News Archives for Print - 2015-11-05

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Print - 2015-11-05

New York cotton

The following were the fluctuations observed during the day:

Published 05 Nov, 2015 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 05 Nov, 2015 12:00am

Currency

Gulf's private-sector growth slows as price of oil falls

The private sector in the two biggest Gulf Arab economies grew at the slowest pace in years in October, corporate surveys showed on Tuesday, indicating low oil prices are starting to slow business activity across the region. The seasonally adjusted Emirat

Published 05 Nov, 2015 12:00am

Currency

Bhutan's happiness rises, but new challenges emerge

Bhutanese people are getting happier as living standards improve, but social isolation is increasing in the remote kingdom that famously prioritises Gross National Happiness over wealth, the prime minister said on Tuesday. Tshering Tobgay said that while

Published 05 Nov, 2015 12:00am

German new car sales up in October

New car registrations in Germany, a key measure of demand in one of the most important sectors of Europe's top economy, edged higher in October, data showed Tuesday, appearing to shrug off fears the Volkswagen pollution-cheating scandal could weigh on sal

Published 05 Nov, 2015 12:00am

Currency

Ukraine's inflation seen falling, GDP back into growth in 2016

Inflation in Ukraine will fall in 2016 to 12.3 percent, around quarter of the 20-year high it is expected to record in 2015, raising chances for a war-torn economy to return to modest growth, a Reuters survey showed on Wednesday. Analysts predicted Ukrain

Published 05 Nov, 2015 12:00am

Michelin to close three European production sites

French tyre maker Michelin said on Tuesday it was planning to close three production sites in Europe within three years, shedding 1,500 jobs. The Fossano factory in Italy and the Oranienburg factory in Germany would be shut by the end of 2016, and Ballyme

Published 05 Nov, 2015 12:00am

Record setting quarter for aerospace and defence M&A: report

The third quarter of 2015 saw a record $52 billion in merger and acquisition announced deals in the defence and aerospace industry, more than the whole of 2014, according to a report released by the US arm of audit firm Price Water house Coopers.

Published 05 Nov, 2015 12:00am

Chinese banks' bad loan ratio hits six-year high

China's commercial banks posted an average non-performing loan (NPL) ratio of 1.59 percent as of the end of September, the highest since the 2009 global financial crisis, an official at the country's banking regulator said late on Wednesday. The provision

Published 05 Nov, 2015 12:00am

Time Warner cuts 2016 profit forecast

Time Warner Inc cut its 2016 adjusted profit forecast, citing a strong dollar, sending its shares plunging more than 8 percent on Wednesday. The company said it now expected earnings of $5.25 per share, compared with its earlier forecast of "close to $6".

Published 05 Nov, 2015 12:00am

Time Warner cuts 2016 profit forecast

Published 05 Nov, 2015 12:00am

Currency

Draghi says failure to shield savers repeats mistakes of past

The eurozone should introduce a single scheme to protect savers across the euro zone, the president of the European Central Bank said on Wednesday, adding that failure to make such a reform undermined the currency union. While not the first time Mario Dra

Published 05 Nov, 2015 12:00am

US economic data seen supporting December interest rate hike

US private employers maintained a steady pace of hiring in October and a jump in new orders buoyed activity in the services sector, suggesting the economy was strong enough to support an interest rate hike from the Federal Reserve in December. The economi

Published 05 Nov, 2015 12:00am

UK, Kazakh firms sign $5 billion in deals, agreements

British and Kazakh companies signed deals and agreements worth $5 billion on Tuesday during Kazakh President Nursultan Nazarbayev's visit to London, his office said. The biggest agreement, announced separately by Britain's Independent Power Corporation (I

Published 05 Nov, 2015 12:00am

ECB sees bigger indirect impact from Chinese slowdown

The direct impact of China's economic slowdown on euro zone growth via trade will be modest, but the impact from indirect channels may be more significant, the European Central Bank said on Wednesday. China's economic growth dipped below 7 percent in the

Published 05 Nov, 2015 12:00am

Australia shoppers, exporters bode well for GDP growth

Australian retail sales posted a second month of solid growth in September, while spending for the whole third quarter made moderate gains amid subdued price pressures. Official data issued on Wednesday showed that while prices for Australia's key resourc

