News Archives for Print - 2017-03-09 - Business Recorder

AGL 38.25 ▼ -0.01 (-0.03%)

AIRLINK 138.97 ▼ -2.03 (-1.44%)

BOP 5.45 ▲ 0.01 (0.18%)

CNERGY 3.79 ▼ -0.05 (-1.3%)

DCL 7.57 ▼ -0.03 (-0.39%)

DFML 46.15 ▼ -0.04 (-0.09%)

DGKC 78.11 ▲ 0.61 (0.79%)

FCCL 29.10 ▼ -0.18 (-0.61%)

FFBL 57.10 ▲ 0.60 (1.06%)

FFL 8.70 ▲ 0.10 (1.16%)

HUBC 101.82 ▲ 3.13 (3.17%)

HUMNL 14.25 ▲ 0.15 (1.06%)

KEL 3.82 ▼ -0.01 (-0.26%)

KOSM 7.40 ▲ 0.01 (0.14%)

MLCF 38.35 ▲ 1.65 (4.5%)

NBP 69.50 ▲ 0.60 (0.87%)

OGDC 170.02 ▲ 0.52 (0.31%)

PAEL 25.65 ▲ 0.25 (0.98%)

PIBTL 6.60 ▲ 0.04 (0.61%)

PPL 133.58 ▲ 2.58 (1.97%)

PRL 25.00 ▼ -0.11 (-0.44%)

PTC 15.54 ▼ -0.10 (-0.64%)

SEARL 63.83 ▲ 5.83 (10.05%)

TELE 6.95 ▲ 0.05 (0.72%)

TOMCL 36.98 ▲ 1.74 (4.94%)

TPLP 7.70 ▼ -0.03 (-0.39%)

TREET 13.96 ▼ -0.14 (-0.99%)

TRG 44.97 ▲ 0.28 (0.63%)

UNITY 25.40 ▼ -0.01 (-0.04%)

WTL 1.22 ▲ 0.01 (0.83%)

BR100 9,205 53.2 (0.58%)

BR30 27,717 483.5 (1.78%)

KSE100 86,206 365.3 (0.43%)

KSE30 27,236 2 (0.01%)

اردو

Oct 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print - 2017-03-09

Bank of Israel under fire over decade-long currency intervention

Currency

Bank of Israel under fire over decade-long currency intervention

The Bank of Israel has a problem. After spending almost a decade and huge sums trying to curb the shekel, the currency is still rising relentlessly - to the dismay of the country's exporters. In 2008 the central bank began what was supposed to be a tempor

Published 09 Mar, 2017 12:00am

Kuwait turns Silk Road into a massive causeway

Kuwait turns Silk Road into a massive causeway

Kuwait is building one of the world's longest causeways to its remote north where it will pump billions into "Silk City", aiming to revive the ancient Silk Road trade route. The oil-rich emirate is eager to inject life into the uninhabited Subbiya region

Published 09 Mar, 2017 12:00am

Japan Q4 GDP revised up as capex rises at fastest in almost 3 years

Japan Q4 GDP revised up as capex rises at fastest in almost 3 years

Japan's economy grew more than earlier estimated in the fourth quarter as capital expenditure grew at its fastest in almost three years, welcome news for policymakers as they begin to discuss how to wind down years of massive stimulus. The economy grew an

Published 09 Mar, 2017 12:00am

China imports surge almost 40 percent

Currency

China imports surge almost 40 percent

China's imports surged almost 40 percent last month, data showed Wednesday, fuelled by higher commodity prices and strong domestic demand, bolstering hopes that the world's number two economy is getting back on track. Leaders will likely take heart from t

Published 09 Mar, 2017 12:00am

Greek farmers clash with police in tax protest

Greek farmers clash with police in tax protest

Greek farmers protesting higher taxes clashed with riot police firing tear gas in Athens on Wednesday, an AFP journalist said. Two people were detained after the windows of two police vans were smashed, a police source told AFP. Around 1,000 farmers, main

Published 09 Mar, 2017 12:00am

Britain owes EU $2.1 billion after China import fraud

Britain owes EU $2.1 billion after China import fraud

Britain owes the European Union budget two billion euros after turning a blind eye to a major scam by Chinese importers, the EU's fraud office said on Wednesday. "We recommended that the European Commission recovers the money from the United Kingdom," the

Published 09 Mar, 2017 12:00am

Rebound in German industry output eases growth concerns

Rebound in German industry output eases growth concerns

German industrial output rose more than expected in January, driven by strong demand for machinery, cars and other capital goods, suggesting Europe's biggest economy started into 2017 on a solid footing despite the threat of rising protectionism. The figu

Published 09 Mar, 2017 12:00am

Airbus pushes France into record trade deficit

Airbus pushes France into record trade deficit

France slipped into its biggest monthly trade deficit ever because of weak foreign sales by aircraft maker Airbus, a cornerstone of the country's exports, customs said Wednesday. Exports fell 7.7 percent in January from December and imports rose by 2.9 pe

