News Archives for Print - 2016-10-17 - Business Recorder

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اردو

Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print - 2016-10-17

'Sugar has become a political commodity,' says Chairman - Pakistan Sugar Mills Association

Cotton

'Sugar has become a political commodity,' says Chairman - Pakistan Sugar Mills Association

BR Research recently sat down with Pakistan Sugar Mills Association (PSMA) Chairman Javed Kayani to hear his take on Pakistan's sugar industry. Mr. Javed is a veteran of the sugar industry and possesses considerable experience of the overall value cha

Published 17 Oct, 2016 12:00am

Regional office of Smeda to be established in Multan: Gondal

Regional office of Smeda to be established in Multan: Gondal

Federal Secretary for Industries and Production Khizar Hayat Gondal has assured that a full-fledged regional office of Smeda would be established in Multan to facilitate the people of Southern Punjab.

Published 17 Oct, 2016 12:00am

Students protest against wrong marking

Students protest against wrong marking

Hundreds of thousands of Intermediate (part-I) students of Lahore, Gujranwala, Multan, Boards of Intermediate and Secondary education have been taking to streets for past three days against 'wrong marking' of their papers and demanded remarking.

Published 17 Oct, 2016 12:00am

Three missing girls recovered in Karachi

Three missing girls recovered in Karachi

Anti Violent Crime Cell (AVCC) and Citizens Police Liaison Committee (CPLC) on Sunday conducted a joint raid at a house in Liaquatabad area of the metropolis and recovered three girls who had gone missing from Saudabad area on Friday. Rabia, Bisma and Iqr

Published 17 Oct, 2016 12:00am

PML-N leader for resolving political issues in Parliament

PML-N leader for resolving political issues in Parliament

Senior Pakistan Muslim League-N (PML-N) leader Saleem Saifullah Khan has said that political issues should be resolved in the parliament and urged the Prime Minister Nawaz Sharif to giving maximum time to National Assembly and establishment better working

Published 17 Oct, 2016 12:00am

Pakistan wants to resolve all issues with India through dialogue: Basit

Pakistan wants to resolve all issues with India through dialogue: Basit

Pakistan's High Commissioner in India Abdul Basit says Pakistan wants to resolve all outstanding issues with India through composite and result oriented dialogue process.

Published 17 Oct, 2016 12:00am

Aaj TV - Monday's schedule

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 17 Oct, 2016 12:00am

Your rupee last week

Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (October 10 to 14 2016).

Published 17 Oct, 2016 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JANUARY TO JUNE 2016)

Returns on Profit and Loss Sharing Investment Bank Accounts (JANUARY TO JUNE 2016)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 17 Oct, 2016 12:00am

The Weather

The Weather

The weather report on Sunday (October 16, 2016) and the forecast for Monday (October 17, 2016).

Published 17 Oct, 2016 12:00am

First Chinese ship docks at Gwadar

First Chinese ship docks at Gwadar

First Chinese ship finally arrived at Gwadar port that is centre of $46 billion China-Pakistan economic corridor (CPEC) project between Beijing and Islamabad. The project is the beginning of a journey of prosperity of Pakistan. The economic corridor is ab

Published 17 Oct, 2016 12:00am

First Chinese ship docks at Gwadar

First Chinese ship docks at Gwadar

First Chinese ship finally arrived at Gwadar port that is centre of $46 billion China-Pakistan economic corridor (CPEC) project between Beijing and Islamabad. The project is the beginning of a journey of prosperity of Pakistan. The economic corridor is ab

Published 17 Oct, 2016 12:00am

First Chinese ship docks at Gwadar

First Chinese ship docks at Gwadar

First Chinese ship finally arrived at Gwadar port that is centre of $46 billion China-Pakistan economic corridor (CPEC) project between Beijing and Islamabad. The project is the beginning of a journey of prosperity of Pakistan. The economic corridor is ab

Published 17 Oct, 2016 12:00am

THE RUPEE: easier trend

Currency

THE RUPEE: easier trend

Falling trend was seen on the money market as the rupee shed modestly against the dollar during the shortened week on account of Ashura holidays. In the interbank market, the rupee shed nine paisas versus the dollar for buying and selling at Rs 104.73 and

Published 17 Oct, 2016 12:00am

THE RUPEE: easier trend

Currency

THE RUPEE: easier trend

Falling trend was seen on the money market as the rupee shed modestly against the dollar during the shortened week on account of Ashura holidays. In the interbank market, the rupee shed nine paisas versus the dollar for buying and selling at Rs 104.73 and

Published 17 Oct, 2016 12:00am

India's PM escalates his sinister drive

India's PM escalates his sinister drive

Indian Prime Minister Narendra Modi branded Pakistan a "mother-ship of terrorism" at a summit of the BRICS nations on Sunday, testing the cohesion of a group whose heavyweight member China is a close ally of India's arch-rival. Modi's remarks to a meeting

Published 17 Oct, 2016 12:00am

India's PM escalates his sinister drive

India's PM escalates his sinister drive

Indian Prime Minister Narendra Modi branded Pakistan a "mother-ship of terrorism" at a summit of the BRICS nations on Sunday, testing the cohesion of a group whose heavyweight member China is a close ally of India's arch-rival. Modi's remarks to a meeting

Published 17 Oct, 2016 12:00am

Pakistan reacts strongly

Pakistan reacts strongly

Pakistan is unified in its fight against terrorism including against the Indian state sponsored terrorism and terror financing on Pakistani soil.

