News Archives for Print - 2017-02-28

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Print - 2017-02-28

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Monday (February 27, 2017).

Published 28 Feb, 2017 12:00am

Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (February 27, 2017).

Published 28 Feb, 2017 12:00am

Currency

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Monday (February 27, 2017).

Published 28 Feb, 2017 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (February 27, 2017).

Published 28 Feb, 2017 12:00am

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi

Published 28 Feb, 2017 12:00am

Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 28 Feb, 2017 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 28 Feb, 2017 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 28 Feb, 2017 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 28 Feb, 2017 12:00am

FIRST HABIB MODARABA: 31 years - journey of continuous success

First Habib Modaraba (FHM) is operating in Pakistan's financial market as Non-Bank Islamic Financial Institution as one of the pioneers in Modaraba sector. The concept of Modaraba as a Shariah compliant mode of business was evolved and introduced as an in

Published 28 Feb, 2017 12:00am

UBL?Fund Managers - an award-winning asset manager, recognised globally

UBL Fund Managers Ltd (UBL Funds) was established in 2001 and has since grown in size, as of January 31, 2017, to approx Pak Rupees 79 billion in 21collective investment and 2 pension schemes - both being numbers that have continued to grow with introduct

Published 28 Feb, 2017 12:00am

Cotton

Archroma - churning innovations into reality

Clothing, synonymous to textiles is man's second basic need after food followed by shelter. Textiles are an integral part of our daily lives. From the clothes that we wear to the bedsheets that we sleep in, textiles are used in a wide variety of areas. Ar

Published 28 Feb, 2017 12:00am

Management Association of Pakistan

MAP is a professional Association, a not-for-profit and a non-political organisation. The Association has an elected board of directors, ie the Executive Committee, comprising of corporate leaders from Pakistan's top notch companies. Since its inception i

Published 28 Feb, 2017 12:00am

Message from President, AAMO

On behalf of the Asian Association of Management Organisations (AAMO), Iwould like to congratulate the Management Association of Pakistan (MAP) on theoccasion of your 32ndCorporate Excellence Awards (CEA).

Published 28 Feb, 2017 12:00am

Message from Vice President, Management Association of Pakistan & Vice Chairman Corporate Excellence Awards Sub-Committee

Management Association of Pakistan's Corporate Excellence Awards have been a stimulant for the companies to strive for the best management practices by participating and meeting the benchmarks as per the stringent and transparent MAP criteria for high sta

Published 28 Feb, 2017 12:00am

Message from President, Management Association of Pakistan & Chairman Corporate Excellence Awards Sub-Committee

I am proud to be a part of yet another milestone by the Management Association of Pakistan - the 32nd Corporate Excellence Awards, one of the most sought after accolades in the Pakistan's corporate space since 1982. This coveted event is now held regularl

Published 28 Feb, 2017 12:00am

Message from Chief Minister Sindh

It is indeed heartening to see the Management Association of Pakistan(MAP)upholding its mission and vision of leading the change process towards best management practices for over fifty years now. By holding its Corporate Excellence Awards each year since

Published 28 Feb, 2017 12:00am

China's January net gold imports fall

China's monthly net gold imports via main conduit Hong Kong plunged 38.3 percent in January, data showed on Monday. Net gold imports by the world's top consumer fell to 31.79 tonnes in January from 51.51 tonnes in December, according to data emailed to Re

Published 28 Feb, 2017 12:00am

Palm oil firmer on European vegoils market

Palm oil on the European vegetable oils market was firmer on Friday, tracking gains in Malaysian palm oil futures on forecasts for stronger export data and pre-weekend short-covering. Asking prices for palm oil were between $7.50 and $12.50 a tonne higher

Published 28 Feb, 2017 12:00am

CBOT soyabeans futures higher on bargain buying

Chicago Board of Trade soyabean futures closed higher Friday on bargain-buying after the front contract fell to its lowest since mid-January, traders said. CBOT March soyabeans settled up 2 cents at $10.13-1/2 per bushel after dipping to $10.09-1/4, the c

Published 28 Feb, 2017 12:00am

CBOT wheat futures lower on ample world supply

Wheat futures on the Chicago Board of Trade closed lower Friday on technical selling and plentiful global supplies, analysts said. CBOT March wheat settled down 6-3/4 cents at $4.31-1/4 per bushel after dipping to $4.30, its lowest since February 9. For t

