News Archives for Print - 2016-09-01

Print - 2016-09-01

Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (August 31, 2016).

Published 01 Sep, 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 Wednesday (August 31, 2016).

Published 01 Sep, 2016 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (August 31, 2016).

Published 01 Sep, 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 01 Sep, 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 01 Sep, 2016 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 01 Sep, 2016 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 01 Sep, 2016 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 01 Sep, 2016 12:00am

US Plains HRW wheat bids flat

Spot cash basis bids on Monday for hard red winter wheat in the southern US Plains were unchanged despite the rise in protein premium scales led by demand for better quality product, merchandisers said. Protein premiums for wheat shipped to and through Ka

Published 01 Sep, 2016 12:00am

China's iron ore hits two-week lows

Iron ore futures in China dropped to two-week lows on Tuesday as appetite for the steelmaking raw material waned ahead of closures in the eastern city of Hangzhou for the G20 summit next week. The lack of buying interest from top consumer China has pulled

Published 01 Sep, 2016 12:00am

Cotton

Daily trading report of PMEX

On Tuesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 4,477 million and the number of lots traded was 13,423. PMEX Commodity Index closed at 2,976. Major business was contributed by currencies through COTS (PKR 2,421 million) followed b

Published 01 Sep, 2016 12:00am

Asian naphtha cracks rise to two-session high

Asia's naphtha cracks recovered marginally to a two-session high of $24.98 a tonne on Tuesday but the gasoline crack fell 14 percent from an almost three-month high to a two-session low of $6.79 a barrel. The current gasoline crack level was still much hi

Published 01 Sep, 2016 12:00am

CBOT wheat hits 10-year low on ample world supplies

Wheat futures on the Chicago Board of Trade fell more than 3 percent on Monday, with the spot contract hitting its lowest in a decade, pressured by plentiful world supplies and fund-driven selling, traders said. Market also pressured by news that top glob

Published 01 Sep, 2016 12:00am

Prices mostly weaker as palm oil, soyaoil fall

Prices were generally weak in Europe's vegetable oil market on Monday, pushed down by drops in benchmark Malaysian palm oil and Chicago soyaoil futures, and pressured by lower crude oil. The main European trade was reported in palm olein, crude palm oil a

Published 01 Sep, 2016 12:00am

Vietnamese coffee trade lacklustre ahead of fresh crop arrival

Trading in Vietnamese coffee was lacklustre this week as buyers waited on the sidelines ahead of the arrival of the country's new crop, which is expected to begin in about two months, traders said on Tuesday. Harvesting of the 2016/2017 crop in Vietnam, t

Published 01 Sep, 2016 12:00am

Activity at Karachi & Qasim ports

The Karachi Port handled 145,046 tonnes of cargo comprising 117,165 tonnes of import cargo and 27,881 tonnes of export cargo including 6,421 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday The total import cargo of 1

Published 01 Sep, 2016 12:00am

Cotton

Cotton market: prices slip as Phutti arrivals improve

Rates eased on the cotton market on Wednesday after increase in arrivals of seed cotton, dealers said. The official spot rate was lower by Rs 100 to Rs 6,550, dealers said. In Sindh, seed cotton prices also came under pressure at Rs 3200-3450 and in Punja

Published 01 Sep, 2016 12:00am

Canadian canola futures fall

ICE Canadian canola futures slipped on Monday to the cheapest most-active contract price in two weeks, pressured by weaker US soya prices and technical selling. The most-active November contract is technically weak, trading below the 50-day moving average

Published 01 Sep, 2016 12:00am

Shanghai copper slips

Shanghai Futures Exchange copper slipped 0.3 percent to 36,270 yuan ($5,431) a tonne on Wednesday. Upbeat US data enhanced expectations of a near-term rate hike by the Federal Reserve, with a US payrolls report on Friday also in focus. A stronger dollar d

Published 01 Sep, 2016 12:00am

Copper ends August with six percent monthly loss

Copper rose on Wednesday as investors covered short positions but it ended August with a 6 percent loss for the month after rising inventories in Asia signalled muted demand from top consumer China. Benchmark copper on the London Metal Exchange ended up 0