Published 17 Oct, 2016 12:00am

Pakistan reacts strongly

Pakistan reacts strongly

Pakistan is unified in its fight against terrorism including against the Indian state sponsored terrorism and terror financing on Pakistani soil.

Published 17 Oct, 2016 12:00am

CPEC enters into full implementation: envoy

CPEC enters into full implementation: envoy

Chinese Ambassador to Pakistan Sun Weidong said on Sunday that China Pakistan Economic Corridor (CPEC) has entered into full implementation with rapid progress and construction of six early harvest projects worth $13.8 billion.

Published 17 Oct, 2016 12:00am

CPEC enters into full implementation: envoy

CPEC enters into full implementation: envoy

Chinese Ambassador to Pakistan Sun Weidong said on Sunday that China Pakistan Economic Corridor (CPEC) has entered into full implementation with rapid progress and construction of six early harvest projects worth $13.8 billion.

Published 17 Oct, 2016 12:00am

CPEC enters into full implementation: envoy

CPEC enters into full implementation: envoy

Chinese Ambassador to Pakistan Sun Weidong said on Sunday that China Pakistan Economic Corridor (CPEC) has entered into full implementation with rapid progress and construction of six early harvest projects worth $13.8 billion.

Published 17 Oct, 2016 12:00am

Successful 'Salaam Shuhada' rally: Bilawal takes full advantage of MQM's woes

Successful 'Salaam Shuhada' rally: Bilawal takes full advantage of MQM's woes

Pakistan People's Party's (PPP) Chairman Bilawal Bhutto Zardari, while addressing a rally in Lyari on Sunday, said that those who were speaking about the partition of Sindh now themselves stood divided. Bilawal also declared that he would set people free

Published 17 Oct, 2016 12:00am

Successful 'Salaam Shuhada' rally: Bilawal takes full advantage of MQM's woes

Successful 'Salaam Shuhada' rally: Bilawal takes full advantage of MQM's woes

Pakistan People's Party's (PPP) Chairman Bilawal Bhutto Zardari, while addressing a rally in Lyari on Sunday, said that those who were speaking about the partition of Sindh now themselves stood divided. Bilawal also declared that he would set people free

Published 17 Oct, 2016 12:00am

PPP chief sets four demands for Prime Minister

PPP chief sets four demands for Prime Minister

Chairman, Pakistan People's Party (PPP), Bilawal Bhutto Zardari, has warned Prime Minister Nawaz Sharif of long march if he did not meet his four demands. Addressing a mammoth Salam Shuhada rally at Karsaz, Bilawal said that if the government did not meet

Published 17 Oct, 2016 12:00am

PPP chief sets four demands for Prime Minister

PPP chief sets four demands for Prime Minister

Chairman, Pakistan People's Party (PPP), Bilawal Bhutto Zardari, has warned Prime Minister Nawaz Sharif of long march if he did not meet his four demands. Addressing a mammoth Salam Shuhada rally at Karsaz, Bilawal said that if the government did not meet

Published 17 Oct, 2016 12:00am

Positive trend continues

Positive trend continues

Positive trend continued on the Pakistan Stock Exchange (PSX) throughout the week and the benchmark KSE-100 index increased by 263.83 points to close at the new highest level of 41,464.31 points.

Published 17 Oct, 2016 12:00am

Positive trend continues

Positive trend continues

Positive trend continued on the Pakistan Stock Exchange (PSX) throughout the week and the benchmark KSE-100 index increased by 263.83 points to close at the new highest level of 41,464.31 points.

Published 17 Oct, 2016 12:00am

Positive trend continues

Positive trend continues

Positive trend continued on the Pakistan Stock Exchange (PSX) throughout the week and the benchmark KSE-100 index increased by 263.83 points to close at the new highest level of 41,464.31 points.

