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Draft Companies Bill: SECP conducts consultative session at LCCI

The Securities and Exchange Commission of Pakistan (SECP) in collaboration with the Lahore Chamber of Commerce and Industry (LCCI) organised a consultative session on the draft Companies Bill at LCCI. Eminent chartered accountants, lawyers, corporate cons

Published 09 Jan, 2016 12:00am

Exchange

KSE to hold live-like mock sessions for TREC holders

Subsequent to approval of the schemes of integration of the stock exchanges by the Securities and Exchange Commission of Pakistan (SECP), the Karachi Stock Exchange Limited (KSE) will be arranging a comprehensive pre-production mock trading session for al

Published 09 Jan, 2016 12:00am

Exchange

Printing, security systems and textiles Turkey looks forward to JVs

Turkey's commercial counsellor has signalled his country's interest in joint ventures with Pakistan in printing, security systems, building materials, construction services and textiles. Farhat Kavakli, who was the President of the Lahore Chamber of Comme

Published 09 Jan, 2016 12:00am

Exchange

Qaingdao to Punjab: 'vast scope exists to shift industrial production facilities'

The Party Secretary of CPC Qingdao Committee, China, Li Qun on Friday said there is a vast scope of shifting industrial production facilities from the Chinese economic hub-Qaingdao to Punjab province. He expressed these views while heading a 12-member del

Published 09 Jan, 2016 12:00am

Exchange

Two-day book building: Hi-Tech Lubricants oversubscribed

The book building of the Hi-Tech Lubricants Limited has been over-subscribed by 2.24 times after the two-day book building process. The shares were offered at a base price of Rs 37 per share but following significantly high demand during the book building

Published 09 Jan, 2016 12:00am

Exchange

Government merging stock exchanges to form single bourse

Karachi Stock Exchange (KSE) will become the Pakistan Stock Exchange next week after merging with two other bourses to become the single share trading entity in the country, officials said Friday. The merger of the Karachi, Lahore and Islamabad Stock Exch

Published 09 Jan, 2016 12:00am

Exchange

Pressure grows on China to rein in North Korea; South launches propaganda barrage

South Korea unleashed an ear-splitting propaganda barrage across its border with North Korea on Friday in retaliation for its nuclear test, while the United States called on China to end "business as usual" with its ally. The broadcasts, in rolling bursts

Published 09 Jan, 2016 12:00am

Exchange

Australia coach predicts fiesty India ODI series

Australia's upcoming one-day campaign against India should be as feisty as ever, coach Darren Lehmann said Friday, adding the dynamic would be a good challenge for his young squad. Asked about the mood of the five-match ODI series, which gets under way at

Published 09 Jan, 2016 12:00am

Exchange

China gives Asia FX temporary remedy

Emerging Asian currencies on Friday rebounded as China tried to calm financial markets again, while regional units were set to suffer weekly losses on uncertainties over Beijing's stance on the renminbi's weakness. China's central bank set its daily yuan

Published 09 Jan, 2016 12:00am

Exchange

Kazakh tenge hits all-time low

The weighted average of the Kazakh tenge fell to an all-time low of 351.88 per dollar on the Kazakhstan Stock Exchange on Friday from 345.01 on the previous trading day. The move followed a drop in the price of Brent oil which hit an 11-year low this week

Published 09 Jan, 2016 12:00am

Exchange

Early trade in New York: dollar gains briefly, China worries persist

The dollar climbed Friday on measures taken by China to ease this week's market turmoil and a hefty rise in US jobs in December, but gains were limited by worries over whether Beijing has done enough to calm its battered stock market. This week's steep lo

Published 09 Jan, 2016 12:00am

Exchange

Yen sags, Aussie gains in Asia

The yen reversed course and sagged against the dollar while the Australian dollar rebounded on Friday after the People's Bank of China (PBOC) set a higher yuan guidance rate for the first time in nine days. The dollar was up 0.5 percent at 118.305 yen, pu

Published 09 Jan, 2016 12:00am

Exchange

Dow, S&P off to worst four-day January start ever as China fears grow

US stocks sold off further on Thursday, giving the Dow and S&P 500 their worst four-day starts to a year ever, dragged down by another drop in Chinese equities and oil prices at 12-year lows. China allowed the biggest fall in its yuan currency in five mon

Published 09 Jan, 2016 12:00am

Exchange

Friday's early trade: stocks turn negative as oil resumes downward spiral

US stocks pared gains and turned negative on Friday, weighed down by energy stocks as oil prices dipped below $33 a barrel -their lowest in more than a decade. Oil erased earlier gains, pressured by persistent global oversupply and a bleak demand outlook.

Published 09 Jan, 2016 12:00am

Exchange

Draft of 1984 Companies Ordinance: LCCI praises SECP efforts for consulting stakeholders

The Lahore Chamber of Commerce and Industry (LCCI) has welcomed an initiative by the Securities and Exchange Commission of Pakistan (SECP) to consult stakeholders on a draft of the 1984 Companies Ordinance, saying the business community's involvement in e