News Archives for Print - 2016-08-24

Print - 2016-08-24

First ODI in Southampton today: Azhar hopes Pakistan transfer Test form into England ODIs

Pakistan one-day captain Azhar Ali wants to see the team take the form that had made them the world's number one-ranked Test side into their one-day series against England.

Published 24 Aug, 2016 12:00am

Nisar asks DG Rangers to ensure security of media houses in Karachi

Minister for Interior Chaudhry Nisar Ali Khan Tuesday asked Director General Rangers Sindh Major General Bilal Akbar to ensure security of all media houses in collaboration with Police in Karachi. The minister phoned the DG and expressed satisfaction on t

Published 24 Aug, 2016 12:00am

Senate body condemns Altaf's statement

The Senate Standing Committee on Interior and Narcotics Control on Tuesday strongly condemned the provocative anti-Pakistan statement of Muttahida Quami Movement (MQM) chief Altaf Hussain and demanded a strict action against people involved in attacks on

Published 24 Aug, 2016 12:00am

Government asked to bring PMD under Ministry of Climate Change

A parliamentary committee has jointly recommended the government to bring Pakistan Metrological Department (PMD) under the Ministry of Climate Change for better co-ordination with other stakeholders. Senate Standing Committee on Climate Change was held on

Published 24 Aug, 2016 12:00am

PSP raises Pakistani flag at Mukka Chowk

Workers of the Muttahida Qaumi Movement (MQM) and Pak Sarzameen Party (PSP) came face to face at Karachi's famous Mukka Chowk early on Tuesday morning after the latter's activists arrived there to erect party flags. PSP workers reached Mukka Chowk, a land

Published 24 Aug, 2016 12:00am

Haseeb disassociates from MQM

Abdul Haseeb Khan has announced his complete disassociation from Muttahida Qaumi Movement (MQM) following the anti-Pakistan slogans by MQM Chief Altaf Hussain during a telephonic address to party workers. He said that he had already resigned from MQM abou

Published 24 Aug, 2016 12:00am

Punjab Assembly condemns Altaf's speech

Punjab Assembly in its session on Tuesday passed a resolution condemning a speech of MQM chief Altaf Hussain in which he used objectionable remarks about Pakistan. The resolution termed his speech derogatory to the country and asked to declare him traitor

Published 24 Aug, 2016 12:00am

Obama defends Louisiana flood response

After a much-criticised delay, President Barack Obama visited flood-stricken Louisiana Tuesday, defending his administration's response and urging citizens to pitch in and help ravaged communities. Obama - decked out in hiking boots and with shirt sleeves

Published 24 Aug, 2016 12:00am

Dutch general to report on UN response to South Sudan attacks

A retired Dutch general will lead an independent investigation to establish whether UN peacekeepers failed to protect civilians during heavy fighting in South Sudan's capital last month, the UN announced Tuesday. Major General Patrick Cammaert will presen

Published 24 Aug, 2016 12:00am

France sued over control of Titanic artifacts

The bankrupt US company that controls thousands of artifacts salvaged from the ill-starred Titanic has sued the French government to be allowed to sell some of them. Premier Exhibitions filed the suit in a Florida federal bankruptcy court to press the Fre

Published 24 Aug, 2016 12:00am

Quota of women judges in SCP: Parliamentary panel rejects private member's bill

A parliamentary panel on Tuesday rejected a private member's bill, seeking a 33 percent quota of women judges in Supreme Court through an amendment of Supreme Court (number of judges) Act, 1997. The Senate Standing Committee on Law and Justice that met he

Published 24 Aug, 2016 12:00am

FBR using EPARS to credit refunds into bank accounts

The Federal Board of Revenue (FBR) is equipped with necessary infrastructure to implement the directives of Prime Minister Nawaz Sharif to directly credit refunds into bank accounts of the taxpayers using Electronic Payment and Refunds (EPARS). Experts sa

Published 24 Aug, 2016 12:00am

Social & health sectors Regional cooperation to benefit 1.75 billion people: Ahsan

Federal Minister for Planning and Development and Reform Ahsan Iqbal has said that due to poor social and health indicators South Asia region is lagging behind the rest of the world and to put the region on the path of social/economic development, regiona

