News Archives for Print - 2016-11-24

Print - 2016-11-24

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

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

Rotterdam vegetable oil prices

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

Published 24 Nov, 2016 12:00am

Rotterdam vegetable oil prices

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

Published 24 Nov, 2016 12:00am

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

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

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

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 slides in Europe

Gold slid to a nine-month low on Wednesday as a buoyant dollar extended its rally on the back of strong US data that further cemented a case for increasing interest rates next month. Spot gold dropped 1.9 percent to $1,188.59 an ounce by 1500 GMT, its wea

Published 24 Nov, 2016 12:00am

Russia's VTB aims to double its gold trade in three years

VTB Capital, the investment banking arm of Russia's second-biggest bank, plans to double its gold-trading volumes over the next three years from around 110-150 tonnes a year currently, Atanas Djumaliev, head of global commodities at the firm, told Reuters

Published 24 Nov, 2016 12:00am

Soyaoil jumps; grains sag

Chicago Board of Trade soyaoil futures surged more than 6 percent on Wednesday after the US government released final requirements for biofuel use for next year, analysts said. Soyabeans firmed on the jump in soyaoil, but trade was choppy. CBOT corn and w

Published 24 Nov, 2016 12:00am

US MIDDAY: gold tumbles

Gold fell more than 2 percent to a 9-1/2-month low on Wednesday as a buoyant dollar extended its rally to the highest since 2003 on the back of upbeat US economic data that further cemented a case for increasing interest rates next month.

Published 24 Nov, 2016 12:00am

Cotton

Daily trading report of PMEX

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,028. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 4.20 billion and the number of lots traded was 13,589. Major business was contributed by cur

Published 24 Nov, 2016 12:00am

CBOT wheat futures higher on technical buying

Wheat futures on the Chicago Board of Trade closed modestly higher on Monday on technical buying and a setback in the US dollar from the 13-year highs set last week, traders said. CBOT December wheat settled up 2-1/4 cents at $4.10-1/4 per bushel.

Published 24 Nov, 2016 12:00am

Currency

EU wheat prices mixed lack of quality supply

European wheat prices were mixed on Monday, torn between a thin euro rebound against the dollar and a lack of quality wheat supplies. Euro weakness had supported prices in previous sessions.

Published 24 Nov, 2016 12:00am

US natural gas futures rise in November on cold forecasts

US natural gas futures on Monday settled at their highest level in November on forecasts for colder, near-normal temperatures that are expected to last through the first week of December.

Published 24 Nov, 2016 12:00am

Activities at Karachi and Qasim ports

The Karachi Port handled 204,874 tonnes of cargo comprising 166,666 tonnes of import cargo and 38,208 tonnes of export cargo including 6,375 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.

Published 24 Nov, 2016 12:00am

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

PM Skill Development Programme: FCCI VP gives scholarship cheques to 42 students

Vice President of Faisalabad Chamber of commerce and Industry (FCCI), Engineer Ahmed Hasan while distributing cheques of monthly scholarship under Prime Minister Skill Development Programme among 42 students of Laboratory Technical College, University of

Published 24 Nov, 2016 12:00am

Call to build more storage projects like Diamer Bhasha Dam

Advisor Mega Dam Water and Power Development Authority Engineer Abdul Khailiq Khan said on Wednesday that Pakistan's water storage capability should be increased from 30 days to 90 days by building more storage projects like Diamer Bhasha Dam on top prior

Published 24 Nov, 2016 12:00am

'Fruit fly a threat to export of fruits, vegetables'

The fruit fly is not only deteriorating our fruits production but also putting a dent in the export worth billions of the rupees. If we could not overcome the issue, we will be isolated from the world in term of fruits exports, said University of Agricult

Published 24 Nov, 2016 12:00am

PA session today

After being prorogued Punjab Assembly will commence its session here Thursday. Speaker Rana Muhammad Iqbal will chair the session. Notification in this regard has already been issued by the assembly secretariat.

Published 24 Nov, 2016 12:00am

UAF, Turkey varsity to collaborate in academia & research

Kastamonu University Turkey and the University of Agriculture Faisalabad will collaborate in academia and research. This was discussed at the concluding session of international conference on forestry and environment.

