News Archives for Print - 2016-07-15

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Print - 2016-07-15

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Thursday (July 14, 2016).

Published 15 Jul, 2016 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (July 14, 2016).

Published 15 Jul, 2016 12:00am

Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (July 14, 2016).

Published 15 Jul, 2016 12:00am

Currency

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (July 14, 2016).

Published 15 Jul, 2016 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (July 14, 2016).

Published 15 Jul, 2016 12:00am

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi

Published 15 Jul, 2016 12:00am

Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 15 Jul, 2016 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 15 Jul, 2016 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 15 Jul, 2016 12:00am

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 15 Jul, 2016 12:00am

US Plains HRW wheat bids steady

Hard red winter wheat spot basis bids in the southern US Plains held steady on Tuesday as futures inched higher in a quiet session, merchants said. Forecasts for warmer weather in parts of the US Plains underpinned futures prices, but the prospect of rain

Published 15 Jul, 2016 12:00am

Upward trend on grain market

An upward trend persisted on the wholesale grain market on Thursday in the process of moderate trading, dealers said. On the cereals side, Makai low type was unchanged at Rs 2250 while the best variety gained further by Rs 25 to Rs 2375, Gur low type was

Published 15 Jul, 2016 12:00am

US FOB Gulf soya premiums mostly firm

Export premiums for soyabeans shipped from the US Gulf Coast were mostly steady to firm on Tuesday as slow farmer sales lifted CIF barge basis values and exporters prepared for active export loadings later this month, traders said. Spot CIF soyabean basis

Published 15 Jul, 2016 12:00am

Canadian canola futures rise

ICE Canadian canola futures rose on Tuesday, taking strength from soybeans that climbed on forecasts for unfavorable hot US weather later in July. The US Department of Agriculture (USDA) report was not a major factor in oilseeds trading, an analyst said.

Published 15 Jul, 2016 12:00am

CBOT wheat futures higher

Chicago Board of Trade wheat futures closed higher Tuesday on bargain buying and fund short-covering after last week's multi-year lows, traders said. Commodity funds hold a large net short position in CBOT wheat futures, leaving the market vulnerable to b

Published 15 Jul, 2016 12:00am

Activity at Karachi & Qasim ports

The Karachi Port handled 146,908 tonnes of cargo comprising 132,147 tonnes of import cargo and 14,761 tonnes of export cargo including 4,416 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday The total import cargo of 13

Published 15 Jul, 2016 12:00am

Cotton

Oil cake market rates

The July contract was unchanged on the forward cottonseeds oilcake market on Thursday, dealers said. The July vaids closed at Rs 2051.00 on Tuesday and it commenced with no change in the wee hours, they added.

Published 15 Jul, 2016 12:00am

Cotton

Prices soar on reports of short supply

Prices maintained an upward journey on the cotton market on Thursday in the process of trading, dealers said. The official spot rate was higher by Rs 150 to Rs 6000, dealers said. In Sindh, seed cotton prices were at Rs 3000 and 3225, similarly, in Punjab

Published 15 Jul, 2016 12:00am

Cotton

Daily trading report of PMEX

On Wednesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 4,563 million and the number of lots traded was 13,471. PMEX Commodity Index closed at 2,946. Major business was contributed by gold amounting to PKR 1,947 million followed by curr

Published 15 Jul, 2016 12:00am

Cotton

Cotton prices continue to rise sharply

In line with the global trend of rapid rise of cotton prices, domestic lint prices for the incoming crop (2016/2017) are also moving up sharply in tandem. Lint prices in the domestic market have thus risen by Rs 200 to Rs 300 per maund (37.32 Kgs) within

Published 15 Jul, 2016 12:00am

Cotton

Cotton prices continue to rise sharply

Published 15 Jul, 2016 12:00am

'Leprechaun economics' leaves Irish growth story in limbo

A statistician's sleight of hand suggesting Ireland's economy ballooned by 26 percent last year has muddied assessments of its true health and provided a complex challenge for a government already wrestling with the consequences of Brexit. A swath of seco