Published 24 Aug, 2016 12:00am

Punjab government closes MQM's offices

The Punjab government closed all offices of MQM, removed pictures of Altaf Hussain and banners of the party across the province yesterday. In the provincial capital, a strong contingent of police cordoned off MQM building in Muslim Town, sealed the office

Published 24 Aug, 2016 12:00am

Ministers criticise attack on media houses

Attack on media houses and media personnel is an attack on Sindh and Pakistan as well because Media is the beauty of democracy, as unless the journalism is strong, the democracy can not flourish in the country. These views were expressed by Sindh Minister

Published 24 Aug, 2016 12:00am

PDA employees: bureaucracy manipulates plot allotment rules

Unbridled bureaucracy manipulated rules for the allotment of plots to employees of Peshawar Development Authority (PDA) in their favour to get precious residential plots in Hayatabad Township of the provincial metropolis. The criteria for the allotment of

Published 24 Aug, 2016 12:00am

PML-F MPA Imtiaz Shaikh formally joins PPP

The PML-F MPA and bureaucrat-turned senior politician Imtiaz Shaikh formally joined Pakistan People's Party (PPP) in an impressive ceremony held at the CM House on Tuesday. Imtiaz Shaikh, a PML-F MPA from Shikarpur formally announced to resign from the ba

Published 24 Aug, 2016 12:00am

'Responsible banking conduct vital for sustainable growth'

Deputy Governor, State Bank of Pakistan, Saeed Ahmad has called for a cultural transformation in banks to ensure responsible banking conduct as a prerequisite of persistent inclusive growth. Ahmad was giving his inaugural address in a seminar titled, "Res

Published 24 Aug, 2016 12:00am

SUOF calls peaceful protest movement for acceptance of demands

The universities' officers on Tuesday have continued their peaceful protest movement on the call of Sindh Universities Officers Federation (SUOF) for the acceptance of their demands which included removal of teachers and retired officers from the administ

Published 24 Aug, 2016 12:00am

KP PAC directs E&T Department for recovery of property tax

The Khyber Pakhtunkhwa Assembly Public Accounts Committee (PAC) Tuesday directed Excise & Taxation Department for the recovery of Rs 15 million in head of property tax within a period of two months and deposits it in the provincial exchequer.

Published 24 Aug, 2016 12:00am

Barrister Saif distances himself from Altaf's statement

Muttahida Qaumi Movement (MQM) leader Barrister Muhammad Ali Saif in a statement issued on Tuesday said there was no option left but to distance himself from MQM chief Altaf Hussain, whose inflammatory speech on Monday incited party workers to attack medi

Published 24 Aug, 2016 12:00am

ECP issues notice to Imran for violating code of conduct

The Election Commission of Pakistan (ECP) on Tuesday issued notice to Pakistan Tehreek-e-Insaf chief Imran Khan for violation of its code of conduct ahead of a rally planned in Pind Dadan Khan (Jhelum-II). The ECP in its notice has said that mass rallies

Published 24 Aug, 2016 12:00am

EFU Life Assurance approves half year accounts

The Board of Directors of the Company approved the Half Year accounts of the company for the period ended 30 June, 2016. The after tax profit of the Company was Rs 693 million as against Rs 702 million for the corresponding period last year. The Board dec

Published 24 Aug, 2016 12:00am

ADR Center will be established in Lahore: CJ LHC

The Lahore High Court Chief Justice Syed Mansoor Ali Shah has said an Alternate Dispute Resolution (ADR) Center will be soon established in Lahore. The CJ was addressing a delegation of Pakistan Mediation Association (PMA) here Tuesday. ADR centers will b

Published 24 Aug, 2016 12:00am

Anti-Pakistan remarks: Muhajirs must dissociate themselves from Altaf: Imran

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Tuesday lambasted Muttahida Qaumi Movement (MQM) chief Altaf Hussain for his anti-Pakistan remarks, saying even Indian Prime Minister Narendra Modi did not use such language against Pakistan. Speaking

Published 24 Aug, 2016 12:00am

Small cities, towns: SECP advises Modarabas to increase outreach

SECP chairman, Zafar Hijazi, has appreciated the role of Modarabas in providing Islamic financial products and services to the masses and advised them to increase their outreach to the smaller cities and towns for greater financial inclusion. He was talki

