BR100 Increased By (1.77%)
BR30 Increased By (1.96%)
KSE100 Increased By (1.59%)
KSE30 Increased By (1.65%)
BECO 5.62 Increased By ▲ 0.04 (0.72%)
BML 59.51 Decreased By ▼ -1.71 (-2.79%)
BOP 34.61 Increased By ▲ 0.93 (2.76%)
CNERGY 8.08 No Change ▼ 0.00 (0%)
DCL 12.05 Increased By ▲ 0.41 (3.52%)
FCCL 54.40 Increased By ▲ 2.26 (4.33%)
FCSC 5.52 Decreased By ▼ -0.11 (-1.95%)
FFL 18.05 Increased By ▲ 0.04 (0.22%)
FNEL 1.33 Decreased By ▼ -0.02 (-1.48%)
HUMNL 11.07 Increased By ▲ 0.03 (0.27%)
KEL 8.05 Increased By ▲ 0.21 (2.68%)
KOSM 5.88 Increased By ▲ 0.15 (2.62%)
MLCF 90.52 Increased By ▲ 4.01 (4.64%)
NBP 190.17 Increased By ▲ 5.87 (3.19%)
PACE 11.53 Decreased By ▼ -0.12 (-1.03%)
PAEL 41.07 Increased By ▲ 1.11 (2.78%)
PIAHCLA 25.84 Increased By ▲ 0.17 (0.66%)
PIBTL 17.51 Increased By ▲ 0.24 (1.39%)
PPL 225.84 Increased By ▲ 3.17 (1.42%)
PRL 34.63 Increased By ▲ 0.17 (0.49%)
PTC 64.62 Increased By ▲ 0.88 (1.38%)
SEARL 91.38 Increased By ▲ 0.92 (1.02%)
SSGC 26.97 Increased By ▲ 0.30 (1.12%)
TELE 8.93 Increased By ▲ 0.02 (0.22%)
THCCL 69.16 Increased By ▲ 0.69 (1.01%)
TPLP 10.90 Decreased By ▼ -0.30 (-2.68%)
TREET 24.64 Decreased By ▼ -0.06 (-0.24%)
TRG 69.78 Decreased By ▼ -0.81 (-1.15%)
WAVES 11.16 Increased By ▲ 0.05 (0.45%)
WTL 1.27 No Change ▼ 0.00 (0%)
اردو
Android App
Print Edition Dollar to PKR
Budget 2026-27 Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices
Archive - 2016-12-01
Syrian rebels vow to resist army advances in Aleppo

Syrian rebels vow to resist army advances in Aleppo

Syrian rebels on Wednesday vowed to fight on in east Aleppo in the face of sudden government advances that have cut the area held by the opposition by a third in recent days and brought insurgents in the city to the brink of a catastrophic defeat. Gains b
Published 01 Dec, 2016 12:00am
EU to boost joint defence spending

EU to boost joint defence spending

The EU unveiled ambitious plans Wednesday to boost joint defence spending including on shared assets like drones and helicopters, as concerns grow that President-elect Donald Trump may downgrade the US security commitment. Trump shocked long-time Nato all
Published 01 Dec, 2016 12:00am
Former Costa Rican president Monge dies

Former Costa Rican president Monge dies

Luis Alberto Monge, a former Costa Rican president who held office in the 1980s and declared his country's neutrality in armed conflicts, has died aged 90, his family said on Wednesday. Monge died of cardiorespiratory failure late Tuesday after being take
Published 01 Dec, 2016 12:00am
'Thank the aliens': Thousands displaced for China's huge telescope

'Thank the aliens': Thousands displaced for China's huge telescope

Humanity's best bet at detecting aliens is a giant silver Chinese dish the size of 30 football fields - one that simultaneously showcases Beijing's abilities to deploy cutting-edge technologies and ignore objectors' rights as it seeks global prominence.
Published 01 Dec, 2016 12:00am
Hafeez clears bowling action test

Hafeez clears bowling action test

Pakistani allrounder Mohammad Hafeez was cleared to bowl at the international level Wednesday, more than a year after his ban, cricket's world governing body said as tests found his action was within allowed limits. The 36-year-old was banned from bowling
Published 01 Dec, 2016 12:00am
Civil Quarters Peshawar win KP Inter-Club Hockey

Civil Quarters Peshawar win KP Inter-Club Hockey

Civil Quarters Peshawar lifted the trophy after defeating Bejligar Mardan in the sudden-death final of the KP Regional Inter-Club Championship played here at Lala Ayub Hockey Stadium on Wednesday. Inspector General of Police Khyber Pakhtunkhwa Nasir Khan
Published 01 Dec, 2016 12:00am
'Difficult' Hamilton ties will persist: Rosberg

'Difficult' Hamilton ties will persist: Rosberg

Newly-crowned Formula One world champion Nico Rosberg said Wednesday his relationship with rival and Mercedes team-mate Lewis Hamilton would "always be difficult" after a fierce title battle. Rosberg claimed his maiden world title with a second-place fini
Published 01 Dec, 2016 12:00am
Bangladesh players fined for female guests

Bangladesh players fined for female guests

The Bangladesh Cricket Board has levied a record fine on two national team players for what it called "serious" breaches of discipline after they reportedly entertained female guests in their hotel rooms. Pace bowler Al-Amin Hossain and batsman Sabbir Rah
Published 01 Dec, 2016 12:00am
Southgate lands England job on permanent basis

Southgate lands England job on permanent basis

Gareth Southgate was appointed England's new full-time manager on Wednesday and will lead the national team's challenge for the 2018 World Cup and 2020 European Championship. The 46-year-old, who has been in charge of the England squad for four games on a
Published 01 Dec, 2016 12:00am
Swiss police raid homes in World Cup probe

Swiss police raid homes in World Cup probe

wiss police raided homes last week as part of a broadening probe into corruption allegations over the awarding of the 2006 World Cup to Germany, prosecutors said Wednesday. The investigation targeting members of the 2006 World Cup organising committee, in
Published 01 Dec, 2016 12:00am
Two more matches decided in Rafi Alam Memorial Polo

Two more matches decided in Rafi Alam Memorial Polo

Allied Bank and Habib Metro Lions registered victories in matches played in the Lieutenant General Shah Rafi Alam Memorial Polo Cup 2016 here at the Lahore Polo Club (LPC) ground on Wednesday. In the first match of the day, Allied Bank thrashed Guard Grou
Published 01 Dec, 2016 12:00am
Wasim Akram to train Sri Lanka pacers

