Print - 2016-01-19
Robusta coffee sets 5-1/2 years low as Vietnam exports rise
Exchange

Robusta coffee sets 5-1/2 years low as Vietnam exports rise

Robusta coffee futures slumped to a 5-1/2 year low on Monday as already ample supplies were boosted by strong exports from the world's second-biggest coffee producer Vietnam. London cocoa and white sugar futures both ended little changed in thin condition
Published 19 Jan, 2016 12:00am
Gold up in Asia

Gold up in Asia

Gold opened the trading week higher on Monday, buoyed by safe-haven bids after Asian equities tumbled to their lowest since 2011 as investors shunned risky assets on the heels of weak US economic data. US retail sales fell in December along with industria
Published 19 Jan, 2016 12:00am
Gold steadies in European trade

Gold steadies in European trade

Gold steadied in holiday-thinned trade on Monday, underpinned by a slide in crude oil prices to 12-year lows and persistent weakness in world stock markets, which prompted investors to seek assets considered a safe store of value. Gains were limited, howe
Published 19 Jan, 2016 12:00am
Delayed French wheat cargo leaves for Egypt

Delayed French wheat cargo leaves for Egypt

One of three ships due to deliver French wheat to Egypt left on Sunday night following weeks of delays, a sign that exports are resuming to the world's largest importer of the grain, shipping data showed on Monday. A second cargo was due to start loading
Published 19 Jan, 2016 12:00am
Solar investors join list of those smarting from $30/bbl oil

Solar investors join list of those smarting from $30/bbl oil

Add solar energy investors to the list of those smarting from crude oil's latest price dive. Shares of solar power companies enjoyed a huge bounce at the end of 2015 thanks to the lengthy five-year extension of a key solar tax credit in the United States
Published 19 Jan, 2016 12:00am
MoF's response to editorial

MoF's response to editorial

This is with reference to an editorial carried by Business Recorder on 11th January 2016. The editorial focused on the auction calendar for the third quarter, 2016 but confused the old maturing amount to be refinanced with fresh/ incremental borrow
Published 19 Jan, 2016 12:00am
End of Europe? Berlin, Brussels' shock tactic on migrants
Currency

End of Europe? Berlin, Brussels' shock tactic on migrants

Is this how "Europe" ends? The Germans, founders and funders of the post-war union, shut their borders to refugees in a bid for political survival by the chancellor who let in a million migrants. And then - why not? - they decide to revive the Deutschmark
Published 19 Jan, 2016 12:00am
Reinvigorating domestic demand
Currency

Reinvigorating domestic demand

Economic and financial stability in Asia is critical as we embark on the new 2030 Agenda for Sustainable Development - a universal and ambitious blueprint that expands the horizons of policymaking to implement the 17 new Sustainable Development Goals, red
Published 19 Jan, 2016 12:00am
What the future has in store?

What the future has in store?

Each quarterly review of Pakistan's performance under IMF's Extended Finance Facility (EFF) points to public debt exceeding its target and tax collection remaining below its target. The ninth review again pointed to these failures - a trend manifesting th
Published 19 Jan, 2016 12:00am
Magnificent mediatory mission

Magnificent mediatory mission

Pakistan has come up with an appropriate policy response to the escalating Saudi-Iran tensions. Dispelling public apprehensions that the country might succumb to pressure from Saudi friends to take sides - which could have dangerous consequences for the s
Published 19 Jan, 2016 12:00am
How does BR look at AIIB?

How does BR look at AIIB?

Chinese President Xi Jinping, while formally launching the Asian Infrastructure Development Bank (AIIB), stated that "Asia's financing needs for basic infrastructure are absolutely enormous". The Chinese leadership has always insisted that given the deart
Published 19 Jan, 2016 12:00am
Government defers approval for VTCS till tomorrow

Government defers approval for VTCS till tomorrow

The government Monday deferred approval of the Voluntary Tax Amnesty Scheme (VTCS) proposed through Income Tax Amendment Bill 2016 in the National Assembly till Wednesday for further consultation with members of the opposition parties including Pakistan P
Published 19 Jan, 2016 12:00am
Government defers approval for VTCS till tomorrow

