News Archives for Print - 2016-03-06

Syrian drivers count on truce to rev up Aleppo's taxi trade

Driving fearlessly under skies free of warplanes and bombs, taxi drivers in Syria's divided second city Aleppo are counting on a fragile truce to revive their trade. One week into the ceasefire in parts of Syria, the country's iconic yellow taxis are slow

Published 06 Mar, 2016 12:00am

Global politics and economics Oil price prognosis

Predicting the oil prices is a hundred million dollar question; in literal sense, it's a game of billions of dollars. This is one of the most difficult tasks, given that there're too many variables and moving parts on the economic, and more so, on the pol

Published 06 Mar, 2016 12:00am

Better late than never

A recent report in this paper that the Prime Minister has approved the launch of "Green Pakistan Programme" comes as a pleasant surprise to all those concerned about the environmental degradation. The plan is to plant 100 million trees during the next fiv

Published 06 Mar, 2016 12:00am

Investment in infrastructure critical

According to a Business Recorder exclusive, the Ministry of Petroleum and Natural Resources has finalised a plan to collect 101 billion rupees from gas consumers for the construction of a South-North gas pipeline (Karachi to upcountry areas) for tra

Published 06 Mar, 2016 12:00am

Dr Asim's mental condition not stable: medical report

According to a medical report submitted to an accountability court on Saturday by jail authorities, Dr Asim is ill and he is also not mentally well. Dr Asim's absence from the proceedings of an accountability court yesterday irked the judges who asked why
Published 06 Mar, 2016 12:00am

Marshalls to open nuclear-arms battle at top UN court

The tiny Marshall Islands will Monday seek to convince the UN's highest court to take up a lawsuit against India, Pakistan and Britain which they accuse of failing to halt the nuclear arms race. Lawyers representing the small Pacific island nation will la
Published 06 Mar, 2016 12:00am

India denies visas to US religious freedom monitors

A US government team that monitors religious freedom around the world has been denied visas to India, New Delhi's embassy in Washington confirmed Friday. The US Commission on International Religious Freedom (USCIRF) visits countries to report on violation
Published 06 Mar, 2016 12:00am

Five more US states vote in presidential primary race

Five more states including Louisiana and Kansas began voting Saturday in the hotly contested White House primary race, with Republican challengers like Marco Rubio desperate to cut into frontrunner Donald Trump's lead. The brash billionaire is ahead in th
Published 06 Mar, 2016 12:00am

$5 billion exports eyed: PAAPAM to launch ''export coaching programme'' with Dutch help

Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) is going to launch ''Export Coaching Program'' with the assistance of Dutch authorities to escalate automotive parts exports up to $5 billion in next five years. Speaking to a s
Published 06 Mar, 2016 12:00am

$5 billion exports eyed: PAAPAM to launch 'export coaching programme' with Dutch help

Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) is going to launch 'Export Coaching Program' with the assistance of Dutch authorities to escalate automotive parts exports up to $5 billion in next five years. Speaking to a sel
Published 06 Mar, 2016 12:00am

President due in Jakarta today to attend OIC summit on Palestine

President Mamnoon Hussain will arrive in the Indonesian capital Jakarta on Sunday to participate in the 5th Extraordinary Summit of Organisation of Islamic Co-operation (OIC) on Palestine and Al-Quds Al-Shareef, being held on March 6-7. The Summit under t
Published 06 Mar, 2016 12:00am

Efforts to improve: PIA services to be supported: Dar

Finance Minister Ishaq Dar Saturday said the government will support all efforts aimed at improvement in PIA services. Chairing a meeting to review performance of the national flag carrier here, Dar appreciated the efforts by the PIA administration for im
Published 06 Mar, 2016 12:00am