Wasim Akram to train Sri Lanka pacers

Sri Lanka on Wednesday said it has roped in legendary Pakistan paceman Wasim Akram as a mentor ahead of the team's gruelling tour of South Africa next month. Akram, 50, will conduct a day-long coaching clinic in Colombo on Thursday, Sri Lanka Cricket said
Published 01 Dec, 2016 12:00am
NUST Islamabad win All-Pakistan Inter-University Women Squash

NUST Islamabad win All-Pakistan Inter-University Women Squash

UST Islamabad clinched the trophy after defeating defending Championship Iqra University Karachi by 2-1 in the final of the All-Pakistan Inter-University Women Squash Championship organised by Shaheed Benazir Bhutto Women University here at PSB Mohib Ulla
Published 01 Dec, 2016 12:00am
England add Jennings, Dawson to Test squad

England add Jennings, Dawson to Test squad

Uncapped opener Keaton Jennings and all-rounder Liam Dawson will join the England squad as replacements for the remaining two Test matches against India, the team management said Wednesday. Jennings, 24, will replace Haseeb Hameed, who has been ruled out
Published 01 Dec, 2016 12:00am
Pakistan to host first Davis Cup match in 12 years

Pakistan to host first Davis Cup match in 12 years

Pakistan said Wednesday it has received the green light to host its first Davis Cup tennis tie at home for 12 years, after being forced to play at neutral venues due to security fears. International sporting events have been rarely held in the country whi
Published 01 Dec, 2016 12:00am
Woodburn makes history as Liverpool move into League Cup semis

Woodburn makes history as Liverpool move into League Cup semis

Liverpool starlet Ben Woodburn made history as the teenage striker became the club's youngest ever goalscorer in Tuesday's 2-0 win over Leeds in the League Cup quarter-finals. Aged 17 years and 45 days, Woodburn enjoyed a moment to remember forever in the
Published 01 Dec, 2016 12:00am
Cook and England to unwind before fourth Test

Cook and England to unwind before fourth Test

England captain Alastair Cook is looking forward to a rare week-long break in a hectic playing schedule after the heavy third Test defeat against India in Mohali Tuesday. Virat Kohli's side won by eight wickets to take an unassailable 2-0 lead in the five
Published 01 Dec, 2016 12:00am
Kiwi surges, Aussie down

Kiwi surges, Aussie down

The New Zealand dollar hit a three-week high on Wednesday after the central bank stepped up warnings on house prices, reinforcing market expectations it was done cutting interest rates. In contrast, the Australian dollar lost momentum following a sharp co
Published 01 Dec, 2016 12:00am
Opec effect helps sterling to best month versus euro since 2009
Currency

Opec effect helps sterling to best month versus euro since 2009

Sterling surged back to an 11-week high against the euro in late trade in London on Wednesday, racking up its best month since January 2009 as a deal to cut Opec oil output weakened the single currency against the dollar. The pound had suffered earlier, w
Published 01 Dec, 2016 12:00am
Sri Lankan rupee gains
Currency

Sri Lankan rupee gains

The Sri Lankan rupee ended higher on Wednesday as exporter dollar sales surpassed importer demand for the greenback after the central bank said it was in advance talks with China Development Bank for a $200 million swap. However, dealers expect the rupee
Published 01 Dec, 2016 12:00am
Trump, rising US yields knock Asia FX in November
Currency

Trump, rising US yields knock Asia FX in November

Emerging Asian currencies were set to post monthly losses in November after Republican Donald Trump's surprise US election win inspired a rousing rally in the dollar. Wednesday's Asian session saw modest gains for regional currencies, with the Chinese yua
Published 01 Dec, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Inter-bank buy/sell rates for the taka against the dollar on Wednesday. 78.75-78.75 (previous 78.71-78.72).
Published 01 Dec, 2016 12:00am
Dollar slips in New York
Currency

Dollar slips in New York

The dollar fell on Tuesday as it consolidated its position against most major currencies after a roller-coaster 24 hours which traders say may be a precursor to three weeks of risk-packed events including the Federal Reserve's December policy meeting. Aft
Published 01 Dec, 2016 12:00am
Early trade in New York: dollar surges to 8-1/2-month high against yen

Early trade in New York: dollar surges to 8-1/2-month high against yen

The US dollar hit its highest level against the yen in 8-1/2 months on Wednesday and also surged against the euro and Swiss franc after a surge in oil prices pushed US Treasury yields higher, while strong private payrolls data bolstered expectations for a
Published 01 Dec, 2016 12:00am
Dollar rises in Europe
Currency

Dollar rises in Europe

The dollar edged up on Wednesday as a surge in oil prices encouraged expectations of rises in inflation and US Treasury yields, putting the greenback on track for its strongest performance against the yen in seven years. The dollar hit its highest level a
Published 01 Dec, 2016 12:00am
Dollar up against yen, euro in Asia
Currency

Dollar up against yen, euro in Asia

The dollar pared earlier losses against the yen and euro and edged up on Wednesday, as US debt yields resumed their ascent. The greenback's gains were limited, however, as traders braced for a meeting by the Organisation of the Petroleum Exporting Countri
Published 01 Dec, 2016 12:00am
Surging oil price pushes Britain's FTSE higher

Surging oil price pushes Britain's FTSE higher

Britain's top share index rose on Wednesday, led by rebounding energy stocks after oil prices surged to their biggest one-day gain in nine months when major producers agreed to output cuts to curb oversupply. The bluechip FTSE 100 index closed up 0.2 perc
Published 01 Dec, 2016 12:00am
Most Southeast Asian markets higher

Most Southeast Asian markets higher

Most Southeast Asian stock markets ended higher on Wednesday in cautious trading ahead of a meeting of the Organisation of the Petroleum Exporting Countries (Opec) to cut oil production in an effort to prop up prices that have more than halved since 2014.
Published 01 Dec, 2016 12:00am
Sri Lanka shares edge up

Sri Lanka shares edge up

Sri Lankan shares ended slightly higher on Wednesday as investors sought bargains in bluechips but concerns over recent budget tax proposals weighed on sentiment. The Colombo stock index ended up 0.15 percent at 6,241.10, ending three sessions of losses.
Published 01 Dec, 2016 12:00am
European equities powered by Opec deal; Italy outperforms

European equities powered by Opec deal; Italy outperforms

European shares hit a three-week high on Wednesday, ending the month in positive territory, with energy stocks racing higher as oil prices jumped after a deal to curb global oversupply. The European oil and gas index rose 3.4 percent, its best day since e
Published 01 Dec, 2016 12:00am
China's bluechip index snaps seven-day winning streak

China's bluechip index snaps seven-day winning streak

China's bluechip stock index slid on Wednesday, snapping a 7-session winning streak, as raw material stocks tanked after commodity prices were hit by fears of a liquidity squeeze. The bluechip CSI300 index fell 0.7 percent, to 3,538.00 points, while the S
Published 01 Dec, 2016 12:00am
Indian shares gain for fourth day