Published 09 Mar, 2017 12:00am

US review finds deliberate tax fraud at Caterpillar

US review finds deliberate tax fraud at Caterpillar

A US government-commissioned review concluded Caterpillar intentionally committed tax and financial reporting fraud, the New York Times reported Wednesday. Federal agents last week raided the Illinois headquarters of the US industrial giant, which failed

Published 09 Mar, 2017 12:00am

US private employers boost hiring; productivity weak

US private employers boost hiring; productivity weak

Hiring by US private employers surged in February, suggesting that the economy remains on solid ground even as growth appears to have slowed further in the first quarter. The ADP National Employment Report showed on Wednesday that private payrolls grew by

Published 09 Mar, 2017 12:00am

Dubai outperforms in weak Gulf; Egypt climbs

Dubai outperforms in weak Gulf; Egypt climbs

Most Gulf stock markets were weak on Wednesday as another slide in Doha Bank pulled down Qatar, but Dubai rose on the back of gains in a few stocks. The Dubai index climbed 0.8 percent, bouncing from a 10-week low, although gaining stocks only marginally

Published 09 Mar, 2017 12:00am

Tokyo stocks fall

Currency

Tokyo stocks fall

Tokyo stocks fell Wednesday for the fourth straight session, as pharma firms slipped after US President Donald Trump's repeated warnings that he would move to bring down high drug prices. Trump said on social media that he was working on a system to boost

Published 09 Mar, 2017 12:00am

Wednesday's early trade: stocks choppy as data strengthens rate hike odds

Wednesday's early trade: stocks choppy as data strengthens rate hike odds

The S&P 500 and the Dow Jones Industrial Average swung between losses and gains on Wednesday after a strong private hiring report raised the odds of an interest rate hike next week, lifting bank stocks while dragging rate-sensitive sectors. The ADP Nation

Published 09 Mar, 2017 12:00am

Pharma, bank stocks pull Wall Street lower

Pharma, bank stocks pull Wall Street lower

US stock prices closed lower on Tuesday as weakness in drug and financial shares sent the S&P 500 and the Dow Jones Industrial Average to their first consecutive sessions of declines in more than a month. Pharmaceutical stocks came under pressure after US

Published 09 Mar, 2017 12:00am

Hong Kong stocks rise

Hong Kong stocks rise

Hong Kong shares extended gains for a third day on Wednesday, helped by strength in mainland property developers, as well as a jump in ZTE Corp after the Chinese telecom equipment maker agreed to plead guilty in a US sanctions case. The benchmark Hang Sen

Published 09 Mar, 2017 12:00am

US bond yields rise

US bond yields rise

US Treasury yields rose on Tuesday, with the 30-year yield at its highest level in over a month as skittishness that the Federal Reserve will raise interest rates next week led to a lackluster sale of $24 billion of three-year government notes. The Treasu

Published 09 Mar, 2017 12:00am

US bond yields rise

US bond yields rise

US Treasury yields rose on Tuesday, with the 30-year yield at its highest level in over a month as skittishness that the Federal Reserve will raise interest rates next week led to a lackluster sale of $24 billion of three-year government notes. The Treasu

Published 09 Mar, 2017 12:00am

Australian shares down; New Zealand flat

Australian shares down; New Zealand flat

Australian shares ended marginally lower on Wednesday as falls in iron ore prices the previous day and in China's February iron ore imports pulled miners down. The S&P/ASX 200 index, which rose the past two days, was off 0.03 percent, or 4.89 points, to e

Published 09 Mar, 2017 12:00am

Indian shares down

Indian shares down

Indian shares ended lower for a second consecutive session on Wednesday as caution prevailed ahead of state elections results, including that of the crucial northern state of Uttar Pradesh, and a US Federal Reserve policy meeting next week. The broader NS

Published 09 Mar, 2017 12:00am

Chinese stocks dip

Chinese stocks dip

China stocks edged lower on Wednesday, as small-caps pulled back amid lingering concerns over tighter liquidity. News that China unexpectedly posted a rare trade deficit in February, as imports surged far more than expected, did not have an impact on main

Published 09 Mar, 2017 12:00am

European shares inch higher, masking big moves from Adidas, EDF

European shares inch higher, masking big moves from Adidas, EDF

European shares rose on Wednesday, with results-driven gains from German sportswear company Adidas and British security company G4S partly offset by losses from EDF and Boskalis. The pan-European STOXX 600 index rose 0.1 percent, ending four straight days

Published 09 Mar, 2017 12:00am

Sri Lankan shares slip

Sri Lankan shares slip

Sri Lankan shares fell to their lowest close in one month on Wednesday, led by financial and telecommunication stocks as investor sentiment continued to remain low on concerns about rising interest rates. The Colombo stock index ended down 0.21 percent at

Published 09 Mar, 2017 12:00am

Southeast Asian stocks subdued

Southeast Asian stocks subdued

Southeast Asian stock markets were subdued on Wednesday as caution prevailed ahead of the US Federal Reserve's meeting next week where it is widely expected to raise interest rates. Investors are awaiting cues on the US economy along with the government's

