News Archives for Print - 2016-11-02

55 uplift schemes costing around Rs 10.5 billion initiated: Sindh CM briefed

Sindh government has initiated 55 development schemes at the cost of rupees 10.498 billion for up-gradation of water, health, infrastructure, transport and electricity facilities.

Published 02 Nov, 2016 12:00am

Malaysia Prime Minister signs defence deal in tilt toward China

Malaysia and China signed a defence deal and pledged closer cooperation in the South China Sea Tuesday, signalling a potential strategic shift by Premier Najib Razak as his ties with the United States fray over a corruption scandal. Najib's week-long trip

Published 02 Nov, 2016 12:00am

Member to Member

The following transactions member to member subsequently reported on Tuesday (November 01, 2016).

Published 02 Nov, 2016 12:00am

Major Imran embraced shahadat in IED blast

An officer, Major Imran, embraced shahadat due to an IED blast during a cordon and search operation in Wana in South Waziristan agency yesterday while 6 soldiers were injured.

Published 02 Nov, 2016 12:00am

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Tuesday (November 01, 2016).

Published 02 Nov, 2016 12:00am

Major Imran embraced shahadat in IED blast

An officer, Major Imran, embraced shahadat due to an IED blast during a cordon and search operation in Wana in South Waziristan agency yesterday while 6 soldiers were injured.

Published 02 Nov, 2016 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (November 01, 2016).

Published 02 Nov, 2016 12:00am

China's secretive stealth fighter unveiled in flyby debut

Two of China's secretive J-20 warplanes swept over a gasping crowd at the Zhuhai air show Tuesday, potent symbols of Beijing's aspirations to military might. The fighters were not announced on the schedule and appeared in the sky just after a colourful ae

Published 02 Nov, 2016 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (November 01, 2016).

Published 02 Nov, 2016 12:00am

China's secretive stealth fighter unveiled in flyby debut

Two of China's secretive J-20 warplanes swept over a gasping crowd at the Zhuhai air show Tuesday, potent symbols of Beijing's aspirations to military might. The fighters were not announced on the schedule and appeared in the sky just after a colourful ae

Published 02 Nov, 2016 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (November 01, 2016).

Published 02 Nov, 2016 12:00am

Headline inflation increases by 4.21 percent in October

The headline inflation increased by 4.21 percent during October 2016 over the same month a year ago, following surge in the prices of kitchen items, vegetables pulses, meat as well as medicine, according to Pakistan Bureau of Statistics (PBS). The CPI inf

Published 02 Nov, 2016 12:00am

Currency

THE RUPEE: mixed patterns

The rupee moved both ways against the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee rose by three paisas versus the dollar for buying and selling at Rs 104.81 and Rs 104.82 respectively, they said.

Published 02 Nov, 2016 12:00am

Headline inflation increases by 4.21 percent in October

The headline inflation increased by 4.21 percent during October 2016 over the same month a year ago, following surge in the prices of kitchen items, vegetables pulses, meat as well as medicine, according to Pakistan Bureau of Statistics (PBS). The CPI inf

Published 02 Nov, 2016 12:00am

Currency

THE RUPEE: mixed patterns

The rupee moved both ways against the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee rose by three paisas versus the dollar for buying and selling at Rs 104.81 and Rs 104.82 respectively, they said.

Published 02 Nov, 2016 12:00am

Headline inflation increases by 4.21 percent in October

The headline inflation increased by 4.21 percent during October 2016 over the same month a year ago, following surge in the prices of kitchen items, vegetables pulses, meat as well as medicine, according to Pakistan Bureau of Statistics (PBS). The CPI inf

Published 02 Nov, 2016 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Tuesday (November 01, 2016).

Published 02 Nov, 2016 12:00am

At least 19 killed in latest border firing

India and Pakistan on Tuesday tallied at least 19 deaths in recent firing across LoC, where neighbours are engaging in increasingly intense artillery duels. Pakistan officials said at least four people were killed and five injured in its part of Kashmir o

Published 02 Nov, 2016 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Tuesday (November 01, 2016).

