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Print - 2016-11-18
US intelligence chief Clapper resigns

US intelligence chief Clapper resigns

US Director of National Intelligence James Clapper said Thursday that he had submitted his resignation, stepping down as President-elect Donald Trump begins to assemble his new administration. Clapper, whose job is to co-ordinate the work of 17 disparate
Published 18 Nov, 2016 12:00am
Al Meezan receives Innovation Award

Al Meezan receives Innovation Award

Al Meezan has been awarded at The 2016 Innovation Awards by Pensions & Investments' World Pension Summit for excellence in pension reform category. This award recognises the firm for the development of a voluntary pension plan- Meezan Tahaffuz Pension Fun
Published 18 Nov, 2016 12:00am
'Large Import Trading Houses' involved in tax evasion: DGI&IIR

'Large Import Trading Houses' involved in tax evasion: DGI&IIR

A large number of 'Large Import Trading Houses' are involved in tax evasion by enjoying tax exemptions without fulfilment of laid down conditions of the Federal Board of Revenue (FBR), causing massive revenue loss to the national exchequer.
Published 18 Nov, 2016 12:00am
'Go Nisar go' will turn into 'go Nawaz go' if demands not met: Bilawal

'Go Nisar go' will turn into 'go Nawaz go' if demands not met: Bilawal

Chairman Pakistan People's Party Bilawal Bhutto said Thursday that the party's current slogan was 'go Nisar go' which could turn into 'go Nawaz go' if the party demands were not met till December 27. Bilawal said this while talking to media here in the ci
Published 18 Nov, 2016 12:00am
Pakistan condemns Kabul attack

Pakistan condemns Kabul attack

The Government of Pakistan strongly condemns the suicide attack in Kabul that led to the loss of precious lives of Afghan security personnel. Pakistan conveys its deepest sympathies to the bereaved families of those who lost their lives and prayers for sp
Published 18 Nov, 2016 12:00am
President summons National Assembly session

President summons National Assembly session

President Mamnoon Hussain on Thursday summoned the Session of the National Assembly on Friday (today) at the Parliament House, Islamabad. The President has summoned the National Assembly Session in exercise of powers conferred by clause (1) of Article 54
Published 18 Nov, 2016 12:00am
Sindh Assembly adopts Minorities Rights Commission Bill

Sindh Assembly adopts Minorities Rights Commission Bill

The Sindh Assembly on Thursday adopted a private bill 'The Sindh Minorities Rights Commission 2015' into law to help recognize and guarantee religious minorities' rights officially besides ending discriminations and inequality against them.
Published 18 Nov, 2016 12:00am
Panama Leaks: FBR rejects allegations of tempering with tax record

Panama Leaks: FBR rejects allegations of tempering with tax record

Federal Board of Revenue has vehemently denied unfounded allegations levelled by a senior politician and aired on electronic media regarding tampering of tax record of certain individuals whose names have appeared in Panama leaks. FBR considers the tax re
Published 18 Nov, 2016 12:00am
The magnificent Turkey

The magnificent Turkey

Like others, security concerns were the focus of Turkey's foreign policies after its creation in the 1920s, followed by successive governments. Turkish foreign policy continued to follow this basic approach for a considerable time. It was after the Cold W
Published 18 Nov, 2016 12:00am
CG inaugurates US-funded school in Rohri

CG inaugurates US-funded school in Rohri

US Consul General Grace W Shelton and Sindh Education Minister Jam Mahtab Hussain Dahar on Thursday inaugurated a new school in Rohri, district Sukkur that was constructed with the support of the United States Government through the US Agency for Internat
Published 18 Nov, 2016 12:00am
OICCI concerned at declining level of FDI

OICCI concerned at declining level of FDI

The Overseas Investors Chamber of Commerce and Industry (OICCI), the premier body of nearly 200 of the largest foreign investors in Pakistan, has expressed its dismay and deep concern at the sharp and continuous declining level of FDI in the country, and
Published 18 Nov, 2016 12:00am
SSC, HSSC exams: AKUEB gives awards to high achievers

