News Archives for Print - 2016-10-20 - Business Recorder

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اردو

Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print - 2016-10-20

US bond yields fall

US bond yields fall

US Treasury yields fell on Tuesday in line with their UK counterparts on chances that parliament may have to ratify a British exit from the European Union, which reduced some bets that the UK would lose access to the single market. US bond yields pulled f

Published 20 Oct, 2016 12:00am

Hong Kong shares lower

Hong Kong shares lower

Hong Kong shares fell on Wednesday, giving up some of the previous session's solid gains, as China's economic growth data did little to prop up fragile investor sentiment. The Hang Seng index fell 0.4 percent, to 23,304.97, while the China Enterprises Ind

Published 20 Oct, 2016 12:00am

Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks rose on Wednesday tracking broader Asian markets and led by technology stocks such as Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's top contract chipmaker. The main TAIEX index rose 0.7 percent to 9,288.49 points as of 0446 G

Published 20 Oct, 2016 12:00am

Wall Street climbs on earnings improvement

Wall Street climbs on earnings improvement

Wall Street advanced on Tuesday to give the S&P 500 its best day this month on the heels of solid earnings reports from names such as UnitedHealth and Netflix that put corporate profits on track to snap a four-quarter streak of declines. Of the 52 S&P 500

Published 20 Oct, 2016 12:00am

Wednesday's early afternoon trade: stocks up on oil, upbeat earnings

Wednesday's early afternoon trade: stocks up on oil, upbeat earnings

Wall Street was on track for its second straight day of gains on Wednesday as oil prices boosted energy stocks and financials got a lift after Morgan Stanley rounded off a strong quarter for big US banks. However, gains, especially on the Nasdaq, were lim

Published 20 Oct, 2016 12:00am

Tokyo stocks up as Mitsubishi, Sharp soar

Tokyo stocks up as Mitsubishi, Sharp soar

Tokyo shares closed higher Wednesday, with Mitsubishi Motors soaring on a report that Nissan chief Carlos Ghosn will become chairman while Sharp also rallied after flagging upbeat earnings. News that China's economy had stabilised in the third quarter als

Published 20 Oct, 2016 12:00am

SABIC profit boosts Saudi index, Qatar hit by weak earnings

SABIC profit boosts Saudi index, Qatar hit by weak earnings

Saudi Basic Industries (SABIC) helped lift Riyadh's stock market on Wednesday after it reported a third-quarter net profit at the top end of forecasts, but a loss at Qatar's third- largest bank dragged that market lower. Egypt slid for a fourth straight s

Published 20 Oct, 2016 12:00am

Rafhan Maize Products Limited

Rafhan Maize Products Limited

The leading corn refiner of Pakistan, Rafhan Maize Products Co Ltd (PSX: RMPL) is the premier provider of agricultural-based products and ingredients in Pakistan. The company has a market capitalisation of over Rs 71 billion and is on the KSE100 list.

Published 20 Oct, 2016 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (October 19, 2016)

Published 20 Oct, 2016 12:00am

Auction for PIBs: below-target bids force government not to borrow

Auction for PIBs: below-target bids force government not to borrow

The federal government Wednesday rejected all bids for long-term investment bonds squashing the market anticipation of higher interest rate. Analysts said banks were very cautious in the auction and submitted bids averaging 3-15 basis points higher than t

Published 20 Oct, 2016 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (October 19, 2016).

Published 20 Oct, 2016 12:00am

UBL posts Rs 7.009 billion PAT

UBL posts Rs 7.009 billion PAT

The profit after tax of United Bank Limited (UBL) has increased to Rs 7.009 billion in the quarter ended September 30, 2016 as compared to Rs 6.548 billion earned in the same quarter in 2015. The bank's earning per share surged to Rs 5.73 in this quarter

Published 20 Oct, 2016 12:00am

LME official prices

LME official prices

The following were Tuesday official prices.

Published 20 Oct, 2016 12:00am

UBL posts Rs 7.009 billion PAT

UBL posts Rs 7.009 billion PAT

The profit after tax of United Bank Limited (UBL) has increased to Rs 7.009 billion in the quarter ended September 30, 2016 as compared to Rs 6.548 billion earned in the same quarter in 2015. The bank's earning per share surged to Rs 5.73 in this quarter

Published 20 Oct, 2016 12:00am

LME official prices

LME official prices

The following were Tuesday official prices.

Published 20 Oct, 2016 12:00am

UBL posts Rs 7.009 billion PAT

UBL posts Rs 7.009 billion PAT

The profit after tax of United Bank Limited (UBL) has increased to Rs 7.009 billion in the quarter ended September 30, 2016 as compared to Rs 6.548 billion earned in the same quarter in 2015. The bank''s earning per share surged to Rs 5.73 in this quarter

Published 20 Oct, 2016 12:00am

The Weather

The Weather

The weather report on Wednesday (October 19, 2016) and the forecast for Thursday (October 20, 2016).