Published 02 Nov, 2016 12:00am

At least 19 killed in latest border firing

India and Pakistan on Tuesday tallied at least 19 deaths in recent firing across LoC, where neighbours are engaging in increasingly intense artillery duels. Pakistan officials said at least four people were killed and five injured in its part of Kashmir o

Published 02 Nov, 2016 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (November 01, 2016).

Published 02 Nov, 2016 12:00am

Up to 600,000 children trapped in Mosul: NGO

Up to 600,000 children are among the civilians trapped in jihadist-held Mosul, Save The Children said on Tuesday, calling for safe corridors as Iraqi forces advanced on the city. "It is a critical moment to protect children and open safe routes to allow t

Published 02 Nov, 2016 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (November 01, 2016).

Published 02 Nov, 2016 12:00am

Up to 600,000 children trapped in Mosul: NGO

Up to 600,000 children are among the civilians trapped in jihadist-held Mosul, Save The Children said on Tuesday, calling for safe corridors as Iraqi forces advanced on the city. "It is a critical moment to protect children and open safe routes to allow t

Published 02 Nov, 2016 12:00am

Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (November 01, 2016).

Published 02 Nov, 2016 12:00am

Kenya accepts actual price of Pakistani rice

Kenya Revenue Authority (KRA) has agreed to the valuation of Pakistani long grained white rice at actual price of $300-350 per metric ton instead of $580 per metric ton previously. Exporters told Business Recorder on Tuesday that the KRA has sudden

Published 02 Nov, 2016 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Tuesday (November 01, 2016).

Published 02 Nov, 2016 12:00am

Kenya accepts actual price of Pakistani rice

Kenya Revenue Authority (KRA) has agreed to the valuation of Pakistani long grained white rice at actual price of $300-350 per metric ton instead of $580 per metric ton previously. Exporters told Business Recorder on Tuesday that the KRA has sudden

Published 02 Nov, 2016 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (November 01, 2016)

Published 02 Nov, 2016 12:00am

Kenya accepts actual price of Pakistani rice

Kenya Revenue Authority (KRA) has agreed to the valuation of Pakistani long grained white rice at actual price of $300-350 per metric ton instead of $580 per metric ton previously. Exporters told Business Recorder on Tuesday that the KRA has sudden

Published 02 Nov, 2016 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (November 01, 2016).

Published 02 Nov, 2016 12:00am

Qatar shifts some state-run health, education services to private sector

Qatar will shift some state-run health and education services to the private sector as it seeks to ease the burden on its finances, the emir said on Tuesday, as he outlined his economic agenda for the next five years in an era of low oil and gas prices. T

Published 02 Nov, 2016 12:00am

LME official prices

The following were Monday official prices.

Published 02 Nov, 2016 12:00am

Qatar shifts some state-run health, education services to private sector

Qatar will shift some state-run health and education services to the private sector as it seeks to ease the burden on its finances, the emir said on Tuesday, as he outlined his economic agenda for the next five years in an era of low oil and gas prices. T

Published 02 Nov, 2016 12:00am

LME official prices

The following were Monday official prices.

Published 02 Nov, 2016 12:00am

Qatar shifts some state-run health, education services to private sector

Qatar will shift some state-run health and education services to the private sector as it seeks to ease the burden on its finances, the emir said on Tuesday, as he outlined his economic agenda for the next five years in an era of low oil and gas prices. T

Published 02 Nov, 2016 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (November 01, 2016).

Published 02 Nov, 2016 12:00am

McDonald's reaches $3.75 million settlement in labour case

US fast-food giant McDonald's has agreed to pay $3.75 million to settle a labour dispute with workers at a California franchise, according to court documents seen Tuesday by AFP. If approved by a federal judge, the agreement is the first time McDonald's h

Published 02 Nov, 2016 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (November 01, 2016).

