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Oct 09, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-01-28
APL's PAT increased

APL's PAT increased

The profit after tax of Attock Petroleum Limited has increased to Rs 1,593.679 million in the quarter ended December 31, 2016 as compared to Rs 949.273 million in the corresponding quarter in 2015. The company's earning per share surged to Rs 19.21 in the
Published 28 Jan, 2017 12:00am
KE denies charges of excessive collection

KE denies charges of excessive collection

K-Electric has out rightly rejected recent media news with reference to any claims of excessive collection and labelled the same as wrong interpretation of the tariff mechanism. The utility has further stated that the consumers have been charged as per ap
Published 28 Jan, 2017 12:00am
UN launches mobile messaging system for Afghan refugees

UN launches mobile messaging system for Afghan refugees

The United Nations launched a mobile messaging service for young Afghan refugees in Pakistan, enabling them to make visible their needs and issues in the areas of health, education and protection, water sanitation, social welfare and others, the world bod
Published 28 Jan, 2017 12:00am
LPG distributors asked to present copies of registration documents

LPG distributors asked to present copies of registration documents

Oil and Gas Regulatory Authority (OGRA) has asked LPG Distributors Association Pakistan to provide copies of association's registration documents to the concerned agencies with immediate effect. In a notice issued to Chairman LPG Distributors Association
Published 28 Jan, 2017 12:00am
Pakistan, Afghanistan urged to remove hurdles in ATT

Pakistan, Afghanistan urged to remove hurdles in ATT

Senior Vice President Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI), and chairman SCCI Standing Committee on Railway and Dry Port, Zia-ul-Haq Sarhadi has asked the governments of Pakistan and Afghanistan for immediate removal of hurdles in Af
Published 28 Jan, 2017 12:00am
Police say Qandeel Baloch's parents bribed to change testimony

Police say Qandeel Baloch's parents bribed to change testimony

Police said they filed a criminal case against the parents of slain social media celebrity Qandeel Baloch, alleging they were bribed to change their testimony to protect one of two sons facing trial in her suspected 'honour killing'. Baloch's parents, Muh
Published 28 Jan, 2017 12:00am
German envoy hails Army's anti-terrorism campaign

German envoy hails Army's anti-terrorism campaign

German Ambassador to Pakistan Ina Lepel on Friday acknowledged Pakistan Army's achievements in fight against terrorism. According to Inter-Services Public Relations (ISPR), the ambassador called on Chief of Army Staff (CoAS) General Qamar Javed Bajwa at G
Published 28 Jan, 2017 12:00am
Oil and gas exploration Notices served to 17 inactive licence holders

Oil and gas exploration Notices served to 17 inactive licence holders

The Ministry of Petroleum and Natural Resources (MoP&NR) has initiated its drive against non-performing oil and gas exploration and production (E&P) companies and issued notices to 17 inactive licence-holders for their failure to start exploration work as
Published 28 Jan, 2017 12:00am
High-level British delegation visits SECP

High-level British delegation visits SECP

A high level British delegation, headed by Dr Andrew Parmley, the Lord Mayor of City of London, visited the SECP on Friday. He was accompanied by HE Richard Crowder, Deputy High Commissioner, Islamabad, and HE Belinda Lewis, Deputy High Commissioner, Kara
Published 28 Jan, 2017 12:00am
PM for focus on mathematics, sciences to ensure progress

PM for focus on mathematics, sciences to ensure progress

Prime Minister Nawaz Sharif on Friday urged the nation to focus on mathematics and sciences to ensure progress in all spheres and attain a coveted place in the comity of nations. He was addressing an event on the launch of the first volume by the Pakistan
Published 28 Jan, 2017 12:00am
3rd Pakistan Mega Leather Show begins in Lahore

3rd Pakistan Mega Leather Show begins in Lahore

Pakistani exporters have great potential and capability to compete in the international markets. Chief Executive Trade Development Authority of Pakistan (TDAP) S.M. Muneer expressed this while addressing the opening ceremony of 3rd Pakistan Mega Leather S
Published 28 Jan, 2017 12:00am
MoU signed to declare UMT as 'Drug Free Campus'

MoU signed to declare UMT as 'Drug Free Campus'

