News Archives for Print - 2017-03-24

The World Bank has revised down its growth forecast for Indonesia this year a touch, blaming global uncertainty and warning that rising inflation could crimp consumption in Southeast Asia's biggest economy. In a quarterly report released on Wednesday, the

Published 24 Mar, 2017 12:00am

Protectionism may raise, not cut, trade deficits: ECB

Protectionist trade policies may increase, rather than reduce, a country's trade deficit, the European Central Bank said in a study on Wednesday, just days after finance chiefs of the world's top 20 economies dropped their pledge for open trade. Seeking t

Published 24 Mar, 2017 12:00am

Currency

Saudi Arabia spends money to make money in foreign investment drive

A tour of Asia by Saudi Arabia's King Salman this month has advanced the kingdom's drive to attract foreign investment and diversify its economy beyond oil exports, but the strategy comes with an expensive price tag. In China, the Saudi king oversaw the s

Published 24 Mar, 2017 12:00am

German wages rise for third year in a row in 2016

German workers enjoyed a strong increase in wages for the third year in a row in 2016, official data showed Wednesday, in news likely to be welcomed by the European Central Bank. Real wage growth stood at 1.8 percent last year, the federal statistics auth

Published 24 Mar, 2017 12:00am

Citi says EU 'equivalence' regime no answer to Brexit banking question

British-based banks would be foolhardy to expect to retain access to European Union markets in return for sticking closely to the bloc's rules after Brexit, a senior banking official said on Wednesday. Banks in Britain can currently trade across the bloc'

Published 24 Mar, 2017 12:00am

Copper steady despite Escondida strike ending

Copper steadied on Thursday, but was still near one-week lows on news that operations at the world's top producing copper mine in Chile would resume. Workers at BHP Billiton's Escondida mine agreed to go back to work on Saturday, ending a 43-day stoppage.

Published 24 Mar, 2017 12:00am

Rubber rebounds

Benchmark Tokyo rubber futures rose on Thursday, bouncing back from previous session's near three-month low, as investors looked for bargains after a sharp fall in prices and as a recovery in global equities boosted risk appetite. "Investors bought back r

Published 24 Mar, 2017 12:00am

Rotterdam vegetable oil prices

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

Published 24 Mar, 2017 12:00am

Rotterdam vegetable oil prices

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

Published 24 Mar, 2017 12:00am

Palm oil charts sharpest daily drop in nearly two weeks

Malaysian palm oil futures on Thursday registered their sharpest daily fall in nearly two weeks, weighed down by weaker-performing related edible oils and a technical sell-off. Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives

Published 24 Mar, 2017 12:00am

Raw sugar edges away from 10-month low, coffee falls

Raw sugar futures on ICE were higher on Thursday, regaining some ground after a recent slide to a 10-month low while coffee and cocoa prices were slightly lower. May raw sugar was up 0.10 cents, or 0.6 percent, at 17.40 cents a lb at 1506 GMT. The front m

Published 24 Mar, 2017 12:00am

Gold climbs in New York

Gold climbed to a three-week high on Wednesday as the dollar fell to seven-week lows and bond yields sank on uncertainty over the economic policies of US President Donald Trump. Spot gold was up 0.4 percent at $1,249.98 an ounce by 2:43 pm EDT (1843 GMT),

Published 24 Mar, 2017 12:00am

Gold down in Asia

Gold prices on Thursday held below a 3-week peak hit the session before, with the dollar recovering from seven-week lows and markets waiting to see if US President Donald Trump can push through a healthcare bill. Spot gold was down 0.1 percent at $1,247.3

Published 24 Mar, 2017 12:00am

Gold barely changed in European trade

Gold was barely changed on Thursday, weighed down by a firmer dollar, while palladium hit its highest price in 22 months, helped by economic data. Spot gold was flat at $1,248.91 an ounce at 1339 GMT, retreating from an intraday peak of $1,253.12, its hig

Published 24 Mar, 2017 12:00am

US MIDDAY: soyabean, corn sink to new lows

US soyabean futures fell to a five-month low on Thursday and corn dropped to a 2-1/2 month low, pressured by plentiful global supplies amid bumper South American crops and expectations for large plantings in the United States. The actively traded May-deli