Published 28 Feb, 2017 12:00am

Ivory Coast rains bode well for cocoa mid-crop

Good rains in the last week in most of Ivory Coast's main cocoa growing regions are a positive sign for the development of the mid-crop but hot weather could hurt it, farmers said on Monday. The dry season in the world's top cocoa producer runs from mid-N

Published 28 Feb, 2017 12:00am

Chinese iron ore, steel resume rally amid steel curbs

Chinese steel futures jumped nearly 5 percent and iron ore also climbed on Monday as both commodities resumed their rally amid planned curbs in steel production in key areas in China and a pickup in seasonal demand. Rebar prices pushed to a fresh three-ye

Published 28 Feb, 2017 12:00am

EU wheat prices ease on Chicago futures fall

European wheat futures eased slightly on Friday, with a weaker trend in Chicago countered by export demand that continues to support the market. May milling wheat, the most active contract on the Paris-based Euronext exchange, was down 0.25 euros, or 0.1

Published 28 Feb, 2017 12:00am

Cotton

Lean business on cotton market

A subdued business was again witnessed on the cotton market on Monday owing to lack of buying interest among spinners and mills, dealers said. The official spot rate was unchanged at Rs 6650, they said. In Sindh, seed cotton prices were at Rs 3300-3400, i

Published 28 Feb, 2017 12:00am

CBOT corn falls to 2-1/2-week low

Corn futures on the Chicago Board of Trade closed lower on Friday, with the March contract touching a 2-1/2-week low on fund long liquidation and lower-than-expected weekly export sales, traders said. CBOT March corn settled down 1-1/2 cents at $3.64 per

Published 28 Feb, 2017 12:00am

European gasoline cracks higher

Gasoline refining margins in northwest Europe ended the week slightly higher, supported by falling Atlantic basin inventories. Gasoline inventories on both sides of the Atlantic have fallen in recent weeks, giving margins some reprieve, but the market rem

Published 28 Feb, 2017 12:00am

Cotton

PMEX daily trading report

On Friday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,147. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 6.82 billion and the number of lots traded was 16,619. Major business was contributed by gol

Published 28 Feb, 2017 12:00am

Asian naphtha cracks rise to four-session high

Asia's naphtha cracks recovered to a four-session high of $88.93 a tonne on Monday, supported by expectations that paraffinic naphtha supply would stay comparatively tight due to demand from the petrochemicals sector. Naphtha cargoes provisionally booked

Published 28 Feb, 2017 12:00am

Activities at Karachi and Qasim ports

The Karachi Port handled 108,163 tonnes of cargo comprising 80,654 tonnes of import cargo and 27,509 tonnes of export cargo including 3,998 loaded and empty containers during the last 24 hours ending at 0700 hours on Monday. The total import cargo of 80,6

Published 28 Feb, 2017 12:00am

Ukraine to start spring grain sowing

Ukrainian farmers will start the 2017 spring grain sowing in a few days, expecting to sow a total of 7.2 million hectares of various spring grains, the agriculture ministry said on Monday. Last year, Ukraine, the global third-largest grain exporter, start

Published 28 Feb, 2017 12:00am

Italy economy minister denies report suggesting he could resign

Italian Economy Minister Pier Carlo Padoan denied a report in La Stampa newspaper on Sunday which said he threatened to resign if effective reforms and planned privatisations are not carried out. In a statement, the Treasury said the article placing doubt

Published 28 Feb, 2017 12:00am

Currency

Despite Egypt reforms, investors seen wary of returning

Egypt is pursuing a raft of reforms to try to revive an economy weakened by years of turmoil, but analysts say that wooing foreign investors will take time. Since the 2011 uprising, the Arab world's most populous nation has suffered a slump in key tourism

Published 28 Feb, 2017 12:00am

Qatar Petroleum says QAPCO to operate QVC

Qatar Petrochemical Company (QAPCO) will operate the activities of Qatar Vinyl Company (QVC) through a service agreement by the end of the year, Qatar Petroleum (QP) said on Sunday. QVC is part of Mesaieed Petrochemical and QAPCO is a unit of Industries Q