SSC, HSSC exams: AKUEB gives awards to high achievers

One hundred and sixty-two students nation-wide were recognised for their outstanding performance in the Secondary School Certificate (SSC) and Higher Secondary School Certificate (HSSC) examinations at high achievers award ceremony, held by the Aga Khan U
Published 18 Nov, 2016 12:00am
Visiting ships to participate in naval exercise

Visiting ships to participate in naval exercise

Chinese Navy Ships CHANGXINGDAO (Ocean Salvage & Rescue Ship) and PLA (N) Ship HANDAN are in Karachi these days on a good-will visit to Pakistan. The visiting ships will participate in the fourth Pak-China bilateral naval exercise.
Published 18 Nov, 2016 12:00am
Oil storage capacity to be enhanced: minister

Oil storage capacity to be enhanced: minister

The government has announced its plan to enhance oil storage capacity to meet increasing consumption of petroleum products in the country. "The government has also directed the state owned Pakistan State Oil Company (PSO) to enhance its storage capacity o
Published 18 Nov, 2016 12:00am
SBP Deputy Governor visits NIFT

SBP Deputy Governor visits NIFT

The Deputy Governor, State Bank of Pakistan, Saeed Ahmad along with his team visited NIFT Head Office on 15th November 2016. Haider Wahab, Chief Executive Officer, NIFT welcomed the Deputy Governor SBP and the delegation accompanying the DG.
Published 18 Nov, 2016 12:00am
Over 300 kidney transplants carried out at SIUT in 2015 alone

Over 300 kidney transplants carried out at SIUT in 2015 alone

Camped on the baking concrete outside a gleaming transplant centre, Karachi's sick have come from miles around in desperate hope for a last chance at life. There, Dr Adibul Rizvi provides free medical care to hundreds of thousands of people each year, pro
Published 18 Nov, 2016 12:00am
Dar, Turkish Deputy PMs discuss matters of bilateral interest

Dar, Turkish Deputy PMs discuss matters of bilateral interest

Finance Minister Senator Mohammad Ishaq Dar held a joint meeting with the Deputy Prime Ministers of Turkey, Yildirim Tugrul Turkes and Veysi Kaynak, at the Prime Minister's House on Thursday to discuss matters of bilateral interest between Pakistan and Tu
Published 18 Nov, 2016 12:00am
PAC seeks details of extravagant expenditure of NICL

PAC seeks details of extravagant expenditure of NICL

Public Accounts Committee (PAC) on Thursday sought details of extravagant expenditure of National Insurance Company Limited (NICL) to the tune of Rs 1,772 million in 2010-11 against Rs 770 million in 2011-12.
Published 18 Nov, 2016 12:00am
FTO Secretariat holds awareness workshop for traders

FTO Secretariat holds awareness workshop for traders

Federal Tax Ombudsman (FTO) organized an awareness workshop on Thursday, regarding its project titled "Public Awareness and Advocacy About Dispute Resolution Mechanism of Federal Tax Ombudsman" for medium and small scale enterprises at a local hotel of Ra
Published 18 Nov, 2016 12:00am
UN's attention drawn to major escalation in Indian attacks

UN's attention drawn to major escalation in Indian attacks

Pakistan has told the United Nations that Indian occupation troops in Kashmir launched artillery barrages last week in a "major escalation" of attacks on the Line of Control (LoC) threatening regional peace and security.
Published 18 Nov, 2016 12:00am
SDGs: Challenges facing implementation

SDGs: Challenges facing implementation

The implementation on Sustainable Development Goals (SDGs) in Pakistan is facing serious challenges, including unavailability of authentic data, ownership and flow of resources as well as lack of level playing field. This was the crux of national conferen
Published 18 Nov, 2016 12:00am
Newly-born babies: Punjab health department introducing new vaccines