Published 24 Mar, 2017 12:00am

US MIDDAY: gold edges down

Gold slipped on Thursday as the dollar firmed, while palladium extended gains to hit a two-year high on economic data and demand from the automobile sector. Spot gold was down 0.3 percent at $1,245.26 an ounce by 2:21 pm EDT (1821 GMT), retreating from an

Published 24 Mar, 2017 12:00am

Currency

Taiwan unveils $29 billion stimulus amid uncertainty over US, China

Taiwan announced a T$882.4 billion ($29 billion) stimulus package on Thursday to boost its export-driven economy in the face of uncertainty from its two largest trading partners, the United States and China. Taiwan's trade-reliant economy is showing signs

Published 24 Mar, 2017 12:00am

Inflation fears take shine off German consumer morale

Consumers in Germany are more confident about the economy and keen to spend money, but concerned about the impact of inflation on their incomes, a closely-watched survey showed Thursday. Market research firm GfK's forward-looking consumer confidence readi

Published 24 Mar, 2017 12:00am

Li in Australia trade talks amid Trump fears

Australia urged China Thursday to press ahead with economic reforms as Premier Li Keqiang began a trade-focused visit amid growing fears of a US slide towards protectionism. China is Australia's largest trade partner and its economic importance has grown

Published 24 Mar, 2017 12:00am

American Airlines to buy stake in China carrier

American Airlines is in advanced talks to buy a $200 million stake in Asia's biggest airline China Southern, reports said Thursday, as it looks to get a shoe-in to the country's huge aviation market. The Texas-based company plans to take the stake in the

Published 24 Mar, 2017 12:00am

Gulf between rich and poor a risk, German report warns

A growing gap between rich and poor in Germany could sap social cohesion in Europe's largest economy and most populous country, a government report warned Thursday. "If the differences between poor and rich are felt to be too big in a society, and wealth

Published 24 Mar, 2017 12:00am

IMF to announce new date for Ukraine loan approval 'soon'

The International Monetary Fund said Thursday it will "soon" announce a new date to approve the next $1 billion loan payment for cash-strapped Ukraine after postponing the decision. The IMF delayed the board decision on the loan installment, which had bee

Published 24 Mar, 2017 12:00am

South Korea throws shipbuilder Daewoo new $6 billion lifeline

South Korea offered troubled Daewoo Shipbuilding & Marine Co a new $6 billion bailout on Thursday, as the giant firm's financial crisis worsens. Daewoo is the world's largest shipyard in terms of its order book and was previously given a 4.2 trillion won

Published 24 Mar, 2017 12:00am

US new home sales hit seven-month high; jobless claims rise

New US single-family home sales jumped to a seven-month high in February, suggesting the housing market recovery was gaining momentum despite higher prices and rising mortgage rates. Other data on Thursday showed an unexpected increase in the number of Am

Published 24 Mar, 2017 12:00am

ECB's Nouy says some banks may need to be shut

Some euro zone banks may need to be shut if they become unviable, the European Central Bank's top supervisor said on Thursday, as the Italian government seeks to bail out two regional lenders. Daniele Nouy, the head of the ECB's supervisory arm, told the

Published 24 Mar, 2017 12:00am

Currency

British retail sales suffer biggest squeeze in nearly seven years as inflation bites

British retail sales shrank at the fastest rate in nearly seven years during the past three months, despite a pickup in February, adding to signs that a major driver of Britain's economy is faltering after last year's Brexit vote.

Published 24 Mar, 2017 12:00am

Most Gulf bourses recover, Egypt rebounds as foreign funds buy

Most stock markets in the Gulf made small gains on Thursday, recovering some of the week's losses, but trading volumes remained very low. Egypt rebounded as foreign funds bought shares there. The Saudi stock index climbed 0.7 percent as the petrochemical

Published 24 Mar, 2017 12:00am

Sri Lankan shares tumble

Sri Lankan shares fell for a second straight session on Thursday to a more than one-year closing low as expectations of an interest rate hike continued to drag down the market ahead of the central bank's monetary policy review. The Colombo stock index clo

Published 24 Mar, 2017 12:00am

Tokyo shares higher

Tokyo stocks edged up Thursday, recovering slightly from the previous day's sharp losses, but gains were capped by a strong yen. The Nikkei slumped more than two percent Wednesday, in line with a global rout, on concerns Donald Trump's struggles to push h

Published 24 Mar, 2017 12:00am

Thursday's early afternoon trade: banks lead major S&P sectors; healthcare vote in focus

US stocks rose in early afternoon trading on Thursday as investors snapped up beaten-down bank stocks ahead of a vote on a healthcare bill that is seen as President Donald Trump's first policy test.

