Print - 2015-10-06
Pakistan's 4-point proposal

Pakistan's 4-point proposal

Sixty-seven years on, Kashmir remains an unfinished agenda of Partition, and a running dispute between Pakistan and India rigged with ever-lurking potential of exploding into a full-fledged conflict as it did thrice before but much more cataclysmically no
Published 06 Oct, 2015 12:00am
Cut in NSS rates

Cut in NSS rates

As was expected after the latest reduction in policy rate by 0.5 percent to 0.6 percent by the State Bank of Pakistan, the government on 1st October, 2015 also slashed the rates of return on various National Saving Schemes (NSS) by up to 68 basis points.
Published 06 Oct, 2015 12:00am
Dry weather threatens 2016 grain crops in Ukraine and Russia

Dry weather threatens 2016 grain crops in Ukraine and Russia

Dry weather is threatening the 2016 grain harvests in Ukraine and Russia, both major Black Sea wheat exporters which are currently sowing winter crops, analysts and forecasters say. Officials expect the total area for winter grains to remain flat year-on-
Published 06 Oct, 2015 12:00am
Copper jumps, US data persuades funds to cover shorts
Currency

Copper jumps, US data persuades funds to cover shorts

Copper prices jumped on Monday, as growing expectations that loose monetary policy in the United States will prevail for longer convinced some consumers to hedge their needs and persuaded funds to cover shorts. Benchmark copper on the London Metal Exchang
Published 06 Oct, 2015 12:00am
Rubber climbs

Rubber climbs

Benchmark Tokyo rubber futures climbed for a fourth session on Monday, supported by stronger Nikkei share prices and the yen's fall, but trade was thin amid a long holiday in top consumer China. The Tokyo Commodity Exchange (TOCOM) rubber contract for Mar
Published 06 Oct, 2015 12:00am
Malaysian palm oil rises, tracking competing markets
Vegetable Oil

Malaysian palm oil rises, tracking competing markets

Malaysian palm oil futures continued their rise on Monday after climbing for the past two weeks, supported by strong gains in rival oilseed and crude oil prices. The benchmark December contract on the Bursa Malaysia Derivatives exchange closed 1.2 percent
Published 06 Oct, 2015 12:00am
Raw sugar steadies, arabica jumps
Currency

Raw sugar steadies, arabica jumps

ICE raw sugar futures steadied on Monday near a 7-month high with the possibility of Indian export incentives capping gains. Arabica coffee futures surged, supported by stronger South American currencies, and cocoa futures were little changed in light vol
Published 06 Oct, 2015 12:00am
Gold slips in Asia

Gold slips in Asia

Gold slipped on Monday on profit-taking, but largely retained gains from its biggest jump in nearly nine months in the previous session as weak US jobs data eased fears the Federal Reserve would hike rates this year. Spot gold eased 0.3 percent to $1,134.
Published 06 Oct, 2015 12:00am
Gold edges up in European trade

Gold edges up in European trade

Gold rose on Monday as the dollar weakened after a disappointing US jobs report pushed back expectations of a Federal Reserve rate rise to early 2016. Spot gold, was up 0.2 percent at$1,139.81 an ounce by 1333 GMT, having been lower earlier. "Gold's techn
Published 06 Oct, 2015 12:00am
Angola state fund on hunt for African gold, silver, copper
Currency

Angola state fund on hunt for African gold, silver, copper

Angola's sovereign wealth fund is looking at opportunities in gold, copper and silver mining in sub-Saharan Africa as the continent's number two oil producer tries to diversify its sources of revenue, its chairman said on Wednesday. Jose Filomeno dos Sant
Published 06 Oct, 2015 12:00am
Benazir murder case: Siegel's cross-examination delayed

Benazir murder case: Siegel's cross-examination delayed

Cross-examination of the US lobbyist Mark Siegel, a prosecution witness in the Benazir murder case has been delayed because of his non-availability. Khawaja Imtiaz Ahmed, special prosecutor of the Federal Investigation Agency (FIA) in the Benazir murder c
Published 06 Oct, 2015 12:00am
Benazir murder case: Siegel's cross-examination delayed

