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  • Dollar unchanged in value versus rupee

    October 6, 2017 2:29 AM 7

    KARACHI: US Dollar closed flat in value versus domestic unit in interbank, but shed value in open market. Dollar changed hands versus rupee at 105.35 for buying and at Rs 105.55 for selling, with no variation in value, in interbank. Pound Sterling shed value versus rupee by 26 paisas and closed at Rs 139.50 for buying and at Rs 139.70 for selling. Euro also experienced

  • Wall Street moves to Frankfurt as Brexit doubts grow

    October 6, 2017 12:00 AM 11

    LONDON/FRANKFURT: Some of the globe´s biggest banks have decided to rent more office space in Frankfurt, bolstering Germany´s financial hub after months of divorce talks between Britain and the EU have left London´s future more uncertain than ever. Goldman Sachs has agreed to lease 10,000 square metres of office space at the new Marienturm building in Frankfurt

  • KLCI gets off to muted start, stays above support level of 1,750

    October 4, 2017 1:24 AM 5

    KUALA LUMPUR (Oct 4): The FBM KLCI got off to a muted start this morning but stayed above its support level of 1,750-points. Among the early decliners were Malaysia Airports Holdings Bhd, British American Tobacco (M) Bhd, Star Media Group Bhd, Denko Industrial Corp Bhd, MPHB Capital Bhd, Lii Hen Industries Bhd and Berjaya Auto Bhd. JF Apex Securities

  • NBP, PSC-KPK ink agreement

    October 4, 2017 12:00 AM 8

    PESHAWAR: National Bank of Pakistan has signed an agreement with Public Service Commission of Khyber Pakhtunkhwa (PSC-KPK) to digitise the payment of examination fee, a handout said on Tuesday. “Technology has opened new horizons in all fields. Banking services are now expected to be available anytime, anywhere,” Saeed Ahmad, president NBP, said addressing

  • SCB to deploy consolidated network

    October 4, 2017 12:00 AM 7

    KARACHI: Standard Chartered Bank (Pakistan) Ltd has signed an agreement with Pronet (Pvt) Ltd to deploy cutting-edge communications solutions from Avaya, a statement said on Tuesday. The bank will implement Avaya’s IP telephony solutions nationwide, helping it to boost efficiency deliver superior customer experience and increase profitability. Standard

  • SECP introduces Shariah advisers rules

    October 4, 2017 12:00 AM 7

    ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Tuesday introduced draft Shariah Advisers Regulations 2017, a statement said. The Shariah Advisers Regulation 2017, framed under the Companies Act 2017, are expected to professionalise Shariah advisory services, it said. Companies would only be able to engage the Shariah advisers

  • Palm set for first gain in a week, buoyed by weaker ringgit

    October 3, 2017 6:23 AM 1

    KUALA LUMPUR (Oct 3): Malaysian palm oil futures were on Tuesday set for their first daily gain in a week, supported by a weaker ringgit. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was up 0.4% at 2,677 ringgit (US$631.59) a tonne at the midday break, on course for the first gain after four losing

  • Govt urged to bring down fuel prices

    October 3, 2017 12:00 AM 4

    LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to bring down fuel prices for the sake of trade, industry and agriculture sector that were already working in challenging circumstances, a statement said on Monday. LCCI president Malik Tahir Javed, senior vice president Khawaja Khawar Rasheed and vice president Zeeshan

  • AMF Enterprises, Chalo Co sign deal

    October 3, 2017 12:00 AM 6

    KARACHI: Young and budding import organisation of Pakistan, AMF Enterprises (Pvt) Ltd and the Belgium-based Chalo Chai Company entered into a memorandum of understanding (MoU) recently, a statement said on Monday. The MoU was signed for the exclusive supply of Chalo Chai Latte by Asim Mushfiq Farooqi, founder and CEO of AMF Enterprises (Pvt) Ltd, and Gita Van den Boer, co-founder

  • Tomato prices push inflation up by 4 percent in September

    October 2, 2017 5:41 PM 1

    KARACHI: A sharp increase in tomato prices pushed the consumer price index (CPI) inflation up by 4 percent on year-on-year basis in September 2017 as compared to an increase of 3.4 percent in the previous month and 3.9 percent in September 2016. On month-on-month basis, it increased by 0.8 percent in September 2017 as compared to an increase of 0.2 percent