Published 15 Jul, 2016 12:00am

Regulators seek to ease banking worries over money-laundering checks

International regulators will write new banking rules for checking whether a potential customer poses money-laundering or terrorist financing risks. The move is part of efforts by the world's central banks to stop cross-border banking from fragmenting und

Published 15 Jul, 2016 12:00am

Moscovici urges 'zero sanctions' for Portugal, Spain

European Commission economy chief Pierre Moscovici on Wednesday indicated he wants to see eurozone deficit miscreants Spain and Portugal escape sanctions. The EU on Tuesday threatened both countries with swingeing fines for failing to fix years of high de

Published 15 Jul, 2016 12:00am

Currency

Singapore Q2 GDP shows economy still under stress, may need more stimulus

Singapore's economy grew slower-than-expected in the second quarter on softer manufacturing and construction, keeping pressure on the central bank to further ease policy in the face of sluggish global demand and concerns over Brexit. The trade-reliant eco

Published 15 Jul, 2016 12:00am

BoK keeps interest rates on hold, trims growth, inflation forecasts

South Korea's central bank left rates unchanged as expected on Thursday, slightly downgrading its growth and inflation forecasts and propping the door open to further easing as it monitors the government's ongoing efforts to craft a supplementary budget.

Published 15 Jul, 2016 12:00am

California rejects VW plan to fix 3-liter diesel cars

California regulators on Wednesday rejected a plan by Volkswagen to fix some 16,000 diesel vehicles involved in the carmaker's costly emissions-cheating scandal. The measures proposed by Volkswagen for recalling its 3-liter diesel cars were "incomplete, s

Published 15 Jul, 2016 12:00am

Canada new housing prices grow at fastest pace in nearly 9 years

Canadian new home prices in May grew at their fastest pace in almost nine years, soaring 0.7 percent from April on strength in the booming markets of Toronto and Vancouver, Statistics Canada said on Thursday. Analysts polled by Reuters had predicted a 0.2

Published 15 Jul, 2016 12:00am

Friends from high places: banks lure world leaders as advisers

It's good to have friends from high places, and banks are luring former world leaders and past central bank chiefs as advisers to give them an edge in a difficult landscape. Banks and investment firms have more than 30 advisers who in the past sat at the

Published 15 Jul, 2016 12:00am

No chance Japan will adopt 'helicopter money' soon

There is no chance Japan will resort to "helicopter money," a policy in which the central bank indefinitely finances fiscal spending through perpetual bonds, any time soon, government and central bank officials directly involved in policymaking said. The

Published 15 Jul, 2016 12:00am

'Too early to sound all clear' on Brexit: Fed official

Britain's vote to exit the European Union has raised a cloud of uncertainty that could prove a headwind against the US economy, a senior Federal Reserve official said Thursday.Dennis Lockhart, president of the Atlanta Fed, noted the surprise Brexit decisi

Published 15 Jul, 2016 12:00am

US jobs, inflation data point to sustained economic strength

The number of Americans filing for unemployment benefits unexpectedly held steady near a 43-year low last week, pointing to further momentum in the labour market after job growth surged in June. Another report on Thursday showed producer prices recorded t

Published 15 Jul, 2016 12:00am

China to create more than 50 million new urban jobs by 2020

China will create more than 50 million new urban jobs between 2016 and 2020, the country's human resources ministry said on Thursday. In the ministry's 13th five-year plan, it said in a statement on its website that China will keep urban registered unempl

Published 15 Jul, 2016 12:00am

China likely hacked US bank regulator

The Chinese government is believed to have infiltrated computers belonging to a US banking regulator, which employees then tried to cover up, a Congressional report released Wednesday said. The computer system at the Federal Deposit Insurance Corporation

