News Archives for Print - 2016-11-24 - Business Recorder

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Print - 2016-11-24

Wall Street extends record streak, Dow breaks 19,000 for first time

Wall Street extends record streak, Dow breaks 19,000 for first time

US stocks extended their post-US election rally on Tuesday with moderate gains that pushed the Dow above 19,000 for the first time and the three major indexes to record closing levels for a second straight day.

Published 24 Nov, 2016 12:00am

UBG claims restoring respect for business community

UBG claims restoring respect for business community

Chairman, United Business Group (UBG) South Zone, Khalid Tawab has said that UBG in two years have worked hard at FPCCI and has restored the respect of business community with the government and have tried to solve most of the problems faced by the busine

Published 24 Nov, 2016 12:00am

PABOC to be held in April 2017

PABOC to be held in April 2017

Pakistan America Business Opportunities Conference (PABOC) will be organized on April 2017 in Karachi. It was agreed in a meeting between Chairperson Sindh Board of Investment (SBI) Naheed Memon and officials of the Consulate of United States in Karachi.

Published 24 Nov, 2016 12:00am

Transgender persons banned from performing Umrah

Transgender persons banned from performing Umrah

The Saudi government has decided not to allow transgender people to perform Umrah pilgrimage. In this regard, officials said, the Saudi authorities have refused to issue visas to the transgenders willing to visit the holy land from across the world. Repor

Published 24 Nov, 2016 12:00am

Two more children died of malnutrition

Two more children died of malnutrition

Two more children died of malnutrition during treatment here on Wednesday after which the death toll during the current month has climbed to 28. District Health Officer (DHO) Dr Chandar Gormani said that two children aged one year and one-month affected o

Published 24 Nov, 2016 12:00am

Engine, bogies of train derail

Engine, bogies of train derail

The engine and two bogies of Rawal Express derailed near Chaklala railway station, Rawalpindi in the wee hours of Wednesday, railway authorities said. The incident occurred in Kaliam Awan area and caused delays for several hours in the movement of trains

Published 24 Nov, 2016 12:00am

Indian aggression: Senate criticises Prime Minister for his 'lukewarm' response

Indian aggression: Senate criticises Prime Minister for his 'lukewarm' response

The lawmakers in the Senate on Wednesday came down hard on Prime Minister Nawaz Sharif for his "lukewarm" response to Indian aggression and asked him to give a tit-for-tat response to India for continuous shelling on the Line of Control (LoC).

Published 24 Nov, 2016 12:00am

Fawad Chaudhry made new PTI spokesman

Fawad Chaudhry made new PTI spokesman

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan Wednesday appointed Fawad Chaudhry as new spokesman of the party. "It is hereby notified that Fawad Chaudhry is appointed as the party spokesperson," said the notification issued by PTI's Secretary Genera

Published 24 Nov, 2016 12:00am

Five sentenced to death over burning of Christian couple

Five sentenced to death over burning of Christian couple

An anti-terror court sentenced five people to death Wednesday over the killing of a Christian couple who were lynched and burned in a kiln after being falsely accused of blasphemy. The deaths of Shahzad Masih and Shama Bibi caused outrage and saw other Ch

Published 24 Nov, 2016 12:00am

Boris Johnson due today

Boris Johnson due today

British Foreign Secretary Boris Johnson will start his two-day official visit to Pakistan on Thursday to hold talks with the country's leadership on regional situation and issues of mutual interest.

Published 24 Nov, 2016 12:00am

Senate informed: CNIC number can be used as NTN number for tax return

Senate informed: CNIC number can be used as NTN number for tax return

The Senate was informed on Wednesday that any Pakistan citizen, having Computerised National Identity Card, can now file tax returns, using CNIC number as his/her National Tax Number (NTN) while the criterion will remain the same under section 114 of the

Published 24 Nov, 2016 12:00am

Visas' refusal to KP's ministers: Chinese embassy denies report

Visas' refusal to KP's ministers: Chinese embassy denies report

A spokesperson of the Chinese embassy here contradicted the report appeared in a section of the press on Wednesday that the embassy refused visa to KP's ministers.