Published 09 Mar, 2017 12:00am

FTSE steadies as budget lifts builders

FTSE steadies as budget lifts builders

UK shares steadied at the close on Wednesday as Britain's budget statement delivered few surprises, although builders got a small boost from reassuring comments on infrastructure spending. Finance minister Philip Hammond stood behind government plans to b

Published 09 Mar, 2017 12:00am

Dollar sags in Asia

Currency

Dollar sags in Asia

The dollar was a touch lower on Wednesday, its modest advance from the previous day bogging down as investors started to take a wait-and-see attitude ahead of Friday's US jobs report. The dollar last week hit a two-month high against a basket of currencie

Published 09 Mar, 2017 12:00am

Euro slips to five-day low in Europe

Currency

Euro slips to five-day low in Europe

The euro inched down to a five-day low on Wednesday, as investors eyed a meeting of the European Central Bank the next day that they expect will see policy kept loose despite rising inflationary pressures. Market players also had their eyes on US labour m

Published 09 Mar, 2017 12:00am

Early trade in New York: Dollar index hits five-day high

Currency

Early trade in New York: Dollar index hits five-day high

The dollar rose to its highest level in five days, just below a two-month peak on Wednesday as data on US private sector payrolls rose more than expected for February, increasing investor expectations of an increase to interest rates by the Federal Reserv

Published 09 Mar, 2017 12:00am

Dollar rises against basket of currencies in New York

Currency

Dollar rises against basket of currencies in New York

The dollar edged higher against a basket of currencies on Tuesday but remained below highs touched in December and January after two weeks of growing expectations that the Federal Reserve would raise US interest rates next week. Some analysts said the cur

Published 09 Mar, 2017 12:00am

Bangladesh's inter bank forex rates

Bangladesh's inter bank forex rates

Inter-bank buy/sell rates for the taka against the dollar on Wednesday. 79.50-79.50 (previous 79.49-79.49).

Published 09 Mar, 2017 12:00am

Sri Lankan rupee weakens

Currency

Sri Lankan rupee weakens

The Sri Lankan rupee ended weaker on Wednesday on importer dollar demand, dealers said, a day after the International Monetary Fund urged the country's central bank to rebuild foreign reserves while maintaining exchange rate flexibility. Following its sec

Published 09 Mar, 2017 12:00am

Asian currencies firmer

Currency

Asian currencies firmer

Most Asian currencies inched higher on Wednesday, as the dollar struggled to gain traction ahead of US jobs data due later in the week. The Singapore dollar and Taiwan dollar eked out gains, supported by strength in their equity markets. The Indonesian ru

Published 09 Mar, 2017 12:00am

China to keep yuan broadly stable

Currency

China to keep yuan broadly stable

China will maintain stability in its yuan currency while allowing more two-way fluctuation to reflect changes in supply and demand, the operator of its foreign exchange trading platform said on Wednesday. The comments from the China Foreign Exchange Trade

Published 09 Mar, 2017 12:00am

Sterling hits seven-week low

Currency

Sterling hits seven-week low

Sterling fell to a seven-week low on Wednesday ahead of a British budget expected to raise economic forecasts but remain thrifty as finance minister Philip Hammond targets curbing a big fiscal deficit. Hammond is due to announce his tax and spending plans

Published 09 Mar, 2017 12:00am

Kiwi tumbles, Aussie up

Currency

Kiwi tumbles, Aussie up

The New Zealand dollar tumbled to a two-month low on Wednesday after the latest dairy auction showed milk prices had suffered heavy losses, raising doubts about a recovery in the country's No 1 goods export. The New Zealand dollar fell for a sixth straigh

Published 09 Mar, 2017 12:00am

Chapecoense savor win on international return

Chapecoense savor win on international return

Brazilian football team Chapecoense on Wednesday promised more surprises after an emotional 2-1 victory in their first international match since a plane crash wiped out their squad. The side's new team, rebuilt with 22 new signings since last November's c

Published 09 Mar, 2017 12:00am

Australia defend Smith as 'cheat' row escalates

Australia defend Smith as 'cheat' row escalates

Australia's and India's cricket boards sprang to the defence of their respective captains Wednesday amid a spiralling war of words that soured the aftermath of the dramatic second Test. India's 75-run victory on Tuesday in Bangalore, after Australia crash

Published 09 Mar, 2017 12:00am

South Korea crash out of World Classic

South Korea crash out of World Classic

South Korea embarrassingly crashed out of the World Baseball Classic on Wednesday as the Netherlands joined rookies Israel in round two. South Korea, the co-hosts and 2009 finalists, had lost their two opening games in Pool A and their fate was sealed whe