Published 15 Jul, 2016 12:00am

Delta to cut flights to Britain

Delta Air Lines said Thursday it will cut back flights serving Britain this year in the wake of the country's vote to pull out of the European Union. Delta said it plans to reduce capacity on service between the US and Britain by six percent this winter,

Published 15 Jul, 2016 12:00am

Brexit questions linger as J.P Morgan reports solid earnings

J.P. Morgan Chase said Thursday it is too soon to know if it will shift its European headquarters out from London after Britain's break with the EU, as it reported solid second-quarter earnings. The June 23 vote by Britain to leave the European Union gave

Published 15 Jul, 2016 12:00am

Brexit questions linger as J.P Morgan reports solid earnings

Published 15 Jul, 2016 12:00am

Australia posts a welcome jump in full-time jobs

Australian employment rose only modestly in June while the unemployment rate ticked up to 5.8 percent, yet a sharp jump in full-time jobs was welcomed by investors who nudged the local dollar higher. Thursday's data from the Australian Bureau of Statistic

Published 15 Jul, 2016 12:00am

UBS retains positions as world's biggest private bank

UBS kept its ranking as the world's biggest private bank last year, a study by wealth management researcher Scorpio Partnership showed on Thursday. With $1,737.5 billion of assets under management, UBS retained its highly-prized first place in 2015, stayi

Published 15 Jul, 2016 12:00am

Gulf markets hold steady amid low oil prices

Gulf markets were mixed on Thursday as investors treaded with caution after oil prices dropped the day before, dampening sentiment for riskier asset classes. Uncertainty weighed on regional stocks in the hours before the Bank of England's first policy mee

Published 15 Jul, 2016 12:00am

Southeast Asian stocks largely lower

Southeast Asian stock markets largely closed lower on Thursday ahead of a policy meeting by the Bank of England later in the day where it is expected to cut rates to ward off the risk of a recession following Britain's vote to leave the European Union. Mo

Published 15 Jul, 2016 12:00am

Thursday's early afternoon trade: J.P. Morgan-powered rally pushes S&P, Dow to new highs

The benchmark S&P 500 and the Dow scaled new highs yet again as J.P. Morgan's strong results on Thursday set an upbeat mood for earnings and spurred a rally in financial stocks. J.P. Morgan, the biggest US bank by assets and the first among its peers to i

Published 15 Jul, 2016 12:00am

Wall Street ticks up to extend record streak

US stocks ticked up on Wednesday, just enough for the S&P 500 and Dow industrials to set record highs, with investors expecting upbeat earnings to keep the rally going. Following three days of strong gains on the back of economic data, focus has turned to

Published 15 Jul, 2016 12:00am

Sri Lankan shares flat

Sri Lankan shares ended steady on Thursday, after it hit a near three-week closing high in the previous session, as investors sold blue chip shares such as Ceylon Tobacco Company Plc and John Keells Holdings Plc. The benchmark Colombo stock index ended do

Published 15 Jul, 2016 12:00am

Treasury prices gain

US Treasury prices gained on Wednesday after a two-day selloff raised yields enough to lure buyers, and also helped the US government sell long-dated debt to strong demand. Bonds had weakened this week as risk appetite surged on expectations of new stimul

Published 15 Jul, 2016 12:00am

Treasury prices gain

Published 15 Jul, 2016 12:00am

Hong Kong shares rise

Hong Kong shares finished up on Thursday, following other Asian bourses higher, on hopes the Bank of England will cut rates to ward off a possible recession that could impact some Hong Kong companies. The Hang Seng index rose 1.1 percent, to 21,561.06. Th

Published 15 Jul, 2016 12:00am

China stocks lower

China stocks slipped on Thursday as investors sold metals, mining and materials shares following weak trade data. June imports fell 8.4 percent from a year earlier, much worse than analysts' forecasts, according to data released after the market close on

Published 15 Jul, 2016 12:00am

Nintendo soars on Pokemon as Tokyo stocks rally

Japanese gaming giant Nintendo soared again Thursday, taking a week-long rally to 75 percent as investors ride the coattails of the Pokemon Go phenomenon sweeping the planet. The scorching performance helped propel the broader Nikkei stock index almost on

