The committee stressed that the EIA cer
Published 03 Feb, 2017 12:00am
'Make CPEC about the people and then it'll be a game changer,' CEO PPAF

'Make CPEC about the people and then it'll be a game changer,' CEO PPAF

An economist by profession, Qazi Azmat Isa is serving as the Chief Executive Officer at the Pakistan Poverty Alleviation Fund (PPAF). He has previously worked for the World Bank in Pakistan and Afghanistan and at the UNDP. BR Research recently had a detai
Published 03 Feb, 2017 12:00am
'Make CPEC about the people and then it'll be a game changer,' CEO PPAF

'Make CPEC about the people and then it'll be a game changer,' CEO PPAF

An economist by profession, Qazi Azmat Isa is serving as the Chief Executive Officer at the Pakistan Poverty Alleviation Fund (PPAF). He has previously worked for the World Bank in Pakistan and Afghanistan and at the UNDP. BR Research recently had a detai
Published 03 Feb, 2017 12:00am
'A tale of two packages'

'A tale of two packages'

I have read with a lot of interest editorial titled "A tale of two packages" in Tuesday's Business Recorder.
Published 03 Feb, 2017 12:00am
Frankfurt takes early lead in race for Brexit banks

Frankfurt takes early lead in race for Brexit banks

As the prospect of a hard Brexit looms, Frankfurt is taking big strides in the competition among European financial centres to lure banks away from London. On Monday, representatives from 25 major banks trooped into the unremarkable office block on the ou
Published 03 Feb, 2017 12:00am
Duty to one's country

Duty to one's country

Duty is what one is expected or required to do by moral or legal obligation. Recognizing a duty means a person theoretically commits himself to its fulfillment without considering one's own self-interest, even involving some sacrifice of immediate self-in
Published 03 Feb, 2017 12:00am
The debt debate
Currency

The debt debate

Economic indicators are always open to interpretation and debate. Some analyse these numbers objectively whereas others fall prey to their biases-Mohammad Ishaq Dar, Federal Finance Minister.
Published 03 Feb, 2017 12:00am
Safeguards against false accusations

Safeguards against false accusations

In the kind of twist that we have become accustomed to in such cases, an anti-terrorism court in Lahore has acquitted 115 people charged with looting and torching around 200 Christians' houses in Joseph Colony, Badami Bagh, Lahore in March 2013. A Christi
Published 03 Feb, 2017 12:00am
Windy tariff

Windy tariff

On 27th January 2017 National Electric Power Regulatory Authority (Nepra) announced a 20 percent lower benchmark tariff for competitive bidding for all future wind power projects. The objective: to take advantage of the declining international technology
Published 03 Feb, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Wednesday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,162. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 9.61 billion and the number of lots traded was 21,683.
Published 03 Feb, 2017 12:00am
Indian soyabean futures snap 7-day losing streak

Indian soyabean futures snap 7-day losing streak

Indian soyabean futures snapped a seven-day losing streak to end slightly higher on Tuesday, while the soyaoil contract was on track to close higher after three straight sessions of loss. The one-month soyabean futures contract, which has fallen about 4 p
Published 03 Feb, 2017 12:00am
US natural gas futures higher on cooler forecasts

US natural gas futures higher on cooler forecasts

US natural gas futures edged up on Wednesday on forecasts for slightly cooler, but still above-normal temperatures and higher heating demand over the next two weeks. Longer term, meteorologists predicted February would remain warmer than normal but now ex
Published 03 Feb, 2017 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell on Tuesday to a fresh two-week low, pressured by a stronger Canadian dollar. Most active contract gained 1.3 percent for the month. Investors adjusted positions ahead of Friday's Statistics Canada crop stocks report, a tra
Published 03 Feb, 2017 12:00am
Russian winter grains sowing unaffected by weather