Published 09 Mar, 2017 12:00am

Dwayne Smith smashes century off 31 balls

Dwayne Smith smashes century off 31 balls

Dwayne Smith smashed a whirlwind century off just 31 balls in Hong Kong's T20 Blitz on Wednesday, one of the fastest tons recorded in Twenty20 cricket. The 33-year-old West Indian, who retired from international cricket only last week, heaved 28 off the f

Published 09 Mar, 2017 12:00am

Serena out of Indian Wells, Miami

Serena out of Indian Wells, Miami

World number one Serena Williams has pulled out of upcoming WTA tournaments at Indian Wells and Miami because of a knee injury, organisers said on Tuesday. A statement issued by BNP Paribas Open organisers in California quoted Williams as saying she was w

Published 09 Mar, 2017 12:00am

PCB talent hunt camp begins at NCA

PCB talent hunt camp begins at NCA

In a bid to oversee the future talent of Pakistan's cricket, a three-day camp has been started here at National Cricket Academy (NCA). The national selection committee headed by Inzamam ul Haq has shortlisted as many as 39 players for the three-day camp.

Published 09 Mar, 2017 12:00am

Pacquiao-Khan fight off

Pacquiao-Khan fight off

A potentially money-spinning bout between Philippine boxing icon Manny Pacquiao and Britain's Amir Khan has collapsed, The Los Angeles Times reported on Tuesday. Pacquiao's long-time promoter Bob Arum told the newspaper that the proposed $38 million fight

Published 09 Mar, 2017 12:00am

Ramos, Morata strike as Real crush Napoli hopes

Ramos, Morata strike as Real crush Napoli hopes

Captain Sergio Ramos and Alvaro Morata struck one apiece as 11-time winners Real Madrid secured a seventh successive Champions League quarter-final berth with a clinical 3-1 win over a spirited Napoli on Tuesday. "We're happy to have won," said Real coach

Published 09 Mar, 2017 12:00am

Elgar's composed century rescues South Africa

Elgar's composed century rescues South Africa

An unbeaten hundred from Dean Elgar rescued South Africa from a grim start to take the honours on day one of the first Test against New Zealand on Wednesday. It was the opener's seventh Test century, and one of the most important, in a patient innings aft

Published 09 Mar, 2017 12:00am

Peshawar win overall U-23 Female Games trophy

Peshawar win overall U-23 Female Games trophy

Ayesha Abbas Khan was declared as best athlete of the ongoing Under-23 Female Games while District Peshawar clinched the overall trophy by securing 111 points on the second and last day here on Wednesday. In athletic Ayesha Khan of Peshawar claimed three

Published 09 Mar, 2017 12:00am

Sri Lanka take edge over Bangladesh

Sri Lanka take edge over Bangladesh

Bangladesh's Soumya Sarkar and Tamim Iqbal shared a century opening stand before Sri Lanka took two late wickets to tighten their grip on the first Test at Galle on Wednesday. The visitors were 133-2 at stumps on the second day and trailing by 361, after

Published 09 Mar, 2017 12:00am

'Angry' Australian summer weather smashes records

'Angry' Australian summer weather smashes records

Australia endured a summer of record-breaking extremes, scientists said Wednesday, with climate change tipped to increase the frequency and severity of such phenomena. Intense heatwaves, bushfires and flooding plagued the December-February summer season w

Published 09 Mar, 2017 12:00am

US needs better leadership: UN rights chief

US needs better leadership: UN rights chief

The UN human rights chief took aim at President Donald Trump on Wednesday, saying the United States needed better leadership to meet challenges like surging xenophobia and religious discrimination. In a keynote speech to the United Nations rights council'

Published 09 Mar, 2017 12:00am

Lebanon appoints new army chief

Lebanon appoints new army chief

Lebanon's cabinet Wednesday appointed a new army chief, General Joseph Aoun, ending a deadlock that twice forced an extension of the term of the military's sitting head. The appointment of the successor to General Jean Kahwaji is the first by Lebanon's ca

Published 09 Mar, 2017 12:00am

Video emerges of 'son' of assassinated Kim Jong-Nam

Video emerges of 'son' of assassinated Kim Jong-Nam

A video of a man describing himself as the son of assassinated North Korean exile Kim Jong-Nam emerged Wednesday, apparently the first time a family member has spoken about the killing. The video was uploaded to the YouTube page of a previously unknown gr

Published 09 Mar, 2017 12:00am

Trump declares his 'tremendous respect' for women

Trump declares his 'tremendous respect' for women

Donald Trump, whose presidential campaign was nearly derailed by sexual harassment charges and his boasts about groping women, tweeted Wednesday - International Women's Day - that he had "tremendous respect" for women. "I have tremendous respect for women

Published 09 Mar, 2017 12:00am

Shanghai copper falls

Shanghai copper falls

Shanghai Futures Exchange (ShFE) copper fell 1.1 percent to 47,140 yuan ($6,831) a tonne on Wednesday after upbeat Chinese trade data eclipsed an overall drop in the country's imports of refined metal. Earlier in the session, prices hit their lowest in a