Newly-born babies: Punjab health department introducing new vaccines

Punjab primary and secondary healthcare department is going to introduce three vaccines ie, Rota Virus, DPT Booster Doze for 4-5 year children and Hepatitis-B birth doze for newly born babies from year 2017 whereas, Measles, Rubella (MR) vaccine would be
Published 18 Nov, 2016 12:00am
Export of gypsum: Minister seeks private sector's proposals

Export of gypsum: Minister seeks private sector's proposals

Punjab Minister for mines and minerals Chaudhry Sher Ali has sought the private sector's proposals regarding export of gypsum and said that prudent approach would be adopted in this regard as country has not enough reserves of gypsum. The minister was tal
Published 18 Nov, 2016 12:00am
Gang rape case: LHC seeks petitioner's production

Gang rape case: LHC seeks petitioner's production

The Lahore High Court on Thursday directed the petitioner Adnan Sanaullah, a former office-bearer of PML-N Youth Wing, to appear before the court on November 25 in an appeal of prosecution department challenging his bail after the victim girl tendered an
Published 18 Nov, 2016 12:00am
ADB resident mission, foreign journalists visit FESCO HQ

ADB resident mission, foreign journalists visit FESCO HQ

Resident Mission of Asian Development Bank (ADB) along with foreign journalists visited the Faisalabad Electric Supply Company (FESCO) headquarters in connection with 50 years celebration of ADB. Senior External Relations Officer Muhammad Ismail Khan was
Published 18 Nov, 2016 12:00am
South Punjab traders welcome Erdogan's visit

South Punjab traders welcome Erdogan's visit

The business community of Southern Punjab has welcomed the visit of Turkish President Recep Tayyip Erdogan and trade delegations and reiterated their demand to withdraw discriminate tariff on Pakistani products. President of Multan Chamber of Commerce& In
Published 18 Nov, 2016 12:00am
8 alleged Daesh men arrested at Lahore

8 alleged Daesh men arrested at Lahore

The counter-terrorism department (CTD) Punjab on Thursday claimed to have busted a cell of internationally banned outfit "Daesh" operating in Lahore. As per details, the CTD personnel arrested eight members along with its ring leader when they were trying
Published 18 Nov, 2016 12:00am
Community-managed hydropower plants: PPAF receives global recognition

Community-managed hydropower plants: PPAF receives global recognition

The Pakistan Poverty Alleviation Fund (PPAF) here on Thursday received global recognition for its community managed Hydropower Plants. According to PPAF announcement, here on Thursday, the award winning project is about 55 micro hydro plants completed in
Published 18 Nov, 2016 12:00am
Turkish schools Students protest against deportation of staff

Turkish schools Students protest against deportation of staff

Students and teachers of Pak-Turk school staged a protest against the deportation of Turkish staff from Pakistan at boy's campus Raiwand Road on Thursday. Ahead of Turkish President Recep Tayyip Erdogan's visit to Pakistan, the interior ministry, earlier
Published 18 Nov, 2016 12:00am
FCCI demands establishment of High Court bench

FCCI demands establishment of High Court bench

The first meeting of the FCCI Standing Committee on establishment of High Court bench in Faisalabad was held here with SVP/Patron-in-Chief Rana Sikandar Azam in the chair. It was also attended by Rashid Munir, Rana Ikram Ullah, Abrar Ahmed, Chuadhry Muham
Published 18 Nov, 2016 12:00am
Industrial park & SEZ China, Sindh agree to form working group

Industrial park & SEZ China, Sindh agree to form working group

Officials of China's Ministry of Industry and Information Technology and Economic and Commercial Councillor of Chinese Consulate in a meeting with Chairperson Sindh Board of Investment (SBI), Naheed Memon have agreed to form a working group for developmen
Published 18 Nov, 2016 12:00am
PAAPAM hopes to get orders from US auto parts manufacturer