Published 15 Jul, 2016 12:00am

European shares ease from three-week highs

European shares slipped from a three-week high on Thursday after the Bank of England surprised investors by keeping interest rates on hold. The pan-European STOXX Europe 600 and the FTSEurofirst 300 indexes were both up 0.8 and 0.9 percent respectively at

Published 15 Jul, 2016 12:00am

Australian shares rise

Australian shares rose for a sixth straight session on Thursday, as expectations of further easings by global central banks underpinned the financial sector. The S&P/ASX 200 index topped out at 5,416 points intraday, the highest since May 27, before closi

Published 15 Jul, 2016 12:00am

Indian shares higher

India's NSE index hit its highest in more than 11 months on Thursday tracking rising global markets, although broader gains were capped ahead of quarterly earnings and an expected government announcement about the next central bank chief. The broader NSE

Published 15 Jul, 2016 12:00am

FTSE retreats from 11-month high after BoE holds rates

Britain's top shares index fell back from an 11-month high and underperformed other European indexes on Thursday after the Bank of England dashed hopes of an interest rate cut, hitting stocks sensitive to sterling strength and housebuilders. The blue-chip

Published 15 Jul, 2016 12:00am

Currency

Yen slips in Asia

The yen slipped to a three-week low on Thursday on speculation of more stimulus from Tokyo, while sterling ticked up ahead of a Bank of England meeting that is expected to deliver a rate cut to blunt the economic fallout of Britain's vote to exit the Euro

Published 15 Jul, 2016 12:00am

Currency

Yen sinks across the board in Europe

The yen sank across the board on Thursday as the upbeat mood on global stock markets stretched into a sixth day and media reports stoked speculation the Bank of Japan could take steps to fund government spending directly. Sterling made solid gains against

Published 15 Jul, 2016 12:00am

Currency

Early trade in New York: yen slips, sterling surges

The dollar rose to near a three-week high against the yen on Thursday, as a surprise decision from the Bank of England and expectations of stimulus from the Bank of Japan returned risk appetite to markets. The Bank of England announced it would not provid

Published 15 Jul, 2016 12:00am

Currency

Dollar falls against safe havens in New York

The US dollar fell on Wednesday as risk appetite receded after big moves earlier in the week and following the Bank of Canada's decision to hold interest rates steady, which may provide clues about future central bank action. The dollar slipped against th

Published 15 Jul, 2016 12:00am

Bangladesh's interbank forex rates

Inter-bank buy/sell rates for the taka against the dollar on Thursday. 78.40-78.40 (previous 78.40-78.40).

Published 15 Jul, 2016 12:00am

Currency

Sri Lankan rupee down

The Sri Lankan rupee ended slightly weaker as dollar demand by importers late in the day outpaced selling of the US currency by foreign banks amid hopes the rupee would rise following $1.5 billion in inflows from a sovereign bond issue, dealers said.

Published 15 Jul, 2016 12:00am

Currency

BoE stimulus views lift Asia FX

Most emerging Asian currencies extended gains on Thursday on expectations that the Bank of England will cut interest rates later in the day, joining a fresh global wave of stimulus and further improving investors' appetite for riskier assets. Malaysia's r

Published 15 Jul, 2016 12:00am

Sterling trims gains

Sterling eased from a two-week high and British stocks traded just below 11-month highs on Thursday on expectations that the Bank of England will ease policy soon after surprising many in the markets earlier by leaving interest rates unchanged. Eight out

Published 15 Jul, 2016 12:00am

Aussie up, kiwi slips

The Australian dollar inched higher on Thursday after domestic data showed an encouraging jump in full-time jobs, while its New Zealand neighbour slipped on revived speculation of an interest rate cut. The Australian dollar was up at $0.7616, from $0.7590