Published 20 Oct, 2016 12:00am

UBL posts Rs 7.009 billion PAT

UBL posts Rs 7.009 billion PAT

The profit after tax of United Bank Limited (UBL) has increased to Rs 7.009 billion in the quarter ended September 30, 2016 as compared to Rs 6.548 billion earned in the same quarter in 2015. The bank''''s earning per share surged to Rs 5.73 in this quart

Published 20 Oct, 2016 12:00am

FDI decline

FDI decline

According to the State Bank of Pakistan (SBP) foreign direct investment (FDI) for the first three months of the current fiscal year (July-September) has declined by 38 percent - a decline that goes against the public's expectations premised on the Sha

Published 20 Oct, 2016 12:00am

Do or die?

Do or die?

Pakistan Tehreek-e-Insaf (PTI) chief, Imran Khan, has revealed a change of date for the party's sit-in in Islamabad from the original October 30 to November 2. Imran Khan put forward a rather lame explanation that the date had been changed in deferenc

Published 20 Oct, 2016 12:00am

The real corridors of prosperity

The real corridors of prosperity

In the hurly-burly of Pakistan's politics and the Kashmiri intifada, the IMF just released its twelfth and final review of the Extended Fund Facility (EFF) first contracted by this government in September 2013. The press release patted IMF and the governm

Published 20 Oct, 2016 12:00am

Modi's 'isolate Pakistan' mission

Modi's 'isolate Pakistan' mission

The way he is going India's Prime Minister Narendra Modi, a lifelong activist of the Hindu extremist organisation, RSS, reminds one of what the late Indian journalist, Praful Bidwai, had to say about the country's Hindutva zealots in a newspaper article:

Published 20 Oct, 2016 12:00am

Go, no go

Go, no go

Grey winter morning. Kennedy International Airport, the Boeing 787 Taxis down the runway and positions itself on runway 2. The air tower says 'go'. The pilot unleashes 65 thousand horses. The plane vibrates gently, like a giant pneumatic tool. The brakes

Published 20 Oct, 2016 12:00am

Is this justice?

Is this justice?

I am shocked to hear that so far the bail pleas filed by Dr Asim Hussain, the former petroleum and natural resources minister have not been heard. This is very astonishing and raises many questions about the sufferings of the accused in various cases. Alr

Published 20 Oct, 2016 12:00am

Oil up over two percent; US crude at 15-month high on big drawdown

Oil up over two percent; US crude at 15-month high on big drawdown

Oil prices rose more than 2 percent on Wednesday, with US crude settling at its highest in 15 months after the government reported a surprisingly large drop in inventories for the sixth week out of seven. The US Energy Information Administration (EIA) sai

Published 20 Oct, 2016 12:00am

ICE cotton down on harvest pressure, profit-booking

Cotton

ICE cotton down on harvest pressure, profit-booking

Cotton futures fell marginally for a second day on Wednesday on harvest pressure and profit-booking as the natural fibre market hovered around the overbought territory. The first-month December cotton contract on ICE Futures touched a more than three-week

Published 20 Oct, 2016 12:00am

PIA gets AC vehicles to keep aircraft cool

PIA gets AC vehicles to keep aircraft cool

PIA has purchased six air conditioning vehicles to keep the aircraft cool when parked on the ground. Three of these vehicles would be deployed at Islamabad, two at Lahore and one at Karachi Airport. To familiarise relevant staff about the new machinery tr

Published 20 Oct, 2016 12:00am

Khursheed terms Nawaz, Imran a threat to democracy

Khursheed terms Nawaz, Imran a threat to democracy

Leader of Opposition in the National Assembly Syed Khursheed Ahmed Shah has said that sealing of the national Capital by Pakistan Tehreek-e-Insaf (PTI) would be a criminal act. Talking to media at Parliament House on Wednesday, the Opposition Leader lashe

Published 20 Oct, 2016 12:00am

PSM employees: ECC to approve salaries in next meeting

PSM employees: ECC to approve salaries in next meeting

Economic Co-ordination Committee (ECC) of the Cabinet will approve two months (June-July) 2016 salaries of Pakistan Steel Mills (PSM) employees in its next meeting, well informed sources in Ministry of Industries and Production (MoI&P) told Business Re

Published 20 Oct, 2016 12:00am

Malala urges Muslims to unite for peace

Nobel Peace Prize winner Malala Yousafzai, giving a speech Wednesday in the Emirates, urged Muslims to respect the "true message of Islam" and unite against wars in their countries. The 19-year-old, who was shot in the head by the Taliban in 2012 after sh
Published 20 Oct, 2016 12:00am