Published 28 Feb, 2017 12:00am

Deutsche Bank board member says staff not quitting over bonus cuts

Bonus cuts at German flagship lender Deutsche Bank, announced in January, have so far not led to a mass exodus of employees, one of its board members told a German weekly newspaper. "Fluctuation is normal and within the usual boundaries and was even lower

Published 28 Feb, 2017 12:00am

Currency

India firms fear lingering economic aftershocks from cash crackdown

Struggling with customers unable to pay on time and plummeting sales, Indian small-business owner Ravi Jain fears the government's crackdown on cash will have a much larger impact than predicted by top policymakers. Jain's bath taps manufacturing firm Sup

Published 28 Feb, 2017 12:00am

'Our daily bread' has hidden climate costs

Nearly half the environmental impact of a loaf of bread comes from the "unsustainable use" of fertilisers on wheat crops, researchers said Monday. Synthetic fertilisers boost yields, but they contain or generate chemicals - ammonia, nitrates, methane and

Published 28 Feb, 2017 12:00am

Australia miners reap record-breaking profits in Q4

Profits at Australian companies boomed last quarter as surging resource prices showered cash on miners, a potential boost to incomes across the economy and a much-needed windfall for government tax coffers. Monday's data from the Australian Bureau of Stat

Published 28 Feb, 2017 12:00am

Global art sales plummet, China biggest market

Global art sales plunged in 2016 as the number of high-value works sold dropped by half, while China regained its status as the world's top market, Artprice said in an annual report released Monday. Art auctions worldwide totalled $12.5 billion (11.8 bill

Published 28 Feb, 2017 12:00am

Hungary, Slovakia press EU over 'garbage' food

Hungary said Monday it has joined with Slovakia in calling for the EU to stop multinational food firms from selling identically-branded inferior products in different countries. The move follows findings in reports by food watchdogs in both countries that

Published 28 Feb, 2017 12:00am

Sri Lanka to honour $12 billion debt despite dispute: FM

Sri Lanka Monday vowed to honour government bonds of up to 1,780 billion rupees ($11.86 billion) even as the central bank admitted "procedural shortcomings" in state-issued securities. Finance Minister Ravi Karunanayake hastily summoned reporters to annou

Published 28 Feb, 2017 12:00am

Asia trade talks resume after US exit dashes hopes for TPP deal

Negotiators from 16 Asia-Pacific countries on Monday held their first round of free-trade talks since hopes faded of reaching a separate regional deal after the US pulled out. The five-day Regional Comprehensive Economic Partnership (RCEP) talks in the we

Published 28 Feb, 2017 12:00am

New Zealand seeks stronger trade ties with Iran

New Zealand is keen to further develop trade ties with Iran, the primary industries minister in Wellington said on Monday, adding bilateral relations had warmed since international sanctions against Tehran were eased. Nathan Guy visited Iran at the weeken

Published 28 Feb, 2017 12:00am

Aramco to invest $7 billion in Malaysia oil refinery

Saudi Arabia's Aramco will invest $7 billion in a giant Malaysian oil refinery project, Prime Minister Najib Razak said Monday, as he declared ties with the kingdom were "at an all-time high". The deal between Aramco and Malaysian state energy firm Petron

Published 28 Feb, 2017 12:00am

Currency

Eurozone households borrow more in January

Growth in borrowing by households picked up in the eurozone in January, data released Monday by the European Central Bank showed, while growth in businesses' appetite for credit remained steady. The rate of loan growth to firms and consumers is a closely-

Published 28 Feb, 2017 12:00am

US core capital goods orders fall; durable goods jump

New orders for US-made capital goods unexpectedly fell in January after three straight months of strong gains, but did little to change views that manufacturing was recovering from a prolonged slump amid rising commodity prices. The Commerce Department sa

Published 28 Feb, 2017 12:00am

Gulf markets fall on profit-taking; Egypt down on fourth quarter results

Profit-taking dragged stock markets in the Middle East down on Monday, with Egypt lagging after some quarterly earnings failed to inspire. Saudi Arabia's index lost 1.1 percent to 6,969 points, heading back down towards technical support at the mid-Februa