The University of Management & Technology (UMT) and Drug Advisory Training Hub a project of Youth Council for Anti Narcotics (YOCFAN) signed a MoU to declare UMT as "Drug Free Campus" with a complete ban on smoking and legal or illegal drugs in university
Published 28 Jan, 2017 12:00am
'CPEC projects offer prosperity for South Punjab'
Cotton

'CPEC projects offer prosperity for South Punjab'

Local industrialists, office bearers of Multan Chamber of Commerce and Industry (MCCI), APBUMA, PCGA, All Pakistan Oil Mills Association said that completion of mega projects under China-Pakistan Economic Corridor (CPEC) would open new vistas of rapid pro
Published 28 Jan, 2017 12:00am
WWF, Agriculture department sign MoU for better cotton production
Cotton

WWF, Agriculture department sign MoU for better cotton production

The Punjab Agriculture Department, Extension wing signed a Memorandum of Understanding (MoU) with the World Wide Fund for Nature-Pakistan's (WWF-Pakistan) on 'Better Cotton Initiative' (BCI) here on Friday to undertake agriculture specific activities focu
Published 28 Jan, 2017 12:00am
Scholarship cheques given to 46 minority students

Scholarship cheques given to 46 minority students

The scholarship cheques amounting to Rs 1.22 million have been distributed among the 46 talented students of minority community of Faisalabad division. The cheques were distributed by Punjab Minister for Minorities Affairs & Human Rights Khalil Tahir Sind
Published 28 Jan, 2017 12:00am
ITU inks MoU with DFSRG for first FinTech centre in Pakistan

ITU inks MoU with DFSRG for first FinTech centre in Pakistan

Dr Umar Saif, Vice Chancellor Information Technology University (ITU) along with Dr Richard Anderson, Head DFSRG & Professor, Department of Computer Science and Engineering, University of Washington (Seattle USA) signed a Memorandum of Understanding (MOU)
Published 28 Jan, 2017 12:00am
LHC cancels bail of PML-N office bearer

LHC cancels bail of PML-N office bearer

The Lahore High Court here on Friday cancelled the bail of PML-N Youth Wing office bearer Adnan Sanaullah and directed the trial court to initiate proceedings to declare the suspect a court's absconder. The prosecution department had approached the court
Published 28 Jan, 2017 12:00am
PPDWP approves development schemes worth Rs 7,338 million

PPDWP approves development schemes worth Rs 7,338 million

The Punjab Provincial Development Working Party (PPDWP) accorded approval of six development schemes of various sectors with an estimated cost of Rs 7338.019 million. These schemes were approved in the 48th meeting of the PPDWP of current fiscal year 2016
Published 28 Jan, 2017 12:00am
Security tightened in Lahore

Security tightened in Lahore

After receiving terror threats, the city police put up several 'pickets' besides increasing patrolling in the provincial metropolis in order to avoid any untoward incident here on Friday.According to well-informed sources, the police department had receiv
Published 28 Jan, 2017 12:00am
Meeting held to review PHF various issues

Meeting held to review PHF various issues

Secretary Specialised Healthcare and Medical Education Najam Ahmad Shah chaired a meeting of Financial and Technical Committee (F&TC) of Punjab Health Foundation in Civil Secretariat on Friday. PHF Managing Director Dr Suhail Saqlain briefed the participa
Published 28 Jan, 2017 12:00am
PWDP approves 37 uplift schemes in Khyber Pakhtunkhwa

PWDP approves 37 uplift schemes in Khyber Pakhtunkhwa

The Provincial Development Working Party (PDWP) held its meeting under the Chairmanship of Muhammad Azam Khan, the Additional Chief Secretary Khyber Pakhtunkhwa on Friday, and approved 37 development projects. The meeting was attended by Shahab Ali Shah,
Published 28 Jan, 2017 12:00am
UNHCR formally hands over four projects to Sindh government

UNHCR formally hands over four projects to Sindh government

The UN Refugee Agency (UNHCR) on Friday formally handed over four projects worth $ 1.8 million to Sindh Government (SG) as part of efforts to bridge gaps between Pakistani and Afghan refugee communities across the country. In 2016 in Karachi, under the re
Published 28 Jan, 2017 12:00am
Missing girl's body found in Dera Ismail Khan