Indian shares gain for fourth day

Indian shares rose for a fourth consecutive session as banks rallied after the central bank allowed lenders to include old 500 and 1,000 rupee notes as part of their cash balance, making it easier to meet cash reserve ratio requirements. But indexes still
Published 01 Dec, 2016 12:00am
Treasury yields edge lower

Treasury yields edge lower

US Treasury yields edged lower on Tuesday, with long-dated yields touching their lowest levels in nearly two weeks, as institutional investors bought US government bonds to balance their portfolios after this month's selloff. US 30-year Treasury yields hi
Published 01 Dec, 2016 12:00am
Treasury yields edge lower

Treasury yields edge lower

US Treasury yields edged lower on Tuesday, with long-dated yields touching their lowest levels in nearly two weeks, as institutional investors bought US government bonds to balance their portfolios after this month's selloff. US 30-year Treasury yields hi
Published 01 Dec, 2016 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks rose slightly in cautious trading on Wednesday, paced by modest gains in tech heavyweights including Taiwan Semiconductor Manufacturing Co (TSMC). As of 0326 GMT, the main TAIEX index was up 0.3 percent at 9,218.24 points, hovering near a th
Published 01 Dec, 2016 12:00am
Wall Street inches up; Nasdaq hits record

Wall Street inches up; Nasdaq hits record

US stocks edged higher on Tuesday, pushing the Nasdaq to a record high, with an upbeat outlook from UnitedHealth lifting health insurers. Limiting the advance was a slide in oil prices, which pushed the S&P energy index down 0.9 percent. The healthcare in
Published 01 Dec, 2016 12:00am
Tokyo stocks flat

Tokyo stocks flat

Tokyo shares ended flat Wednesday as nervous investors await a key meeting of top oil producers later in the day hoping they can hammer out a deal to cut output and support prices. Markets want to see if the Vienna meeting of the Organisation of Petroleum
Published 01 Dec, 2016 12:00am
Hong Kong stocks rebound

Hong Kong stocks rebound

Hong Kong stocks followed Wall Street higher on Wednesday but gains were limited as investors were reluctant to buy shares ahead of an Opec meeting and Italy's referendum result. The benchmark Hang Seng index added 0.2 percent, to 22,789.77 points, bringi
Published 01 Dec, 2016 12:00am
Oil boosts Gulf markets, Saudi index hits year-high

Oil boosts Gulf markets, Saudi index hits year-high

An 8 percent leap in oil prices due to hopes for Opec output cuts boosted Gulf stock markets on Wednesday with Saudi Arabia climbing to its highest level this year, while foreign buying lifted Egypt's bourse again. The Saudi index climbed 1.5 percent to 7
Published 01 Dec, 2016 12:00am
Russia elevates ex-banker to economy minister

Russia elevates ex-banker to economy minister

President Vladimir Putin on Wednesday appointed deputy finance minister Maxim Oreshkin as economy minister, replacing Alexei Ulyukayev who was dismissed this month after being charged with taking a $2-million bribe. "You haven't been working long, but...
Published 01 Dec, 2016 12:00am
India's economy grows 7.3 percent in Q2
Currency

India's economy grows 7.3 percent in Q2

India's economy grew by a lower-than-expected 7.3 percent in the second quarter, the government said Wednesday, adding to pressure to cut rates amid warnings that a cash shortage will dent annual growth. Gross domestic product in the world's fastest-growi
Published 01 Dec, 2016 12:00am
Bank capital deal takes shape despite impasse says Basel head

Bank capital deal takes shape despite impasse says Basel head

An outline deal on how much capital banks must hold to avoid a repeat of the financial crisis has taken shape, a top regulator said on Wednesday, despite the failure of negotiators at a two-day meeting to reach agreement on global standards. The European
Published 01 Dec, 2016 12:00am
BoE steps up cyber security tests for banks

BoE steps up cyber security tests for banks

The recent theft of money from accounts at retailer Tesco's online banking arm caused the British authorities to enact contingency plans to allow lenders to share information after the attack, the Bank of England said on Wednesday. The bank also said in i
Published 01 Dec, 2016 12:00am
Zimbabwe police fire tear gas at bank note protest
Currency

Zimbabwe police fire tear gas at bank note protest

Riot police in Zimbabwe fired tear gas and beat up opposition protesters marching Wednesday through Harare against the new "bond note" currency, an AFP reporter said. Zimbabwe's central bank on Monday rolled out the "bond notes" - equivalent to the US dol
Published 01 Dec, 2016 12:00am
US private jobs, consumer spending data support Fed rate hike

US private jobs, consumer spending data support Fed rate hike

US private employers stepped up hiring in November and consumer spending increased last month, the latest signs of economic strength that could further cement the case for an interest rate hike from the Federal Reserve next month. The data on Wednesday al
Published 01 Dec, 2016 12:00am
Eurozone inflation hits 31-month high

Eurozone inflation hits 31-month high

Eurozone inflation hit a 31-month high in November, data showed on Wednesday, providing modest relief for the European Central Bank ahead of an interest rate decision next week as price growth finally ticks up after years of flirting with deflation.
Published 01 Dec, 2016 12:00am
Poland's investment declines at fastest pace in six years

Poland's investment declines at fastest pace in six years

Poland suffered its biggest contraction in investment for more than six years in the third quarter, data showed on Wednesday, as reduced inflows of European Union aid and political uncertainty discouraged firms from spending. Despite the drop in investmen
Published 01 Dec, 2016 12:00am
EU unveils plans to boost 'clean energy' use

EU unveils plans to boost 'clean energy' use

The EU on Wednesday unveiled "clean energy" plans to boost renewables, cut waste and reduce subsidies for coal power in a bid to meet commitments under the Paris climate deal. Binding energy efficiency targets would also be raised by 30 percent by 2030 un
Published 01 Dec, 2016 12:00am
Companies using Indonesian palm oil tainted by abuse: Amnesty

Companies using Indonesian palm oil tainted by abuse: Amnesty

Multinational companies are selling consumer products containing palm oil from Indonesian plantations where workers suffer rights abuses, Amnesty International warned Wednesday, listing problems including child labour and exposure to toxic chemicals.
Published 01 Dec, 2016 12:00am
Maersk Line eyeing German acquisition

Maersk Line eyeing German acquisition

The container shipping unit of Danish conglomerate A.P. Moller-Maersk on Tuesday refused to comment on a report that it was mulling an acquisition of German peer Hamburg Sud. The company was interested in buying the entire business, which had $6.7 billion
Published 01 Dec, 2016 12:00am
Thai cabinet approves tax break to boost tourism