Published 24 Aug, 2016 12:00am

Congo virus prevention: KP Livestock department establishes 130 checkposts

The Livestock Department of Khyber Pakhtunkhwa has established 130 check posts across the province for prevention of Congo virus where 529 employees have been deployed for conducting spray in cattle markets and cattle pen. The Livestock Department of Khyb

Published 24 Aug, 2016 12:00am

ATS not acquiring Engro's chemical subsidiary

ATS Synthetic (Pvt) Limited is withdrawing its Public Announcement of Intention (PAoI) to acquire 56.19 percent ordinary shares of Engro Polymer and Chemicals Limited held by Engro Corporation. Under Regulation 8(1) of the Listed Companies (Substantial Ac

Published 24 Aug, 2016 12:00am

Electronic I-Form: LCCI for deferring implementation

The Lahore Chamber of Commerce and Industry has urged the Federal Finance Ishaq Dar and Governor State Bank of Pakistan Ashraf Mahmood Wathra to defer the implementation of Electronic I-Form till January 2017; as stakeholders have no know-how about this n

Published 24 Aug, 2016 12:00am

SC's suo motu action: eight petitioners seek to become party to NAB case

Eight petitioners Tuesday urged the Supreme Court to allow them to become party in a suo motu action against illegalities, contraventions & violations in appointments within the National Accountability Bureau (NAB). On August 17, taking a suo motu notice

Published 24 Aug, 2016 12:00am

Body formed to finalise Representation of the People (Amendment) Bill

Senate Standing Committee on Parliamentary Affairs has constituted a Sub-Committee to further discuss and finalise "The Representation of the People (Amendment) Bill, 2016" and submit its report within 15 days. The committee met with Senator Saeed Ghani i

Published 24 Aug, 2016 12:00am

Recovery of missing children: Shahbaz expresses satisfaction over efforts

Punjab Chief Minister Muhammad Shahbaz Sharif presided over a meeting of steering committee on missing children, here Tuesday. The Chief Minister expressed satisfaction over the efforts for the recovery or return of missing children to their homes and sai

Published 24 Aug, 2016 12:00am

Government expands glacier monitoring in effort to cut disaster risk

Government will invest $8.5 million to expand a network of glacier monitoring stations tracking the pace of glacial melt in the Hindu Kush, Karakoram and Himalayan mountain ranges, in an effort to strengthen early warning systems and reduce the impact of

Published 24 Aug, 2016 12:00am

Partly Facetious: The three Es

"I was amazed at what happened in Karachi."

Published 24 Aug, 2016 12:00am

PBIF chief voices concern over low agriculture output

President of Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has expressed concern over low agricultural output despite improved loans by the banks. Banks distributed Rs 598.3 billion to the Agricultural sector in 2015-16 against t

Published 24 Aug, 2016 12:00am

KCCI's grievances: governor Punjab to apprise Prime Minister

Governor Punjab Malik Muhammad Rafique Rajwana has assured the business community to bring all issues highlighted by Karachi Chamber of Commerce (KCCI) and Industry to the notice of Prime Minister Nawaz Sharif, Finance Minister Ishaq Dar and other decisio

Published 24 Aug, 2016 12:00am

US Consul General inaugurates USAID School in Khairpur

US Consul General Brian Heath and Sindh Education Minister Jam Mahtab Hussain Dahar inaugurated a state-of-the-art school in Kolab Jial, Khairpur. The US Agency for International Development (USAID) provided funding for the school's construction as part o

Published 24 Aug, 2016 12:00am

Hamdard Naunehal Assembly held

A function of Hamdard Naunehal Assembly Karachi chapter, comprised speeches, national songs, tableaus and dua-i-Said, held recently on the theme: "Freedom ought to be guided by wisdom and intellect (Saying of Hakim Said)" at a local hotel. Sadia Rashid, P

Published 24 Aug, 2016 12:00am

Industrial infrastructure: Karachi Industrial Forum seeks Rs 100 billion package

The city industrialists on Tuesday expressed displeasure over the deterioration of industrial infrastructure and requested Prime Minister Nawaz Sharif to announce Rs 100 billion packages to rebuild the industrial infrastructure of the metropolis.