Published 24 Nov, 2016 12:00am

Sheikh Rashid visits Badr's residence

Awami Muslim League Chief Sheikh Rashid Ahmed on Wednesday visited the family of PPP leader Jahangir Badr to condole his death. Sheikh Rashid remained there for some time and offered Fateha for the eternal peace of late Jehangir Badr. Talking with sons of

Published 24 Nov, 2016 12:00am

LHC issues contempt notice to HEC chairman

The Lahore High Court chief justice on Wednesday issued notice to the chairman Higher Education Commission (HEC) in a contempt petition for failing to comply with the court's order. The CJ had directed the chairman HEC to decide a complaint within one mon

Published 24 Nov, 2016 12:00am

KSA hailed for granting two-year multiple visa to businessmen

The business community of Southern Punjab has hailed the decision of Saudi Arabian government to grant a two-year multiple visa to Pakistani businessmen as recommended by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI).

Published 24 Nov, 2016 12:00am

Education vital for nation building: PU VC

Punjab University's Vice Chancellor Professor Dr Mujahid Kamran has said that education plays important role in nation building however our rulers since the inception of Pakistan did not pay the tune of attention to the education sector which it deserved.

Published 24 Nov, 2016 12:00am

Bullet-riddled bodies of couple found

Bullet riddled bodies of two including a woman were recovered here on Wednesday. Police said that after being spotted by an informant it took into custody bodies of two including a woman from 'Dera' near Lower Jhelum Canal in Sargodha district.

Published 24 Nov, 2016 12:00am

UHS students distributed laptops under PM's scheme

Advisor to Chief Minister Punjab on Health Khawaja Salman Rafique has reposed complete confidence in the talent and potential of educated youth and said they would make the country strong, invincible and self-reliant for a progressive and welfare state fu

Published 24 Nov, 2016 12:00am

Russian envoy invites Pak businessmen to explore huge untapped market

Ambassador of Russia to Pakistan Alexey Yurievich Dedov has said that Russia has invited Pakistani businessmen to explore huge untapped Russian market and strengthen bilateral trade between two countries. Addressing the executive committee of MCCI here on

Published 24 Nov, 2016 12:00am

'Most wanted' terror suspect held

The Counter-Terrorism Department (CTD) Khyber Pakhtunkhwa claimed to have arrested a suspected militant with a Rs 0.5 million bounty on his head in Peshawar's Hayatabad area on Wednesday. The "most wanted" suspect was allegedly involved in a 2009 deadly c

Published 24 Nov, 2016 12:00am

Pakistan warns against use of water for coercion

A top Pakistani diplomat has called on the world community to ensure that international agreements on waterways, such as the 1960 World Bank-brokered Indus Waters Treaty between India and Pakistan, was not undermined through "unilateral or coercive measur

Published 24 Nov, 2016 12:00am

Currency

Government incentives boost Islamic banks

Pakistan's Islamic banks are introducing new products and adjusting policies to take advantage of government incentives designed to boost growth in the industry. Shariah-compliant banks in the country, the world's second most populous Muslim nation, held

Published 24 Nov, 2016 12:00am

Cotton

Setting up of new sugar mills: land area of cotton cultivation cut by 22 percent in 10 years

The increase in number of sugar mills with enhancement in crushing capacity of existing mills in major cotton growing areas has resulted into 22 per cent reduction in cotton areas of the country over the last 10 years.

Published 24 Nov, 2016 12:00am

Cotton

Setting up of new sugar mills: land area of cotton cultivation cut by 22 percent in 10 years

Published 24 Nov, 2016 12:00am

Trader deprived of Rs two million

Armed robbers deprived a furniture dealer of more than two million rupees here on Wednesday. The traders' community held a protest against the incident and demanded to bring the culprits to book. According to details, armed robbers took a furniture dealer

Published 24 Nov, 2016 12:00am

AJK President condemns Indian firing on bus

President Azad Jammu and Kashmir Sardar Masood Khan has condemned the Indian firing on the Line of Control (LOC) targeting a civilian vehicle in Neelum valley near Dhudnial causing in the deaths of civilians and critical injuries to seven. The President d

Published 24 Nov, 2016 12:00am

PAJCCI concerned at heavy levies imposed by Afghan government

Senior Vice President (SVP), Pakistan Afghanistan Joint Chamber of Commerce and Industry (PAJCCI), Zia-ul-Haq Sarhadi has expressed concern over the levy of heavy tax on the export bound goods carrying trucks by the government of Afghanistan.