Published 15 Jul, 2016 12:00am

Rosol, Tsonga to open Czechs v France Davis Cup tie

French number one Jo-Wilfried Tsonga will take on the Czech Republic's number two Lukas Rosol in the opening rubber of the Davis Cup World Group quarter-final tie following Thursday's draw. The 10th-ranked Tsonga will face 78th-ranked Rosol on the hardcou

Published 15 Jul, 2016 12:00am

Brazilian defender gets Russian citizenship

CSKA Moscow's Brazilian right-back Mario Fernandes will be able to play for Russia after he was just the latest foreign player to be granted citizenship, a presidential decree published Wednesday said. The 25-year-old defender, who has won three Russian P

Published 15 Jul, 2016 12:00am

France informed of planned terror attack on Rio team

France was informed of a planned terror attack on its team at the Rio Olympics, according to the head of military intelligence cited in an official document. The plans were revealed by General Christophe Gomart, head of the Directorate of Military Intelli

Published 15 Jul, 2016 12:00am

Italian sports agent charged with doping in Kenya

Italian sports agent Federico Rosa, who managed disgraced former marathon star Rita Jeptoo, was on Thursday charged in a Kenya court with doping offences. Rosa, 30, a director of Italy-based sports management company Rosa and Associati, denied six counts

Published 15 Jul, 2016 12:00am

Spain's triathlon world champion out of Rio

Spain's five-time world triathlon champion Javier Gomez has fractured his left arm in a cycling accident forcing him out of the Olympic Games. The silver medal winner at London 2012 crashed in training on Wednesday and requires surgery on his broken arm.

Published 15 Jul, 2016 12:00am

McIlroy settles for 'solid start' at Troon

Rory McIlroy sits in a good position after his opening round at the British Open, a two-under-par 69 in largely benign conditions in Troon keeping him in touch with the early leaders. The Ulsterman was one of numerous players who enjoyed an excellent star

Published 15 Jul, 2016 12:00am

Conte hopes to light a fire under the Premier League

Antonio Conte says he hopes Chelsea under his stewardship will light up the Premier League title race this season. The 46-year-old - who guided Italy to the quarter-finals of Euro 2016 only losing on penalties to world champions Germany - said Chelsea may

Published 15 Jul, 2016 12:00am

ICC wary of fixing life-bans

International Cricket Council chief executive David Richardson poured cold water on suggestions match-fixers should face mandatory life-bans as Pakistan's Mohammad Aamir made his Test return at Lord's on Thursday. Richardson also said the withdrawal of so

Published 15 Jul, 2016 12:00am

'Passionate' Pacquiao eyes comeback

Filipino boxing hero Manny Pacquiao has declared he still has the passion for the sport and may come out of retirement, although there are no plans for a fight this year. Pacquiao, 37, a newly elected senator in the Philippines, told AFP on Wednesday nigh

Published 15 Jul, 2016 12:00am

Work on 2018 World Cup venue halted over dispute

A dispute with local authorities has frozen building work on one of the venues for the 2018 World Cup in Russia's second city Saint Petersburg, the firm overseeing the construction said Thursday. Inzhtransstroy-SPB, which is building the new 68,000-seat s

Published 15 Jul, 2016 12:00am

Misbah becomes oldest Test centurion in 82 years

Pakistan captain Misbah-ul-Haq became the oldest player to score a Test century for 82 years when he reached three figures against England at Lord's on Thursday and celebrated by performing an impressive series of press-ups. Pakistan were 282 for six afte

Published 15 Jul, 2016 12:00am

Fire kills eight at South African orphanage

A pre-dawn blaze killed eight people, mostly children, at an orphanage in the South African coastal city of Durban on Thursday, emergency services said. Six of the victims were children, with the youngest just eight years old. "We responded to the fire at

Published 15 Jul, 2016 12:00am

India firm gifts Trump 6,000 tea bags to cleanse his soul

An Indian company Thursday said it had sent 6,000 green tea bags to White House hopeful Donald Trump, believing they would help him to become "smarter" and cleanse his soul. The unusual gift - which equals four years supply if drunk four times a day - was