Published 05 Nov, 2015 12:00am

Canada's trade deficit narrows

Canada's trade deficit narrowed more than expected in September, helped by a modest pickup in exports and reinforcing economists' views that the country pulled out of recession in the third quarter. The trade gap declined to a deficit of C$1.73 billion ($

Published 05 Nov, 2015 12:00am

Currency

Eurozone growth weak in October, China services rally

Eurozone private business growth remained tepid last month but activity in China's services industry expanded at its fastest pace in three months, easing concerns about persistent weakness in its economy, surveys showed on Wednesday. There was little sign

Published 05 Nov, 2015 12:00am

Watchdogs struggle to explain 'optimism bias' in rosy GDP forecasts

Chances are, the world economy has been in worse shape than you thought for years. Especially if you were reading the headline forecasts from the IMF, World Bank and OECD. Having repeatedly overestimated the world economic rebound since the 2007-08 crisis

Published 05 Nov, 2015 12:00am

Cotton

Daily trading report of PMEX

On Tuesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,389 million as compared to PKR 3,382 million reported on Monday. The number of lots traded also increased to 26.94 million from 19.87 million. PMEX Commodity Index closed at 2,609.

Published 05 Nov, 2015 12:00am

CBOT wheat futures higher in largely technical trade

Wheat futures on the Chicago Board of Trade closed higher on Tuesday in largely technical trade, rallying on ideas that a sell-off of nearly 3 percent one day earlier was overdone, traders said. CBOT December traded between support at its 20-day moving av

Published 05 Nov, 2015 12:00am

Asian naphtha crack rises on strong demand

Asia's naphtha crack rose for the fifth straight session on Tuesday to around a 4-1/2 month high of $103.95 a tonne, supported by expectations of strong demand as petrochemical units are mostly operating at high rates, traders said. Spot demand for first-

Published 05 Nov, 2015 12:00am

US FOB Gulf corn, soyabean premiums ease on lower CIF basis

Export premiums for corn and soyabeans shipped from the US Gulf Coast eased on Tuesday along with weaker CIF basis values, with corn additionally pressured by dull demand for US supplies, traders said. Basis offers for US wheat, FOB Gulf, were unchanged i

Published 05 Nov, 2015 12:00am

Ethiopia buys 800,000 tonnes of wheat

The Ethiopian government has purchased about 800,000 tonnes of milling wheat of optional origin in a giant international tender for up to 1 million tonnes, European traders said on Tuesday. Offers in the tender had been submitted on October 23. Negotiatio

Published 05 Nov, 2015 12:00am

Rainfall in Vietnam's coffee belt delays harvest

Rainfall in Vietnam's coffee belt has delayed the harvest and disrupted drying in the world's top robusta producer, but fresh beans plus the country's huge stocks will be sufficient for loading, traders said on Tuesday. The rainy season often ends during

Published 05 Nov, 2015 12:00am

Karachi Port's activities

The Karachi Port handled 106,766 tonnes of cargo comprising 80,326 tonnes of import cargo and 26,440 tonnes of export cargo including 5,774 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 8

Published 05 Nov, 2015 12:00am

Cotton

Cotton market: rates extend fall on selling pressure by ginners

A downward trend was again witnessed on the cotton market on Wednesday as a result of panic selling by the ginners, dealers said. The official spot rate failed to halt slide for the second day in a row, losing Rs 50 to Rs 5350, dealers said. In Sindh, see

Published 05 Nov, 2015 12:00am

Bangladesh tea prices fall

Tea prices in Bangladesh fell for a second straight session at the weekly auction on Tuesday due to larger supplies of inferior quality, although robust demand for quality leaf capped the slide. Bangladeshi tea fetched an average 189.18 taka ($2.44) per k

Published 05 Nov, 2015 12:00am

Cotton

Modest trade on grain market

Modest trading activity was seen on the local grain market on Wednesday as leading participants were reluctant in making new purchasing owing to high rates, dealer said. On the cereals side, Masoor Canada after maintaining a stable trend for a long-time s

Published 05 Nov, 2015 12:00am

Saudi index rebounds from chart support, most ME markets weak

Saudi Arabia's stock market rebounded from near technical support on Wednesday but most major Middle Eastern bourses were weak, weighed down by concern about slowing economic growth. The Saudi stock index, which has support at its August low of 6,921 poin