Published 24 Mar, 2017 12:00am

Wall Street ends mixed; all eyes on Trump and healthcare

Wall Street ended mixed after a choppy session on Wednesday as investors focused on President Donald Trump's struggle to push through a healthcare bill and snapped up stocks after a steep drop the day before. US stocks in the previous session had suffered

Published 24 Mar, 2017 12:00am

Hong Kong stocks struggle

Hong Kong's benchmark stock index struggled on Thursday as strength in Chinese real estate developers was offset by weakness in some blue chips as their earnings reports disappointed investors. The benchmark Hang Seng index erased initial gains and ended

Published 24 Mar, 2017 12:00am

US bonds gain

US Treasury yields fell on Wednesday as investors reduced expectations that the Federal Reserve is likely to adopt a faster path in raising interest rates and any new fiscal stimulus is seen as unlikely in the near-term. President Donald Trump and Republi

Published 24 Mar, 2017 12:00am

US bonds gain

Published 24 Mar, 2017 12:00am

Indian shares surge

Indian shares rose on Thursday, snapping a three-day losing streak as investors saw some of the losses in the previous sessions in sectors such as financials as overdone, with sentiment also boosted by higher global markets. The broader NSE index ended 0.

Published 24 Mar, 2017 12:00am

Currency

China stocks up

China stocks ended slightly higher on Thursday, despite a slump in Shanghai B shares amid worries over tight liquidity and stepped-up regulation. The blue-chip CSI300 index rose 0.4 percent, to 3,461.98 points, while the Shanghai Composite Index added 0.1

Published 24 Mar, 2017 12:00am

European shares gain as investors grow more bullish, retailers shine

European shares climbed higher on Thursday, led by travel and retail stocks, as investors grew more bullish about risks to Donald Trump's stimulus plans, just before a vote in Congress on the US president's healthcare bill. The pan-European STOXX 600 inde

Published 24 Mar, 2017 12:00am

Australian shares up; New Zealand steady

Australian shares rose on Thursday, snapping three straight days of losses, buoyed by the materials sector and gains from miner BHP Billiton. The S&P/ASX 200 index closed up 0.4 percent, or 23.49 points, at 5,708. BHP Billiton ended more than 1 percent hi

Published 24 Mar, 2017 12:00am

Most Southeast Asian markets soar

Most Southeast Asian stock markets rose on Thursday, in line with Asia and Wall Street, with investors closely watching the progress of a US healthcare bill that could affect President Donald Trump's ability to deliver on other campaign promises.

Published 24 Mar, 2017 12:00am

FTSE snaps losing streak, retailers drives gains

British shares turned up on Thursday after a two-day losing streak as markets turned more bullish and retail sales data indicated more robust consumption. The blue-chip FTSE 100 index rose 0.2 percent but underperformed the broader European market, up 0.9

Published 24 Mar, 2017 12:00am

Currency

Sri Lankan rupee weakens

The Sri Lankan rupee ended slightly weaker in thin trade on Thursday as dollar demand from importers surpassed selling of the US currency by exporters, with investors waiting for the central bank's decision on interest rates. Sri Lanka's central bank coul

Published 24 Mar, 2017 12:00am

Bangladesh's inter-bank forex rates

Inter-bank buy/sell rates for the taka against the dollar on Thursday. 79.65-79.65 (previous 79.62-79.63).

