News Archives for Print - 2017-03-06

Bangladesh's interbank forex rates

Inter-bank buy/sell rates for the taka against the dollar on Sunday. 79.40-79.40 (previous 79.40-79.40).

Published 06 Mar, 2017 12:00am

Status quo

The status quo parties, notably the PML-N and the PPPP, have been accused of following economic policies that ensure their political status quo at the cost of their negative economic fallout: extending utilities (gas and electricity) to areas for purposes

Published 06 Mar, 2017 12:00am

The Balkan route closure has not put smugglers out of business

Mountains of orange life vests still litter the beaches of the Greek island of Lesbos, a year after refugees and migrants stopped landing there in the kind of vast numbers that sparked Europe's migration crisis.

Published 06 Mar, 2017 12:00am

Media struggles for balance in covering hostile Trump

Facing a White House which has been unrelenting in its attacks on the media, news organisations are struggling to find the right balance in covering President Donald Trump's administration.

Published 06 Mar, 2017 12:00am

Advances to private sector

This is apropos a Business Recorder news item "Q4CY16: Advances to private sector reach Rs410bn" carried by the newspaper on Saturday. According to it, with low interest rate and better economic conditions, advances to private sector posted a historical g

Published 06 Mar, 2017 12:00am

"Business in Gwadar has doubled in the last one year"

Ghulam Hussain Dashti is the President of 'Anjuman Tajran Gwadar', a body that represents small traders in the Gwadar city. As part of our recent fact-finding mission in Gwadar, BR Research also sat down with Mr. Dashti and a few other local traders. Sele

Published 06 Mar, 2017 12:00am

"Business in Gwadar has doubled in the last one year"

Ghulam Hussain Dashti is the President of 'Anjuman Tajran Gwadar', a body that represents small traders in the Gwadar city. As part of our recent fact-finding mission in Gwadar, BR Research also sat down with Mr. Dashti and a few other local traders. Sele

Published 06 Mar, 2017 12:00am

Prime Minister takes aerial view of Qaddafi Stadium

Prime Minister Nawaz Sharif Sunday took aerial view of Qaddafi Stadium where final of Pakistan Super League-II (PSL) was staged. The Prime Minister, aboard a helicopter, took aerial view to witness the arrangements made for successful holding of the final

Published 06 Mar, 2017 12:00am

State-run educational institutions: 'no data available of minorities' children in KP'

Member Provincial Assembly for minorities Fredrick Azeem Ghauri has said that despite so many years no data could be made available regarding minority children studying at state-run educational institutions of the province. For the right policy making, ve

Published 06 Mar, 2017 12:00am

Gwadar port to open new ways of economic development: Dostain

Chairman Gwadar Port Authority Dostain Jamaldin has said that the Gwadar port has significant importance in China-Pakistan Economic Corridor project. Talking to Radio Pakistan, he said the International level trade has been started through this port and w

Published 06 Mar, 2017 12:00am

Heavy snowfall: Safed Arkari Valley cut off from rest of country

Due to heavy snowfall Safed Arkari Valley of district Chitral has been cut off from the rest of country for last one month and the residents have to travel 70 kilometer distance, littered with avalanches, on foot to reach district quarters.

Published 06 Mar, 2017 12:00am

Emergence of good governance in AJK top priority: Prime Minister

AJK Prime Minister Raja Farooq Haider Khan said the emergence and delivery of good governance to the masses in AJK was top priority of the government.

Published 06 Mar, 2017 12:00am

Postponed papers: KU notifies new dates

The Controller Examinations of the University of Karachi (KU) has notified the new dates for the postponed papers of B.A Regular and Private, which were earlier scheduled for January 20 and 21, 2017. A University announcement on Sunday said that the paper

Published 06 Mar, 2017 12:00am

Delegates call for early resolution of Kashmir dispute

Kashmiri delegation currently attending 34th Session of United Nations Human Rights Commission in Geneva late Saturday called on diplomats and representatives of various human rights organisations in and apprised them of the prevailing political and human

Published 06 Mar, 2017 12:00am

Prime Minister leaves for Kuwait today

Prime Minister Nawaz Sharif will pay a two-day official visit to Kuwait from March 6-7. He will be accompanied by Shahid Khaqan Abbasi, minister of petroleum and natural resources, Tariq Fatemi, special assistant to the prime minister on foreign affairs a

Published 06 Mar, 2017 12:00am

People protest against student's thrashing by police

The residents of Mohabatabad union council in Mardan on Sunday held a protest against thrashing of students by police and blocked the Mardan-Nowshera road.