Russian winter grains sowing unaffected by weather

Russian winter grains remain unaffected by winter weather so far this season and crop yields could be quite high in 2017, Agriculture Minister Alexander Tkachev said on Wednesday.
Published 03 Feb, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 120,191 tonnes of cargo comprising 87,783 tonnes of import cargo and 32,408 tonnes of export cargo including 6,914 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 03 Feb, 2017 12:00am
Cautious buying ahead of PCGA report
Cotton

Cautious buying ahead of PCGA report

Cautious buying was witnessed on the cotton market on Thursday ahead of the Pakistan Cotton Ginners' Association (PCGA) report, dealers said. The official spot rate was unchanged at Rs 6650, dealers said. In Sindh, seed cotton prices were at Rs 3200-3550,
Published 03 Feb, 2017 12:00am
Robust rise in cotton prices
Cotton

Robust rise in cotton prices

Ready cotton prices spiked up in the domestic market at mid-week following the global trend which tightened at most origins. Presumptions that China would buy cotton following the Lunar holidays, speculators holding long positions and many spinners around
Published 03 Feb, 2017 12:00am
Robust rise in cotton prices
Cotton

Robust rise in cotton prices

Ready cotton prices spiked up in the domestic market at mid-week following the global trend which tightened at most origins. Presumptions that China would buy cotton following the Lunar holidays, speculators holding long positions and many spinners around
Published 03 Feb, 2017 12:00am
English clubs top Euro 2016 compensation list

English clubs top Euro 2016 compensation list

Liverpool led English clubs in taking the lion's share of the 150 million euros ($162 million) compensation handed out by UEFA for freeing players for Euro 2016. Yet while 60 English clubs shared 38.2 million euros ($41.3 million), Icelandic clubs whose c
Published 03 Feb, 2017 12:00am
Suarez, Messi hand Barca Cup lead

Suarez, Messi hand Barca Cup lead

Wonder goals from Luis Suarez and Lionel Messi left Barcelona with a 2-1 Copa del Rey semi-final, first leg advantage over Atletico Madrid to take back to the Camp Nou next week. Suarez's solo effort and a thunderous strike from Messi gave Barca a deserve
Published 03 Feb, 2017 12:00am
Former England and Chelsea star Lampard retires

Former England and Chelsea star Lampard retires

Former England and Chelsea midfield star Frank Lampard retired on Thursday aged 38, calling time on a playing career that will be remembered as one of the Premier League's finest. Lampard did not reveal what he plans to do next, but said he was grateful t
Published 03 Feb, 2017 12:00am
Next phase of U-18 hockey camp from February 11

Next phase of U-18 hockey camp from February 11

The next phase of training camp of Under-18 hockey players is starting here at the Hockey Stadium, Johor Town from February 11, as a part of preparations of hockey team for next Junior World Cup. Pakistan Hockey Federation has announced the names of 36 pl
Published 03 Feb, 2017 12:00am
Movenpick Hotel holds tennis tournament

Movenpick Hotel holds tennis tournament

Movenpick Hotel Karachi took an initiative to promote the sport tennis by organising a Tennis Tournament at its Tennis Court located in Movenpick Fitness and Wellness Centre, here on Thursday. More than 40 players took part in the tournament that belonged
Published 03 Feb, 2017 12:00am
MMS and Ahsan & Co shine in Rafi Polo

MMS and Ahsan & Co shine in Rafi Polo

MMS and Ahsan & Co carved out contrastive victories on the second day of the Rafi Group Polo Cup 2017 here at the Lahore Polo Club on Thursday. In the first match of the day, MMS recorded a thrilling 5-4 triumph against Nama Burger. Azam Hayat Noon and Hu
Published 03 Feb, 2017 12:00am
Second New Zealand-Australia ODI washed out

Second New Zealand-Australia ODI washed out

Rain and a damp outfield forced the abandonment of the second one-day international between New Zealand and Australia without a ball being bowled in Napier on Thursday. The series will now be decided in the final match in Hamilton on Sunday.
Published 03 Feb, 2017 12:00am
Jesus fires Man City, Jakupovic foils Man Utd

