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 - 2016-12-06
US Under Secretary telephones Ishaq Dar
Pakistan Top News

US Under Secretary telephones Ishaq Dar

ISLAMABAD: Senator Mohammad Ishaq Dar, Minister for Finance, received a telephone call from Ms Catherine A. Novelli, Und
Published 06 Dec, 2016 02:06pm
Flour mill catches fire

Flour mill catches fire

A fire erupted in a flour mill on Monday located at the eastern bypass of Quetta. The blaze broke out due to short circuit and swept through the whole mill. Flour sacks worth millions of rupees were reduced to ashes however; ten workers remained safe in t
Published 06 Dec, 2016 12:00am
APTMA seeks removal of curbs on cotton from India
Cotton

APTMA seeks removal of curbs on cotton from India

Zahid Mazhar, Senior Vice Chairman, All Pakistan Textile Mills Association (APTMA) said Monday that the suspended import of cotton from India is a great blow to the textile industry as the country is already facing cotton shortage due to lower local crop
Published 06 Dec, 2016 12:00am
Argentinean envoy urges Pakistani businessmen to focus on branding

Argentinean envoy urges Pakistani businessmen to focus on branding

Ambassador of Argentine, Ivan Ivanissevich has said that although Pakistan has been exporting various products including textile goods, clothing, sports and leather goods etc but the exporters have to look for more possibilities of enhancing their share i
Published 06 Dec, 2016 12:00am
Emirates offers up to 40 percent discount

Emirates offers up to 40 percent discount

As the year 2016 comes to an end, Emirates has a treat for travellers from Pakistan. The airline has launched its year-end offer of special fares, with the opportunity to save up to 40 percent on a wide range of cities across continents.
Published 06 Dec, 2016 12:00am
MMBL all set to offer Internet Banking
Currency

MMBL all set to offer Internet Banking

Mobilink Microfinance Bank Limited (MMBL) has become the first microfinance bank in Pakistan to launch Internet Banking for its customers. With TPS as its trusted technology partner for this digital banking feature, the bank is enabling its customers to p
Published 06 Dec, 2016 12:00am
Arts Council case: SHC issues contempt notices

Arts Council case: SHC issues contempt notices

The Sindh High Court (SHC) on Monday served notices to alleged contemnors in a case relating to Arts Council of Pakistan, Karachi. A single bench heard a contempt application filed by Najamuddin Sheikh who informed that the court had allowed the body of t
Published 06 Dec, 2016 12:00am
PIA assures FBR of clearance of all dues by June

PIA assures FBR of clearance of all dues by June

Pakistan International Airlines (PIA) has given assurance to the Federal Board of Revenue (FBR) to pay off all pending tax dues amounting to Rs 3.7 billion by June 2017, it was learnt. According to the sources, the top management of airline held a meeting
Published 06 Dec, 2016 12:00am
PIA assures FBR of clearance of all dues by June

PIA assures FBR of clearance of all dues by June

Pakistan International Airlines (PIA) has given assurance to the Federal Board of Revenue (FBR) to pay off all pending tax dues amounting to Rs 3.7 billion by June 2017, it was learnt. According to the sources, the top management of airline held a meeting
Published 06 Dec, 2016 12:00am
China becomes Pakistan's chief seafood market

China becomes Pakistan's chief seafood market

China has widely become Pakistan's chief seafood market, leaving the EU and Japan behind to take the country's fisheries' export to a 14 percent boost in July-October 2016, market players said on Monday. Pakistan's fisheries export surged to $114.787 mill
Published 06 Dec, 2016 12:00am
Army chief confirms death sentences for 4 terrorists

Army chief confirms death sentences for 4 terrorists

Chief of Army Staff General Qamar Bajwa confirmed death sentences awarded to another four hardcore terrorists on Monday. According to ISPR, the terrorists were involved in heinous offences related to terrorism, including killing of innocent civilians, off
Published 06 Dec, 2016 12:00am
Community fund: PPAF seeks allocation of five percent of CPEC investment

Community fund: PPAF seeks allocation of five percent of CPEC investment

Pakistan Poverty Alleviation Fund (PPAF) has recommended allocation of 5 percent of China-Pakistan Economic Corridor (CPEC) investment into a Community Connectivity Fund (CCF) for rural community-driven development of Balochistan, leading to improvement i
Published 06 Dec, 2016 12:00am
Pakistani candidate elected at IAS Fellowship Elections

Pakistani candidate elected at IAS Fellowship Elections

The General Assembly of the Islamic World Academy of Sciences on Monday ratified the results of the IAS Fellowship Elections for the years 2013-2016 and Pakistan has again attained its representation for the said years. One of the winners of the IAS Fello
Published 06 Dec, 2016 12:00am
Embezzlement of funds: NAB arrests former agency surgeon, accountant

Embezzlement of funds: NAB arrests former agency surgeon, accountant

The National Accountability Bureau (NAB) on Monday arrested former agency surgeon Dr Daud along with former accountant of health department, Mohmand Agency over alleged embezzlement of funds. According to NAB sources, agency surgeon Dr Daud embezzled gove
Published 06 Dec, 2016 12:00am
Implementation of decision: FTO seeks relevant record, witnesses

Implementation of decision: FTO seeks relevant record, witnesses

Federal Tax Ombudsman (FTO) office has directed Chief Commissioner Regional Tax Office (RTO) Gujranwala and all others concerned to submit status of the case of non-implementation on its order passed in a complaint filed by M/s. Master Tiles & Ceramic Ind
Published 06 Dec, 2016 12:00am
Islamabad intends to buy more electricity from Iran: Pakistani envoy

Islamabad intends to buy more electricity from Iran: Pakistani envoy

Pakistan Ambassador to Tehran Asif Durrani announced on Sunday that a delegation from Islamabad is to visit Iran to consider more co-operation in electricity and proposed buying more electricity from Iran. In a meeting with Managing Director of Iran Power
Published 06 Dec, 2016 12:00am
Dar to attend OGP summit in France

Dar to attend OGP summit in France

Federal Minister for Finance, Senator Ishaq Dar will undertake a three day official visit to Paris, France starting from Tuesday (today). Senator Dar has accepted the invitation of the Minister of Foreign Affairs of France and the UK government to partici
Published 06 Dec, 2016 12:00am
KC-EU chief, Mishal discuss situation in IHK

KC-EU chief, Mishal discuss situation in IHK

Chairman Kashmir Council Europe (KC-EU), Ali Raza Syed on Monday met Chairperson of Peace and Culture Organisation, Mishal Malik, here. During the meeting, Ali Raza informed her about various efforts of Kashmir Council Europe for raising Kashmir issue in
Published 06 Dec, 2016 12:00am
No sustainable mechanism to destroy crops' waste: Senate body informed