Published 24 Nov, 2016 12:00am

Eradication of corruption crucial for strong economy: NAB chief

Chairman National Accountability Bureau (NAB) Qamar Zaman Chaudhry on Wednesday said that suppression of corruption was critical to make country's economy strong. He said corruption was mother of all evils, it had a very negative effect on people, society

Published 24 Nov, 2016 12:00am

Tajikistan to enhance railway cooperation

Pakistan and Tajikistan on Wednesday decided to enhance railway cooperation. This understanding reached during a meeting of Sherali S Jononov, Ambassador of Tajikistan and Khawaja Saad Rafique, Minister of Railways. They exchanged views on matters of mutu

Published 24 Nov, 2016 12:00am

Waheed Murad remembered

The death anniversary of popular Pakistani film actor Waheed Murad was observed on Wednesday across the country and abroad as his fans and fun lovers remembered their hero whose work continues to be a favourite for them. Waheed Murad was a Pakistani film

Published 24 Nov, 2016 12:00am

Deceptive marketing practices: CCP issues show-cause notice to 18 electric cable firms

The Competition Commission of Pakistan (CCP) has issued show cause notices to 18 electric cable manufacturers for keeping consumers in the dark about cash/cash coupons in the electric wire cable bundles, thus resorting to deceptive marketing practices.

Published 24 Nov, 2016 12:00am

9,000 'illegals' to leave Qatar during worker amnesty

Around 9,000 people living illegally in Qatar are expected to leave the country under an ongoing three-month amnesty for undocumented residents, a senior immigration official has told AFP. The amnesty runs until December 1 and allows those without the cor

Published 24 Nov, 2016 12:00am

Airbus planning at least 1,000 job cuts: unions

Aircraft maker Airbus is planning to cut 1,000 jobs or more in France and Germany as part of an ongoing restructuring programme, unions at its French headquarters said Wednesday. The payroll reduction could result in outright firings, they said, which wou

Published 24 Nov, 2016 12:00am

Business growth in eurozone rises to highest rate this year

Eurozone business activity expanded the most in nearly a year in November on strong manufacturing and buoyant services growth in Germany, stirring some optimism that economic momentum is picking up again.

Published 24 Nov, 2016 12:00am

EU Commission proposes tweaks to global bank capital rules

The European Commission proposed new capital rules for banks on Wednesday in line with those agreed by global regulators but with several tweaks, in a sign of a growing fragmentation of financial rulebooks around the world.

Published 24 Nov, 2016 12:00am

China sets patent filing record: UN

China has become the first country to file more than a million patent applications in a year, leading a global innovation surge that has defied sluggish economic growth, the UN said Wednesday. "The figures for China are quite extraordinary," said Francis

Published 24 Nov, 2016 12:00am

Brazil inflation hits lowest for mid-November since 2007

Consumer prices in Brazil rose in the month to mid-November at their slowest pace for the period since 2007, as food and apparel prices edged lower, government data showed on Wednesday. The IPCA-15 consumer price index rose 0.26 percent in the month to mi

Published 24 Nov, 2016 12:00am

Mexico economy posts fastest quarterly growth in two years

Mexico's economy posted its fastest growth in more than two years on Wednesday, and the government stuck to its outlook, insisting there was no tangible threat yet from US President-elect Donald Trump, who has threatened to tear up a free trade deal.

Published 24 Nov, 2016 12:00am

US factory, consumer sentiment data brighten economic outlook

New orders for US manufactured capital goods rebounded in October, driven by rising demand for machinery and a range of other equipment, the latest indication of an acceleration in economic growth early in the fourth quarter.

Published 24 Nov, 2016 12:00am

Telenor risks 100 million euro anti-competition fine

Norway's telecoms operator Telenor risks a 100 million euro fine for abuse of a dominant market position, the country's competition authority warned on Wednesday. Telenor, which is 54 percent owned by the Norwegian state, is accused of impeding the entry

Published 24 Nov, 2016 12:00am

EU to tighten ethics code after Barroso row

European Commission chief Jean-Claude Juncker unveiled plans Wednesday to tighten the code of conduct for former officials after a row over his predecessor Jose Manuel Barroso's role with Goldman Sachs.