Published 09 Mar, 2017 12:00am

Copper slides to one-month low, Chinese imports drop

Currency

Copper slides to one-month low, Chinese imports drop

Copper prices slipped on Wednesday to a one-month low on selling triggered by a higher dollar, lower imports of the metal by top consumer China and rising inventories. Benchmark copper on the London Metal Exchange was untraded at the close, but bid down 0

Published 09 Mar, 2017 12:00am

Kurds, Baghdad agree to keep Kirkuk crude flowing to Turkey

Kurds, Baghdad agree to keep Kirkuk crude flowing to Turkey

The Kurdish group that controls Iraq's Kirkuk oilfields has agreed with Baghdad to keep crude flowing from the region through a pipeline to a Turkish export terminal on the Mediterranean, a Kurdish official told Reuters on Wednesday. Kosrat Rasul said the

Published 09 Mar, 2017 12:00am

Rubber down

Rubber down

Benchmark Tokyo rubber futures slipped to the lowest in more than two months on Wednesday as Shanghai futures continued to decline amid concerns over rising inventories in the world's biggest rubber consumer. The Tokyo Commodity Exchange (TOCOM) rubber co

Published 09 Mar, 2017 12:00am

Rotterdam vegetable oil prices

Rotterdam vegetable oil prices

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

Published 09 Mar, 2017 12:00am

Rotterdam vegetable oil prices

Rotterdam vegetable oil prices

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

Published 09 Mar, 2017 12:00am

Malaysian palm oil rises

Malaysian palm oil rises

Malaysian palm oil futures rose on Wednesday, reversing earlier losses, after a leading analyst forecast higher prices in the near term. Benchmark palm oil futures for May delivery on the Bursa Malaysia Derivatives Exchange closed 0.6 percent higher at 2,

Published 09 Mar, 2017 12:00am

Raw sugar slips to 2017 low, arabica coffee also weakens

Raw sugar slips to 2017 low, arabica coffee also weakens

Raw sugar futures fell to a 2017 low on Wednesday with the market's recent slide given added impetus by a firmer US dollar while arabica coffee and cocoa prices also weakened. May raw sugar fell 0.14 cents or 0.8 percent to 18.26 cents a lb by 1500 GMT af

Published 09 Mar, 2017 12:00am

Gold plunges in New York

Gold plunges in New York

Gold hit the lowest level in more than four weeks on Tuesday as the dollar strengthened and expectations for a US interest rate hike this month weighed, though moves were muted ahead of US payroll data this week. The precious metal has fallen in five out

Published 09 Mar, 2017 12:00am

Gold up in Asia

Gold up in Asia

Gold prices inched up on Wednesday, but remained near four-week lows hit in the previous session as expectations for a US rate hike in March gathered momentum. Federal Reserve Chair Janet Yellen last week said the central bank was poised to lift benchmark

Published 09 Mar, 2017 12:00am

Gold slips in Europe

Gold slips in Europe

Gold prices hit a five-week low on Wednesday as the dollar gathered strength on the prospect of a US interest rate hike. Investors are awaiting February non-farm payrolls data on Friday as a barometer of the US economy after Federal Reserve Chair Janet Ye

Published 09 Mar, 2017 12:00am

Newmont keen on rest of Australia gold mine

Newmont keen on rest of Australia gold mine

Newmont Mining Corp is keen to buy the 50 percent of the Kalgoorlie gold mine in Western Australia it does not already own should a deal to sell the stake to another buyer fall through, Chief Executive Gary Goldberg said on Monday. "We're interested, yes,

Published 09 Mar, 2017 12:00am

Pakistan Education Statistics Report 2015-16 launched

Pakistan Education Statistics Report 2015-16 launched

Minister for Federal Education and Professional Training, Engnr Baligh-ur-Rehman formally launched Pakistan Education Statistics Report 2015-16 at a ceremony held here on Wednesday. Speaking at the launching ceremony of 24th consecutive edition, the minis

Published 09 Mar, 2017 12:00am

Controversial remarks against CJP: Facebook management refuses to provide info to FIA

Controversial remarks against CJP: Facebook management refuses to provide info to FIA

The management of Facebook has refused to provide necessary information to Federal Investigation Agency (FIA) with respect to release of a picture shared on social media, which made controversial remarks against Chief Justice of Pakistan, Mian Saqib Nisar

Published 09 Mar, 2017 12:00am

KAA DG debarred from holding public office

KAA DG debarred from holding public office

An accountability court on Wednesday disqualified former Director of Katchi Abadi Authority (KAA) and other officials for any public office for 10 years in a corruption case, by approving the plea bargain of the accused. The court heard a reference agains

Published 09 Mar, 2017 12:00am

Writers urged to build counter narrative to end terrorism

Writers urged to build counter narrative to end terrorism

President Mammon Hussain on Wednesday said that writers and poets should build a counter narrative to eliminate extremism and terrorism from the country. The President said this while in a meeting with members of Organising Committee of Alami Mushaira-201