Published 24 Mar, 2017 12:00am

Currency

Nigeria FX traders widen spreads after black market naira rally

The gap between what traders bid and offer for Nigeria's naira on the black market has widened following a series of central bank interventions on the official market. Traders are trying to hedge against losses after the currency firmed sharply during pre

Published 24 Mar, 2017 12:00am

Currency

Dollar edges up against yen in Asia

The dollar edged up from four-month lows against the yen on Thursday, but gains were capped by US President Donald Trump's struggle to push through a healthcare bill. The US currency has struggled this week as growing doubts over Trump's ability to push t

Published 24 Mar, 2017 12:00am

Currency

Dollar holds under $1.08 per euro in Europe

The dollar held under $1.08 per euro for a second day on Thursday ahead of a vote on Republican healthcare plans seen as a litmus test of President Donald Trump's ability to legislate in Congress and deliver on tax and spending promises. With several majo

Published 24 Mar, 2017 12:00am

Early trade in NY: Dollar steadies as US healthcare vote looms

The dollar hovered near a four-month low against the Japanese yen on Thursday ahead of a vote on Republican healthcare plans seen as a litmus test of US President Donald Trump's ability to legislate in Congress and deliver on tax and spending promises. Tr

Published 24 Mar, 2017 12:00am

Currency

Dollar hits four-month low against yen in New York

The US dollar hit a four-month low against the safe-haven yen on Wednesday as investors rethought growth expectations under a Trump administration that had pushed the greenback to a 14-year peak and stocks to record highs. The dollar, which had slipped af

Published 24 Mar, 2017 12:00am

Currency

Canadian dollar strengthens

The Canadian dollar strengthened slightly against its US counterpart on Wednesday, but barely changed after the government unveiled a stay-the-course federal budget that targeted export growth, while earlier losses were reversed as the greenback fell. Can

Published 24 Mar, 2017 12:00am

Currency

Most Asian currencies dip as investors grow cautious on Trump's health bill

Most Asian currencies fell against the dollar on Thursday as investors waited to see if US President Donald Trump could push through a health bill to replace "Obamacare", which would open the way for tax cuts. Trump was to meet later in the day with membe

Published 24 Mar, 2017 12:00am

Aussie, kiwi stay low

The Australian dollar stayed near one-week lows on Thursday as investors unwound carry trades while watching to see whether US President Donald Trump can push through a healthcare bill, as failure could signal problems to come pursuing his economic agenda

Published 24 Mar, 2017 12:00am

Currency

China's yuan slips, but onshore rates seen lending support

China's yuan fell against the US dollar on Thursday, even as the central bank set a firmer midpoint, after the global dollar index rebounded from 1-1/2-month lows. But the Chinese currency could regain its footing if the outcome of a vote on a US healthca

Published 24 Mar, 2017 12:00am

Currency

Sterling hits one-month high after retail sales bounce

Sterling hit a one-month high against the dollar on Thursday, outperforming other major currencies after stronger than expected UK retail sales data soothed worries about weakening consumer sentiment. Sales rose by 1.4 percent in February from January, th

Published 24 Mar, 2017 12:00am

Turbat, Chaman record victories in PPL Balochistan Football

Two hat-tricks on the second day of the final round of PPL Balochistan Football Cup 2017 claimed the win for Turbat and DFA Chaman against Jaffarabad and Sibi respectively, while the match between Loralai and Lasbela resulted in a draw with 1-1.

Published 24 Mar, 2017 12:00am

Podolski hits Germany winner against England

Lukas Podolski signed off his Germany career in style on Wednesday smashing home the winning goal with his trusty left boot to seal a 1-0 friendly victory over England. It was only fitting that the Galatasaray forward, who joins Japan's Vissel Kobe next s

Published 24 Mar, 2017 12:00am

USA takes Baseball Classic crown

The United States clobbered Puerto Rico 8-0 on Wednesday to capture their first World Baseball Classic title, avenging an earlier loss and ending Puerto Rico's perfect run to the championship game. The Americans won the title in their first trip to the fi

Published 24 Mar, 2017 12:00am

More woe for Bouchard with Miami exit

Eugenie Bouchard's poor run of form continued Wednesday as the Canadian suffered a first-round exit at the hands of Australia's Ashleigh Barty at the Miami Open. Wildcard Barty's 6-4, 5-7, 6-3 win sets up an all-Australian clash in the second round of the