Published 24 Nov, 2016 12:00am

OGDCL resumes seismic surveys in Awaran, Pasni

OGDCL resumes seismic surveys in Awaran, Pasni

The state-owned Oil and Gas Development Company Limited (OGDCL) after almost one decade has resumed seismic surveys in Pasni, Awaran and other areas of militancy-hit Balochistan to explore oil/gas reservoirs. Addressing a joint press conference here on We

Published 24 Nov, 2016 12:00am

Panama Leaks case: Siraj appeals Supreme Court not to 'disappoint' nation

Panama Leaks case: Siraj appeals Supreme Court not to 'disappoint' nation

JI Pakistan chief, Senator Sirajul Haq has made an impassioned appeal to the Supreme Court not to disappoint the nation in respect of the accountability of the ruling elite otherwise the country could plunge in anarchy and civil war.

Published 24 Nov, 2016 12:00am

Fertilizer industry pays over Rs109bn as GIDC up to October

Fertilizer industry pays over Rs109bn as GIDC up to October

Fertilizer industry has paid over Rs 109 billion as Gas Infrastructure Development Cess (GIDC) up to October 2016 which is highest among all the sectors/ industries. Latest data revealed that among other sectors Fertilizer sector is top contributor of GID

Published 24 Nov, 2016 12:00am

ZTBL opens 10 new branches in current year

ZTBL opens 10 new branches in current year

The Zari Taraqiati Bank Limited (ZTBL) will expand its branch network by opening 10 new branches in the country in the current year. This was said by Syed Talat Mahmood President ZTBL while addressing an award distribution ceremony of ZTBL officials at a

Published 24 Nov, 2016 12:00am

Cardiac issues: Shahbaz shifted to residence from hospital

Cardiac issues: Shahbaz shifted to residence from hospital

Punjab Chief Minister Shahbaz Sharif, who was taken to Ittefaq Hospital following some health problem, has shifted to his residence on Wednesday. A medical team headed by Chief Executive Punjab Institute of Cardiology conducted his medical check-up as wel

Published 24 Nov, 2016 12:00am

Counter-terrorism, disarmament: Pak-EU JC agree to continue cooperation

Counter-terrorism, disarmament: Pak-EU JC agree to continue cooperation

The 7th meeting of Pakistan-EU Joint Commission was held in Islamabad on Wednesday. The Pakistan side was jointly led by Foreign Secretary Aizaz Ahmad Chaudhry and Secretary Economic Affairs Division Tariq Bajwa. The EU delegation was led by Gunnar Wiegan

Published 24 Nov, 2016 12:00am

Promotion, protection of human rights top most priority: Kamran

Promotion, protection of human rights top most priority: Kamran

Federal Minister for Human Rights Senator Kamran Michael on Wednesday said the promotion and protection of human rights including the rights of women and children was the top most priority of the government and bright future for the country could only be

Published 24 Nov, 2016 12:00am

Officials of RTOs: performance evaluation to be assessed on basis of recovery pace

Officials of RTOs: performance evaluation to be assessed on basis of recovery pace

The performance evaluation of the Chief Commissioners and senior officials of Regional Tax Offices (RTOs) would also be assessed on the basis of pace of recovery and enforcement action in big tax evasion/concealment cases, involving billions of rupees det

Published 24 Nov, 2016 12:00am

Efforts being made to end misuse of blasphemy law: PUC chief

Efforts being made to end misuse of blasphemy law: PUC chief

Representatives and leadership of all religions of the country are playing an effective role in eradication of terrorism and extremism, and promoting interfaith harmony. This was stated by Hafiz Muhammad Tahir Mehmood Ashrafi, Chairman Pakistan Ulema Coun

Published 24 Nov, 2016 12:00am

Mamnoon for close ties with Ukraine

Mamnoon for close ties with Ukraine

President Mamnoon Hussain on Wednesday said Pakistan gave utmost importance to its relations with Ukraine and was committed to strengthening bilateral relations in fields of trade, information technology and infrastructure. Talking to Ukraine's defence mi

Published 24 Nov, 2016 12:00am

Iran will retaliate if US renews sanctions: Khamenei

Iran will retaliate if US renews sanctions: Khamenei

Iran will retaliate if the United States renews sanctions next month, supreme leader Ayatollah Ali Khamenei warned Wednesday.

Published 24 Nov, 2016 12:00am

US and China agree on tougher UN sanctions against North Korea

US and China agree on tougher UN sanctions against North Korea

The United States and China have agreed on a new raft of tougher UN sanctions against North Korea in response to Pyongyang's fifth and biggest nuclear test, a Security Council diplomat said Wednesday.

Published 24 Nov, 2016 12:00am

Morocco, seven Arab nations quit Africa-Arab summit

Morocco, seven Arab nations quit Africa-Arab summit

Morocco and several Arab countries walked out of an Africa-Arab nations summit in Equatorial Guinea on Wednesday to protest the presence of a delegation from the Polisario Front, media reports said.