Shahbaz reviews Pakistan Kidney & Liver Transplant Institute project

Punjab Chief Minister Shahbaz Sharif paid a visit to the site of Pakistan Kidney and Liver Transplant Institute and Research Centre on Saturday and presided over a high level meeting to review the matters relating to the project. He was given a briefing o
Published 06 Mar, 2016 12:00am

Assad must go at start of Syria transition, says Saudi

Syrian President Bashar al-Assad must leave office as soon as a transitional authority is set up, Saudi Foreign Minister Adel al-Jubeir said Saturday, insisting there is no way he can retain power. Talks between the regime and Syrian opposition, due to re
Published 06 Mar, 2016 12:00am

Revenue collection: government for increasing efficiency and effectiveness: Dar

Finance Minister Ishaq Dar Saturday said the government is continuously trying to increase the efficiency and effectiveness of the revenue collection process and to make it taxpayer friendly, so that tax culture is promoted. He said that the Tax Reforms C
Published 06 Mar, 2016 12:00am

Small corporate taxpayers, AoPs: FBR mulling replacing functional-based system with hybrid system

The Federal Board of Revenue (FBR) is working on a proposal to replace functional-based system with hybrid system to assess small corporate taxpayers, Association of Persons (AoPs) and others under the circle-based system and big units and corporate entit
Published 06 Mar, 2016 12:00am

Baldia factory fire: JIT gives clean chit to Qaimkhani in fresh report

The Joint Investigation Team (JIT) on Saturday gave a clean chit to disgruntled MQM leader Anees Qaimkhani in the Baldia factory fire case by excluding his name from the fresh investigation report presented in the court. According to a report submitted by
Published 06 Mar, 2016 12:00am

MQM never informed me about purported ties with RAW: Malik

Former Interior Minister Rehman Malik has rebuffed the charges framed against him by defected MQM leader Mustafa Kamal, saying that MQM never apprised him of their purported relations with Indian intelligence agency RAW. "As interior minister, I met MQM o
Published 06 Mar, 2016 12:00am

CJ Jamali for avoiding unnecessary criticism of judiciary

Chief Justice, Anwar Zaheer Jamali on Saturday advised the critics to avoid unnecessary criticism over the judiciary, saying the main fault was with other factors prolonging litigations at courts. Speaking at a seminar on "Mediation: Improving Business Cl
Published 06 Mar, 2016 12:00am

US issues notification for sale of 8 F-16s

The US government has issued a formal notification for the sale of eight F-16s amidst stiff opposition from India and top American lawmakers. It has formally published federal notification for the sale of eight F-16 fighter jets to Pakistan.
Published 06 Mar, 2016 12:00am

Facts about China''s 2016-2020 growth plan

China on Saturday published the draft of its 13th Five-Year Plan, a blueprint for economic and social development over the 2016-2020 period. Such plans are a legacy of China''s command economy era but still guide policymakers, and the 148-page document is
Published 06 Mar, 2016 12:00am

Facts about China's 2016-2020 growth plan

China on Saturday published the draft of its 13th Five-Year Plan, a blueprint for economic and social development over the 2016-2020 period. Such plans are a legacy of China's command economy era but still guide policymakers, and the 148-page document is
Published 06 Mar, 2016 12:00am

China cuts 2016 growth target to ''6.5-7 percent'': Li

China on Saturday cut its growth target for this year to a range of 6.5 to seven percent, as the world''s second-largest economy faces a litany of challenges from overcapacity to weak trade. The country is a key driver of global growth but expansion fell
Published 06 Mar, 2016 12:00am

China cuts 2016 growth target to '6.5-7 percent': Li

China on Saturday cut its growth target for this year to a range of 6.5 to seven percent, as the world's second-largest economy faces a litany of challenges from overcapacity to weak trade. The country is a key driver of global growth but expansion fell l
Published 06 Mar, 2016 12:00am