PAAPAM hopes to get orders from US auto parts manufacturer

Pakistan Association of Automotive Parts and Accessories (PAAPAM) has expressed optimism to get orders from the American auto parts manufacturer for a new model of Fiat Chrysler, expected to be launched in 2017-18. Talking to the Business Recorder,
Published 18 Nov, 2016 12:00am
Pillion riding banned: 20th and 21st

Pillion riding banned: 20th and 21st

The Sindh Home Department on Thursday imposed two-day ban on pillion riding with effect from November 20 and 21, a notification of the department said. According to the notification, the ban will be imposed due to the Chehlum of Hazrat Imam Hussain (AS),
Published 18 Nov, 2016 12:00am
US MIDDAY: gold at 5-1/2-month low

US MIDDAY: gold at 5-1/2-month low

Gold fell to a 5-1/2-month low on Thursday, giving up earlier gains as the dollar index tapped a 13-1/2-year high on strong US economic data and comments by US Federal Reserve Chair Janet Yellen that bolstered the case for hiking interest rates next month
Published 18 Nov, 2016 12:00am
US MIDDAY: wheat climbs

US MIDDAY: wheat climbs

US wheat futures rose about 1.5 percent on Thursday as expectations for a drop in US wheat plantings for 2017 and strong weekly export sales prompted short-covering, traders said. Corn and soyabeans closed modestly higher on technical buying and strong we
Published 18 Nov, 2016 12:00am
US grain exports slide after Trump win batters Mexican peso
Currency

US grain exports slide after Trump win batters Mexican peso

Mexican demand for US grain imports has slumped along with the country's sinking peso as buyers withdrew from the market amid soaring costs in the week since Donald Trump won the presidential election, traders and industry analysts said. Corn prices in pe
Published 18 Nov, 2016 12:00am
Brazil to auction half its coffee stocks this year

Brazil to auction half its coffee stocks this year

Brazil's government will auction 693,300 bags of coffee from its stocks this year due to high coffee prices and concerns about supplies, newspaper Valor Economico reported on Thursday. If necessary, the remaining 679,400 bags could be auctioned in 2017, t
Published 18 Nov, 2016 12:00am
Gold gains in Europe

Gold gains in Europe

Gold gained on Thursday, shrugging off strong US economic data and comments by US Federal Reserve Chair Janet Yellen that further bolstered the case for hiking rates next month. Markets had already come to terms with a US rate rise, so they calmed down af
Published 18 Nov, 2016 12:00am
Gold steadies in Asia
Currency

Gold steadies in Asia

Gold steadied on Thursday in Asian trade as a rally in the US dollar showed signs of fatigue after the currency hit its highest in nearly 14 years against a basket of currencies the day before. Spot gold was up 0.1 percent at $1,226.26 an ounce at 0455 GM
Published 18 Nov, 2016 12:00am
Gold slips in New York
Currency

Gold slips in New York

Gold eased on Wednesday as the dollar climbed to a 14-year high against a currency basket, extending a week-long rally driven by a surge in Treasury yields after Donald Trump's election to the US presidency. The metal has shed more than $100 an ounce from
Published 18 Nov, 2016 12:00am
New York cocoa up from three-year low; London at 1-1/2-year trough

New York cocoa up from three-year low; London at 1-1/2-year trough

New York cocoa futures on ICE firmed on late-day buying after tapping their lowest in more than three years on Thursday, while London prices fell to a 1-1/2-year low on fund selling as traders focused on expectations of a 2016-17 global surplus. Raw sugar
Published 18 Nov, 2016 12:00am
Palm oil soars on weaker ringgit, stronger Dalian
Currency

Palm oil soars on weaker ringgit, stronger Dalian

Malaysian palm oil futures rose in trade on Thursday evening, aided by a weaker ringgit, which hit a near 10-month low, and stronger-performing rival oils on China's Dalian Commodity Exchange. A weaker ringgit usually lends support to palm by making it ch
Published 18 Nov, 2016 12:00am
Rubber climbs