Published 28 Feb, 2017 12:00am

Sri Lankan shares hit 2-1/2-week low

Sri Lankan shares fell on Monday to hit their lowest close in more than two weeks as investors were worried over rising interest rates, but foreign buying and block deals in Expolanka Holdings boosted the turnover. Foreign investors net bought 716.2 milli

Published 28 Feb, 2017 12:00am

Currency

Tokyo shares fall with eyes on Trump speech

Tokyo stocks fell Monday as a stronger yen discouraged investors who are already cautious ahead of US President Donald Trump's policy speech to Congress. Markets are keen to see details of Trump's spending plans as well as proposals for tax reform, with u

Published 28 Feb, 2017 12:00am

Monday's early trade: S&P, Dow hit record highs on Trump's policy comments

The S&P 500 and the Dow Jones Industrial Average edged up to record intraday highs on Monday, after President Donald Trump's said he would make a "big" statement on infrastructure on Tuesday. In a meeting with state governors on Monday, Trump said his adm

Published 28 Feb, 2017 12:00am

Hong Kong stocks fall

Hong Kong stocks fell for the third straight session on Monday, as the market's strong months-long rally showed signs of fatigue. Sentiment was also hurt by bearishness in mainland China markets, where blue chips had their worst day in two months amid wor

Published 28 Feb, 2017 12:00am

Most Southeast Asian stocks down

Most Southeast Asian stock markets ended down in dull trading on Monday as investors took a cautious stance ahead of US President Donald Trump's speech to a joint session Congress on Tuesday, when he is expected to shed light on proposed tax cuts among ot

Published 28 Feb, 2017 12:00am

Indian shares volatile; financials weigh

India's NSE index swung between gains and losses on Monday, taking a pause after hitting its highest in nearly two years last week, although market heavyweight Reliance Industries Ltd surged to a more than 7-1/2-year high on continued hopes about its tele

Published 28 Feb, 2017 12:00am

China blue chips post worst day in two months

China's blue chips posted their biggest single-day loss in two months on Monday after the securities regulator vowed to step up its campaign against speculation and hinted about loosening its grip on new share offerings. The blue-chip CSI300 index fell 0.

Published 28 Feb, 2017 12:00am

European shares ease; Italian stocks surge

European shares ticked lower on Monday, weighed down by losses among insurance stocks, while exchange operators slipped on expectations that the merger between London Stock Exchange and Deutsche Boerse will fail. The STOXX Europe 600 closed 0.1 percent lo

Published 28 Feb, 2017 12:00am

French 10-year bond yields hit one-month lows

French 10-year bond yields fell to a one-month low on Monday, tightening the gap with German peers on further signs that centrist candidate Emmanuel Macron is the clear favourite in France's closely-watched presidential election. Italian yields also hit o

Published 28 Feb, 2017 12:00am

French 10-year bond yields hit one-month lows

Published 28 Feb, 2017 12:00am

Australian shares fall; New Zealand up

Australian shares ended lower for a third straight day on Monday, hurt by losses in energy and materials, as a jump in fourth quarter company earnings failed to uplift sentiment. Investors were on a wait-and-watch mode ahead of US President Donald Trump's

Published 28 Feb, 2017 12:00am

FTSE ends higher on some positive earnings, insurers slip

Britain's top share index closed slightly higher on Monday, helped by earnings updates and weak sterling, although motor insurers were hit by a regulatory change that could lead to higher payouts. The broader market was helped by sterling, which fell afte

Published 28 Feb, 2017 12:00am

Currency

China's yuan falls

China's yuan fell against the US dollar on Monday after the central bank set a weaker midpoint to reflect global dollar strength, but traders said room for depreciation is expected to be limited as the threat of a trade war from the US lingers. The People

Published 28 Feb, 2017 12:00am

Currency

Dollar edges up in Asia

The dollar recouped some ground after dipping to a two-week low against the yen in Asian trading on Monday, but it lacked momentum as investors awaited this week's speech by US President Donald Trump for clues on tax reform. Trump will make his first majo

Published 28 Feb, 2017 12:00am

Early trade in New York: Dollar slightly weaker against basket of currencies

The dollar was slightly weaker against a basket of currencies on Monday as investors worried that a speech by US President Donald Trump on Tuesday would not provide many details on his economic agenda. Treasury Secretary Steven Mnuchin said on Sunday that

Published 28 Feb, 2017 12:00am

Currency

Dollar rises against yen in Europe

The dollar edged up from a 2-1/2-week low against the yen on Monday but struggled to gain traction more broadly, as investors awaited a speech this week by US President Trump for clues on his economic agenda. Trump is set make his first major policy addre

Published 28 Feb, 2017 12:00am

Bangladesh's inter-bank forex rates

Inter-bank buy/sell rates for the taka against the dollar on Monday. 79.36-79.37 (previous 79.35-79.35).