No sustainable mechanism to destroy crops' waste: Senate body informed

Pakistan burns over three million metric ton rice husk each year, besides incineration of different crops waste in millions of tons, and this has been causing smog in some major cities like Lahore. This was informed to Senate Standing Committee on Climate
Published 06 Dec, 2016 12:00am
KP governor's pledge on education

KP governor's pledge on education

Khyber Pakhtunkhwa Governor Iqbal Zafar Jhagra has declared to continue efforts for promotion of quality education in right from primary to university level institutions of FATA. He was addressing as the chief guest at the inaugural ceremony of FATA Unive
Published 06 Dec, 2016 12:00am
CCP launches 'The Guidance on Competition Compliance'

CCP launches 'The Guidance on Competition Compliance'

The Competition Commission of Pakistan (CCP), on the occasion of 'World Competition Day' on Monday launched 'The Guidance on Competition Compliance,' an-easy-to-understand guide on the Competition Act, 2010, to promote voluntary compliance of the law.
Published 06 Dec, 2016 12:00am
APTMA defers call for observing black day

APTMA defers call for observing black day

The All Pakistan Textile Mills Association (APTMA) has deferred the call of observing December 6 as a black day after an assurance by Chief Minister Punjab Shahbaz Sharif of taking up the industry issues with the Prime Minister and gets them resolved.
Published 06 Dec, 2016 12:00am
PWPD earns Rs 677,000 from three-day hunting event

PWPD earns Rs 677,000 from three-day hunting event

The Punjab Wildlife & Parks Department (PWPD) earned a sum of Rs 677,000 from three day Pheasant Shooting Programme 2016 held in green valley of Kallar Kahar. Total 56 hunters participated in the programme aimed at promoting legal hunting in the province.
Published 06 Dec, 2016 12:00am
Man kills wife, her parents in family row

Man kills wife, her parents in family row

A man killed his wife and parents-in-law over a domestic dispute in Shori Manika, a village on the outskirts of district Pindi Bhattian, and subsequently committed suicide. Police said he killed five people, and severely injured two of his daughters.
Published 06 Dec, 2016 12:00am
Cement industry reached '100 percent capacity utilisation' in November

Cement industry reached '100 percent capacity utilisation' in November

The cement industry has achieved its highest ever capacity utilisation of 98.61 percent by dispatching 3.749 million tons of cement in November 2016 against 3.377 million tons in the same month of last year. The domestic consumption of cement in November
Published 06 Dec, 2016 12:00am
Workshop on jewellery design, gemmological sciences concludes

Workshop on jewellery design, gemmological sciences concludes

15 students from Department of Jewellery Design and Gemmological Sciences of Pakistan Institute of Fashion and Design displayed their work in an exhibition titled 'Stone as a Material, Stone as a Concept.' The exhibition was inaugurated by PIFD Vice Chanc
Published 06 Dec, 2016 12:00am
LHC moved against Lahore mayor elections

LHC moved against Lahore mayor elections

A Bar member has approached the Lahore High Court seeking stay against the upcoming election of Lahore mayor. Petitioner, Sheraz Zaka, contended in his application that a petition challenging qualification of Khwaja Ahmad Hassaan, likely candidate of PML-
Published 06 Dec, 2016 12:00am
First commercial-size biogas plant starts in Pakistan

First commercial-size biogas plant starts in Pakistan

The United States Consul General Yuriy Fedkiw on Monday inaugurated the Pakistan's first commercial-size biogas plant at the government-owned Bahadurnagar Farm in Okara. The Minister for Livestock and Dairy Development Department, Punjab Asif Saeed Manais
Published 06 Dec, 2016 12:00am
Three train bogies derail

Three train bogies derail

A train going from Karachi to Peshawar derailed near Behal Road railway crossing in the wee hours of Monday. Three bogies of Khushal Khan Train derailed on its way to Peshawar from Karachi, railways officials said. According to police officials, all the p
Published 06 Dec, 2016 12:00am
PSQCA restrained from sealing factories

PSQCA restrained from sealing factories

Federal Minister for Science & Technology Rana Tanvir Hussain while responding to the Lahore Chamber of Commerce and Industry's (LCCI) demand has restrained the Pakistan Standards & Quality Control Authority (PSQCA) from sealing any industrial unit before
Published 06 Dec, 2016 12:00am
Combing operation to be launched

Combing operation to be launched

Deputy Inspector General Operations Lahore Dr Haidar Ashraf on Monday called for launching a combing operation in residential areas of the provincial metropolis where Afghan people are in majority. He issued these directives while reviewing the security a
Published 06 Dec, 2016 12:00am
'Pakistan can store 10 percent of its annual river flows'

'Pakistan can store 10 percent of its annual river flows'

WAPDA advisor on Diamer Basha Dam Project Dr Izhar-ul-Haq has said that Pakistan can store 10 percent of its annual river flows while average water storage capacity the world over stands at 40 percent. He was briefing a delegation of the participants of N
Published 06 Dec, 2016 12:00am
PPP for simultaneous polls in Pakistan, AK & GB

PPP for simultaneous polls in Pakistan, AK & GB

President PPP Punjab Qamar Zaman Kaira has demanded side by side elections in Gilgit Baltistan, Kashmir and Pakistan to avoid rigging. He was talking to media at Bilawal House on Monday. He said Bhutto had ensured rights of women, labour class and a commo
Published 06 Dec, 2016 12:00am
KP government to mark December 9 as day against corruption

KP government to mark December 9 as day against corruption

The Government of Khyber Pakhtunkhwa has decided to commemorate 9th December, 2016 as International Anti-Corruption Day with the resolve and commitment to eradicate corruption from society by declaring 5-11 December 2016 as Anti-Corruption Week. A provinc
Published 06 Dec, 2016 12:00am
Analysis: local start-ups that have made it...

Analysis: local start-ups that have made it...

Pakistan's start-up ecosystem is gathering steam. There are scores of start-ups that one gets to hear about these days on social media. While some have struggled to take off commercially, others have gone on to make their mark. BR Research set about f
Published 06 Dec, 2016 12:00am
Analysis: local start-ups that have made it...

Analysis: local start-ups that have made it...