Benazir murder case: Siegel's cross-examination delayed

Cross-examination of the US lobbyist Mark Siegel, a prosecution witness in the Benazir murder case has been delayed because of his non-availability. Khawaja Imtiaz Ahmed, special prosecutor of the Federal Investigation Agency (FIA) in the Benazir murder c
Published 06 Oct, 2015 12:00am
Strike enters fifth day: government rejects Palpa''s demands

Strike enters fifth day: government rejects Palpa''s demands

The government on Monday rejected the demands of Pakistan Airlines Pilots Association (PALPA) saying such demands tantamount to challenging the writ of Pakistan International Airlines (PIA) management. The PALPA strike continued for 5th consecutive day as
Published 06 Oct, 2015 12:00am
Strike enters fifth day: government rejects Palpa's demands

Strike enters fifth day: government rejects Palpa's demands

The government on Monday rejected the demands of Pakistan Airlines Pilots Association (PALPA) saying such demands tantamount to challenging the writ of Pakistan International Airlines (PIA) management. The PALPA strike continued for 5th consecutive day as
Published 06 Oct, 2015 12:00am
Strike enters fifth day: government rejects Palpa's demands

Strike enters fifth day: government rejects Palpa's demands

The government on Monday rejected the demands of Pakistan Airlines Pilots Association (PALPA) saying such demands tantamount to challenging the writ of Pakistan International Airlines (PIA) management. The PALPA strike continued for 5th consecutive day as
Published 06 Oct, 2015 12:00am
CCP takes notice of hike in air fares

CCP takes notice of hike in air fares

The Competition Commission of Pakistan (CCP) has taken a serious notice of an unreasonable raise in the air fares by some private airlines operating in Pakistan after a strike by the Pakistan Airlines Pilots'' Association (PALPA). Sources said here on Mon
Published 06 Oct, 2015 12:00am
CCP takes notice of hike in air fares

CCP takes notice of hike in air fares

The Competition Commission of Pakistan (CCP) has taken a serious notice of an unreasonable raise in the air fares by some private airlines operating in Pakistan after a strike by the Pakistan Airlines Pilots' Association (PALPA). Sources said here on Mond
Published 06 Oct, 2015 12:00am
CCP takes notice of hike in air fares

CCP takes notice of hike in air fares

The Competition Commission of Pakistan (CCP) has taken a serious notice of an unreasonable raise in the air fares by some private airlines operating in Pakistan after a strike by the Pakistan Airlines Pilots' Association (PALPA). Sources said here on Mond
Published 06 Oct, 2015 12:00am
Privatisation of MCB: NAB restrained from giving verdict

Privatisation of MCB: NAB restrained from giving verdict

The Lahore High Court on Monday restrained the National Accountability Bureau (NAB) from giving a final verdict in an inquiry into privatisation of Muslim Commercial Bank (MCB). The court passed this restrictive order in response to a petition filed by a
Published 06 Oct, 2015 12:00am
Privatisation of MCB: NAB restrained from giving verdict

Privatisation of MCB: NAB restrained from giving verdict

The Lahore High Court on Monday restrained the National Accountability Bureau (NAB) from giving a final verdict in an inquiry into privatisation of Muslim Commercial Bank (MCB). The court passed this restrictive order in response to a petition filed by a
Published 06 Oct, 2015 12:00am
Privatisation of MCB: NAB restrained from giving verdict

Privatisation of MCB: NAB restrained from giving verdict

The Lahore High Court on Monday restrained the National Accountability Bureau (NAB) from giving a final verdict in an inquiry into privatisation of Muslim Commercial Bank (MCB). The court passed this restrictive order in response to a petition filed by a
Published 06 Oct, 2015 12:00am
The Weather

The Weather

The weather report on Monday October 05, 2015) and the forecast for Tuesday October 06, 2015).

