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Saturday 5, September 2015
 
 
 
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Market


Bullion prices on Saturday

By: Web Desk, Uploaded: 29th August 2015

Bullion prices on Saturday KARACHI: Following were the bullion prices in Karachi and Hyderabad on Saturday. KARACHI:  (per 10 gram) Gold Tezabi 24 CT        Rs.         39428 Silver Tezabi            Rs.         548.57 HYDERABAD: (per 10 gram) Gold 24k                 Rs.         39219.00 Gold 22k                 Rs.         35951.00 Silver                   Rs.           550.00 Note: Bullion rates from Lahore and Multan not received today....


Dollar floats at 104.30 rupees in open market

By: Web Desk, Uploaded: 24th August 2015

Dollar floats at 104.30 rupees in open market Karachi: On the first business day in an open market, rupee depreciated against dollar by one. Initially it was recorded at 103.50 whereas it is floating at 104.30 in the open market, Aaj Tv News reported. Karachi Stock Exchange is declining on the first day of the business working. The index declines 1400 points at...


All buyers of dollars to produce nic: SBP

By: Web Desk, Uploaded: 21st August 2015

All buyers of dollars to produce nic: SBP WEB DESK: State Bank of Pakistan has taken notice of the growing rate of dollar prices, Aaj News reported. The SBP has ordered that customers who buy even $100 should show their identity cards. It has also asked exchange companies to install biometric machines for their identification. The dollar rates have increased due to the...


Bullion prices on Sunday

By: Web Desk, Uploaded: 16th August 2015

Bullion prices on Sunday KARACHI: Following were the bullion prices in Hyderabad on Sunday. HYDERABAD: (per 10 gram) Gold 24k                 Rs.        38490.00 Gold 22k                 Rs.        35280.00 Silver                   Rs.          546.50 Note: Karachi, Lahore and Multan bullion markets closed today....


Traders’ announce strike on Aug 5

By: Web Desk, Uploaded: 4th August 2015

Traders’ announce strike on Aug 5 KARACHI: The trader’s association has announced a strike tomorrow to protest the 0.3 percent withholding tax that the government has imposed on all banking transaction of over Rs50,000, Aaj News reported. Businessmen will not go to work, and shopkeepers will keep their shops closed. The protest will cause a loss of a hundred billion rupees....


Open skies, pricey airport

By: Web Desk, Uploaded: 3rd August 2015

Open skies, pricey airport WEB DESK: It appears there are so many international air carriers touching down at Pakistani airports that the Civil Aviation Authority (CAA) has had to take steps to discourage congestion. At least, that’s the explanation by the CAA for the announcement that air navigation charges have been raised by 25 percent, effective August 1, 2015....


Spot rates of cotton (Crop 2015-2016)

By: Web Desk, Uploaded: 1st August 2015

Spot rates of cotton (Crop 2015-2016) KARACHI: The Karachi Cotton Association (KCA) on Saturday announced the following KCA Spot rates for local dealing in Pak rupees for base grade 3 (three) staple length 1-1/16″ Micronaire value between 3.8 and 4.9 NCL. Rate                Ex-Gin         Up-country          Spot Rates for                 Price          Expenses            Ex-Karachi 37.324 kgs          4,650          135                 4,785 Equivalent 40 kgs              4,983          143                 5,128...


Trader associations launch strikes in groups

By: Farah Jamil, Uploaded: 1st August 2015

Trader associations launch strikes in groups LAHORE: Traders’ associations in Lahore launched a shutter down strike in the city protesting the 0.3 percent with holding tax on bank transactions, Aaj News reported. On an appeal by traders’ associations, businessmen affiliated to the Arshad Bhatti group kept their businesses closed on Saturday. Meanwhile business affiliated to the Khalid Parvez group distanced themselves...


Bullion Rate

By: Web Desk, Uploaded: 1st August 2015

Bullion Rate WEB DESK: Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday July 31, 2015. Gold Tezabi 24 CT 37757.00 Silver Tezabi...