Published 05 Nov, 2015 12:00am

Indian stocks extend gains

Indian shares headed for a second consecutive session of mild gains on Wednesday tracking higher global shares, while auto makers surged after Tata Motors reported strong October sales, but foreign sales capped broader gains. US shares climbed for a fifth

Published 05 Nov, 2015 12:00am

Wednesday's early afternoon trade: stocks down as Yellen says December 'live' for rate hike

Wall Street was lower on Wednesday, following two straight days of gains, after Federal Reserve Chair Janet Yellen said a rate hike in December was a "live" possibility, but not a certainty. "What the committee has been expecting is that the economy will

Published 05 Nov, 2015 12:00am

Energy, tech push stocks up; Nasdaq 100 sets record

Big tech and energy sector gains drove US stocks higher on Tuesday, as an index of 100 major Nasdaq companies finished at a record closing high. The three major indexes continued a positive start for November, after posting their best monthly performances

Published 05 Nov, 2015 12:00am

Yields hit at least six-week highs

US benchmark and short-dated Treasury yields hit over six-week highs on Tuesday on continued expectations of a December Federal Reserve interest rate hike, while surging corporate issuance contributed to long-dated yields touching six-week highs. Analysts

Published 05 Nov, 2015 12:00am

Yields hit at least six-week highs

Published 05 Nov, 2015 12:00am

Taiwan stocks up

Taiwan stocks rose on Wednesday, following strong gains in markets overseas. The gains also came just hours after Taiwan and China announced their leaders would meet for the first time since the Chinese civil war ended in 1949. As of 0323 GMT, the main TA

Published 05 Nov, 2015 12:00am

Nikkei moves higher

Japanese stocks rose on Wednesday in heavy trade, buoyed by gains on Wall Street and a strong debut by three Japan Post shares, which surged as investors rushed to get a piece of the group's $12 billion initial public offering. Rallies in China shares als

Published 05 Nov, 2015 12:00am

China stocks rally

China stocks rallied on Wednesday after President Xi Jinping made comments on its economy and the government unveiled the proposal of its 13th five-year plan, a blue-print for economic and social development between 2016 and 2020. The CSI300 index rose 2.

Published 05 Nov, 2015 12:00am

Germany lags European share rally as Volkswagen scandal widens

European shares rose on Wednesday, led by mining stocks, although Germany's bluechip index sharply underperformed after a scandal at carmaker Volkswagen widened. Volkswagen fell 9.4 percent after it said it had understated the fuel consumption of 800,000

Published 05 Nov, 2015 12:00am

New Zealand stocks scale fresh peak

Australian shares pared early gains on Wednesday after banks took a breather, but natural resources held their ground. The S&P/ASX 200 index ended flat at 5,242.3 points, not far from a recent one-month low of 5,162.7. In contrast, New Zealand's benchmark

Published 05 Nov, 2015 12:00am

Southeast Asian stocks: Malaysia at one-week high

Most Southeast Asian stock markets gained on Wednesday amid strength in Asia and oil prices lifting energy-related shares, while the Malaysian benchmark closed at a one-week high on expectations the central bank will keep interest rates on hold. Kuala Lum

Published 05 Nov, 2015 12:00am

FTSE buoyed by mining shares, M&S earnings

UK shares advanced on Wednesday, buoyed by company results from Marks and Spencer that beat forecasts and hopes that mining commodity Glencore is reducing its debt. The bluechip FTSE 100 index was up 0.8 percent at 6,433.08 points at 0922 GMT, broadly in

Published 05 Nov, 2015 12:00am

Currency

Dollar stands tall in Asia

The dollar firmed on Wednesday in line with higher US Treasury yields, as a regional rally in equities whetted investors' appetite for risk. The dollar index, which tracks the US currency against a basket of six major rivals, last stood at 97.342, up abou

Published 05 Nov, 2015 12:00am

Currency

Dollar dumps versus basket of currencies in Europe

The dollar inched towards 2-1/2 month highs against a basket of currencies on Wednesday, buoyed by returning expectations of a rise in US rates and better growth globally, which has prodded yields on US government bonds higher this week. The euro, a suffe

Published 05 Nov, 2015 12:00am

Early trade in New York: US jobs, trade reports spur dollar rise

The dollar soared on Wednesday after US jobs, trade and services activity data beat expectations, bolstering the case for a Federal Reserve interest rate hike in December. The dollar rose to a more than three-month high against the euro and jumped to sess