Published 24 Nov, 2016 12:00am

Trumps picks first woman, a critic, for his cabinet

Trumps picks first woman, a critic, for his cabinet

Donald Trump chose a Republican critic to join his cabinet Wednesday, the first woman on his top team after his early picks rewarded campaign loyalists. Trump's nomination of South Carolina's 44-year-old governor, Nikki Haley, as US ambassador to the Unit

Published 24 Nov, 2016 12:00am

Nazi-inspired loner gets life for murder of British MP

Nazi-inspired loner gets life for murder of British MP

A far-right extremist was on Wednesday sentenced to life in prison without the possibility of release for murdering British MP Jo Cox a week before Britain's EU referendum in a "politically motivated" attack. Sentencing Thomas Mair, 53, to a rare "whole l

Published 24 Nov, 2016 12:00am

EU Parliament urges fight against Russia 'propaganda'

EU Parliament urges fight against Russia 'propaganda'

The European Parliament on Wednesday warned that "hostile propaganda" by Russia against the EU was growing and urged Brussels to step up its fight against disinformation.

Published 24 Nov, 2016 12:00am

Sri Lanka bans use of young elephants for work

Sri Lanka bans use of young elephants for work

Sri Lanka unveiled tougher laws Wednesday, including a ban on using young elephants for logging and other physical work, as part of a crackdown on cruelty to domesticated wild animals. Wildlife Minister Gamini Jayawickrama Perera said the cabinet approved

Published 24 Nov, 2016 12:00am

Aleppo civilians try to flee as Syria army advances

Aleppo civilians try to flee as Syria army advances

Dozens of civilians tried to flee rebel-held east Aleppo overnight but were forced back by gunfire, as the Syrian army on Wednesday pressed an offensive to recapture the whole city. The government last week resumed its drive to retake the east of the city

Published 24 Nov, 2016 12:00am

Prominent Turkish novelist Asli Erdogan to stay in jail

Prominent Turkish novelist Asli Erdogan to stay in jail

Prominent Turkish novelist Asli Erdogan and linguist Necmiye Alpay are to remain in jail on charges of terror group membership despite an earlier report on Wednesday that they were to be released. Erdogan and Alpay have been held 97 and 85 days respective

Published 24 Nov, 2016 12:00am

Iraqi forces cut off IS-held Mosul from Syria

Iraqi forces cut off IS-held Mosul from Syria

Forces battling the Islamic State group in northern Iraq cut off the jihadists' last supply line from Mosul to Syria Wednesday, trapping them in the city for a bloody last stand. A day after the last major bridge over the Tigris in Mosul was bombed by the

Published 24 Nov, 2016 12:00am

Erdogan says EU lawmakers' vote on Turkish membership 'has no value'

Erdogan says EU lawmakers' vote on Turkish membership 'has no value'

Turkish President Tayyip Erdogan said on Wednesday that a vote by the European Parliament on whether to halt EU membership talks with Ankara "has no value in our eyes" and again accused Europe of siding with terrorist organisations.

Published 24 Nov, 2016 12:00am

Aussie, kiwi up

Currency

Aussie, kiwi up

The Australian and New Zealand dollars edged up on Wednesday as less volatile markets, rising equities and bubbly commodities underpinned sentiment for carry trades. The Australian dollar edged up to $0.7428, from $0.7400 in early trade, having bounced fr

Published 24 Nov, 2016 12:00am

Budget drives sterling higher against struggling euro

Currency

Budget drives sterling higher against struggling euro

Sterling surged to a 10-week high against the euro and resisted the dramatic falls against the dollar suffered by other major currencies after a UK budget read as doing more than had been expected to bolster growth in years to come.

Published 24 Nov, 2016 12:00am

Canadian dollar surges

Currency

Canadian dollar surges

The Canadian dollar strengthened to a nearly two-week high against its US counterpart on Tuesday as investors weighed prospects of an output cut by major oil producers and domestic retail sales rose for the first time in three months.

Published 24 Nov, 2016 12:00am

US rate hike views enfeeble Asia FX

Currency

US rate hike views enfeeble Asia FX

Most emerging Asian currencies eased on Wednesday as the dollar hovered around a 13-1/2-year peak and as expectations grew that the Federal Reserve may raise interest rates further next year after an expected hike in December. The Malaysian ringgit hit a

Published 24 Nov, 2016 12:00am

Sri Lankan rupee edges up

Sri Lankan rupee edges up

The Sri Lankan rupee ended slightly firmer on Wednesday as dollar selling by exporters in late trade outweighed importer demand for the greenback on fears that US President-elect Donald Trump's policies would lead to a rise in rates and the dollar. Foreig

Published 24 Nov, 2016 12:00am

Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 78.60-78.62 (previous 78.58-78.58).