Published 06 Mar, 2017 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 06 Mar, 2017 12:00am

Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (February 27 to March 03 2017).

Published 06 Mar, 2017 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2016)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 06 Mar, 2017 12:00am

The Weather

The weather report on Sunday (March 05, 2017) and the forecast for Monday (March 06, 2017).

Published 06 Mar, 2017 12:00am

Currency

THE RUPEE: steadier trend

Firmness persisted on the money market as the rupee held its present levels versus the dollar during the week, ended on March 04, 2017. In the inter-bank market, the rupee almost traded in terms of the dollar for buying and selling at Rs 104.85 and Rs 104

Published 06 Mar, 2017 12:00am

Currency

THE RUPEE: steadier trend

Firmness persisted on the money market as the rupee held its present levels versus the dollar during the week, ended on March 04, 2017. In the inter-bank market, the rupee almost traded in terms of the dollar for buying and selling at Rs 104.85 and Rs 104

Published 06 Mar, 2017 12:00am

Cotton

Proposed FTA: Pakistan, Turkey still struggle to reach deal

Pakistan is reportedly unconvinced with the offer of Turkey to include items of Pakistan interest in the proposed Free Trade Agreement (FTA), well-informed sources told Business Recorder. Both countries have discussed the proposed FTA at the level of thei

Published 06 Mar, 2017 12:00am

Cotton

Proposed FTA: Pakistan, Turkey still struggle to reach deal

Pakistan is reportedly unconvinced with the offer of Turkey to include items of Pakistan interest in the proposed Free Trade Agreement (FTA), well-informed sources told Business Recorder. Both countries have discussed the proposed FTA at the level of thei

Published 06 Mar, 2017 12:00am

Cotton

Proposed FTA: Pakistan, Turkey still struggle to reach deal

Pakistan is reportedly unconvinced with the offer of Turkey to include items of Pakistan interest in the proposed Free Trade Agreement (FTA), well-informed sources told Business Recorder. Both countries have discussed the proposed FTA at the level of thei

Published 06 Mar, 2017 12:00am

Time-barred ST refunds: FBR order set aside

The Lahore High Court (LHC) has set aside the Federal Board of Revenue (FBR) order which rejected the taxpayer's application seeking condonation of time limitation to claim time-barred sales tax refunds. It is reliably learnt that LHC has turned down the

Published 06 Mar, 2017 12:00am

Time-barred ST refunds: FBR order set aside

The Lahore High Court (LHC) has set aside the Federal Board of Revenue (FBR) order which rejected the taxpayer's application seeking condonation of time limitation to claim time-barred sales tax refunds. It is reliably learnt that LHC has turned down the

Published 06 Mar, 2017 12:00am

Time-barred ST refunds: FBR order set aside

The Lahore High Court (LHC) has set aside the Federal Board of Revenue (FBR) order which rejected the taxpayer''s application seeking condonation of time limitation to claim time-barred sales tax refunds. It is reliably learnt that LHC has turned down the

Published 06 Mar, 2017 12:00am

China cuts growth goal

China has cut its growth target this year as the world's second-largest economy pushes through painful reforms to address a rapid build-up in debt, and erects a "firewall" against financial risks. China aims to expand its economy by around 6.5 percent, Pr

Published 06 Mar, 2017 12:00am

China cuts growth goal

China has cut its growth target this year as the world's second-largest economy pushes through painful reforms to address a rapid build-up in debt, and erects a "firewall" against financial risks. China aims to expand its economy by around 6.5 percent, Pr

Published 06 Mar, 2017 12:00am

China cuts growth goal

China has cut its growth target this year as the world''s second-largest economy pushes through painful reforms to address a rapid build-up in debt, and erects a "firewall" against financial risks. China aims to expand its economy by around 6.5 percent, P

Published 06 Mar, 2017 12:00am

Mixed trend witnessed

Pakistan Stock Exchange witnessed a mixed trend during the outgoing week ended on March 3, 2017. However, healthy buying during last two days of the week supported the KSE-100 index to close in positive at 49,623.81 points, with net gain of 615.81 points