Published 17 Oct, 2016 12:00am

Future spread increases by 151 basis points

Future spread increases by 151 basis points

The future spread increased by 151bps to 8.14 percent during the week ended October 14, 2016. Trading activities on the futures counter remained low as the average daily volumes at the future counter decreased by 23.8 percent to 46.95 million shares durin

Published 17 Oct, 2016 12:00am

Future spread increases by 151 basis points

Future spread increases by 151 basis points

The future spread increased by 151bps to 8.14 percent during the week ended October 14, 2016. Trading activities on the futures counter remained low as the average daily volumes at the future counter decreased by 23.8 percent to 46.95 million shares durin

Published 17 Oct, 2016 12:00am

Future spread increases by 151 basis points

Future spread increases by 151 basis points

The future spread increased by 151bps to 8.14 percent during the week ended October 14, 2016. Trading activities on the futures counter remained low as the average daily volumes at the future counter decreased by 23.8 percent to 46.95 million shares durin

Published 17 Oct, 2016 12:00am

4th nuclear power plant becomes operational

4th nuclear power plant becomes operational

Country's fourth nuclear power plant at Chashma Unit-3 (C-3) with 340 Megawatt (MW) power generation capacity, has been successfully connected to the national grid, Pakistan Atomic Energy Commission (PAEC) revealed to APP on Sunday.

Published 17 Oct, 2016 12:00am

4th nuclear power plant becomes operational

4th nuclear power plant becomes operational

Country's fourth nuclear power plant at Chashma Unit-3 (C-3) with 340 Megawatt (MW) power generation capacity, has been successfully connected to the national grid, Pakistan Atomic Energy Commission (PAEC) revealed to APP on Sunday.

Published 17 Oct, 2016 12:00am

4th nuclear power plant becomes operational

4th nuclear power plant becomes operational

Country''s fourth nuclear power plant at Chashma Unit-3 (C-3) with 340 Megawatt (MW) power generation capacity, has been successfully connected to the national grid, Pakistan Atomic Energy Commission (PAEC) revealed to APP on Sunday.

Published 17 Oct, 2016 12:00am

Prices of essential food commodities remain high

Prices of essential food commodities remain high

Prices of essential food commodities remained high as no significant change witnessed during the preceding week as compared to previous week, according to a survey conducted by Business Recorder here on Sunday.

Published 17 Oct, 2016 12:00am

Corporate sector: CCP issues new guidelines on abuse of dominant position

Corporate sector: CCP issues new guidelines on abuse of dominant position

The companies involved in 'predatory pricing' are committing violation of competition law where such undertakings are setting or maintaining prices lower than below cost pricing, using market power to eliminate competition or drive their competitors out f

Published 17 Oct, 2016 12:00am

PU to host global conference

PU to host global conference

Punjab University Institute of Languages in collaboration with Higher Education Commission Pakistan will organise three-day 2nd international conference of the Linguistic Association of Pakistan (ICLAP) on Tuesday October 18, 2016 at Al Raazi Hall.

Published 17 Oct, 2016 12:00am

Rs 100 billion to be allocated for Fata in next NFC award: Senator

Rs 100 billion to be allocated for Fata in next NFC award: Senator

Taj Mohammad Afridi, a Senator from Federally Administered Tribal Area (FATA) has said on Sunday that the government will allocate an amount of Rs 100 billion for FATA in the next National Finance Commission (NFC) Award.

Published 17 Oct, 2016 12:00am

Punjab treats overseas Pakistanis as 'VIPs': Mashhood

Punjab treats overseas Pakistanis as 'VIPs': Mashhood

Keeping in view the multifaceted role and importance of overseas Pakistanis in strengthening the national economy, the Punjab Government has always treated them as VIPs as they are torch-bearers of Pakistani traditions abroad. Minister Education /Chairper

Published 17 Oct, 2016 12:00am

World Food Day observed

World Food Day observed

World Food Day observed on Sunday with theme 'The climate is changing. Food and Agriculture must too'. United Nations General Secretary through his message said as the global population expands, we will need to satisfy an increasing demand for food.

Published 17 Oct, 2016 12:00am

Punjab government making all-out efforts to increase food production: minister

Cotton

Punjab government making all-out efforts to increase food production: minister

Provincial Minister for Food, Bilal Yasin has said the government is making all out efforts to increase food production for meeting food requirements of the entire country.

Published 17 Oct, 2016 12:00am

Mobilink launches new 'Ba Khabar Kisan' service

Mobilink launches new 'Ba Khabar Kisan' service

Mobilink on Sunday launched its new value-added service (VAS) "Ba Khabar Kisaan" to connect farmers, agribusinesses and rural communities and increase productivity, profitability and innovation in the agriculture sector by providing timely and accurate in

Published 17 Oct, 2016 12:00am

China confirms sale of 8 attack submarines

China confirms sale of 8 attack submarines

China Shipbuilding Industry Corporation confirmed a project to export 8 attack submarines to Pakistan, China Shipbuilding Online reports. The corporation held a conference to discuss the details of the arrangement. The corporation's chairman, Hu Wenming,

Published 17 Oct, 2016 12:00am

Prime Minister may announce huge package for exporters

Currency

Prime Minister may announce huge package for exporters

Prime Minister Nawaz Sharif is expected to announce Rs100-125 billion package for exporters with a major share for textile sector aimed at reversing the declining trend in exports as Commerce Ministry was not willing to accept sole responsibility for the

Published 17 Oct, 2016 12:00am

Fertiliser: finance minister for maintaining strategic reserves

Fertiliser: finance minister for maintaining strategic reserves

Finance Minister Ishaq Dar chaired a meeting here to review the fertiliser stock position in the country in view of the forthcoming cropping season.