Published 24 Mar, 2017 12:00am

PSF with Australian government opens Squash Classroom project

Pakistan Squash Federation in collaboration with Squash Australia and Sport Matters has initiated 'The Squash Classroom', a development project proudly supported by the Australian government using squash to promote health, gender equality and education fo

Published 24 Mar, 2017 12:00am

UEFA competitions director rejects Super League

UEFA director of competitions Giorgio Marchetti on Thursday rejected the idea of a European Super League made up of the continent's top clubs, but said the format of the Champions League could evolve. "If the Super League is a competition for an elite, cl

Published 24 Mar, 2017 12:00am

Injuries rock New Zealand, South Africa ahead of final Test

Injuries rocked New Zealand and South Africa Thursday, two days out from the start of the third and final Test in Hamilton with Tim Southee ruled out and Quinton de Kock doubtful. New Zealand, under pressure to win if they are to level the series, were al

Published 24 Mar, 2017 12:00am

Bangladesh add Mehedi for Sri Lanka ODIs

Bangladesh on Thursday included teenage off-spinner Mehedi Hasan to their one-day international line-up for a three-match series against Sri Lanka, an official said. The 19-year-old was part of the squad that defeated Sri Lanka at the weekend in Colombo t

Published 24 Mar, 2017 12:00am

Dozens arrested in Belarus crackdown

Belarusian authorities have arrested some 26 people following a wave of major protests against authoritarian President Alexander Lukashenko, state television said Thursday, citing security services. State channel STV cited the powerful KGB security agency

Published 24 Mar, 2017 12:00am

China, Nepal discuss joint military exercises

China's defence minister met his Nepal counterpart Thursday pushing ahead plans to hold joint military exercises, a move likely closely watched by India as Beijing boosts its influence in the region. "We have been discussing joint military exercises with

Published 24 Mar, 2017 12:00am

US suspects North Korea in $81 million Bangladesh theft

US federal prosecutors suspect the North Korean government directed last year's theft of $81 million from Bangladesh's account at the New York Federal Reserve Bank, according to a media report Wednesday. Citing unnamed sources, The Wall Street Journal sai

Published 24 Mar, 2017 12:00am

WikiLeaks releases CIA hacks of Apple Mac computers

The Central Intelligence Agency is able to permanently infect an Apple Mac computer so that even reinstalling the operating system will not erase the bug, according to documents published Thursday by WikiLeaks. In its second release allegedly from the CIA

Published 24 Mar, 2017 12:00am

10 Egyptian soldiers killed in bombings

Ten Egyptian soldiers were killed in two roadside bombings as they clashed with Islamic State group jihadists in the Sinai Peninsula, the military said on Thursday. Fifteen jihadists were also killed in the fighting, the military said in a statement, with

Published 24 Mar, 2017 12:00am

Flooding kills 11 in Angola

Floods in Angola have killed at least eleven people and left thousands homeless after the country was hit by torrential rain, rescuers said Thursday. More than 700 homes were destroyed following the deluge in the coastal northwestern Luanda province which

Published 24 Mar, 2017 12:00am

Around 250 feared dead in new Med migrant boat sinkings

Around 250 African migrants are feared to have drowned in the Mediterranean after a rescue boat found two partially submerged rubber dinghies off Libya, a spokeswoman said Thursday. Laura Lanuza of Spanish charity Proactiva Open Arms said its boat Golfo A

Published 24 Mar, 2017 12:00am

Emboldened Taliban capture key southern district

Taliban fighters captured the strategic southern district of Sangin on Thursday, officials said, another setback for Afghan forces in opium-rich Helmand province ahead of the spring fighting season. The capture of Sangin, where US and British forces suffe

Published 24 Mar, 2017 12:00am

Civil society voices concern over filthy water supply

Civil society activists from Hala, Saeedabad and Matiari talukas expressed deep concern over alarming increase in the volume of hepatitis cases in the district due to unsafe drinking water. The polluted water has a detrimental impact on the health of comm

Published 24 Mar, 2017 12:00am

Pakistan Day celebrated at Cadet College Pataro

The Pakistan Day was celebrated with national zeal & zest at Cadet College Petaro (CCP) on Thursday to commemorate the adoption of the Lahore Resolution which was passed on March 23, 1940. Presided over by the college Principal Commodore Mehboob Ellahi Ma