Pakistan's start-up ecosystem is gathering steam. There are scores of start-ups that one gets to hear about these days on social media. While some have struggled to take off commercially, others have gone on to make their mark. BR Research set about f
Published 06 Dec, 2016 12:00am
Companies Ordinance, 2016Executive Summary

Companies Ordinance, 2016Executive Summary

A number of new definitions added and some existing definitions are amended to bring clarity. Several of these terms are already in use in code of corporate governance and general business practices. -- The definition of associated undertakings/companies
Published 06 Dec, 2016 12:00am
Syria rebels reject Aleppo exit as army advances

Syria rebels reject Aleppo exit as army advances

Russia said Monday it would hold talks with Washington on a total rebel withdrawal from Syria's Aleppo, where the army has made sweeping advances, but opposition factions rejected any evacuation. President Bashar al-Assad's forces have seized two-thirds o
Published 06 Dec, 2016 12:00am
IS loses Libya bastion in major blow to jihadists

IS loses Libya bastion in major blow to jihadists

Forces loyal to Libya's UN-backed government said Monday they had seized full control of Sirte from the Islamic State group, in a major blow to the jihadists who battled for months to retain their bastion. The battle for the coastal city, which was the la
Published 06 Dec, 2016 12:00am
Abe to make first Pearl Harbour visit by Japan leader

Abe to make first Pearl Harbour visit by Japan leader

Prime Minister Shinzo Abe is to become the first Japanese leader to visit Pearl Harbour, announcing Monday a trip to the site of his country's surprise attack that launched World War II in the Pacific. News of the journey comes just two days ahead of the
Published 06 Dec, 2016 12:00am
Trump names former rival Carson as housing secretary

Trump names former rival Carson as housing secretary

US President-elect Donald Trump on Monday chose Ben Carson, the mild-mannered retired neurosurgeon who challenged him for the Republican nomination, to turn around troubled US inner cities as secretary of housing and urban development. Carson, an African
Published 06 Dec, 2016 12:00am
Saudi king on regional tour ahead of GCC summit

Saudi king on regional tour ahead of GCC summit

Saudi Arabia's King Salman arrived in Qatar on Monday as part of a rare regional tour ahead of the annual summit of Arab leaders of the oil-rich Gulf states. The trip comes at the time of a political transition in the United States and as deadly conflicts
Published 06 Dec, 2016 12:00am
Watchdog warns 'nuclear terrorism' can strike anywhere

Watchdog warns 'nuclear terrorism' can strike anywhere

"Nuclear terrorists" can strike anywhere, the head of the UN atomic watchdog warned Monday at the start of a week-long ministerial conference on preventing misuse of radioactive materials and attacks on facilities. "Ensuring effective nuclear security is
Published 06 Dec, 2016 12:00am
Jordan military plane crash kills pilot

Jordan military plane crash kills pilot

A Jordanian air force pilot was killed on Monday after his F-16 jet crashed due to a technical fault during a training exercise, the army said. The army statement did not specify the location of the accident, which happened as the jet took off. In 2015, a
Published 06 Dec, 2016 12:00am
Eurosceptics delight as Italy's Renzi quits

Eurosceptics delight as Italy's Renzi quits

Italian Prime Minister Matteo Renzi prepared to hand in his resignation Monday after suffering a ruinous referendum defeat cheered by populist leaders but sparking fresh jitters in Europe. "My experience of government finishes here," said a downcast Renzi
Published 06 Dec, 2016 12:00am
Uzbek interim leader scores landslide win

Uzbek interim leader scores landslide win

Uzbekistan's interim leader Shavkat Mirziyoyev has won a crushing victory to become the country's second-ever president following the death of long-reigning strongman Islam Karimov, official results showed Monday. The Central Election Commission said Mirz
Published 06 Dec, 2016 12:00am
UN appeals for record $22.2 billion in global aid

UN appeals for record $22.2 billion in global aid

The United Nations appealed Monday for a record $22.2 billion (20.9 billion euros) to provide aid in 2017 to surging numbers of people hit by conflicts and disasters around the world. It's "the highest amount we have ever requested," UN humanitarian aid c
Published 06 Dec, 2016 12:00am
Trust urges clubs to back fight for justice over abuse claims

Trust urges clubs to back fight for justice over abuse claims

The men behind an independent body launched Monday in the wake of football's abuse scandal urged the clubs involved to apologise and support the fight for justice. The Offside Trust was launched to help victims of abuse and will work separately from the E
Published 06 Dec, 2016 12:00am
United victims of double standards, says Mourinho

United victims of double standards, says Mourinho

Jose Mourinho claimed he is being judged unfairly by critics after Manchester United conceded a late Leighton Baines penalty in a damaging 1-1 draw at Everton. Mourinho's team have won just twice in the league since the end of August, a run which has feat
Published 06 Dec, 2016 12:00am
Barca dismiss Neymar injury fears

Barca dismiss Neymar injury fears

Barcelona striker Neymar is suffering from muscle fatigue but no serious injury after Saturday's 1-1 draw with arch rivals Real Madrid, the club said on Monday. The Brazil star was substituted just before Sergio Ramos's dramatic late equaliser in El Clasi
Published 06 Dec, 2016 12:00am
Blatter suffers one last defeat over FIFA misconduct

Blatter suffers one last defeat over FIFA misconduct

Sport's highest court on Monday rejected the appeal of former FIFA president Sepp Blatter against a six year ban signalling the end of his efforts to clear his name. The 80-year-old former football powerbroker was ousted over a two million Swiss franc ($2
Published 06 Dec, 2016 12:00am
Maxwell may miss again as Australia look to rebuild confidence

Maxwell may miss again as Australia look to rebuild confidence

Controversial all-rounder Glenn Maxwell could still find himself on the outer in Australia's second one-day international against New Zealand on Tuesday. Darren Lehmann's embattled side coasted to a 68-run victory against the visitors in the first game in
Published 06 Dec, 2016 12:00am
Notts Forest owner quits Kuwait federation

Notts Forest owner quits Kuwait federation

Fawaz al-Hassawi, the owner of English Championship side Nottingham Forest, has resigned from his post as head of Kuwait's temporary football association, after just over three months in office. Hassawi had been appointed in August after authorities disso
Published 06 Dec, 2016 12:00am
Munro looks to anchor innings, rather than explode

Munro looks to anchor innings, rather than explode

Aggressive batsman Colin Munro may have given an insight into New Zealand's batting order tactics after they created a debate on Monday following their 68-run loss to Australia in the first one-day international in Sydney. Munro, whose strike rate in limi
Published 06 Dec, 2016 12:00am
Decision not to review Smith lbw was understandable: Hesson

Decision not to review Smith lbw was understandable: Hesson

The decision not to review a leg before wicket appeal on Australia's captain Steve Smith was the right one at the time as there was significant doubt from even people off the field, New Zealand coach Mike Hesson has said. Smith was on 14 when he was trapp
Published 06 Dec, 2016 12:00am
French Grand Prix returns in 2018

French Grand Prix returns in 2018

The French Grand Prix is returning to the Formula One calendar in 2018 after a decade-long absence at Le Castellet's Paul Ricard circuit near Marseille, organisers announced on Monday. "The French Grand Prix is making its comeback," Christian Estrosi, pre
Published 06 Dec, 2016 12:00am
Aguero's four-match ban confirmed

