News Archives for Print - 2016-07-13

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Print - 2016-07-13

Rotterdam vegetable oil prices

The following were Tuesday's Rotterdam vegetable oil prices at 1600 GMT:

Published 13 Jul, 2016 12:00am

Rotterdam vegetable oil prices

The following were Tuesday's Rotterdam vegetable oil prices at 1600 GMT:

Published 13 Jul, 2016 12:00am

Palm oil prices hit 10-month low as Malaysia exports fall

Malaysian palm oil futures plunged to a near 10-month low on Tuesday after data showed exports plummeted more than expected and on a appreciating ringgit. Benchmark palm oil futures for September delivery on the Bursa Malaysia Derivatives Exchange were do

Published 13 Jul, 2016 12:00am

Raw sugar sinks, London cocoa spread surges to contract high

Raw sugar futures on ICE tumbled 3 percent on Tuesday, after technical failures triggered heavy selling, while London cocoa fell on pressure from the rallying British pound and the July contract's premium to September surged to a contract high.

Published 13 Jul, 2016 12:00am

Gold falls in New York

Gold fell on Monday as stock markets rallied on the back of Friday's stronger-than-expected US jobs data and the prospect of more monetary stimulus from central banks, while the dollar rose against a basket of currencies.

Published 13 Jul, 2016 12:00am

Gold little changed in Asia

Gold on Tuesday held near lows touched in the previous session as Asian stocks rallied and markets assessed whether the latest US jobs data has boosted the prospects for an interest rate hike by the US Federal Reserve. Spot gold was little changed at $1,3

Published 13 Jul, 2016 12:00am

Gold slips in Europe

Gold fell for a second straight day on Tuesday as global equities rallied on easing political uncertainty in Britain and hopes for more economic stimulus, which in turn curbed demand for assets perceived as a safe haven. Spot gold fell as much as 1.1 perc

Published 13 Jul, 2016 12:00am

Soyabeans advance

US soyabean futures rose advanced on Tuesday ahead of a monthly crop outlook from the US government that may show increased export demand for the oilseed. Corn and wheat futures slipped.

Published 13 Jul, 2016 12:00am

US MIDDAY: gold falls

Gold saw its biggest one-day fall in three weeks on Tuesday as global equities rallied on easing political uncertainty in Britain and hopes for more economic stimulus, which in turn curbed demand for assets perceived as safe havens. Spot gold fell as much

Published 13 Jul, 2016 12:00am

Cotton

Daily trading report of PMEX

On Monday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 4,229 million and the number of lots traded was 9,026. PMEX Commodity Index closed at 2,936. Major business was contributed by currencies through COTS amounting to PKR 2,063 million f

Published 13 Jul, 2016 12:00am

US Plains HRW wheat bids flat

Spot cash basis bids for hard red winter (HRW) wheat were unchanged in the southern US Plains on Monday and farmer selling was quietly steady as K.C. HRW futures declined, merchandisers said. Combines were rolling in parts of northern Kansas, Nebraska and

Published 13 Jul, 2016 12:00am

India's 2016-17 coffee output seen down

India, the world's sixth largest coffee producer, is likely to harvest 320,000 tonnes of beans in 2016/17, down 8 percent from a year ago due to poor rainfall and higher temperatures, the state-run Coffee Board said. The country is likely to produce 100,0

Published 13 Jul, 2016 12:00am

US FOB Gulf corn and soyabean offers hold steady

Export premiums for soyabeans shipped from the US Gulf Coast held mostly steady on Monday as futures prices declined and CIF barge basis values were mixed, traders said. Importers in China have slowed new purchases of US soyabeans, but recent old-crop soy

Published 13 Jul, 2016 12:00am

Euronext wheat futures rise

Euronext wheat futures rose on Monday to their highest in almost two weeks, in a continuing rebound from contract lows and amid growing expectations of weather-hit yields and quality in the French harvest. Benchmark December milling wheat on Paris-based E

Published 13 Jul, 2016 12:00am

Activities at Karachi and Qasim ports

The Karachi Port handled 151,169 tonnes of cargo comprising 126,254 tonnes of import cargo and 24,915 tonnes of export cargo including 4,297 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday

Published 13 Jul, 2016 12:00am

Cotton

Oil cake market rates

The July contract was lower on the forward cottonseeds oilcake market on Tuesday, dealers said. The July vaids closed at Rs 2051.40 and it commenced with 40 paisas losses at Rs 2051.00, they added.