Published 02 Nov, 2016 12:00am

McDonald's reaches $3.75 million settlement in labour case

US fast-food giant McDonald's has agreed to pay $3.75 million to settle a labour dispute with workers at a California franchise, according to court documents seen Tuesday by AFP. If approved by a federal judge, the agreement is the first time McDonald's h

Published 02 Nov, 2016 12:00am

The Weather

The weather report on Tuesday (November 01, 2016) and the forecast for Wednesday (November 02, 2016).

Published 02 Nov, 2016 12:00am

Iraq says forces enter Mosul as 'true liberation' begins

Iraqi forces fought their way into jihadist-held Mosul on Tuesday, the military said, as a top commander declared the "true liberation" of the city from the Islamic State group had begun. Just over two weeks into the massive offensive to retake Mosul - IS

Published 02 Nov, 2016 12:00am

Iraq says forces enter Mosul as 'true liberation' begins

Iraqi forces fought their way into jihadist-held Mosul on Tuesday, the military said, as a top commander declared the "true liberation" of the city from the Islamic State group had begun. Just over two weeks into the massive offensive to retake Mosul - IS

Published 02 Nov, 2016 12:00am

K-E divestment

A press release issued by Abraaj Group confirmed a Business Recorder report published earlier, that it has reached an agreement to divest its 66.4 percent total stake as well as management control in K-Electric (K-E) for 1.77 billion dollars to a C

Published 02 Nov, 2016 12:00am

Not expected of a Chief Minister

In December 2007, when the body of Benazir Bhutto, who was assassinated in Rawalpindi in a terrorist attack, arrived in Sindh there was a huge wave of anger, and some people shouted 'Pakistan nah khappay' (Pakistan is unacceptable). But within no time did

Published 02 Nov, 2016 12:00am

Tackling abject poverty

Nobody talks of 'trickle down' any more. They now talk of 'inclusive growth'. In its post-1980 prescription all that Washington Consensus (WC)needed you to do was to get your economies to grow fast enough and the 'trickle down' effect, the WC doctors clai

Published 02 Nov, 2016 12:00am

Twinkle, twinkle, political star

The national standard may have a lone star but our political landscape has stars spangled all over. Indeed, the surfeit of stars on our political firmament serves to throw in contrast the telling dearth of intellectual, cultural or sporting stars. Politic

Published 02 Nov, 2016 12:00am

The company towns

In 2007 I was head of the Management Association of Pakistan. In October of that year I was attending a management conclave in Kolkata. The hosts for this conference were the Tata Group. On the last evening a dinner was hosted by Ratan Tata, then chairman

Published 02 Nov, 2016 12:00am

Country's outlook stable

This is apropos a Business Recorder news item "S&P raises rating, says outlook stable" carried by the newspaper yesterday. According to it, Standard and Poor's has revised Pakistan long-term credit rating from B- to B, saying better policymaking ha

Published 02 Nov, 2016 12:00am

Oil ends down after one-month low; US inventory data awaited

Oil settled down on Tuesday after hitting one-month lows, ahead of data likely to show a US crude inventory build and on renewed doubts about whether Opec will follow through with proposed output cuts. The American Petroleum Institute (API), an industry g

Published 02 Nov, 2016 12:00am

Cotton

Cotton hits week low on speculator liquidation

Cotton futures fell on Tuesday to touch their lowest in a week on liquidation by speculators as good harvesting conditions prevailed in the United States. On Monday, the first month December contract on ICE Futures registered the biggest intraday percenta

Published 02 Nov, 2016 12:00am

Jamaat-e-Islami welcomes Supreme Court decision

Chief of Jamaat-e-Islami Pakistan, Senator Sirajul Haq has welcomed the Supreme Court decision to set up a Judicial Commission for Panama leaks enquiry under its own supervision. According to media cell of Jamaat-e-Islami he was talking to the media outsi

Published 02 Nov, 2016 12:00am

Government, Opposition accept SC decision

The government and the opposition parties on Tuesday apparently looked all set to constitute a judicial commission on probing the Panama leaks issue. Talking to media persons outside Supreme Court, the leaders of opposition parties including Siraj-ul-Haq