Published 24 Nov, 2016 12:00am

Dollar index rises in New York

Currency

Dollar index rises in New York

The dollar resumed its uptrend on Tuesday, helped by a surge in US existing home sales last month that further cemented expectations not only of a Federal Reserve interest rate hike in December, but also of further tightening next year. On Monday, the dol

Published 24 Nov, 2016 12:00am

Early trade in New York: dollar soars to highest in more than 13 years

Currency

Early trade in New York: dollar soars to highest in more than 13 years

The dollar surged to a more than 13-year peak on Wednesday, bolstered by upbeat US economic data that showed the economy on track for steady growth and reinforced expectations of interest rate increases by the Federal Reserve next month and in 2017.

Published 24 Nov, 2016 12:00am

Dollar steadies, offshore yuan hits record low in Europe

Currency

Dollar steadies, offshore yuan hits record low in Europe

The dollar steadied near a recent peak on Wednesday, taking a breather ahead of the US Thanksgiving holiday after surging on expectations that a Donald Trump administration will boost growth and inflation, pushing up US interest rates.

Published 24 Nov, 2016 12:00am

Dollar clings near 13-1/2-year high in Asia

Dollar clings near 13-1/2-year high in Asia

The dollar hovered near a recent 13 1/2-year peak on Wednesday, taking a breather after surging on expectations that US interest rates will rise further than earlier anticipated due to prospects of increased fiscal stimulus under a Trump administration.

Published 24 Nov, 2016 12:00am

Letter of Qatari prince raises many questions

Letter of Qatari prince raises many questions

The letter of Qatari prince Hamad Bin Jassim Bin Jaber Al Thani claimed that Mayfair flats were their property before 2006 but many questions would be asked from him if he shows up in Supreme Court. Law experts believe that there is no significance of thi

Published 24 Nov, 2016 12:00am

Economy growing but is it enough?

Economy growing but is it enough?

Shah Nawaz walks Karachi's dusty streets, one of thousands in the financial hub who are being fed by charities as economy picks up pace - but, some say, not fast enough for its poverty-stricken millions.

Published 24 Nov, 2016 12:00am

Power being evacuated from projects of South including Uch power plants: NTDC spokesperson

Power being evacuated from projects of South including Uch power plants: NTDC spokesperson

Apropos to the news item titled "NTDC- another white horse" published in Daily Business Recorder on 21 November 2016, the NTDC spokesperson has said that the article lacks the information which is based on the NEPRA Report, 2015 issued in last quar

Published 24 Nov, 2016 12:00am

Power plant interconnections NTDC to add 50 projects in three years: MD

Power plant interconnections NTDC to add 50 projects in three years: MD

Managing Director (MD) National Transmission and Dispatch Company (NTDC) Dr Fayyaz Ahmed Chaudhry said the NTDC has embarked on adding 50 projects of power plant interconnections in a short span of three years.

Published 24 Nov, 2016 12:00am

'Black Friday 2016': Yayvo, JazzCash announce discount deals

'Black Friday 2016': Yayvo, JazzCash announce discount deals

For the highly anticipated Black Friday Sale, Yayvo.com and JazzCash held an event to announce mega discount deals available for customers during Yayvo - JazzCash Black Friday 2016. Yayvo.com will be going live with its Black Friday deals from 6 pm on Tue

Published 24 Nov, 2016 12:00am

Government borrows Rs 290 billion through auction for MTBs

Government borrows Rs 290 billion through auction for MTBs

The federal government on Wednesday borrowed some Rs 290 billion through the auction for short-term papers to meet fiscal deficit. The borrowed amount is higher than the tentative target set by the government for this auction. "As for the last two months,

Published 24 Nov, 2016 12:00am

MPS on Saturday: key policy rate may be kept unchanged

MPS on Saturday: key policy rate may be kept unchanged

The State Bank of Pakistan (SBP) will announce the Monetary Policy on Saturday for next two months. Ashraf Mehmood Wathra, Governor State Bank of Pakistan, will chair the meeting of the Independent Monetary Policy Committee on November 26, 2016 at SBP hea