Published 01 Sep, 2016 12:00am

Rubber falls

Benchmark Tokyo rubber futures fell for a second day, falling 1.3 percent, tracking weak Shanghai futures and an oil price decline. The losses in Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, were l

Published 01 Sep, 2016 12:00am

Rotterdam vegetable oil prices

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

Published 01 Sep, 2016 12:00am

Rotterdam vegetable oil prices

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

Published 01 Sep, 2016 12:00am

France seen importing more wheat from eastern EU

A vessel is due to call at the northern French port of Dunkirk next week to unload wheat from Bulgaria, shipping data showed on Wednesday, in a sign of unusual movements of wheat into France following a poor harvest. The bulk carrier AS Elenia is transpor

Published 01 Sep, 2016 12:00am

Cocoa rebounds from four-week low, sugar tumbles

Cocoa futures turned higher on late-day buying on the last day of the month on Wednesday, after speculative and chart-based selling pushed prices to four-week lows against the backdrop of an improving outlook for production in top grower Ivory Coast. Raw

Published 01 Sep, 2016 12:00am

Gold falls to six-week low in New York

Gold fell to a six-week low on Tuesday after Federal Reserve officials sounded a hawkish note on interest rates, boosting the dollar, while attention turned to US payrolls data this week for further clues on the pace of rate hikes. Fed Chair Janet Yellen

Published 01 Sep, 2016 12:00am

Gold up in Asia

Gold stood above two-month lows touched in the prior session as investors waited for US nonfarm payroll numbers later this week for clues on the timing of a Federal Reserve rate hike, but the bullion was on track for its first monthly decline since May.

Published 01 Sep, 2016 12:00am

Gold slides to two-month low in Europe

Gold slid to a two-month low on Wednesday after forecast-beating US jobs data stoked speculation that the Federal Reserve would move ahead with plans to raise interest rates, propelling the dollar index to its highest in three weeks. The dollar rose after

Published 01 Sep, 2016 12:00am

German 2016 grain harvest to fall 11 percent after heavy rain

Germany's overall grain harvest for 2016 will fall 11 percent on the year to 43.5 million tonnes after crops suffered from widespread rain and a lack of sunshine in major agricultural belts, the country's Farmers' Association (DBV) said on Friday. The ass

Published 01 Sep, 2016 12:00am

Moody's affirms Japan debt rating, sees progress in reflating economy

Moody's Investors Service on Tuesday affirmed Japan's A1 sovereign debt rating and maintained a stable outlook, citing ultra-low funding costs and continued progress in government efforts to reflate the economy. But the US rating agency warned of the poss

Published 01 Sep, 2016 12:00am

Moody's affirms Japan debt rating, sees progress in reflating economy

Published 01 Sep, 2016 12:00am

A growing problem, child malnutrition costs Philippines $7 billion in a year

Child malnutrition cost the Philippines $7 billion or nearly 3 percent of its GDP in one year in terms of education spending and lost productivity, while hunger-related stunting is on the rise among children, a global aid agency said on Tuesday.

Published 01 Sep, 2016 12:00am

Chinese tycoon to buy US aluminium maker for $2.33 billion

A Chinese billionaire has agreed to acquire US aluminium maker Aleris Corporation for $2.33 billion including debt, one of his companies said, the latest overseas take-over by a Chinese firm. Zhongwang USA, an investment firm controlled by Liu Zhongtian,

Published 01 Sep, 2016 12:00am

Thai cabinet approves borrowing plan, loans for farmers

Thailand's cabinet on Tuesday approved new borrowing of 614 billion baht ($17.77 billion) for the next fiscal year starting on October 1, and loans for farmers to help the struggling rural economy. The previously announced borrowing plan will include 390

Published 01 Sep, 2016 12:00am

Currency

China's free trade zone faces currency risks

China's leading free trade zone faces currency risks and the authorities should be cautious in opening up the capital account, the Chinese Academy of Social Sciences (CASS), a top government think tank, said on Tuesday. "Foreign exchange risk is the bigge