Published 02 Nov, 2016 12:00am

Bilawal expresses grief

Chairman Pakistan Peoples' Party Bilawal Bhutto Zardari has expressed grief over the ship-breaking yard incident, at Gadani, which left at least 12 workers dead and many injured. Media reported that fire erupted in a dismantled ship in the yard. Scores of

Published 02 Nov, 2016 12:00am

Inaction against banned sectarian outfits: MWM threatens to launch protest movement

After series of attack on Majalis during the month of Muharram in the metropolis, Majlis-e-Wahdat-ul-Muslimeen (MWM) on Tuesday warned Sindh government of launching a movement if it failed to take stern action against ringleaders of banned terrorist outfi

Published 02 Nov, 2016 12:00am

Militants' treatment case: Dr Asim, three others get bail

The Sindh High Court (SHC) on Tuesday approved the bail application of Dr Asim Hussain in a case relating to the alleged treatment of terrorists at his hospital. The bail applications of MPA Rauf Siddiqui, Pak Sarzameen Party's Anis Kaimkhani and Usman Mo

Published 02 Nov, 2016 12:00am

E&T department recruits 27 entrants

Sindh Excise and Taxation (E&T) department has recruited 27 entrants, who have recently passed the Sindh Public Service Commission Exams. A ceremony in this regard was held at provincial E&T Minister office here. According to details, all 27 entrants, who

Published 02 Nov, 2016 12:00am

M-2 Motorway closed

Amid crackdown, the government seems to be in mood not to allow PTI workers reach Islamabad at any cost, as another main section of the Lahore-Rawalpindi Motorway was closed on Tuesday. According to our correspondent, the Lahore to Rawalpindi M-2 Motorway

Published 02 Nov, 2016 12:00am

Panama Papers: mixed reaction over SC decision

The workers of Pakistan Tehreek-e-Insaf (PTI) on Tuesday expressed jubilation over the Supreme Court decision to form a commission to probe allegations surfaced in Panama leaks, but some of them were not happy of Imran Khan's announcement to call off plan

Published 02 Nov, 2016 12:00am

Scholarships being given to students from low-income group under PEEF: minister

Punjab Education Minister Rana Mashhood Ahmad Khan on Tuesday said that scholarships are being given to the brilliant students from low income background under Punjab Educational Endowment Fund (PEEF). He stated that outstanding students from Balochistan,

Published 02 Nov, 2016 12:00am

Workshop on 'Cracking the Blockchain Code'

Planet N and Karandaaz Pakistan organized a workshop, 'Cracking the Blockchain Code,' aimed at disseminating knowledge regarding Blockchain in the local market. Blockchain, primarily a new concept being introduced in Pakistan's market, is set to revamp th

Published 02 Nov, 2016 12:00am

Shahbaz congratulates newly elected SCBA office-bearers

Punjab Chief Minister Muhammad Shahbaz Sharif has congratulated newly-elected President Rashid A Rizvi and other office-bearers on their success in elections of the Supreme Court Bar Association (SCBA)and expressed good wishes. In a felicitation message,

Published 02 Nov, 2016 12:00am

Massive encroachments outside hospitals fail to attract government attention

The massive encroachments outside major government-run hospitals of Karachi urgently needs the attention of Provincial Minister for Local Government and Anti-Encroachment Cell of Karachi Metropolitan Corporation (KMC) to resolve it on permanent basis and

Published 02 Nov, 2016 12:00am

JazzCash and Karandaaz enter into strategic alliance

JazzCash and Karandaaz have entered into a strategic alliance to enhance access of digital financial services in Pakistan. To form this alliance a signing ceremony was held between Aniqa Afzal Sandhu, VP Digital & Mobile Financial Services - Mobilink and

Published 02 Nov, 2016 12:00am

ABL completed its 50th branch with solar powered system

Allied Bank has completed the supply, installation and commissioning of its 50th Solar Branch on October 25, 2016. The 50th branch was completed with a 15kW solar powered system at newly-constructed Sargodha Road, Faisalabad branch. The benefits of a sola

