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Friday 4, September 2015
 
 
 
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Commodities


Water management

By: Web Desk, Uploaded: 3rd September 2015

Water management -Editorial The Federal Minister for Water and Power Khawaja Asif in a meeting with a delegation from the Commonwealth Scientific and Industrial and Research Organisation revealed that the government was in the process of preparing a water management policy – the first in the history of the country. Pakistan was warned well over a decade...


THE RUPEE: rates firm

By: Farah Jamil, Uploaded: 3rd September 2015

THE RUPEE: rates firm The rupee extended its overnight firmness against the dollar on the local currency market on Wednesday in the process of trading, dealers said. The rupee maintained its last levels in relation to the dollar for buying and selling at Rs 104.20 and Rs 104.22 respectively, they said. INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee...


THE RUPEE: rates slip

By: Web Desk, Uploaded: 2nd September 2015

THE RUPEE: rates slip The rupee sustained its overnight firmness against the dollar on the local currency market on Tuesday, dealers said. The rupee slipped by two-paisa in relation to the dollar for buying Rs 104.20 and it did not move any side for selling at Rs 104.22, they said. INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee almost...


THE RUPEE: rates slips

By: Web Desk, Uploaded: 1st September 2015

THE RUPEE: rates slips The rupee could not sustain its week-end levels against the dollar and the euro on the local currency market on Monday, dealers said. The rupee lost 18-paisa in relation to the dollar for buying and selling at Rs 104.18 and Rs 104.22 respectively, they said. INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee almost retained...


Abbasi announces Rs 3 reduction in POL products’ prices

By: Web Desk, Uploaded: 31st August 2015

Abbasi announces Rs 3 reduction in POL products’ prices ISLAMABAD:Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi Monday announced Rs 3 reduction in the prices of all petroleum products with effect from September 1. Addressing a news conference along with Minister for Information, Broadcasting and National Heritage Senator Pervaiz Rashid, he said the government had reduced the prices of POL products as per...


THE RUPEE: mixed patterns

By: Web Desk, Uploaded: 31st August 2015

THE RUPEE: mixed patterns The rupee moved both ways against the dollar on the money market during the week, ended on August 29, 2015. In the interbank market, the rupee slipped by 10 in terms of the dollar for buying and selling at Rs 104.00 and Rs 104.02. In the open market, the rupee, however, gained the same amount...


THE RUPEE: firm trend

By: Web Desk, Uploaded: 29th August 2015

THE RUPEE: firm trend Steadier trend was seen on the money market on Friday as the rupee managed to hold its present level in the process of trading, dealers said. The rupee almost sustained its overnight levels against the dollar for buying and selling at Rs 104.00 and Rs 104.02 respectively, they said. INTERBANK MARKET RATES: OPEN MARKET RATES:...


KE holds the key to Karachi’s solution

By: Web Desk, Uploaded: 28th August 2015

KE holds the key to Karachi’s solution -Editorial We are happy that Karachi Electric (KE) – the sole supplier of electricity to Karachi city of teeming millions has finally agreed to renegotiate the Power Purchase Agreement (PPA) with the Central Power Purchasing Agency (CPPA) for purchase of electricity from the national grid and a Gas Supply Agreement (GSA) with Sui Southern Gas...


THE RUPEE: minor changes

By: Web Desk, Uploaded: 28th August 2015

THE RUPEE: minor changes The rupee managed to recover modestly against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee extended overnight gains, picking up 15-paisa against the dollar for buying and selling at Rs 104.00 and Rs 104.05 respectively, they said. INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee moved...


THE RUPEE: modest recovery

By: Web Desk, Uploaded: 27th August 2015

THE RUPEE: modest recovery The rupee started recovering against the dollar on the money market on Wednesday in the process of trading, dealers said. Under the directive of State Bank of Pakistan (SBP), the rupee managed to halt decline in relation to the dollar. On Tuesday, the central bank asked the banks to ward off forward buying of dollar,...


THE RUPEE: dollar’s surge on

By: Web Desk, Uploaded: 26th August 2015

THE RUPEE: dollar’s surge on The rupee continued erosion in its value versus the dollar on the money market on Tuesday, dealers said. Commenting on the steep decline in the value of the rupee, some experts said that recent devaluation of the rupee is the reflection of slide in the regional currencies. It was observed that to boost exports of...


Bullion Rates

By: Web Desk, Uploaded: 25th August 2015

Bullion Rates Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (August 24, 2015). ================================== In rupees per 10 gram    In Rupees ================================== KARACHI ———————————- Gold Tezabi 24 CT         40414.00 Silver Tezabi               565.71 ———————————- HYDERABAD ———————————- Gold 24                   40035.00 Gold 22                   36700.00 Silver                      570.00 ==================================...


THE RUPEE: PKR weakens

By: Web Desk, Uploaded: 25th August 2015

THE RUPEE: PKR weakens The rupee failed to maintain its firmness against the dollar on the local currency market on Monday, dealers said. The rupee lost Rs 1.80 in relation to the dollar for buying and selling at Rs 103.90 and Rs 103.95, they said. INTERBANK MARKET RATES: OPEN MARKET RATES: In sympathy with the interbank market track, the...