Published 06 Mar, 2017 12:00am

Mixed trend witnessed

Pakistan Stock Exchange witnessed a mixed trend during the outgoing week ended on March 3, 2017. However, healthy buying during last two days of the week supported the KSE-100 index to close in positive at 49,623.81 points, with net gain of 615.81 points

Published 06 Mar, 2017 12:00am

Mixed trend witnessed

Pakistan Stock Exchange witnessed a mixed trend during the outgoing week ended on March 3, 2017. However, healthy buying during last two days of the week supported the KSE-100 index to close in positive at 49,623.81 points, with net gain of 615.81 points

Published 06 Mar, 2017 12:00am

Futures spread down by 504 basis points

The futures spread declined by 504bps to 6.64 percent during the outgoing week ended March 3, 2017. Trading activities on the futures counter remained thin as average daily trading volumes decreased by 62.9 percent to 47.91 million shares.

Published 06 Mar, 2017 12:00am

Futures spread down by 504 basis points

The futures spread declined by 504bps to 6.64 percent during the outgoing week ended March 3, 2017. Trading activities on the futures counter remained thin as average daily trading volumes decreased by 62.9 percent to 47.91 million shares.

Published 06 Mar, 2017 12:00am

Futures spread down by 504 basis points

The futures spread declined by 504bps to 6.64 percent during the outgoing week ended March 3, 2017. Trading activities on the futures counter remained thin as average daily trading volumes decreased by 62.9 percent to 47.91 million shares.

Published 06 Mar, 2017 12:00am

Futures spread down by 504 basis points

The futures spread declined by 504bps to 6.64 percent during the outgoing week ended March 3, 2017. Trading activities on the futures counter remained thin as average daily trading volumes decreased by 62.9 percent to 47.91 million shares.

Published 06 Mar, 2017 12:00am

Erdogan likens Germany's blocking rallies to Nazis

Turkish President Recep Tayyip Erdogan lashed out at Germany on Sunday for blocking rallies in support of him ahead of an April vote on boosting his powers, likening it to Nazi practices. The attack came a day after German Chancellor Angela Merkel called

Published 06 Mar, 2017 12:00am

Iran, Azerbaijan to join railways as part of freight route

Iran and neighbouring Azerbaijan agreed on Sunday to work towards completing their portion of a planned freight railway route from Europe to South Asia, Iranian state media reported. After talks between Iranian President Hassan Rouhani and his Azeri count

Published 06 Mar, 2017 12:00am

Iran sees progress in Hajj talks

Iran said on Sunday there had been progress in talks with Saudi Arabia on allowing citizens of the Islamic republic to join this year's hajj pilgrimage, despite some remaining issues. Iranians were barred from attending last year's Hajj after the two coun

Published 06 Mar, 2017 12:00am

Late Hamida Khuhro's political and literary services eulogised

Literary personalities and dignitaries paid rich tribute to noted historian and former Sindh education minister, late Dr Hamida Khuhro, for her innovative literary services in the province saying Sindh has lost one of its great historian and educationist

Published 06 Mar, 2017 12:00am

Peshawar Zalmi win PSL championship

The Peshawar Zalmi thrashed the Quetta Gladiators by 58 runs in the Pakistan Super League-II (PSL-II) 2017 final here at Qaddafi Stadium on Sunday. Batting first, Peshawar Zalmi scored 148/6 in allotted 20 overs. In reply Quetta Gladiators were all out at

Published 06 Mar, 2017 12:00am

Peshawar Zalmi win PSL championship

The Peshawar Zalmi thrashed the Quetta Gladiators by 58 runs in the Pakistan Super League-II (PSL-II) 2017 final here at Qaddafi Stadium on Sunday. Batting first, Peshawar Zalmi scored 148/6 in allotted 20 overs. In reply Quetta Gladiators were all out at

Published 06 Mar, 2017 12:00am

Additional quantity: Industry seeks to export sugar

The domestic sugar industry has sought permission to export additional quantity of 0.5 million tons of sugar without any rebate to avert default in payments to growers and dispose of surplus commodity at attractive prices in the international market, sour