Bilawal says will chant 'go Nawaz go' if demands not met

Pakistan People's Party (PPP) chairman Bilawal Bhutto Zardari on Wednesday called for Prime Minister Nawaz Sharif to accept his party's bill on the issue of Panama Leaks or be ready to face slogans of 'Go Nawaz Go'. Talking to the media at Naudero house i
Published 20 Oct, 2016 12:00am

Attock Petroleum Limited's profit surges

Attock Petroleum Limited (APL) has posted Rs 1,563.247 million as profit after tax in the quarter ended September 30, 2016 as compared to Rs 691.643 million earned in the corresponding quarter in 2015. The board of directors of the company, in its meeting
Published 20 Oct, 2016 12:00am

Attock Petroleum Limited's profit surges

Attock Petroleum Limited (APL) has posted Rs 1,563.247 million as profit after tax in the quarter ended September 30, 2016 as compared to Rs 691.643 million earned in the corresponding quarter in 2015. The board of directors of the company, in its meeting
Published 20 Oct, 2016 12:00am

Combating terror: UK hails Pakistan's significant sacrifices

Days ahead of Prime Minister Theresa May's India visit, the UK on Tuesday hailed Pakistan's "significant sacrifices" in combating terror while responding to a petition calling on the British government to "strongly condemn" Pakistan for providing a safe h
Published 20 Oct, 2016 12:00am

Imran invested $18 million donations in UK: PML-N

Pakistan Muslim League (PML-N) on Wednesday while slamming Chairman Pakistan Tehreek-e-Insaf (PTI), Imran Khan said that the PTI chief's moves are a threat to the national security. Addressing a joint press conference, Member National Assembly (MNA) Daniy
Published 20 Oct, 2016 12:00am

UHS student attends UNGA in US

A girl student of University of Health Sciences (UHS) has represented Pakistan at United National General Assembly as the United States "Let-Girls-Learn Ambassador". Summyka Qadir, a first-year MBBS student at Nishtar Medical College, Multan, comes from a
Published 20 Oct, 2016 12:00am

ACE, Nespak to check corruption in development projects

The Anti-Corruption Establishment (ACE), Punjab and Nespak would wage joint efforts to check financial embezzlements and ensure quality of work in development projects. The ACE Punjab has asked Nespak to directly inform it in case of embezzlement, violati
Published 20 Oct, 2016 12:00am

South Waziristan: fourth phase of IDPs return begins

Fourth phase of South Waziristan IDPs return has begun from today, which will continue till December 6 and 400 families will return on daily basis. According to a statement release by ISPR, 81 villages' IDPs will return to their areas during fourth phase
Published 20 Oct, 2016 12:00am

NUMS delegation calls on President

President Mamnoon Hussain has expressed hope that with the establishment of National University of Medical Sciences (NUMS) there will be more progress in the field of health and more opportunities for acquiring medical education and conducting research.
Published 20 Oct, 2016 12:00am

Petitions against luxury tax dismissed

The Lahore High Court on Wednesday dismissed hundreds of petitions against luxury tax on houses. The court, however, set aside recovery notices issued to the petitioners for being issued without due course of law. The petitioners through their counsel con
Published 20 Oct, 2016 12:00am

Difficulties faced by tribesmen have no precedent: KP Governor

Khyber Pakhtunkhwa Governor, Iqbal Zafar Jhagra has said the difficulties faced over the recent years especially in FATA have no precedent in the entire history of the country and world witnessed that the nation while standing shoulder to shoulder with th
Published 20 Oct, 2016 12:00am

Rana Tanveer briefed about POF performance & achievements

Lieutenant General Omer Mehmood Hayat, Chairman Pakistan Ordnance Factories (POF) on Wednesday briefed Federal Minister for Defence Production Rana Tanveer Hussain regarding performance and achievements of POF in the fiscal year 2015-16. The meeting was h
Published 20 Oct, 2016 12:00am

Tevta to start Chinese language course for 15,000 students

The Technical Education and Vocational Training Authority (TEVTA) will impart training to 15,000 students in Chinese language during one year course. On the demand of youth of other cities, Chinese language classes will be started in other cities of Punja
Published 20 Oct, 2016 12:00am

LHC moved against ban on use of Punjabi language

The Lahore High Court (LHC) on Wednesday issued notice to Secretary Schools Punjab for November 15 on a petition of Pakistan Punjabi Adabi Board (PAB) against a private school for banning the use of Punjabi language in the school. The board's counsel, Tah
Published 20 Oct, 2016 12:00am

Cotton
APTMA chairman briefs Punjab governor on industrial woes

All Pakistan Textile Mills Association (APTMA) Punjab Chairman Syed Ali Ahsan said on Wednesday that the issues of industry are multiplying due to unprecedented 50 percent decline in cotton production to six million bales during the current crop season ag
Published 20 Oct, 2016 12:00am