Published 01 Sep, 2016 12:00am

Currency

G20 watchdog says bank rules working well, digs deeper into markets

The financial system's ability to cope with Britain's vote to leave the European Union and with doubts over growth prospects show the benefits of rules introduced since the 2008 collapse of Lehman Brothers bank, a global watchdog said on Wednesday. The Fi

Published 01 Sep, 2016 12:00am

India growth slows sharply to 7.1 percent in April-June quarter

India's economic growth slowed sharply in the first quarter of the 2016-17 financial year, official data showed Wednesday, missing expectations but raising hopes of an interest rate cut. Gross domestic product expanded 7.1 percent year-on-year in the thre

Published 01 Sep, 2016 12:00am

Japan's factory output flat in July

Growth in Japan's industrial output ground to a halt in July after June's gains, underscoring the fragility of factory activity and the continuing challenge to policymakers grappling with a stalling economy. The flat reading compared with economists' medi

Published 01 Sep, 2016 12:00am

US private payrolls rise solidly; pending home sales jump

US private employers maintained a steady pace of hiring in August and contracts to buy previously owned homes surged in July, suggesting the economy was regaining sufficient momentum for the Federal Reserve to raise interest rates this year. Other data on

Published 01 Sep, 2016 12:00am

Currency

Nigeria's main car plant idled as dollar crisis bites

At a factory in south-east Nigeria, dozens of new white buses stand at the end of the production line, apparently ready to take on some of Africa's toughest roads. Unfortunately for Nigeria's main domestic vehicle assembly firm they are going nowhere for

Published 01 Sep, 2016 12:00am

Eurozone inflation stable in August, against expectations of rise

Eurozone inflation was stable in August, against expectations of a slight rise, as food, industrial good and services prices increased by less than in July, piling more pressure on the European Central Bank to act. Inflation in the 19 countries sharing th

Published 01 Sep, 2016 12:00am

AstraZeneca to pay $5 million over China, Russia bribes

British drugmaker AstraZeneca has agreed to pay more than $5 million to settle allegations that it broke US anticorruption laws in China and Russia. The Securities and Exchange Commission said late Tuesday that in China, employees of an AstraZeneca subsid

Published 01 Sep, 2016 12:00am

Canada's economy has biggest quarterly drop in seven years

Canada's economy shrank in the second quarter, its worst showing in seven years, hurt by a drop in exports and a disruption to oil production caused by wildfires in Alberta, though growth was seen as likely to rebound later this year. While the quarterly

Published 01 Sep, 2016 12:00am

Kenya anti-corruption head resigns over conflict of interest

The chairman of Kenya's anti-corruption commission resigned Wednesday as MPs prepared to investigate him for alleged links to a corruption scandal at the country's National Youth Service. Philip Kinisu, chairman of the Ethics and Anti-Corruption Commissio

Published 01 Sep, 2016 12:00am

125,000 complaints on EU-Canada trade deal received in Germany

Hundreds of activists formed a human chain in front of Germany's top court Wednesday as they handed in more than 125,000 citizens' complaints against a planned Canada-EU free trade agreement. The demonstrators from a coalition of pressure groups rallied o

Published 01 Sep, 2016 12:00am

Currency

Dollar climbs against yen in Asia

The dollar rose to a one-month high against the yen on Wednesday as investors reversed the bets they had made on speculation that the US Federal Reserve would not hike interest rates anytime soon. That reversal saw the dollar, which was at around 100.500

Published 01 Sep, 2016 12:00am

Currency

Dollar rises to one-month high against yen in Europe

The dollar rose to a one-month high against the yen on Wednesday on speculation the US Federal Reserve would raise interest rates in the coming months. The US currency has gained almost 3 percent versus the yen since Friday, when Fed Chair Janet Yellen an

Published 01 Sep, 2016 12:00am

Currency

Early trade in New York: Dollar hits three-week high

The US dollar rose to three-week highs against a basket of currencies on Wednesday after data showed that jobs gains in August were roughly in line with expectations, before paring gains on weak manufacturing data. Hawkish comments by Fed Chair Janet Yell