Published 13 Jul, 2016 12:00am

Cotton

Cotton market: prices firm on persistent demand

Rates remained firm on the cotton market on Tuesday amid persistent demand by mills and spinners, dealers said. The official spot rate was unchanged at Rs 5,750, dealers said. In Sindh, seed cotton prices were higher by Rs 100 to Rs 2900, similarly, in Pu

Published 13 Jul, 2016 12:00am

CBOT wheat futures lower

Chicago Board of Trade wheat futures settled lower on Monday, pressured by declines in corn and positioning a day ahead of monthly supply/demand reports from the US Department of Agriculture, traders said. Analysts expect the USDA on Tuesday to raise its

Published 13 Jul, 2016 12:00am

Cotton

Prices of rice, Masoor up on grain market

Prices of rice were higher on the wholesale grain market on Tuesday in the process of modest trading, dealers said. On the cereals side, Masoor Canada low type was higher by Rs 200 to Rs 10800 while the best type was unchanged at Rs 11000, Masoor Dall Can

Published 13 Jul, 2016 12:00am

McIlroy delivers low blow as Spieth admits 'hardest decision'

Rory McIlroy dealt another blow to golf's relationship with the Olympics on Tuesday as he indicated that he would only watch "the stuff that matters" at next month's Games.

Published 13 Jul, 2016 12:00am

India change hockey skipper ahead of Olympics

India's hockey coach Roelant Oltmans said Tuesday that skipper Sardar Singh had been replaced as captain for the Olympics as he backed the sport's one-time giants to continue their recent revival in Rio. After unveiling the 16-strong men and women's squad

Published 13 Jul, 2016 12:00am

Barca complete deal for Lyon's Umtiti

Barcelona have completed the signing of France defender Samuel Umtiti from Lyon in a deal worth 25 million euros ($27.7 million), the Spanish champions announced on Tuesday. Umtiti, 22, will pen a five-year contract with Barcelona which includes a buy-out

Published 13 Jul, 2016 12:00am

Matthews completes Grand Tour stage sweep

Michael Matthews completed the full set of Grand Tour stage victories with success at the Tour de France 10th stage on Tuesday. The 25-year-old Australian had already taken three stage wins at the Vuelta a Espana and two on the Giro d'Italia.

Published 13 Jul, 2016 12:00am

Siddikur creates Olympic history for Bangladesh

Golfer Siddikur Rahman has become the first ever Bangladeshi to directly qualify for the Olympics Games after cementing his status as one of the top 60 players for next month's tournament in Rio de Janeiro. The 31-year-old's place was confirmed when he fi

Published 13 Jul, 2016 12:00am

Foreign T20 stars keep signing up for PSL

Top foreign cricket stars are joining HBL Pakistan Super League with Sri Lankan pacer Lasith Malinga and South African all-rounder Albie Morkel becoming the latest additions to an impressive player roster.

Published 13 Jul, 2016 12:00am

Is Rio's Olympic 'transformation' for real?

Rio's mayor touts a "transformation" of the 2016 Olympic city but when Rosa, a cleaning lady, makes the difficult journey back to her crime-ridden slum each evening, she's grateful just to have made it home. At the heart of Rio de Janeiro's so-called lega

Published 13 Jul, 2016 12:00am

Loew stays on as Germany coach

Joachim Loew ended speculation about his immediate future when he confirmed Tuesday that he would stay on as coach of Germany despite the disappointment of the Euro 2016 semi-final defeat by France.

Published 13 Jul, 2016 12:00am

Root ready for number three role

England batsman Joe Root is confident he can cope with the added responsibility of batting at number three during the upcoming Test series against Pakistan. Root has been promoted one place up the order following former number three Nick Compton's decisio

Published 13 Jul, 2016 12:00am

Wahab promises Pakistan will back 'younger brother' Aamir

Pakistan's Wahab Riaz has insisted Mohammad Amir has the support of all his team-mates as he prepares to make his return to Test cricket at Lord's on Thursday.

Published 13 Jul, 2016 12:00am

China auto sales speed up 14.6 percent in June

Car sales growth in China, the top global auto market, accelerated for the second consecutive month, an industry group reported Monday, despite continued woes in the world's second-largest economy. A total of 2.07 million vehicles were sold in China last

Published 13 Jul, 2016 12:00am

China auto sales speed up 14.6 percent in June

Published 13 Jul, 2016 12:00am

Finland auctions Soviet cars abandoned by migrants

Collectors with a penchant for old Soviet cars will head to the Arctic this weekend where the Finnish customs will auction dozens of cars abandoned by migrants crossing over from Russia.