Published 17 Oct, 2016 12:00am

Two soldiers killed in NW

Two soldiers killed in NW

Two soldiers were killed and one injured in cross border firing near the Afghan border in the restive north-west, officials said Sunday.

Published 17 Oct, 2016 12:00am

Equal distribution of resources vital for eradicating poverty: Shahbaz

Equal distribution of resources vital for eradicating poverty: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that service to the ailing humanity and eradication of poverty are high values of humanity. It is the golden principle of Islam that every human being should lead respectable life, he added. He said e

Published 17 Oct, 2016 12:00am

JI chief urges people to support his party

JI chief urges people to support his party

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, has said that the masses would dig out the plunderers even if they hid themselves deep under the earth and would not allow the feudal lords and capitalists to digest the national wealth.

Published 17 Oct, 2016 12:00am

PDWP approves four welfare schemes worth Rs 2525 million

PDWP approves four welfare schemes worth Rs 2525 million

The Punjab Provincial Development Working Party approved four development schemes of road sector with an estimated cost of Rs 2525.451 million. The schemes were approved in the 21st meeting of Provincial Development Working Party (PDWP) of current fiscal

Published 17 Oct, 2016 12:00am

President reiterates support for Kashmiri people

President reiterates support for Kashmiri people

President Mamnoon Hussain on Sunday said Kashmir was Pakistan's jugular vein and it would continue to proactively extend moral, diplomatic and political support to Kashmiris for attainment of their right of self-determination. The President was talking to

Published 17 Oct, 2016 12:00am

System of governance still characterised by colonial mindset?

System of governance still characterised by colonial mindset?

Colonial system which was primarily introduced by British government to control the residents of Indo-Pak subcontinent hundreds of years ago still prevails in Pakistan. That is why our direction to the real development not corrects. Until and unless insti

Published 17 Oct, 2016 12:00am

Government should patronise cotton growers: PCGA chief

Cotton

Government should patronise cotton growers: PCGA chief

Chairman of Pakistan Cotton Ginners Association (PCGA) Dr Jeso Mal has said the government should patronise the cotton growers and it must ensure purchase of their produce on fair price to boost up the cotton production up to 20 million bales and saving f

Published 17 Oct, 2016 12:00am

Second edition of mystic Hindko poetry of Hazarvi published

Second edition of mystic Hindko poetry of Hazarvi published

The Gandhara Hindko Academy (GHA) has published a book that has the "charbaitas" or special form of poetry of great Hindko mystic poet Sain Ghulam Deen Hazarvi.

Published 17 Oct, 2016 12:00am

World Anaesthesia Day observed

World Anaesthesia Day observed

Like other parts of the globe, World Anaesthesia Day was also observed in Pakistan on Sunday to create awareness about the importance of the day. Several private and public hospitals and other medical institutes arranged a number of activities, including

Published 17 Oct, 2016 12:00am

Traders urge government to clear refund claims

Traders urge government to clear refund claims

The business community, exporters and industrialists of the Southern Punjab have urged upon the government to pay their income tax, GST refunds immediately and the fate of deferred refund claims must be decided once and for all which are pending since 200

Published 17 Oct, 2016 12:00am

Shahbaz optimistic about economic prospects

Shahbaz optimistic about economic prospects

Punjab Chief Minister Shahbaz Sharif has said that efforts of the government for economic stability have proved fruitful and international institutions are also acknowledging improvement of national economy. He was talking to legislator Ghulam Bibi Bharwa

Published 17 Oct, 2016 12:00am

65th death anniversary of Liaquat Ali Khan observed

65th death anniversary of Liaquat Ali Khan observed

The 65th death anniversary of Shaheed-e-Millat Khan Liaqat Ali Khan, the first prime minister of Pakistan, was observed on Sunday, October 16. People from various walks of life paid homage to Shaheed Liaqat Ali Khan for his immense services for the cause

Published 17 Oct, 2016 12:00am

Fazl asks PTI to shun 'political gimmickry'

Fazl asks PTI to shun 'political gimmickry'

Chief of JUI (F) Maulana Fazlur Rehman has strongly criticised the PTI leader Imran Khan for his attempts to block Islamabad, saying the issue of Panama Leaks is in the court and no attempt should be made for political gimmickry.

Published 17 Oct, 2016 12:00am

Two 'terrorists' killed in Quetta

Two 'terrorists' killed in Quetta

Two suspected terrorists were killed as a result of gun battle with Frontier Corps in Quetta on Saturday night. According to reports, FC and police conducted combing operations in different areas of the provincial capital late Saturday.