Published 01 Sep, 2016 12:00am

Currency

Dollar jumps against basket of currencies in New York

The dollar rose to a three-week high against a basket of currencies, and a one-month high against the yen, on Tuesday as investors looked ahead to crucial jobs data this week for clues on when the Federal Reserve will next raise interest rates. Hawkish co

Published 01 Sep, 2016 12:00am

Currency

China's yuan edges up

China's yuan firmed on Wednesday, with investors cautious about possible central bank intervention whenever the currency neared the psychologically-important 6.7 per dollar level. While a resurgent dollar has pushed the yuan lower in recent sessions, Chin

Published 01 Sep, 2016 12:00am

Currency

Sri Lankan rupee steady

The Sri Lankan rupee ended steady on Wednesday as importer dollar demand was offset by greenback sales, a day after central bank governor Indrajith Coomaraswamy said the currency was not under upward pressure as capital inflows had not been of sufficient

Published 01 Sep, 2016 12:00am

Currency

Asian currencies steady

Most Asian currencies were steady to firmer against the dollar on Wednesday, with the South Korean won outperforming due to month-end flows from local exporters. The Chinese yuan held firm, with investors cautious about possible central bank intervention

Published 01 Sep, 2016 12:00am

Bangladesh's interbank forex rates

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

Published 01 Sep, 2016 12:00am

Sterling surges

Sterling rose on Wednesday, boosted by improved consumer confidence and rising British house prices in August, which added to signs the economy is holding up well in the wake of June's shock vote to leave the European Union. Market research firm GfK said

Published 01 Sep, 2016 12:00am

Aussie down, kiwi up

The Australian dollar traded near one-month lows on Wednesday after upbeat US data added to the risk of a near-term rate hike by the Federal Reserve. The Australian dollar held at $0.7521, after touching $0.7500 on Tuesday, its lowest since August 2. The

Published 01 Sep, 2016 12:00am

Premier League leads record transfer spree

The cash-loaded English Premier League led a record-breaking raid for talent by Europe's top clubs before the transfer window slams shut Wednesday, with Arsenal alone paying more than 60 million euros for German defender Shkodran Mustafi and Spanish strik

Published 01 Sep, 2016 12:00am

Djokovic into US Open third round on walkover

World number one and defending champion Novak Djokovic reached the third round of the US Open without swinging his racquet on Wednesday when scheduled opponent Jiri Vesely pulled out injured. Serbia's Djokovic won by walkover when left forearm inflammatio

Published 01 Sep, 2016 12:00am

Russia to hold alternative 'Paralympics' for banned athletes

Russia will hold a two-day competition next week for its Paralympic squad banned from Rio, the country's committee chief said Wednesday, just as the official Games start in Brazil. "We're planning to hold on September 7-8 a series of tournaments for the c

Published 01 Sep, 2016 12:00am

Police fire teargas at Sri Lanka cricket fans

Sri Lankan police fired teargas to disperse hundreds of fans trying to force their way into a stadium where the home team were playing their fourth one-day international against Australia Wednesday. About 300 fans tried to force their way into the 18,000-

Published 01 Sep, 2016 12:00am

Australia beat Sri Lanka, clinch ODI series

John Hastings claimed six wickets before Aaron Finch and George Bailey's attacking half-centuries powered Australia to a series clinching six-wicket win over Sri Lanka in the fourth one-day international in Dambulla on Wednesday. Australia rode on Finch's

Published 01 Sep, 2016 12:00am

Vinci, Kvitova move on

Roberta Vinci, the 2015 runner-up, and two-time Wimbledon champion Petra Kvitova booked US Open third round spots Wednesday as Novak Djokovic and Rafael Nadal prepared for the latest tests of their battle-scarred seasons. Seventh seeded Italian Vinci, def

Published 01 Sep, 2016 12:00am

Murray, Serena ride strong serves into US Open second round

Wimbledon champions Andy Murray and Serena Williams powered into the second round of the US Open as the stars came out on Arthur Ashe Stadium court on Tuesday night. Williams, launching her latest bid to rewrite the record books, started strong and didn't