Fazl reiterates criticism of women protection law

Maulana Fazlur Rehman, chief of Jamiat Ulema-e-Islam-Fazl (JUI-F) on Saturday reiterated that the recently-passed Women Protection Bill by Punjab provincial assembly is in contravention of Shariah, Islamic teachings and Constitution of Islamic Republic of
Published 06 Mar, 2016 12:00am

Allegations against Altaf: Kamal must approach government if he has evidence: Nisar

The Interior Minister Chaudhry Nisar Ali Khan on Saturday said that Mustafa Kamal, former senior leader of Muttahida Qaumi Movement (MQM), must approach the government if he has any substantial evidence regarding allegations he has levelled against MQM su
Published 06 Mar, 2016 12:00am

Prime Minister likely to announce women-related initiatives

Prime Minister Nawaz Sharif is likely to announce a number of initiatives for bridging gap by empowering women in social, economic and political arena on International Women Day on March 8. Soon after promulgation of the Punjab Protection of Women against
Published 06 Mar, 2016 12:00am

Taliban reject peace talks with Afghan government

The Taliban on Saturday refused to hold direct peace talks with the Afghan government, dealing a blow to international efforts to revive long-stalled negotiations aimed at ending the deadly 14-year insurgency. The announcement, which comes as face-to-face
Published 06 Mar, 2016 12:00am

Corruption: Shahbaz says ready to quit politics if charges proved

Punjab Chief Minister Shahbaz Sharif said that he would quit politics if charges of corruption are proved. He said these remarks while addressing a gathering at the Aiwan-e-Iqbal. Referring to the past, Shahbaz said that financial corruption of Rs 900 mil
Published 06 Mar, 2016 12:00am

Iran and Turkey aim to triple trade to $30 billion

Iran and Turkey aim to triple their annual trade to $30 billion within two years, officials said in Tehran on Saturday, despite the two countries being at odds over fighting in Syria. Following last year''s nuclear deal with world powers Iran is being tar
Published 06 Mar, 2016 12:00am

Iran and Turkey aim to triple trade to $30 billion

Iran and Turkey aim to triple their annual trade to $30 billion within two years, officials said in Tehran on Saturday, despite the two countries being at odds over fighting in Syria. Following last year's nuclear deal with world powers Iran is being targ
Published 06 Mar, 2016 12:00am

Hindu hard-line group threatens to 'dig up' pitch if Pakistan plays at Dharamshala

Hindu hard-line group 'Anti-Terrorist Front' has threatened to dig the pitch at the HPCA stadium if the Pakistan-India fixture is allowed to take place in Dharamshala. Virender Shandilya, national president of Anti-Terrorist Front of India, demanded that
Published 06 Mar, 2016 12:00am

The Weather

The weather report on Saturday (March 05, 2016) and the forecast for Sunday (March 06, 2016).

Published 06 Mar, 2016 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 05, 2016).

Published 06 Mar, 2016 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (March 05, 2016).

Published 06 Mar, 2016 12:00am

Yarn Prices
Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (March 05, 2016).

Published 06 Mar, 2016 12:00am

Yarn Prices
Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (March 05, 2016).

Published 06 Mar, 2016 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (March 05, 2016)

Published 06 Mar, 2016 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (March 05, 2016).

Published 06 Mar, 2016 12:00am

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 05, 2016).

Published 06 Mar, 2016 12:00am

Cotton
Grain market rates

Karachi grain market rates in rupees on Saturday (March 05, 2016).

Published 06 Mar, 2016 12:00am

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (March 05, 2016).

Published 06 Mar, 2016 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 05, 2016).

Published 06 Mar, 2016 12:00am

Kerb
Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (March 05, 2016).

Published 06 Mar, 2016 12:00am

Currency
THE RUPEE: firm trend

Rising trend persisted on the currency market on Saturday in the process of trading, dealers said. The rupee extended overnight gains by picking up 10 paisas more in relation to the dollar for buying and selling at Rs 105.90 and Rs 106.10, they said. The
Published 06 Mar, 2016 12:00am

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Saturday (March 05, 2016).