Chairman of Chinese Electric Company meets chief minister Punjab

Chairman renowned Chinese company Harbin Electric International Goa Yu met Punjab Chief Minister Muhammad Shahbaz Sharif, here Wednesday. Talking to the Chairman of the company Goa Yu, the Chief Minister said that Pakistan highly values cooperation of Chi
Published 20 Oct, 2016 12:00am

Notices issued in Samia's transfer case

The Lahore High Court chief justice on Wednesday issued notices for November 4 in a petition seeking directions for transfer of trial of a British national Samia Shahid, allegedly killed in the name of honour. The petitioner's counsel said his client Syed
Published 20 Oct, 2016 12:00am

Pakistan making rapid progress under leadership of Nawaz: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that Pakistan is making rapid progress under the leadership of Prime Minister Muhammad Nawaz Sharif and destiny of the country is going to change during next 18 months as darkness will be eliminated w
Published 20 Oct, 2016 12:00am

Breast cancer: awareness drive begins

Actress Maya Ali, while addressing the inauguration of a three-day breast cancer awareness drive, by the Shaukat Khanum Memorial Cancer Hospital & Research Centre (SKMCH&RC) at colleges and universities, has called for breaking social stigmas and myths at
Published 20 Oct, 2016 12:00am

Partly Facetious: Dugdugee player?

"So what do you reckon? Mian sahib remains gung-ho."
Published 20 Oct, 2016 12:00am

K-E partnered with PAF Montessori to plant over 200 trees

K-Electric's sustainability team partnered with PAF Montessori, Malir Cantonment to plant over 200 trees, enhance awareness of personal hygiene and help cultivate healthier lifestyle habits among school students. A spokesperson for the utility said on Wed
Published 20 Oct, 2016 12:00am

APTTA being misused by drug mafia, Senate body informed

Afghanistan Pakistan Transit Trade Agreement (APTTA) is being misused by the drug traffickers in smuggling of chemical precursor acetic anhydride, the most commonly used chemical agent in heroin processing. To a question raised by Senator Muhammad Talha M
Published 20 Oct, 2016 12:00am

Pakistan to be primary beneficiary of CPEC: spokesman

China-Pakistan Economic Corridor (CPEC) project would have positive impact on the region but Pakistan would be the primary beneficiary, a Spokesman for the Ministry of Planning, Development and Reform said on Wednesday. While clarifying a news item appear
Published 20 Oct, 2016 12:00am

Arif Habib for electing 'clean' candidates in FPCCI elections

Chairman, Arif Habib Group, Arif Habib, has called for electing those as office-bearers of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), who enjoy good reputation, and have neat and clean past record as the federation play very importa
Published 20 Oct, 2016 12:00am

Bosan lauds Engro's Rahbar programme

Federal Minister for National Food Security and Research Sikandar Hayat Khan Bosan has lauded Engro's Rahbar programme hailing it as a unique initiative introduced to address and find solutions that would, in the near future, improve Pakistan's food secur
Published 20 Oct, 2016 12:00am

Jurisdiction of court: government asked to submit comprehensive reply

The Supreme Court on Wednesday asked the federation to submit a comprehensive reply in response to various pleas seeking determination of jurisdiction of Supreme Court Appellate Court, Gilgit-Baltistan, and other constitutional issues. Resuming the hearin
Published 20 Oct, 2016 12:00am

MD's absence: PAC suspends proceedings on NICL

The Public Accounts Committee (PAC) Wednesday suspended the proceedings on National Insurance Company Limited (NICL) due to absence of its Managing Director from the meeting. Syed Khursheed Shah chaired the meeting of the PAC. The briefing of Managing Dir
Published 20 Oct, 2016 12:00am

NRL's PAT increases to Rs 1,905.331 million

The profit after tax of National Refinery Limited (NRL) has increased to Rs 1,905.331 million in the quarter ended September 30, 2016 as compared to Rs 406.118 million in the same quarter in 2015. The board of directors of the company, in its meeting held
Published 20 Oct, 2016 12:00am

NRL's PAT increases to Rs 1,905.331 million

The profit after tax of National Refinery Limited (NRL) has increased to Rs 1,905.331 million in the quarter ended September 30, 2016 as compared to Rs 406.118 million in the same quarter in 2015. The board of directors of the company, in its meeting held
Published 20 Oct, 2016 12:00am

Debt to GDP ratio increased to 66.5 percent: government procures $13 billion net foreign loans in three years

The government has procured net foreign loans of $13 billion during the last three years and consequently country's debt to Gross Domestic Products (GDP) ratio increased to 66.5 percent. The government obtained US $24.936 billion loans in last three fisca
Published 20 Oct, 2016 12:00am

Debt to GDP ratio increased to 66.5 percent: government procures $13 billion net foreign loans in three years

The government has procured net foreign loans of $13 billion during the last three years and consequently country's debt to Gross Domestic Products (GDP) ratio increased to 66.5 percent. The government obtained US $24.936 billion loans in last three fisca
Published 20 Oct, 2016 12:00am