Published 01 Sep, 2016 12:00am

Pakistan to take part in Asian Cycling Track Championship

A six-member Pakistani Cycling team will leave for India on 13th September, to take part in the Asian Cycling Track Championship and the SAARC Cycling Championship being staged there. The Asian Cycling Track Championship will be held from 14th to 16th Sep

Published 01 Sep, 2016 12:00am

Former cricketers demand removal of skipper Azhar Ali

Former cricketers have expressed 'disappointment' over dismal performance of Team Pakistan in the ongoing ODI series against England and suggested replacement of the ODI skipper Azhar Ali. England has already won three of the five match ODIs series settin

Published 01 Sep, 2016 12:00am

England post highest-ever 444 ODI total against Pakistan, win series

Alex Hales's stunning 171 provided the platform for England to post the highest ever one-day international total of 444 for three as they beat Pakistan by 169 runs at Trent Bridge on Tuesday. Victory in this day/night clash gave England an unbeatable 3-0

Published 01 Sep, 2016 12:00am

Israel approves 463 settlement homes: watchdog

Israeli authorities on Wednesday approved the construction of 463 homes for Jewish settlers in the occupied West Bank, the watchdog Peace Now said, despite growing international criticism over such projects. The approvals mostly involved new housing units

Published 01 Sep, 2016 12:00am

Japan typhoon kills nine in elderly home

Surging flood water and mud brought by a devastating typhoon killed nine people in an elderly care home in northern Japan, officials said Wednesday, after the third storm in two weeks ripped through the country. The bodies were discovered in a riverside c

Published 01 Sep, 2016 12:00am

North Korea executes vice premier in latest purge: South

North Korea has executed its vice premier for education and rebuked two high-ranking officials, South Korea said on Wednesday, which, if true, would mark a new series of measures by leader Kim Jong Un to discipline top aides. Kim took power in 2011 after

Published 01 Sep, 2016 12:00am

US, Russia claim credit as IS spokesman killed in Syria

Islamic State group spokesman and top strategist Abu Mohamed al-Adnani has been killed in Syria, the group said, with both Washington and Moscow claiming credit. Adnani was IS's propaganda chief, top recruiter and the reported mastermind of a string of IS

Published 01 Sep, 2016 12:00am

French 'flower power' photographer dies

One of France's most famous photojournalists, Marc Riboud, whose 1967 snap of a protester confronting US soldiers with a flower captured the movement against the Vietnam war, has died aged 93. Riboud, equally famed for a 1953 picture of a workman painting

Published 01 Sep, 2016 12:00am

Turkey wants to 'cleanse' strip of territory on Syrian border

Turkey wants to clear Islamic State from a 90-km (56-mile) stretch of territory on the Syrian side of its border, an official said on Wednesday, a week after it launched an incursion that has strained ties with the United States. Operation "Euphrates Shie

Published 01 Sep, 2016 12:00am

Clashes as Gabon's Bongo narrowly wins re-election

Gabon's president Ali Bongo was declared winner Thursday of contested weekend elections, extending half-a-century of rule by the Bongo family which sparked clashes in the Central African nation. Protesters shouting "Ali must go!" tried to storm the office

Published 01 Sep, 2016 12:00am

Inaugural commercial flight from US lands in Cuba

The first regular commercial flight in more than 50 years from the United States landed in Cuba on Wednesday, as the two nations took the latest step in their efforts to boost ties. JetBlue Flight 387 landed in the central Cuban city of Santa Clara a litt

Published 01 Sep, 2016 12:00am

Arab coalition raids kill 16 Yemenis

Saudi-led coalition warplanes struck a home in Yemen's rebel-held Saada province killing 16 people, including women and children, the Iran-backed insurgents said on Wednesday. Residents said the air raids hit the house overnight, while the Huthi rebels' s

Published 01 Sep, 2016 12:00am

Kerry says no military solution to South China Sea dispute

US Secretary of State John Kerry called on Wednesday on China and the Philippines to abide by an international tribunal's decision on the disputed South China Sea and said there was no military solution to the problem. Kerry's remarks, made in a visit to

Published 01 Sep, 2016 12:00am

Kerry says no military solution to South China Sea dispute

Published 01 Sep, 2016 12:00am

Dar urged to withdraw tables of property valuations

President of the Karachi Chamber of Commerce and Industry (KCCI) Younus Muhammad Bashir has urged Federal Finance Minister Muhammad Ishaq Dar to withdraw Property Valuation Tables and continue the old system of collector's value.