Jesus fires Man City, Jakupovic foils Man Utd

Gabriel Jesus opened his Manchester City account in a 4-0 stroll at West Ham United on Wednesday that sent his side level with fourth-place Liverpool in the Premier League.
Published 03 Feb, 2017 12:00am
South Africa rout Sri Lanka

South Africa rout Sri Lanka

South Africa captain AB de Villiers hailed an "almost perfect performance" after his team crushed Sri Lanka by 121 runs in the second one-day international at Kingsmead on Wednesday. He singled out Faf du Plessis and David Miller, who both hit centuries a
Published 03 Feb, 2017 12:00am
Garcia leads, Woods struggles in Dubai

Garcia leads, Woods struggles in Dubai

Sergio Garcia led as Tiger Woods' struggles continued at the Dubai Desert Classic on Thursday. Garcia shot a superb opening round of seven-under par 65 to top the leaderboard by one shot from Chile's Felipe Aguilar and South Africa's George Coetzee.
Published 03 Feb, 2017 12:00am
Sharapova boxes clever as return nears

Sharapova boxes clever as return nears

Maria Sharapova said Wednesday she refused to feel sorry for herself during her doping ban, occupying her time by studying at Harvard, writing a book and even learning how to box. The former world number one and five-time Grand Slam title winner told a Ru
Published 03 Feb, 2017 12:00am
South Africa and EU spar over chicken meat 'dumping'

South Africa and EU spar over chicken meat 'dumping'

South Africa's poultry industry says it is on the brink of collapse due to hotly-denied accusations that the European Union is dumping cheap chicken in the country in a dispute over free trade.
Published 03 Feb, 2017 12:00am
NTDC clarifies

NTDC clarifies

The NTDC spokesman has clarified that the seminar for the contractors, suppliers and manufacturers interested in supplying material for the construction of 220kV, 500kV and 765kV transmission lines was conducted successfully on 02 January 2017. It was mis
Published 03 Feb, 2017 12:00am
MoU signed with Belarus to enhance parliamentary ties

MoU signed with Belarus to enhance parliamentary ties

In a first-ever concrete effort to enhance the parliamentary relations between Pakistan and Belarus, the Senate of Pakistan and Council of the Republic of the National Assembly of the Republic of Belarus have formally signed memorandum of understanding (M
Published 03 Feb, 2017 12:00am
10 wedding venues sealed

10 wedding venues sealed

Staff of Town Planning Wing of Lahore Development Authority (LDA) sealed 10 wedding venues, including a marquee and nine marriage halls, in Harbanspura and Mughalpura along Canal Road on Thursday.
Published 03 Feb, 2017 12:00am
Lahore Book Fair starts at Expo Centre

Lahore Book Fair starts at Expo Centre

The 5-day long Lahore International Book Fair-2017 has started at the Expo Centre on Thursday. As much as 275 publishers, book sellers and government departments have put up their stalls in the book fair which would conclude on February, 6. The Lahore Int
Published 03 Feb, 2017 12:00am
Minister promises to increase seats for minorities in PA

Minister promises to increase seats for minorities in PA

Provincial Minister for Minorities and Human Rights Khlail Tahir Sandhu said that the Punjab government will adopt co-ordinated strategy with consultation of all the concerned stakeholders regarding increase in the seats of minorities in the provincial as
Published 03 Feb, 2017 12:00am
Regional blood centers to be opened on March 15

Regional blood centers to be opened on March 15

Newly-constructed regional blood centers (RBCs), in collaboration of German Institution KFW (Safe Blood Transfusion Project) in Multan and Bahawalpur would be inaugurated on March 15.
Published 03 Feb, 2017 12:00am
Workshop on scientific writing held

Workshop on scientific writing held

Principal Post Graduate Medical Institute and Ameer ud Din Medical College Professor Dr Ghiyas un Nabi Tayyab has said that research fellows in medical field must learn scientific writing to get their research papers published in international journals.
Published 03 Feb, 2017 12:00am
'World Bank should support PTDC by sponsoring various projects'