Published 05 Nov, 2015 12:00am

Currency

Dollar gains against major currencies in New York

The dollar edged higher on Tuesday, spurred by rising US bond yields and generally in-line US economic data that fed investor expectations for a Federal Reserve interest rate hike before year end. The greenback rose 0.6 percent to trade at $1.0945 against

Published 05 Nov, 2015 12:00am

Currency

China's yuan rises

China's yuan firmed against the dollar on Wednesday after President Xi Jinping said the country could maintain its economic growth and some state-owned banks sold dollars to support the Chinese currency, traders said. The People's Bank of China set the mi

Published 05 Nov, 2015 12:00am

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 78.14-78.18 (previous 78.14-78.15). 02.75-05.00 percent (Previous 03.00-05.00 percent).

Published 05 Nov, 2015 12:00am

Currency

Emerging Asian currencies move up

Emerging Asian currencies rose on Wednesday as risk sentiment improved in the light of a probable increase in euro zone stimulus and a solid services survey from China that assuaged fears of a deepening economic slowdown. The Indonesian rupiah hit a near

Published 05 Nov, 2015 12:00am

Currency

Sterling index hits 10-week high

Sterling hit a ten-week high on a trade-weighted basis on Wednesday after data showed Britain's dominant services sector grew at a faster-than-expected pace in October, bolstering a view that growth is picking up in the final quarter. The purchasing manag

Published 05 Nov, 2015 12:00am

Aussie firms, kiwi slips

The Australian dollar stood tall on Wednesday in contrast to its New Zealand cousin, which skidded following a disappointing jobs report and weaker global dairy prices. The Australian dollar held at $0.7197, from Tuesday's low of $0.7110 and well off a re

Published 05 Nov, 2015 12:00am

France refuses extradition of Russian activist Koblyakov

French judges have rejected a request from Russia for the extradition of Nikolay Koblyakov, an activist and opponent of President Vladimir Putin, his lawyer said Wednesday. Koblyakov, a joint French and Russian citizen, is one of the leaders of "Russia-Fr

Published 05 Nov, 2015 12:00am

Embattled Volkswagen sinks deeper into mire of emissions-cheating scandal

Shares in Volkswagen took a fresh battering Wednesday after a massive pollution scandal engulfing the company widened to include petrol as well as diesel engines. VW shares were once again the biggest losers on the Frankfurt stock exchange.

Published 05 Nov, 2015 12:00am

OECD warns Brazil on environment, economy risks

Brazil is destroying an area of rainforest the size of Israel every four years despite major conservation progress, the OECD economic grouping said Wednesday. Biologically diverse Brazil will be a key player among the 195 countries at the UN climate confe

Published 05 Nov, 2015 12:00am

Got the right stuff? NASA is hiring astronauts

Think you have the right stuff to be an astronaut? NASA issued a hiring call on Wednesday for space explorers that may fly on future missions aboard commercially built spacecraft or NASA's deep-space Orion capsule. With the American spaceflight program gr

Published 05 Nov, 2015 12:00am

Top diplomats to meet Friday on Ukraine crisis

Top diplomats from Ukraine, Russia, Germany and France will meet Friday in Berlin for fresh talks on the conflict plaguing eastern Ukraine, a German foreign ministry spokeswoman said on Wednesday. "I can confirm that the so-called Normandy format meeting

Published 05 Nov, 2015 12:00am

Erdogan seeks new charter to increase his powers

Turkish President Recep Tayyip Erdogan called Wednesday for a new constitution that would give him greater powers, heightening opposition fears over authoritarian rule. Erdogan also vowed there would be no let-up in the military campaign against Kurdish r

Published 05 Nov, 2015 12:00am

Michelle Obama wants 'honest conversation' on girls' education

Michelle Obama called for an end to "outdated laws and traditions" preventing millions of girls around the world from completing their education, in an impassioned speech Wednesday in Qatar. The US first lady, on a seven-day trip to the Middle East, told

Published 05 Nov, 2015 12:00am

German diplomat Kobler to take over UN Libya talks in days

UN Secretary-General Ban Ki-moon on Wednesday announced the appointment of Martin Kobler of Germany as his new envoy for Libya and said he would take over the struggling peace effort there in the coming days. Kobler will replace Bernardino Leon who broker