Rubber climbs

Benchmark Tokyo rubber futures hit a near 16-month high on Thursday, extending gains for a third day, buoyed by expectations of higher demand from top buyer China and supply worries, though it pared some of its earlier gains on profit-taking. Tokyo Commod
Published 18 Nov, 2016 12:00am
Oil rises on optimism over Opec deal

Oil rises on optimism over Opec deal

Oil prices rose on Thursday, with US crude briefly rising as much as $1 a barrel, as expectations of an Opec deal to limit production outweighed oversupply concerns, but a rallying dollar capped gains. Saudi Energy Minister Khalid al-Falih said he was opt
Published 18 Nov, 2016 12:00am
Nigeria to pay $5.1 billion in unpaid bills to oil majors

Nigeria to pay $5.1 billion in unpaid bills to oil majors

Nigeria has reached a deal to pay $5.1 billion in unpaid bills to oil majors including Royal Dutch Shell and Exxon Mobil, the minister of state for oil said on Thursday. The Nigerian National Petroleum Corporation (NNPC), the OPEC member's state oil firm,
Published 18 Nov, 2016 12:00am
Copper rises on speculative trades

Copper rises on speculative trades

Copper rose on Thursday in volatile trade on speculative flows and against the backdrop of falling inventories for the metal used in construction and power. Benchmark copper on the London Metal Exchange closed 1.2 percent higher at $5,495.50 per tonne aft
Published 18 Nov, 2016 12:00am
Shanghai copper slips

Shanghai copper slips

The most-traded January copper contract on the Shanghai Futures Exchange dropped 1.1 percent to close at 43,670 yuan ($6,357) a tonne on Thursday as the dollar stayed near a 13-1/2-year high, pulling the industrial metal further away from its strongest le
Published 18 Nov, 2016 12:00am
UK government drops plans to curb power of Lords

UK government drops plans to curb power of Lords

The British government said Thursday it has dropped plans to curb the power of the unelected House of Lords, which it had been considering following an embarrassing policy defeat. In October last year, the upper chamber of parliament defeated the governme
Published 18 Nov, 2016 12:00am
Britain ratifies global climate pact

Britain ratifies global climate pact

Britain ratified the Paris agreement on climate change Thursday, joining more than 100 other countries in a move that campaigners hope will prompt US President-elect Donald Trump to honour the deal. Foreign Secretary Boris Johnson signed the Paris Agreeme
Published 18 Nov, 2016 12:00am
Argentina extradites Colombian drug lord to US

Argentina extradites Colombian drug lord to US

Argentina extradited alleged Colombian drug boss Henry Jesus Lopez Londono to the United States on Thursday, authorities said. Londono, 45, was taken by helicopter from a prison on the outskirts of the Argentine capital to a nearby airport, where he was p
Published 18 Nov, 2016 12:00am
Britain deepens defence ties with France, despite Brexit

Britain deepens defence ties with France, despite Brexit

Despite voting to leave the EU, Britain is deepening defence ties with France, agreeing to pool missile development research centres in a step presented Thursday as "historic". European countries have been slow to pool arms know-how, fearing an erosion of
Published 18 Nov, 2016 12:00am
Iraqis move on airports in month-old Mosul battle

Iraqis move on airports in month-old Mosul battle

Iraqi forces piled pressure on the Islamic State group around Mosul Thursday, moving closer to cutting off the jihadists' escape route west to Syria and thrusting deeper into the east of the city. Pro-government paramilitary forces advancing on the town o
Published 18 Nov, 2016 12:00am
Regime bombardment kills 25 civilians in east Aleppo