Published 24 Nov, 2016 12:00am

IRSTEP holds road safety stakeholder conference

IRSTEP holds road safety stakeholder conference

The Institute of Road Safety Traffic Environment Pakistan (IRSTEP), focused on preventing Road Traffic accidents, conducted a Road Safety Stakeholder Conference on the theme "Sustainable Public Transport - Time to Act" to mark the World Remembrance Day fo

Published 24 Nov, 2016 12:00am

BOP, FINCA sign MasterCard affiliate program

BOP, FINCA sign MasterCard affiliate program

FINCA Microfinance Bank and the Bank of Punjab signed an agreement on the MasterCard affiliate membership. The program enables the Bank of Punjab - a premier MasterCard partner - to extend its MasterCard license to FINCA MFB, thereby becoming the first su

Published 24 Nov, 2016 12:00am

PARTLY FACETIOUS: Poverty is Anglo Saxon specific

PARTLY FACETIOUS: Poverty is Anglo Saxon specific

"Sticks and stones may break my bones but words would never hurt me."

Published 24 Nov, 2016 12:00am

19-day Theatre Festival successfully concludes

19-day Theatre Festival successfully concludes

A 19-day long Theatre Festival has been successfully concluded at the Arts Council. While addressing the closing ceremony of Theatre Festival, Shaikh Rashid Alam, CEO National Hero Foundation and member Governing Body Arts Council has said that supported

Published 24 Nov, 2016 12:00am

South Asia emerging as one of fastest growing regions: President

South Asia emerging as one of fastest growing regions: President

President Mamnoon Hussain has said that the world was confronted by new challenges while old security threats were changing to adapt to new technologies. He was speaking at a seminar entitled "Stability and the Economics of Regional Peace in South Asia,"

Published 24 Nov, 2016 12:00am

UBL Bank Tanzania Ltd opens new branch in Kariakoo

UBL Bank Tanzania Ltd opens new branch in Kariakoo

Wajahat Husain, President & CEO UBL and Chairman of Board of Directors UBL Bank (Tanzania) Limited (UBTL) welcomed Dr. Ashatu K. Kijaji (MP) Deputy Minister of Finance & Planning who was the Chief Guest at the inauguration ceremony of the Kariakoo Branch

Published 24 Nov, 2016 12:00am

PBIF asks government to improve ranking on internet freedom index

PBIF asks government to improve ranking on internet freedom index

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has asked the government to improve its ranking on the international index of internet freedom. The internet is a key medium through people can express them and share ideas.

Published 24 Nov, 2016 12:00am

Bilawal felicitates new office-bearers of PPP

Bilawal felicitates new office-bearers of PPP

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari has extended felicitations to the newly-elected provincial office-bearers of Central Punjab, South Punjab, Sindh, Khyber-Pakhtunkhwa, Balochistan and Divisional organisation of Karachi appreciating th

Published 24 Nov, 2016 12:00am

KP Governor meets Karachi Mayor

KP Governor meets Karachi Mayor

Mayor Karachi Waseem Akhtar urged the Federal Government to announce a special package for the City's development schemes. The Mayor's demand came during Khyber Pakhtunkhwa (KPK) Governor Engr Iqbal Zaffar Jhagra's visit to his office at Old Karachi Metro

Published 24 Nov, 2016 12:00am

The Sindh Assembly session: PPP accuses Punjab of violating water deal

The Sindh Assembly session: PPP accuses Punjab of violating water deal

The ruling PPP on Wednesday alleged Punjab for violating the 1991 accord, saying that the upper riparian province was continuously containing Sindh's water share. "Sindh is continuously faced with an unjust water supply," Sindh Environment Minister, Dr. S

Published 24 Nov, 2016 12:00am

Substandard products in market: speakers criticise PSQCA's inaction

Substandard products in market: speakers criticise PSQCA's inaction

Speakers at a seminar regretted over Pakistan Standards and Quality Control Authority's (PSQCA) inaction to stop sale of substandard products in the country.