Published 02 Nov, 2016 12:00am

NDU team visits LCCI

A delegation of the National Defence University (NDU), Islamabad on Tuesday visited the Lahore Chamber of Commerce and Industry and held an interactive session with the private sector. Led by Brigadier Hammad, the delegation was comprised of officers hail

Published 02 Nov, 2016 12:00am

Asma accuses IK of being on 'assignment'

Asma Jahangir, Former president of Supreme Court Bar Association, on Tuesday accused Imran Khan of being on 'assignment' of some hidden hands. However, she said, those who gave him the 'assignment' would never let him become prime minister. She was talkin

Published 02 Nov, 2016 12:00am

One Window Cell, LDA offices to remain closed

One Window Cell and all the other offices of Lahore Development Authority will remain closed for public dealing for two days on Friday and Saturday, the 4th and 5th of November 2016. All the Directorates concerned have been directed to finalise the task o

Published 02 Nov, 2016 12:00am

UNIDO, ICCI celebrate Green Industry Week

United Nations Industrial Development Organisation (UNIDO) and Islamabad Chamber of Commerce and Industry (ICCI) organised a five-day event, on "Fostering Green Entrepreneurship in Pakistan". The Unido-ICCI week started with Business Clinic to build capac

Published 02 Nov, 2016 12:00am

Partly Facetious: We all have an umpire

"Nah nah nah phooh phooo."

Published 02 Nov, 2016 12:00am

Adamjee Insurance posts Rs 1,358.599 million PAT

The profit after tax of Adamjee Insurance Company has increased to Rs 1,358.599 million in the quarter ended September 30, 2016 as compared to Rs 580.447 million earned in the corresponding quarter in 2015. The board of directors of the company in its mee

Published 02 Nov, 2016 12:00am

Adamjee Insurance posts Rs 1,358.599 million PAT

The profit after tax of Adamjee Insurance Company has increased to Rs 1,358.599 million in the quarter ended September 30, 2016 as compared to Rs 580.447 million earned in the corresponding quarter in 2015. The board of directors of the company in its mee

Published 02 Nov, 2016 12:00am

Aseefa dubs Imran as 'U-Turn Khan'

Aseefa Bhutto Zardari on Tuesday dubbed Imran Khan as 'U-Turn Khan' following his announcement to postpone the planned lockdown of Islamabad after the Supreme Court decision. Soon after Imran Khan's announcement to postpone PTI's November 2 protest and ma

Published 02 Nov, 2016 12:00am

Responsible Business: PBC announces formation of Centre of Excellence

The Pakistan Business Council (PBC) is pleased to announce the formation of the Centre of Excellence in Responsible Business (CERB). CERB will have the vision to assist businesses in Pakistan to pursue long term sustainability and value creation, with the

Published 02 Nov, 2016 12:00am

PRC marks International Day of Disaster Risk Reduction

Pakistan Red Crescent-Sindh, in collaboration with the German Red Cross organized a seminar to commemorate the International Day for Disaster Reduction (IDDR) with the participation of various renowned institutions here on Monday in a local hotel. The foc

Published 02 Nov, 2016 12:00am

PPP MPAs hail Supreme Court decision

People's Party MPAs Sajid Jokhio, Javid Nagori and Shaheena Shair Ali have hailed the Supreme Court for taking notice of ongoing agitation in Pakistan over the issue of alleged unlawful investment in off-shore companies in which Prime Minister's family is

Published 02 Nov, 2016 12:00am

CPNE team, Corps Commander discuss safety of journalists

A delegation of senior members of Council of Pakistan Newspaper Editors (CPNE) led by Secretary General Aijaz ul Haq met with Karachi Corps Commander Lieutenant General Naveed Mukhtar and discussed the internal situation of the city besides safety and sec

Published 02 Nov, 2016 12:00am

Formal trading in Loads Ltd shares begin on PSX

After listing on Pakistan Stock Exchange (PSX), formal trading in the shares of Loads Limited has started on PSX from Tuesday. On this occasion, a ceremony was held at PSX main trading hall where Chief Executive of Loads Limited, Munir K Bana rang traditi