Published 24 Nov, 2016 12:00am

Brexit slams brakes on British growth

Brexit will cause Britain's economic growth to slow sharply and blow a hole in government finances that will require it to borrow an extra £122 billion over five years, a gloomy budget update revealed Wednesday. The budget black hole, worth $152 billion o

Published 24 Nov, 2016 12:00am

Currency

Saudi index lifts mood in regional markets

Saudi Arabia's index firmed on Wednesday as blue chips resumed their climb and the positive mood flowed into other Gulf bourses, carrying them higher. Egypt's market edged up, holding near an 8-year peak as foreign funds remained aggressive buyers.

Published 24 Nov, 2016 12:00am

Wednesday's early trade: Industrials lift Dow to record, techs drag S&P and Nasdaq

The Dow hit an all-time high for the third straight day on Wednesday, helped by a surge in industrial stocks, but a drop in technology heavyweights kept the S&P 500 and the Nasdaq firmly in negative territory. The S&P 500 industrial sector rose 0.52 perce

Published 24 Nov, 2016 12:00am

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

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

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

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

Published 24 Nov, 2016 12:00am

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

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

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

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

Published 24 Nov, 2016 12:00am

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 12	278
USD PKR Interbank Buying / Nov 12	277.75
USD to Japanese Yen / Nov 12	153.83
USD to Swiss Franc / Nov 12	0.88
Pound Sterling to USD / Nov 12	1.28
Euro to USD / Nov 12	1.06

Stock	Volume
S&P 500 / Nov 11	6,001.35
Nasdaq / Nov 11	19,298.77
Dow Jones / Nov 11	44,293.13
India Sensex / Nov 12	78,930.71
Tokyo Nikkei / Nov 12	39,376.09
Hang Seng / Nov 12	19,825.28
FTSE 100 / Nov 12	8,078.78
Germany DAX 30 / Nov 12	19,259.41

Item	Value
Crude Oil USD/Barrel / Nov 12	68.03
Karachi Cotton PKR/37.32 KG / Nov 12	18,085
Gold 10 Grams PKR / Nov 12	231,911
Gold Spot USD/Ounce / Nov 12	2,600.75
Cotton US¢/pound / Nov 12	72.18
Petrol/Litre / Nov 13	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 13 786 Investments Limited(786)	6.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 13 Al-Abbas Sugar Mills Limited(AABS)	600 ▼ 0.00 (0.00%)
Agro Allianz / Nov 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 13 Ali Asghar Textile Mills Limited(AATM)	66.54 ▼ 0.00 (0.00%)
Allied Bank / Nov 13 Allied Bank Limited(ABL)	116.05 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 13 Abbott Laboratories (Pakistan) Limited(ABOT)	984.72 ▼ 0.00 (0.00%)
Abson Ind. / Nov 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 13 Alfalah Consumer Index ETF.(ACIETF)	12.03 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 13 786 Investments Limited(786)	6.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 13 Al-Abbas Sugar Mills Limited(AABS)	600 ▲ 0.00 (0.00%)
Agro Allianz / Nov 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 13 Ali Asghar Textile Mills Limited(AATM)	66.54 ▲ 0.00 (0.00%)
Allied Bank / Nov 13 Allied Bank Limited(ABL)	116.05 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 13 Abbott Laboratories (Pakistan) Limited(ABOT)	984.72 ▲ 0.00 (0.00%)
Abson Ind. / Nov 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 13 Alfalah Consumer Index ETF.(ACIETF)	12.03 ▲ 0.00 (0.00%)

Stock	Volume
Cnergyico PK / Nov 13 Cnergyico PK Limited(CNERGY)	98,601,408 ▲ 0.00
Pak Elektron / Nov 13 Pak Elektron Limited(PAEL)	78,094,188 ▲ 0.00
K-Electric Ltd. / Nov 13 K-Electric Limited(KEL)	70,187,495 ▲ 0.00
WorldCall Telecom / Nov 13 Worldcall Telecom Limited(WTL)	31,959,599 ▲ 0.00
B.O.Punjab / Nov 13 The Bank of Punjab(BOP)	30,732,112 ▲ 0.00
The Searle Co. / Nov 13 The Searle Company Limited(SEARL)	25,361,739 ▲ 0.00
Citi Pharma Ltd / Nov 13 Citi Pharma Ltd.(CPHL)	22,856,315 ▲ 0.00
Sui South Gas / Nov 13 Sui Southern Gas Company Limited(SSGC)	22,691,678 ▲ 0.00
Pak Refinery / Nov 13 Pakistan Refinery Limited(PRL)	16,427,996 ▲ 0.00

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