Published 06 Mar, 2017 12:00am

Additional quantity: Industry seeks to export sugar

The domestic sugar industry has sought permission to export additional quantity of 0.5 million tons of sugar without any rebate to avert default in payments to growers and dispose of surplus commodity at attractive prices in the international market, sour

Published 06 Mar, 2017 12:00am

Additional quantity: Industry seeks to export sugar

The domestic sugar industry has sought permission to export additional quantity of 0.5 million tons of sugar without any rebate to avert default in payments to growers and dispose of surplus commodity at attractive prices in the international market, sour

Published 06 Mar, 2017 12:00am

Malaysia expels North Korea ambassador over Kim murder

Malaysia expelled North Korea's ambassador Saturday, giving him 48 hours to leave the country as a diplomatic row deepened over the assassination of the half-brother of Pyongyang's leader. Kim Jong-Nam, 45, was poisoned on February 13 at Kuala Lumpur Inte

Published 06 Mar, 2017 12:00am

Malaysia expels North Korea ambassador over Kim murder

Malaysia expelled North Korea's ambassador Saturday, giving him 48 hours to leave the country as a diplomatic row deepened over the assassination of the half-brother of Pyongyang's leader. Kim Jong-Nam, 45, was poisoned on February 13 at Kuala Lumpur Inte

Published 06 Mar, 2017 12:00am

Separate emergency departments planned for teaching hospitals

Separate Emergency Department would be established in the teaching hospitals of Punjab on the pattern of Turkish Emergency Model. For this purpose, the posts of Professor of Emergency, Associate Professor Emergency and other vacancies would be created wit

Published 06 Mar, 2017 12:00am

Prices of daily use items show mixed trend

Prices of daily use items including pulses, vegetable, chicken, eggs, sugar, flour have witnessed a mixed trend during the past week as compared to the preceding week, reveals a survey carried out by Business Recorder here on Sunday.

Published 06 Mar, 2017 12:00am

Unplanned development creating problems: experts

Unplanned and fast urban development with poor housing structure came under discussion among the leading experts in Hyderabad on Saturday, which raised the question about the conversion of fertile land for commercial purposes that may contribute in food i

Published 06 Mar, 2017 12:00am

Book on Bangladesh's creation to be discussed today

Speakers will discuss recently published book "Creation of Bangladesh: Myths Exploded" at a seminar in Islamabad on Monday. The panel discussion will take a broader look at the 1971's Human Tragedy & the Politics of Narrative shaping in South Asia. This b

Published 06 Mar, 2017 12:00am

PTDC to organise Buddha Heritage show in Thailand

Pakistan Tourism Development Corporation (PTDC) is planning to organise a Buddha Heritage exhibition in Thailand. Talking to APP, Managing Director PTDC Chaudhry Abdul Ghafoor said that the exhibition would be organised with an aim to highlight the Buddhi

Published 06 Mar, 2017 12:00am

Malik says he never met Ayyan Ali

Former Interior Minister Senator Rehman Malik has on Saturday said that he or his brother never met the model Ayyan Ali. He said that he would quit politics if Ayyan Ali said on oath that she ever met him or his brother.

Published 06 Mar, 2017 12:00am

Shujaat, Zardari discuss political situation

Head of Pakistan Muslim League-Q, Chaudhry Shujaat Hussain called on former President Asif Ali Zardari at Zardari House Islamabad on Sunday. Both leaders discussed country's political situation in detail. Former Deputy Speaker National Assembly Haji Nawaz

Published 06 Mar, 2017 12:00am

Inspector martyred, four terrorists held

A police inspector was martyred while a deputy superintendent of police was injured during an encounter between the counter-terrorism department (CTD) personnel and terrorists in Sahiwal on Saturday night.

Published 06 Mar, 2017 12:00am

Contaminated water: PTI leader urges LG minister to resign

Pakistan Tehreek-e-Insaf (PTI) PS-112 MPA Khurrum Sherzaman demands the resignation of Sindh Local Government Minister over the recent news that the water supply in 13 districts of Sindh is unfit for human consumption.

Published 06 Mar, 2017 12:00am

Commissioners asked to gear up anti-encroachment drive

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has directed the divisional commissioners to gear up anti-encroachment drive in their respective divisions adding that removal of encroachment in cities along roads and public properties is one of the top p

Published 06 Mar, 2017 12:00am

Khattak for early completion of power projects

Chief Minister of Khyber Pakhtunkhwa Pervez Khattak has directed to complete the power generation projects in the province in a minimum possible time and provision of electricity to the flood affected areas in Chitral.