Aguero's four-match ban confirmed

Sergio Aguero's four-match suspension has been confirmed by the Football Association following his dismissal in Manchester City's loss to Chelsea. City striker Aguero was shown a red card for a dangerous two-footed foul on Chelsea defender David Luiz, whi
Published 06 Dec, 2016 12:00am
Kiwi skids after Prime Minister resignation
Currency

Kiwi skids after Prime Minister resignation

The New Zealand dollar skidded nearly 1 percent on Monday after Prime Minister John Key announced his surprise resignation and as global investors drove to safety after Italian Prime Minister Matteo Renzi said he would step down following a stinging defea
Published 06 Dec, 2016 12:00am
Euro surge halts sterling run towards 5-month high
Currency

Euro surge halts sterling run towards 5-month high

Sterling retreated from its highest since July against the euro and steadied off two-month peaks against the dollar on Monday, in trading dominated by a rebound for the single currency after Italy voted against constitutional reform in a referendum. The p
Published 06 Dec, 2016 12:00am
Nigeria central bank to auction dollars for fuel import
Currency

Nigeria central bank to auction dollars for fuel import

Nigeria's central bank has asked banks to submit bids for a "special currency auction" targeting fuel importers to meet demand for matured letters of credit, traders said on Monday. Traders said the central bank sent a message to banks on Monday to submit
Published 06 Dec, 2016 12:00am
Italy's reform snub dents Asia FX
Currency

Italy's reform snub dents Asia FX

Most emerging Asian currencies pulled back on Monday as Italian Prime Minister Matteo Renzi said he would resign after suffering a crushing defeat on constitutional reform, tipping the country into political turmoil and threatening to destabilise its shak
Published 06 Dec, 2016 12:00am
Brazil real strengthens

Brazil real strengthens

The Brazilian real strengthened on Monday on trader relief that mass weekend demonstrations refrained from directly targeting President Michel Temer. Demonstrators protested across Brazil on Sunday to denounce corruption and a congressional vote seen as a
Published 06 Dec, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Monday. 78.78-78.80 (previous 78.75-78.75).
Published 06 Dec, 2016 12:00am
Euro jumps above $1.07 in Europe, shrugging off Renzi defeat
Currency

Euro jumps above $1.07 in Europe, shrugging off Renzi defeat

The euro jumped above $1.07 for the first time since mid-November on Monday, rebounding around 2 cents after hitting 21-month lows after Italy's prime minister conceded defeat in a referendum on constitutional reform and said he would resign. The single c
Published 06 Dec, 2016 12:00am
Early trade in New York: Euro gains against dollar
Currency

Early trade in New York: Euro gains against dollar

The euro recovered from earlier weakness against the US dollar on Monday after Italian Prime Minister Matteo Renzi's loss in a referendum over constitutional reform was seen by traders as largely expected and recent euro weakness was seen as having run to
Published 06 Dec, 2016 12:00am
Euro hits near two-year low in Asia
Currency

Euro hits near two-year low in Asia

The euro tumbled in early Asian trade on Monday after Italian Prime Minister Matteo Renzi said he would resign after conceding defeat in a referendum over his plan to reform the constitution. The euro dropped 1.3 percent to $1.0505, falling below its 1 1/
Published 06 Dec, 2016 12:00am
China's yuan firms slightly
Currency

China's yuan firms slightly

China's yuan firmed slightly against the dollar on Monday, buoyed by last week's purchases by state-owned banks, stricter controls on funds flowing overseas and tighter liquidity in onshore and offshore money markets. Reiterations from Chinese officials t
Published 06 Dec, 2016 12:00am
FTSE 100 rises as mining, banking shares gain

FTSE 100 rises as mining, banking shares gain

Britain's top share index climbed on Monday, after falling in the previous two sessions, with basic resources stocks leading the market higher as prices of industrial metals such as copper rose. European share indexes largely shrugged off Italian Prime Mi
Published 06 Dec, 2016 12:00am
Australian, New Zealand shares down

Australian, New Zealand shares down

Australian shares closed lower on Monday, with losses led by financials, as investors digested the potential impact on the markets of Italy's vote against constitutional reform. Italy's Prime Minister Matteo Renzi announced his resignation stoking fears o
Published 06 Dec, 2016 12:00am
Sri Lankan shares hit near three-week high

Sri Lankan shares hit near three-week high

Sri Lankan shares rose for a third straight session on Monday to close at a near three-week high as investors sought bargains in banking shares after the benchmark index fell to a near eight-month low last week. The Colombo stock index gained 0.67 percent
Published 06 Dec, 2016 12:00am
European shares shrug off Italian worries as focus turns to ECB

European shares shrug off Italian worries as focus turns to ECB

European shares rose on Monday to their highest level since late October, shrugging off worries over political instability in Italy, with the broader market underpinned by gains in banks as investors sought to snap up bargains in the battered sector. The
Published 06 Dec, 2016 12:00am
China bluechips fall most in six months

China bluechips fall most in six months

China's bluechip shares index posted its biggest fall in six months on Monday after the top securities regulator warned against "barbaric" share acquisitions, though small-caps held relatively firm as an investment scheme linking the Shenzhen and Hong Kon
Published 06 Dec, 2016 12:00am
Indian shares little changed
Currency

Indian shares little changed

Indian shares were little changed on Monday after two straight sessions of falls as sentiment remained subdued ahead of a central bank policy review on Wednesday and as a slump in the euro hit broader Asian markets. Sentiment globally was hit after Italia
Published 06 Dec, 2016 12:00am
Southeast Asian stocks: Philippines tumbles on foreign selling

Southeast Asian stocks: Philippines tumbles on foreign selling

Philippine shares fell 1.6 percent on Monday, hurt by financial and industrial stocks, as foreigners continued to dump domestic shares for safer havens. Other Southeast Asian stock markets were choppy and ended mixed as uncertainty from the euro zone foll
Published 06 Dec, 2016 12:00am
Hong Kong stocks hit two-week low

Hong Kong stocks hit two-week low

Hong Kong stocks closed at two-week lows on Monday as the launch of the Shenzhen-Hong Kong investment link received a muted response, with risk appetite curbed by the Italian referendum result and a tumble in mainland shares. The main index in Hong Kong f
Published 06 Dec, 2016 12:00am
Tokyo stocks down after Italian Prime Minister quits
Currency

Tokyo stocks down after Italian Prime Minister quits

Tokyo stocks closed lower Monday as Italian Prime Minister Matteo Renzi's resignation sparked worries about political instability in the eurozone and beyond. The euro briefly dived to 20-month lows against the dollar on the news, which also sparked demand
Published 06 Dec, 2016 12:00am
Italy's borrowing costs rise

Italy's borrowing costs rise

Italy's borrowing costs rose on Monday after Prime Minister Matteo Renzi said he would resign following a crushing referendum defeat, although expectations that a snap election would be averted helped contain the sell-off. Investors had been positioned fo
Published 06 Dec, 2016 12:00am
Italy's borrowing costs rise