Acquiring biological weapons: Pakistan urges steps against non-state actors

Pakistan has underscored the need for measures to prevent non-state actors and terrorist groups from obtaining and using chemical and biological weapons, while sharing international community's concern over the danger of those arms falling into the wrong
Published 20 Oct, 2016 12:00am

US Trade Representative calls on Dar

United States Trade Representative (USTR) Ambassador Michael Froman on Wednesday called on the Minister for Finance Senator Ishaq Dar here the other day. Welcoming the dignitary to Pakistan, the Finance Minister apprised Ambassador Froman on the reforms u
Published 20 Oct, 2016 12:00am

Prime Minister spells out his government's economic performance

Prime Minister Muhammad Nawaz Sharif on Wednesday said that Pakistan's macro-economic stability has been achieved through prudent and sound economic policies of the present government. GDP growth had averaged more than 4% per annum during the last three y
Published 20 Oct, 2016 12:00am

PTI dissident MPA criticises KP government's performance

A few days after his released by Peshawar High Court on bail, Pakistan Tehreek-i-Insaf (PTI) dissident provincial legislator, and Khyber-Pakhtunkhwa's (KP) erstwhile provincial minister for mines and minerals, Ziaullah Afridi, has criticised his party-led
Published 20 Oct, 2016 12:00am

SECP overhauling modarabas' regulatory framework

In his resolve to promote the Islamic modes of doing business, inter alia, Islamic financial services, Zafar-ul-Haq Hijazi, chairman, Securities and Exchange Commission of Pakistan (SECP), envisaged to promote modarabas as pure Islamic financial instituti
Published 20 Oct, 2016 12:00am

24 Pakistani PhD scholars complete studies through USAID

Twenty Four Pakistani PhD scholars through the US Agency for International Development (USAID) have completed their studies and received their degrees in the United States. Upon completing the degrees, the scholars have returned to Pakistan and are servin
Published 20 Oct, 2016 12:00am

Two arrested for spreading IS propaganda

Police arrested two men suspected of distributing pamphlets for Islamic State (IS) following a raid in Peshawar, officials said on Wednesday, amid lingering fears that the Middle East militant group was making inroads in country. Last month, the military
Published 20 Oct, 2016 12:00am

India sent no representative to attend RCC on disaster management

The Government of India had declined to send a representative of the Indian National Disaster Management Authority (NDMA) to attend the Regional Consultative Committee (RCC) on disaster management which concluded on Wednesday. The meeting was attended by
Published 20 Oct, 2016 12:00am

Duties and taxes: PTC contributes over Rs 70 billion to exchequer

A leading multinational cigarette manufacturing company has contributed over Rs 70 billion to the Federal Board of Revenue (FBR) in the form of duties and taxes during the first nine months (January to September) of 2016. According to an announcement of t
Published 20 Oct, 2016 12:00am

Duties and taxes: PTC contributes over Rs 70 billion to exchequer

A leading multinational cigarette manufacturing company has contributed over Rs 70 billion to the Federal Board of Revenue (FBR) in the form of duties and taxes during the first nine months (January to September) of 2016. According to an announcement of t
Published 20 Oct, 2016 12:00am

President to open Swat Expo on November 3

President Mamnoon Hussain will inaugurate Swat Expo 2016 on November 3, 2016 to display normalisation of Swat which will be attended by a large number of Islamabad-based diplomats. According to an official, the Commerce Ministry has invited all members of
Published 20 Oct, 2016 12:00am

Pakistan considers ICTs as key enabler for good governance: President

President Mamnoon Hussain has said that the Government of Pakistan considers Information Communication Technologies (ICTs) as key enabler to enhance productivity, transparency, and good governance for empowering the people for moving towards attaining the
Published 20 Oct, 2016 12:00am

Pervaiz Elahi re-elected PML-Q Punjab chief

The General Council of Pakistan Muslim League-Q (PML-Q), Punjab, which met on Wednesday, has unanimously elected Chaudhry Pervaiz Elahi, Chaudhy Zaheeruddin and Mian Imran Masood, as president, general secretary and secretary information of PML-Q Punjab r
Published 20 Oct, 2016 12:00am

Shahbaz re-elected PML-N Punjab head

After being re-elected as President of the PML-N Punjab, Chief Minister Muhammad Shahbaz Sharif, has expressed his firm resolve to serve the country as well as countrymen and also to expedite the work on public welfare projects with more vigour and commit
Published 20 Oct, 2016 12:00am

Cotton
'Pakistan, Canada have huge scope to strengthen economic ties'

Canadian High Commissioner Perry Calderwood has said that Pakistan and Canada have huge scope to work together to strengthen economic relations as Pakistan is a country having rich and unmatched resources. He was speaking at the Lahore Chamber of Commerce
Published 20 Oct, 2016 12:00am