Published 06 Mar, 2017 12:00am

Jirga demands accountability in uplift projects

Deploring the alleged corruption in development projects, the Mehsud tribal Jirga on Sunday demanded of the Governor Khyber Pakhtunkhwa to ensure accountability and transparency in the development projects to curb the menace of corruption. Mehsud tribal e

Published 06 Mar, 2017 12:00am

British envoy announces winners of UK Alumni Awards

Thomas Drew, the British High Commissioner to Pakistan has announced the winners of UK Alumni Awards 2017 here at a gala award ceremony. Umar Saif was awarded the Professional Achievement Award; Ahmed Daniyal Siddiqui was awarded the Entrepreneurial achie

Published 06 Mar, 2017 12:00am

3D mineral survey planned in Sindh, Balochistan

The Geological Survey of Pakistan (GSP) is expected to launch a 3D mineral survey in potential areas of Sindh and Balochistan to assess metallic mineral reserves of iron, copper, gold, silver, molybdenum. The survey will likely cost around Rs 663 million.

Published 06 Mar, 2017 12:00am

Senate, NA to meet today

The Senate and National Assembly sessions will start at the Parliament House in Islamabad on Monday. The Senate will resume its session at three in the afternoon after two-day break. The 40th session of the National Assembly will start at four in the afte

Published 06 Mar, 2017 12:00am

Netanyahu says will not allow street to be named for Arafat

Prime Minister Benjamin Netanyahu vowed Sunday not to allow a street in an Arab Israeli town to be named after late Palestinian leader Yasser Arafat - promising new legislation if needed.

Published 06 Mar, 2017 12:00am

Sri Lanka rejects UN call for foreign judges in war probe

Sri Lankan President Maithripala Sirisena has rejected a fresh appeal from the United Nations to allow international judges to investigate alleged war-era atrocities, vowing to not prosecute soldiers.

Published 06 Mar, 2017 12:00am

US co-operation needed as asylum seekers flow into Canada: minister

As greater numbers of refugees flow from the United States into Canada by land, US-pledged co-operation has become essential, Canada's public safety minister said Saturday.

Published 06 Mar, 2017 12:00am

Powerful aftershock hits Philippine city

One person was killed and 41 injured on Sunday when a powerful aftershock hit a southern Philippine city still recovering from a quake last month, authorities said The 5.9-magnitude quake struck the southern city of Surigao and surrounding areas, causing

Published 06 Mar, 2017 12:00am

China's premier rules out Taiwan, Hong Kong independence

China will firmly oppose Taiwan "separatism", Premier Li Keqiang declared Sunday, following tension with US President Donald Trump over the island, and said Hong Kong independence moves would "lead nowhere".

Published 06 Mar, 2017 12:00am

Thousands flee anti-IS offensives in Iraq and Syria

Tens of thousands of civilians have fled offensives against the Islamic State group in Iraq and Syria, where the jihadists are battling to keep what remains of their territory, the UN said Sunday. IS overran large areas of both countries in 2014, declarin

Published 06 Mar, 2017 12:00am

In day of pro-Trump rallies, California march turns violent

Supporters at a Saturday rally in favour of President Donald Trump clashed with counter-protesters in the famously left-leaning city of Berkeley, California, in what appeared to be the only episode of violence around several pro-Trump events across the co

Published 06 Mar, 2017 12:00am

Thai king strips wanted monk of his rank

The former Buddhist abbot at the heart of a stand-off with authorities at Thailand's biggest temple has been stripped of his monastic rank by the king, the military government said on Sunday. The symbolic step comes more than two weeks after police surrou

Published 06 Mar, 2017 12:00am

Wall Street week ahead: investors bet Trump-fuelled tech rally far from over

Technology companies have been a driving force behind the US stock market's recent record rally, and despite mounting evidence of stretched valuations the sector remains a top pick for investors expecting a wave of capital expenditures by US corporations.

