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Print - 2017-04-27
PSX posts modest gains

PSX posts modest gains

Pakistan Stock Exchange (PSX) Wednesday witnessed mixed trend with the benchmark KSE-100 index moving between 49,954.81 points intra-day high and 49,645.24 points intra-day low level. The index closed at 49,827.51 points with a net gain of 42.34 points.
Published 27 Apr, 2017 12:00am
Orban says Soros 'attacking Hungary'

Orban says Soros 'attacking Hungary'

Hungarian Prime Minister Viktor Orban accused US billionaire George Soros of "attacking" his country Wednesday as he defended a law that could close down a university founded by the investor. Orban made his defence in front of the European Parliament just
Published 27 Apr, 2017 12:00am
Orban says Soros 'attacking Hungary'

Orban says Soros 'attacking Hungary'

Hungarian Prime Minister Viktor Orban accused US billionaire George Soros of "attacking" his country Wednesday as he defended a law that could close down a university founded by the investor. Orban made his defence in front of the European Parliament just
Published 27 Apr, 2017 12:00am
No consular access possible, India's HC told

No consular access possible, India's HC told

Pakistan on Wednesday rejected yet another Indian request for consular access to Kulbhushan Jadhav, a RAW agent who has been awarded death penalty. Sources said that Indian High Commissioner to Pakistan Gautam Bambawale held a meeting with Foreign Secreta
Published 27 Apr, 2017 12:00am
No consular access possible, India's HC told

No consular access possible, India's HC told

Pakistan on Wednesday rejected yet another Indian request for consular access to Kulbhushan Jadhav, a RAW agent who has been awarded death penalty. Sources said that Indian High Commissioner to Pakistan Gautam Bambawale held a meeting with Foreign Secreta
Published 27 Apr, 2017 12:00am
RAW, NDS gave help to Pakistani Taliban: Ehsan

RAW, NDS gave help to Pakistani Taliban: Ehsan

Afghan and Indian intelligence agencies gave funds and other assistance to Pakistani Taliban to fight Islamabad, the group's former spokesman, who surrendered last week, said in a video released by Pakistan's military on Wednesday. Afghanistan strongly re
Published 27 Apr, 2017 12:00am
RAW, NDS gave help to Pakistani Taliban: Ehsan

RAW, NDS gave help to Pakistani Taliban: Ehsan

Afghan and Indian intelligence agencies gave funds and other assistance to Pakistani Taliban to fight Islamabad, the group's former spokesman, who surrendered last week, said in a video released by Pakistan's military on Wednesday. Afghanistan strongly re
Published 27 Apr, 2017 12:00am
Dar meets McMaster

Dar meets McMaster

On the last day of the visit, Finance Minister Senator Ishaq Dar had a detailed meeting with the US National Security Advisor Lieutenant General McMaster at the White House. During an hour long meeting, Minister Dar had a comprehensive discussion on topic
Published 27 Apr, 2017 12:00am
Dar meets McMaster

Dar meets McMaster

On the last day of the visit, Finance Minister Senator Ishaq Dar had a detailed meeting with the US National Security Advisor Lieutenant General McMaster at the White House. During an hour long meeting, Minister Dar had a comprehensive discussion on topic
Published 27 Apr, 2017 12:00am
Dar meets McMaster

Dar meets McMaster

On the last day of the visit, Finance Minister Senator Ishaq Dar had a detailed meeting with the US National Security Advisor Lieutenant General McMaster at the White House. During an hour long meeting, Minister Dar had a comprehensive discussion on topic
Published 27 Apr, 2017 12:00am
Dar meets McMaster

Dar meets McMaster

On the last day of the visit, Finance Minister Senator Ishaq Dar had a detailed meeting with the US National Security Advisor Lieutenant General McMaster at the White House. During an hour long meeting, Minister Dar had a comprehensive discussion on topic
Published 27 Apr, 2017 12:00am
IMF to help set up infrastructure bank

IMF to help set up infrastructure bank

Finance Minister Ishaq Dar has outlined the important financial initiatives to be undertaken by the Government in the near future. According to him, Pakistan Infrastructure Bank would be established with a paid up capital of one billion dollars. It would
Published 27 Apr, 2017 12:00am
IMF to help set up infrastructure bank