Published 13 Jul, 2016 12:00am

Tesla readies updated 'secret masterplan'

Electric carmaker Tesla is preparing an updated "secret masterplan," as the company looks to rebound from concerns over two crashes of vehicles using its "autopilot" semi-autonomous driving mode. Company founder Elon Musk announced on Twitter Sunday that

Published 13 Jul, 2016 12:00am

Brazil could sell Sao Paulo and Rio airports: interim president

Brazil's government will consider selling airports in Sao Paulo and Rio to help to reduce a large fiscal deficit next year, interim President Michel Temer told the Folha de S.Paulo newspaper on Sunday.

Published 13 Jul, 2016 12:00am

Bombardier gets green light for CS300 passenger jet

Bombardier said Monday it has won certification from Canada's government for its CS300 passenger jet and the first ones will be delivered late this year. The CS300 is the larger model of the company's CSeries and holds between 130 and 160 passengers.

Published 13 Jul, 2016 12:00am

Japan government to cut inflation forecasts, gloomier on outlook than BoJ

Japan's government is expected to cut its consumer inflation forecast for the current fiscal year and produce an estimate for fiscal 2017 that is much lower than the central bank's 2 percent target, government sources told Reuters on Tuesday.

Published 13 Jul, 2016 12:00am

Thieves get Taiwan cash machines to churn out $2 million

Thieves suspected of installing a computer programme that got cash machines in Taiwan to churn out more than $2 million were being hunted by police on Tuesday, officials said. The masked robbers ransacked more than 30 ATMs at the Taipei-based First Commer

Published 13 Jul, 2016 12:00am

Currency

Brazil posts surprise retail sales drop for May

Retail sales in Brazil fell unexpectedly in May as rising unemployment continued to hurt consumption, government data showed on Tuesday, suggesting the economy may take longer to hit bottom in its worst recession in decades.

Published 13 Jul, 2016 12:00am

'Incidence of terrorism registers sharp decline during last six months'

A meeting was held in the Central Police Office, Peshawar under the chairmanship of the Inspector General of Police Nasir Khan Durrani to review the efforts made in war against terrorism. The Additional IGP CTD gave the briefing encompassing in-depth anal

Published 13 Jul, 2016 12:00am

Condolence reference for Edhi held at WCCI Peshawar

A condolence reference on demise of great and world acclaim philanthropist, Abdul Sattar Edhi, held at the Women Chamber of Commerce and Industry (WCCI) Peshawar House, here on Tuesday.

Published 13 Jul, 2016 12:00am

Power tariff cut for agriculture sector: effective mechanism required to ensure trickle-down effect

The government's decision to reduce electricity tariff by Rs 3.50 per unit for agriculture sector would not help lower the cost of production until the government devises an effective mechanism to trickle-down the effect of the package to small farmers.

Published 13 Jul, 2016 12:00am

Trust property: Supreme Court asks Punjab government to submit comprehensive report

The Supreme Court on Tuesday asked Punjab government to submit a comprehensive report pertaining to details of auction and encroachment on property donated by Sardar Kauray Khan Jatoi in Muzaffargarh for the welfare of the district under a registered trus

Published 13 Jul, 2016 12:00am

Girls clinch top positions in SSC exams

Federal Board of Intermediate and Secondary Education (FBISE) on Tuesday announced results of Secondary School Certificate Examination, 2016 with a passing percentage of over 74 percent.

Published 13 Jul, 2016 12:00am

Fighting terrorism: there must be no misgiving about Pakistan's role: Jilani

Pakistan's ambassador to the United States Jalil Abbas Jilani has said that misgivings about Pakistan's role in the fight against terrorism must stop as the country has suffered most in fighting the menace and has helped the United States capture key oper

Published 13 Jul, 2016 12:00am

NAB KP arrests three in WWB land acquisition case

National Accountability Bureau (NAB) Khyber Pakhtunkhwa arrested former tehsildar Syed Masood Shah along with his associates Mahaz Khan, Imrose Khan Hussain Khalil involved in corruption and corrupt practices.