Published 06 Mar, 2016 12:00am

Member to Member

The following transactions member to member subsequently reported on Saturday (March 05, 2016).

Published 06 Mar, 2016 12:00am

Currency
Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (March 05, 2016).

Published 06 Mar, 2016 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 06 Mar, 2016 12:00am

European wheat prices up but mood still bearish

European wheat prices rebounded slightly on Thursday on technical factors before the expiry of the front-month contract and after a rise on US markets, but the mood remained bearish due to hefty supplies, traders said. May milling wheat, the benchmark on
Published 06 Mar, 2016 12:00am

CBOT wheat futures up to 1-1/2-week high

Wheat futures on the Chicago Board of Trade climbed to a 1-1/2 week high on Thursday, rallying from contract lows this week as concerns about weather in the southern US Plains and the Delta ignited a round of short-covering, traders said. CBOT May wheat s
Published 06 Mar, 2016 12:00am

Cotton
Slow business on grain market

A lethargic mood persisted on the wholesale grain market on Saturday in the process of trading, dealers said. On the cereals side, Masoor Dall Canada low type was up by Rs 100 to Rs 10600 best quality was higher by Rs 800 to Rs 10800, other commodities ma
Published 06 Mar, 2016 12:00am

Exchange
US natural gas futures settle at 17-year low

US natural gas futures settled at their lowest since February 1999 on Thursday on forecasts that continue to call for much warmer-than-normal weather through the middle of March that will keep heating demand light. Front-month gas futures on the New York
Published 06 Mar, 2016 12:00am

Exchange
Chinese iron ore hits eight-month high

Chinese iron ore futures jumped more than 3 percent on Wednesday, stretching recent sharp gains to touch their highest since June as steel prices stayed firm on hopes of brisk seasonal demand. Some mills in Tangshan city, in China's top steel-producing He
Published 06 Mar, 2016 12:00am

Rice prices hike in Vietnam, drop in Thailand

Export prices of Vietnamese rice picked up this week on loading demand and possible damage from dry weather in the Mekong Delta food basket, while Thai rice prices plunged on lack of orders, traders said on Wednesday. Harvesting of the winter-spring crop,
Published 06 Mar, 2016 12:00am

Cotton
Oil cake market rates

March vaida was lower on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The March vaida closed at Rs 2052.40 and it commenced with 40 paisas losses at Rs 2052.00 in the early hours, they said.
Published 06 Mar, 2016 12:00am

Cotton
Lethargic attitude pervades cotton market

A lacklustre mood persisted on the cotton market on Saturday in the absence of leading buyers, dealers said. The official spot rate was unchanged at Rs 5,200, dealers said. In Sindh, seed cotton prices were at Rs 1500-2700, and in Punjab prices at Rs 1800
Published 06 Mar, 2016 12:00am

Asian naphtha crack recovers marginally

Asia's naphtha crack recovered marginally from a three-week low to notch up a three-session high of $60.28 a tonne on Thursday but sellers remain under pressure from excess supplies. Lotte Chemical bought a naphtha cargo for second-half April delivery at
Published 06 Mar, 2016 12:00am

Exchange
Freight rates for capesize bulk carriers likely to stay flat

Freight rates for capesize bulk carriers on key Asian routes are likely to remain flat as the number of vessels for hire outpaces cargo demand, ship brokers said. That came despite an increase in number of idled ships and ships sent for demolition, broker
Published 06 Mar, 2016 12:00am

Vegetable Oil
European vegoils: palm oil firmer on bargain buying

Palm oil on the European vegetable oils market was firmer on Thursday, tracking Malaysian palm oil futures, which ended well off their lows on short-covering and bargain buying. "The recent weakness in palm oil futures was bound to turn around at some poi
Published 06 Mar, 2016 12:00am