Thai cabinet approves tax break to boost tourism

Thailand's cabinet on Tuesday approved an additional tax break to boost tourism as the military government struggles to boost sluggish economic growth. The government will allow Thais a tax deduction of up to 15,000 baht ($421.47) on what they spend on it
Published 01 Dec, 2016 12:00am
Thai cabinet approves tax break to boost tourism

Thai cabinet approves tax break to boost tourism

Thailand's cabinet on Tuesday approved an additional tax break to boost tourism as the military government struggles to boost sluggish economic growth. The government will allow Thais a tax deduction of up to 15,000 baht ($421.47) on what they spend on it
Published 01 Dec, 2016 12:00am
South Korea October factory output declines more than expected

South Korea October factory output declines more than expected

South Korea's tepid factory output sagged even further in October as production of electronic components and telecommunications equipment fell, clouding the economic growth outlook. In monthly terms, industrial output declined 1.7 percent in October on a
Published 01 Dec, 2016 12:00am
Slovenia's Q3 growth beats forecasts

Slovenia's Q3 growth beats forecasts

Slovenia beat forecasts with 1 percent growth in the third quarter compared to the 2015 quarter - its strongest quarterly growth for more than two years - boosted by consumer spending and exports, including tourism, data showed on Wednesday. Tourist overn
Published 01 Dec, 2016 12:00am
Strong economic rebound gives Bank of Canada room to keep rates steady

Strong economic rebound gives Bank of Canada room to keep rates steady

Canada's economy accelerated in the third quarter at its fastest pace in more than two years as it benefited from a rebound in oil exports, cementing expectations that the central bank will keep interest rates steady next week. Gross domestic product grew
Published 01 Dec, 2016 12:00am
Greek economy grows in Q3

Greek economy grows in Q3

Greece's economy expanded for the second quarter in a row and by more than analysts expected in July-September, statistics service data showed on Tuesday, boding well for a stronger recovery next year after a protracted recession. Revised estimates showed
Published 01 Dec, 2016 12:00am
Foreign firms hit by tax demands rethink Tanzanian expansion

Foreign firms hit by tax demands rethink Tanzanian expansion

Some of Tanzania's biggest foreign investors say they could scale back their operations or expansion plans because of tougher demands placed on companies, including higher tax bills, as part of the president's drive to overhaul the economy.
Published 01 Dec, 2016 12:00am
Saint-Tropez VIPs hit by private jet ban

Saint-Tropez VIPs hit by private jet ban

VIPs and super-rich foreign homeowners in Saint-Tropez are up in arms over new rules preventing private jets from most countries using the famed French resort's local airport, businesses and officials say. New regulations mean that jets that originate fro
Published 01 Dec, 2016 12:00am
US MIDDAY: soya falls; wheat, corn rise

US MIDDAY: soya falls; wheat, corn rise

US soyabean futures fell on Wednesday in the second straight day of declines as investors evened out positions and locked in profits from monthly gains, traders said. Corn and wheat futures, on track for monthly losses, edged higher on support from a mild
Published 01 Dec, 2016 12:00am
South Africa farmers to plant 35 percent of maize

South Africa farmers to plant 35 percent of maize

South African farmers intend to plant 35 percent more hectares of maize than last season as improved weather conditions encourage them to sow, a Reuters poll showed on Tuesday. South Africa's Crop Estimates Committee (CEC) is expected to forecast the plan
Published 01 Dec, 2016 12:00am
Gold slides in Europe

Gold slides in Europe

Gold slipped on Wednesday, adding to its deepest monthly losses in over three years as strong US economic data buoyed the dollar and further cemented the case for hiking rates in December. US private employers stepped up hiring in November much more than
Published 01 Dec, 2016 12:00am
Gold unchanged in Asia

Gold unchanged in Asia

Gold was on track for its biggest monthly decline since June 2013, largely pressured by an imminent US interest rate hike by the Federal Reserve in December on expectations of improving economic growth. Spot gold on Wednesday was nearly unchanged at $1,18
Published 01 Dec, 2016 12:00am
Gold falls in New York
Currency

Gold falls in New York

Gold prices fell on Tuesday due to expectations of rising US interest rates and improving sentiment for global economic growth, which mean investors are likely to favour risk assets such as equities. Bullion prices came off their lows as the US dollar tur
Published 01 Dec, 2016 12:00am
London cocoa slips to 1-1/2 year low, sugar falls

London cocoa slips to 1-1/2 year low, sugar falls

Cocoa futures in London fell to a 1-1/2 year low on Wednesday as options-related selling hastened a decline linked to an increasing flow of supplies out of West Africa. Dealers said some of the selling in London cocoa was linked to the expiry of December
Published 01 Dec, 2016 12:00am
Malaysian palm oil reverses course to rise

Malaysian palm oil reverses course to rise

Malaysian palm futures reversed course to gain in late trade on Wednesday as they tracked a rally in crude oil prices, following stronger prospects that oil supplies could be cut. Saudi Arabia's energy minister said at a meeting of the Organisation of the
Published 01 Dec, 2016 12:00am
Rubber tumbles

Rubber tumbles

Benchmark Tokyo rubber futures tumbled nearly 5 percent on Wednesday as a plunge in Shanghai futures sparked profit-taking following the recent rally, but posted their biggest monthly jump in 10 years. The Tokyo Commodity Exchange rubber contract for May
Published 01 Dec, 2016 12:00am
Copper falls to one-week low before late rebound

Copper falls to one-week low before late rebound

Copper fell to one-week lows on Wednesday as investors cut bets on higher prices due to growing doubts that this month's sizzling rally was built on solid fundamentals. Benchmark copper on the London Metal Exchange fell to a one-week low of $5,612.50 befo
Published 01 Dec, 2016 12:00am
Shanghai metals sour
Currency

Shanghai metals sour

Shanghai metals came under heavy selling pressure on Wednesday, with zinc, copper and lead down sharply as worries about a cash crunch in China were compounded by ShFE measures to curb a searing rally in steel. Yuan borrowing costs in Shanghai surged to a
Published 01 Dec, 2016 12:00am
Cotton falls on muted demand
Cotton

Cotton falls on muted demand

Cotton futures fell one percent on Tuesday, recording the biggest one-day percentage drop in over two weeks, hurt by weaker demand for US cotton. "Polyester prices are running at about half that of cotton and Indian cotton is becoming more available," sai
Published 01 Dec, 2016 12:00am
European vegoils: palm oil firmer