Missing girl's body found in Dera Ismail Khan

Body of a missing girl was recovered from agricultural fields here on Friday. The police arrested a suspected murderer. According to police five-year-old Mahnoor went missing near her residence on Thursday and her body was found from agricultural fields i
Published 28 Jan, 2017 12:00am
Rotary Club donates equipments to Ibn-e-Sina Centre

Rotary Club donates equipments to Ibn-e-Sina Centre

Rotary Club of Islamabad (Metropolitan) has donated physiotherapy and rehabilitation aids worth Rs 105,000 to the Ibn-e-Sena Physiotherapy Centre, earlier this month. This donation was made as part of Rotary's District 3272 matching grant project. Items d
Published 28 Jan, 2017 12:00am
Sacrifices of army, people will always be remembered: Jhagra

Sacrifices of army, people will always be remembered: Jhagra

Governor Khyber Pakhtunkhwa Iqbal Zafar Jhagra has said that the immortal sacrifices offered by Pak Army, security forces and the people at large the country will always be remembered with great respect and regards. He was addressing the 10th Martyrdom An
Published 28 Jan, 2017 12:00am
LHC disposes of petition of PPAB

LHC disposes of petition of PPAB

The Lahore High Court Chief Justice here Friday disposed of a petition of Pakistan Punjabi Adabi Board against banning the use of Punjabi language on its Sahiwal campus by a famous private school. The headmaster of the school campus concerned appeared bef
Published 28 Jan, 2017 12:00am
Psychiatrists warn govt over execution of schizophrenic

Psychiatrists warn govt over execution of schizophrenic

An international group of psychiatrists called on Pakistan Friday not to execute a prisoner suffering from schizophrenia, days before his temporary stay of execution is set to expire. Lawyers and rights groups say convicted murderer Khizar Hayat, 55, cann
Published 28 Jan, 2017 12:00am
LHC disposes of two petitions of NGOs

LHC disposes of two petitions of NGOs

The Chief Justice of Lahore High Court disposed of petitions of 2 Non-Governmental Organisations (NGO) here on Friday, challenging ban on their functioning after the government said the impugned orders had been withdrawn.The law officers of federal and pr
Published 28 Jan, 2017 12:00am
Tribal leaders for implementation of proposed reforms agenda in Fata

Tribal leaders for implementation of proposed reforms agenda in Fata

Tribal leaders of various political parties have demanded of the government to implement the proposed recommendations of Fata reforms committee with its true letter and spirit, and to merger tribal region with Khyber Pakhtunkhwa without any further delay.
Published 28 Jan, 2017 12:00am
Turkish body to impart training to young entrepreneurs

Turkish body to impart training to young entrepreneurs

The Punjab government in collaboration with Turk organisation (KOSGEB) will impart training to young entrepreneurs, while business centers will be set up, credit support programme will be introduced and management unit will be established for implementati
Published 28 Jan, 2017 12:00am
Desk at LDA office for overseas Pakistanis

Desk at LDA office for overseas Pakistanis

A facilitation desk has been set up for Overseas Pakistanis (OPs) at the LDA office in Johar Town to resolve expatriates issues and problems on priority. This was stated by the Vice Chairperson Overseas Pakistanis Commission (OPC) Shaheen Khalid Butt. She
Published 28 Jan, 2017 12:00am
Consumers fear NEPRA's decision in favour of KE

Consumers fear NEPRA's decision in favour of KE

Stakeholders apprehend one-sided decision in favour of K-Electric regarding the hike in the electricity tariff for Karachi. The fear was due to a hearing of National Electric Power Regulatory Authority (NEPRA) on the tariff hike in Islamabad instead of Ka
Published 28 Jan, 2017 12:00am
Aziz reiterates commitment to hosting SAARC Summit at the earliest

Aziz reiterates commitment to hosting SAARC Summit at the earliest

Adviser to Prime Minister on Foreign Affairs Sartaj Aziz on Friday reiterated Pakistan's commitment to hosting 19th SAARC Summit at the earliest, following its postponement last year due to refusal of India and other like-minded countries to attend it in
Published 28 Jan, 2017 12:00am
GSP+ status boosts exports to Europe, Dastgir says