Published 17 Oct, 2016 12:00am

US, Britain mulling sanctions over Syria siege

US, Britain mulling sanctions over Syria siege

The United States and Britain warned on Sunday that Western allies were considering imposing sanctions against economic targets in Syria and Russia over the siege of Aleppo. US Secretary of State John Kerry branded the bombardment of civilians in the Syri

Published 17 Oct, 2016 12:00am

Afghanistan burns five tonnes of drugs, alcohol in single blaze

Afghanistan burns five tonnes of drugs, alcohol in single blaze

Afghan authorities on Sunday burned around five tonnes of heroin, hashish, drug-making chemicals and alcohol in a show of their commitment to curbing drug trafficking.

Published 17 Oct, 2016 12:00am

Somali government shuts down newspaper, arrests editor

Somali government shuts down newspaper, arrests editor

Somali security forces shut down a newspaper and arrested an editor, the Somali journalists' union said on Sunday, the latest crackdown in what reporters say is a climate of intimidation. Intelligence officers stormed the offices of Xog Ogaal, confiscatin

Published 17 Oct, 2016 12:00am

Syria rebels capture emblematic IS stronghold Dabiq

Syria rebels capture emblematic IS stronghold Dabiq

Syrian rebels dealt a major symbolic blow to the Islamic State group on Sunday by capturing the town of Dabiq where the jihadists had promised an apocalyptic battle.

Published 17 Oct, 2016 12:00am

Thousands flee as typhoon lashes Philippines

Thousands flee as typhoon lashes Philippines

Typhoon Sarika lashed the main Philippine island of Luzon on Sunday, flattening homes and toppling trees and power pylons as more than 12,000 people fled to safer ground, officials said. Minor landslides and flooding were also reported a day after the cyc

Published 17 Oct, 2016 12:00am

Paragliders fill Bali's skies for new world record

Paragliders fill Bali's skies for new world record

More than 100 multi-coloured paragliders filled the sky over Indonesia's Bali island Sunday, as they set a new world record for the largest number of gliders flying at the same time. They set off from rugged clifftops in the south of the resort island and

Published 17 Oct, 2016 12:00am

China to launch manned spacecraft

China to launch manned spacecraft

China will launch a manned space mission on Monday, official media said, as the Asian giant works towards setting up its own space station. Chinese astronauts Jing Haipeng and Chen Dong will be on board the Shenzhou-11 spacecraft as it blasts off from the

Published 17 Oct, 2016 12:00am

Suicide bombing targeting Shias kills two in Baghdad

Suicide bombing targeting Shias kills two in Baghdad

A suicide bombing targeting Shia Muslims killed at least two people in Baghdad on Sunday, officials said, a day after the deadliest attack to hit the Iraqi capital in months. The bombing in central Baghdad, which targeted a tent where Shias distribute foo

Published 17 Oct, 2016 12:00am

Putin dismisses US hacking claims as pre-election ploy

Putin dismisses US hacking claims as pre-election ploy

President Vladimir Putin on Sunday said US claims Russia had directed cyber attacks against Washington sought to "distract" American voters from domestic problems.

Published 17 Oct, 2016 12:00am

Huge press freedom rally in Budapest after top daily closed

Huge press freedom rally in Budapest after top daily closed

Several thousand people marched in Budapest Sunday to demand press freedom and protest against the sudden closure of Hungary's top-selling political daily Nepszabadsag which had criticised the government.

Published 17 Oct, 2016 12:00am

Bangladesh hangs Islamist extremist over 2005 blast

Bangladesh hangs Islamist extremist over 2005 blast

Prison authorities in Bangladesh's southern city of Khulna on Sunday executed a senior Islamic extremist whose banned group has been linked to the murder of foreign hostages, police said. Asadul Islam, 42, a leader of the outlawed Jamayetul Mujahideen Ban

Published 17 Oct, 2016 12:00am

5.2 quake rattles northwestern Greece, no injuries

5.2 quake rattles northwestern Greece, no injuries

A 5.2-magnitude earthquake struck the northwestern Greek city of Ioannina, the Athens Observatory's geodynamic institute said Sunday, causing minor damage but no injuries. The earthquake struck at 2014 GMT on Saturday and was followed by numerous aftersho

Published 17 Oct, 2016 12:00am

Wall Street week ahead: investors seek profit turnaround to drive stocks higher

Wall Street week ahead: investors seek profit turnaround to drive stocks higher

A heavy slate of US corporate earnings could set the course next week for a wavering US stock market. Better-than-expected big bank earnings on Friday somewhat helped shore up Wall Street's confidence, which has been shaken by a rocky beginning to third-q

Published 17 Oct, 2016 12:00am

Two European IPO cancellations temper hopes of market upturn

Two European IPO cancellations temper hopes of market upturn

Two European companies cancelled plans to IPO on Tuesday due to unfavourable conditions, joining a growing number of firms to cancel listings this year amid disappointing debuts for many that did brave choppy markets.

