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FPCCI body chief urges government to promote horticulture
Exchange

FPCCI body chief urges government to promote horticulture

Chairman of the Federation of Pakistan Chambers of Commerce and Industry's (FPCCI) standing committee on horticulture, Ahmad Jawad has demanded of the government to develop an integrated energy-efficient cold chain infrastructure for fresh horticulture pr
Published 17 Jan, 2016 12:00am
US MIDDAY: gold climbs
Currency

US MIDDAY: gold climbs

Gold rose nearly 2 percent early on Friday, after dropping for four of the past five sessions, as a weaker dollar and falling equity markets underpinned demand for assets perceived as safer. Oil prices dove below $29 a barrel, dragging major equity indice
Published 16 Jan, 2016 12:00am
Import of dollars allowed for another three months
Exchange

Import of dollars allowed for another three months

State Bank of Pakistan (SBP) Friday granted another three months extension to Exchange Companies (ECs) for the import of cash US dollars against export of permissible foreign currencies. Lifting a 10-year ban on July 28, 2015, State Bank permitted ECs to
Published 16 Jan, 2016 12:00am
Gold rises in Europe
Currency

Gold rises in Europe

Gold rose nearly 2 percent on Friday, after dropping for four of the past five sessions, as a weaker dollar and falling equity markets underpinned demand for assets perceived as safer. European shares dropped, following losses in Asian markets, to 3-1/2-y
Published 16 Jan, 2016 12:00am
Palm oil surges
Exchange

Palm oil surges

Malaysian palm oil futures rose on Friday, underpinned by improving export data and expected lower output and as traders covered short positions, but were still set for a small weekly fall. The palm oil contract for March on the Bursa Malaysia Derivatives
Published 16 Jan, 2016 12:00am
Students in Sargodha, Gujranwala SECP organises seminar
Exchange

Students in Sargodha, Gujranwala SECP organises seminar

The Securities and Exchange Commission of Pakistan (SECP) organised an investor education and awareness seminar at the University of Sargodha, Gujranwala Campus for the students of Business Management and Commerce. The event was organised by the Event Man
Published 16 Jan, 2016 12:00am
Rubber rises
Exchange

Rubber rises

Benchmark Tokyo rubber futures extended gains for a third straight session on Friday and posted a weekly gain of 5.5 percent after touching a seven-year low earlier in the week, helped by a Thai measure to help farmers by buying the commodity at above-mar
Published 16 Jan, 2016 12:00am
Hawala/Hundi Rs 356.56 million seized under NAP
Exchange

Hawala/Hundi Rs 356.56 million seized under NAP

The government has seized Rs 356.56 million sent through Hawala Hundi in a bid to choke financing for terrorism and terror organisations under the National Action Plan. Minister for Interior and Narcotics Control Chaudhry Nisar Ali Khan informed this to t
Published 16 Jan, 2016 12:00am
Copper slides to 6-1/2 years low on oil, Chinese rout
Exchange

Copper slides to 6-1/2 years low on oil, Chinese rout

Copper tumbled to its lowest since May 2009 on Friday, pressured by a slide in oil prices plus further losses in shares and the offshore currency in China, where weak loan data undermined sentiment. Chinese shares fell below last month's low while the yua
Published 16 Jan, 2016 12:00am
NBFCs urged to finance CPEC projects
Exchange

NBFCs urged to finance CPEC projects

Secretary Finance and Chairman Securities and Exchange Policy Board (SEPB) Dr Waqar Masood Khan Friday urged the need for the Non-Bank Financial Companies (NBFCs) to extend the required financing for the $46 billion China-Pakistan Economic Corridor (CPEC)
Published 16 Jan, 2016 12:00am
Shanghai copper pares early gains
Exchange

Shanghai copper pares early gains

Shanghai Futures Exchange copper pared early gains to end at 34,800 yuan ($5,284) a tonne on Friday. ShFE copper prices on Thursday fell to their lowest level since December 4 and are down more than 4 percent during January.
Published 16 Jan, 2016 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 16 Jan, 2016 12:00am
Infosys rides out Chennai floods, posts profit rise
Exchange

Infosys rides out Chennai floods, posts profit rise

Indian software giant Infosys reported a better-than-expected 6.6 percent rise in quarterly earnings on Thursday, riding out the effects of deadly floods in Chennai and sending its stock soaring. The country's second largest IT services exporter said its
Published 16 Jan, 2016 12:00am
Integration of bourses
Exchange

Integration of bourses

By hitting the gong three times on 11th January, 2016, Finance Minister Ishaq Dar formally effected the merger of the stock markets of Karachi, Lahore and Islamabad into the Pakistan Stock Exchange (PSX) and described the occasion as a historic day for ca
Published 16 Jan, 2016 12:00am
Infosys rides out Chennai floods, posts profit rise
Exchange

Infosys rides out Chennai floods, posts profit rise

Indian software giant Infosys reported a better-than-expected 6.6 percent rise in quarterly earnings on Thursday, riding out the effects of deadly floods in Chennai and sending its stock soaring. The country's second largest IT services exporter said its
Published 16 Jan, 2016 12:00am
State Bank of Pakistan conversion rates
Exchange

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 16 Jan, 2016 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 16 Jan, 2016 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

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 16 Jan, 2016 12:00am
Energy leads Wall Street rebound; S&P has best day since Dec
Exchange

Energy leads Wall Street rebound; S&P has best day since Dec

A rally in battered energy shares led US stocks to rebound on Thursday, while financials rose after upbeat results from J. P Morgan Chase & Co. The S&P 500 registered its biggest daily percentage gain since December 4 and ended back above 1,900 in the hea
Published 16 Jan, 2016 12:00am