Published 06 Oct, 2015 12:00am
No World Bank funding for coal-fired projects, Sindh chief minister told

No World Bank funding for coal-fired projects, Sindh chief minister told

Sindh Chief Minister Syed Qaim Ali Shah has requested the World Bank (WB) to assist the provincial government on coal-fired low-cost power generation in Sindh. Talking to WB Country Director Illango Patchamuthu, who called on him at the CM House here on M
Published 06 Oct, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday October 05, 2015).

Published 06 Oct, 2015 12:00am
No World Bank funding for coal-fired projects, Sindh chief minister told

No World Bank funding for coal-fired projects, Sindh chief minister told

Sindh Chief Minister Syed Qaim Ali Shah has requested the World Bank (WB) to assist the provincial government on coal-fired low-cost power generation in Sindh. Talking to WB Country Director Illango Patchamuthu, who called on him at the CM House here on M
Published 06 Oct, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday October 05, 2015).

Published 06 Oct, 2015 12:00am
No World Bank funding for coal-fired projects, Sindh chief minister told

No World Bank funding for coal-fired projects, Sindh chief minister told

Sindh Chief Minister Syed Qaim Ali Shah has requested the World Bank (WB) to assist the provincial government on coal-fired low-cost power generation in Sindh. Talking to WB Country Director Illango Patchamuthu, who called on him at the CM House here on M
Published 06 Oct, 2015 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 06 Oct, 2015 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 06 Oct, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday October 05, 2015).

Published 06 Oct, 2015 12:00am
ISE index improves 33.84 points

ISE index improves 33.84 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Tuesday, where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 33.84 points as the ISE Ten Index moved f
Published 06 Oct, 2015 12:00am
ISE index improves 33.84 points

ISE index improves 33.84 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Tuesday, where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 33.84 points as the ISE Ten Index moved f
Published 06 Oct, 2015 12:00am
LSE index down 80.24 points

LSE index down 80.24 points

Bearish sentiments prevailed at the Lahore Stock Exchange where losers outclassed gainers amid a descending transaction volume on Monday. The LSE-25 index fell to 5507.78 points against 5588.02 points of Friday, showing a decline of 80.24 points, while tr
Published 06 Oct, 2015 12:00am
LSE index down 80.24 points

LSE index down 80.24 points

Bearish sentiments prevailed at the Lahore Stock Exchange where losers outclassed gainers amid a descending transaction volume on Monday. The LSE-25 index fell to 5507.78 points against 5588.02 points of Friday, showing a decline of 80.24 points, while tr
Published 06 Oct, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday October 05, 2015)

Published 06 Oct, 2015 12:00am
Gas being sold to third parties: KP not being informed

Gas being sold to third parties: KP not being informed

Khyber Pakhtunkhwa province is not being informed about the quantity of gas that is being sold by exploration and production companies to the third parties, according to an official document. As per an official document firmed up by Petroleum Ministry in
Published 06 Oct, 2015 12:00am
Gas being sold to third parties: KP not being informed

Gas being sold to third parties: KP not being informed

Khyber Pakhtunkhwa province is not being informed about the quantity of gas that is being sold by exploration and production companies to the third parties, according to an official document. As per an official document firmed up by Petroleum Ministry in
Published 06 Oct, 2015 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 October 05, 2015).

Published 06 Oct, 2015 12:00am
Gas being sold to third parties: KP not being informed

Gas being sold to third parties: KP not being informed

Khyber Pakhtunkhwa province is not being informed about the quantity of gas that is being sold by exploration and production companies to the third parties, according to an official document. As per an official document firmed up by Petroleum Ministry in
Published 06 Oct, 2015 12:00am
Dar reviews progress on various bills

Dar reviews progress on various bills

Finance Minister Ishaq Dar on Monday chaired a meeting of a committee constituted to review laws. The meeting discussed media reports that some bills that were passed by the Senate had lapsed since the National Assembly session had not been held. The meet
Published 06 Oct, 2015 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 October 05, 2015).