'World Bank should support PTDC by sponsoring various projects'

President of Multan Chamber of Commerce & Industry (MCCI) Khawaja Jalaluddin Roomi said the World Bank should support Pakistan Tourism Development Corporation (PTDC) in developing the tourist facilities and resorts in southern Punjab by sponsoring differe
Published 03 Feb, 2017 12:00am
EU mission official distributes certificates among shoe assemblers

EU mission official distributes certificates among shoe assemblers

The Deputy Head of Mission, European Union delegation to Pakistan Anne Marchal distributed certificates among the successful participants of the Shoe Assembly training conducted at GILT by the EU funded project under TRTA-III titled PLCIP.
Published 03 Feb, 2017 12:00am
Punjab government hailed for dealers' vehicle registration scheme

Punjab government hailed for dealers' vehicle registration scheme

The Dealers Vehicle Registration Scheme is a revolutionary step of the Punjab government for rapid departmental service delivery under which vehicle dealers are being authorised to make registration of the vehicles for the facility of the citizens.
Published 03 Feb, 2017 12:00am
Punjab government approves Rs 433 million grant for LAC

Punjab government approves Rs 433 million grant for LAC

Punjab government has approved a special grant worth Rs 433 million for Lahore Arts Council here on Thursday. This grant would be utilised for various activities of repair and maintenance of the building besides up-gradation and strengthening of Al-Hamrah
Published 03 Feb, 2017 12:00am
Winners of Unilever Talent Hunt announced

Winners of Unilever Talent Hunt announced

Unilever announced the team from Lahore University of Management Sciences (LUMS) as winners of Unilever Talent Hunt 2016 (UTH 2016) at the grand finale held at a local hotel. Students from universities across Pakistan competed for the opportunity to repre
Published 03 Feb, 2017 12:00am
MoU signed for development of SME sector

MoU signed for development of SME sector

The Small and Medium Enterprises Development Authority (Smeda) and Bank Alfalah Limited (BAL) on Thursday inked a memorandum of understanding (MoU) for the development of SME sector in the country. BAL's Chief Executive Officer Atif Bajwa and Smeda's Gene
Published 03 Feb, 2017 12:00am
PML-N workers angry with Jhagra

PML-N workers angry with Jhagra

Activists of Pakistan Muslim League-Nawaz (PML-N) from North Waziristan Agency, have expressed great resentment over the discriminatory and unjust attitude of Governor Khyber Pakhtunkhwa, Iqbal Zafar Jhagra with them, and demanding the party central leade
Published 03 Feb, 2017 12:00am
Prime Minister to inaugurate completed section of M-9 today

Prime Minister to inaugurate completed section of M-9 today

Prime Minister Nawaz Sharif is all set to inaugurate the 75-kilometre completed section of Karachi-Hyderabad Motorway (M-9) on Friday (today). The National Assembly Standing Committee on Communication in its last meeting had recommended that it would be a
Published 03 Feb, 2017 12:00am
Foreign solutions can't address security issues of South Asia: Nisar

Foreign solutions can't address security issues of South Asia: Nisar

Federal Interior Minister Chaudhry Nisar Ali Khan on Thursday said that the situation in South Asia cannot be seen and understood through foreign security paradigms and foreign solutions cannot address security related issues of the region.
Published 03 Feb, 2017 12:00am
BBC journalist detained by US border agents

BBC journalist detained by US border agents

Customs and Border Protection officers should respect the rights of journalists to protect confidential information when subjecting international reporters to screening on their arrival to the US, the Committee to Protect Journalists (CPJ) said on Thursda
Published 03 Feb, 2017 12:00am
Danish Envoy calls on Fatemi

Danish Envoy calls on Fatemi

The Ambassador of the Kingdom of Denmark to Pakistan, H.E. Ole Thonke, paid a courtesy call on the Special Assistant to the Prime Minister on Foreign Affairs, Syed Tariq Fatemi, on Thursday, at the Foreign Office.
Published 03 Feb, 2017 12:00am