Italy's borrowing costs rise

Italy's borrowing costs rose on Monday after Prime Minister Matteo Renzi said he would resign following a crushing referendum defeat, although expectations that a snap election would be averted helped contain the sell-off. Investors had been positioned fo
Published 06 Dec, 2016 12:00am
Eurozone ministers torpedo EU plans for more spending

Eurozone ministers torpedo EU plans for more spending

Eurozone finance ministers, led by Germany and the Netherlands, on Monday scrapped a European Commission proposal for richer countries to spend more in order to boost a lacklustre European economy. The Commission, the EU's executive arm, last month tabled
Published 06 Dec, 2016 12:00am
Disgraced Israeli mogul jailed for share rigging

Disgraced Israeli mogul jailed for share rigging

A court sentenced a businessman once considered among Israel's most powerful to two years in prison on Monday for rigging the price of his company's shares, the justice ministry said. The Tel Aviv District Court also fined Nochi Dankner 800,000 shekels ($
Published 06 Dec, 2016 12:00am
US body fines Credit Suisse $16.5 million for lax controls

US body fines Credit Suisse $16.5 million for lax controls

A US financial industry watchdog fined Credit Suisse $16.5 million for lax oversight to prevent money laundering, the agency announced Monday. The big Swiss bank was faulted for a number of omissions and failures in its system for identifying transactions
Published 06 Dec, 2016 12:00am
US body fines Credit Suisse $16.5 million for lax controls

US body fines Credit Suisse $16.5 million for lax controls

A US financial industry watchdog fined Credit Suisse $16.5 million for lax oversight to prevent money laundering, the agency announced Monday. The big Swiss bank was faulted for a number of omissions and failures in its system for identifying transactions
Published 06 Dec, 2016 12:00am
Saudi Arabia's non-oil business activity buoyed by global bond issue

Saudi Arabia's non-oil business activity buoyed by global bond issue

Growth in Saudi Arabia's non-oil private sector picked up in November from a record low in October after a mammoth $17.5 billion bond issue by the government improved sentiment in the business community, a survey of companies showed on Monday. The seasona
Published 06 Dec, 2016 12:00am
Saudi Arabia's non-oil business activity buoyed by global bond issue

Saudi Arabia's non-oil business activity buoyed by global bond issue

Growth in Saudi Arabia's non-oil private sector picked up in November from a record low in October after a mammoth $17.5 billion bond issue by the government improved sentiment in the business community, a survey of companies showed on Monday. The seasona
Published 06 Dec, 2016 12:00am
Foreign banks in Britain lose bid to avoid bank levy

Foreign banks in Britain lose bid to avoid bank levy

The British-based businesses of foreign banks will not avoid paying the country's tax on banks' balance sheets and profits, the government said on Monday following a consultation on changes to the tax proposed in July last year. The government said it had
Published 06 Dec, 2016 12:00am
Chile economy contracts in October, could lead to rate cut

Chile economy contracts in October, could lead to rate cut

Chile's economy contracted for the first time in seven years in annual terms, as manufacturing and mining activity fell, potentially paving the way for the central bank to cut interest rates to spur growth. Economic activity fell 0.4 percent in October fr
Published 06 Dec, 2016 12:00am
UK services PMI rises to 10-month high

UK services PMI rises to 10-month high

Businesses in Britain's services sector grew at their fastest pace since January last month, a survey showed on Monday, and the broader economy kept up its momentum in late 2016, even if firms have some worries about the year ahead. The Markit/CIPS servic
Published 06 Dec, 2016 12:00am
Venezuela to print 20,000-unit banknote
Currency

Venezuela to print 20,000-unit banknote

Inflation-stricken Venezuela will launch a new 20,000-bolivar banknote to help shoppers struggling with huge wads of currency in the country's economic crisis, the central bank said. The biggest denomination banknote currently in circulation is 100 boliva
Published 06 Dec, 2016 12:00am
US services sector activity scales one-year high

US services sector activity scales one-year high

US services sector activity hit a one-year high in November, with a surge in production boosting hiring, further evidence of strength in the economy that clears the way for the Federal Reserve to raise interest rates next week. Monday's bullish report fro
Published 06 Dec, 2016 12:00am
London cocoa sinks to 22-month low, sugar also weakens

London cocoa sinks to 22-month low, sugar also weakens

London cocoa futures on ICE fell for the ninth straight session on Monday, reaching a 22-month low and extending further into technically oversold levels on chart-based sell signals and pressure from earlier strength in the British pound. New York cocoa f
Published 06 Dec, 2016 12:00am
New Islamic finance guidance on gold emphasises real deal

New Islamic finance guidance on gold emphasises real deal

Islamic finance experts have developed new rules for gold transactions, they said on Monday, potentially opening the way for Islamic institutions to trade gold and silver much more actively. Gold transactions must be fully backed by physical metal and set
Published 06 Dec, 2016 12:00am
Cash crunch puts brake on India's cotton exports; rivals to gain
Currency

Cash crunch puts brake on India's cotton exports; rivals to gain

Exports of 1 million bales of cotton from top producer India have been delayed after a government move to ban high-value currency notes prompted farmers, who prefer cash payments, to postpone sales, industry officials told Reuters. The supply crunch has d
Published 06 Dec, 2016 12:00am
Rubber jumps

Rubber jumps

Benchmark Tokyo rubber futures jumped about 4.5 percent on Monday, hitting a one-week closing high, as a strong economic indicator in top buyer China and firmer Shanghai rubber futures prompted a flurry of buys, dealers said. "Healthy number in China's pu
Published 06 Dec, 2016 12:00am
Oil hits 16-month high in buying rush after Opec agreement

Oil hits 16-month high in buying rush after Opec agreement

Crude rose above $55 a barrel to hit a 16-month high on Monday as rising prospects of a tightening market after last week's Opec landmark deal to cut production has given speculators impetus to increase bets on higher prices. Monday's gains take the rally
Published 06 Dec, 2016 12:00am
Iran aims for oil, gas fields tender after January

Iran aims for oil, gas fields tender after January

Iran will launch after January 2017 its first new-style tender to develop oil and gas fields since the lifting of sanctions, an oil official said on Monday, noting that the deadline to submit pre-qualification documents has been extended until December 10
Published 06 Dec, 2016 12:00am
France heading for sharp drop in rapeseed output

France heading for sharp drop in rapeseed output

France faces a steep fall in rapeseed production next year after dry conditions reduced sowings of the oilseed, consultancy ODA Groupe said on Friday, confirming an outlook it gave last month. The rapeseed area for next year's crop is expected to shrink b
Published 06 Dec, 2016 12:00am
Palm oil little changed on European vegoils market