Published 15 Jul, 2016 12:00am

Supreme Court judge sorry for branding Trump a 'faker'

US Supreme Court Justice Ruth Bader Ginsburg apologised Thursday for publicly disparaging Donald Trump as a phoney with a big ego. The left-leaning 83-year-old judge shocked the US political establishment with her remarks: on Monday she called Trump "a fa

Published 15 Jul, 2016 12:00am

Resurgent Trump makes GOP convention a family affair

Donald Trump's vexed presidential campaign got a shot in the arm Thursday as a poll put him level with Hillary Clinton, vice presidential speculation mounted and he unveiled a family-dominated convention line-up. After months of rocky sailing, Trump heads

Published 15 Jul, 2016 12:00am

Cameroon violating rights in Boko Haram fight: Amnesty

Arbitrary arrests and prisoners dying from disease, malnutrition and torture - Amnesty International accused Cameroon of rights abuse during its battle to clear the far north of Nigeria's Boko Haram Islamists. "In seeking to protect its population from th

Published 15 Jul, 2016 12:00am

Rights group slams Afghan child labour

Afghanistan is failing to protect tens of thousands of children, some as young as five, from hazardous jobs that are prohibited by its own laws, a HRW report published Thursday said. The 31-page report titled "They Bear All the Pain: Hazardous Child Labou

Published 15 Jul, 2016 12:00am

Kuwait sets minimum wage for maids in first for Gulf

Kuwait has set a minimum wage for its hundreds of thousands of mostly Asian domestic workers, in a first for Gulf states which have come under widespread accusations of abuse. A decree issued by Interior Minister Sheikh Mohammad Khaled Al-Sabah set the mi

Published 15 Jul, 2016 12:00am

Austria jihad recruiter sentenced to 20 years

A Muslim preacher at the centre of an Austrian jihad propaganda network was sentenced to 20 years in jail Wednesday for recruiting young fighters to the Islamic State group. The 34-year-old "brainwashed" dozens of people aged between 14 and 30, according

Published 15 Jul, 2016 12:00am

Tropical storm kills 69 in China

A tropical storm in China has left 69 people dead, reports said Thursday, after it lashed Taiwan with typhoon-grade winds and rain. Super Typhoon Nepartak brought chaos to Taiwan last week, forcing more than 15,000 people to flee their homes as part of th

Published 15 Jul, 2016 12:00am

UN sees evidence of possible war crimes in Ukraine

The United Nations on Thursday said Ukraine's forces had indiscriminately shelled residents while pro-Russian insurgents and Kiev battalions had summarily killed civilians in what may have constituted "war crimes". The United Nations High Commissioner for

Published 15 Jul, 2016 12:00am

Oldest Egyptian writing on papyrus displayed for first time

The Egyptian Museum in Cairo is showcasing for the first time the earliest writing from ancient Egypt found on papyrus, detailing work on the Great Pyramid of Giza, antiquities officials said Thursday. The papyri were discovered near Wadi el-Jarf port, 25

Published 15 Jul, 2016 12:00am

May stamps her mark on new Brexit cabinet

British Prime Minister Theresa May completed a major overhaul of the government Thursday, promoting leading Brexit campaigners and stunning observers by picking gaffe-prone Boris Johnson as her top diplomat. After six years as interior minister under Davi

Published 15 Jul, 2016 12:00am

Ugandan army enters South Sudan to evacuate citizens

A heavily-armed Ugandan military convoy crossed into South Sudan on Thursday to evacuate citizens trapped in the capital Juba as fears persist that days of fierce fighting might reignite despite a cease-fire. The United Nations has warned of tension and t

Published 15 Jul, 2016 12:00am

El Salvador throws out civil war amnesty law

The Supreme Court in El Salvador has declared unconstitutional an amnesty law that protected perpetrators of crimes committed during the country's 1980-1992 civil war. The decision, announced Wednesday, could open the way for prosecutions and lawsuits rel