Government defers approval for VTCS till tomorrow

The government Monday deferred approval of the Voluntary Tax Amnesty Scheme (VTCS) proposed through Income Tax Amendment Bill 2016 in the National Assembly till Wednesday for further consultation with members of the opposition parties including Pakistan P
Published 19 Jan, 2016 12:00am
Government defers approval for VTCS till tomorrow

Government defers approval for VTCS till tomorrow

The government Monday deferred approval of the Voluntary Tax Amnesty Scheme (VTCS) proposed through Income Tax Amendment Bill 2016 in the National Assembly till Wednesday for further consultation with members of the opposition parties including Pakistan P
Published 19 Jan, 2016 12:00am
Dar meets China Development Bank President

Dar meets China Development Bank President

Federal Minister of Finance Senator Ishaq Dar met with President of China Development Bank (CDB) Zheng Zhijie in Beijing Monday. During the meeting the Minister acknowledged CDB''''s support on projects in Pakistan. He said that mega projects in Pakistan
Published 19 Jan, 2016 12:00am
Dar meets China Development Bank President

Dar meets China Development Bank President

Federal Minister of Finance Senator Ishaq Dar met with President of China Development Bank (CDB) Zheng Zhijie in Beijing Monday. During the meeting the Minister acknowledged CDB''s support on projects in Pakistan. He said that mega projects in Pakistan of
Published 19 Jan, 2016 12:00am
Dar meets China Development Bank President

Dar meets China Development Bank President

Federal Minister of Finance Senator Ishaq Dar met with President of China Development Bank (CDB) Zheng Zhijie in Beijing Monday. During the meeting the Minister acknowledged CDB's support on projects in Pakistan. He said that mega projects in Pakistan of
Published 19 Jan, 2016 12:00am
The Weather

The Weather

The weather report on Monday (January 18, 2016) and the forecast for Tuesday (January 19, 2016).

Published 19 Jan, 2016 12:00am
Dar meets China Development Bank President

Dar meets China Development Bank President

Federal Minister of Finance Senator Ishaq Dar met with President of China Development Bank (CDB) Zheng Zhijie in Beijing Monday. During the meeting the Minister acknowledged CDB's support on projects in Pakistan. He said that mega projects in Pakistan of
Published 19 Jan, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (January 18, 2016).

Published 19 Jan, 2016 12:00am
Richest one percent own more than the rest of us combined: Oxfam

Richest one percent own more than the rest of us combined: Oxfam

The richest one percent of the world''''s population now own more than the rest of us combined, aid group Oxfam said Monday, on the eve of the World Economic Forum (WEF) in Davos. "Runaway inequality has created a world where 62 people own as much wealth
Published 19 Jan, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (January 18, 2016).

Published 19 Jan, 2016 12:00am
Richest one percent own more than the rest of us combined: Oxfam

Richest one percent own more than the rest of us combined: Oxfam

The richest one percent of the world''s population now own more than the rest of us combined, aid group Oxfam said Monday, on the eve of the World Economic Forum (WEF) in Davos. "Runaway inequality has created a world where 62 people own as much wealth as
Published 19 Jan, 2016 12:00am
Richest one percent own more than the rest of us combined: Oxfam

Richest one percent own more than the rest of us combined: Oxfam

The richest one percent of the world's population now own more than the rest of us combined, aid group Oxfam said Monday, on the eve of the World Economic Forum (WEF) in Davos. "Runaway inequality has created a world where 62 people own as much wealth as
Published 19 Jan, 2016 12:00am
Richest one percent own more than the rest of us combined: Oxfam

Richest one percent own more than the rest of us combined: Oxfam

The richest one percent of the world's population now own more than the rest of us combined, aid group Oxfam said Monday, on the eve of the World Economic Forum (WEF) in Davos. "Runaway inequality has created a world where 62 people own as much wealth as
Published 19 Jan, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (January 18, 2016).