There is no reason for strikes: Dar tells FPCCI team

By: Web Desk, Uploaded: 1st August 2015

There is no reason for strikes: Dar tells FPCCI team ISLAMABAD: The President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Mian Idrees accompanied by former President, FPCCI, Zubair Tufail called on the Federal Minister for Finance Senator Mohammad Ishaq Dar on Friday. They discussed the issue of withholding tax on banking transactions with the Minister in detail. They informed the Minister...


Shutter-down strike by traders community against with-holding tax

By: Web Desk, Uploaded: 31st July 2015

Shutter-down strike by traders community against with-holding tax WEB DESK: All Pakistan Traders’ Association announced a shutter down strike tomorrow to protest the 0.3 with-holding taxes on bank transactions. Lahore, Karachi, Interior Sindh, Punjab, Khyber Pakhtunkhwa, Balochistan, Azad Kashmir will observe a strike against taxation policy. This policy was recently announced in the parliament and it was criticized by the business community. PTI...


Inspectest(Pvt.) Ltd acquires LEEA certification

By: Web Desk, Uploaded: 30th July 2015

Inspectest(Pvt.) Ltd acquires LEEA certification LAHORE: An integrated inspection, testing and certification solutions provider, Inspectest (Pvt.) Ltd has become the first ever company in Pakistan to be directly audited by the Lifting Equipment Engineers Association (LEEA) in July 2012, while also enjoying full member status attained in March 2014. Inspectest (Pvt.) Ltd is the first company in Pakistan to invite...


Treasury bills: Slow proceedings

By: Web Desk, Uploaded: 10th July 2015

Treasury bills: Slow proceedings Editorial With interest rates down, the treasury market is not a place these days it used to be last year. Banks participation in the previous few treasury bills and PIB auctions has been rather dull, albeit expectedly. Not that the borrower would be too disturbed at missing the target for the fiscal year FY16 first...


SMEs struggle with access to finance

By: Web Desk, Uploaded: 10th July 2015

SMEs struggle with access to finance Editorial Time and again reports on small and medium enterprises (SMEs) bring home the point that SMEs are the backbone of the economy. The central banks latest report on SME financing is no different. It starts off by saying that SMEs significantly contribute to GDP growth, exports and employment generation. Yet the share of SMEs...


Facebook to Share Ad Revenue With Video Creators

By: Web Desk, Uploaded: 2nd July 2015

Facebook to Share Ad Revenue With Video Creators WEB DESK:Facebook said it would begin sharing ad revenue with video creators, a move designed to attract more polished content and more ads, the Wall Street Journal reported. If successful, the effort will make Facebook a more serious threat to Google Inc.’s and Youtube in online videos. Facebook users watch videos four billion times a...


Relations with India in deep freeze: Dastgir

By: Web Desk, Uploaded: 2nd July 2015

Relations with India in deep freeze: Dastgir by Mushtaq Ghumman ISLAMABAD:Commerce Minister Engineer Khurram Dastgir has said that relations with India are practically in deep freeze and situation is worsening with every passing month instead of improving due to Indian leadership’s attitude. Commerce Minister’s comments came a few days after the Indian Prime Minister Narendra Modi phoned his Pakistani counterpart Prime Minister...


Bank Holiday

By: Web Desk, Uploaded: 30th June 2015

Bank Holiday KARACHI:The State Bank of Pakistan will remain closed for public dealing on July 01, 2015 (Wednesday) declared as bank holiday. All banks/DFIs/MFBs shall, therefore, remain closed for public dealing on the above date. However, all employees of the banks/DFIs/MFBs will attend the office as...


Hong Kong stocks end up 1.20%

By: Web Desk, Uploaded: 22nd June 2015

Hong Kong stocks end up 1.20% HONG KONG: Hong Kong stocks rose 1.20 percent Monday as news that Greece had proposed new reforms fanned hopes it can end a five-month standoff with creditors and unlock bailout cash to avert a default. The benchmark Hang Seng Index added 320.32 points to close at 27,080.85 on turnover of HK$90.57 billion (US$11.69 billion). Mainland...