Published 24 Aug, 2016 12:00am

A note on the Limited Liability Partnership Act, 2016

Chartered Accountants General Limited Liability Partnership Act, 2016 has been introduced in the National Assembly to make provisions for the incorporation, regulation and winding up of Limited Liability Partnerships (LLP). LLP is a form of organisation t

Published 24 Aug, 2016 12:00am

Bohra Jamaat delegation calls on President

President Mamnoon Hussain Tuesday said the government was making efforts to maintain environment of fraternity and peace among followers of all sects in the country. He, however, emphasised that the role of Ulema and religious scholars was very crucial in

Published 24 Aug, 2016 12:00am

China's Hubei province: Pakistan donates 10,000 tons of rice to flooded areas

The first batch of rice donated by Pakistan to flood-stricken areas in central China's Hubei province arrived at Wuhan Tianhe Airport on August 22. Hubei provincial government held a handover ceremony at the airport for the first 22 tons of rice. Accordin

Published 24 Aug, 2016 12:00am

Bid to give boost to Shipping Industry: Up to 25-year extension in duty, tax waivers recommended

In a bid to give boost to the Shipping Industry in Pakistan, a Parliamentary Panel on Tuesday recommended the government to give up to 25 years extension in customs duty and sales tax waivers. National Assembly's Standing Committee on Ports and Shipping m

Published 24 Aug, 2016 12:00am

QWP condemns attack on media houses in Karachi

District general secretary of Qaumi Watan Party (QWP), Ijaz Hoti advocate on Tuesday strongly condemned attack on media houses in Karachi by the Muttahida Quami Movement (MQM), activists and declared it a shameful act. "Government should ban MQM immediate

Published 24 Aug, 2016 12:00am

Imports of machinery group up 37.5 percent in July

Imports of machinery group have increased by 37.50 percent in July 2016 as compared to the same month of last fiscal year largely because of increase in import of machinery for power generation, according to Pakistan Bureau of Statistics.

Published 24 Aug, 2016 12:00am

Islamabad Police review security measures around media houses

Islamabad police have reviewed security measures around media outlets to avoid any untoward incident and discussed with administration of media houses for further improvement in it. Following directions of Senior Superintendent of Police (Operations) Saji

Published 24 Aug, 2016 12:00am

Commercial imports: FBR arm seeking legal opinion on LNG levy

The Directorate General of Intelligence and Investigation Inland Revenue (IR) is seeking legal option that whether a leading petroleum company can be treated as designated buyer for import of LNG on behalf of the government of Pakistan on government to go

Published 24 Aug, 2016 12:00am

Commercial imports: FBR arm seeking legal opinion on LNG levy

Published 24 Aug, 2016 12:00am

SECP holds seminar on investor awareness

The Securities and Exchange Commission of Pakistan (SECP) organised a seminar for the senior students and employees of AF Ferguson & Company at Islamabad Club. In his message to the participants, the SECP chairman, Zafar Hijazi, said: "My vision is to mak

Published 24 Aug, 2016 12:00am

Direct taxation: ACCA for different approach to tax management

A global analysis by the Association of Chartered Certified Accountants (ACCA) has concluded that the trend for governments to raise more revenue from indirect taxes is expected to continue, demanding a different approach to tax management as some tax jur

Published 24 Aug, 2016 12:00am

Pakistani elite needs to decide whether or not they want a country: outgoing country director UNDP Pakistan

Marc-André Franche has been the country director for UNDP Pakistan for the last four years. Last weekend he bade farewell to Pakistan to take a position as the Chief of Financing at the United Nations Peacebuilding Fund beginning September. Discussions wi

Published 24 Aug, 2016 12:00am

Pakistani elite needs to decide whether or not they want a country: outgoing country director UNDP Pakistan

Published 24 Aug, 2016 12:00am

Food exports witness 15.35 percent decline in July

Pakistan's food exports have witnessed a decline of 15.35 percent in July 2016 as compared to the same month of last fiscal year largely because of massive decline in exports of rice, fish and vegetables. According to Pakistan Bureau of Statistics (PBS),

Published 24 Aug, 2016 12:00am

Electoral reforms: body meets to finalise recommendations

Sub-Committee of the Parliamentary Committee on Electoral Reforms met on Tuesday to finalise its recommendations on Electoral Reforms for general elections 2018. Sources said that the sub-committee chaired by Zahid Hamid took up the proposal of Dr Arif Al

Published 24 Aug, 2016 12:00am

Amtex share price rise 34 percent on 'rumours'