Published 05 Nov, 2015 12:00am

Tunisia party crisis deepens as lawmakers suspend membership

Thirty lawmakers from Tunisia's ruling Nidaa Tounes party suspended their membership Wednesday, deepening a crisis threatening to split the party and destabilise the government. The secularist Nidaa Tounes, elected to power last year in a vote hailed as d

Published 05 Nov, 2015 12:00am

French FN founder Le Pen's home searched in tax fraud probe

French police searched the manor house of far-right National Front (FN) founder Jean-Marie Le Pen on Wednesday as part of investigations into suspected tax fraud, legal sources told AFP. The investigation targeting the 87-year-old founder of the FN, who w

Published 05 Nov, 2015 12:00am

Zimbabwe journalists charged over elephant poisoning story

Three Zimbabwean journalists were charged Wednesday over a report alleging that several policemen and wildlife officials were involved in the poisoning of some 60 elephants in recent months. Sunday Mail editor Mabasa Sasa, investigations editor, Brian Chi

Published 05 Nov, 2015 12:00am

Murray in command at Paris Masters

Andy Murray's drive to Davis Cup glory got underway in earnest at the ATP Paris Masters on Wednesday with a dominating 6-1, 6-2 second round win over Croatian youngster Borna Coric. The Scot has made it clear that, with the end of the season in sight, his

Published 05 Nov, 2015 12:00am

Smith promises 'hard, aggressive' cricket

Steve Smith pledged to maintain Australia's aggressive approach and lead by example on Wednesday as he takes charge as full-time captain in the Test series opener against New Zealand in Brisbane. Smith echoed opener David Warner when he derided New Zealan

Published 05 Nov, 2015 12:00am

FIFA orders Palestine-Saudi World Cup game played on neutral ground

FIFA on Wednesday ordered Palestine to play World Cup qualifying matches against Saudi Arabia and Malaysia at neutral venues because of security fears. A FIFA emergency bureau made the decision after the Saudis announced on Tuesday they would refuse to tr

Published 05 Nov, 2015 12:00am

GCU win Inter-collegiate Badminton title

The Government College University in Lahore has won the Inter-collegiate Badminton Championship 2015 organised by the Lahore Board of Intermediate and Secondary Education. The college team beat its Punjab counterpart in the finals by 3-0. Fourteen teams o

Published 05 Nov, 2015 12:00am

Real and City through as United breathe sigh of relief

Real Madrid and Manchester City qualified for the Champions League knock-out rounds with victories over Paris Saint-Germain and Sevilla respectively on Tuesday. And there was relief at Old Trafford as Manchester United ended a 404-minute wait for a goal t

Published 05 Nov, 2015 12:00am

Pakistan hold edge as England seek series-levelling win

Pakistan grabbed two early wickets to hit England hard in their chase of a 284-run target as the third and final Test heads for an intriguing finish after day four in Sharjah on Wednesday. England were 46-2 with Alastair Cook (17) and Joe Root (six) fight

Published 05 Nov, 2015 12:00am

Cairns pocketed more than £250,000 for match-fixing

Former New Zealand cricket captain Chris Cairns pocketed more than a quarter of a million dollars in return for fixing matches, a London court heard on Wednesday. The all-rounder moved to Dubai in 2008 with his partner to work for a family in the rough di

Published 05 Nov, 2015 12:00am

Saudi Arabia says fossil fuels still needed despite global warming fears

Leading crude exporter Saudi Arabia supports efforts to limit global warming but believes fossil fuels should remain part of the world energy mix, Oil Minister Ali al-Naimi said on Wednesday. Naimi was speaking at a meeting of major fossil fuel producer a

Published 05 Nov, 2015 12:00am

First refugees leave Greece as EU plan gets under way

The first refugees left Greece on Wednesday under the second phase of a troubled European Union relocation plan as the number of people entering Europe illegally reached 800,000. And Sweden - a top destination for many asylum-seekers - asked for EU help t

Published 05 Nov, 2015 12:00am

Justin Trudeau sworn in as Canada's prime minister

Justin Trudeau was sworn in as Canada's 23rd prime minister Wednesday before a packed, flag-waving crowd, almost 50 years after his father took on the job. The 43-year old former French teacher overcame campaign attack ads claiming he was "just not ready"