Published 15 Jul, 2016 12:00am

Cyprus slashes compulsory army service

The Cyprus parliament on Thursday approved legislation slashing military service for conscripts from 24 months to 14 months, in the biggest reform of the Greek Cypriot army in decades. New conscripts to the National Guard will serve for 14 months, while t

Published 15 Jul, 2016 12:00am

'Telenor will create a digital ecosystem in Pakistan,' says President and CEO, Telenor Group

Sigve Brekke, the President & CEO of Telenor Group since August 2015 visited Pakistan last month. Mr Brekke has been with the Telenor Group for nearly two decades, having served in various leadership positions. Prior to joining Telenor, he served as the S

Published 15 Jul, 2016 12:00am

'Telenor will create a digital ecosystem in Pakistan,' says President and CEO, Telenor Group

Published 15 Jul, 2016 12:00am

Annual budgets of LDA, WASA, TEPA approved

The Governing Body of Lahore Development Authority approved annual budgets of LDA and its subordinate agencies Water and Sanitation Agency (WASA) and Traffic Engineering Planning Agency (TEPA), for the fiscal year 2016-17, here, Thursday. Total resources

Published 15 Jul, 2016 12:00am

Annual budgets of LDA, WASA, TEPA approved

Published 15 Jul, 2016 12:00am

New Economic City: project to be island of economic transformation: PCJCCI chief

President of Pak-China Joint Chamber of Commerce and Industry (PCJCCI) Shah Faisal Afridi has said that the proposed "New Economic City" project would prove to be the island of economic transformation if executed in true spirit. He stated this while speak

Published 15 Jul, 2016 12:00am

LCCI urges government to withdraw amendment in Finance Act 2016

The Lahore Chamber of Commerce and Industry has urged the government to withdraw amendment in Finance Act 2016 to change the definition of input tax to exclude sales tax paid under the provincial laws.

Published 15 Jul, 2016 12:00am

NASC to be named after Edhi

The University of Health Sciences (UHS) and National Ambulance Services College (NASC), Dublin, Ireland, have agreed to name Pakistan's first National Ambulance Services College after Abdul Sattar Edhi. The college is currently functioning under UHS Insti

Published 15 Jul, 2016 12:00am

Rehabilitation centres to be set up at divisional level

On the direction of Chief Minister Punjab Shehbaz Sharif, it has been decided to establish rehabilitation centres for disabled persons at divisional level in the province. Three centres at Sargodha, Rawalpindi and Bahawalpur would be set up during the cur

Published 15 Jul, 2016 12:00am

Punjab introduces law banning employment of children

Punjab government has banned employment of children and restricted the recruitment of adolescents (15 to 18 years of age), for hazardous occupations and processes through "the Punjab Restriction on Employment of Children Ordinance, 2016" promulgated by or

Published 15 Jul, 2016 12:00am

Shia pilgrims: Ministry yet to file its response

The Religious Affairs Ministry is yet to file its response following a petition claiming Shia pilgrims applying for Hajj are subject to discrimination. The petition was filed by Syed Ali Hadi who had accused the ministry of committing contempt of court by

Published 15 Jul, 2016 12:00am

Partly Facetious: Legendary magicians

"I hereby declare Jati Umra as Little London."

Published 15 Jul, 2016 12:00am

Wanted terrorist arrested

Counter Terrorism Department (CTD) on Thursday claimed to have arrested a wanted terrorist associated with a banned outfit from Nasir Bagh area of Peshawar. According to reports, personnel of CTD conducted a raid after information received from secret age

Published 15 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 7	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 7 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 7 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 7 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 7 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 7 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 7 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 7 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 7 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 7 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 7 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 7 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 7 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 7 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 7 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 7 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 7 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 7 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 7 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 7 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 7 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 7 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 7 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 7 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 7 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 7 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 7 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 7 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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