Published 09 Mar, 2017 12:00am

Zardari opposes referendum in Fata

Zardari opposes referendum in Fata

Former President Asif Ali Zardari Wednesday said that his party is not in favor of referendum in Federally Administered Tribal Areas (FATA). While talking to media persons, Pakistan Peoples Party Parliamentarians (PPP-P) President Asif Ali Zardari said th

Published 09 Mar, 2017 12:00am

Government disburses Rs 301.7 billion agriculture credit during first half 2016-17

Government disburses Rs 301.7 billion agriculture credit during first half 2016-17

The government has disbursed Rs 301.7 billion agriculture credit during the first half of 2016-17 through various banks and financial institutions against the State Bank of Pakistan (SBP) set target of Rs 700 billion. According to an official document ava

Published 09 Mar, 2017 12:00am

Occupied lands: Supreme Court directs Punjab to deposit money in Sardar Kora Khan Trust account

Occupied lands: Supreme Court directs Punjab to deposit money in Sardar Kora Khan Trust account

The Supreme Court on Wednesday issued directives to the government of Punjab to initiate process for acquiring land of government offices built on the property of Sardar Kora Khan Trust in district Muzaffargarh and Jatoi areas and deposit the money in acc

Published 09 Mar, 2017 12:00am

Pakistan Telecommunication Company Limited

Pakistan Telecommunication Company Limited

Pakistan Telecomm-unication Company Limited (PSX: PTC) continues to dominate Pakistan's telecom landscape. PTC once used to be a state monopoly, but following the telecoms deregulation in 2003-04, the firm was brought under a private management. As the la

Published 09 Mar, 2017 12:00am

Pakistan Telecommunication Company Limited

Pakistan Telecommunication Company Limited

Pakistan Telecomm-unication Company Limited (PSX: PTC) continues to dominate Pakistan's telecom landscape. PTC once used to be a state monopoly, but following the telecoms deregulation in 2003-04, the firm was brought under a private management. As the la

Published 09 Mar, 2017 12:00am

Pension payment: LHC seeks reply from AG, finance department

Pension payment: LHC seeks reply from AG, finance department

The Lahore High Court (LHC) on Wednesday sought replies from the Accountant General Punjab and Finance department on a petition seeking contempt proceedings for not complying with court's orders regarding payment of pension. Muhammad Yousaf and others sai

Published 09 Mar, 2017 12:00am

Pension payment: LHC seeks reply from AG, finance department

Pension payment: LHC seeks reply from AG, finance department

The Lahore High Court (LHC) on Wednesday sought replies from the Accountant General Punjab and Finance department on a petition seeking contempt proceedings for not complying with court's orders regarding payment of pension. Muhammad Yousaf and others sai

Published 09 Mar, 2017 12:00am

Nestlé celebrates Women's Day

Nestlé celebrates Women's Day

Nestlé Pakistan celebrated International Women's Day here on Wednesday as an opportunity to recognise the accomplishments of the organisation's fast growing female workforce, as part of the company's commitment to meeting the UN's 5th Sustainability Devel

Published 09 Mar, 2017 12:00am

World Kidney Day today

World Kidney Day today

With the theme 'Kidney Disease & Obesity', World Kidney Day 2017 is being marked here on Thursday (today), like other parts of the world, with a resolve to raise awareness among people about healthy lifestyle by following good health practices so that bur

Published 09 Mar, 2017 12:00am

65 wheelchairs distributed among special women

65 wheelchairs distributed among special women

Multan Chamber of Commerce & Industry (MCCI) distributed 65 wheelchairs and tricycles among the special women on the occasion of World Women's Day, here on Wednesday. President MCCI, Khawaja Jalaluddin Roomi, Mehnaz Farid, Begum Zohra Sajjad Zaidi, Syed I

Published 09 Mar, 2017 12:00am

'Economic development of women top on SBP agenda'

'Economic development of women top on SBP agenda'

Mansoor H Siddiqui, Director State Bank of Pakistan (SBP) Wednesday said that SBP attaches immense importance to the economic development of women in order to achieve its goals of financial literacy and inclusion.

Published 09 Mar, 2017 12:00am

Historic measures taken for empowerment of women: Shahbaz

Historic measures taken for empowerment of women: Shahbaz

Punjab Chief Minister Shahbaz Sharif on Wednesday said the PML-N government under the leadership of Prime Minister Nawaz Sharif had taken historic measures for the empowerment of women and protection of their rights including inheritance rights. Speaking

Published 09 Mar, 2017 12:00am

Mock fire drill held for UHS students

Mock fire drill held for UHS students

A mock fire and evacuation drill involving staff and students of the University of Health Sciences (UHS) was conducted here on Wednesday by a team of Rescue 1122, to create awareness among the student community of fire fighting techniques and the ways to

Published 09 Mar, 2017 12:00am

Sargodha University maintains HEC rating

Sargodha University maintains HEC rating

The University of Sargodha has achieved all targets in the action plan of the Higher Education Commission (HEC) for 2015-2016, like previous two academic years since 2013. According to assessment results of 2015/16 announced by the HEC Quality Assurance A