Published 05 Nov, 2015 12:00am

Arrests in London as thousands protest student fees

London police on Wednesday made several arrests as a student protest against tuition fees that attracted thousands led to a group trying to force its way into a government building. "A small group of protesters threw paint outside the Home Office and anot

Published 05 Nov, 2015 12:00am

Britain unveils plan for new Internet spying laws

Britain's government published proposals for new Internet spying laws Wednesday including allowing partial access to a suspect's Internet browsing history that were condemned by privacy campaigners. Home Secretary Theresa May hailed the draft legislation

Published 05 Nov, 2015 12:00am

Sweden solar flare causes flight delays

A solar flare briefly disabled radar at Sweden's largest airports on Wednesday causing significant flight delays, the Civil Aviation Authority (LFV) said. "At 3:45 pm (2:45 pm GMT), solar storms had disrupted the Earth's magnetic field, causing radar malf

Published 05 Nov, 2015 12:00am

Tens of thousands march in Moscow as Putin extols patriotism

President Vladimir Putin on Wednesday extolled patriotism as tens of thousands marched through Moscow in the Kremlin-choreographed show of unity amid tensions with the West. Russia marked National Unity Day at a time of growing social and economic problem

Published 05 Nov, 2015 12:00am

West Bank car ramming, Palestinian attacker killed

A Palestinian driver ran over and injured an Israeli border policeman near the West Bank city of Hebron Wednesday and was then killed by Israeli forces, police said. "Running over of border policeman - the terrorist was neutralised - eliminated," a police

Published 05 Nov, 2015 12:00am

At least 36 dead in South Sudan air crash

At least 36 people were killed on Wednesday when a Soviet-era Antonov plane crashed just after take-off from South Sudan's capital Juba. Police and rescue workers recovered the bodies of men, women and children among the wreckage of the An-12 cargo plane,

Published 05 Nov, 2015 12:00am

Serbia, Bosnia show unity at first post-war joint session

The Bosnian and Serbian premiers held their first joint government session since the 1990s Balkan wars on Wednesday, defying the possibility of new conflict after Germany raised fears of fresh fighting. "We are sending a message to our citizens that we lo

Published 05 Nov, 2015 12:00am

Syrian army retakes key road to Aleppo

Syria's army on Wednesday recaptured the only road into the government-held side of Aleppo city from Islamic State group fighters, state media reported, effectively breaking a nearly two-week-long siege. The army gained full control of the route from the

Published 05 Nov, 2015 12:00am

ASEAN defence chiefs fail to agree on South China Sea statement

Disagreement between the United States and China over how to address rival claims in the South China Sea marred a gathering of Southeast Asian defence officials on Wednesday, with a joint statement scrapped after ministers failed to agree on its wording.

Published 05 Nov, 2015 12:00am

Number of SIMs per CNIC: SC tells counsel for PTA to submit fresh response

The Supreme Court Wednesday asked counsel for Pakistan Telecommunication Authority (PTA) to submit a fresh black and white response over the matter of reducing number of mobile phone SIMs from 10 to 5 against a single Computerised National Identity Card.

Published 05 Nov, 2015 12:00am

Politician is 'public property,' says Khursheed Shah

The opposition leader in the National Assembly Syed Khursheed Shah Wednesday said that a politician is a 'public property' and none of his/her actions are personal. In an obvious reference to Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan's bashing to

Published 05 Nov, 2015 12:00am

Senate body recommends ERRA-NDMA merger

A parliamentary panel has recommended the government to merge Earthquake Reconstruction and Rehabilitation Authority (ERRA) with National Disaster Management Authority (NDMA) to effectively deal with natural calamities in future. The Senate standing commi

Published 05 Nov, 2015 12:00am

PTI criticises 'dictatorial attitude' of government

The Pakistan Tehreek-e-Insaf (PTI) in the Punjab has criticised the government for its "dictatorial attitude" towards opponents, saying, "It needs to learn about democratic norms. The criticism came from Insaf Organiser Chaudhry Muhammad Sarwar who also d

Published 05 Nov, 2015 12:00am

Passengers' problems at airports: three-man body formed to evolve strategy: Khokhar

Grievance Commissioner for Overseas Pakistanis Hafiz Ahsan Ahmad Khokhar Wednesday said that three committees have been formed to evolve a strategy how to provide integrated working mechanism to resolve passengers' problems on the spot at national airport

Published 05 Nov, 2015 12:00am

Prime Minister expresses grief

Prime Minister Muhammad Nawaz Sharif Wednesday expressed grief over casualties in a factory building collapse at Sundhar Industrial Area, Lahore. The Prime Minister also directed the Punjab Government to expedite rescue efforts.