Regime bombardment kills 25 civilians in east Aleppo

Syrian air strikes and shelling killed 25 civilians in eastern districts of Aleppo on Thursday, a monitor said, on the third day of a wide-ranging regime assault on rebel-held areas. The bombardment hit at least six rebel-held neighbourhoods, the Syrian O
Published 18 Nov, 2016 12:00am
Over 50 percent of Europeans trust media

Over 50 percent of Europeans trust media

A little more than half of Europeans trust their news media, with the figure much higher in Scandinavian countries but lower in several southern countries, an EU study said Thursday. Some 53 percent of respondents agreed their national media provide trust
Published 18 Nov, 2016 12:00am
AOL to cut 500 jobs, mostly in corporate units

AOL to cut 500 jobs, mostly in corporate units

Verizon Communications Inc's AOL digital media unit will lay off 5 percent of its workforce, or about 500 people, to consolidate operations after recent acquisitions, a person familiar with the situation said on Thursday. Most of the cuts will be in corpo
Published 18 Nov, 2016 12:00am
Dow, S&P 500 drop as US bank rally wanes, tech boosts Nasdaq

Dow, S&P 500 drop as US bank rally wanes, tech boosts Nasdaq

The S&P 500 closed lower and the Dow ended a seven-day rally on Wednesday as financial stocks fell but gains in technology stocks helped Nasdaq end the day higher. US stocks had been on a tear since the real estate developer's surprise victory in the Nove
Published 18 Nov, 2016 12:00am
Tokyo stocks flat

Tokyo stocks flat

Tokyo stocks closed slightly up Thursday at a fresh nine-month high as a rally fuelled by a weaker yen lost steam. The benchmark Nikkei 225 index had risen nearly 10 percent by Wednesday's close in a sharp run up following Donald Trump's surprising victor
Published 18 Nov, 2016 12:00am
US inflation, labour market data bolster Fed December rate hike

US inflation, labour market data bolster Fed December rate hike

US consumer prices recorded their biggest increase in six months in October on rising gasoline costs and rents, suggesting a pickup in inflation that potentially clears the way for the Federal Reserve to raise interest rates in December. Prospects for a r
Published 18 Nov, 2016 12:00am
'Safe haven' Cyprus nets record tourism year

'Safe haven' Cyprus nets record tourism year

Almost three million tourists visited Cyprus in the first 10 months of 2016, data showed Thursday, ensuring a record year for the island seen as a regional safe haven. The finance ministry said the number of tourists visiting the eastern Mediterranean cou
Published 18 Nov, 2016 12:00am
French jobless rise unwelcome news for Hollande

French jobless rise unwelcome news for Hollande

France's unemployment rate increased slightly in the third quarter, figures showed Thursday in discouraging news for President Francois Hollande as he weighs a re-election bid. Joblessness was up 0.1 percentage points to 9.7 percent in the mainland. For a
Published 18 Nov, 2016 12:00am
Falling food prices, warm weather hurt Wal-Mart sales
Currency

Falling food prices, warm weather hurt Wal-Mart sales

Wal-Mart Stores Inc on Thursday reported lower-than-expected quarterly sales at established US stores, citing declining food prices and warmer-than-usual temperatures that curbed demand for seasonal items. Shares of Wal-Mart, the world's largest retailer,
Published 18 Nov, 2016 12:00am
Brazil recession worsens in Q3

Brazil recession worsens in Q3

Brazil's recession deepened in the third quarter, central bank data showed on Thursday, adding to pessimism that there would be no quick end to country's two-year-long downturn. Economic activity in Brazil fell 0.78 percent in the third quarter from the p
Published 18 Nov, 2016 12:00am
Former Valeant executive arrested in US fraud probe

Former Valeant executive arrested in US fraud probe

A former executive at the Canadian pharmaceutical company Valeant was arrested Thursday in connection with a probe of fraud allegations, according to federal prosecutors in New York. Former executive Gary Tanner was arrested in Pennsylvania while Andy Dav
Published 18 Nov, 2016 12:00am
British retail sales surge