IMF to help set up infrastructure bank

Finance Minister Ishaq Dar has outlined the important financial initiatives to be undertaken by the Government in the near future. According to him, Pakistan Infrastructure Bank would be established with a paid up capital of one billion dollars. It would
Published 27 Apr, 2017 12:00am
IMF to help set up infrastructure bank

IMF to help set up infrastructure bank

Finance Minister Ishaq Dar has outlined the important financial initiatives to be undertaken by the Government in the near future. According to him, Pakistan Infrastructure Bank would be established with a paid up capital of one billion dollars. It would
Published 27 Apr, 2017 12:00am
Afghanistan expected to do more: Asif

Afghanistan expected to do more: Asif

Federal Defence Minister Khawaja Muhammad Asif has said Pakistan expects the Afghan government to do more in countering terrorist groups responsible for carrying out cross-border attacks and impacting Pakistan. The country's Defence Minister said while ad
Published 27 Apr, 2017 12:00am
Afghanistan expected to do more: Asif

Afghanistan expected to do more: Asif

Federal Defence Minister Khawaja Muhammad Asif has said Pakistan expects the Afghan government to do more in countering terrorist groups responsible for carrying out cross-border attacks and impacting Pakistan. The country's Defence Minister said while ad
Published 27 Apr, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (April 26, 2017).

Published 27 Apr, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (April 26, 2017).

Published 27 Apr, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (April 26, 2017).

Published 27 Apr, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (April 25, 2017).

Published 27 Apr, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (April 25, 2017).
Published 27 Apr, 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 (April 25, 2017).

Published 27 Apr, 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 (April 25, 2017).

Published 27 Apr, 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 27 Apr, 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 27 Apr, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 27 Apr, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 27 Apr, 2017 12:00am
Interloop Limited - A complete vertically integrated company

Interloop Limited - A complete vertically integrated company

Interloop Limited, launched with 10 knitting machines in 1992 has grown into one of the world's largest hosiery manufacturers; a complete vertically integrated company with state-of-the-art spinning, yarn dyeing, knitting and finishing facilities. With ov
Published 27 Apr, 2017 12:00am
HRBS - Human Resource Benchmarking Survey

HRBS - Human Resource Benchmarking Survey

HRBS - Human Resource Benchmarking Survey, launched in 2006 has completed a decade of success, conducted by Sidat Hyder Morshed Associates bi-annually since 2006, is running its 6th cycle this year. HRBS Survey was initiated with an intention of capturing
Published 27 Apr, 2017 12:00am
PMEX daily trading report

PMEX daily trading report

On Tuesday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 2,990. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 5.054 billion and the number of lots traded was 15,587. Major business was contributed by c
Published 27 Apr, 2017 12:00am
US FOB Gulf soya offers mostly steady

US FOB Gulf soya offers mostly steady

Export premiums for soyabeans shipped from the US Gulf Coast were mostly steady with a firm tone on Tuesday, underpinned by steady to higher CIF barge basis values as futures prices dropped, traders said. Top importer China continued to book shipments fro
Published 27 Apr, 2017 12:00am
US natural gas futures fall to five weeks low

US natural gas futures fall to five weeks low

US natural gas futures on Tuesday fell to their lowest level in almost five weeks on forecasts for mild, near-normal weather and low demand expected to keep storage high through mid May On its second to last day as the front month, gas futures for May del
Published 27 Apr, 2017 12:00am
Palm oil prices fall on European vegoils market
Currency

Palm oil prices fall on European vegoils market

Palm oil prices on Europe's vegetable oil market were lower on Tuesday following a sharp fall in Malaysian futures linked to weak demand. Crude palm oil offers were cut by $10 to $17.50 a tonne, cif Rotterdam, as the Malaysian futures market, which was cl
Published 27 Apr, 2017 12:00am
Egypt to buy 3.8 million tons of wheat

Egypt to buy 3.8 million tons of wheat

Egypt has about 2.6 months worth of wheat in its strategic reserves and expects to buy about 3.8 million tonnes from local farmers, Minister of Supply Ali Moselhy told Reuters on Monday at an event to mark the beginning of the local harvest.
Published 27 Apr, 2017 12:00am
Activities of Karachi and Qasim ports