Government making efforts to use idle thermal capacity: Asif

The federal government is making hectic efforts to use the idle thermal capacity in the country by renegotiating arrangements with the closed IPPs and even the rental power plants lying idle, said Minister for Water and Power Khawaja Asif during his meeti
Published 20 Oct, 2016 12:00am

Exports of Basmati rice fall

The exports of Basmati rice have registered a decline of 40.54 percent during last five years from 1,137,943 metric tonnes in 2010-2011 to 676,630 metric tonnes in 2014-15 while non-Basmati rice exports have witnessed a growth of 19.15 percent from 2,563,
Published 20 Oct, 2016 12:00am

Punjab Assembly passes Punjab LG (Amendment) Bill 2016

Punjab Assembly on Wednesday passed 'The Punjab Local Government (Fifth Amendment) Bill 2016. During the session, 'The Forman Christian College, Lahore (Amendment) Bill 2016 was also introduced in the House. In resolutions under Article 128(a) of the Cons
Published 20 Oct, 2016 12:00am

'Improvement in education sector is priority agenda'

Punjab Education Minister Rana Mashhood Ahmad Khan has said that overall improvement in education sector is the priority agenda of the government. In this regard, provision of missing facilities is especially taken care of along with provision of quality
Published 20 Oct, 2016 12:00am

175 housing schemes, colonies declared illegal by MDA

The Multan Development Authority (MDA) has declared 175 private housing schemes and colonies illegal here and decided to move their cases to National Accountability Bureau (NAB) to protect the interest of common investors. Additional Director General of M
Published 20 Oct, 2016 12:00am

Unity critical to boosting united platform of traders: FCCI chief

Unity is imperative to resolve the problems confronted by the business community on war footing and in this connection conscious efforts should be made to further strengthen the platform of Faisalabad Chamber of Commerce and Industry (FCCI), said Presiden
Published 20 Oct, 2016 12:00am

Lahore Literary Festival to debut in London this month

The London debut of the Lahore Literary Festival (LLF) takes place Saturday, October 29. The daylong LLF in London, at the British Museum's BP Theatre, presents the robust and unique syncretism universally identified with Lahore-Pakistan's cultural capita
Published 20 Oct, 2016 12:00am

Cardiac unit of Mayo Hospital becomes fully operational

The Cardiac Unit of Mayo Hospital, Lahore has become fully operational, where Cardiac Surgeon Dr Raja Pervaiz Akhtar conducted eight successful bypass operations within a week. Medical Superintendent, Mayo Hospital Dr Amjad Shehzad, said here on Wednesday
Published 20 Oct, 2016 12:00am

Japan's Watanabe becomes new world chief of gymnastics

Japan's Morinari Watanabe beat French rival Georges Guelzec Wednesday to become the new head of world gymnastics. Watanabe, a former gymnast, succeeds Italy's Bruno Grandi as president of the International Gymnastics Federation (FIG), said a spokesman for
Published 20 Oct, 2016 12:00am

Iran rejects US demand for release of dual nationals

Iran said on Wednesday it would accept no US "interference" after Washington demanded the release of a dual national and his 80-year-old father given 10 year sentences for espionage. The State Department demanded the immediate release of Siamak and Baqher
Published 20 Oct, 2016 12:00am

HK pro-independence lawmakers blocked from taking oath

Hong Kong's legislature again descended into chaos Wednesday as pro-Beijing politicians blocked the swearing in of two new lawmakers who want a split from China, in an increasingly divided parliament. It comes as fears grow in the semi-autonomous city tha
Published 20 Oct, 2016 12:00am

Over 300 arrested in Europe-wide crime swoop

Police forces from 52 countries arrested over 300 people and swooped on red-light districts to bust several trafficking gangs in a week-long, round-the-clock operation, Europol said Wednesday. The action led by the European police agency focused "on disru
Published 20 Oct, 2016 12:00am

'Monsieur Idiot' named France's chef of the year

Chef Alexandre Couillon has a name that he himself admits "is not easy to carry". But the man whose surname translates as "Idiot" was named Wednesday as France's cook of the year, having turned his family's humble "moules frites" joint into one of the cou
Published 20 Oct, 2016 12:00am

Brazil arrests top lawmaker behind Rousseff impeachment

Brazilian police on Wednesday arrested Eduardo Cunha who was one of the country's most powerful lawmakers and the architect of former president Dilma Rousseff's impeachment until engulfed in corruption charges. "We can confirm that (Cunha) was detained in
Published 20 Oct, 2016 12:00am

Star architect's 'cloud' unveiled at last in Rome

A new convention centre in Rome that has been hailed as one of acclaimed architect Massimiliano Fuksas's most ambitious buildings yet was unveiled to the international media Wednesday, ahead of its long-awaited opening next week. The Italian's latest work
Published 20 Oct, 2016 12:00am