Published 06 Oct, 2015 12:00am
Dar reviews progress on various bills

Dar reviews progress on various bills

Finance Minister Ishaq Dar on Monday chaired a meeting of a committee constituted to review laws. The meeting discussed media reports that some bills that were passed by the Senate had lapsed since the National Assembly session had not been held. The meet
Published 06 Oct, 2015 12:00am
Dar reviews progress on various bills

Dar reviews progress on various bills

Finance Minister Ishaq Dar on Monday chaired a meeting of a committee constituted to review laws. The meeting discussed media reports that some bills that were passed by the Senate had lapsed since the National Assembly session had not been held. The meet
Published 06 Oct, 2015 12:00am
Sartaj rules out cricket with India

Sartaj rules out cricket with India

National Security Advisor Sartaj Aziz on Mon-day ruled out a potential cricket series against India, saying he saw no chance of a revival of ties between the arch-rivals under "the current situation". Aziz's remarks come with the Pakistan Cricket Board (P
Published 06 Oct, 2015 12:00am
Sartaj rules out cricket with India

Sartaj rules out cricket with India

National Security Advisor Sartaj Aziz on Mon-day ruled out a potential cricket series against India, saying he saw no chance of a revival of ties between the arch-rivals under "the current situation". Aziz's remarks come with the Pakistan Cricket Board (P
Published 06 Oct, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday October 05, 2015).

Published 06 Oct, 2015 12:00am
BRIndex30 sheds 210.85 points

BRIndex30 sheds 210.85 points

On Mon-day, BRIndex30 opened at 20,469.55 points. It touched an intraday high of 20,579.27 points and an intraday low of 20,237.30 points and closed at 20,258.70 points which was -210.85 points or -1.03 percent lower than previous close. Total volume was
Published 06 Oct, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday October 05, 2015).

Published 06 Oct, 2015 12:00am
BRIndex30 sheds 210.85 points

BRIndex30 sheds 210.85 points

On Mon-day, BRIndex30 opened at 20,469.55 points. It touched an intraday high of 20,579.27 points and an intraday low of 20,237.30 points and closed at 20,258.70 points which was -210.85 points or -1.03 percent lower than previous close. Total volume was
Published 06 Oct, 2015 12:00am
Equities decline

Equities decline

Karachi stocks Monday shed 185 points because of what analysts said select scrips which came under pressure. The KSE-100 index closed at 32,784.94 compared to 32,969.73 points of Friday last week. The trading turnover declined to 166 million shares from t
Published 06 Oct, 2015 12:00am
Equities decline

Equities decline

Karachi stocks Monday shed 185 points because of what analysts said select scrips which came under pressure. The KSE-100 index closed at 32,784.94 compared to 32,969.73 points of Friday last week. The trading turnover declined to 166 million shares from t
Published 06 Oct, 2015 12:00am
THE RUPEE: little changes
Currency

THE RUPEE: little changes

The rupee managed to hold its weekend stability against the dollar on Monday in the process of trading, dealers said. The rupee held the last levels versus the dollar for buying and selling at Rs 104.50 and Rs 104.51 respectively, they said.
Published 06 Oct, 2015 12:00am
Equities decline

Equities decline

Karachi stocks Monday shed 185 points because of what analysts said select scrips which came under pressure. The KSE-100 index closed at 32,784.94 compared to 32,969.73 points of Friday last week. The trading turnover declined to 166 million shares from t
Published 06 Oct, 2015 12:00am
THE RUPEE: little changes
Currency

THE RUPEE: little changes

The rupee managed to hold its weekend stability against the dollar on Monday in the process of trading, dealers said. The rupee held the last levels versus the dollar for buying and selling at Rs 104.50 and Rs 104.51 respectively, they said.
Published 06 Oct, 2015 12:00am
OECD reveals plan for tax clampdown on multinationals