Published 06 Mar, 2017 12:00am

Currency

Rand rally seen losing steam

South Africa's rand rally is probably on its last legs as positive emerging market sentiment fades and contentious issues in local politics come to the fore, a Reuters poll found on Thursday. The start of South Africa's credit ratings reviews next month,

Published 06 Mar, 2017 12:00am

As Wall Street surges, more are worried about valuation

The US stock market's surge since the election has reignited a debate on valuation and whether the market can go higher still after hitting some significant milestones. The Dow on Wednesday soared above 21,000 points for the first time following President

Published 06 Mar, 2017 12:00am

Currency

Global funds trim stocks, wary on French elections

Global investors trimmed their equities exposure in February, with many arguing that markets had become too complacent about risks stemming from Europe's election calendar after a recent blistering stock market rally.

Published 06 Mar, 2017 12:00am

Currency

Global funds trim stocks, wary on French elections

Global investors trimmed their equities exposure in February, with many arguing that markets had become too complacent about risks stemming from Europe's election calendar after a recent blistering stock market rally.

Published 06 Mar, 2017 12:00am

US energy stocks, darlings last year, stumble in 2017

The energy sector is the stock market's dud so far in 2017 after a banner performance in 2016, and the rest of the year may also be rocky for investors due to the unclear path for crude oil prices.

Published 06 Mar, 2017 12:00am

Flu drugs not harmful for unborn babies: study

Unborn children suffer no harm when their mothers take flu medication during pregnancy, a study of some 700,000 women said on Wednesday. It was the largest study ever to assess the potential risks of taking oseltamivir or zanamivir (better known as Tamifl

Published 06 Mar, 2017 12:00am

Google rolls out AI tool to combat online trolls

Google on February 24 said it will begin offering media groups an artificial intelligence tool designed to stamp out incendiary comments on their websites. The programming tool, called Perspective, aims to assist editors trying to moderate discussions by

Published 06 Mar, 2017 12:00am

NTT Communications expands DDoS protection services

NTT Communications Corporation, the global data and IP services arm of Fortune Global 500 telecom leader NTT, announced February 28 that it is expanding its Distributed Denial of Service Protection Services (DPS). The expanded suite of services will enabl

Published 06 Mar, 2017 12:00am

Currency

THE RUPEE: steadier trend

Firmness persisted on the money market as the rupee held its present levels versus the dollar during the week, ended on March 04, 2017. In the inter-bank market, the rupee almost traded in terms of the dollar for buying and selling at Rs 104.85 and Rs 104

Published 06 Mar, 2017 12:00am

Number of phone users to cross five billion by mid-2017

The number of mobile phone users globally will surpass five billion by the middle of this year, according to a study released Monday by GSMA, the association of mobile operators. With populations in Asia, and notably India, on the rise, the number, which

Published 06 Mar, 2017 12:00am

Currency

THE RUPEE: steadier trend

Firmness persisted on the money market as the rupee held its present levels versus the dollar during the week, ended on March 04, 2017. In the inter-bank market, the rupee almost traded in terms of the dollar for buying and selling at Rs 104.85 and Rs 104

Published 06 Mar, 2017 12:00am

Latest GSMA report highlights success of 'Mobile Money' with over half a billion accounts world-wide

The GSMA February 28 unveiled its sixth 'State of the Industry Report on Mobile Money', offering a current snapshot of the mobile money landscape and highlighting the impact of mobile money on lives, economies and innovation over the past 10 years.

Published 06 Mar, 2017 12:00am

Cotton

Proposed FTA: Pakistan, Turkey still struggle to reach deal

Pakistan is reportedly unconvinced with the offer of Turkey to include items of Pakistan interest in the proposed Free Trade Agreement (FTA), well-informed sources told Business Recorder. Both countries have discussed the proposed FTA at the level of thei

Published 06 Mar, 2017 12:00am

Dumbphones survive in emerging markets

Dumbphones - handsets that just make calls and send texts - were set to disappear as technology moved on, but they have survived in emerging markets and among nostalgics of simpler devices in the West. Their continued appeal was underscored on Sunday in B

Published 06 Mar, 2017 12:00am

Cotton

Proposed FTA: Pakistan, Turkey still struggle to reach deal

Pakistan is reportedly unconvinced with the offer of Turkey to include items of Pakistan interest in the proposed Free Trade Agreement (FTA), well-informed sources told Business Recorder. Both countries have discussed the proposed FTA at the level of thei