The textile experts at Amtex Limited Tuesday said talks of the company having to receive a huge amount on account of sales tax refund were just "rumours". Monday Amtex appeared as the day's second most-traded stock with its value shooting up to Rs 2.54 at

Published 24 Aug, 2016 12:00am

Turkey strikes IS as Syria border tensions flare

Turkey on Tuesday pounded Islamic State (IS) jihadists in Syria with new artillery strikes as expectations grew of a major Ankara-backed offensive against the group after a deadly suicide bombing on its soil. With tensions flaring on the Turkey-Syria bord

Published 24 Aug, 2016 12:00am

US deploys attack helicopters to strike IS in Libya

The United States has begun using attack helicopters to target the Islamic State group in the jihadists' Libyan former stronghold of Sirte, a defence official said Tuesday. American jets have since the start of August been helping fighters loyal to the Go

Published 24 Aug, 2016 12:00am

Biden tells Baltic states: don't take Trump seriously

US Vice President Joe Biden told Baltic leaders on Tuesday not to take seriously comments by Republican presidential nominee Donald Trump that called into question the US commitment to protect Nato allies in the face of Russian aggression. On a trip to La

Published 24 Aug, 2016 12:00am

US soldier killed in anti-Taliban operation in Afghanistan

A roadside bomb killed an American soldier Tuesday near the capital of Afghanistan's volatile Helmand province, following the first major US deployment to the southern city since foreign forces withdrew in 2014. The blast, which occurred during an anti-Ta

Published 24 Aug, 2016 12:00am

Czech PM says no to 'large Muslim community'

Czech Prime Minister Bohuslav Sobotka said Tuesday he does not want a "large Muslim community" and that each EU member should be able to choose how many migrants to accept. "We don't have a large Muslim community here," Sobotka said of the estimated 10,00

Published 24 Aug, 2016 12:00am

Sudan, South Sudan agree to extend oil deal

Sudan and South Sudan agreed Tuesday to extend an oil deal between the two countries, officials said, but they failed to settle the exact terms. When they split in 2011 after decades of war, the two nations agreed that the South would pay a fixed fee for

Published 24 Aug, 2016 12:00am

Yemen shelling kills one in southern Saudi Arabia

Shelling from Yemen killed a resident of southern Saudi Arabia on Tuesday, the latest casualty of intensified fighting on the border. The victim, a Yemeni resident of the kingdom, died in the attack on Najran at about 6:00 pm (1500 GMT), Civil Defence Col

Published 24 Aug, 2016 12:00am

Top diplomats kick off Japan, China, South Korea meeting

Foreign ministers from Japan, China and South Korea kicked off a two-day meeting in Tokyo on Tuesday with their countries at odds over territorial disputes, a US missile defence system and perennial regional problem North Korea. Japanese Foreign Minister

Published 24 Aug, 2016 12:00am

Kerry warns against military crackdowns in Nigeria

US Secretary of State John Kerry on Tuesday congratulated Nigeria on its recent military successes against Boko Haram while warning against the use of excessive force to fight extremists. Speaking at a press conference in the northern city of Sokoto, Kerr

Published 24 Aug, 2016 12:00am

Boko Haram's Shekau 'wounded' in air strike

Nigeria's military claimed Tuesday to have seriously injured Boko Haram's elusive leader Abubakar Shekau and killed other commanders in an air strike on the Islamist group's forest stronghold. The announcement was met with scepticism by Boko Haram experts

Published 24 Aug, 2016 12:00am

'Little Red-Haired Girl' dies

The real-life inspiration for the "Little Red-Haired Girl," the Peanuts comic strip character who infatuated Charlie Brown, has died at age 87. Donna Wold, a red-haired young woman who captivated Peanuts creator Charles Schulz and formed the basis for the

Published 24 Aug, 2016 12:00am

Trinidad board launches probe after washout

The Trinidad and Tobago Cricket Board has launched an investigation after only 22 overs could be played over five days in the fourth and final Test between West Indies and India at the Queen's Park Oval due to a soggy outfield. The lack of action meant In

Published 24 Aug, 2016 12:00am

Currency

Copper falls to six-week lows, focus on US rates

Copper prices slipped to six-week lows on Tuesday on market jitters over the timing of US interest rate rises, dollar direction and strength of demand in top consumer China. Benchmark copper on the London Metal Exchange ended down 0.8 percent at $4,710 a