THE RUPEE: easier trend

By: Web Desk, Uploaded: 24th August 2015

THE RUPEE: easier trend The rupee depreciated versus the dollar on the local currency market during the week ended on August 22, 2015. In the interbank market, the rupee shed seven paisas against the dollar for buying and selling at Rs 102.02 and Rs 102.04. In the open market, the rupee drifted lower in terms of the dollar for...


PIA to transport 55,000 Hujjaj for Haj-2015

By: Web Desk, Uploaded: 23rd August 2015

PIA to transport 55,000 Hujjaj for Haj-2015 ISLAMABAD: Pakistan International Airlines (PIA), under its scheduled plan will ensure smooth and hassle free transportation of 55,000 Hujjaj to Saudi Arabia for Haj-2015. Every year the national carrier serves Hujjaj by operating special flights from all gateways to Jeddah and Medina. According to Aviation Division here on Sunday, of the total 55,000 Hujjaj being...


THE RUPEE: dollar at Rs 102 on interbank market

By: Web Desk, Uploaded: 22nd August 2015

THE RUPEE: dollar at Rs 102 on interbank market The rupee touched the low level at 102.00 mark against the dollar on the inter-bank market on Friday, dealers said. The rupee lost 10-paisa in relation to the dollar for buying and selling at Rs 102.02 and Rs 102.04 respectively, they said. INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee held the overnight levels in...


Gold prices increased by Rs1,150

By: Web Desk, Uploaded: 21st August 2015

Gold prices increased by Rs1,150 KARACHI: Due to price increase of gold in international market, Pakistani market also increased its prices by 1,150 rupees for 10 gram. This increase takes the prices to 46,500 rupees for 10 grams. According to Sindh Sarafa Association, this increase in gold prices is caused by fall in oil prices. This constitutes for gold price...


THE RUPEE: slight fall

By: Web Desk, Uploaded: 21st August 2015

THE RUPEE: slight fall The rupee failed to hold overnight firmness against the dollar on the local money market on Thursday in the process of trading, dealers said. INTER-BANK MARKET RATES: The rupee shed three-paisa in relation to the dollar for buying and selling at Rs 101.92 and Rs 101.94 respectively, they said. OPEN MARKET RATES: The rupee followed...


Federal encroachments on provincial taxes

By: Web Desk, Uploaded: 20th August 2015

Federal encroachments on provincial taxes -Editorial According to a Business Recorder report, the first meeting of the working group constituted by the ninth National Finance Commission (NFC) award discussed the draft report assigned to Sindh on devolved versus integrated tax structure – evaluation of the tax collection framework in Pakistan. It has been circulated to the federal and other provincial...


Bullion Rates

By: Web Desk, Uploaded: 20th August 2015

Bullion Rates Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (August 19, 2015). ================================== In rupees per 10 gram    In Rupees ================================== KARACHI ———————————- Gold Tezabi 24 CT         38957.00 Silver Tezabi               557.14 ———————————- MULTAN ———————————- Gold Tezabi-24 CT         38320.00 Gold 22 CT                35030.00 Silver Tezabi               540.00 Silver Thobi                493.00 ———————————-...


THE RUPEE: modest recovery

By: Web Desk, Uploaded: 20th August 2015

THE RUPEE: modest recovery The rupee recovered modest ground against the dollar on the local money market on Wednesday in the process of trading, dealers said. The rupee gained six-paisa in relation to the dollar for buying and selling at Rs 101.89 and Rs 101.90 respectively, they said. INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee did not show...


CSF beyond 2015

By: Web Desk, Uploaded: 19th August 2015

CSF beyond 2015 The United States Congress extended its limitation on reimbursement to Pakistan under the Coalition Support Fund (CSF) by amending the National Defense Authorization Act for Fiscal Year 2014 by striking “fiscal year 2014″ and inserting “fiscal year 2015″. However, a US Congressional research report has “asked the 114th US Congress to consider whether it should...


THE RUPEE: little changes

By: Web Desk, Uploaded: 19th August 2015

THE RUPEE: little changes The rupee managed to resist sharp losses against the dollar on the local money market on Tuesday in the process of trading, dealers said. The rupee depicted no change in relation to the dollar for buying and selling at Rs 101.95 and Rs 101.97 respectively, they said. INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee...


Let us not blur SBP’s vision

By: Web Desk, Uploaded: 18th August 2015

Let us not blur SBP’s vision -Editorial The State Bank of Pakistan has unveiled its strategic plan, which covers a five-year period to help focus on key strategic priorities which include enhancement and effectiveness of monetary policy; strengthening of financial system’s stability; improved efficiency, effectiveness and fairness of the banking system; increased financial inclusion; efforts towards creating a robust payment system...


THE RUPEE: rates tumble

By: Web Desk, Uploaded: 18th August 2015

THE RUPEE: rates tumble Bears dominated the money market on Monday as the rupee tumbled with modest losses versus the dollar in the process of trading, dealers said. The rupee lost 11-paisa in relation to the dollar for buying and selling at Rs 101.95 and Rs 101.97 respectively, they said. INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee followed...


THE RUPEE: cautious tone

By: Web Desk, Uploaded: 17th August 2015

THE RUPEE: cautious tone The rupee almost managed to sustain it’s levels versus the dollar on the local currency market during the shortened week due to Independence Day. In the interbank market, the rupee did not depict sharp change against the dollar for buying and selling at Rs 101.84 and Rs 101.85. In the open market, the shed 10...


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