Clicking tourism in Pakistan

By: Web Desk, Uploaded: 12th June 2015

Clicking tourism in Pakistan An interview with Paul Midy- CEO of Jovago.com By Asim Mallick KARACHI: Paul Midy is the Global CEO of Jovago.com- a website which lists hotels and guesthouses from all over Pakistan- linking tourists and the hotel industry. Midy completed his undergraduate studies from Ecole Poly-technique, France after which he went to Columbia University to pursue...


Tomato price soars

By: Web Desk, Uploaded: 29th May 2015

Tomato price soars KARACHI: The simple joy of adding tomatoes in curry is a thing of the past. Prices for tomatoes have soared to Rs100 per kilo, Aaj News reported. Previously a kilo cost about Rs35. Every year in the summers prices for tomatoes soar. Shopkeepers blamed the wholesalers for this surge in rates. “This is happening before...


Next, SHB help European shares edge up after results

By: Web Desk, Uploaded: 29th April 2015

Next, SHB help European shares edge up after results LONDON: European shares edged up early on Wednesday, helped by better-than-expected results from UK clothing retailer Next, Swedish bank Handelsbanken and Dutch nutritional supplements DSM, among others. The three stocks, up between 1.6 percent and 3 percent, were among the top gainers on the pan-European FTS Euro first 300 index, which was up 0.3 percent...


Oil prices down in Asian trade

By: Web Desk, Uploaded: 28th April 2015

Oil prices down in Asian trade SINGAPORE: Oil prices fell in Asia Tuesday after a senior Saudi official signaled that the world’s top crude exporter has no intention of cutting production despite a global supply glut, analysts said. US benchmark West Texas Intermediate fell 76 cents to $56.23 while Brent eased 66 cents to $64.17 in mid-morning trade. “Saudi Arabia is...


Tokyo stocks close 0.38% higher

By: Web Desk, Uploaded: 28th April 2015

Tokyo stocks close 0.38% higher TOKYO: Tokyo stocks ended 0.38 percent higher Tuesday, led by a surge in factory robotics giant Fanuc, while investors await earnings by major Japanese firms and a US Federal Reserve policy meeting. The Nikkei 225 index at the Tokyo Stock Exchange added 75.63 points to 20,058.95 at the close, while the Topix index of all...


Europeans keen to invest in Karachi’s infrastructure: Stefano

By: Web Desk, Uploaded: 22nd April 2015

Europeans keen to invest in Karachi’s infrastructure: Stefano KARACHI: European countries are keen to make more investment in Karachi in the fields of energy, infrastructure, agriculture and fisheries, as it is an ideal place for business. This was stated by Stefano Gato, who as the head of a European Union’s (EU) delegation called on Sindh Governor Dr. Ishratul Ebad at Governor House, here...


Bank of Canada maintains key lending rate at 0.75%

By: Web Desk, Uploaded: 15th April 2015

Bank of Canada maintains key lending rate at 0.75% OTTAWA: Canada’s central bank maintained its key lending rate at 0.75 percent Wednesday, saying the plunge in oil prices appears to have “stalled” the Canadian economy. Growth is expected to rebound mid-year and subsequently strengthen to 1.9 percent for 2015 — revised downward from 2.1 percent a few months ago — as exports pick up,...


Kuwait’s oil facilities remain on alert due to Yemen:KUNA

By: Web Desk, Uploaded: 15th April 2015

Kuwait’s oil facilities remain on alert due to Yemen:KUNA ABU DHABI: State-run Kuwait Petroleum Corp (KPC) and all affiliated firms remain on alert, state news agency KUNA said on Wednesday, three weeks after Saudi Arabia and Arab allies began military strikes against Houthi militias in Yemen. The agency quoted Sheikh Talal al-Khaled al-Sabah, the spokesperson for the country’s oil sector and chief executive of...


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