Published 28 Feb, 2017 12:00am

Currency

Sri Lankan rupee up

The Sri Lankan rupee ended firmer on Monday aided by late exporter dollar sales, but concerns over possible further depreciation in the absence of central bank guidance weighed on the sentiment, dealers said. Rupee forwards were active with two-week forwa

Published 28 Feb, 2017 12:00am

Asia forex Indian rupee, Thai baht rise

The Indian rupee set a three-month peak and the Thai baht hovered at a four-month high on Monday, as investors looked to US President Donald Trump's speech to Congress later this week for fresh catalysts. The Thai baht rose to 34.85 per dollar. That match

Published 28 Feb, 2017 12:00am

Currency

Nigeria boosts sales of dollars

Nigeria central bank said on Monday it sold $80 million to retail customers and another $100 million in currency forwards to increase dollar liquidity and support the naira. Nigeria has been running short of dollars as oil revenues have fallen along with

Published 28 Feb, 2017 12:00am

Currency

FX industry heavyweights back new compression services

Broker Tradition was the second of Europe's big market infrastructure players in a week to unveil new arms to a "compression" service on Monday, aiming to unclog bank balance sheets so they can back more trade in a credit-starved global currency market.

Published 28 Feb, 2017 12:00am

Currency

Sterling hits 12-day low as Brexit jitters return

Sterling hit a 12-day low against the dollar on Monday, as talk of another possible Scottish independence vote added to fears about Britain's future as it prepares to leave the European Union. A report in the Times newspaper said British Prime Minister Th

Published 28 Feb, 2017 12:00am

Currency

Aussie rises

The Australian dollar edged higher on Monday after data showed surging commodity prices led to record-breaking company profits in the fourth quarter, a boon for the country's trade balance and national income. The Australian dollar rose about 0.3 percent

Published 28 Feb, 2017 12:00am

Madrid stage Villarreal fightback, Messi nets winner

Gareth Bale and Cristiano Ronaldo hauled Real Madrid back from 2-0 down to win 3-2 at Villarreal on Sunday and regain top spot in La Liga from Barcelona. Earlier, Barca had momentarily usurped Real thanks to Lionel Messi's winner four minutes from time in

Published 28 Feb, 2017 12:00am

Asia confederation terminates deal with China broadcaster

Chinese company LeSports had its four-year contract to broadcast Asian Football Confederation (AFC) competitions terminated by the continental governing body last week after failing to pay an instalment on the deal, sources have confirmed to Reuters. The

Published 28 Feb, 2017 12:00am

Thiem takes Rio Open

Austrian Dominic Thiem secured his eighth ATP title with a 7-5 6-4 win over Pablo Carreno Busta in the final of the Rio Open on Sunday. Second seed Thiem, who became the favourite after top seed Kei Nishikori was knocked out in the first round, did not lo

Published 28 Feb, 2017 12:00am

Ibrahimovic double downs Saints in Wembley thriller

Zlatan Ibrahimovic sealed the first major silverware of Jose Mourinho's Manchester United reign and broke Southampton's hearts as the Swedish star's late goal clinched a dramatic 3-2 victory in Sunday's League Cup final. Ibrahimovic was one of Mourinho's

Published 28 Feb, 2017 12:00am

FIFA backs troubled Saint Petersburg pitch

FIFA on Monday said it was confident problems plaguing the pitch at the new Saint Petersburg stadium will be fixed in time for the Confederations Cup in June. Last year inspectors said the retractable pitch at the 68,000-seater Saint Petersburg Arena - wh

Published 28 Feb, 2017 12:00am

Currency

China warns soccer investors, don't break rules on capital outflows

Private Chinese investors are welcome to help develop the sports industry but must follow the country's rules on moving capital overseas, the sports ministry said on Monday, following a splurge on foreign soccer clubs by local buyers. Companies from China