Palm oil little changed on European vegoils market

Palm oil on the European vegetable oils market was offered little changed on Friday after Malaysian palm oil futures closed in a tight range ahead of the weekend. Palm oil was offered between $2.50 a tonne up and $2.50 down for front positions while the l
Published 06 Dec, 2016 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 300,417 tonnes of cargo comprising 227,879 tonnes of import cargo and 72,538 tonnes of export cargo including NA loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 227,87
Published 06 Dec, 2016 12:00am
EU wheat futures up

EU wheat futures up

Benchmark European wheat futures edged higher on Friday as a rebound in Chicago helped the market to find a footing after rising global supplies pushed prices to a near two-month low this week. March milling wheat, the most active position on Paris-based
Published 06 Dec, 2016 12:00am
VLCCs freight rates set to slide ahead of holidays

VLCCs freight rates set to slide ahead of holidays

Freight rates for very large crude carriers (VLCCs), which are hovering close to the multi-month highs hit last week, are set to soften ahead of the Christmas and New Year holidays, ship brokers said on Friday. "It is just a question of time when the mark
Published 06 Dec, 2016 12:00am
US FOB Gulf corn offers firmer

US FOB Gulf corn offers firmer

Export premiums for corn shipped from the US Gulf Coast were steady to firm on Friday, supported by an increase in demand following a drop in futures prices this week to two-month lows, traders said. Benchmark Chicago Board of Trade corn futures dropped m
Published 06 Dec, 2016 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,043. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 4.70 billion and the number of lots traded was 13,558. Major business was contributed by crud
Published 06 Dec, 2016 12:00am
Buyers on the sidelines to see fresh developments on cotton market
Cotton

Buyers on the sidelines to see fresh developments on cotton market

Further decline was seen in trading activity on the cotton market on Monday as major buyers kept on the sidelines to observe developments related to the textile sector, dealers said. Resulting, the official spot rate lost Rs 50 to Rs 6250, dealers said. I
Published 06 Dec, 2016 12:00am
Russian wheat export prices stable

Russian wheat export prices stable

Russian wheat export prices were stable last week after ten consecutive weeks of growth due to concerns over stormy weather in the main Black Sea ports and possible restrictions due to African Swine Fever, an agriculture consultancy said on Monday.
Published 06 Dec, 2016 12:00am
US natural gas futures down after two weeks of gains

US natural gas futures down after two weeks of gains

US natural gas futures fell on Friday after traders said it became too technically overbought following two weeks of big gains on forecasts for much colder weather and rising heating demand. After rising 29 percent over the prior nine days, front-month ga
Published 06 Dec, 2016 12:00am
CBOT wheat futures up on bargain buying

CBOT wheat futures up on bargain buying

Wheat futures on the Chicago Board of Trade closed higher on Friday on bargain-buying, snapping a six-session slide that pushed most months to contract lows this week, traders said. The most-active March contract settled up 8-3/4 cents at $4.04-1/4 per bu
Published 06 Dec, 2016 12:00am
Ukraine 2016-17 grain exports to fall below forecast

Ukraine 2016-17 grain exports to fall below forecast

Logistical problems could cause Ukraine's 2016-17 grain exports to fall slightly below the forecast 41 million tonnes, Agriculture Minister Taras Kutovy said on Friday. "We are keeping our export forecast at 41 million tonnes, but it could be less due to
Published 06 Dec, 2016 12:00am
HRW wheat bids firm

HRW wheat bids firm

Cash basis bids for hard red winter wheat were firm in the southern US Plains on Friday after some merchandisers rolled their bids. Dealers in Goodland, Kansas, and Enid, Oklahoma, rolled their basis from the Chicago Board of Trade K.C. wheat December con
Published 06 Dec, 2016 12:00am
Asian naphtha crack falls for third session

Asian naphtha crack falls for third session

The contango in Asia's naphtha intermonth spread between second-half January and second-half February deepened by half to $1 on Monday while the crack value fell for the third straight session to reach its lowest in five weeks at $60.63 a tonne. The crude
Published 06 Dec, 2016 12:00am
China aims to double ethanol output by 2020

China aims to double ethanol output by 2020

China is aiming to produce 4 million tonnes of ethanol by 2020, doubling output from the current level, even as it keeps tight control over the use of food grains to make the biofuel, a government plan showed on Monday. The world's largest energy consumer
Published 06 Dec, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 06 Dec, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 06 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 06 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 06 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 Monday (December 05, 2016).

Published 06 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 Monday (December 05, 2016).

Published 06 Dec, 2016 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (December 05, 2016).
Published 06 Dec, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (December 05, 2016).

Published 06 Dec, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (December 05, 2016).

Published 06 Dec, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (December 05, 2016).

Published 06 Dec, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Monday (December 05, 2016).

Published 06 Dec, 2016 12:00am
Jayalalithaa passes away

Jayalalithaa passes away

Jayalalithaa Jayaram, the chief minister of south India's Tamil Nadu state and one of the country's most popular political leaders, died after a prolonged illness, hospital authorities announced late Monday night. "It is with indescribable grief, we annou
Published 06 Dec, 2016 12:00am
Jayalalithaa passes away

Jayalalithaa passes away

Jayalalithaa Jayaram, the chief minister of south India's Tamil Nadu state and one of the country's most popular political leaders, died after a prolonged illness, hospital authorities announced late Monday night. "It is with indescribable grief, we annou
Published 06 Dec, 2016 12:00am
Realty sector: TI Pakistan urges Supreme Court to ban amnesty scheme

Realty sector: TI Pakistan urges Supreme Court to ban amnesty scheme

Transparency International Pakistan has requested the Supreme Court of Pakistan to ban the recently approved amnesty scheme for real estate sector. A copy of the Transparency International Pakistan letter made available to Business Recorder on Mond
Published 06 Dec, 2016 12:00am
Realty sector: TI Pakistan urges Supreme Court to ban amnesty scheme

Realty sector: TI Pakistan urges Supreme Court to ban amnesty scheme

Transparency International Pakistan has requested the Supreme Court of Pakistan to ban the recently approved amnesty scheme for real estate sector. A copy of the Transparency International Pakistan letter made available to Business Recorder on Mond
Published 06 Dec, 2016 12:00am
Realty sector: TI Pakistan urges Supreme Court to ban amnesty scheme

Realty sector: TI Pakistan urges Supreme Court to ban amnesty scheme

Transparency International Pakistan has requested the Supreme Court of Pakistan to ban the recently approved amnesty scheme for real estate sector. A copy of the Transparency International Pakistan letter made available to Business Recorder on Mond
Published 06 Dec, 2016 12:00am
12 dead, 75 injured in 4-star Karachi hotel fire