European vegoils: palm oil firmer

Palm oil on the European vegetable oils market firmed on Monday on technical buying in futures markets towards the end of the year, buoyed by concerns about tight nearby supplies. Palm oil was offered between unchanged and $12.50 a tonne up from Friday af
Published 01 Dec, 2016 12:00am
Prices steady on cotton market
Cotton

Prices steady on cotton market

Prices halted further decline on the back of persisting demand by spinners on Wednesday in the process of trading, dealers said. The official spot rate was unchanged at Rs 6250, dealers said. In Sindh, seed cotton prices were at Rs 2600-3250, they said th
Published 01 Dec, 2016 12:00am
Activities of Karachi Port

Activities of Karachi Port

The Karachi Port handled 197,327 tonnes of cargo comprising 157,967 tonnes of import cargo and 39,360 tonnes of export cargo including 5,983 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Published 01 Dec, 2016 12:00am
US natural gas futures climb two percent

US natural gas futures climb two percent

US natural gas futures climbed over 2 percent on Tuesday after the front-month rolled to the higher-priced January contract despite forecasts for steady, near-normal temperatures over the next two weeks. On its first day as the front-month, January future
Published 01 Dec, 2016 12:00am
Chinese iron ore futures tumble six percent

Chinese iron ore futures tumble six percent

Chinese iron ore futures fell more than 6 percent on Tuesday, as steel prices fell by about the same extent after hitting a 31-month high in a rally that prompted exchanges to again step in to tame the surging market. A reduction in China's steel capacity
Published 01 Dec, 2016 12:00am
US FOB Gulf corn offers lower on muted demand

US FOB Gulf corn offers lower on muted demand

Export premiums for corn shipped from the US Gulf Coast were flat to lower on Tuesday on light to moderate demand and ample supplies, traders said. Routine buyers inquired about prices for early 2017 shipments, a period in which US corn is competitively p
Published 01 Dec, 2016 12:00am
Asian naphtha crack recovers from two-week low

Asian naphtha crack recovers from two-week low

Asia's naphtha crack recovered from a near two-week low to a two-session high of $76.75 a tonne on Tuesday, supported by demand from South Korea. Hanwha Total, LG Chem and GS Caltex were in the spot market looking to buy naphtha for first-half January del
Published 01 Dec, 2016 12:00am
Supply of Vietnamese coffee likely to rise in coming weeks

Supply of Vietnamese coffee likely to rise in coming weeks

Supply of Vietnamese coffee is expected to rise in coming weeks as the harvest accelerates to its end in December, while not much fresh coffee has been made available for export, traders said on Tuesday. The harvest in the world's largest robusta producin
Published 01 Dec, 2016 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,002. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 4.03 billion and the number of lots traded was 17,393. Major business was contributed by cur
Published 01 Dec, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 01 Dec, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 01 Dec, 2016 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 Dec, 2016 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 Dec, 2016 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 Wednesday (November 30, 2016).

Published 01 Dec, 2016 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 Wednesday (November 30, 2016).

Published 01 Dec, 2016 12:00am
Bill buying rates per unit of currency
Currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (November 30, 2016).

Published 01 Dec, 2016 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (November 30, 2016).
Published 01 Dec, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (November 30, 2016).

Published 01 Dec, 2016 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 30, 2016).

Published 01 Dec, 2016 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 30, 2016).

Published 01 Dec, 2016 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 30, 2016).

Published 01 Dec, 2016 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (November 30, 2016).

Published 01 Dec, 2016 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (November 30, 2016).

Published 01 Dec, 2016 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (November 30, 2016).

Published 01 Dec, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (November 30, 2016).

Published 01 Dec, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (November 30, 2016).

Published 01 Dec, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (November 30, 2016).

Published 01 Dec, 2016 12:00am
War on terror will be taken to its logical conclusion: Bajwa

War on terror will be taken to its logical conclusion: Bajwa

New Chief of Army Staff (CoAS) General Qamar Javed Bajwa paid his first visit to the Corps Headquarters Peshawar and North Waziristan Agency on Wednesday. The Inter-Services Public Relations (ISPR) stated that the CoAS visited Corps Headquarters Peshawar
Published 01 Dec, 2016 12:00am
War on terror will be taken to its logical conclusion: Bajwa

War on terror will be taken to its logical conclusion: Bajwa

New Chief of Army Staff (CoAS) General Qamar Javed Bajwa paid his first visit to the Corps Headquarters Peshawar and North Waziristan Agency on Wednesday. The Inter-Services Public Relations (ISPR) stated that the CoAS visited Corps Headquarters Peshawar
Published 01 Dec, 2016 12:00am
Opec agrees first output cut since 2008

Opec agrees first output cut since 2008

Opec agreed on Wednesday its first oil output cuts since 2008 after Saudi Arabia accepted "a big hit" on its production and dropped its demand on arch-rival Iran to slash output. Non-Opec Russia will also join output reductions for the first time in 15 ye
Published 01 Dec, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (November 30, 2016).

Published 01 Dec, 2016 12:00am
Opec agrees first output cut since 2008

Opec agrees first output cut since 2008

Opec agreed on Wednesday its first oil output cuts since 2008 after Saudi Arabia accepted "a big hit" on its production and dropped its demand on arch-rival Iran to slash output. Non-Opec Russia will also join output reductions for the first time in 15 ye
Published 01 Dec, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (November 30, 2016).

Published 01 Dec, 2016 12:00am
Opec agrees first output cut since 2008

Opec agrees first output cut since 2008

Opec agreed on Wednesday its first oil output cuts since 2008 after Saudi Arabia accepted "a big hit" on its production and dropped its demand on arch-rival Iran to slash output. Non-Opec Russia will also join output reductions for the first time in 15 ye
Published 01 Dec, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (November 30, 2016).

Published 01 Dec, 2016 12:00am
Oil jumps over 10 percent

Oil jumps over 10 percent

Oil soared more than 10 percent on Wednesday to over $50 a barrel and its highest in a month as some of the world's largest producers agreed to curb production for the first time since 2008 in a bid to support prices. US West Texas Intermediate crude futu
Published 01 Dec, 2016 12:00am
Oil jumps over 10 percent

Oil jumps over 10 percent

Oil soared more than 10 percent on Wednesday to over $50 a barrel and its highest in a month as some of the world's largest producers agreed to curb production for the first time since 2008 in a bid to support prices. US West Texas Intermediate crude futu
Published 01 Dec, 2016 12:00am
Oil jumps over 10 percent

Oil jumps over 10 percent

Oil soared more than 10 percent on Wednesday to over $50 a barrel and its highest in a month as some of the world''s largest producers agreed to curb production for the first time since 2008 in a bid to support prices. US West Texas Intermediate crude fut
Published 01 Dec, 2016 12:00am
Rs 2 per litre increase in petrol prices