China's January gold imports drop to 17-month low

China's net gold imports via main conduit Hong Kong slumped to a 17 month-low in January, as heavy purchases made in the previous months and higher bullion prices curbed demand. The fall in imports from the top consumer comes at a bad time for global gold
Published 06 Mar, 2016 12:00am

US Midwest corn, soya bids unchanged

Spot basis bids for corn and soyabeans were flat at most elevators and processors around the US Midwest on Thursday, grain dealers said. The basis was underpinned by slow country movement of both commodities. Weakness in the futures market has shut off sa
Published 06 Mar, 2016 12:00am

Asian coffee market faces tight supply

Asian coffee market is facing tight supply in key robusta- producing nations as farmers in Vietnam slowed sales while Indonesia's stocks are depleted, traders said on Thursday. Vietnamese coffee farmers held back sales following a decline in global prices
Published 06 Mar, 2016 12:00am

Cotton
Brazil's grain exports shifting from corn to soya

Brazilian trading house CGG expects the country's main ports to shift grain exports away from corn, which remained firm last month, to soyabeans starting in March as harvest of the crop picks up in the interior of the country. Brazil's Trade Ministry repo
Published 06 Mar, 2016 12:00am

China's canola meal supply may fall as import rules to tighten

China may suffer a shortage of canola meal, a protein-rich feed ingredient, after Beijing plans to toughen the import standards for the oilseed from major exporters, industry analysts said. China will allow no more than 1 percent of foreign material in ca
Published 06 Mar, 2016 12:00am

US FOB Gulf corn premiums mostly steady

Export premiums for corn shipped from the US Gulf Coast were mostly steady on Thursday, underpinned by moderate demand from regular US customers but anchored by weak CIF barge basis values, traders said. Costs for loaded corn barges at the Gulf Coast were
Published 06 Mar, 2016 12:00am

Switzerland's ADM wins Bangladesh wheat tender

Switzerland's ADM International has secured a tender to supply 50,000 tonnes of wheat to Bangladesh after submitting the lowest offer of $211.45 a tonne, said an official with the state grains buyer on Monday. This was the third international wheat purcha
Published 06 Mar, 2016 12:00am

Bureaucrat and old fungus law hold Egypt's wheat supplies hostage

A global grain glut should make purchasing wheat cheap and easy for Egypt, the world's biggest importer, but traders say one bureaucrat has made it anything but. Saad Moussa, the head of the agricultural quarantine agency, refuses to let in a single grain
Published 06 Mar, 2016 12:00am

Facing looming bills, US farmers sold corn, soya; cash prices fell

US farmers grabbed the highest grain prices in a fortnight to offload some of their massive stocks of corn and soyabeans early last week as they sought cash to pay for spring expenses like seed and farmland rent, trade sources said. By the end of the week
Published 06 Mar, 2016 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 1	277.78
USD PKR Interbank Buying / Nov 1	277.68
USD to Japanese Yen / Nov 1	153.01
USD to Swiss Franc / Nov 1	0.87
Pound Sterling to USD / Nov 1	1.29
Euro to USD / Nov 1	1.08

Stock	Volume
S&P 500 / Nov 1	5,728.80
India Sensex / Nov 1	79,724.12
Tokyo Nikkei / Nov 1	38,053.67
Nasdaq / Nov 1	18,239.92
Hang Seng / Nov 1	20,506.43
FTSE 100 / Nov 1	8,177.15
Dow Jones / Nov 1	42,052.19
Germany DAX 30 / Nov 1	19,254.97

Item	Value
Crude Oil USD/Barrel / Nov 1	69.49
Karachi Cotton PKR/37.32 KG / Nov 1	18,085
Gold 10 Grams PKR / Nov 1	244,084
Gold Spot USD/Ounce / Nov 1	2,736.53
Cotton US¢/pound / Nov 1	70.17
Petrol/Litre / Nov 2	248.38

Stock	Price
786 Invest Ltd / Nov 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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