UNESCO urges Bangladesh to scrap Sundarbans plant

The United Nations has urged Bangladesh to halt construction of a huge coal-fired power plant near the Sundarbans, warning of a serious threat to the delicate ecosystem of the world's largest mangrove forest. The UN's culture and science agency UNESCO sai
Published 20 Oct, 2016 12:00am

David Hockney makes a splash at Frankfurt fair with 2,000-euro book

British contemporary artist David Hockney unveiled a 500-page art book at the Frankfurt fair on Wednesday that is so large it comes with its own stand - and a price tag of 2,000 euros ($2,200). The tome, "A Bigger Book", gives a visual overview of his dec
Published 20 Oct, 2016 12:00am

Venezuela postpones gubernatorial elections to 2017

Venezuela on Tuesday postponed gubernatorial elections due in December until mid-2017 after deeply unpopular President Nicolas Maduro said the country needs to focus on reviving its economy instead of elections. The head of the National Electoral Council
Published 20 Oct, 2016 12:00am

Putin in firing line over Ukraine, Syria at Berlin talks

President Vladimir Putin faces a grilling over Russia's role in Ukraine and Syria at talks in Berlin Wednesday, on his first visit to the German capital since the Ukrainian conflict erupted. Host Chancellor Angela Merkel said the talks - the first four-wa
Published 20 Oct, 2016 12:00am

Pakistan to stage 'fly-in, fly-out' Super League final in Lahore

Pakistan will stage the 2017 final of their Twenty20 franchise league in Lahore but teams will fly in and fly out for the showpiece event in a sobering nod to the delicate security situation in the country. Some 414 players were placed in the draft for th
Published 20 Oct, 2016 12:00am

Arthur warns of West Indies backlash in second Test

Pakistan head coach Mickey Arthur expects a strong response from the West Indies in the second Test in Abu Dhabi after the tourists came close to pulling off a remarkable comeback in Dubai. Pakistan were forced to ward off a challenge from Darren Bravo, w
Published 20 Oct, 2016 12:00am

IOC boss ducks Korea row in Tokyo 2020 visit

International Olympic Committee president Thomas Bach on Wednesday dodged questions over reports some Tokyo 2020 events could be held in South Korea, a move which would further embarrass beleaguered Games organisers. The IOC is considering staging rowing
Published 20 Oct, 2016 12:00am

Proud Cook admits to wrench of leaving family

Alastair Cook has admitted to questioning how much longer he can extend his record-breaking England career, torn between the pride of playing for his country and the wrench of being parted from his young family. Cook will become England's most capped Test
Published 20 Oct, 2016 12:00am

Anderson set to miss opening India Test

England's record-breaking bowler Jimmy Anderson, who has already been ruled out of the current tour of Bangladesh, will miss next month's first Test against India, captain Alastair Cook said Wednesday. "I don't think he'll be there for the start. He might
Published 20 Oct, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Apr 25

281.17

USD PKR Interbank Buying / Apr 25

280.97

USD to Japanese Yen / Apr 25

143.67

USD to Swiss Franc / Apr 25

0.83

Pound Sterling to USD / Apr 25

1.33

Euro to USD / Apr 25

1.14

UK LIBOR % / Apr 24

4.96

Stock Volume

S&P 500 / Apr 25

5,525.21

India Sensex / Apr 25

79,212.53

Tokyo Nikkei / Apr 25

35,705.74

Nasdaq / Apr 25

17,382.94

Hang Seng / Apr 25

21,980.74

FTSE 100 / Apr 25

8,415.25

Dow Jones / Apr 25

40,113.50

Germany DAX 30 / Apr 25

22,242.45

France CAC40 / Apr 25

7,536.26

Item Value

Crude Oil USD/Barrel / Apr 25

63.17

Karachi Cotton PKR/37.32 KG / Apr 25

16,985

Gold 10 Grams PKR / Apr 25

298,950

Gold Spot USD/Ounce / Apr 25

3,327.60

Cotton US¢/pound / Apr 25

68.80

Petrol/Litre / Apr 27

254.63

Diesel/Litre / Apr 27

258.64

Gainers
Losers
Leaders

Stock Price

First Capital Equities / Apr 25

First Capital Equities Limited(FCEL)

4.92

▲ 0.96 (24.24%)

PICIC Ins.Ltd. / Apr 25

PICIC Insurance Limited(PIL)

3.14

▲ 0.5 (18.94%)

Dewan Mushtaq / Apr 25

Dewan Mushtaq Textile Mills Limited(DMTM)

7.99

▲ 1 (14.31%)

Pak. P.V.C. / Apr 25

Pakistan PVC Limited(PPVC)

8.26

▲ 1 (13.77%)

J.K.Spinning / Apr 25

J.K. Spinning Mills Limited(JKSM)

61.90

▲ 5.63 (10.01%)

At-Tahur Ltd. / Apr 25

At-Tahur Limited(PREMA)