Rs 2 per litre increase in petrol prices

The government has announced an increase of Rs 2 per litre in the price of petrol to be effective from today (Thursday) and stated that RON 92 would be available across the country against RON 87. Addressing a news conference, Finance Minister Ishaq Dar a
Published 01 Dec, 2016 12:00am
Rs 2 per litre increase in petrol prices

Rs 2 per litre increase in petrol prices

The government has announced an increase of Rs 2 per litre in the price of petrol to be effective from today (Thursday) and stated that RON 92 would be available across the country against RON 87. Addressing a news conference, Finance Minister Ishaq Dar a
Published 01 Dec, 2016 12:00am
Rs 2 per litre increase in petrol prices

Rs 2 per litre increase in petrol prices

The government has announced an increase of Rs 2 per litre in the price of petrol to be effective from today (Thursday) and stated that RON 92 would be available across the country against RON 87. Addressing a news conference, Finance Minister Ishaq Dar a
Published 01 Dec, 2016 12:00am
Prime Minister reviews progress on CPEC

Prime Minister reviews progress on CPEC

Prime Minister Nawaz Sharif chaired a meeting to review progress on CPEC at Prime Minister House, here on Wednesday. The meeting reviewed at length the benchmarks set for numerous energy, transport infrastructure and industrial projects in terms of delive
Published 01 Dec, 2016 12:00am
Prime Minister reviews progress on CPEC

Prime Minister reviews progress on CPEC

Prime Minister Nawaz Sharif chaired a meeting to review progress on CPEC at Prime Minister House, here on Wednesday. The meeting reviewed at length the benchmarks set for numerous energy, transport infrastructure and industrial projects in terms of delive
Published 01 Dec, 2016 12:00am
Prime Minister reviews progress on CPEC

Prime Minister reviews progress on CPEC

Prime Minister Nawaz Sharif chaired a meeting to review progress on CPEC at Prime Minister House, here on Wednesday. The meeting reviewed at length the benchmarks set for numerous energy, transport infrastructure and industrial projects in terms of delive
Published 01 Dec, 2016 12:00am
Stocks stay depressed

Stocks stay depressed

A bearish trend continued on Pakistan Stock Exchange on the second consecutive day Wednesday. The benchmark KSE-100 index lost another 188.90 points to close at 42,622.37 points. Trading activity also remained thin as the daily trading volumes declined to
Published 01 Dec, 2016 12:00am
Stocks stay depressed

Stocks stay depressed

A bearish trend continued on Pakistan Stock Exchange on the second consecutive day Wednesday. The benchmark KSE-100 index lost another 188.90 points to close at 42,622.37 points. Trading activity also remained thin as the daily trading volumes declined to
Published 01 Dec, 2016 12:00am
Stocks stay depressed

Stocks stay depressed

A bearish trend continued on Pakistan Stock Exchange on the second consecutive day Wednesday. The benchmark KSE-100 index lost another 188.90 points to close at 42,622.37 points. Trading activity also remained thin as the daily trading volumes declined to
Published 01 Dec, 2016 12:00am
BRIndex30 falls 117.03 points

BRIndex30 falls 117.03 points

On Wednesday, BRIndex30 opened at 24,405.67 points. It touched an intraday high of 24,539.89 points and an intraday low of 24,262.91 points and closed at 24,288.64 points which was -117.03 points or -0.48 percent lower than previous close. Total volume wa
Published 01 Dec, 2016 12:00am
BRIndex30 falls 117.03 points

BRIndex30 falls 117.03 points

On Wednesday, BRIndex30 opened at 24,405.67 points. It touched an intraday high of 24,539.89 points and an intraday low of 24,262.91 points and closed at 24,288.64 points which was -117.03 points or -0.48 percent lower than previous close. Total volume wa
Published 01 Dec, 2016 12:00am
Fiscal Year 2016 FDI soars by 106 percent YoY, National Assembly told

Fiscal Year 2016 FDI soars by 106 percent YoY, National Assembly told

The Foreign Direct Investment (FDI) increased by 106 percent to $1,901.2 million during the financial year 2015-16 from $922.9 million in the fiscal year 2014-15. The Minister In-charge of the Prime Minister's Office informed this to the National Assembly
Published 01 Dec, 2016 12:00am
Fiscal Year 2016 FDI soars by 106 percent YoY, National Assembly told

Fiscal Year 2016 FDI soars by 106 percent YoY, National Assembly told

The Foreign Direct Investment (FDI) increased by 106 percent to $1,901.2 million during the financial year 2015-16 from $922.9 million in the fiscal year 2014-15. The Minister In-charge of the Prime Minister's Office informed this to the National Assembly
Published 01 Dec, 2016 12:00am
Fiscal Year 2016 FDI soars by 106 percent YoY, National Assembly told

Fiscal Year 2016 FDI soars by 106 percent YoY, National Assembly told

The Foreign Direct Investment (FDI) increased by 106 percent to $1,901.2 million during the financial year 2015-16 from $922.9 million in the fiscal year 2014-15. The Minister In-charge of the Prime Minister''s Office informed this to the National Assembl
Published 01 Dec, 2016 12:00am
RBS to bolster capital after failing stress test

RBS to bolster capital after failing stress test

Royal Bank of Scotland (RBS) will cut costs and sell assets to boost capital, it said on Wednesday after failing its Bank of England stress test, with the central bank warning of a "challenging" outlook for Britain's financial system. State-backed RBS rus
Published 01 Dec, 2016 12:00am
RBS to bolster capital after failing stress test

RBS to bolster capital after failing stress test

Royal Bank of Scotland (RBS) will cut costs and sell assets to boost capital, it said on Wednesday after failing its Bank of England stress test, with the central bank warning of a "challenging" outlook for Britain's financial system. State-backed RBS rus
Published 01 Dec, 2016 12:00am
RBS to bolster capital after failing stress test

RBS to bolster capital after failing stress test

Royal Bank of Scotland (RBS) will cut costs and sell assets to boost capital, it said on Wednesday after failing its Bank of England stress test, with the central bank warning of a "challenging" outlook for Britain''s financial system. State-backed RBS ru
Published 01 Dec, 2016 12:00am
National Assembly passes income tax, other bills

National Assembly passes income tax, other bills

The National Assembly passed "The Income Tax (Amendment) Bill, 2016" on Wednesday requiring advance tax to be payable at the rate of 3 percent on registering or attesting to the transfer of real estate to be collected from the purchaser. The Lower House o
Published 01 Dec, 2016 12:00am
National Assembly passes income tax, other bills