Published 24 Aug, 2016 12:00am

Turkey cuts rates again, defying inflation leap

Turkey's central bank on Tuesday cut its main interest rate by 25 basis points, defying a sharp jump in inflation following the failed July 15 coup. The central bank said the overnight lending rate was trimmed to 8.5 percent from 8.75 percent and its one-

Published 24 Aug, 2016 12:00am

Volkswagen reaches deal with suppliers, heading off production crisis

Troubled German car giant Volkswagen said Tuesday it had reached a deal with suppliers to resume deliveries after a stoppage that forced the group to halt production at several plants. "The affected sites are preparing step-by-step to resume production,"

Published 24 Aug, 2016 12:00am

Ireland returns to pre-crisis employment numbers

The number of people employed in Ireland has reached 2 million for the first time since the peak of Ireland's housing boom in 2008, data showed on Tuesday, but the unemployment rate was revised upwards as the total labour force grew. Ireland's economy is

Published 24 Aug, 2016 12:00am

Morocco posts fall in foreign tourist arrivals

Morocco has announced a 5.6 percent drop in foreign tourist arrivals for the first half of 2016, with holidaymakers apparently put off by unrest and attacks across the region. Tourism is a backbone of the North African country's economy, along with revenu

Published 24 Aug, 2016 12:00am

UK manufacturing export orders highest in 2 years

Orders for British manufacturing exports hit a two-year peak in August following a Brexit-induced fall in sterling, as the weaker pound also pushed up price expectations to their highest in over a year, a survey showed on Tuesday. The Confederation of Bri

Published 24 Aug, 2016 12:00am

Qatar Airways announces first AFL sponsorship deal

Qatar Airways, sponsors of FC Barcelona, have branched into a new sport signing a deal with Australian Football League team Sydney Swans, the airline announced on Tuesday. The three-year deal will allow Qatar Airways to receive "prominent branding" at Syd

Published 24 Aug, 2016 12:00am

Fraud suspect wanted by China pays $31 million to end New Zealand probe

A Chinese-born businessman has agreed to pay New Zealand authorities US $31 million to settle their money laundering investigation into him, although he remains wanted by Beijing over the alleged multi-million-dollar fraud. William Yan, 45, holds New Zeal

Published 24 Aug, 2016 12:00am

Mobileye, Delphi team up to develop robot car system

Israeli technology firm Mobileye and UK-based auto-equipment maker Delphi said Tuesday that they were teaming up to develop an autonomous driving system which would be ready for vehicle-makers in 2019. A joint statement by the two companies said that Mobi

Published 24 Aug, 2016 12:00am

Mexico has nearly completed 2017 oil price hedge

Mexico has nearly completed its oil price hedge for 2017 which it began in mid-June, the country's Finance Minister Luis Videgaray said on Tuesday. "We have advanced in an important way, we still haven't finished the process but the vast majority of the o

Published 24 Aug, 2016 12:00am

Gold rises in Europe

Gold edged higher on Tuesday as markets shifted focus from hawkish comments by a Federal Reserve official at the weekend to a meeting of global central bankers this week, awaiting further guidance on US interest rates. Spot gold rose 0.3 percent to $1,342

Published 24 Aug, 2016 12:00am

Gold mostly unchanged in Asia

Gold was mostly unchanged on Tuesday after hitting a two-week low in the previous session as the market waited for more clues from the US Federal Reserve later this week on whether it will raise rates this year. Spot gold was nearly flat at $1,338.86 an o

Published 24 Aug, 2016 12:00am

Gold falls in New York

Gold prices slid on Monday and hit a two-week low as upbeat comments from Federal Reserve officials on the US economy boosted expectations that the central bank could lift interest rates sooner rather than later. The Fed's No 2 policymaker, Stanley Fische

Published 24 Aug, 2016 12:00am

Palm oil up on strong exports

Malaysian palm oil futures edged up on Tuesday, coming off a more than one-week low hit earlier as higher overseas sales underpinned prices. Benchmark palm oil futures for November on the Bursa Malaysia Derivatives Exchange rose 1.4 percent to 2,578 ringg