Published 19 Jan, 2016 12:00am
Macedonia votes to dissolve parliament for April vote

Macedonia votes to dissolve parliament for April vote

Macedonian lawmakers voted Monday to dissolve parliament next month ahead of an early election in late April, in line with an EU-backed deal to end a political crisis but without the agreement of the main opposition. The parliament of the Balkan country v
Published 19 Jan, 2016 12:00am
Macedonia votes to dissolve parliament for April vote

Macedonia votes to dissolve parliament for April vote

Macedonian lawmakers voted Monday to dissolve parliament next month ahead of an early election in late April, in line with an EU-backed deal to end a political crisis but without the agreement of the main opposition. The parliament of the Balkan country v
Published 19 Jan, 2016 12:00am
LNG supply: ECC may approve financing of pipeline plan today

LNG supply: ECC may approve financing of pipeline plan today

A meeting of the Economic Co-ordination Committee (ECC) of the Cabinet is likely to approve financing of pipeline infrastructure development plan of the upcoming LNG supply today (Tuesday), it was learnt, Sources said that Finance Minister Ishaq Dar has d
Published 19 Jan, 2016 12:00am
LNG supply: ECC may approve financing of pipeline plan today

LNG supply: ECC may approve financing of pipeline plan today

A meeting of the Economic Co-ordination Committee (ECC) of the Cabinet is likely to approve financing of pipeline infrastructure development plan of the upcoming LNG supply today (Tuesday), it was learnt, Sources said that Finance Minister Ishaq Dar has d
Published 19 Jan, 2016 12:00am
LNG supply: ECC may approve financing of pipeline plan today

LNG supply: ECC may approve financing of pipeline plan today

A meeting of the Economic Co-ordination Committee (ECC) of the Cabinet is likely to approve financing of pipeline infrastructure development plan of the upcoming LNG supply today (Tuesday), it was learnt, Sources said that Finance Minister Ishaq Dar has d
Published 19 Jan, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (January 18, 2016)

Published 19 Jan, 2016 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 (January 18, 2016).

Published 19 Jan, 2016 12:00am
Grain market rates
Cotton

Grain market rates

Karachi grain market rates in rupees on Monday (January 18, 2016).

Published 19 Jan, 2016 12:00am
Rouhani reschedules Euro trip cancelled by Paris attacks

Rouhani reschedules Euro trip cancelled by Paris attacks

Iran's President Hassan Rouhani will travel to Italy and France next week after his visit scheduled in November was cancelled following the deadly Paris attacks, state television reported. Rouhani's visit to Italy and then France, his first European tour
Published 19 Jan, 2016 12:00am
Rouhani reschedules Euro trip cancelled by Paris attacks

Rouhani reschedules Euro trip cancelled by Paris attacks

Iran's President Hassan Rouhani will travel to Italy and France next week after his visit scheduled in November was cancelled following the deadly Paris attacks, state television reported. Rouhani's visit to Italy and then France, his first European tour
Published 19 Jan, 2016 12:00am
Roadside bomb kills six soldiers in Balochistan

Roadside bomb kills six soldiers in Balochistan

At least six paramilitary soldiers were killed Monday when their vehicle hit a roadside bomb in Balochistan, officials said. A separatist militant group said it planted the bomb in the Marget area, around 30 kilometres (19 miles) east of the provincial ca
Published 19 Jan, 2016 12:00am
Roadside bomb kills six soldiers in Balochistan

Roadside bomb kills six soldiers in Balochistan

At least six paramilitary soldiers were killed Monday when their vehicle hit a roadside bomb in Balochistan, officials said. A separatist militant group said it planted the bomb in the Marget area, around 30 kilometres (19 miles) east of the provincial ca
Published 19 Jan, 2016 12:00am
Karachi receives first spell of winter rains

Karachi receives first spell of winter rains

The city on Monday evening received first spell of winter rain as weather is expected to remain partly cloudy in the next 24 hours, the Met office said. Drop in temperature is however not widely expected with the light rain that showered parts of metropol
Published 19 Jan, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (January 18, 2016).

Published 19 Jan, 2016 12:00am
Karachi receives first spell of winter rains

Karachi receives first spell of winter rains

The city on Monday evening received first spell of winter rain as weather is expected to remain partly cloudy in the next 24 hours, the Met office said. Drop in temperature is however not widely expected with the light rain that showered parts of metropol
Published 19 Jan, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (January 18, 2016).