Published 24 Nov, 2016 12:00am

Big cache of arms recovered

Big cache of arms recovered

Paramilitary Rangers in a raid in Gadap Town on Wednesday recovered a large quantity of arms and munitions from a house. The weapons likely to be used by an active militant wing found hidden at secret places in the house, a spokesman of Rangers said. The

Published 24 Nov, 2016 12:00am

FTSE ends little changed, housebuilders skid

FTSE ends little changed, housebuilders skid

Britain's top share index ended flat on Wednesday after a choppy day, with individual sectors diverging as finance minister Philip Hammond delivered the biggest economic update since Britain voted in June to leave the European Union. The FTSE 100 index en

Published 24 Nov, 2016 12:00am

SE Asian markets: Philippines, Malaysia recoup early losses

SE Asian markets: Philippines, Malaysia recoup early losses

Southeast Asian stocks were skittish on Wednesday, but managed to end higher after the Philippines and Malaysia reversed early-session losses, tracking buoyant Asian peers that rose on strong overnight gains on Wall Street. Most markets were lacklustre as

Published 24 Nov, 2016 12:00am

Australian, New Zealand shares up

Australian, New Zealand shares up

Australian shares advanced for a second straight session on Wednesday, propelled by financials and materials stocks, and boosted by the central bank's positive view on normalising inflation. The S&P/ASX 200 index extended gains to end 1.35 percent, or 73.

Published 24 Nov, 2016 12:00am

European equities end steady, miners underpin market

European equities end steady, miners underpin market

European shares steadied on Wednesday, with basic resources companies underpinning the broader market following a rise in metals prices. The pan-European STOXX 600 index ended down 0.07 percent, after rising in the previous two sessions.

Published 24 Nov, 2016 12:00am

European equities end steady, miners underpin market

European equities end steady, miners underpin market

European shares steadied on Wednesday, with basic resources companies underpinning the broader market following a rise in metals prices. The pan-European STOXX 600 index ended down 0.07 percent, after rising in the previous two sessions.

Published 24 Nov, 2016 12:00am

China stocks largely unchanged

China stocks largely unchanged

China stocks barely moved on Wednesday, consolidating recent gains with lower-valuation targets in banking and properties sectors still preferred by investors. The blue chip CSI300 index rose 0.2 percent, to 3,474.73 points , while the Shanghai Composite

Published 24 Nov, 2016 12:00am

Indian shares rise

Currency

Indian shares rise

Indian shares rose for a second straight session on Wednesday, the first back-to-back gains since the government's shock move to withdraw high-value banknotes from circulation, as Larsen & Toubro Ltd rallied on upbeat quarterly results while drug makers g

Published 24 Nov, 2016 12:00am

Sri Lankan shares fall

Sri Lankan shares fall

Sri Lankan shares extended falls to an eighth session on Wednesday, posting their lowest close since April 7, as investor sentiment was hit by budget tax proposals, including revisions in corporate and withholding taxes. The government aims to boost its 2

Published 24 Nov, 2016 12:00am

Bonds steady after solid five-year note auction

Bonds steady after solid five-year note auction

Most US Treasuries were steady on Tuesday after the US Treasury Department saw solid demand for its $34 billion sale of five-year notes, the second sale of $88 billion in new supply this week. The government sold the five-year notes at a high yield of 1.7

Published 24 Nov, 2016 12:00am

Bonds steady after solid five-year note auction

Bonds steady after solid five-year note auction

Most US Treasuries were steady on Tuesday after the US Treasury Department saw solid demand for its $34 billion sale of five-year notes, the second sale of $88 billion in new supply this week. The government sold the five-year notes at a high yield of 1.7

Published 24 Nov, 2016 12:00am

Hong Kong shares steady

Hong Kong shares steady

Hong Kong shares held steady on Wednesday, taking their cue from Wall Street's record run and helped by Chinese money flowing into the city as the yuan weakened further. Gains were capped, however, by fears that a strengthening dollar and a possible US in

Published 24 Nov, 2016 12:00am

Japanese markets closed

Japanese markets closed

Japanese stocks, financial and commodity markets were closed on Wednesday for a public holiday. Markets resume normal traing on Thursday.

Published 24 Nov, 2016 12:00am

Moderate trade activity witnessed on cotton market

Cotton

Moderate trade activity witnessed on cotton market

A moderate trade activity was witnessed on the cotton market on Wednesday in the process of trading, dealers said. The official spot rate was unchanged at Rs 6150, dealers said. In Sindh, seed cotton prices were Rs 2400-3200, they said. In Punjab, phutti

Published 24 Nov, 2016 12:00am

December 2016 to February 15, 2017: Punjab government allows partridge hunting in 47 tehsils

December 2016 to February 15, 2017: Punjab government allows partridge hunting in 47 tehsils

Punjab government has allowed hunting of partridges in 47 tehsils of the province from December 2016 to February 15, 2017. Hunting will be allowed to those who have valid shooting license and can only play on Sundays. A notification has been issued in thi

Published 24 Nov, 2016 12:00am

Malaysia holds policy rate steady as ringgit hits 13-month low

Currency

Malaysia holds policy rate steady as ringgit hits 13-month low

Malaysia's central bank kept its policy rate at 3.00 percent on Wednesday as expected, saying it foresaw more volatility in financial markets, with the ringgit losing 5 percent against the dollar in the two weeks since Donald Trump's shock US election vic

Published 24 Nov, 2016 12:00am

Over 1 in 5 Brazilians are jobless or underemployed in recession

Over 1 in 5 Brazilians are jobless or underemployed in recession

More than one-fifth of Brazilian workers are either unemployed, working part time or have given up finding a job, statistics agency IBGE said on Tuesday, reflecting the severity of the country's deepest recession in eight decades.