Published 06 Mar, 2017 12:00am

Wearable gadgets seek permanent place in users' lives

Consumers are snapping up fitness trackers, smartwatches and other connected wearable gadgets - but huge numbers wind up in drawers unused after just a few months once the novelty wears off. "Abandonment has been a big problem with wearable products," sai

Published 06 Mar, 2017 12:00am

Cotton

Proposed FTA: Pakistan, Turkey still struggle to reach deal

Pakistan is reportedly unconvinced with the offer of Turkey to include items of Pakistan interest in the proposed Free Trade Agreement (FTA), well-informed sources told Business Recorder. Both countries have discussed the proposed FTA at the level of thei

Published 06 Mar, 2017 12:00am

Birth defects jump 20 times in Zika-hit mothers: study

Pregnant women infected with the Zika virus last year were 20 times more likely to bear children with birth defects than those who gave birth prior to the epidemic, US health officials said on Thursday.

Published 06 Mar, 2017 12:00am

Time-barred ST refunds: FBR order set aside

The Lahore High Court (LHC) has set aside the Federal Board of Revenue (FBR) order which rejected the taxpayer's application seeking condonation of time limitation to claim time-barred sales tax refunds. It is reliably learnt that LHC has turned down the

Published 06 Mar, 2017 12:00am

'Chance of El Nino at 50 percent in 2017'

The chance of an El Nino in 2017 has increased in the last two weeks, the Australian Bureau of Meteorology (BOM) said on Tuesday, indicating a 50 percent chance the weather event resurfaces over the next six months. The BOM said the eastern Pacific Ocean

Published 06 Mar, 2017 12:00am

Time-barred ST refunds: FBR order set aside

The Lahore High Court (LHC) has set aside the Federal Board of Revenue (FBR) order which rejected the taxpayer's application seeking condonation of time limitation to claim time-barred sales tax refunds. It is reliably learnt that LHC has turned down the

Published 06 Mar, 2017 12:00am

Dying of hunger: What is a famine?

From ancient Rome to modern times, mankind has suffered devastating periods of hunger caused by drought, war or misguided politics. Last week South Sudan was declared the site of the world's first famine in six years, affecting about 100,000 people. Here

Published 06 Mar, 2017 12:00am

Time-barred ST refunds: FBR order set aside

The Lahore High Court (LHC) has set aside the Federal Board of Revenue (FBR) order which rejected the taxpayer''s application seeking condonation of time limitation to claim time-barred sales tax refunds. It is reliably learnt that LHC has turned down the

Published 06 Mar, 2017 12:00am

New research may boost availability of organs for transplant

A new scientific advance could boost the number of donated organs available for transplant, and possibly reduce a critical shortage that leads to thousands of deaths each year, researchers said on Wednesday.

Published 06 Mar, 2017 12:00am

China cuts growth goal

China has cut its growth target this year as the world's second-largest economy pushes through painful reforms to address a rapid build-up in debt, and erects a "firewall" against financial risks. China aims to expand its economy by around 6.5 percent, Pr

Published 06 Mar, 2017 12:00am

Futures spread down by 504 basis points

The futures spread declined by 504bps to 6.64 percent during the outgoing week ended March 3, 2017. Trading activities on the futures counter remained thin as average daily trading volumes decreased by 62.9 percent to 47.91 million shares.

Published 06 Mar, 2017 12:00am

Futures spread down by 504 basis points

The futures spread declined by 504bps to 6.64 percent during the outgoing week ended March 3, 2017. Trading activities on the futures counter remained thin as average daily trading volumes decreased by 62.9 percent to 47.91 million shares.

Published 06 Mar, 2017 12:00am

Currency	Rate
USD PKR Interbank Selling / Mar 28	281.85
USD PKR Interbank Buying / Mar 28	279.71
USD to Japanese Yen / Mar 28	149.88
USD to Swiss Franc / Mar 28	0.88
Pound Sterling to USD / Mar 28	1.29
Euro to USD / Mar 28	1.08
UK LIBOR % / Mar 27	4.96

Stock	Volume
S&P 500 / Mar 28	5,580.94
India Sensex / Mar 28	77,414.92
Tokyo Nikkei / Mar 28	37,120.33
Nasdaq / Mar 28	17,322.99
Hang Seng / Mar 28	23,426.60
FTSE 100 / Mar 28	8,658.85
Dow Jones / Mar 28	41,583.90
Germany DAX 30 / Mar 28	22,461.52
France CAC40 / Mar 28	7,916.08