Published 19 Jan, 2016 12:00am
All Taliban groups urged to enter into talks

All Taliban groups urged to enter into talks

Afghanistan, Pakistan, China and the United States sat down to talks on Monday aimed at laying the ground for a negotiated end to almost 15 years of war between US-supported government forces and Taliban insurgents now firmly on the offensive. Taliban for
Published 19 Jan, 2016 12:00am
All Taliban groups urged to enter into talks

All Taliban groups urged to enter into talks

Afghanistan, Pakistan, China and the United States sat down to talks on Monday aimed at laying the ground for a negotiated end to almost 15 years of war between US-supported government forces and Taliban insurgents now firmly on the offensive. Taliban for
Published 19 Jan, 2016 12:00am
Pakistan makes a pitch for peace in riotous region

Pakistan makes a pitch for peace in riotous region

Prime Minister Nawaz Sharif held talks with Saudi King Salman on Monday as part of efforts to ease regional tensions between the Sunni kingdom and Shia Iran. Sharif is to head on Tuesday to Riyadh's rival Iran where he is expected to meet President Hassan
Published 19 Jan, 2016 12:00am
THE RUPEE: no visible change
Currency

THE RUPEE: no visible change

No visible change was seen on the money market on Monday as the rupee was almost unchanged versus the dollar in the process of trading, dealers said. The rupee shed two-paisa in terms of the dollar for buying and selling at Rs 104.94 and Rs 104.95 respect
Published 19 Jan, 2016 12:00am
Pakistan makes a pitch for peace in riotous region

Pakistan makes a pitch for peace in riotous region

Prime Minister Nawaz Sharif held talks with Saudi King Salman on Monday as part of efforts to ease regional tensions between the Sunni kingdom and Shia Iran. Sharif is to head on Tuesday to Riyadh's rival Iran where he is expected to meet President Hassan
Published 19 Jan, 2016 12:00am
THE RUPEE: no visible change
Currency

THE RUPEE: no visible change

No visible change was seen on the money market on Monday as the rupee was almost unchanged versus the dollar in the process of trading, dealers said. The rupee shed two-paisa in terms of the dollar for buying and selling at Rs 104.94 and Rs 104.95 respect
Published 19 Jan, 2016 12:00am
BRIndex30 falls 110.31 points

BRIndex30 falls 110.31 points

On Monday, BRIndex30 opened at 18,831.57 points and remained negative throughout the trading session. It touched an intraday high of 18,831.57 points and an intraday low of 17,864.56 points and closed at 18,721.26 points which was -110.31 points or -0.59
Published 19 Jan, 2016 12:00am
BRIndex30 falls 110.31 points

BRIndex30 falls 110.31 points

On Monday, BRIndex30 opened at 18,831.57 points and remained negative throughout the trading session. It touched an intraday high of 18,831.57 points and an intraday low of 17,864.56 points and closed at 18,721.26 points which was -110.31 points or -0.59
Published 19 Jan, 2016 12:00am
Stocks skid to nine-month low
Exchange

Stocks skid to nine-month low

Bloodbath continued Monday at the volatile Pakistan Stock Exchange (PSX) where the KSE-100 index tumbled to nine-month low to 30,628 points. The benchmark index lost almost 1,200 points during the first half of the week''s first session due to what analys
Published 19 Jan, 2016 12:00am
Stocks skid to nine-month low
Exchange

Stocks skid to nine-month low

Bloodbath continued Monday at the volatile Pakistan Stock Exchange (PSX) where the KSE-100 index tumbled to nine-month low to 30,628 points. The benchmark index lost almost 1,200 points during the first half of the week's first session due to what analyst
Published 19 Jan, 2016 12:00am
Stocks skid to nine-month low
Exchange

Stocks skid to nine-month low

Bloodbath continued Monday at the volatile Pakistan Stock Exchange (PSX) where the KSE-100 index tumbled to nine-month low to 30,628 points. The benchmark index lost almost 1,200 points during the first half of the week's first session due to what analyst
Published 19 Jan, 2016 12:00am
No provincial budget surpluses in sight