Published 09 Mar, 2017 12:00am

DG social welfare visits Social Welfare Complex

DG social welfare visits Social Welfare Complex

Director General Social Welfare Waheed Akhtar Ansair Wednesday visited Model Children Home at Social Welfare Complex and reviewed the educational, food and other facilities for the inmate's orphan children. He took a round of children bedrooms, bathrooms,

Published 09 Mar, 2017 12:00am

ACCA celebrates International Women's Day 2017

ACCA celebrates International Women's Day 2017

ACCA (The Association of Chartered Certified Accountants) is proudly celebrating International Women's Day today, an annual celebration on 8 March of the social, economic, cultural and political achievements of women. ACCA's Chief Executive, Ms. Helen Bra

Published 09 Mar, 2017 12:00am

Rumpus over quorum in Punjab Assembly

Rumpus over quorum in Punjab Assembly

The session of Punjab Assembly on Wednesday witnessed a rumpus when the speaker and a Pakistan Tehreek-e-Insaf (PTI) leader had an exchange of hot words. PTI MPA Mian Aslam pointed out the quorum twice but the speaker insisted that the quorum was complete

Published 09 Mar, 2017 12:00am

'Chinese model of water purification system should be replicated'

'Chinese model of water purification system should be replicated'

"Chinese model of water purification system should be replicated in Pakistan to reduce possibility of water borne diseases, which are troubling Pakistan's economy up to $1.3 billion every year and are the biggest source of gastrointestinal infections."

Published 09 Mar, 2017 12:00am

Sunder Industrial Estates: Minister issues directives to ensure compensation to affectees

Sunder Industrial Estates: Minister issues directives to ensure compensation to affectees

Punjab Minister for Industries, Commerce and Investment (ICI) Sheikh Alauddin has directed the concerned departments to remove bottlenecks to ensure complete payment of compensation announced by the Chief Minister Punjab to the families affected by a buil

Published 09 Mar, 2017 12:00am

Thalassaemia: Ministry asked to prepare draft bill on premarital blood screening

Thalassaemia: Ministry asked to prepare draft bill on premarital blood screening

A parliamentary panel on Wednesday directed the Ministry of Law and Justice to prepare a draft bill on premarital blood screening for thalassaemia in three weeks. The committee was jointly chaired by Senator Muhammad Javed Abbasi and Senator Hafiz Hamdull

Published 09 Mar, 2017 12:00am

Thalassaemia: Ministry asked to prepare draft bill on premarital blood screening

Thalassaemia: Ministry asked to prepare draft bill on premarital blood screening

A parliamentary panel on Wednesday directed the Ministry of Law and Justice to prepare a draft bill on premarital blood screening for thalassaemia in three weeks. The committee was jointly chaired by Senator Muhammad Javed Abbasi and Senator Hafiz Hamdull

Published 09 Mar, 2017 12:00am

Textile package: It is too early to forecast full impact, FBR tells Senate body

Cotton

Textile package: It is too early to forecast full impact, FBR tells Senate body

The Federal Board of Revenue (FBR) has observed that it is too early to forecast the full impact of textile package on exports as announced by Prime Minister for textile sector in January 2017. According to the brief submitted by the FBR to the Senate Sta

Published 09 Mar, 2017 12:00am

Textile package: It is too early to forecast full impact, FBR tells Senate body

Cotton

Textile package: It is too early to forecast full impact, FBR tells Senate body

The Federal Board of Revenue (FBR) has observed that it is too early to forecast the full impact of textile package on exports as announced by Prime Minister for textile sector in January 2017. According to the brief submitted by the FBR to the Senate Sta

Published 09 Mar, 2017 12:00am

Cases against taxpayers: PRA acting on info obtained from FBR field offices

Cases against taxpayers: PRA acting on info obtained from FBR field offices

The Punjab Revenue Authority (PRA) field formations are making cases against taxpayers based on information obtained from the Federal Board of Revenue's field offices. Shahid Jami, the counsel who raised the legal issue and is representing the taxpayer, w

Published 09 Mar, 2017 12:00am

Javed Khattak assumes additional charge as GMOR SMEDA

Javed Khattak assumes additional charge as GMOR SMEDA

Provincial Chief of KP Small and Medium Enterprises Development Authority (SMEDA), Javed Iqbal Khattak has been given additional charge as General Manager Out-Reach (GMOR) in the Lahore headquarters of the authority. He has assumed charge of his additiona

Published 09 Mar, 2017 12:00am

Library Complex opens at Wah university

Library Complex opens at Wah university

Chairman POFs Board and Board of Governors, University of Wah, Lieutenant General Omar Mahmood Hayat, HI (M) inaugurated the newly constructed Library Complex at University of Wah. Vice Chancellor, Professor Khaliq Ur Rehman Shad, senior POF officials, se