Activities of Karachi and Qasim ports

The Karachi Port handled 107,424 tonnes of cargo comprising 67,874 tonnes of import cargo and 39,550 tonnes of export cargo including 8,702 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 6
Published 27 Apr, 2017 12:00am
Prices firm on cotton market
Cotton

Prices firm on cotton market

Prices were firm on the cotton market on Wednesday as main participants were on the sidelines in the absence of government's incentives for the textile sector, which definitely can help in achieving the desired cotton production target, dealers said. The
Published 27 Apr, 2017 12:00am
EU wheat rises ahead of May contract expiry

EU wheat rises ahead of May contract expiry

European wheat futures in Paris rose on Tuesday, responding to traders adjusting positions in the front-month futures contract before its expiry, gains in US prices in Chicago and concerns about a dry crop conditions. May milling wheat on the Paris-based
Published 27 Apr, 2017 12:00am
Shanghai copper climbs

Shanghai copper climbs

Shanghai Futures Exchange copper climbed 0.8 percent to 46,230 yuan ($6,711) a tonne on Wednesday as the US dollar lost ground against the euro in the wake of the French election, making commodities more affordable for buyers paying with other currencies.
Published 27 Apr, 2017 12:00am
China demand concern push nickel to 10-month low; copper rises
Currency

China demand concern push nickel to 10-month low; copper rises

Nickel prices hit 10-month lows on Wednesday as worries about demand from top consumer China were reinforced by its trade data, which showed falling imports of the metal used to make stainless steel. Benchmark nickel on the London Metal Exchange ended 1 p
Published 27 Apr, 2017 12:00am
Palm oil reverses losses, tracks rising soyaoil
Currency

Palm oil reverses losses, tracks rising soyaoil

Malaysian palm oil rebounded from earlier losses on Wednesday evening, rising for a third session in four as it was lifted by stronger performing soyaoil and in a technical correction. Expectations of slower than forecast output growth also aided the mark
Published 27 Apr, 2017 12:00am
Raw sugar slumps to one-year low

Raw sugar slumps to one-year low

Raw sugar futures on ICE fell to a one-year low on Wednesday, with the benchmark contract attracting its heaviest volume to date as traders eyed an improving 2017-18 crop outlook and automatic sell orders were triggered below 16 cents per lb. July raw sug
Published 27 Apr, 2017 12:00am
Gold falls in New York

Gold falls in New York

Gold prices fell to a two-week low on Tuesday as markets became less concerned that far-right leader Marine Le Pen would win the French presidential election, increasing investor appetite for risky assets such as stocks while denting bullion. Spot gold wa
Published 27 Apr, 2017 12:00am
Gold slips in Asia

Gold slips in Asia

Gold fell to a two-week low in Asia on Wednesday as investors opted for riskier assets such as equities on renewed optimism over the US economy and as political uncertainty in France receded, softening demand for safe-haven assets. Spot gold was mostly un
Published 27 Apr, 2017 12:00am
Gold steadies in European trade

Gold steadies in European trade

Gold recovered from a two-week low on Wednesday as speculators locked in profit from recent losses, but some analysts expect further weakness due to easing political risks. Spot gold was flat at $1,263.30 by 1400 GMT. Earlier in the session prices hit 1,2
Published 27 Apr, 2017 12:00am
Ghana's $1.8 billion loan for 2016-17 cocoa 'is all gone'

Ghana's $1.8 billion loan for 2016-17 cocoa 'is all gone'

The $1.8 billion syndicated loan Ghana procured to purchase cocoa for the 2016-17 season "is all gone" and the country must seek more funding to make purchases for the rest of the season, the new chairman of industry regulator Cocobod said. Ghana is the w
Published 27 Apr, 2017 12:00am
Trump tax reform to seek 15 percent corporate rate

Trump tax reform to seek 15 percent corporate rate

The Trump administration pledged Wednesday to slash corporate rates to 15 percent as it prepared to unveil a long-awaited reform it touts as the "biggest tax cut" in US history. But the plan could face stiff opposition in Congress, including from some Rep
Published 27 Apr, 2017 12:00am
Britain could lose 4,000 Deutsche Bank jobs over Brexit