Published 17 Oct, 2016 12:00am

It's lonely at the top for FTSE 100 index

Currency

It's lonely at the top for FTSE 100 index

As sterling plumbs the depths, foreign investors are withdrawing from British stocks and leaving domestic funds to push the benchmark bluechip index to record highs - for now. But some investors are growing nervous about how long the sterling-based funds,

Published 17 Oct, 2016 12:00am

Saudi Arabia firms on FX peg in bond roadshow

Currency

Saudi Arabia firms on FX peg in bond roadshow

Saudi Arabia said it would do anything necessary to defend the riyal currency's peg against the US dollar as it began meeting investors before its first international sovereign bond sale, according to people who attended the meetings.

Published 17 Oct, 2016 12:00am

Saudi Arabia firms on FX peg in bond roadshow

Currency

Saudi Arabia firms on FX peg in bond roadshow

Saudi Arabia said it would do anything necessary to defend the riyal currency's peg against the US dollar as it began meeting investors before its first international sovereign bond sale, according to people who attended the meetings.

Published 17 Oct, 2016 12:00am

Gulf markets fall across region, NCB earnings hit Saudi index

Gulf markets fall across region, NCB earnings hit Saudi index

The performance of banking shares weighed on Saudi Arabia's market index on Sunday after the largest listed bank reported profits below analysts' expectations, while indexes for other markets in the region also fell.

Published 17 Oct, 2016 12:00am

Fed, Brazil reforms likely to sustain Latam equity rally

Fed, Brazil reforms likely to sustain Latam equity rally

Latin American stocks will keep rising in the coming year, with investors snapping up Brazilian shares on hopes a budget reform will bring down borrowing costs, a Reuters poll showed.

Published 17 Oct, 2016 12:00am

Daily currency trading volumes jumped to $5 trillion

Currency

Daily currency trading volumes jumped to $5 trillion

Average daily trading in the global currency market jumped to $4.99 trillion in September, up almost 7 percent from the previous month, data from settlement system CLS showed on Thursday. That was also higher than the $4.81 trillion daily average in the s

Published 17 Oct, 2016 12:00am

Foreigners cut down on emerging Asia bonds on belief US rate hike coming

Foreigners cut down on emerging Asia bonds on belief US rate hike coming

Foreign investors have cut holdings in most emerging Asian government bonds so far this month on expectations that US interest rates will rise in December and that other major central banks will not ease further.

Published 17 Oct, 2016 12:00am

Foreigners cut down on emerging Asia bonds on belief US rate hike coming

Foreigners cut down on emerging Asia bonds on belief US rate hike coming

Foreign investors have cut holdings in most emerging Asian government bonds so far this month on expectations that US interest rates will rise in December and that other major central banks will not ease further.

Published 17 Oct, 2016 12:00am

US SEC approves fund liquidity rules, goes easy on ETFs

US SEC approves fund liquidity rules, goes easy on ETFs

The top US securities regulator on Thursday approved rules designed to protect mutual fund investors from the effects of a sudden selloff, but it left for another day some of the dicier issues involved.

Published 17 Oct, 2016 12:00am

US SEC approves fund liquidity rules, goes easy on ETFs

US SEC approves fund liquidity rules, goes easy on ETFs

The top US securities regulator on Thursday approved rules designed to protect mutual fund investors from the effects of a sudden selloff, but it left for another day some of the dicier issues involved.

Published 17 Oct, 2016 12:00am

Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

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

Published 17 Oct, 2016 12:00am

Global economy in precarious state, Xi tells BRICS summit

Global economy in precarious state, Xi tells BRICS summit

China's President Xi Jinping warned Sunday that the global economy remained in a precarious condition as leaders of the BRICS group of nations tried to find ways to fire up growth in the troubled bloc.

Published 17 Oct, 2016 12:00am

BRICS agrees to fast-track new credit rating agency

BRICS agrees to fast-track new credit rating agency

The BRICS nations agreed on Sunday to fast-track the setting up of their own credit-rating agency to better cater to developing economies, rivalling existing ones based in Western countries. Prime Minister Narendra Modi said they agreed to move ahead on t

Published 17 Oct, 2016 12:00am

Australian, New Zealand carriers ban recalled Samsung phone

Australian, New Zealand carriers ban recalled Samsung phone

Australian and New Zealand airlines barred the recalled Samsung Note 7 from all planes starting Sunday citing its "potential fire risk", after a similar ban was imposed by US officials.

Published 17 Oct, 2016 12:00am

Mentor Graphics working with BoA to explore sale

Mentor Graphics working with BoA to explore sale

Mentor Graphics Corp, a company that makes software for designing semiconductors, is working with Bank of America Corp to explore strategic alternatives, including a potential sale, according to people familiar with the matter.