Published 24 Aug, 2016 12:00am

Rotterdam vegetable oil prices

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

Published 24 Aug, 2016 12:00am

Rotterdam vegetable oil prices

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

Published 24 Aug, 2016 12:00am

Rubber falls

Benchmark Tokyo rubber futures fell to a two-week low in lacklustre trade on Tuesday as weaker oil prices and sliding Shanghai futures eroded risk appetite. The Tokyo Commodity Exchange (TOCOM) rubber contract for January delivery finished 3.0 yen, or 1.9

Published 24 Aug, 2016 12:00am

European vegoils: palm oil prices fall slightly

Palm oil prices fell slightly in Europe on Monday, weighed down by rising production in Malaysia and weakness in rival vegetable oil markets, dealers said. RBD palm olein offers ended the day between $2.50 and $10 a tonne lower with January/March shipment

Published 24 Aug, 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 Tuesday (August 23, 2016).

Published 24 Aug, 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 Tuesday (August 23, 2016).

Published 24 Aug, 2016 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (August 23, 2016).

Published 24 Aug, 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 24 Aug, 2016 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 24 Aug, 2016 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 24 Aug, 2016 12:00am

Aaj TV - Wednesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 24 Aug, 2016 12:00am

Cotton

Daily trading report of PMEX

On Monday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 2,902 million and the number of lots traded was 9,516. PMEX Commodity Index closed at 3,013. Major business was contributed by gold amounting to PKR 1,168 million followed by currenci

Published 24 Aug, 2016 12:00am

Acti9vity at Karachi & Qasim ports

The Karachi Port handled 87,787 tonnes of cargo comprising 52,786 tonnes of import cargo and 35,001 tonnes of export cargo including 5,538 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday The total import cargo of 52,78

Published 24 Aug, 2016 12:00am

Shanghai copper eases

Shanghai Futures Exchange copper eased 0.4 percent to 37,160 yuan ($5,588) a tonne on Tuesday, having touched its weakest since July 11 at 36,910 yuan. "Today's Asian session has seen some profit-taking (on short positions) after yesterday's falls, no dou

Published 24 Aug, 2016 12:00am

US FOB Gulf soyabean offers steady

Export premiums for soyabeans shipped from the US Gulf Coast were mostly steady on Monday, underpinned by solid demand amid limited available supplies from rival exporters in South America, traders said. Importers in China are filling their soyabean needs

Published 24 Aug, 2016 12:00am

Cotton

Cotton market: prices stable on modest trade

Prices stabilised on the cotton market on Tuesday amid modest trade, dealers said. The official spot rate was up by Rs 50 to Rs 6,600, dealers said. In Sindh, seed cotton prices were unchanged at Rs 3300-3500 and in Punjab rates of Phutti fell by Rs 100 t

Published 24 Aug, 2016 12:00am

US natural gas futures up four percent on hotter weather outlook

US natural gas futures jumped nearly 4 percent on Monday as hotter weather forecasts led to a change in market direction, with players betting higher-than-normal temperature in the next two weeks will prompt utilities to burn more gas to feed power demand

Published 24 Aug, 2016 12:00am

CBOT wheat futures lower

Wheat futures on the Chicago Board of Trade closed lower on Monday, led by the front September contract on technical selling and a lack of fresh supportive news, traders said. Plentiful world supplies and poor export demand for US wheat continued to serve

Published 24 Aug, 2016 12:00am

ECB 'may act' if governments don't reform faster: Board member

The European Central Bank (ECB) may be forced to bolster its monetary stimulus programmes if governments fail to act to boost their economies, board member Benoit Coeure said on Tuesday. "If there is not much taking place on the structural reform front, i

Published 24 Aug, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 14	281.78
USD PKR Interbank Buying / May 14	281.68
USD to Japanese Yen / May 14	147.13
USD to Swiss Franc / May 14	0.84
Pound Sterling to USD / May 14	1.33
Euro to USD / May 14	1.12
UK LIBOR % / May 13	4.96

Stock	Volume
S&P 500 / May 13	5,886.55
Nasdaq / May 13	19,010.09
Dow Jones / May 13	42,140.43
India Sensex / May 14	81,497.76
Tokyo Nikkei / May 14	38,113.18
Hang Seng / May 14	23,504.69
FTSE 100 / May 14	8,607.88
Germany DAX 30 / May 14	23,613.03
France CAC40 / May 14	7,846.03