Britain could lose 4,000 Deutsche Bank jobs over Brexit

Deutsche Bank could move up to 4,000 jobs away from Britain, the group's compliance chief said Wednesday, as Germany's largest lender struggles to work out the consequences of Brexit. "For front office people who want to deal with a European Union client,
Published 27 Apr, 2017 12:00am
BHP copper output slumps, eyes shale sell off

BHP copper output slumps, eyes shale sell off

Mining giant BHP Billiton reported a slump in copper output Wednesday as strike action at the world's largest mine for the metal dented production, while flagging the sale of some US shale assets. The world's biggest miner said copper production slid 44 p
Published 27 Apr, 2017 12:00am
EU seeks deeper social rights to thwart populists

EU seeks deeper social rights to thwart populists

The EU unveiled a raft of proposals on Wednesday to improve the work-life balance for Europeans in an effort to fight accusations by populist parties that Brussels is too beholden to budget cuts and free markets. The new ideas include an EU-wide policy on
Published 27 Apr, 2017 12:00am
Boeing profits jump but commercial air deliveries fall

Boeing profits jump but commercial air deliveries fall

Aerospace giant Boeing said Wednesday declining costs boosted earnings for the latest quarter, but revenues missed analyst expectations as commercial plane deliveries dropped. Net income for the quarter ending March 31 rose 19 percent to $1.5 billion. But
Published 27 Apr, 2017 12:00am
Ukraine Prime Minister fumes after raid on largest investment bank

Ukraine Prime Minister fumes after raid on largest investment bank

Ukraine's prime minister lashed out Wednesday at the security service for conducting a surprise search at the headquarters of the country's largest investment bank. Dragon Capital said the Security Service of Ukraine (SBU) seized its computers as part of
Published 27 Apr, 2017 12:00am
Credit Suisse raises fresh capital, drops Swiss IPO

Credit Suisse raises fresh capital, drops Swiss IPO

Credit Suisse said Wednesday it had launched a share issue aimed at raising some $4.0 billion to allay capital fears, and backtracked on plans to take part of its Swiss division public. Switzerland's second largest bank also said it had bounced back to bl
Published 27 Apr, 2017 12:00am
Credit Suisse raises fresh capital, drops Swiss IPO

Credit Suisse raises fresh capital, drops Swiss IPO

Credit Suisse said Wednesday it had launched a share issue aimed at raising some $4.0 billion to allay capital fears, and backtracked on plans to take part of its Swiss division public. Switzerland's second largest bank also said it had bounced back to bl
Published 27 Apr, 2017 12:00am
P&G cites rocky geopolitics as earnings decline

P&G cites rocky geopolitics as earnings decline

Procter & Gamble reported declines in both sales and profits Wednesday, saying challenging geopolitical and economic conditions hit consumer demand. The maker of Tide detergent and Head & Shoulders shampoo reported earnings in its fiscal third-quarter of
Published 27 Apr, 2017 12:00am
P&G cites rocky geopolitics as earnings decline

P&G cites rocky geopolitics as earnings decline

Procter & Gamble reported declines in both sales and profits Wednesday, saying challenging geopolitical and economic conditions hit consumer demand. The maker of Tide detergent and Head & Shoulders shampoo reported earnings in its fiscal third-quarter of
Published 27 Apr, 2017 12:00am
Xi calls for increased efforts to maintain financial security

Xi calls for increased efforts to maintain financial security

Chinese President Xi Jinping called on Tuesday for increased efforts to ward off systemic risks to help maintain financial security, the official Xinhua news agency said. The country's leaders have pledged to shift the emphasis to addressing financial ris
Published 27 Apr, 2017 12:00am
Tokyo shares soar

Tokyo shares soar

Tokyo stocks rose for a fourth successive day on Wednesday as part of a global rally, buoyed by solid US corporate earnings and a slide in the yen. Investors were keenly awaiting Donald Trump's US tax cut plans, which are due later in the day, while easin
Published 27 Apr, 2017 12:00am