Published 17 Oct, 2016 12:00am

China third quarter growth seen steadying at 6.7 percent but property frenzy a worry

Currency

China third quarter growth seen steadying at 6.7 percent but property frenzy a worry

China's economy likely grew 6.7 percent in the third quarter from a year earlier, the same pace as in the previous quarter, as increased government spending and a property boom offset stubbornly weak exports, according to a Reuters poll of 58 economists.

Published 17 Oct, 2016 12:00am

Bypassing congress, Maduro decrees Venezuela budget

Bypassing congress, Maduro decrees Venezuela budget

Venezuelan President Nicolas Maduro issued the government's 2017 budget by decree Friday, bypassing the opposition-held legislature in a move that could deepen the country's economic crisis.

Published 17 Oct, 2016 12:00am

Spain admits it will miss deficit targets

Spain admits it will miss deficit targets

Spain, mired in political deadlock just as it emerges from a six-year recession, has admitted it will overshoot its budget deficit target next year. The finance ministry said it informed the European Commission that it provisionally forecast its budget de

Published 17 Oct, 2016 12:00am

Christie's seeks more 'realistic' auction prices

Christie's seeks more 'realistic' auction prices

The global economic slowdown combined with "selective demand" are pushing Christie's to seek more realistic prices on their collections, directors of the auction house said Sunday.

Published 17 Oct, 2016 12:00am

After phasing out scare, all eyes on ECB's stimulus plans

After phasing out scare, all eyes on ECB's stimulus plans

European Central Bank chief Mario Draghi will be under pressure this week to clarify the bank's stimulus plans after investors were spooked by talk of an end to its massive bond-buying programme.

Published 17 Oct, 2016 12:00am

Strikes cause turbulence at Kenya Airways

Strikes cause turbulence at Kenya Airways

Kenya Airways, already facing financial difficulties and a threatened pilots' strike, cancelled five flights on Sunday after outsourced cabin crew walked off the job. While the stoppage only involved a small number of workers, it coincides with a deep mal

Published 17 Oct, 2016 12:00am

Bishoo sparks Pakistan collapse in first Test

Bishoo sparks Pakistan collapse in first Test

Leg-spinner Devendar Bishoo took a career best six wicket haul but Pakistan still swelled their lead over West Indies on the fourth day of the first Test in Dubai on Sunday.

Published 17 Oct, 2016 12:00am

Yasir becomes joint second fastest to 100 wickets

Yasir becomes joint second fastest to 100 wickets

Pakistan's leg-spinner Yasir Shah became the second joint-fastest bowler to take 100 wickets in all Test cricket on the fourth day of the first day-night match against West Indies in Dubai on Sunday.

Published 17 Oct, 2016 12:00am

Marquez wins season as Rossi, Lorenzo crash in Japan

Marquez wins season as Rossi, Lorenzo crash in Japan

Marc Marquez grabbed his third world championship by winning the Japan Grand Prix Sunday with rivals Valentino Rossi and Jorge Lorenzo crashing out in a stunning surprise. The 23-year-old Honda rider became the youngest man to win three premier-class worl

Published 17 Oct, 2016 12:00am

India post comprehensive win over New Zealand

India post comprehensive win over New Zealand

Bowlers set up India's comprehensive six-wicket win over New Zealand in the first one-day international as batting mainstay Virat Kohli anchored the hosts' chase in the low-scoring encounter in Dharamsala on Sunday. The hosts, who were chasing a modest 19

Published 17 Oct, 2016 12:00am

Swimmer dies in Hong Kong harbour race

Swimmer dies in Hong Kong harbour race

A swimmer drowned Sunday in Hong Kong and another was left in critical condition as they took part in the city's annual cross-harbour swim, which attracts world-class international competitors.

Published 17 Oct, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 17	280.67
USD PKR Interbank Buying / Apr 17	280.47
USD to Japanese Yen / Apr 17	142.81
USD to Swiss Franc / Apr 17	0.82
Pound Sterling to USD / Apr 17	1.32
Euro to USD / Apr 17	1.14
UK LIBOR % / Apr 16	4.96

Stock	Volume
S&P 500 / Apr 16	5,275.70
Nasdaq / Apr 16	16,307.16
Dow Jones / Apr 16	39,669.39
India Sensex / Apr 17	77,621.26
Tokyo Nikkei / Apr 17	34,285.53
Hang Seng / Apr 17	21,352.47
FTSE 100 / Apr 17	8,207.23
Germany DAX 30 / Apr 17	21,240.89
France CAC40 / Apr 17	7,290.96

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	16,985
Gold 10 Grams PKR / Apr 16	298,353
Petrol/Litre / Apr 17	254.63
Crude Oil USD/Barrel / Apr 17	63.25
Gold Spot USD/Ounce / Apr 17	3,331.95
Diesel/Litre / Apr 17	258.64
Cotton US¢/pound / Apr 17	66.66