12 dead, 75 injured in 4-star Karachi hotel fire

At least 12 people were killed and some 75 others injured due to huge fire erupted in a hotel, here on Monday, the police said. The fire broke out at the kitchen of a multi-story hotel at the city's busiest Shahrah-i-Faisal at around 3 am that engulfed ma
Published 06 Dec, 2016 12:00am
12 dead, 75 injured in 4-star Karachi hotel fire

12 dead, 75 injured in 4-star Karachi hotel fire

At least 12 people were killed and some 75 others injured due to huge fire erupted in a hotel, here on Monday, the police said. The fire broke out at the kitchen of a multi-story hotel at the city's busiest Shahrah-i-Faisal at around 3 am that engulfed ma
Published 06 Dec, 2016 12:00am
Supply of LNG: talks with Italy under way: Khaqan

Supply of LNG: talks with Italy under way: Khaqan

Italy is keen to supply Liquefied Natural Gas (LNG) to Pakistan for which negotiations are under way between the relevant officials, Federal Minister for Petroleum Shahid Khaqan Abbasi said. Talking to Business Recorder, here on Monday after chairi
Published 06 Dec, 2016 12:00am
Supply of LNG: talks with Italy under way: Khaqan

Supply of LNG: talks with Italy under way: Khaqan

Italy is keen to supply Liquefied Natural Gas (LNG) to Pakistan for which negotiations are under way between the relevant officials, Federal Minister for Petroleum Shahid Khaqan Abbasi said. Talking to Business Recorder, here on Monday after chairi
Published 06 Dec, 2016 12:00am
Supply of LNG: talks with Italy under way: Khaqan

Supply of LNG: talks with Italy under way: Khaqan

Italy is keen to supply Liquefied Natural Gas (LNG) to Pakistan for which negotiations are under way between the relevant officials, Federal Minister for Petroleum Shahid Khaqan Abbasi said. Talking to Business Recorder, here on Monday after chairi
Published 06 Dec, 2016 12:00am
Pakistan, Italy agree to increase trade volume

Pakistan, Italy agree to increase trade volume

Pakistan and Italy Monday agreed to increase the trade volume to real potential and stated that existing trade volume of $1 billion was below the real potential. Parliamentary Secretary on Finance, Rana Muhammad Afzal said the government is working on a s
Published 06 Dec, 2016 12:00am
Pakistan, Italy agree to increase trade volume

Pakistan, Italy agree to increase trade volume

Pakistan and Italy Monday agreed to increase the trade volume to real potential and stated that existing trade volume of $1 billion was below the real potential. Parliamentary Secretary on Finance, Rana Muhammad Afzal said the government is working on a s
Published 06 Dec, 2016 12:00am
Pakistan, Italy agree to increase trade volume

Pakistan, Italy agree to increase trade volume

Pakistan and Italy Monday agreed to increase the trade volume to real potential and stated that existing trade volume of $1 billion was below the real potential. Parliamentary Secretary on Finance, Rana Muhammad Afzal said the government is working on a s
Published 06 Dec, 2016 12:00am
UK Supreme Court begins hearings on Brexit challenge

UK Supreme Court begins hearings on Brexit challenge

Britain's Supreme Court began an historic hearing Monday to decide whether parliament must approve the government's Brexit negotiations, in a highly-charged case that could delay the country's EU exit. For the first time ever, all 11 Supreme Court judges
Published 06 Dec, 2016 12:00am
UK Supreme Court begins hearings on Brexit challenge

UK Supreme Court begins hearings on Brexit challenge

Britain's Supreme Court began an historic hearing Monday to decide whether parliament must approve the government's Brexit negotiations, in a highly-charged case that could delay the country's EU exit. For the first time ever, all 11 Supreme Court judges
Published 06 Dec, 2016 12:00am
UK Supreme Court begins hearings on Brexit challenge

UK Supreme Court begins hearings on Brexit challenge

Britain''s Supreme Court began an historic hearing Monday to decide whether parliament must approve the government''s Brexit negotiations, in a highly-charged case that could delay the country''s EU exit. For the first time ever, all 11 Supreme Court judg
Published 06 Dec, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 06 Dec, 2016 12:00am
Britain moves to change WTO terms after Brexit vote

Britain moves to change WTO terms after Brexit vote

Britain is beginning work on becoming an independent member of the World Trade Organisation (WTO) after Brexit, using the EU's current terms as the template, International Trade Secretary Liam Fox said Monday. Britain is currently represented in the 164-m
Published 06 Dec, 2016 12:00am
Britain moves to change WTO terms after Brexit vote

Britain moves to change WTO terms after Brexit vote

Britain is beginning work on becoming an independent member of the World Trade Organisation (WTO) after Brexit, using the EU's current terms as the template, International Trade Secretary Liam Fox said Monday. Britain is currently represented in the 164-m
Published 06 Dec, 2016 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 06 Dec, 2016 12:00am
Britain moves to change WTO terms after Brexit vote

Britain moves to change WTO terms after Brexit vote

Britain is beginning work on becoming an independent member of the World Trade Organisation (WTO) after Brexit, using the EU''s current terms as the template, International Trade Secretary Liam Fox said Monday. Britain is currently represented in the 164-
Published 06 Dec, 2016 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 Dec, 2016 12:00am
RTGS operations: Islamic banking branches allowed direct membership

RTGS operations: Islamic banking branches allowed direct membership

The State Bank of Pakistan (SBP) Monday allowed Islamic Banking Branches (IBBs) of the conventional banks direct membership of Real-Time Gross Settlement (RTGS) system aimed at enhancing the outreach of electronic transfer of large value funds. According
Published 06 Dec, 2016 12:00am
RTGS operations: Islamic banking branches allowed direct membership

RTGS operations: Islamic banking branches allowed direct membership

The State Bank of Pakistan (SBP) Monday allowed Islamic Banking Branches (IBBs) of the conventional banks direct membership of Real-Time Gross Settlement (RTGS) system aimed at enhancing the outreach of electronic transfer of large value funds. According
Published 06 Dec, 2016 12:00am
RTGS operations: Islamic banking branches allowed direct membership

RTGS operations: Islamic banking branches allowed direct membership

The State Bank of Pakistan (SBP) Monday allowed Islamic Banking Branches (IBBs) of the conventional banks direct membership of Real-Time Gross Settlement (RTGS) system aimed at enhancing the outreach of electronic transfer of large value funds. According
Published 06 Dec, 2016 12:00am
PSX divestment: bid opening date extended to December 15

PSX divestment: bid opening date extended to December 15

The opening date of bids, submitted by foreign strategic investors and local institutions to acquire 40 percent stake of Pakistan Stock Exchange (PSX), has been extended to December 15, 2016. A meeting of PSX Divestment Committee was held on Monday to ope
Published 06 Dec, 2016 12:00am
PSX divestment: bid opening date extended to December 15