Published 13 Jul, 2016 12:00am

Training programme of UHS for principals inaugurated

Chairperson Punjab Higher Education Commission (PHEC) Professor Dr Mohammad Nizamuddin and Secretary Higher Education Department Punjab (HED) Irfan Ali jointly chaired the inauguration ceremony of the short-term principals' training program at the Univers

Published 13 Jul, 2016 12:00am

Health officials urged to take responsibility of their work

Advisor to Chief Minister on Health Khawaja Salman Rafique on Tuesday said that the management of DHQs and THQs hospitals was a test of leadership for EDOs (H). Chairing the monthly EDOs (H) meeting, Salman said the district managers must themselves take

Published 13 Jul, 2016 12:00am

Tarbela 4th Extension Project: Wapda chief reviews construction work

Pakistan Water and Power Development Authority (WAPDA) Chairman Zafar Mahmood visited the under construction 1410 MW Tarbela 4th Extension Hydropower Project to review progress of work on the project. He witnessed construction activities on various sites

Published 13 Jul, 2016 12:00am

College system needs restructuring, new syllabus: PHEC

Chairperson Punjab Higher Education Commission (PHEC) Professor Dr Muhammad Nizamuddin has said that the college system needs restructuring with a new syllabus, good governance and an improved infrastructure.

Published 13 Jul, 2016 12:00am

PDWP approves EPI

Punjab Provincial Development Working Party has approved Expanded Programme on Immunization (EPI). Health department expert said that EPI is a disease prevention activity aiming at reducing illness, disability and mortality from childhood diseases prevent

Published 13 Jul, 2016 12:00am

Traders concerned over proposed rise in power and gas tariffs

Industry and trade associations have revealed their concerns over a proposed increase in the power and gas tariff following pressure from the International Monetary Fund (IMF) and warned that it could devastate the industry.

Published 13 Jul, 2016 12:00am

Hormone-free chickens: CCP urged to take notice of propaganda

Chairman Pakistan Poultry Association (PPA) has urged the Competition Commission of Pakistan to take notice of the propaganda by some sellers of chicken that they are selling hormone-free chickens, which implies that all other chicken available in Pakista

Published 13 Jul, 2016 12:00am

Energy saving equipment: Lahore Chamber for removing duty

The Lahore Chamber of Commerce and Industry (ICCI) on Tuesday called for abolition of recently imposed customs duty on energy saving electric equipment to bring them in the reach of all.

Published 13 Jul, 2016 12:00am

FCCI vows to strengthen mission of Edhi

FCCI standing committee on social welfare will be reactivated to further strengthen the social welfare mission of Abdus Sattar Edhi in Faisalabad, said President Faisalabad Chamber of Commerce and Industry (FCCI) Chaudhary Muhammad Nawaz.

Published 13 Jul, 2016 12:00am

Bone Marrow Transplant Centre to start work soon

A Bone Marrow Transplant Centre is to be opened at the Children Hospital in Lahore at a cost of Rs 237 million to help children suffering from blood diseases.

Published 13 Jul, 2016 12:00am

PML-Q slams massacre of Kashmiris by Indian forces

Pakistan Muslim League-Q (PML-Q) President and former Prime Minister Chaudhry Shujaat Hussain has condemned in the strongest words the massacre of Kashmiris in occupied Kashmir by the Indian rulers and army, saying the Kashmiris are burying their martyrs

Published 13 Jul, 2016 12:00am

India inflation inches up

India's consumer price inflation notched up marginally to 5.77 percent in June from a year earlier, official data showed Tuesday, with hopes dimming of a possible slash in interest rates. The acceleration from May's 5.76 percent and 5.4 percent in April w

Published 13 Jul, 2016 12:00am

China's June FDI jumps 9.7 percent

China's foreign direct investment (FDI) jumped 9.7 percent in June from a year earlier, official data showed on Tuesday, recovering from a 1 percent drop in May and hitting a 10-month high. The total of FDI received by China last month was 98.2 billion yu

Published 13 Jul, 2016 12:00am

Airbus bags Asian deals as Farnborough struggles to take off

Airbus bagged deals worth $20 billion to seize the initiative at a rain-soaked Farnborough Airshow on Tuesday, but industry executives said the mostly lacklustre event confirmed a recent boom in aircraft orders was finally fizzling out.