Published 02 Nov, 2016 12:00am

Trainees exhibit skills in diversified trades

National Vocational and Technical Training Commission (NAVTTC) Regional Office Sindh organized a "National Skills Competition" in Memon Industrial & Technical Institute Karachi, here on Tuesday. About 200 trainees of different TVET Institutes (in private

Published 02 Nov, 2016 12:00am

Rotterdam vegetable oil prices

The following were Tuesday's Rotterdam vegetable oil prices at 1700 GMT:

Published 02 Nov, 2016 12:00am

Trump used dubious methods to avoid taxes

Donald Trump used tactics to avoid paying taxes that were so "legally dubious" that his own lawyers advised him the government would deem them improper, the New York Times reported Tuesday. Citing newly obtained documents, the Times said the Republican pr

Published 02 Nov, 2016 12:00am

UK in $2.3 billion plan to 'strike back' at hackers

Finance minister Philip Hammond on Tuesday warned Britain will "strike back" against states hacking into strategic networks in order to avoid a military showdown, as part of a new cyber-defence plan. Unveiling the £1.9 billion ($2.3 billion, 2.1 billion e

Published 02 Nov, 2016 12:00am

Blast kills eight suspected Boko Haram Islamists in Nigeria

A truck conveying eight suspected Boko Haram Islamists exploded near a military checkpoint in the north-east Nigerian city of Maiduguri on Tuesday, killing the occupants, an army spokesman told AFP. The open truck burst into flames when the explosives con

Published 02 Nov, 2016 12:00am

Turkish Prime Minister dismisses European Parliament chief's press freedom warning

Turkish Prime Minister Binali Yildirim on Tuesday dismissed a "red line" warning on press freedom by the European Parliament's president following the detention of several journalists from the opposition daily Cumhuriyet. At least 12 journalists and execu

Published 02 Nov, 2016 12:00am

UK spy chief sees growing threat from Russian cyber-attacks, espionage

Russia is pushing its foreign policy in increasingly aggressive ways including cyber-attacks and espionage, posing a growing threat to Britain and the rest of Europe, the head of Britain's internal intelligence agency MI5 has said. As finance minister Phi

Published 02 Nov, 2016 12:00am

Rwanda accuses 22 French officers over 1994 genocide

Rwanda has published a list of 22 French officers it accuses of helping plan and execute the 1994 genocide, in the latest sign of deteriorating relations between the two countries. Rwanda's National Commission for the Fight Against Genocide (known by its

Published 02 Nov, 2016 12:00am

Iceland MPs get big pay rise despite scandals

Lawmakers in Iceland are to receive a 44 percent pay rise just six months after then prime minister Sigmundur David Gunnlaugsson resigned in a tax-evasion scandal, officials announced Tuesday. The move drew condemnation from the anti-establishment Pirate

Published 02 Nov, 2016 12:00am

Kuwait bars 47 candidates from contesting polls

Kuwait's election authorities on Tuesday barred 47 candidates from contesting parliamentary polls later this month for being convicted in courts or not fulfilling nomination requirements, candidates said. Those barred include former opposition MPs Bader a

Published 02 Nov, 2016 12:00am

Six dead, 10 injured in US bus crash

At least six people were killed and 10 injured when a school bus carrying no children collided with a commuter bus Tuesday, in a catastrophic pre-dawn accident in the US city of Baltimore, police said. The yellow school bus crashed into a car before caree

Published 02 Nov, 2016 12:00am

Xi meets Taiwan opposition leader, stresses 'One China'

Chinese president Xi Jinping met the leader of Taiwan's opposition party Tuesday as Beijing's relations with the island's new president worsen. Xi met Kuomintang (KMT) leader Hung Hsiu-chu at the Great Hall of the People, the official Xinhua news agency s

Published 02 Nov, 2016 12:00am

Prosecutors detain woman at core of South Korea political crisis

The woman at the centre of the snowballing political scandal engulfing President Park Geun-Hye has been put under emergency detention after prosecutors said she was "unstable" and a flight risk. Choi Soon-Sil, who faces allegations of fraud and meddling i