86.74

▲ 7.89 (10.01%)

Shezan Inter. / Apr 25

Shezan International Limited(SHEZ)

203.03

▲ 18.46 (10%)

Sunrays Textile / Apr 25

Sunrays Textile Mills Limited(SUTM)

156.38

▲ 14.22 (10%)

PIA Holding Co.B / Apr 25

PIA Holding Company Limited B(PIAHCLB)

3,282.29

▲ 298.39 (10%)

S.S.Oil / Apr 25

S.S.Oil Mills Limited(SSOM)

357.05

▲ 32.46 (10%)

Stock Price

Engro Powergen / Apr 25

Engro Powergen Qadirpur Limited(EPQL)

28.71

▼ -10.13 (-26.08%)

Ghani Chemworld / Apr 25

Ghani Chemworld Limited(GCWL)

8

▼ -1 (-11.11%)

Samba Bank / Apr 25

Samba Bank Limited(SBL)

8.01

▼ -0.99 (-11%)

Arpak Int. / Apr 25

Arpak International Investments Ltd.(ARPAK)

56.66

▼ -6.29 (-9.99%)

Blue-Ex Ltd / Apr 25

Blue-Ex Limited (GEM)(GEMBLUEX)

47.38

▼ -5.26 (-9.99%)

Saif Power Ltd. / Apr 25

Saif Power Limited(SPWL)

12.31

▼ -1.3 (-9.55%)

Shaheen Ins. / Apr 25

Shaheen Insurance Company Limited(SHNI)

5.25

▼ -0.46 (-8.06%)

Equity Modaraba / Apr 25

First Equity Modaraba(FEM)

2.75

▼ -0.24 (-8.03%)

GlaxoSmithKline / Apr 25

GlaxoSmithKline Pakistan Limited(GLAXO)

409.57

▼ -34.89 (-7.85%)

AKD Hospitality / Apr 25

AKD Hospitality Limited(AKDHL)

136.65

▼ -10.81 (-7.33%)

Stock Volume

WorldCall Telecom / Apr 25

Worldcall Telecom Limited(WTL)

22,789,497

▼ -0.02

Power Cement / Apr 25

Power Cement Limited(POWER)

21,965,614

▼ -0.17

Sui South Gas / Apr 25

Sui Southern Gas Company Limited(SSGC)

21,567,163

▼ -0.56

B.O.Punjab / Apr 25

The Bank of Punjab(BOP)

19,825,526

▼ -0.08

K-Electric Ltd. / Apr 25

K-Electric Limited(KEL)

17,030,953

▼ -0.04

Aisha Steel Mill / Apr 25

Aisha Steel Mills Limited(ASL)

16,751,796

▲ 0.59

Cnergyico PK / Apr 25

Cnergyico PK Limited(CNERGY)

16,717,262

▼ -0.17

Pak Int.Bulk / Apr 25

Pakistan International Bulk Terminal(PIBTL)

16,382,803

▲ 0.14

Sui North Gas / Apr 25

Sui Northern Gas Pipelines Limited(SNGP)

13,338,455

▲ 0.33

Secure Logistics / Apr 25

Secure Logistics Group Limited(SLGL)

12,723,116

▲ 1.13

Markets →

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NJLI Sarmaya Growth Fund Rates

Pakistan misses wheat production target

Aurangzeb showcases economic reforms, secures global support

Pakistan, India exchange gunfire for 2nd day as ties plummet after attack

SBP injects massive Rs11.85 trillion into banking system for up to 14 days

Trade tensions to affect Pakistan more in region: IMF

Gwadar Port: SRO issued to allow potassium sulphate export

‘Rs1.6trn to be saved’: NEPRA says to discontinue dollar-based indexations for four power plants

Pakistan open to ‘neutral, transparent’ probe into Pahalgam attack: PM Shehbaz

NJLI Sarmaya Growth Fund Rates

Pakistan misses wheat production target

China, KSA, UAE briefed about economy

‘Rs1.6trn to be saved’: NEPRA says to discontinue dollar-based indexations for four power plants

All categories covered: FBR extends new set of rules for e-invoicing

Good Bricks factory officially opens in Pakistan

Worldcall Telecom Limited

US condemns attack in Pahalgam, says not taking a position on IIOJK

UN urges Pakistan, India to have ‘maximum restraint’ after Pahalgam attack

Good Bricks factory officially opens in Pakistan

NJLI Sarmaya Growth Fund Rates

‘India can’t scrap Indus Waters Treaty unilaterally’

Pakistan misses wheat production target

Highest income groups be taxed at higher effective rates: WB

Gold prices remain stable in Pakistan

Property transfer: Cabinet will abolish 3-7% FED soon

E-invoices integration: FBR sets May 1 deadline for corporate entities

‘Rs1.6trn to be saved’: NEPRA says to discontinue dollar-based indexations for four power plants

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