No provincial budget surpluses in sight

Provincial governments are unlikely to meet the commitment made by Finance Minister Ishaq Dar to the International Monetary Fund (IMF) that they will generate a provincial surplus to help federal government achieve the budget surplus. Sadeq Chandio from b
Published 19 Jan, 2016 12:00am
No provincial budget surpluses in sight

No provincial budget surpluses in sight

Provincial governments are unlikely to meet the commitment made by Finance Minister Ishaq Dar to the International Monetary Fund (IMF) that they will generate a provincial surplus to help federal government achieve the budget surplus. Sadeq Chandio from b
Published 19 Jan, 2016 12:00am
No provincial budget surpluses in sight

No provincial budget surpluses in sight

Provincial governments are unlikely to meet the commitment made by Finance Minister Ishaq Dar to the International Monetary Fund (IMF) that they will generate a provincial surplus to help federal government achieve the budget surplus. Sadeq Chandio from b
Published 19 Jan, 2016 12:00am
Banks drag on Europe; oil falls after Iran sanctions lifted
Currency

Banks drag on Europe; oil falls after Iran sanctions lifted

European shares fell on Monday, following Asia lower and led by banks after the European Central Bank said it would quiz eurozone lenders about high levels of bad loans, while oil prices tumbled on the prospect of more supply from Iran. With US markets cl
Published 19 Jan, 2016 12:00am
Presentation at P.S.X. Auditorium

Presentation at P.S.X. Auditorium

Presentation at P.S.X. Auditorium (only for TRE certificate holders and their authorised employees).

Published 19 Jan, 2016 12:00am
Banks drag on Europe; oil falls after Iran sanctions lifted
Currency

Banks drag on Europe; oil falls after Iran sanctions lifted

European shares fell on Monday, following Asia lower and led by banks after the European Central Bank said it would quiz eurozone lenders about high levels of bad loans, while oil prices tumbled on the prospect of more supply from Iran. With US markets cl
Published 19 Jan, 2016 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Jan, 2016 12:00am
Banks drag on Europe; oil falls after Iran sanctions lifted
Currency

Banks drag on Europe; oil falls after Iran sanctions lifted

European shares fell on Monday, following Asia lower and led by banks after the European Central Bank said it would quiz eurozone lenders about high levels of bad loans, while oil prices tumbled on the prospect of more supply from Iran. With US markets cl
Published 19 Jan, 2016 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Jan, 2016 12:00am
Musharraf, others acquitted in Bugti murder case

Musharraf, others acquitted in Bugti murder case

An Anti-Terrorism Court (ATC) on Monday acquitted former president General Pervez Musharraf (Retd), former interior minister Aftab Sherpao and former Balochistan home minister Mir Shoaib Nosherwani in the murder case of Nawab Akbar Khan Bugti. Announcing
Published 19 Jan, 2016 12:00am
Musharraf, others acquitted in Bugti murder case

Musharraf, others acquitted in Bugti murder case

An Anti-Terrorism Court (ATC) on Monday acquitted former president General Pervez Musharraf (Retd), former interior minister Aftab Sherpao and former Balochistan home minister Mir Shoaib Nosherwani in the murder case of Nawab Akbar Khan Bugti. Announcing
Published 19 Jan, 2016 12:00am
Growth target appears challenging
Exchange

Growth target appears challenging

The State Bank of Pakistan (SBP) said Monday that a marked improvement in security conditions, better energy management and persistently low global commodity prices, have positioned the economy to further improve on its performance going forward, however,
Published 19 Jan, 2016 12:00am
Growth target appears challenging
Exchange

Growth target appears challenging

The State Bank of Pakistan (SBP) said Monday that a marked improvement in security conditions, better energy management and persistently low global commodity prices, have positioned the economy to further improve on its performance going forward, however,
Published 19 Jan, 2016 12:00am
Growth target appears challenging
Exchange

Growth target appears challenging

The State Bank of Pakistan (SBP) said Monday that a marked improvement in security conditions, better energy management and persistently low global commodity prices, have positioned the economy to further improve on its performance going forward, however,
Published 19 Jan, 2016 12:00am