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Exchange

Copper recovers as China battles to shore up equities

Copper bounced on Tuesday as China pumped in an estimated $20 billion to stabilise its equity and currency markets, though worries over slowing demand in the world's top metals user kept gains firmly in check. China stocks ended higher thanks to the huge

Published 06 Jan, 2016 12:00am

Exchange

Islamabad seeks closer military ties with Colombo

Prime Minister Nawaz Sharif called Tuesday for closer military cooperation with Sri Lanka on an official visit to the island. Pakistan was a key supplier of arms and aircraft for Sri Lanka's military in their battle against separatist Tamil Tiger rebels d

Published 06 Jan, 2016 12:00am

Exchange

LME official prices

The following were Monday official prices.

Published 06 Jan, 2016 12:00am

Exchange

Shanghai copper climbs

Shanghai Futures Exchange copper trimmed small losses to climb 1.2 percent to 36,590 yuan ($5,612) a tonne on Tuesday, having shown more resilience on Monday, hitting only a three-session low. Chinese shares regained some footing after a rout the session

Published 06 Jan, 2016 12:00am

Exchange

Funding of non-LC imports: sources have to be declared

Finance Minister, Senator Ishaq Dar here on Tuesday chaired a meeting regarding import related payments through banking channels. The meeting was attended by senior officials of the Ministry of Finance, FBR and State Bank of Pakistan, a press release issu

Published 06 Jan, 2016 12:00am

Exchange

PSC to approve new cotton varieties tomorrow

Punjab Seed Council (PSC) has convened its meeting tomorrow (January 7) in Lahore to consider the approval of 19 BT cotton varieties and two hybrid variety for cultivation in Punjab. PSC will also approve the new varieties of different crops for general c

Published 06 Jan, 2016 12:00am

Exchange

Daily trading report of PMEX

On Monday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 7,492 million. The number of lots traded was 32.07 million. PMEX Commodity Index closed at 2,521. Major business was contributed by gold amounting to PKR 6,205 million followed by cru

Published 06 Jan, 2016 12:00am

Exchange

Funding of non-LC imports: sources have to be declared

Published 06 Jan, 2016 12:00am

Mutual Funds

PMR, FCM certificates mandatory for only CEOs, CIOs, others of Modarabas

The Pakistan Markets and Regulations Programme (PMR) and Fundamentals of Capital Market (FCM) certifications shall be mandatory only for Chief Executive Officers, Chief Investment Officers, Head of Operations, Head of Compliance and Head of Sales (by what

Published 06 Jan, 2016 12:00am

Exchange

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 06 Jan, 2016 12:00am

Exchange

Singer Pakistan Limited

One of the oldest companies in South Asia Singer Pakistan Limited's presence in the subcontinent goes as far as 1877 when the first Singer sewing machine went on sale at Singer store in the region. Now, it has become a well-diversified company that has it