GSP+ status boosts exports to Europe, Dastgir says

Commerce Minister Khurram Dastgir Khan Friday said the GSP+ status had boosted Pakistan's exports to the Europe by 37% during the last three years. According to press statement received here, "The GSP+ status offers huge potential for enhancing mutual tra
Published 28 Jan, 2017 12:00am
Five suspects arrested in Karachi

Five suspects arrested in Karachi

Police has arrested at least five suspects from various areas of Karachi on Friday. Ittehad Town police carried out raids in surroundings of Baldia Town and detained three drug dealers Toha Khan, Meezan Saeed Tariq and Wajid Khan. More than 2kg charas was
Published 28 Jan, 2017 12:00am
PTI submits privilege motion against PML-N lawmakers

PTI submits privilege motion against PML-N lawmakers

Pakistan Tehreek-e-Insaf on Friday submitted a privilege motion against lawmakers of the ruling Pakistan Muslim League-Nawaz (PML-N), including Shahid Khaqan Abbasi, Mian Abdul Manan and Captain Mohammad Safdar (retd) and others, over Thursday's scuffle i
Published 28 Jan, 2017 12:00am
MQM London restarts wall chalking

MQM London restarts wall chalking

Muttahida Qaumi Movement (MQM) London on Friday restarted wall chalking in Karachi as day of Pak Sarzameen Party's rally approaches near. According to sources, MQM London workers will unite on Wednesday to prepare strategy for their control in the metropo
Published 28 Jan, 2017 12:00am
Ahsan for making PIA a world class airline

Ahsan for making PIA a world class airline

Federal Minister for Planning, Development and Reform Ahsan Iqbal said that revenue maximisation, cost rationalisation and growth driven based on improved services and end to end envisioned business plan needed for the revival of the Pakistan Internationa
Published 28 Jan, 2017 12:00am
Jazz offers permanent contracts to over 2,000 employees

Jazz offers permanent contracts to over 2,000 employees

Jazz has offered 2000 employees with permanent, full time contracts. This comes following the completion of the merger with Warid Telecom, and unification of both Mobilink and Warid under Jazz's brand identity. "From voice to data and from 3G to 4G, the d
Published 28 Jan, 2017 12:00am
Civil-military cooperation helped improve law & order, says Nisar

Civil-military cooperation helped improve law & order, says Nisar

The law and order has improved in the country because of civil-military co-operation, said Interior Minister Chaudhry Nisar Ali Khan on Friday. Talking to media persons after inauguration of Sangjani-Biswal Interchange at M-1 in the outskirts of Islamabad
Published 28 Jan, 2017 12:00am
PTI introduces culture of rudeness, indecency, PML-N leaders complain

PTI introduces culture of rudeness, indecency, PML-N leaders complain

Leaders of Pakistan Muslim League-Nawaz (PML-N) on Friday alleged that Pakistan Tehreek-e-Insaf (PTI) has contributed nothing to national politics except introducing the culture of rudeness and indecency. Talking to media persons outside the Supreme Court
Published 28 Jan, 2017 12:00am
Two arrested in Quetta with wireless sets

Two arrested in Quetta with wireless sets

The police arrested two suspects after recovery of wireless sets and remote controls here on Friday. Police said that during search of a vehicle at Zarghon Road Quetta, several wireless sets and remotes controls concealed in the secret chambers were recov
Published 28 Jan, 2017 12:00am
Profit after tax of Faysal Bank up to Rs 4.301 billion

Profit after tax of Faysal Bank up to Rs 4.301 billion

The profit after tax of Faysal Bank Limited has increased to Rs 4.301 billion in the year ended December 31, 2016 as compared to Rs 4.222 billion earned in the year 2015. The board of directors of the bank in its meeting held here declared that the bank's
Published 28 Jan, 2017 12:00am
Profit after tax of Faysal Bank up to Rs 4.301 billion