National Assembly passes income tax, other bills

The National Assembly passed "The Income Tax (Amendment) Bill, 2016" on Wednesday requiring advance tax to be payable at the rate of 3 percent on registering or attesting to the transfer of real estate to be collected from the purchaser. The Lower House o
Published 01 Dec, 2016 12:00am
National Assembly passes income tax, other bills

National Assembly passes income tax, other bills

The National Assembly passed "The Income Tax (Amendment) Bill, 2016" on Wednesday requiring advance tax to be payable at the rate of 3 percent on registering or attesting to the transfer of real estate to be collected from the purchaser. The Lower House o
Published 01 Dec, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 01 Dec, 2016 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 01 Dec, 2016 12:00am
Customs acts to curb smuggling of currency
Currency

Customs acts to curb smuggling of currency

Taking several steps to control smuggling of currency from Pakistan, customs authorities have launched a major crackdown at Benazir Bhutto International Airport Islamabad by deputing vigilance teams to monitor international flights destined to Dubai, Chin
Published 01 Dec, 2016 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Dec, 2016 12:00am
Customs acts to curb smuggling of currency
Currency

Customs acts to curb smuggling of currency

Taking several steps to control smuggling of currency from Pakistan, customs authorities have launched a major crackdown at Benazir Bhutto International Airport Islamabad by deputing vigilance teams to monitor international flights destined to Dubai, Chin
Published 01 Dec, 2016 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Dec, 2016 12:00am
Customs acts to curb smuggling of currency
Currency

Customs acts to curb smuggling of currency

Taking several steps to control smuggling of currency from Pakistan, customs authorities have launched a major crackdown at Benazir Bhutto International Airport Islamabad by deputing vigilance teams to monitor international flights destined to Dubai, Chin
Published 01 Dec, 2016 12:00am
Heart of Asia moot: Aziz will be travelling to India on December 4

Heart of Asia moot: Aziz will be travelling to India on December 4

Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz will be travelling to India to attend Heart of Asia conference on December 4 (Sunday) with no bilateral meeting scheduled so far with his Indian counterpart Sushma Swaraj. Diplomatic sources, ho
Published 01 Dec, 2016 12:00am
Heart of Asia moot: Aziz will be travelling to India on December 4

Heart of Asia moot: Aziz will be travelling to India on December 4

Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz will be travelling to India to attend Heart of Asia conference on December 4 (Sunday) with no bilateral meeting scheduled so far with his Indian counterpart Sushma Swaraj. Diplomatic sources, ho
Published 01 Dec, 2016 12:00am
First Rabi-ul-Awwal today

First Rabi-ul-Awwal today

Rabi-ul-Awwal moon has sighted Wednesday and the first Rabi-ul-Awwal on today (Thursday) and 12th Rabi-ul-Awwal will be observed on 12th of December, Monday. The Ruet-e-Hilal (moon sighting) committee meeting held under the chair of Mufti Muneebur Rehman
Published 01 Dec, 2016 12:00am
First Rabi-ul-Awwal today

First Rabi-ul-Awwal today

Rabi-ul-Awwal moon has sighted Wednesday and the first Rabi-ul-Awwal on today (Thursday) and 12th Rabi-ul-Awwal will be observed on 12th of December, Monday. The Ruet-e-Hilal (moon sighting) committee meeting held under the chair of Mufti Muneebur Rehman
Published 01 Dec, 2016 12:00am
Trump vows to put aside doubts over business empire

Trump vows to put aside doubts over business empire

Donald Trump tried Wednesday to head off criticism that his vast business empire poses an unprecedented conflict of interest for an incoming US president, even as he comes under attack for packing his cabinet with fellow billionaires. In one of his tradem
Published 01 Dec, 2016 12:00am
Trump vows to put aside doubts over business empire

Trump vows to put aside doubts over business empire

Donald Trump tried Wednesday to head off criticism that his vast business empire poses an unprecedented conflict of interest for an incoming US president, even as he comes under attack for packing his cabinet with fellow billionaires. In one of his tradem
Published 01 Dec, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (November 30, 2016).

Published 01 Dec, 2016 12:00am
FBR extends date for filing returns till December 15

FBR extends date for filing returns till December 15

The Federal Board of Revenue (FBR) has extended the date for filing of income tax returns and statements for the Tax Year 2016 till December 15, 2016. According to circular number 17 of 2016 issued by the FBR here on Wednesday, in exercise of the powers c
Published 01 Dec, 2016 12:00am
FBR extends date for filing returns till December 15

FBR extends date for filing returns till December 15

The Federal Board of Revenue (FBR) has extended the date for filing of income tax returns and statements for the Tax Year 2016 till December 15, 2016. According to circular number 17 of 2016 issued by the FBR here on Wednesday, in exercise of the powers c
Published 01 Dec, 2016 12:00am
FBR extends date for filing returns till December 15

FBR extends date for filing returns till December 15

The Federal Board of Revenue (FBR) has extended the date for filing of income tax returns and statements for the Tax Year 2016 till December 15, 2016. According to circular number 17 of 2016 issued by the FBR here on Wednesday, in exercise of the powers c
Published 01 Dec, 2016 12:00am
October banking spreads up 19bps MoM

October banking spreads up 19bps MoM

Fresh banking spreads increased by 19bps on month-on-month basis in October 2016 to 3.50 percent due to favourable movements in both fresh deposit and lending rates. However, weighted average banking spreads clocked in 31bps on year-on-year basis lower in
Published 01 Dec, 2016 12:00am
October banking spreads up 19bps MoM

October banking spreads up 19bps MoM

Fresh banking spreads increased by 19bps on month-on-month basis in October 2016 to 3.50 percent due to favourable movements in both fresh deposit and lending rates. However, weighted average banking spreads clocked in 31bps on year-on-year basis lower in
Published 01 Dec, 2016 12:00am
THE RUPEE: no major change
Currency

THE RUPEE: no major change

The rupee's value versus the dollar was almost unchanged on the money market on Wednesday in the process of trading, dealers said. The rupee recovered two paisas in relation to the greenback for buying and selling at Rs 104.83 and Rs 104.84 respectively,
Published 01 Dec, 2016 12:00am
October banking spreads up 19bps MoM

October banking spreads up 19bps MoM

Fresh banking spreads increased by 19bps on month-on-month basis in October 2016 to 3.50 percent due to favourable movements in both fresh deposit and lending rates. However, weighted average banking spreads clocked in 31bps on year-on-year basis lower in
Published 01 Dec, 2016 12:00am
THE RUPEE: no major change
Currency

THE RUPEE: no major change

The rupee's value versus the dollar was almost unchanged on the money market on Wednesday in the process of trading, dealers said. The rupee recovered two paisas in relation to the greenback for buying and selling at Rs 104.83 and Rs 104.84 respectively,
Published 01 Dec, 2016 12:00am
Pakistan embassy in US: FO refutes rumours of raid