Published 09 Mar, 2017 12:00am

Ogra arranges consultative session to bring down UFG

Ogra arranges consultative session to bring down UFG

Oil and Gas Regulatory Authority (Ogra) on Wednesday arranged a consultative session with the gas companies to bring down Unaccounted For Gas (UFG) as per international standard. The session was moderated by the registrar Ogra in the presence of Chairpers

Published 09 Mar, 2017 12:00am

Japan grants $94,184 to NGO for social development project

Japan grants $94,184 to NGO for social development project

The Government of Japan on Wednesday extended a grant of $94,184 to Pakistani non-governmental organisation (NGO), Bright Star, for implementation of the social development project for disadvantaged communities in the suburbs of Islamabad. The agreement f

Published 09 Mar, 2017 12:00am

PML-N leaders slam Imran's remarks against foreign players

PML-N leaders slam Imran's remarks against foreign players

Pakistan Muslim League-Nawaz (PML-N) leaders on Wednesday criticised Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan for his "inappropriate" remarks regarding foreign cricket players who participated in the final match of Pakistan Super League (PSL) in

Published 09 Mar, 2017 12:00am

Zardari condoles death of armymen

Zardari condoles death of armymen

Former President of Pakistan and President Pakistan Peoples Party Parliamentarians Asif Ali Zardari in a condolence message said that he was saddened and grieved by the news of martyrdom of Captain Junaid and Sepoy Amjad during an operation against terror

Published 09 Mar, 2017 12:00am

BoK earns record Rs two billion PAT in 2016

BoK earns record Rs two billion PAT in 2016

The Bank of Khyber (BoK) operational performance demonstrated record improvement in all areas for the year 2016. The Bank managed to post profit after tax of Rs 2.020 billion as against Rs 1.789 billion in the corresponding period last year which translat

Published 09 Mar, 2017 12:00am

BoK earns record Rs two billion PAT in 2016

BoK earns record Rs two billion PAT in 2016

The Bank of Khyber (BoK) operational performance demonstrated record improvement in all areas for the year 2016. The Bank managed to post profit after tax of Rs 2.020 billion as against Rs 1.789 billion in the corresponding period last year which translat

Published 09 Mar, 2017 12:00am

Efforts under way to bring women into mainstream of economy: Marriyum

Efforts under way to bring women into mainstream of economy: Marriyum

No country can make progress in the absence of women's participation and the current government is determined to bring maximum women into mainstream of national economy. Minister of State for Information and Broadcasting, Marriyum Aurangzeb said this whil

Published 09 Mar, 2017 12:00am

SECP asks SLIC to improve governance system

SECP asks SLIC to improve governance system

The Securities and Exchange Commission of Pakistan (SECP) has directed State Life Insurance Corporation of Pakistan and its directors to improve SLIC's governance system by putting appropriate internal control systems in order to avoid any lapses in futur

Published 09 Mar, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 16	277.93
USD PKR Interbank Buying / Oct 16	277.73
USD to Japanese Yen / Oct 16	149.30
USD to Swiss Franc / Oct 16	0.86
Pound Sterling to USD / Oct 16	1.31
Euro to USD / Oct 16	1.09

Stock	Volume
S&P 500 / Oct 15	5,815.26
Nasdaq / Oct 15	18,315.59
Dow Jones / Oct 15	42,740.42
India Sensex / Oct 16	81,711.88
Tokyo Nikkei / Oct 16	39,166.12
Hang Seng / Oct 16	20,380.75
FTSE 100 / Oct 16	8,315.68
Germany DAX 30 / Oct 16	19,442.06

Item	Value
Petrol/Litre / Oct 16	247.03
Crude Oil USD/Barrel / Oct 16	70.82
Karachi Cotton PKR/37.32 KG / Oct 16	18,085
Gold 10 Grams PKR / Oct 16	237,654
Gold Spot USD/Ounce / Oct 16	2,667.11
Diesel/Litre / Oct 16	251.29

Gainers
Losers
Leaders

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

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

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

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular

Today
Yesterday
Past 3 Days

‘Take and pay’ mode: Govt tailors four customised options for 18 IPPs

‘Take and pay’ mode: Govt tailors four customised options for 18 IPPs

NJLI Sarmaya Growth Fund Rates

No bilateral talks: Jaishankar’s visit centres only on SCO summit

No bilateral talks: Jaishankar’s visit centres only on SCO summit

Solar gains, grid pains

Solar gains, grid pains

SCO has potential to enhance regional peace, stability: PM Shehbaz addresses summit

SCO has potential to enhance regional peace, stability: PM Shehbaz addresses summit

SCO summit begins under tight security

SCO summit begins under tight security

Pakistan’s tech sector reaps huge returns at GITEX, Dubai: PSEB acting CEO

Pakistan’s tech sector reaps huge returns at GITEX, Dubai: PSEB acting CEO

IMF’s reputational risks

IMF’s reputational risks

ISMO: A game-changer for Pakistan’s electricity market?

ISMO: A game-changer for Pakistan’s electricity market?