Profit after tax of Faysal Bank up to Rs 4.301 billion

The profit after tax of Faysal Bank Limited has increased to Rs 4.301 billion in the year ended December 31, 2016 as compared to Rs 4.222 billion earned in the year 2015. The board of directors of the bank in its meeting held here declared that the bank's
Published 28 Jan, 2017 12:00am
Huge cache of weapons found in Lyari

Huge cache of weapons found in Lyari

Pakistan Rangers Sindh recovered huge quantity of weapons of Uzair Baloch Group from Lyari on Friday. According to a statement, the para military force on a tip off raided a vacant apartment in Photo-Lane, Lyari. The spokesman of Rangers informed that the
Published 28 Jan, 2017 12:00am
AEO Pakistan organises 'Study in Australia 2017' expo

AEO Pakistan organises 'Study in Australia 2017' expo

Australian Education Office (AEO) organised a "Study in Australia 2017" at Serena Hotel Islamabad. A large number of students and their parents attended the AEO Education Expo and showed their interest to study abroad in well renowned universities of the
Published 28 Jan, 2017 12:00am
'Model United Nations in LUMHS' held

'Model United Nations in LUMHS' held

A 3-day conference was inaugurated on Thursday, arranged by the students of Liaquat University of Medical and Health Sciences Jamshoro under the banner of "Model United Nations in LUMHS". While addressing at the inaugural session the Pro Vice Chancellor P
Published 28 Jan, 2017 12:00am
Global moot on urban ecology concludes at Karachi University

Global moot on urban ecology concludes at Karachi University

Administrator DHA Brigadier Shahid Hassan Ali presided over the concluding session of an international conference on the subject "Urban Ecology and Frontiers of Sustainable Development" organised by the Society for Urban Ecology, South Asian Chapter and t
Published 28 Jan, 2017 12:00am
Last accused of Hajj corruption case sentenced to 30 years in jail

Last accused of Hajj corruption case sentenced to 30 years in jail

A special court sentenced Ahmed Faiz, one of the accused in Hajj corruption case, behind bar for 30 years on Friday. Special Judge Central Nazeer Ahmad's court convicted the accused. The judge also imposed a fine of Rs 40.5 million on the accused. Ahmad F
Published 28 Jan, 2017 12:00am
PPP rejects increase in salaries of CM, ministers, advisors

PPP rejects increase in salaries of CM, ministers, advisors

The Pakistan Peoples' Party has rejected the increase in salaries of chief minister, provincial ministers and advisors in Khyber Pakhtunkhwa and described the decision as basic violation of Pakistan Tehreek-e-Insaf's manifesto and tall claims.
Published 28 Jan, 2017 12:00am
Uproar in KP PA as PML-N, PTI MPAs trade slogans

Uproar in KP PA as PML-N, PTI MPAs trade slogans

The provincial assembly of Khyber Pakhtunkhwa Friday witnessed pandemonium after the trade of sloganeering between the legislators of PML-N and Pakistan Tehrik-e-Insaf (PTI). Speaking on a point of order the parliamentary leader of PML-N, Sardar Aurangzeb
Published 28 Jan, 2017 12:00am
IELT holds teacher training workshop

IELT holds teacher training workshop

The closing ceremony of one-week skill-based teacher training workshop was held at the auditorium of Hi-Tech Resource Centre of the Varsity. This workshop was organised by Institute of English Language & Literature under sponsorship of Learning Innovation
Published 28 Jan, 2017 12:00am
Sindh CM inaugurates new Thatta-Sujawal Bridge

Sindh CM inaugurates new Thatta-Sujawal Bridge

Sindh Chief Minister Syed Murad Ali Shah has said the newly constructed bridge on River Indus has bridged the two newly divided districts of Thatta and Sujawal and it has paved the way to transport heavy machinery from Karachi Port to Tharparkar to instal
Published 28 Jan, 2017 12:00am
PQFTL offers Rs 200,000 accidental coverage to 'Lootlo.pk' consumers

PQFTL offers Rs 200,000 accidental coverage to 'Lootlo.pk' consumers

Pak-Qatar Family Takaful Limited (PQFTL) has signed a Memorandum of Understanding (MoU) with 'GoLootlo Wallet' to offer fabulous discounts & exclusive deals to the consumers. Pakistan's premier banking institution Bank Alfalah has entered into partnership
Published 28 Jan, 2017 12:00am
PQFTL offers Rs 200,000 accidental coverage to 'Lootlo.pk' consumers