OECD reveals plan for tax clampdown on multinationals

The world''s advanced economies announced Monday a long-awaited plan to close the loopholes on tax-avoiding multinationals that cost countries more than $100 billion a year, declaring: "Playtime is over." Low tax bills for big names such as Google and McD
Published 06 Oct, 2015 12:00am
OECD reveals plan for tax clampdown on multinationals

OECD reveals plan for tax clampdown on multinationals

The world's advanced economies announced Monday a long-awaited plan to close the loopholes on tax-avoiding multinationals that cost countries more than $100 billion a year, declaring: "Playtime is over." Low tax bills for big names such as Google and McDo
Published 06 Oct, 2015 12:00am
OECD reveals plan for tax clampdown on multinationals

OECD reveals plan for tax clampdown on multinationals

The world's advanced economies announced Monday a long-awaited plan to close the loopholes on tax-avoiding multinationals that cost countries more than $100 billion a year, declaring: "Playtime is over." Low tax bills for big names such as Google and McDo
Published 06 Oct, 2015 12:00am
IMF sets three structural benchmarks

IMF sets three structural benchmarks

The Interna-tional Monetary Fund (IMF) has set three structural benchmarks for Pakistan including draft legislation against "benami" transactions by end-January 2016 to improve tax compliance and enforcement, tackle losses, raise payment compliance and im
Published 06 Oct, 2015 12:00am
IMF sets three structural benchmarks

IMF sets three structural benchmarks

The Interna-tional Monetary Fund (IMF) has set three structural benchmarks for Pakistan including draft legislation against "benami" transactions by end-January 2016 to improve tax compliance and enforcement, tackle losses, raise payment compliance and im
Published 06 Oct, 2015 12:00am
IMF sets three structural benchmarks

IMF sets three structural benchmarks

The Interna-tional Monetary Fund (IMF) has set three structural benchmarks for Pakistan including draft legislation against "benami" transactions by end-January 2016 to improve tax compliance and enforcement, tackle losses, raise payment compliance and im
Published 06 Oct, 2015 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 Oct, 2015 12:00am
Nandipur power project: third-party audits begin

Nandipur power project: third-party audits begin

A reputed chartered accountants firm has started third-party audits of the controversial 425MW Nandipur Power project amid allegations of corruption and over Rs 80 billion loss to the national exchequer. According to reports, representatives of the compan
Published 06 Oct, 2015 12:00am
Nandipur power project: third-party audits begin

Nandipur power project: third-party audits begin

A reputed chartered accountants firm has started third-party audits of the controversial 425MW Nandipur Power project amid allegations of corruption and over Rs 80 billion loss to the national exchequer. According to reports, representatives of the compan
Published 06 Oct, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 06 Oct, 2015 12:00am
Nandipur power project: third-party audits begin

Nandipur power project: third-party audits begin

A reputed chartered accountants firm has started third-party audits of the controversial 425MW Nandipur Power project amid allegations of corruption and over Rs 80 billion loss to the national exchequer. According to reports, representatives of the compan
Published 06 Oct, 2015 12:00am
Cotton jumps to two-week high on rain, floods in US southeast
Cotton

Cotton jumps to two-week high on rain, floods in US southeast

ICE cotton jumped to a two-week high on Monday as historic rains in South Carolina, which flooded streets and left nine people dead, also inundated cotton fields in the region, potentially damaging yields and crop quality. "It's a veritable disaster," sai
Published 06 Oct, 2015 12:00am
Crude up two percent as gasoline jumps, Russia mulls talks on oil

Crude up two percent as gasoline jumps, Russia mulls talks on oil

Crude oil prices rose more than 2 percent on Monday, bolstered by a rally in US gasoline and Russia's willingness to meet other major oil producers to discuss the market. Higher stock prices on Wall Street provided further support to oil and other dollar-
Published 06 Oct, 2015 12:00am