Published 24 Mar, 2017 12:00am

'Kashmir cause is injected in PPP ideology': Bilawal

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari on Thursday said that Kashmir cause is deeply injected in PPP ideology and the party would never budge an inch from its stand for the right of self-determination to the people of Kashmir. The PP

Published 24 Mar, 2017 12:00am

Duty on solar charge controllers revised

The Directorate General Customs Valuation (DGCV) has revised the customs duty on Solar Charge Controllers (SCC) under Section 25(7) of the Customs Act, 1969. According to the revised valuation ruling, the Directorate initiated an exercise for determinatio

Published 24 Mar, 2017 12:00am

'CPEC can have a huge impact on tourism,' says Nadine Malik, MD-Jovago Asia

Nadine Malik Almani is the Managing Director of Jovago Asia, which is an international venture by Rocket Internet specializing in hotel and vacation rentals globally. She has earlier served as the Country Manager for Jovago Pakistan.

Published 24 Mar, 2017 12:00am

'CPEC can have a huge impact on tourism,' says Nadine Malik, MD-Jovago Asia

Published 24 Mar, 2017 12:00am

Cotton

PCGA submits budget proposals to NA body

"We would not be able to run our ginning factories in next season of 2017-18 due to burden of taxes and other crises," said Chairman of Pakistan Cotton Ginners Association (PCGA), Dr Jeso Mal while submitting budget proposals/recommendations to Standing C

Published 24 Mar, 2017 12:00am

Pakistan Day celebrated with zeal in Faisalabad

Pakistan Day was celebrated throughout the district with national enthusiasm and fervor with the renewal of pledge that we would utilize all energies and capabilities to get the Pakistan out of problems of terrorism and other issues and would do utmost

Published 24 Mar, 2017 12:00am

Minister exhorts officials to expedite work on teaching hospital

Provincial Minister for Specialized Healthcare and Medical Education (SH & ME), Khawaja Salman Rafiq expressed annoyance over slow pace of construction work on Teaching Hospital Gujranwala (THG) and directed to accelerate the speed of work on the project.

Published 24 Mar, 2017 12:00am

Five killed in road mishap

At least five members of a family including a woman died and 15 others were injured in collision between two vehicles here on Thursday. Rescue sources said that a van carrying a family back home after attending wedding ceremony collided with a reckless dr

Published 24 Mar, 2017 12:00am

Cotton

Cotton growers advised to sow crop between April 15 to May 15

The Punjab Agriculture Department (PAD) has advised the cotton growers to sow their crop between April 15 to May 15 and only use approved varieties of BT or Hybrid cotton seeds.In an advisory issued here on Thursday, a PAD spokesman also warned the owners

Published 24 Mar, 2017 12:00am

Shahbaz vows to eradicate corruption, poverty

Punjab Chief Minister Muhammad Shahbaz Sharif has stated that he would not sit idle till the enrollment of last child in school, elimination of poverty and joblessness, elimination of ignorance, extortion, corruption, injustice as well as eradication of s

Published 24 Mar, 2017 12:00am

Rs two billion to be spent on setting up HPT clinics: minister

Punjab Minister for Specialized Healthcare & Medical Education Khawaja Salman Rafique has said that hepatitis prevention and treatment clinics (HPTC) would be set up at a cost of Rs 2 billion at district headquarter hospitals in the province.

Published 24 Mar, 2017 12:00am

Argentinian envoy calls for boosting trade volume

Argentinian Ambassador Ivan Ivanissevich called for sector-specific measures and collective efforts to increase the bilateral trade volume which is less than the real potential. Exchanging views during his visit to Pakistan Textile Exporters Association (

Published 24 Mar, 2017 12:00am

Governments come and go but PPP is here to stay: Zardari

Former President and co-chairman of Pakistan Peoples Party (PPP) Asif Ali Zardari said that governments come and go but his party was here to stay for all times to come. Addressing an event to mark Pakistan Day, Zardari said that he was the first one who

Published 24 Mar, 2017 12:00am

Maqsood elected chairman Potato Research Board

Chaudhry Muhammad Maqsood Ahmad Jatt, a progressive grower & representative of Potato Growers Coop Society, Okara has unanimously been elected as Chairman of the newly constituted Potato Research & Development Board. He was elected to this post at a meeti

Published 24 Mar, 2017 12:00am

PARTLY FACETIOUS: The height of excellence

"Mian sahib is simply not being fair to the people of his country - us who voted him to power."