Published 13 Jul, 2016 12:00am

Opec sees oil glut continuing to ease in 2016-17

Opec said Tuesday it expected the global supply glut to ease further this year and next thanks to reductions in oil output from producers outside the cartel, particularly the United States. If accurate, this will be a vindication of its Saudi-led strategy

Published 13 Jul, 2016 12:00am

France's EDF buys Chinese wind energy firm

Seeking to place itself as the main European player in a burgeoning Chinese market, state-owned French energy giant EDF said Tuesday it had taken a controlling stake in Hong Kong-based UPC Asia Wind Management (AWM).

Published 13 Jul, 2016 12:00am

PSA first half sales flat on Asian sag

French carmaker PSA on Tuesday unveiled global sales that were stable in the first half of the year over the same period in 2015, as Europe came to the rescue to offset a slide in China.

Published 13 Jul, 2016 12:00am

Weak US wholesale inventories seen weighing on second quarter GDP growth

US wholesale inventories barely rose in May as automobile stocks recorded their biggest drop in more than 2-1/2 years, suggesting inventory investment likely remained a drag on economic growth in the second quarter.

Published 13 Jul, 2016 12:00am

Maduro accuses Citibank of 'financial blockade'

Venezuelan President Nicolas Maduro has accused Citibank of mounting a "financial blockade" on the country after the US bank decided to close the government's international payments account with it. Citibank confirmed the move Tuesday, saying it made the

Published 13 Jul, 2016 12:00am

Currency

Brexit to curtail eurozone growth, impact hinging on politics

International institutions downgraded their outlooks for the eurozone economy on Tuesday following Britain's shock vote to leave the European Union but said the real impact of Brexit will hinge on how political leaders handle future talks with London.

Published 13 Jul, 2016 12:00am

Taylor Swift world's highest paid celebrity

At the tender age of 26, Taylor Swift is the world's highest-paid celebrity, pulling in a whopping $170 million over the past year, Forbes magazine said Monday. The pop diva's take from June 2015 to June 2016 is the highest total of her young career, the

Published 13 Jul, 2016 12:00am

JPMorgan Chase latest to hike wages for US workers

JPMorgan Chase announced Tuesday it will raise wages for 18,000 low-ranking US employees and said the private sector should do more to address income inequality. The biggest US bank by assets will lift over the next three years its minimum salary for Amer

Published 13 Jul, 2016 12:00am

Fed should hold on rates if Brexit vote hits growth: IMF

The IMF said Tuesday that the Federal Reserve should hold off on raising interest rates if Britain's vote to break with the European Union results in slower US growth. In its annual report on the US economy, the International Monetary Fund said it only ex

Published 13 Jul, 2016 12:00am

Taiwan stocks up

Taiwan stocks rose more than half a percent to a near four-month high on Tuesday, tracking gains on Wall Street and other regional bourses. As of 0201 GMT, the main TAIEX index was up 0.42 percent, or 36.87 points, at 8,823.34, after rising as much as 0.6

Published 13 Jul, 2016 12:00am

Tokyo shares jump on stimulus hopes

Tokyo shares on Tuesday closed just shy of their level before Britain's vote to leave the EU sent markets into a nosedive, while Nintendo surged almost 13 percent as its new smartphone game wins legions of fans. The benchmark Nikkei 225 closed up 2.46 per

Published 13 Jul, 2016 12:00am

Tuesday's early afternoon trade: S&P, Dow at record highs; Nasdaq turns positive for 2016

The S&P 500 and the Dow hit record intraday highs on Tuesday, while the Nasdaq turned positive for the first time this year, buoyed by rising prospects of global economic health and with Alcoa getting the US earnings season off to a promising start. The S

Published 13 Jul, 2016 12:00am

Strong economy, earnings bets propel S&P 500 to record high

The S&P 500 on Monday broke the record high it held for more than a year as upbeat economic data and low bond yields continued to funnel investors into US equities. Led by sectors seen thriving in an expanding economy, the benchmark closed at a record 2,1

Published 13 Jul, 2016 12:00am

Currency

Gulf bourses end higher on oil prices; profit-taking drags Egypt

Gulf bourses benefited from recovering oil prices to all close higher on Tuesday, although Egypt's exchange stumbled for a second day as investors took profits from a rally inspired by future currency devaluation speculation.

Published 13 Jul, 2016 12:00am

SE Asia stocks higher

Southeast Asian stocks closed higher on Tuesday, in line with Asian peers, as risk appetite improved after an overnight rally on Wall Street and as a new round of monetary easing from Japan raised expectations of more stimulus from global policy makers.

