News Archives for Print - 2016-08-24

Print - 2016-08-24

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

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

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

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

Ivory Coast cocoa exporters see output to fall

Cocoa exporters in top grower Ivory Coast predict output will fall by up to 200,000 tonnes in the first three months of the 2016/17 season compared to the same period of the current crop due to poor rainfall and a lack of carryover stocks. Port arrivals a

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

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 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

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

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

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

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

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

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

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 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

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

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

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

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

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

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

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

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

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

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

Most of China's provinces plan to cut taxes as economy cools

The vast majority of Chinese provinces have announced specific measures to cut costs for companies to take pressure off industries being hit by the slowing economy, according to China News. These measures are expected to save Chinese businesses in 25 prov

Published 24 Aug, 2016 12:00am

Currency

Eurozone business growth stable in August

Surprisingly strong growth in France supported stable eurozone private business activity during August but factories could face a tougher September as new order growth stumbled, surveys showed on Tuesday. Muddying the outlook for the coming months is the

Published 24 Aug, 2016 12:00am

US new home sales race to near nine-year high

New US single-family home sales unexpectedly surged in July, reaching their highest level in nearly nine years amid robust demand, brightening the housing market outlook and bolstering views that economic growth will pick up in the third quarter.

Published 24 Aug, 2016 12:00am

Gulf markets slide with oil but closes off lows

Most major Gulf stock markets fell on Tuesday after Brent crude oil dropped back below $49 a barrel, but most closed well off their lows as investors bought bluechips in late trade. The Saudi index closed 0.2 percent lower at 6,096 points, extending Monda

Published 24 Aug, 2016 12:00am

Sri Lankan stocks post three-month high

Sri Lankan shares ended marginally higher on Tuesday and posted their highest close in three months, led by financials while turnover hit a 4-1/2-month high on expectations of better economic performance after the government said it would achieve its reve

Published 24 Aug, 2016 12:00am

Tokyo shares lower

Tokyo shares snapped a two-day rally Tuesday with energy firms hit by a drop in oil prices and low-volume trading. Oil extended the previous day's sharp losses stoked by concerns a pick-up in output from Iraq and Nigeria will compound a global oversupply

Published 24 Aug, 2016 12:00am

Tuesday's early afternoon trade: Nasdaq hits record intraday high

US stock rose on Tuesday, with the Nasdaq hitting a record intraday high, led by technology companies and as robust housing market data strengthened the case for a firming economy. With the US earnings season winding down, investors are also weighing up t

Published 24 Aug, 2016 12:00am

Wall Street little changed as biotechs offset energy drop

US stocks were little changed on Monday as a drop in oil prices that weighed on the energy sector was offset with a strong showing by biotech stocks. Oil prices settled down more than 3 percent, after touching two-month highs last week, on worries about b

Published 24 Aug, 2016 12:00am

Hong Kong shares barely move

Hong Kong shares were roughly flat on Tuesday as investors awaited clues on US monetary policies from the coming annual conference of the Federal Reserve. The Hang Seng index was unchanged at 22,998.93, while the China Enterprises Index lost 0.2 percent,

Published 24 Aug, 2016 12:00am

Treasury prices gain

US Treasury prices gained on Monday ahead of a speech by Federal Reserve Chair Janet Yellen on Friday that will be scrutinised by investors for indications of when the US central bank will next raise interest rates. Yellen's address is in focus with no ma

Published 24 Aug, 2016 12:00am

Treasury prices gain

Published 24 Aug, 2016 12:00am

China stocks soar

China stocks rose slightly on Tuesday, as transportation and raw material shares were firm on the back of Beijing's plan to revive its struggling north-east rustbelt, offsetting falls in real estate stocks. The bluechip CSI300 index rose 0.2 percent, to 3

Published 24 Aug, 2016 12:00am

Cotton

Welspun India shares plummet again

Welspun India's shares plunged 20 percent for a second day on Tuesday, as the fallout from Target Corp's decision to terminate business with the firm for passing off cheap sheets as premium Egyptian cotton escalated. Shares in Welspun, one of the world's

Published 24 Aug, 2016 12:00am

Indian shares little changed

Indian shares closed little changed on Tuesday as investors were cautious ahead of Federal Reserve Chair Janet Yellen's speech later this week at the gathering of central bankers in Jackson Hole, Wyoming, for further cues on US interest rates. The benchma

Published 24 Aug, 2016 12:00am

European shares gain, led by housebuilders, mining companies

European shares advanced on Tuesday, with housebuilders leading the market higher and mining companies rebounding from their declines the day before. Britain's second-largest housebuilder, Persimmon, rose 4.2 percent after reporting its reservation rate h

Published 24 Aug, 2016 12:00am

Australian shares up, New Zealand hits another record

Australian shares climbed 0.7 percent on Tuesday, aided by across-the-board gains as sentiment was buoyed by better-than-feared results from several large companies so far. The S&P/ASX 200 index rose 38.74 points to 5553.8 at the close of trade. The bench

Published 24 Aug, 2016 12:00am

Southeast Asian markets sluggish

Southeast Asian stock markets were sluggish on Tuesday, ahead of a speech by Federal Reserve Chair Janet Yellen on Friday that could offer clues about a US interest rate hike this year. Dampening market sentiment further, oil fell below $49 a barrel, givi

Published 24 Aug, 2016 12:00am

FTSE buoyed by resilient Persimmon, miners rebound

Britain's leading share index rose on Tuesday, helped by a rise in housebuilders after strong results from Persimmon suggested that the sector was coping with the uncertainty from Britain's vote to leave the European Union. Persimmon rose 4.2 percent, the