Published 24 Mar, 2017 12:00am

Mohmand Agency celebrates Pakistan Day with zeal

Pakistan Day was celebrated with great zeal and enthusiasm in the Mohmand Agency on Thursday with a call that tribesmen will continue their struggle for peace in the area which has been badly affected by the ongoing conflict. On this occasion Political Ag

Published 24 Mar, 2017 12:00am

Pakistan Day celebrated in KP, Fata

Like other parts of the country Pakistan Day was celebrated with traditional zeal and national enthusiasm in Khyber Pakhtunkhwa and Federally Administered Tribal Area (FATA). Special prayers were offered in the provincial capital's mosques for peace and p

Published 24 Mar, 2017 12:00am

Pakistan missions abroad celebrate Pakistan Day

Pakistan Day was celebrated with national spirit and fervour at Pakistani Missions abroad. The Embassy of Pakistan, Beijing organised a special ceremony to mark the passing of Pakistan Resolution on 23rd March, 1940. Ambassador of Pakistan Masood Khalid r

Published 24 Mar, 2017 12:00am

Nation celebrates Pakistan Day with zeal and fervour

The 77th Pakistan Day was celebrated on Thursday with traditional zeal and enthusiasm to mark the passage of the Lahore Resolution that led to the creation of a separate homeland for the Muslims of South Asia in 1947. The historic resolution, known as the

Published 24 Mar, 2017 12:00am

Pakistan Day celebrated in AJK, GB

Pakistan Day was celebrated throughout Azad Kashmir with national zeal and fervor on Thursday. Functions, Seminars and Rallies were held all over Azad Kashmir to mark the day. Various political, social, religious, educational and other organizations have

Published 24 Mar, 2017 12:00am

Jhagra confers awards on five personalities

KP Governor Engr Iqbal Zafar Jhagra on behalf of the President of the Islamic Republic of Pakistan, Mamnoon Hussain honoured one personality of the province with Sitara-i-Imtiaz and four personalities with Presidential Pride of Performance award. Furtherm

Published 24 Mar, 2017 12:00am

Mukherjee greets Pakistanis on national day

Indian President Pranab Mukherjee on Thursday took to twitter to extend greeting to Pakistani nation and the government in connection with the national day celebrations. "Greetings to the government and people of Pakistan on their national day," tweeted M

Published 24 Mar, 2017 12:00am

Pak-Lankan ties sign of mutual trust, respect: HC

High Commissioner of Pakistan in Sri Lanka Major General Syed Shakeel Hussain (R) on Thursday said the relations between Pakistan and Sri Lanka are firmly standing on the pillars of mutual trust, respect and desire to promote friendship. The High Commissi

Published 24 Mar, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 17	277.85
USD PKR Interbank Buying / Oct 17	277.65
USD to Japanese Yen / Oct 17	149.75
USD to Swiss Franc / Oct 17	0.87
Pound Sterling to USD / Oct 17	1.30
Euro to USD / Oct 17	1.09

Stock	Volume
S&P 500 / Oct 16	5,842.47
Nasdaq / Oct 16	18,367.08
Dow Jones / Oct 16	43,077.70
India Sensex / Oct 17	81,029.70
Tokyo Nikkei / Oct 17	38,911.19
Hang Seng / Oct 17	20,079.10
FTSE 100 / Oct 17	8,325.96
Germany DAX 30 / Oct 17	19,546.86

Item	Value
Crude Oil USD/Barrel / Oct 17	70.23
Karachi Cotton PKR/37.32 KG / Oct 17	18,085
Gold 10 Grams PKR / Oct 17	238,254
Gold Spot USD/Ounce / Oct 17	2,682.78
Cotton US¢/pound / Oct 17	70.58
Petrol/Litre / Oct 18	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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