Published 01 Sep, 2016 12:00am

'Arrangement' or an IMF Programme?

Was it an 'arrangement' or an IMF Programme in a traditional sense? The recently concluded three years IMF Programme under the Extended Fund Facility (EFF) is under scrutiny among the independent economists, within and outside Pakistan. An overwhelming co

Published 01 Sep, 2016 12:00am

GlaxoSmithKline Pakistan Limited

The largest pharmaceutical company in Pakistan by far, GlaxoSmithKline Pakistan Limited (PSX: GLAXO) came into being in 2001, by the merger of SmithKline and French of Pakistan Limited, Beecham Pakistan (Private) Limited, and Glaxo Wellcome (Pakistan) Lim

Published 01 Sep, 2016 12:00am

GlaxoSmithKline Pakistan Limited

Published 01 Sep, 2016 12:00am

Australian Agriculture Alumni Network launched

Australian Agriculture Alumni Network has been launched to work jointly and exchange research that will help uplift the sector in Pakistan. The launching ceremony was held at a local hotel with Vice Chancellor Professor Dr Iqrar Ahmad Khan as the chief gu

Published 01 Sep, 2016 12:00am

Punjab SDGs Support Unit made functional

The Punjab Sustainable Development Goals (SDGs) Support Unit set up with technical assistance from the UNDP and Planning Commission of Pakistan at Punjab Planning & Development Department has been made functional on Wednesday. The SDGs Support Unit will s

Published 01 Sep, 2016 12:00am

Pakistan-Kenya JMC in December to discuss economic policies

Joint Ministerial Commission of Pakistan and Kenya will be held in Islamabad in December 2016, in order to discuss futuristic economic policies to fully exploit the US one billion dollar trade potential of the two countries. While addressing the members o

Published 01 Sep, 2016 12:00am

Cotton

Cotton production: Shahbaz expresses dismay over shortfall

Punjab Chief Minister Shahbaz Sharif has warned the agriculture sector departments, agri-experts and scientists to increase cotton and other commodities production in three months or leave for home. Expressing dismay over drastic shortfall in cotton produ

Published 01 Sep, 2016 12:00am

Punjab Health Foundation being automated

The Punjab Health Foundation (PHF) is being automated and the whole process from receiving of applications to issuance of interest-free loan would be online. Managing Director Punjab Health Foundation Dr Suhail Saqlain said here Wednesday that steps are b

Published 01 Sep, 2016 12:00am

Don't freeze bank accounts, FPCCI asks FBR

Regional Chairman of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Mian Rehman Aziz has called upon the FBR to stop attaching/freezing of bank accounts of business entities without issuing prior notice. In a statement on Wednesday

Published 01 Sep, 2016 12:00am

CM condoles death of Maulana Kasuri

Punjab Chief Minister Shahbaz Sharif has expressed deep sense of sorrow and grief over the death of renowned religious scholar and former Chairman Quran Board Punjab, Maulana Ahmed Ali Kasuri. In a condolence message, the Chief Minister paid tributes to t

Published 01 Sep, 2016 12:00am

BCP, Scotland government organise 'employer engagement' seminar

British Council Pakistan and the Government of Scotland on Wednesday organised an employer engagement seminar to provide support and assist industry partners to improve current practices and learn from best case practices in Scotland. The seminar was a co

Published 01 Sep, 2016 12:00am

NJHP completion: Wapda Chairman concerned over timelines set

The Water and Power Development Authority Chairman Lieutenant General Muzammil Hussain (R) has expressed concern over the timelines set for completion of under-construction 969 MW-Neelum Jhelum Hydropower Project. He has urged the project authorities to r