Pakistan embassy in US: FO refutes rumours of raid

Foreign Office on Wednesday refused reports mainly carried by Indian media outlets regarding alleged raids conducted by the law-enforcement agencies of the US in Pakistan Missions in Washington and New York related to Ohio terror attack. "Any such news is
Published 01 Dec, 2016 12:00am
Pakistan embassy in US: FO refutes rumours of raid

Pakistan embassy in US: FO refutes rumours of raid

Foreign Office on Wednesday refused reports mainly carried by Indian media outlets regarding alleged raids conducted by the law-enforcement agencies of the US in Pakistan Missions in Washington and New York related to Ohio terror attack. "Any such news is
Published 01 Dec, 2016 12:00am
Pakistan faces quandary in trade with China

Pakistan faces quandary in trade with China

Pakistan is reportedly in an "if and but" position for the second round of talks on Free Trade Agreement (FTA) with all weather friend China as both Federal Board of Revenue (FBR) and majority of local industry are not supporting enhancement of the trade
Published 01 Dec, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 30, 2016).

Published 01 Dec, 2016 12:00am
Pakistan faces quandary in trade with China

Pakistan faces quandary in trade with China

Pakistan is reportedly in an "if and but" position for the second round of talks on Free Trade Agreement (FTA) with all weather friend China as both Federal Board of Revenue (FBR) and majority of local industry are not supporting enhancement of the trade
Published 01 Dec, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 30, 2016).

Published 01 Dec, 2016 12:00am
Pakistan faces quandary in trade with China

Pakistan faces quandary in trade with China

Pakistan is reportedly in an "if and but" position for the second round of talks on Free Trade Agreement (FTA) with all weather friend China as both Federal Board of Revenue (FBR) and majority of local industry are not supporting enhancement of the trade
Published 01 Dec, 2016 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (November 30, 2016).

Published 01 Dec, 2016 12:00am
Pakistan faces quandary in trade with China

Pakistan faces quandary in trade with China

Pakistan is reportedly in an "if and but" position for the second round of talks on Free Trade Agreement (FTA) with all weather friend China as both Federal Board of Revenue (FBR) and majority of local industry are not supporting enhancement of the trade
Published 01 Dec, 2016 12:00am
Moscow demands answers after Erdogan vows to oust 'tyrant' Assad

Moscow demands answers after Erdogan vows to oust 'tyrant' Assad

The Kremlin on Wednesday demanded an explanation after Turkish President Recep Tayyip Erdogan said Ankara intervened in the Syria conflict solely to topple President Bashar al-Assad. Turkish forces are pressing on with a three-month operation inside Syria
Published 01 Dec, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (November 30, 2016)

Published 01 Dec, 2016 12:00am
Moscow demands answers after Erdogan vows to oust 'tyrant' Assad

Moscow demands answers after Erdogan vows to oust 'tyrant' Assad

The Kremlin on Wednesday demanded an explanation after Turkish President Recep Tayyip Erdogan said Ankara intervened in the Syria conflict solely to topple President Bashar al-Assad. Turkish forces are pressing on with a three-month operation inside Syria
Published 01 Dec, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (November 30, 2016).

Published 01 Dec, 2016 12:00am
Nawaz felicitates Trump on his victory

Nawaz felicitates Trump on his victory

Prime Minister Muhammad Nawaz Sharif called President-elect USA Donald Trump and felicitated him on his victory. President Trump said Prime Minister Nawaz Sharif you have a very good reputation. You are a terrific guy. You are doing amazing work which is
Published 01 Dec, 2016 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 01 Dec, 2016 12:00am
Nawaz felicitates Trump on his victory

Nawaz felicitates Trump on his victory

Prime Minister Muhammad Nawaz Sharif called President-elect USA Donald Trump and felicitated him on his victory. President Trump said Prime Minister Nawaz Sharif you have a very good reputation. You are a terrific guy. You are doing amazing work which is
Published 01 Dec, 2016 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 01 Dec, 2016 12:00am
UN says record half a million Afghans displaced by war

UN says record half a million Afghans displaced by war

With daily battles between the government forces and Taliban insurgents, the number of people who have fled their homes for safer parts of Afghanistan has hit a record high, the UN said Wednesday. As of November 30, 2016, more than half a million Afghans
Published 01 Dec, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (November 30, 2016).

Published 01 Dec, 2016 12:00am
UN says record half a million Afghans displaced by war

UN says record half a million Afghans displaced by war

With daily battles between the government forces and Taliban insurgents, the number of people who have fled their homes for safer parts of Afghanistan has hit a record high, the UN said Wednesday. As of November 30, 2016, more than half a million Afghans
Published 01 Dec, 2016 12:00am
The Weather

The Weather

The weather report on Wednesday (November 30, 2016) and the forecast for Thursday (December 01, 2016).

Published 01 Dec, 2016 12:00am
Bilawal says PPP to introduce slew of reforms

Bilawal says PPP to introduce slew of reforms

Chairman Pakistan People's Party Bilawal Bhutto had assured of democratic reforms at all levels, including social, economic, bureaucratic and judicial reforms without which no justice was possible. "The PPP would bring a new manifesto and a new agenda to
Published 01 Dec, 2016 12:00am
Bilawal says PPP to introduce slew of reforms

Bilawal says PPP to introduce slew of reforms

Chairman Pakistan People's Party Bilawal Bhutto had assured of democratic reforms at all levels, including social, economic, bureaucratic and judicial reforms without which no justice was possible. "The PPP would bring a new manifesto and a new agenda to
Published 01 Dec, 2016 12:00am
India court frees Kashmir rights activist

India court frees Kashmir rights activist

Authorities in Indian-held Kashmir on Wednesday freed a prominent rights activist, who had been detained for two and a half months, after a court ruled his arrest was illegal. Khurram Parvez, 39, was released from prison nearly a week after a court in occ
Published 01 Dec, 2016 12:00am
India court frees Kashmir rights activist

India court frees Kashmir rights activist

Authorities in Indian-held Kashmir on Wednesday freed a prominent rights activist, who had been detained for two and a half months, after a court ruled his arrest was illegal. Khurram Parvez, 39, was released from prison nearly a week after a court in occ
Published 01 Dec, 2016 12:00am
Dr Pasha's concerns
Currency

Dr Pasha's concerns

In an interview with Aaj TV network, Dr Hafiz Pasha, a former finance minister and a highly reputed economist of the country, advised the government to focus on increasing exports, especially when home remittances were declining. Pakistan should renegotia
Published 01 Dec, 2016 12:00am
Previous Day