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Markets » Exchange

Hungary watchdog fines banking panel
Exchange

Hungary watchdog fines banking panel

Hungarian competition watchdog GVH has fined the local Banking Association 4 billion forints ($13.7 million) for running a database that allowed its members to share crucial business data in an unlawful way, GVH said in a statement on Tuesday. The GVH sai
Published 13 Jan, 2016 12:00am
Gold stays lower in European trade
Exchange

Gold stays lower in European trade

Gold fell for a third straight session on Tuesday as a rebound in European and US stock markets undermined the metal's appeal as a haven from risk, and as the dollar strengthened against a currency basket. The metal retreated from a high of $1,099.15 as E
Published 13 Jan, 2016 12:00am
Palm oil falls
Vegetable Oil

Palm oil falls

Malaysian palm oil futures fell on Tuesday as global crude oil prices tumbled to 12-year lows this week, with declining production data from a government body doing little to boost market sentiment. The palm oil contract for March on the Bursa Malaysia De
Published 13 Jan, 2016 12:00am
Daily trading report of PMEX
Exchange

Daily trading report of PMEX

On Monday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 3,818 million. The number of lots traded was 12.37 million. PMEX Commodity Index closed at 2,503. Major business was contributed by gold amounting to PKR 3,054 million followed by cr
Published 13 Jan, 2016 12:00am
Rubber hits fresh seven-year low
Exchange

Rubber hits fresh seven-year low

Benchmark Tokyo rubber futures hit a fresh seven-year low on Tuesday as investors stepped up selling on fears over Beijing's ability to revive its economy and plunging oil prices, but reports that Thai government may help rubber farmers limited the losses
Published 13 Jan, 2016 12:00am
Nickel tumbles to 12-year low, copper weakens
Exchange

Nickel tumbles to 12-year low, copper weakens

Nickel prices slid to their weakest levels in over 12 years on Tuesday, amid worries about high inventories, while copper sunk to fresh 6-1/2 year lows on persistent worries over China's economy. Data on Tuesday showed another increase in refined nickel i
Published 13 Jan, 2016 12:00am
Shanghai copper slips
Exchange

Shanghai copper slips

Shanghai Futures Exchange copper slid 2 percent to 34,630 yuan ($5,267) a tonne on Tuesday, a one month low. ShFE copper is holding well above 6-1/2 year lows of 30,010 from November 24. The prices dip with fresh selling unleashed on worries over China's
Published 13 Jan, 2016 12:00am
Message from Mission Director, USAID
Mutual Funds

Message from Mission Director, USAID

The United States and Pakistan have closely collaborated for decades to support Pakistan's social and economic growth. This week's Non-Bank Finance Institutions and Capital Markets Conference is another example of the United States' continued commitment t
Published 13 Jan, 2016 12:00am
Investing through Mutual Funds
Mutual Funds

Investing through Mutual Funds

What Are Mutual Funds? A mutual fund is an investment vehicle that pools together money from many investors and invests it on behalf of the group, in accordance with a stated set of objectives and is managed by a professional asset management compa
Published 13 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 13 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 13 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 Tuesday (January 12, 2016).

Published 13 Jan, 2016 12:00am
Minister, MQM oppose PSX establishment
Exchange

Minister, MQM oppose PSX establishment

Muttahida Qaumi Movement has opposed the establishment of Pakistan Stock Exchange (PSX) and urged the government to avoid from changing the status of Karachi as commercial hub of the nation. MQM leader Dr Muhammad Farooq Sattar on Tuesday said while speak
Published 13 Jan, 2016 12:00am
Minister, MQM oppose PSX establishment
Exchange

Minister, MQM oppose PSX establishment

Muttahida Qaumi Movement has opposed the establishment of Pakistan Stock Exchange (PSX) and urged the government to avoid from changing the status of Karachi as commercial hub of the nation. MQM leader Dr Muhammad Farooq Sattar on Tuesday said while speak
Published 13 Jan, 2016 12:00am
Minister, MQM oppose PSX establishment
Exchange

Minister, MQM oppose PSX establishment

Muttahida Qaumi Movement has opposed the establishment of Pakistan Stock Exchange (PSX) and urged the government to avoid from changing the status of Karachi as commercial hub of the nation. MQM leader Dr Muhammad Farooq Sattar on Tuesday said while speak
Published 13 Jan, 2016 12:00am
Equities remain volatile
Exchange

Equities remain volatile

Selling spree persisted on Tuesday on Pakistan Stock Exchange (PSX) with KSE-100 index losing 54 more points because of politico-economic negatives. As anticipated by the official quarters, the foreign portfolio investment remained in the positive zone an
Published 13 Jan, 2016 12:00am
Equities remain volatile
Exchange

Equities remain volatile

Selling spree persisted on Tuesday on Pakistan Stock Exchange (PSX) with KSE-100 index losing 54 more points because of politico-economic negatives. As anticipated by the official quarters, the foreign portfolio investment remained in the positive zone an
Published 13 Jan, 2016 12:00am
Equities remain volatile
Exchange

Equities remain volatile

Selling spree persisted on Tuesday on Pakistan Stock Exchange (PSX) with KSE-100 index losing 54 more points because of politico-economic negatives. As anticipated by the official quarters, the foreign portfolio investment remained in the positive zone an
Published 13 Jan, 2016 12:00am
Finger against tax amnesties
Exchange

Finger against tax amnesties

The International Monetary Fund (IMF) head of mission for Pakistan Harald Finger said on Tuesday international experience shows that tax amnesty scheme undermines tax compliance, weakens revenue collection and penalises compliant taxpayers. Speaking to me
Published 13 Jan, 2016 12:00am
Finger against tax amnesties
Exchange

Finger against tax amnesties

The International Monetary Fund (IMF) head of mission for Pakistan Harald Finger said on Tuesday international experience shows that tax amnesty scheme undermines tax compliance, weakens revenue collection and penalises compliant taxpayers. Speaking to me
Published 13 Jan, 2016 12:00am
Finger against tax amnesties
Exchange

Finger against tax amnesties

The International Monetary Fund (IMF) head of mission for Pakistan Harald Finger said on Tuesday international experience shows that tax amnesty scheme undermines tax compliance, weakens revenue collection and penalises compliant taxpayers. Speaking to me
Published 13 Jan, 2016 12:00am
Finger against tax amnesties
Exchange

Finger against tax amnesties

The International Monetary Fund (IMF) head of mission for Pakistan Harald Finger said on Tuesday international experience shows that tax amnesty scheme undermines tax compliance, weakens revenue collection and penalises compliant taxpayers. Speaking to me
Published 13 Jan, 2016 12:00am