Published 24 Nov, 2016 12:00am

Daimler removes China executive over 'racist rant'

Daimler removes China executive over 'racist rant'

German auto giant Daimler said Tuesday it removed a top executive of its China trucks and buses unit, after his allegedly racist remarks in a parking row became national news.

Published 24 Nov, 2016 12:00am

Nissan sells autoparts firm stake in shakeup

Nissan sells autoparts firm stake in shakeup

Nissan said Tuesday it is selling its stake in auto parts company Calsonic Kansei as the Japanese firm casts off non-core businesses to focus on electric vehicles and self-driving cars. The automaker is hiving off its 41 percent stake to US buyout firm KK

Published 24 Nov, 2016 12:00am

Age of vehicles on US roads rises to 11.6 years

Age of vehicles on US roads rises to 11.6 years

The average age of passenger vehicles on US roads increased in 2016 to 11.6 years from 11.5 years in 2015, industry consultant IHS Markit said on Tuesday. The number of vehicles in operation in the United States at the start of 2016 rose 2.4 percent from

Published 24 Nov, 2016 12:00am

Vietnam scraps huge nuclear power plant projects

Vietnam scraps huge nuclear power plant projects

Power-hungry Vietnam scrapped plans for two multi-billion dollar nuclear power plants on Tuesday, citing environmental and financial reasons after the cost of the projects skyrocketed. The two plants in central Ninh Thuan province would have had a combine

Published 24 Nov, 2016 12:00am

Sri Lanka edge West Indies despite Lewis ton

Sri Lanka edge West Indies despite Lewis ton

West Indian batsman Evin Lewis struck his maiden one-day international hundred but a series of run-outs helped Sri Lanka to secure a one-run victory at Queens Sports Club on Wednesday and advance to the triangular series final.

Published 24 Nov, 2016 12:00am

PHF holding clinics to groom talent

PHF holding clinics to groom talent

Pakistan Hockey Federation (PHF) is organising coaching, umpiring and technical officials' clinics, simultaneously for the potential local coaches, umpires & technical officials of Khyber Pukhtunkwa at Mardan Sport Complex, Mardan in conjunction with prov

Published 24 Nov, 2016 12:00am

Mardan Club, Blue Stars in Right to Play Soccer final

Mardan Club, Blue Stars in Right to Play Soccer final

Mardan Club and Blue Stars took berth into the final after registering victories against their respective rivals in the semi-finals of the ongoing 8th Right to Play District Mardan Inter-Club Football Tournament being played at Younis Stadium Mardan on We

Published 24 Nov, 2016 12:00am

Cartwright surprise choice in Australia's ODI squad

Cartwright surprise choice in Australia's ODI squad

Australia on Wednesday named Zimbabwe-born Hilton Cartwright for the first time in a one-day squad for the three-match series against New Zealand next month. The Western Australia all-rounder was the only uncapped member of a 14-man squad for the Chappell

Published 24 Nov, 2016 12:00am

Russia squad fear home World Cup humiliation

Russia squad fear home World Cup humiliation

Soul-searching following Russia's miserable performance at the 2016 Euro led to one inescapable conclusion: the squad has a long way to go to avoid humiliation on home turf at the 2018 World Cup. Russia crashed out of Euro 2016 without a win, its short ru

Published 24 Nov, 2016 12:00am

India women to forfeit Pakistan matches: ICC

India women to forfeit Pakistan matches: ICC

India have been docked six women's championship match points after failing to play against Pakistan amid simmering tension between the South Asian rivals, the world cricket body said Wednesday.