Item	Value
Karachi Cotton PKR/37.32 KG / May 13	16,985
Gold 10 Grams PKR / May 13	295,096
Cotton US¢/pound / May 13	66.61
Petrol/Litre / May 14	252.63
Crude Oil USD/Barrel / May 14	63.39
Gold Spot USD/Ounce / May 14	3,234.38
Diesel/Litre / May 14	256.64

Gainers
Losers
Leaders

Stock	Price
Ghani Chemworld / May 14 Ghani Chemworld Limited(GCWL)	8.14 ▲ 1 (14.01%)
Al-Shaheer Corp / May 14 Al Shaheer Corporation Limited(ASC)	7.72 ▲ 0.84 (12.21%)
B. F. Mod. / May 14 B.F. Modaraba(BFMOD)	9.34 ▲ 1 (11.99%)
AN Textile Mill / May 14 AN Textile Mills Limited(ANTM)	10.79 ▲ 1 (10.21%)
S.G.Power / May 14 S.G. Power Limited(SGPL)	7.71 ▲ 0.71 (10.14%)
Hala Enterprise / May 14 Hala Enterprises Limited(HAEL)	12.05 ▲ 1.1 (10.05%)
Dewan Motors / May 14 Dewan Farooque Motors Limited(DFML)	36.03 ▲ 3.28 (10.02%)
Bunnys Limited / May 14 Bunnys Limited(BNL)	28.01 ▲ 2.55 (10.02%)
Flying Cement / May 14 Flying Cement Company Limited(FLYNG)	44.96 ▲ 4.09 (10.01%)
LSE Financial Serv. / May 14 LSE Financial Services Limited(LSEFSL)	21.99 ▲ 2 (10.01%)

Stock	Price
Dewan Mushtaq / May 14 Dewan Mushtaq Textile Mills Limited(DMTM)	8.83 ▼ -0.97 (-9.9%)
Bilal Fibres / May 14 Bilal Fibres Limited(BILF)	17.72 ▼ -1.87 (-9.55%)
Kohinoor Mills / May 14 Kohinoor Mills Limited(KML)	29.17 ▼ -2.75 (-8.62%)
TPL Trakker Ltd / May 14 TPL Trakker Limited(TPLT)	6.06 ▼ -0.53 (-8.04%)
IbrahimFibres / May 14 Ibrahim Fibres Limited(IBFL)	321.92 ▼ -26.51 (-7.61%)
F.Credit & Inv / May 14 First Credit and Investment Bank Limited(FCIBL)	7.41 ▼ -0.58 (-7.26%)
Dadabhoy Cement / May 14 Dadabhoy Cement Industries Limited(DBCI)	4.51 ▼ -0.29 (-6.04%)
Merit Packaging / May 14 Merit Packaging Limited(MERIT)	9.01 ▼ -0.54 (-5.65%)
Samba Bank / May 14 Samba Bank Limited(SBL)	8.75 ▼ -0.52 (-5.61%)
Ist.Capital Sec / May 14 First Capital Securities Corporation(FCSC)	1.37 ▼ -0.08 (-5.52%)

Stock	Volume
At-Tahur Ltd. / May 14 At-Tahur Limited(PREMA)	38,761,905 ▲ 4.08
Fauji Cement / May 14 Fauji Cement Company Limited(FCCL)	36,170,971 ▲ 0.33
Sui South Gas / May 14 Sui Southern Gas Company Limited(SSGC)	32,384,781 ▲ 3.28
WorldCall Telecom / May 14 Worldcall Telecom Limited(WTL)	22,631,360 ▼ -0.01
Pak Refinery / May 14 Pakistan Refinery Limited(PRL)	20,536,680 ▲ 1.59
D.G.K.Cement / May 14 D.G. Khan Cement Company Limited(DGKC)	19,418,708 ▼ -3.26
Power Cement / May 14 Power Cement Limited(POWER)	19,235,608 ▲ 0.05
Cnergyico PK / May 14 Cnergyico PK Limited(CNERGY)	19,025,407 ▲ 0.04
B.O.Punjab / May 14 The Bank of Punjab(BOP)	16,672,255 ▼ -0.05
K-Electric Ltd. / May 14 K-Electric Limited(KEL)	15,717,046 ▼ -0.05

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