PQFTL offers Rs 200,000 accidental coverage to 'Lootlo.pk' consumers

Pak-Qatar Family Takaful Limited (PQFTL) has signed a Memorandum of Understanding (MoU) with 'GoLootlo Wallet' to offer fabulous discounts & exclusive deals to the consumers. Pakistan's premier banking institution Bank Alfalah has entered into partnership
Published 28 Jan, 2017 12:00am
Islamabad urged to end Punjab's 'water excesses'

Islamabad urged to end Punjab's 'water excesses'

Legislators in the Sindh Assembly on Friday demanded of Islamabad to end water excesses by Punjab, saying that the upper riparian province had been holding Sindh's due share. A heated debate in the Assembly on water crisis in Sindh drew the federal govern
Published 28 Jan, 2017 12:00am
Cotton gains on bullish export sales data
Cotton

Cotton gains on bullish export sales data

ICE cotton futures rose for the second straight session on Thursday, supported by strong export sales data but gains were capped as Mexico's president cancelled a planned summit with his US counterpart Donald Trump. "Mexico is one of our largest export cu
Published 28 Jan, 2017 12:00am
Tokyo rubber gains 15 percent

Tokyo rubber gains 15 percent

Benchmark Tokyo rubber futures jumped 6 percent on Friday, hitting a fresh 4-year high and a 15 percent weekly gain, as optimism over a stronger global economy, a weaker yen and supply fears after floods in Thailand prompted buying.
Published 28 Jan, 2017 12:00am
The Weather

The Weather

The weather report on Friday (January 27, 2017) and the forecast for Saturday (January 28, 2017).

Published 28 Jan, 2017 12:00am
Copper climbs on potential supply disruptions

Copper climbs on potential supply disruptions

Copper prices shrugged off a stronger dollar on Friday to end the week higher, buoyed by expectations that supply disruptions could tighten the market. The metal used in power and construction touched $5,981.50 on Thursday, its strongest since November 28
Published 28 Jan, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 28 Jan, 2017 12:00am
Oil prices fall as US drillers add rigs

Oil prices fall as US drillers add rigs

Oil prices slipped on Friday, extending losses after data suggested drilling is ramping up in the United States, easing the focus on efforts by OPEC and other producers to support prices by cutting supplies. US crude futures for March delivery fell 98 cen
Published 28 Jan, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 28 Jan, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 27, 2017).

Published 28 Jan, 2017 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 28 Jan, 2017 12:00am
Palm oil down for third day

Palm oil down for third day

Malaysian palm oil futures fell on Friday morning, charting a third consecutive day of declines and touching a two-week low, as output is seen rising next month and as traders booked profit ahead of a long weekend. Bursa Malaysia will be closed for the se
Published 28 Jan, 2017 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 28 Jan, 2017 12:00am
New York cocoa falls to near four-year low on ICCO stocks data

New York cocoa falls to near four-year low on ICCO stocks data

New York cocoa futures fell to their lowest in almost four years on Friday as a bearish stocks estimate issued by the International Cocoa Organisation heightened concerns about excess supplies. March New York cocoa was down $39 or 1.8 percent at $2,093 a
Published 28 Jan, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (January 27, 2017).

Published 28 Jan, 2017 12:00am
Gold plunges in New York

Gold plunges in New York

Gold fell to a two-week low on Thursday as the dollar firmed and equity markets rallied, but expectations that the greenback's climb may be coming to an end helped limit losses. Spot gold prices were down 1 percent at $1,187.93 an ounce by 3:02 p.m. EST (
Published 28 Jan, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (January 27, 2017)

Published 28 Jan, 2017 12:00am
Gold down in Asia

Gold down in Asia

Gold on Friday hit fresh two-week low on a stronger dollar, with selling ahead of the Lunar New Year holidays adding pressure and leaving the metal on track to record its first weekly loss since late December. Spot gold prices were down 0.5 percent at $1,
Published 28 Jan, 2017 12:00am
Gold falls in Europe

Gold falls in Europe

Gold fell on Friday and held on track for its first weekly loss of the year as persistent dollar strength prompted some traders to cash in on this week's rally to two-month highs. The dollar was 0.1 percent up against a basket of currencies on Friday, han
Published 28 Jan, 2017 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (January 27, 2017).