British retail sales surge

Retail sales in Britain rebounded sharply last month on strong clothing demand, official data showed Thursday, as shoppers brushed off Brexit jitters. Sales by volume jumped by 1.9 percent in October compared with September, the Office for National Statis
Published 18 Nov, 2016 12:00am
Australia jobless holds at three-year low

Australia jobless holds at three-year low

Australia's jobless rate held at a three-year trough of 5.6 percent in October but employment rebounded only modestly from a sharp fall the previous month, a mixed report that did little to alter the outlook for steady interest rates. Thursday's data from
Published 18 Nov, 2016 12:00am
India eases cash rules for weddings

India eases cash rules for weddings

India announced new measures Thursday to allow farmers and marrying couples to withdraw more money from banks, as frustration mounted over a cash crisis triggered by the withdrawal of all high-value notes. The shock move last week, which saw 85 percent of
Published 18 Nov, 2016 12:00am
Top banks' 9-month commodities revenue down 22 percent

Top banks' 9-month commodities revenue down 22 percent

Commodities-related revenue at the 12 biggest investment banks fell 22 percent in the first nine months due to weak industrial metals trading and lacklustre investor interest, a report by financial industry analytics firm Coalition said. Revenue from comm
Published 18 Nov, 2016 12:00am
Asia-Pacific leaders talk trade in a Trump world

Asia-Pacific leaders talk trade in a Trump world

Top world leaders meet from Thursday to try to save their cherished free trade accords from feared extinction under US President-elect Donald Trump. Here are three big factors looming over the Asia-Pacific Economic Cooperation (Apec) summit from Thursday
Published 18 Nov, 2016 12:00am
Philippines' robust Q3 growth beats expectations

Philippines' robust Q3 growth beats expectations

The Philippine economy grew at its fastest pace in more than three years in July-September, most of President Rodrigo Duterte's first 100 days in office, setting him up to meet the ambitious target he set for the year. Duterte's government was quick to ta
Published 18 Nov, 2016 12:00am
Wells Fargo says account openings slow in October

Wells Fargo says account openings slow in October

Wells Fargo & Co's account openings slowed in October, following a sales scandal that shattered the bank's folksy image, triggered federal and state investigations and cost the bank's chief executive his job. October consumer account opens fell 27 percent
Published 18 Nov, 2016 12:00am
AOL to cut 500 jobs, mostly in corporate units

AOL to cut 500 jobs, mostly in corporate units

Verizon Communications Inc's AOL digital media unit will lay off 5 percent of its workforce, or about 500 people, to consolidate operations after recent acquisitions, a person familiar with the situation said on Thursday. Most of the cuts will be in corpo
Published 18 Nov, 2016 12:00am
Chinese soyabean futures fall five percent

Chinese soyabean futures fall five percent

Chinese soyabean futures tumbled 5 percent on Monday, extending a decline that started in evening trade on Friday on talk of government measures to crack down on speculation, said analysts. The most active contract on the Dalian commodity exchange closed
Published 18 Nov, 2016 12:00am
Prices gain momentum on strong demand
Cotton

Prices gain momentum on strong demand

Prices gained momentum on the cotton market on Thursday amid strong demand of quality, dealers said. The official spot rate was higher by Rs 100 to Rs 6100, dealers said. In Sindh, seed cotton prices were unchanged at Rs 2200-3150, they said, however, in
Published 18 Nov, 2016 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 205,402 tonnes of cargo comprising 171,204 tonnes of import cargo and 34,198 tonnes of export cargo including NA loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 171,
Published 18 Nov, 2016 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Wednesday at Pakistan Mercantile Exchange Limited, P.M.E.X Commodity Index closed at 2,975. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 5.24 billion and the number of lots traded was 11,294. Major business was contributed b
Published 18 Nov, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 18 Nov, 2016 12:00am
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