Published 28 Feb, 2017 12:00am

Bilal declared best athlete in Inter-College Boys event

Bilal Ahmad of Government Degree College Hayatabad was declared as best athlete of the Year-2017 in the Inter-College Boys Athletic Championship held under the aegis of University of Peshawar on Monday. Principal of the Govt Degree College, Hayatabad Pesh

Published 28 Feb, 2017 12:00am

Federer off to smooth Dubai start

Roger Federer took the opening step in his bid for a record eighth title at the Dubai Tennis Championships on Monday with a comprehensive 6-1, 6-3 defeat of Benoit Paire. Federer, playing his first match since winning a record 18th Grand Slam title a mont

Published 28 Feb, 2017 12:00am

Emporium Mall Punjab Polo Cup begins

The Emporium Mall Punjab Polo Cup 2017 will get under way here at the Lahore Polo Club (LPC) ground from Tuesday. Lahore Polo Club President Irfan Ali Hyder told media here Monday that top five polo teams have been featuring in the tournament, which is di

Published 28 Feb, 2017 12:00am

PPL's Balochistan Football Cup 2017 from March 10

Pakistan Petroleum Limited (PPL) Balochistan Football Cup 2017 is set to kick-off from March 10. The district-level matches are scheduled to be held across six provincial divisions: Quetta, Kalat, Makran, Sibi, Zhob and Naseerabad. Altogether, 35 teams wi

Published 28 Feb, 2017 12:00am

Herath to lead Sri Lanka against Bangladesh

Sri Lanka on Monday named Rangana Herath as skipper to replace Angelo Mathews who was dropped from next week's two-Test home series against Bangladesh. Sri Lanka Cricket said the 38-year-old left-arm spinner Herath was named captain although he had retire

Published 28 Feb, 2017 12:00am

'Surprised' astronomers find Tatooine-like, two-star system

Astronomers said Monday they had found hints of a planetary system closely resembling that of Tatooine, the home of Star Wars jedi Luke Skywalker, orbiting a duo of suns. The evidence came in the form of seemingly rocky debris orbiting two stars - a white

Published 28 Feb, 2017 12:00am

EU extends Belarus sanctions

The European Union on Monday extended for another year its remaining sanctions on Belarus and warned that getting them lifted depended on Minsk making progress on fundamental freedoms. In February last year, the EU ended nearly all of its sanctions agains

Published 28 Feb, 2017 12:00am

Iraqi forces reach key Mosul bridge

Iraqi forces battling the Islamic State group in west Mosul reached the city's southernmost bridge Monday, a key step in efforts to defeat the jihadists in their stronghold, a spokesman said. The move, a little more than a week into a major push on Mosul'

Published 28 Feb, 2017 12:00am

EU expands North Korea sanctions

The European Union imposed additional sanctions on North Korea on Monday over nuclear and ballistic missile tests carried out in defiance of the UN Security Council. The decision, implementing a November UN resolution, comes with North Korea in the intern

Published 28 Feb, 2017 12:00am

Mahershala Ali becomes first Muslim actor to win Oscar

Heavily-backed favourite Mahershala Ali won the best supporting actor Oscar on Sunday for his portrayal of a drug dealer in coming-of-age drama "Moonlight" - becoming the first Muslim film star to pick up a golden statuette. A first-time nominee, the 43-y

Published 28 Feb, 2017 12:00am

'Moonlight' takes best picture Oscar after stunning mix-up

Coming-of-age drama "Moonlight" won the best picture Oscar on Sunday, but not before the film industry's biggest night was marred by one of the worst fiascos in its history, as "La La Land" was mistakenly handed the award first. Until the final minute the

Published 28 Feb, 2017 12:00am

Three killed as fire engulfs Mogadishu's main market

A massive fire destroyed large parts of Mogadishu's main market on Monday, leaving three people dead, including two children, and several others wounded, police said. The blaze began early in the morning, sending thick plumes of smoke billowing over the S

Published 28 Feb, 2017 12:00am

Israeli planes hit Gaza after rocket attack

Israeli aircraft hit targets in the Gaza Strip on Monday, hours after a rocket fired from the Palestinian territory slammed into southern Israel. "Three bombs were dropped by the air force on a Hamas military base east of Nusseirat refugee camp," south of

