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Most SE Asian stocks fall
Exchange

Most SE Asian stocks fall

Most Southeast Asian stock markets fell on Friday as a retreat in crude oil futures triggered sell-offs in energy shares, sending Thai benchmark to a near one-week low and key indexes in the region extending losses for the second week.
Published 16 Jan, 2016 12:00am
Currency notes: exchange rates
Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (January 15, 2016).

Published 16 Jan, 2016 12:00am
Gazprom reports third quarter net loss of 2 billion roubles
Exchange

Gazprom reports third quarter net loss of 2 billion roubles

Russian natural gas producer Gazprom reported a third-quarter net loss of 2 billion roubles ($26.1 million) on Friday hurt by a weak rouble and low oil prices but beat analysts' expectations. Analysts' had predicted a much larger net loss of 25 billion ro
Published 16 Jan, 2016 12:00am
SECP issues 48 orders over non-compliance
Exchange

SECP issues 48 orders over non-compliance

The Securities and Exchange Commission of Pakistan's (SECP) Corporate Supervision Department has concluded adjudication of 48 proceedings against the listed and non-listed companies in December 2015. Subsequently, Orders were issued against their chief ex
Published 16 Jan, 2016 12:00am
China capable of keeping yuan basically stable: Li
Exchange

China capable of keeping yuan basically stable: Li

China is capable of keeping the yuan basically stable at "a reasonable and balanced level", state television quoted Premier Li Keqiang as saying. China has no intention to stimulate its exports via competitive currency devaluation, Li said.
Published 16 Jan, 2016 12:00am
European wheat prices fall to four-month low
Exchange

European wheat prices fall to four-month low

European wheat prices in Paris fell to a four-month low on Wednesday, pressured by the prospect of hefty global supplies and wiping out gains from the previous day. The front-month March contract on the Paris Euronext exchange unofficially closed down 1.6
Published 16 Jan, 2016 12:00am
US natural gas futures edge higher on cold forecasts
Exchange

US natural gas futures edge higher on cold forecasts

US natural gas futures edged higher on Wednesday as the market covered shorts after prices earlier this week fell almost 9 percent on forecasts for the weather to remain seasonally cold for the rest of the month. Front-month gas futures on the New York Me
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
Daily trading report of PMEX
Exchange

Daily trading report of PMEX

On Thursday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,111 million. The number of lots traded was 24.34 million. PMEX Commodity Index closed at 2,507. Major business was contributed by gold amounting to PKR 4,376 million followed by
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
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Jan, 2016 12:00am
FY 2015-16: SECP registers 2,747 new companies in first half
Exchange

FY 2015-16: SECP registers 2,747 new companies in first half

The Securities and Exchange Commission of Pakistan (SECP), during the first half of current fiscal year (2015-16) registered 2,747 new companies, indicating a growth of 25 percent as compared to the corresponding period last year. The growing trend in com
Published 15 Jan, 2016 12:00am
National Assembly body passes income tax bill by 4-3 majority
Exchange

National Assembly body passes income tax bill by 4-3 majority

National Assembly Standing Committee on Finance here on Thursday passed the Income Tax (Amendment) Bill, 2016 with a majority vote. The committee, which met with Qaiser Ahmad Sheikh MNA in chair, was given a detailed briefing on the Income Tax (Amendment)
Published 15 Jan, 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 Thursday (January 14, 2016).

Published 15 Jan, 2016 12:00am
Reap seeks zero-rated status for rice
Exchange

Reap seeks zero-rated status for rice

Rice Exporters Association of Pakistan (Reap) Thursday demanded zero rating status for rice - the 2nd largest export commodity. "We are receiving complaints from our members that the Federal Board of Revenue (FBR) has withdrawn the zero rating facility on
Published 15 Jan, 2016 12:00am
Onshore yuan weakens
Currency

Onshore yuan weakens

China's onshore yuan edged down against the dollar on Thursday, in line with the weakening offshore spot market as liquidity appears to be improving. The implied overnight yuan interest rate in Hong Kong stood at 0.9/4.5 percent by midday. It surged to a
Published 15 Jan, 2016 12:00am
National Assembly body passes income tax bill by 4-3 majority
Exchange

National Assembly body passes income tax bill by 4-3 majority

National Assembly Standing Committee on Finance here on Thursday passed the Income Tax (Amendment) Bill, 2016 with a majority vote. The committee, which met with Qaiser Ahmad Sheikh MNA in chair, was given a detailed briefing on the Income Tax (Amendment)
Published 15 Jan, 2016 12:00am
Global slowdown fears hurt Asia FX
Currency

Global slowdown fears hurt Asia FX

Most emerging Asian currencies lost ground on Thursday on growing concerns over a global economic slowdown, while explosions and a gunfight in Jakarta hit the Indonesian rupiah. The rupiah touched a one-week low after several explosions went off and gunfi
Published 15 Jan, 2016 12:00am
National Assembly body passes income tax bill by 4-3 majority
Exchange

National Assembly body passes income tax bill by 4-3 majority

National Assembly Standing Committee on Finance here on Thursday passed the Income Tax (Amendment) Bill, 2016 with a majority vote. The committee, which met with Qaiser Ahmad Sheikh MNA in chair, was given a detailed briefing on the Income Tax (Amendment)
Published 15 Jan, 2016 12:00am
Euro regains footing versus dollar in New York
Currency

Euro regains footing versus dollar in New York

The euro regained its footing against the US dollar on Wednesday as risk appetite soured anew late in the afternoon after Brent oil prices fell sharply, prompting steep declines in US equity markets. The yen, another currency like the euro used to fund pu
Published 15 Jan, 2016 12:00am
National Assembly body passes income tax bill by 4-3 majority
Exchange

National Assembly body passes income tax bill by 4-3 majority

National Assembly Standing Committee on Finance here on Thursday passed the Income Tax (Amendment) Bill, 2016 with a majority vote. The committee, which met with Qaiser Ahmad Sheikh MNA in chair, was given a detailed briefing on the Income Tax (Amendment)
Published 15 Jan, 2016 12:00am