Gainers
Losers
Leaders

Stock	Price
Ghazi Fabrics / Apr 17 Ghazi Fabrics International Limited(GFIL)	8.36 ▲ 1 (13.59%)
UDL International / Apr 17 UDL International Limited(UDLI)	8.52 ▲ 1 (13.3%)
Escorts Bank / Apr 17 Escorts Investment Bank Limited(ESBL)	6.84 ▲ 0.76 (12.5%)
Chakwal Spinning / Apr 17 Chakwal Spinning Mills Limited(CWSM)	57.93 ▲ 5.27 (10.01%)
United Brands / Apr 17 United Brands Limited(UBDL)	23.18 ▲ 2.11 (10.01%)
S.S.Oil / Apr 17 S.S.Oil Mills Limited(SSOM)	244.59 ▲ 22.24 (10%)
Pak Gulf Leasing / Apr 17 Pak-Gulf Leasing Company Limited(PGLC)	21.89 ▲ 1.99 (10%)
PIA Holding Co.B / Apr 17 PIA Holding Company Limited B(PIAHCLB)	1,928.97 ▲ 175.36 (10%)
Trust Sec.& Brok. / Apr 17 Trust Securities & Brokerage Limited(TSBL)	13.97 ▲ 1.27 (10%)
Bolan Casting / Apr 17 Bolan Castings Limited(BCL)	104.06 ▲ 9.46 (10%)

Stock	Price
Oilboy Energy(R) / Apr 17 Oilboy Energy Limited(R)(OBOYR2)	1.07 ▼ -0.31 (-22.46%)
Gulshan Sp. / Apr 17 Gulshan Spinning Mills Limited(GSPM)	3.48 ▼ -0.46 (-11.68%)
Blue-Ex Ltd / Apr 17 Blue-Ex Limited (GEM)(GEMBLUEX)	56.69 ▼ -6.29 (-9.99%)
Int. Knit. / Apr 17 International Knitwear Limited(INKL)	14.84 ▼ -1.56 (-9.51%)
Jubilee Gen. Ins. / Apr 17 Jubilee General Insurance Limited(JGICL)	49.52 ▼ -4.7 (-8.67%)
Bawany Air Products / Apr 17 Bawany Air Products Limited(BAPL)	32.39 ▼ -2.92 (-8.27%)
Asim Textile / Apr 17 Asim Textile Mills Limited(ASTM)	13.40 ▼ -1.2 (-8.22%)
Jahangir Sidd(Pref) / Apr 17 Jahangir Sidd(Pref)(JSCLPSA)	8.85 ▼ -0.6 (-6.35%)
Sanghar Sugar / Apr 17 Sanghar Sugar Mills Limited(SANSM)	50.83 ▼ -3.24 (-5.99%)
The Thal Ind.Corp. / Apr 17 The Thal Industries Corporation Limited(TICL)	340.04 ▼ -19.97 (-5.55%)

Stock	Volume
Maple Leaf Cement / Apr 17 Maple Leaf Cement Factory Limited(MLCF)	23,794,610 ▲ 3.81
B.O.Punjab / Apr 17 The Bank of Punjab(BOP)	23,321,095 ▲ 0.15
Cnergyico PK / Apr 17 Cnergyico PK Limited(CNERGY)	17,945,036 ▲ 0.02
Fauji Cement / Apr 17 Fauji Cement Company Limited(FCCL)	16,949,781 ▲ 1.19
National Bank / Apr 17 National Bank of Pakistan(NBP)	16,604,549 ▲ 4.2
WorldCall Telecom / Apr 17 Worldcall Telecom Limited(WTL)	14,865,718 ▲ 0
Pace (Pak) Ltd. / Apr 17 Pace (Pakistan) Limited(PACE)	14,613,210 ▲ 0.21
Sui South Gas / Apr 17 Sui Southern Gas Company Limited(SSGC)	11,876,679 ▲ 1.06
Hascol Petrol / Apr 17 Hascol Petroleum Limited(HASCOL)	10,975,030 ▲ 0.09
United BankXD / Apr 17 United Bank Limited(UBL)	10,968,701 ▲ 16.02

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Asian countries, including Pakistan, look to buy more US energy to offset trade imbalance

Asian countries, including Pakistan, look to buy more US energy to offset trade imbalance

Rs1.275trn loan to tackle circular debt: CPPA-G likely to sign term sheets with 18 banks

Rs1.275trn loan to tackle circular debt: CPPA-G likely to sign term sheets with 18 banks

Rightsizing: govt decides to axe 30,968 posts

Rightsizing: govt decides to axe 30,968 posts

KSE-100 Index closes 881 points higher amid buying momentum

KSE-100 Index closes 881 points higher amid buying momentum

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