Published 05 Nov, 2015 12:00am

War against terrorism: Jordan's King Abdullah lauds PAF's role

Chief of the Air Staff, Pakistan Air Force (PAF) Air Chief Marshal Sohail Aman on Wednesday called on King Abdullah II Ibn El Hussein at Amman, Jordan. The Air Chief conveyed the best wishes and greetings from the government and people of Pakistan. He als

Published 05 Nov, 2015 12:00am

Pakistan State Oil (PSO)

Fuelling the nation for the past 38 years, Pakistan State Oil (KSE: PSO) is the largest oil marketing company (OMC) in Pakistan that is involved in storage, distribution and marketing of various petroleum products. The OMC has motor gasoline, furnace, hig

Published 05 Nov, 2015 12:00am

Pakistan State Oil (PSO)

Published 05 Nov, 2015 12:00am

Marriott Hotel launches 'Meetings Imagined'

Marriott Hotel has launched 'Meetings Imagined', a first-of-its-kind concept that reinvents how meetings are planned, making them more visual, social, and purposeful. Jan Verduyn, General Manager, Marriott, at a press conference on Wednesday informed abou

Published 05 Nov, 2015 12:00am

POL products HCCI rejects increase in prices

Business community of Hyderabad has rejected the recent increase in prices of petroleum products. Senior Vice President, Hyderabad Chamber of Commerce and Industry (HCCI), Turab Ali Khawaja said this in a statement issued here on Wednesday. He expressed h

Published 05 Nov, 2015 12:00am

Four rainy spells forecast

The Met Office has forecast four rainy spells during the month of November, saying that the current month would be wetter than normal. It said that the prevailing climatic trend was a key reason for wetter November following southward track of westerly wa

Published 05 Nov, 2015 12:00am

SBP reiterates resolve to promote Islamic banking

In order to remove any ambiguity and doubt among the general public, the State Bank of Pakistan (SBP) has reiterated its commitment for promotion and development of Islamic banking in the country. Due to persistent efforts of the State Bank and the federa

Published 05 Nov, 2015 12:00am

3kg of heroin seized

Drugs Enforcement Cell (DEC) of Pakistan Customs on Wednesday claimed to have seized 3 kilograms of heroin from a flight PK-211 (Islamabad-Dubai) at Jinnah International Airport (JIAP). According to customs officials, secret information was received that

Published 05 Nov, 2015 12:00am

Defclarea's delegation visits DCK project

A delegation of approximately 200 real estate reps of Defclarea visited DHA City Karachi (DCK) project on Super Highway to see the pace and progress of the ongoing development works and spent a busy day at the site. Project Director DCK, Brigadier Muhamma

Published 05 Nov, 2015 12:00am

Cotton

PRGMEA urges government to announce relief package

Pakistan Ready-made Garments Manufacturers and Exporters Association's (PRGMEA) central chairman Shaikh Mohammad Shafiq and South Zone chief Irfan Ali on Wednesday demanded of the government to immediately announce a relief package for textile industry.

Published 05 Nov, 2015 12:00am

Canadian firms being encouraged to visit Karachi: envoy

High Commissioner of Canada, Heather Cruden has said that Canadian companies are being encouraged to visit Karachi in order to explore trade and investment opportunities in this country. Exchanging views during her visit to KCCI, Canadian High Commissione

Published 05 Nov, 2015 12:00am

Peace activists from India visit Quaid's mausoleum

Peace activists from India, including senior politician Mani Shankar Aiyer, former foreign secretary, Salman Haider and Sudneendra Kulkarni, Head of Observer Research Foundation visited the mausoleum of Quaid-e-Azam Muhammad Ali Jinnah here on Wednesday.

Published 05 Nov, 2015 12:00am

Partly Facetious: A directory of think tanks

"Yeah! We have another directory!"

Published 05 Nov, 2015 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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