Published 02 Nov, 2016 12:00am

US MIDDAY: gold and silver and platinum rally

Gold, silver and platinum rallied to one-month highs on Tuesday as concerns over the outcome of the US election sparked losses in stocks and the dollar, prompting investors to seek out precious metals as a haven from risk. The announcement of an FBI inves

Published 02 Nov, 2016 12:00am

US MIDDAY: soya and corn fall

Chicago Board of Trade soyabean and corn futures fell on Tuesday on expectations that the US Department of Agriculture might raise its forecast of the US soyabean yield in a monthly report next week, traders said. Wheat followed the weak trend, with globa

Published 02 Nov, 2016 12:00am

Gold hits one-month high in Europe

Gold, silver and platinum rallied to one-month highs on Tuesday as concerns over the outcome of the US election sparked losses in stocks and the dollar, prompting investors to seek out precious metals as a haven from risk. The announcement of an FBI inves

Published 02 Nov, 2016 12:00am

Gold up in Asia

Gold prices inched up on Tuesday as the dollar edged lower, with investors awaiting cues from a series of upcoming central bank policy meetings and US economic data. Of the various central bank policy meetings due this week, the Federal Open Market Commit

Published 02 Nov, 2016 12:00am

Gold steadies in New York

Gold steadied on Monday, coming off lows as the dollar pared gains, though concerns over the outlook for the US election and Federal Reserve policy kept the metal pinned near the previous session's highest level in nearly four weeks. The dollar was up aro

Published 02 Nov, 2016 12:00am

Raw sugar falls to six-week low, coffee and cocoa drop

Raw sugar futures on ICE fell for the sixth straight session on Tuesday, tapping a six-week low and pushing nearby premiums lower on fund liquidation amid technical sell signals and diminished concern about short-term supply tightness. March raw sugar set

Published 02 Nov, 2016 12:00am

Palm oil rises as rival soyaoils fall

Malaysian palm oil futures dropped on Tuesday evening, hitting their lowest point in more than a week, weighed down by weaker performing rival soyaoils on China's Dalian Commodity Exchange and the Chicago Board of Trade. Palm's movement has been volatile

Published 02 Nov, 2016 12:00am

Rotterdam vegetable oil prices

The following were Tuesday's Rotterdam vegetable oil prices at 1700 GMT:

Published 02 Nov, 2016 12:00am

Brathwaite, Holder inspire dogged West Indies

Kraigg Brathwaite hit an unbeaten 142 and red-hot Jason Holder then took 3-10 as a resurgent West Indies put Pakistan under pressure in the third Test in Sharjah on Tuesday. Brathwaite held together West Indies' first innings of 337 with a resolute 142 no

Published 02 Nov, 2016 12:00am

Currency	Rate
USD PKR Interbank Selling / Mar 21	280.46
USD PKR Interbank Buying / Mar 21	280.26
USD to Japanese Yen / Mar 21	149.32
USD to Swiss Franc / Mar 21	0.88
Pound Sterling to USD / Mar 21	1.29
Euro to USD / Mar 21	1.08
UK LIBOR % / Mar 20	4.96

Stock	Volume
S&P 500 / Mar 21	5,667.56
India Sensex / Mar 21	76,905.51
Tokyo Nikkei / Mar 21	37,677.06
Nasdaq / Mar 21	17,784.05
Hang Seng / Mar 21	23,689.72
FTSE 100 / Mar 21	8,646.79
Dow Jones / Mar 21	41,985.35
Germany DAX 30 / Mar 21	22,891.68
France CAC40 / Mar 21	8,042.95

Item	Value
Crude Oil USD/Barrel / Mar 21	68.31
Karachi Cotton PKR/37.32 KG / Mar 21	17,285
Gold 10 Grams PKR / Mar 21	273,319
Gold Spot USD/Ounce / Mar 21	3,028.10
Cotton US¢/pound / Mar 21	65.27
Petrol/Litre / Mar 22	255.63
Diesel/Litre / Mar 22	258.64