Published 24 Aug, 2016 12:00am

Dollar falls against yen, kiwi up in Asia

The dollar dipped against the yen on Tuesday, while the New Zealand dollar rose after the nation's central bank chief said he did not see the need for a rapid succession of interest rate cuts. The dollar shed 0.1 percent to 100.220 against the safe-haven

Published 24 Aug, 2016 12:00am

Currency

Dollar dips in Europe on Fed rate hike doubts

The dollar weakened across the board on Tuesday, as investors shifted their focus away from hawkish remarks on US interest rates by Federal Reserve officials and towards a speech on Friday by Fed Chair Janet Yellen. The greenback was given a boost over th

Published 24 Aug, 2016 12:00am

Currency

Early trade in New York: dollar retreats on Fed rate hike uncertainty

The dollar slid across the board on Tuesday, as investors shifted their focus away from hawkish remarks on US interest rates by Federal Reserve officials and toward a speech on Friday by Fed Chair Janet Yellen. Yellen will speak at the annual meeting of w

Published 24 Aug, 2016 12:00am

Currency

Dollar mostly flat against majors in New York

The US dollar was mostly flat against a basket of major currencies on Monday on hesitation to make bets ahead of a speech from the Federal Reserve Chair on Friday, while comments from another top Fed official kept the greenback stable. Traders were awaiti

Published 24 Aug, 2016 12:00am

Currency

Sri Lankan rupee steady

The Sri Lankan rupee ended steady for a seventh straight session on Tuesday, with dealers hesitating to trade in the local currency below 145.50 per dollar in anticipation of central bank intervention to defend the currency, dealers said. Foreign investor

Published 24 Aug, 2016 12:00am

Currency

Asian currencies edge higher

Most Asian currencies rose on Tuesday but gains were limited as investors awaited a speech by Federal Reserve Chair Janet Yellen for hints on the possible timing of a US interest rate hike. Asian currencies regained some footing as the dollar retreated br

Published 24 Aug, 2016 12:00am

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 78.40-78.40 (previous 78.40-78.40).

Published 24 Aug, 2016 12:00am

Currency

Sterling hits three-week high against dollar

Sterling hit a three-week high against the dollar on Tuesday, rising above $1.32, with speculators cutting bets against the currency as data suggested that Britain's economy is holding up surprisingly well in the aftermath of the Brexit vote. Orders for B

Published 24 Aug, 2016 12:00am

Currency

Kiwi climbs, Aussie struggles

The New Zealand dollar rallied on Tuesday after the country's central bank disappointed doves with a forecast of smaller rate cuts than some had been expecting. The Australian dollar struggled to find momentum in thin liquidity while the market eagerly aw

Published 24 Aug, 2016 12:00am

South Africa, New Zealand Test washout

South African captain Faf du Plessis and New Zealand coach Mike Hesson both expressed disappointment after the first Test between South Africa and New Zealand was abandoned as a draw due to poor ground conditions on Tuesday. No play was possible on days t

Published 24 Aug, 2016 12:00am

Russian Paralympics ban upheld, Moscow cries foul

A ban on Russian athletes competing in the Rio Paralympics was upheld Tuesday, triggering anger in Moscow after the country lost an appeal against their exclusion over a vast, state-run doping programme. The Court of Arbitration for Sport (CAS) dismissed

Published 24 Aug, 2016 12:00am

Floodlight failure mars India's pink ball debut

India's experiment with the pink ball in the Duleep Trophy domestic championship met with major embarrassment after floodlight failure interrupted play for over an hour in the day-night match on Tuesday. The Duleep Trophy, a four-day triangular competitio

Published 24 Aug, 2016 12:00am

Shahbaz applauds Pakistan's team

Punjab Chief Minister Muhammad Shahbaz Sharif congratulated Pakistani cricket team on achieving the first position in Test ranking. In a felicitation message, the Chief Minister said that it is a great honour for national cricket team to achieve first pos

Published 24 Aug, 2016 12:00am

England ponder triple spin attack

England limited overs captain Eoin Morgan has said his team could take the unusual option of playing three spinners in their opening one-day international against Pakistan at Southampton on Wednesday. For much of the time, in both Test and ODI cricket, re

Published 24 Aug, 2016 12:00am

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

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

'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

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

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

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

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

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

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

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

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 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 10	277.82
USD PKR Interbank Buying / Oct 10	277.62
USD to Japanese Yen / Oct 10	149.16
USD to Swiss Franc / Oct 10	0.86
Pound Sterling to USD / Oct 10	1.31
Euro to USD / Oct 10	1.09

Stock	Volume
S&P 500 / Oct 10	5,792.04
India Sensex / Oct 10	81,753.61
Tokyo Nikkei / Oct 10	39,380.89
Nasdaq / Oct 10	18,291.62
Hang Seng / Oct 10	21,286.40
FTSE 100 / Oct 10	8,243.74
Dow Jones / Oct 10	42,512
Germany DAX 30 / Oct 10	19,254.93

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 9	17,985
Petrol/Litre / Oct 10	247.03
Crude Oil USD/Barrel / Oct 10	73.73
Gold 10 Grams PKR / Oct 10	236,197
Gold Spot USD/Ounce / Oct 10	2,615.22
Diesel/Litre / Oct 10	246.29

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 10 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 10 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 10 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 10 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 10 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 10 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 10 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 10 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 10 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 10 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 10 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 10 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 10 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 10 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 10 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 10 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 10 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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