Published 28 Jan, 2017 12:00am
Colombian 2017 coffee output could hit 24-year high

Colombian 2017 coffee output could hit 24-year high

Colombia could produce 14.5 million 60-kg bags of coffee this year, the highest output in more than two decades, the head of the country's growers' federation said on Thursday, as it pushes productivity and fertilisation improvements on farms.
Published 28 Jan, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 27, 2017).

Published 28 Jan, 2017 12:00am
Southern African maize munching pest is South American invader

Southern African maize munching pest is South American invader

A maize pest that has devastated crops in southern Africa is a South American species which is harder to detect and eradicate than its African counterpart, agriculture officials and experts said on Tuesday. The fall armyworm outbreak has erupted in Zambia
Published 28 Jan, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 27, 2017).

Published 28 Jan, 2017 12:00am
US MIDDAY: wheat lower, soya mixed

US MIDDAY: wheat lower, soya mixed

Chicago Board of Trade wheat futures fell on Friday on plentiful domestic and global old-crop supplies and a firm dollar, which tends to make US grains less competitive on the world market, traders said. CBOT March wheat settled down 6-1/2 cents at $4.20-
Published 28 Jan, 2017 12:00am
US MIDDAY: gold little changed

US MIDDAY: gold little changed

Gold was little changed on Friday, giving up earlier losses as US equity markets and Treasury yields turned lower, but the metal was on track for its first weekly loss of the year after traders cashed in on this week's rally to two-month highs. Spot gold
Published 28 Jan, 2017 12:00am
Allotment of state land

Allotment of state land

This is apropos a Business Recorder news item "Pasha for revisiting policy of allotting state land" carried by the newspaper yesterday. According to it, former Finance Minister Dr Hafiz Pasha has stressed the need for revisiting the policy of allot
Published 28 Jan, 2017 12:00am
THE RUPEE: rates inert
Currency

THE RUPEE: rates inert

Rates were almost unchanged on the money market on Friday as the rupee sustained overnight levels against the dollar in the process of trading, dealers said. The rupee also did not budge any side in relation to the dollar for buying and selling at Rs 104.
Published 28 Jan, 2017 12:00am
By picking fight with Mexico, Trump angers key partner

By picking fight with Mexico, Trump angers key partner

By picking a fight with Mexico, the US President Donald Trump is antagonising a strategic partner that could retaliate with a trade war and less co-operation on curbing illegal immigration, analysts say. Trump has angered Mexicans by insisting that they w
Published 28 Jan, 2017 12:00am
THE RUPEE: rates inert
Currency

THE RUPEE: rates inert

Rates were almost unchanged on the money market on Friday as the rupee sustained overnight levels against the dollar in the process of trading, dealers said. The rupee also did not budge any side in relation to the dollar for buying and selling at Rs 104.
Published 28 Jan, 2017 12:00am
Aramco snub puts Malaysia's Petronas in tight spot over RAPID project

Aramco snub puts Malaysia's Petronas in tight spot over RAPID project

Saudi Aramco's decision to shelve a plan to partner with Malaysia's state oil company threatens the country's ambitious plans for an oil and gas processing hub, which it may struggle to keep on course if it cannot find another foreign investor. The Saudi
Published 28 Jan, 2017 12:00am
K-Electric

K-Electric

K-Electric is once again in the process of change of hands. In 2006, it was Al-Jummia Group of Saudi Arabia that acquired K-Electric through a privatisation process conducted during the tenure of the then Prime Minister, Shaukat Aziz. The challenge for Al
Published 28 Jan, 2017 12:00am
The question of terrorist funding

The question of terrorist funding

Briefing the Senate recently on terrorist financing, the Minister of State for Interior, Baleeghur Rehman, had little to offer by way of inspiring confidence. He pointed the finger in differing directions. Certain foreign intelligence agencies, he said, f
Published 28 Jan, 2017 12:00am
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