Published 28 Feb, 2017 12:00am

Iran tests missiles in naval exercises

Iran's navy has test-fired the latest versions of the Nasr and Dehlaviyeh missiles during military exercises in the Gulf, local media reported on Monday. "The latest naval cruise missile called Nasr was test-fired during Velayat 95 naval manoeuvres in the

Published 28 Feb, 2017 12:00am

German hostage beheaded in Philippines

Islamic militants in the Philippines have beheaded the German hostage they were holding for ransom, the government in Manila said Monday. A video posted by the Abu Sayyaf group, which was monitored by intelligence group SITE, showed Jurgen Kantner being k

Published 28 Feb, 2017 12:00am

Trump plots big increase in defence spending

President Donald Trump on Monday teased a budget plan that includes a substantial increase in defense spending and cuts in foreign aid. Previewing a plan that will attempt to translate campaign promises into dollars and cents, Trump promised a "public saf

Published 28 Feb, 2017 12:00am

Pentagon readies new anti-IS plan for Trump

The Pentagon was due to present the White House on Monday with possible new battle plans to defeat the Islamic State group, after President Donald Trump demanded top brass find additional ways to destroy the jihadists. One of Trump's central campaign pled

Published 28 Feb, 2017 12:00am

Shanghai copper little changed

Shanghai Futures Exchange copper ended little changed at 47,730 yuan ($6,944) a tonne on Monday but prices were supported by simmering concerns over supply amid production stoppages at the world's two biggest copper mines. BHP Billiton has decided to give

Published 28 Feb, 2017 12:00am

Copper moves higher on supply outages

Copper edged higher on Monday as production stoppages at the world's two biggest mines lent support, though moves were muted as markets awaited further clues on US infrastructure spending from US President Donald Trump. The metal hit its highest since May

Published 28 Feb, 2017 12:00am

Iran describes Opec compliance with oil cuts as 'acceptable'

Opec's level of compliance with production cuts in January has been acceptable, Iran's oil minister said on Monday, expressing hope for further co-operation from non-Opec members in the near future. The Organisation of the Petroleum Exporting Countries ag

Published 28 Feb, 2017 12:00am

Thailand to auction 120,000 tonnes of rubber

Thailand, the world's biggest producer and exporter of rubber, will auction about 120,000 tonnes of rubber from state stockpiles on March 7, an official at the Thai Rubber Authority told Reuters. "We will hold the last state auction for about 120,000 tonn

Published 28 Feb, 2017 12:00am

Rubber rises

Benchmark Tokyo rubber futures posted their first gain in nine sessions on Monday, in line with Shanghai futures which recovered from three days of declines. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast

Published 28 Feb, 2017 12:00am

Rotterdam vegetable oil prices

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

Published 28 Feb, 2017 12:00am

Rotterdam vegetable oil prices

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

Published 28 Feb, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 11	277.73
USD PKR Interbank Buying / Oct 11	277.53
USD to Japanese Yen / Oct 11	149.13
USD to Swiss Franc / Oct 11	0.86
Pound Sterling to USD / Oct 11	1.31
Euro to USD / Oct 11	1.09

Stock	Volume
S&P 500 / Oct 11	5,815.03
India Sensex / Oct 11	81,381.36
Tokyo Nikkei / Oct 11	39,605.80
Nasdaq / Oct 11	18,342.94
Hang Seng / Oct 11	21,251.98
FTSE 100 / Oct 11	8,253.65
Dow Jones / Oct 11	42,863.86
Germany DAX 30 / Oct 11	19,373.83

Item	Value
Crude Oil USD/Barrel / Oct 11	75.56
Gold 10 Grams PKR / Oct 11	235,000.60
Gold Spot USD/Ounce / Oct 11	2,656.59
Cotton US¢/pound / Oct 11	72.21
Petrol/Litre / Oct 12	247.03
Karachi Cotton PKR/37.32 KG / Oct 12	18,285

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 12 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 12 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 12 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 12 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 12 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 12 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 12 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 12 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 12 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 12 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 12 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 12 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 12 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 12 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 12 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 12 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 12 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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