Published 13 Jul, 2016 12:00am

Treasury yields rise

US Treasury yields rose on Monday after Japan prepared a new round of stimulus, boosting stocks and reducing demand for safe-haven US bonds, and after the US government sold new three-year notes to tepid demand.

Published 13 Jul, 2016 12:00am

Treasury yields rise

Published 13 Jul, 2016 12:00am

China stocks soar

China stocks posted solid gains on Tuesday, shaking off a weak morning session as investors bought shares in the finance and manufacturing sectors.

Published 13 Jul, 2016 12:00am

Indian shares keep climbing

Indian shares gained for a second consecutive session on Tuesday, with the NSE index hitting its highest in nearly 11 months, on the back of encouraging US data and expectations of further monetary stimulus from global policymakers. The broader NSE index

Published 13 Jul, 2016 12:00am

European shares rise for 4th straight session

European shares rose on Tuesday, with Italian bank stocks outperforming on expectations of measures to tackle their bad debts, while better earnings also helped carmakers' shares. The pan-European STOXX Europe 600 index and the similar FTSEurofirst 300 in

Published 13 Jul, 2016 12:00am

Hong Kong shares up

Hong Kong shares finished up on Tuesday, joining a global equity rally after the US benchmark S&P 500 hit a new high overnight. The Hang Seng index rose 1.7 percent, to 21,224.74, while the China Enterprises Index gained 1.8 percent, to 8,855.31 points.

Published 13 Jul, 2016 12:00am

Australian shares rise, New Zealand at new record

Australian shares rose for a fourth straight session on Tuesday as investors cheered the end of political roadblocks in Britain and at home, while New Zealand stocks nudged further into record territory. The S&P/ASX 200 index climbed 0.3 percent, or 16.09

Published 13 Jul, 2016 12:00am

FTSE settles near 11-month high, mid-caps outperform

Britain's top share index settled near an 11-month high on Tuesday while mid-caps rose nearly 1 percent as political uncertainty eased following the news Theresa May will be the next prime minister. Gains in large-cap property-related stocks offset weakne

Published 13 Jul, 2016 12:00am

Five policemen, child hurt in Swat blast

At least five policemen and a child were received sustained injuries in a blast in Bahrain area of Swat on Tuesday. According to details, police van was in routine patrolling in the area when a remote-controlled bomb hit it in Bahrain area. The police van

Published 13 Jul, 2016 12:00am

Effective accountability mechanism vital for economic growth: NAB

Chairman, National Accountability Bureau (NAB), Qamar Zaman Chaudhry on Tuesday said an effective accountability mechanism is essential for economic growth, investment and stability of social order. The intervention by NAB has acted as a catalyst, as tran

Published 13 Jul, 2016 12:00am

AGP summons policy board's meeting on August 1

The Auditor General of Pakistan has called the first meeting of the policy board on August 1, 2016 to discuss wide-ranging reforms and policy for improved accountability and transparent governance. It may be recalled that in order to make the process of a

Published 13 Jul, 2016 12:00am

RECORDER REPORT

Governor Khyber Pakhtunkhwa Iqbal Zafar Jhagra on Tuesday visited to hospitals in Bara and Jamrud tehsils in Khyber Agency and inspected overall provision of facilities to poor patients at the health facilities.

Published 13 Jul, 2016 12:00am

MPA's fake degree case: D&S judge asked to conclude proceedings in two months

The Supreme Court on Tuesday asked the District & Session Judge Rawalpindi to conclude proceedings of fake degree case filed against Member Punjab Assembly (MPA) Raja Shoukat Aziz Bhatti in two months on day-to-day hearing basis.

Published 13 Jul, 2016 12:00am

Prayer leader killed

A prayer leader of a mosque located in Gulistan Jauhar was shot dead by armed men on Tuesday. According to reports, unidentified armed men entered the mosque and opened indiscriminate firing at the Imam. The Imam suffered grievous injuries and later died

Published 13 Jul, 2016 12:00am

Recovery of heroin: Parliamentary panel irked by slow process of investigation

A parliamentary panel on Tuesday expressed its displeasure over slow process of investigation into recovery of 28kg and 3kg of heroin from two different flights of Pakistan International Airlines (PIA) despite passage of so many months.

Published 13 Jul, 2016 12:00am

Government blamed for sluggish growth: leading economists fear deflation

Painting a gloomy picture of the country's economy, some leading economists feared that Pakistan has landed in deflation while others blamed the government for sluggish growth rate.