PSX divestment: bid opening date extended to December 15

The opening date of bids, submitted by foreign strategic investors and local institutions to acquire 40 percent stake of Pakistan Stock Exchange (PSX), has been extended to December 15, 2016. A meeting of PSX Divestment Committee was held on Monday to ope
Published 06 Dec, 2016 12:00am
PSX divestment: bid opening date extended to December 15

PSX divestment: bid opening date extended to December 15

The opening date of bids, submitted by foreign strategic investors and local institutions to acquire 40 percent stake of Pakistan Stock Exchange (PSX), has been extended to December 15, 2016. A meeting of PSX Divestment Committee was held on Monday to ope
Published 06 Dec, 2016 12:00am
PSX sets new record high

PSX sets new record high

Pakistan Stock Exchange (PSX) witnessed another bullish session Monday and the benchmark KSE-100 index, for the first time in its history, crossed 43,700 psychological level to close at a new high of 43,739.97 points, with a healthy gain of 469.07 points.
Published 06 Dec, 2016 12:00am
PSX sets new record high

PSX sets new record high

Pakistan Stock Exchange (PSX) witnessed another bullish session Monday and the benchmark KSE-100 index, for the first time in its history, crossed 43,700 psychological level to close at a new high of 43,739.97 points, with a healthy gain of 469.07 points.
Published 06 Dec, 2016 12:00am
PSX sets new record high

PSX sets new record high

Pakistan Stock Exchange (PSX) witnessed another bullish session Monday and the benchmark KSE-100 index, for the first time in its history, crossed 43,700 psychological level to close at a new high of 43,739.97 points, with a healthy gain of 469.07 points.
Published 06 Dec, 2016 12:00am
BRIndex30 up 387.13 points

BRIndex30 up 387.13 points

On Monday, BRIndex30 opened at 24,569.74 points and remained positive throughout the trading session. It touched an intraday high of 25,003.05 points and an intraday low of 24,569.74 points and closed at 24,956.87 points which was 387.13 points or 1.58 pe
Published 06 Dec, 2016 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

Firmness prevailed on the money market on Monday in the process of trading, dealers said. The rupee shed one paisa in relation to the greenback for buying and selling at Rs 104.82 and Rs 104.83 respectively, they said. In the first Asian trade, the euro t
Published 06 Dec, 2016 12:00am
BRIndex30 up 387.13 points

BRIndex30 up 387.13 points

On Monday, BRIndex30 opened at 24,569.74 points and remained positive throughout the trading session. It touched an intraday high of 25,003.05 points and an intraday low of 24,569.74 points and closed at 24,956.87 points which was 387.13 points or 1.58 pe
Published 06 Dec, 2016 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

Firmness prevailed on the money market on Monday in the process of trading, dealers said. The rupee shed one paisa in relation to the greenback for buying and selling at Rs 104.82 and Rs 104.83 respectively, they said. In the first Asian trade, the euro t
Published 06 Dec, 2016 12:00am
Diamer-Bhasha Dam: financing plan given approval

Diamer-Bhasha Dam: financing plan given approval

Prime Minister Nawaz Sharif approved, in principle, the financing plan for construction of Diamer-Bhasha Dam from indigenous resources with directives to the ministry of finance for finalisation of funding modalities. The proposal of the ministry of water
Published 06 Dec, 2016 12:00am
Diamer-Bhasha Dam: financing plan given approval

Diamer-Bhasha Dam: financing plan given approval

Prime Minister Nawaz Sharif approved, in principle, the financing plan for construction of Diamer-Bhasha Dam from indigenous resources with directives to the ministry of finance for finalisation of funding modalities. The proposal of the ministry of water
Published 06 Dec, 2016 12:00am
Diamer-Bhasha Dam: financing plan given approval

Diamer-Bhasha Dam: financing plan given approval

Prime Minister Nawaz Sharif approved, in principle, the financing plan for construction of Diamer-Bhasha Dam from indigenous resources with directives to the ministry of finance for finalisation of funding modalities. The proposal of the ministry of water
Published 06 Dec, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (December 05, 2016).

Published 06 Dec, 2016 12:00am
Diamer-Bhasha Dam: financing plan given approval

Diamer-Bhasha Dam: financing plan given approval

Prime Minister Nawaz Sharif approved, in principle, the financing plan for construction of Diamer-Bhasha Dam from indigenous resources with directives to the ministry of finance for finalisation of funding modalities. The proposal of the ministry of water
Published 06 Dec, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (December 05, 2016).

Published 06 Dec, 2016 12:00am
Prime Minister approves renaming physics center after Dr Abdus Salam

Prime Minister approves renaming physics center after Dr Abdus Salam

Prime Minister Nawaz Sharif on Monday gave, in principle, approval to the renaming of National Centre for Physics at Quaid-i-Azam University as "Professor Abdus Salam Center for Physics." The PM has directed the Ministry of Professional and Technical Trai
Published 06 Dec, 2016 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 25th November, 2016.

Published 06 Dec, 2016 12:00am
Prime Minister approves renaming physics center after Dr Abdus Salam

Prime Minister approves renaming physics center after Dr Abdus Salam

Prime Minister Nawaz Sharif on Monday gave, in principle, approval to the renaming of National Centre for Physics at Quaid-i-Azam University as "Professor Abdus Salam Center for Physics." The PM has directed the Ministry of Professional and Technical Trai
Published 06 Dec, 2016 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 25th November, 2016.

Published 06 Dec, 2016 12:00am
CPEC security: Army chief reaffirms Pakistan's commitment

CPEC security: Army chief reaffirms Pakistan's commitment

General Zhao Zongqi Commander People Liberation Army, Western Theatre, People Republic of China, visited GHQ yesterday and called on General Qamar Javed Bajwa, Chief of Army Staff. General Zhao Zongqi congratulated General Qamar Javed Bajwa on assumption
Published 06 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 Monday (December 05, 2016).

Published 06 Dec, 2016 12:00am
CPEC security: Army chief reaffirms Pakistan's commitment

CPEC security: Army chief reaffirms Pakistan's commitment

General Zhao Zongqi Commander People Liberation Army, Western Theatre, People Republic of China, visited GHQ yesterday and called on General Qamar Javed Bajwa, Chief of Army Staff. General Zhao Zongqi congratulated General Qamar Javed Bajwa on assumption
Published 06 Dec, 2016 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (December 05, 2016).

Published 06 Dec, 2016 12:00am
CPEC security: Army chief reaffirms Pakistan''s commitment

CPEC security: Army chief reaffirms Pakistan''s commitment

General Zhao Zongqi Commander People Liberation Army, Western Theatre, People Republic of China, visited GHQ yesterday and called on General Qamar Javed Bajwa, Chief of Army Staff. General Zhao Zongqi congratulated General Qamar Javed Bajwa on assumption
Published 06 Dec, 2016 12:00am
Previous Day