Published 01 Sep, 2016 12:00am

PPP coordination bodies finalise new party setup in Punjab

The Co-ordination committees of Pakistan Peoples' Party have finalised new party set up in Punjab by finalising the names for top party slots at the provincial, divisional and district level. "Names for the Central and South Punjab have been forwarded to

Published 01 Sep, 2016 12:00am

AJK president calls on Governor KP

President of Azad Jammu and Kashmir Sardar Muhammad Masood Khan has called on KP Governor Iqbal Zafar Jhagra at Pakhtunkhwa House, Islamabad on Wednesday. He remained with the governor for some time and discussed matters related to Azad Jammu and Kashmir

Published 01 Sep, 2016 12:00am

Peshawar becomes member of UK-based SCN

Peshawar City has become member of UK based global network of municipal leaders, local government practitioners and local communities in building community resilience and social cohesion to counter violent extremism, "Strong Cities' Network (SCN)". SCN ha

Published 01 Sep, 2016 12:00am

A rejoinder to Dr Pasha's article by MoF

This is with reference to the news item published in Business Recorder titled "Burgeoning external debt" by Dr Hafiz Pasha. The article used incorrect basis to arrive at misleading indicators and conclusions with regard to public external debt as p

Published 01 Sep, 2016 12:00am

Low cost & social housing schemes: Centre, provinces & CDA asked to chalk out policies

The Supreme Court on Wednesday issued directives to the federal and provincial governments along with Capital Development Authority (CDA) to chalk out policies for low cost and social housing schemes, rehabilitation of slums and construction of social cen

Published 01 Sep, 2016 12:00am

CCI can rescue employees of devolved EOBI, PAC told

A parliamentary panel on Wednesday observed that the Council of Common Interests (CCI) can rescue the devolved Employees' Old-age Benefits Institution (EOBI) after two provinces refused to run it on provincial level. In a briefing on the EOBI to the Publi

Published 01 Sep, 2016 12:00am

Population census: Supreme Court accepts AGP's plea

The Supreme Court on Wednesday accepted the plea of Attorney General for Pakistan for more time for consultation with the government over conducting Population Census at the earliest in the country. Resuming the hearing of a suo motu case over delay in Po

Published 01 Sep, 2016 12:00am

Altaf's provocative speeches: Nisar hands over evidence to UK HC

Interior Minister Chaudhry Nisar Ali Khan has asked the British High Commissioner Thomas Drew to take action against MQM founding leader Altaf Hussain over inciting people against Pakistan through his provocative speeches while sitting in London.

Published 01 Sep, 2016 12:00am

CCP releases comprehensive study on meat sector

The Competition Commission of Pakistan (CCP) on Wednesday released a comprehensive study on the meat sector in Pakistan for public comments, covering issues such as price monitoring and quality of meat and also exploring the growth potential of the sector

Published 01 Sep, 2016 12:00am

Nepra fails to address complaints of K-Electric's consumers

Despite passage of three months since submission of numerous complaints against K-Electric's excessive billing, the National Electric Power Regulatory Authority (NEPRA) seems reluctant to make appropriate decisions. Sources said some 52 consumers approach

Published 01 Sep, 2016 12:00am

Fishermen perturbed over boat congestion

Boats congestion continues to create hurdles insides the navigational channels of Karachi fish harbour for the incoming vessels to unload seafood catch, fishermen said on Wednesday. Talking to Business Recorder, the fishermen said that the abandoned boats

Published 01 Sep, 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	8,237.58
Dow Jones / Oct 10	42,512
Germany DAX 30 / Oct 10	19,203.44

Item	Value
Crude Oil USD/Barrel / Oct 10	73.73
Karachi Cotton PKR/37.32 KG / Oct 10	17,985
Gold 10 Grams PKR / Oct 10	236,197
Gold Spot USD/Ounce / Oct 10	2,615.22
Cotton US¢/pound / Oct 10	72.37
Petrol/Litre / Oct 11	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 11 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 11 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 11 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 11 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 11 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 11 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 11 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 11 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 11 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 11 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 11 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 11 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 11 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 11 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 11 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 11 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 11 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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