Published 13 Jul, 2016 12:00am

Public comments sought: SECP notifies draft Share Registrars & Balloters Regulations

The Securities and Exchange Commission of Pakistan (SECP) has notified the draft Share Registrars and Balloters Regulations, 2016, to obtain public opinion. The regulations shall be applicable to persons who provide services as share registrars and ballot

Published 13 Jul, 2016 12:00am

Sarhadi calls for introduction of 'automatic refund system'

Former senior vice president, Khyber Pakhtunkhwa Chamber of Commerce & Industry (KPCCI) and president, Frontier Customs Agents Group (FCAG), KP Zia-ul-Haq Sarhadi has called for introduction of automatic refund system to redress the complaints of business

Published 13 Jul, 2016 12:00am

Paktika, Paktia most volatile areas

The Haqqani network is still a major irritant and a source of mistrust between Pakistan and Afghanistan despite a full-scale across-the-board military operation Zarb-e-Azb against all militant groups in bordering areas.

Published 13 Jul, 2016 12:00am

Debt capital development: SECP proposes operational level body

The Securities and Exchange Commission of Pakistan (SECP) has proposed an operational level committee consisting of Pakistan Stock Exchange (PSX), banks, securities brokers and other stakeholders to identify bottlenecks and suggest measures for developmen

Published 13 Jul, 2016 12:00am

Revision of voters' lists: ECP to launch drive from Aug 1, NA body told

The Election Commission of Pakistan (ECP) has informed the National Assembly's Standing Committee on Parliamentary Affairs that the Commission would launch a campaign for revision of voter lists from August 1, 2016.

Published 13 Jul, 2016 12:00am

Warid Telecom chief meets Prime Minister

A delegation led by Sheikh Nahyan bin Mubarak Al Nahyan, Chairman of Warid Telecom International and chairman of the Abu Dhabi Group, Union National Bank, and United Bank Limited called on Prime Minister Nawaz Sharif at Raiwind on Tuesday morning.

Published 13 Jul, 2016 12:00am

Payment to farmers: sugar mill ordered to sell stock

A sugar mill has been told by the city's top court to sell its stock and then deposit the money with it to pay farmers who provided the mill with sugarcane.

Published 13 Jul, 2016 12:00am

US urges Pakistan, Afghanistan to eliminate terrorists safe havens

The United States has again repeated its stance that border region between Afghanistan and Pakistan is still a safe haven for many terrorist groups. State Department spokesperson John Kirby answering a question said the governments in Afghanistan and Paki

Published 13 Jul, 2016 12:00am

PA select panel approves criteria for selection of VCs

Chief Minister Khyber Pakhtunkhwa Pervez Khattak chaired a meeting of the select committee on universities (Amendment) Bill, 2016 here in the Provincial Assembly secretariat that approved the criteria for selection of the Vice Chancellors in all public se

Published 13 Jul, 2016 12:00am

Non-specialist readers: KP Finance Department publishes 'citizens' budget'

To ensure better service delivery, financial management & accountability, the provincial government, like in other sectors, also initiated significant reforms in Khyber Pakhtunkhwa Finance Department during the last three years.

Published 13 Jul, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 4	277.65
USD PKR Interbank Buying / Oct 4	277.45
USD to Japanese Yen / Oct 5	148.70
USD to Swiss Franc / Oct 5	0.86
Pound Sterling to USD / Oct 5	1.31
Euro to USD / Oct 5	1.10

Stock	Volume
S&P 500 / Oct 5	5,751.07
India Sensex / Oct 5	81,688.45
Tokyo Nikkei / Oct 5	38,635.62
Nasdaq / Oct 5	18,137.85
Hang Seng / Oct 5	22,736.87
FTSE 100 / Oct 5	8,280.63
Dow Jones / Oct 5	42,352.75
Germany DAX 30 / Oct 5	19,120.93

Item	Value
Crude Oil USD/Barrel / Oct 5	74.38
Karachi Cotton PKR/37.32 KG / Oct 5	18,285
Gold 10 Grams PKR / Oct 5	237,401.20
Gold Spot USD/Ounce / Oct 5	2,653.60
Cotton US¢/pound / Oct 5	73.27
Petrol/Litre / Oct 6	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 6 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 6 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 6 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 6 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 6 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 6 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 6 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 6 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 6 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 6 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 6 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 6 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 6 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 6 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 6 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 6 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 6 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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