Item	Value
Gold 10 Grams PKR / Mar 27	275,205
Crude Oil USD/Barrel / Mar 28	69.10
Karachi Cotton PKR/37.32 KG / Mar 28	17,085
Gold Spot USD/Ounce / Mar 28	3,117.20
Cotton US¢/pound / Mar 28	66.90
Petrol/Litre / Mar 29	255.63
Diesel/Litre / Mar 29	258.64

Stock	Price
Mughal Iron & Steel (R) / Mar 27 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	4.01 ▲ 1 (33.22%)
Parmount Sp. / Mar 27 Paramount Spinning Mills Limited(PASM)	4.10 ▲ 0.59 (16.81%)
Shaheen Ins. / Mar 27 Shaheen Insurance Company Limited(SHNI)	7.50 ▲ 0.97 (14.85%)
Popular Islamic / Mar 27 Popular Islamic Modaraba(PIM)	15.02 ▲ 1.37 (10.04%)
Diamond Ind. / Mar 27 Diamond Industries Limited(DIIL)	33.83 ▲ 3.08 (10.02%)
Sardar Chemical / Mar 27 Sardar Chemical Industries Limited(SARC)	35.95 ▲ 3.27 (10.01%)
J.K.Spinning / Mar 27 J.K. Spinning Mills Limited(JKSM)	69.58 ▲ 6.33 (10.01%)
Data Agro / Mar 27 Data Agro Limited(DAAG)	106.28 ▲ 9.66 (10%)
Leiner Pak Gelat / Mar 27 Leiner Pak Gelatine Limited(LPGL)	121.88 ▲ 11.08 (10%)
Allawasaya Tex / Mar 27 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,429.95 ▲ 130 (10%)

Stock	Price
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	11.60 ▼ -98.09 (-89.42%)
Elahi Cot. / Mar 27 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Khalid Siraj / Mar 27 Khalid Siraj Textile Mills Limited(KSTM)	8.03 ▼ -0.87 (-9.78%)
PIA Holding Co.B / Mar 27 PIA Holding Company Limited B(PIAHCLB)	874.01 ▼ -93.68 (-9.68%)
Saritow Spinning / Mar 27 Saritow Spinning Mills Limited(SSML)	18.90 ▼ -1.75 (-8.47%)
Cordoba Logistics / Mar 27 Cordoba Logistics & Ventures Limited(CLVL)	12.61 ▼ -1.15 (-8.36%)
Sally Textile / Mar 27 Sally Textile Mills Limited(SLYT)	11.01 ▼ -0.99 (-8.25%)
Masood Textile / Mar 27 Masood Textile Mills Limited(MSOT)	49.06 ▼ -4.27 (-8.01%)
Universal Ins. / Mar 27 The Universal Insurance Company Limited(UVIC)	9.57 ▼ -0.73 (-7.09%)
Al-Khair Gadoon / Mar 27 Al-Khair Gadoon Limited(AKGL)	42 ▼ -3.1 (-6.87%)

Stock	Volume
Cnergyico PK / Mar 27 Cnergyico PK Limited(CNERGY)	45,325,056 ▲ 0.31
Pak Elektron / Mar 27 Pak Elektron Limited(PAEL)	29,179,304 ▲ 0.67
P.S.O. / Mar 27 Pakistan State Oil Company Limited(PSO)	26,879,128 ▲ 1.58
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	20,499,919 ▼ -98.09
WorldCall Telecom / Mar 27 Worldcall Telecom Limited(WTL)	16,191,931 ▼ -0.03
B.O.Punjab / Mar 27 The Bank of Punjab(BOP)	16,148,304 ▼ -0.2
Pak Petroleum / Mar 27 Pakistan Petroleum Limited(PPL)	15,934,134 ▼ -1.85
Engro Fert. / Mar 27 Engro Fertilizers Limited(EFERT)	14,419,464 ▲ 0.5
Fauji Cement / Mar 27 Fauji Cement Company Limited(FCCL)	14,194,696 ▲ 0.53
Maple Leaf Cement / Mar 27 Maple Leaf Cement Factory Limited(MLCF)	11,282,647 ▲ 0.09

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