Published 24 Nov, 2016 12:00am

Wales, Northern Ireland charged over poppy tributes

Wales, Northern Ireland charged over poppy tributes

FIFA has opened disciplinary proceedings against Wales and Northern Ireland over the display of commemorative poppy symbols in their recent matches, the world governing body announced on Wednesday. Both countries' football associations opted against allow

Published 24 Nov, 2016 12:00am

Chief of Naval Staff Amateur Golf tomorrow

Chief of Naval Staff Amateur Golf tomorrow

A three-day Chief of Naval Staff Amateur Golf Championship will start here at Royal Palm Golf Course from November 25, Commodore S. M. Shahzad, Station Commander, Pakistan Navy, said.

Published 24 Nov, 2016 12:00am

I'm no cheat, says du Plessis after tampering row

I'm no cheat, says du Plessis after tampering row

South Africa captain Faf du Plessis insisted Wednesday he wasn't a cheat and warned cricket authorities had opened a "can of worms" after he was found guilty of ball-tampering in controversial circumstances.

Published 24 Nov, 2016 12:00am

Leicester march into last 16 with Real, Spurs crash out

Leicester march into last 16 with Real, Spurs crash out

Leicester kept their Champions League dreams aflame Tuesday, cruising into the last 16 with a 2-1 win over Belgium's Club Brugge, where they were joined by Real Madrid - but not a crestfallen Tottenham.

Published 24 Nov, 2016 12:00am

Bangladesh to import 200,000 tonnes of Russian wheat

Bangladesh to import 200,000 tonnes of Russian wheat

Bangladesh will import 200,000 tonnes of wheat from Russia in a government-to-government deal, the head of the state grains buyer said on Tuesday, as South Asia's top wheat buyer builds its reserves. Earlier this year, Bangladesh rejected three cargoes of

Published 24 Nov, 2016 12:00am

Rotterdam vegetable oil prices

Rotterdam vegetable oil prices

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

Published 24 Nov, 2016 12:00am

Gold steadies in Asia

Gold steadies in Asia

Gold stuck to a narrow range in Asian trade on Wednesday ahead of release of minutes from the Federal Reserve policy meeting earlier this month amid expectations of an interest rate hike in December. Bullish homes sales data has added to signs of an impro

Published 24 Nov, 2016 12:00am

Gold down in New York

Gold down in New York

Gold edged lower on Tuesday after US equities hit all-time highs on market expectations for higher growth and more spending from a Donald Trump presidency. Trump's victory in the November 8 US election initially saw a flight to safe-haven assets such as g

Published 24 Nov, 2016 12:00am

Coffee, sugar at multiweek lows as Brazil currency falls

Currency

Coffee, sugar at multiweek lows as Brazil currency falls

Arabica coffee futures on ICE fell to a six-week trough on Wednesday and raw sugar slid to the lowest since early September as the currency in top grower Brazil fell against the US dollar and funds further scaled back long positions. Cocoa prices were lit

Published 24 Nov, 2016 12:00am

Palm oil rises for 3rd session, aided by weaker ringgit

Currency

Palm oil rises for 3rd session, aided by weaker ringgit

Malaysian palm oil futures closed nearly 1 percent higher on Wednesday, posting their third straight session of gains, on the back of a weaker ringgit. The Malaysian currency fell as much as 0.6 percent to 4.443 against the dollar, its lowest in more than

Published 24 Nov, 2016 12:00am

Suedzucker sees acquisitions in Brazil

Suedzucker sees acquisitions in Brazil

Europe's biggest sugar maker, Germany's Suedzucker, is considering acquisitions in Brazil, its chief executive told Reuters. Wolfgang Heer said Suedzucker had the financial power and know-how to make large acquisitions if required, which could be outside

Published 24 Nov, 2016 12:00am

Oil prices edge higher despite doubts on Opec-led cuts

Oil prices edge higher despite doubts on Opec-led cuts

Oil prices turned positive on Wednesday despite investor doubts that Opec will agree to a production cut large enough to make a significant dent in the global glut of crude.

Published 24 Nov, 2016 12:00am

Previous Day

Forex
World
Commodity

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

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

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

Gainers
Losers
Leaders

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

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

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

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Gold price per tola jumps Rs8,600 to another all-time high in Pakistan

Gold price per tola jumps Rs8,600 to another all-time high in Pakistan

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SRO 592(1)/2025 attracts criticism from steel sector

SRO 592(1)/2025 attracts criticism from steel sector

Pakistan posts record $1.2bn current account surplus in March 2025

Pakistan posts record $1.2bn current account surplus in March 2025

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

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

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

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

Rightsizing: govt decides to axe 30,968 posts

Rightsizing: govt decides to axe 30,968 posts

KSE-100 Index closes 881 points higher amid buying momentum

KSE-100 Index closes 881 points higher amid buying momentum

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