Stock	Price
Ist.Capital Sec / Mar 21 First Capital Securities Corporation(FCSC)	1.73 ▲ 0.25 (16.89%)
Lalpir Power / Mar 21 Lalpir Power Limited(LPL)	29.32 ▲ 2.67 (10.02%)
Bunnys Limited / Mar 21 Bunnys Limited(BNL)	23.16 ▲ 2.11 (10.02%)
Bela Auto / Mar 21 Bela Automotives Limited(BELA)	166.87 ▲ 15.17 (10%)
Sally Textile / Mar 21 Sally Textile Mills Limited(SLYT)	11 ▲ 1 (10%)
Agritech Limited / Mar 21 Agritech Limited(AGL)	73.59 ▲ 6.69 (10%)
S.S.Oil / Mar 21 S.S.Oil Mills Limited(SSOM)	122.16 ▲ 11.11 (10%)
Nishat Mills Ltd / Mar 21 Nishat Mills Limited(NML)	117.76 ▲ 10.71 (10%)
Suraj Cotton / Mar 21 Suraj Cotton Mills Limited(SURC)	122.32 ▲ 11.12 (10%)
Diamond Ind. / Mar 21 Diamond Industries Limited(DIIL)	27.96 ▲ 2.54 (9.99%)

Stock	Price
Elahi Cot. / Mar 21 Elahi Cotton Mills Limited(ELCM)	126.06 ▼ -13.99 (-9.99%)
Khyber Textile / Mar 21 Khyber Textile Mills Limited(KHYT)	435.56 ▼ -47.57 (-9.85%)
Hafiz Ltd. / Mar 21 Hafiz Limited(HAFL)	253.95 ▼ -27.73 (-9.84%)
Universal Ins. / Mar 21 The Universal Insurance Company Limited(UVIC)	9.80 ▼ -1 (-9.26%)
Noon Sugar / Mar 21 Noon Sugar Mills Limited(NONS)	73 ▼ -6.57 (-8.26%)
Sindh Abadgar / Mar 21 Sindh Abadgar's Sugar Mills Limited(SASML)	51.03 ▼ -4.08 (-7.4%)
Ellcot Spinning / Mar 21 Ellcot Spinning Mills Limited(ELSM)	110 ▼ -8.64 (-7.28%)
Askari Life Assur. / Mar 21 Askari Life Assurance Company Limited(ALAC)	5 ▼ -0.39 (-7.24%)
Tariq Corp.Pref. / Mar 21 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.5 (-6.67%)
Quetta Textile / Mar 21 Quetta Textile Mills Limited(QUET)	14.60 ▼ -0.99 (-6.35%)

Stock	Volume
Cnergyico PK / Mar 21 Cnergyico PK Limited(CNERGY)	163,976,906 ▼ -0.21
B.O.Punjab / Mar 21 The Bank of Punjab(BOP)	45,899,654 ▼ -0.15
Pak Refinery / Mar 21 Pakistan Refinery Limited(PRL)	45,149,230 ▼ -0.94
Fauji Foods Ltd / Mar 21 Fauji Foods Limited(FFL)	26,183,687 ▲ 0.48
Sui South Gas / Mar 21 Sui Southern Gas Company Limited(SSGC)	25,173,748 ▲ 0.42
PIA Holding Co.Ltd / Mar 21 PIA Holding Company Limited(PIAHCLA)	19,984,659 ▼ -1.09
Pak Elektron / Mar 21 Pak Elektron Limited(PAEL)	19,229,211 ▼ -0.13
Pak Int.Bulk / Mar 21 Pakistan International Bulk Terminal(PIBTL)	18,221,041 ▼ -0.25
WorldCall Telecom / Mar 21 Worldcall Telecom Limited(WTL)	17,981,776 ▼ -0.02
Hub Power Co. / Mar 21 The Hub Power Company Limited(HUBC)	14,711,439 ▼ -2.32

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