News Archives for Print - 2017-03-28

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

Published 28 Mar, 2017 12:00am

Currency

State Bank of Pakistan conversion rates

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

Published 28 Mar, 2017 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 28 Mar, 2017 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 28 Mar, 2017 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 28 Mar, 2017 12:00am

Asian naphtha crack down to 2-1/2-week low

Asia's naphtha crack extended losses to reach a 2-1/2-week low of $70.33 a tonne, while gasoline crack fell 6 percent to $9.46 a barrel after hitting a three-week high in the previous session. Several buyers have already booked their cargoes for May first

Published 28 Mar, 2017 12:00am

CBOT corn futures fall to 10-week low

Chicago Board of Trade corn futures fell to a 10-week low on Friday, pressured by plentiful global stocks and concerns about waning export demand for US supplies. Corn futures have fallen for five days in a row, posting a weekly loss of 3.2 percent. Expec

Published 28 Mar, 2017 12:00am

European gasoline margins rise sharply

Benchmark European gasoline refining margins rose sharply on Thursday after data showed a large draw in ARA stocks. Gasoline stocks at independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub fell by 24.4 percent to their lowest since Novem

Published 28 Mar, 2017 12:00am

China's February net-gold imports rise over 50 percent

China's net-gold imports via main conduit Hong Kong surged 50.8 percent month-on-month in February, data showed on Monday. Imports by the world's top gold consumer through Hong Kong rose to 47.931 tonnes in February from 31.791 tonnes in January, accordin

Published 28 Mar, 2017 12:00am

Chinese steel, iron ore fall for fourth day

Chinese steel and iron ore futures fell for a fourth day on Friday, adding to a nearly week-long selloff that led to both commodities posting their biggest weekly drop in three months. Investors cut bets in steel and iron ore this week after recent rapid

Published 28 Mar, 2017 12:00am

CBOT wheat futures closed higher

Chicago Board of Trade wheat futures closed higher on Friday, rebounding a day after the spot May contract posted a 2-1/2 month low. Rallies were limited by the arrival of beneficial rains in the southern US Plains winter wheat belt and forecasts for more

Published 28 Mar, 2017 12:00am

Hot, dry weather in Ivory Coast's main cocoa areas

Hot, dry weather in some of Ivory Coast's main cocoa growing regions last week threatened development of the April-to-September mid-crop, farmers said on Monday, although good rain was reported in other areas. The dry season in the world's top cocoa produ

Published 28 Mar, 2017 12:00am

EU wheat futures fall to three-month low

European wheat futures fell to their lowest in more than three months on Friday, weighed down by renewed strength in the euro and chart-based adjustments, before steadying as buyers saw attractive levels and US futures managed a slight bounce. May milling

Published 28 Mar, 2017 12:00am

Cotton

Cotton prices firm on short supply of quality lint

Prices remained steady on the cotton market on Monday as some needy mills continued to replenish their stocks to meet their current season's demand, dealers said. The official spot rate was unchanged at Rs 6750, they said. In Punjab, prices of seed cotton

Published 28 Mar, 2017 12:00am

Canadian canola futures drop

ICE Canadian canola futures dropped on Friday on technical and commercial selling and pressure from weaker vegetable oils. The market's plunge looks overdone, and may be due for a rebound, a trader said. May canola lost $5.80 to $482.50 per tonne. For the

Published 28 Mar, 2017 12:00am

Palm oil falls on European vegoils market

Palm oil on the European vegetable oils market continued to ease on Friday, tracking a dip in rival soyaoil on the back of rising soyabean supplies. Asking prices for palm oil were between unchanged and $17.50 a tonne down after Malaysian palm oil futures

Published 28 Mar, 2017 12:00am

PMEX daily trading report

On Friday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,001. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 3.86 billion and the number of lots traded was 7,454. Major business was contributed by curr

Published 28 Mar, 2017 12:00am

Freight rates for VLCCs fall to six-month low

Freight rates for very large crude carriers (VLCCs), which fell to a near six-month low on Thursday, will remain weak until the Asian refinery maintenance season gets completed, starting April-end. "I haven't seen a collapse in rates like this for some ti

Published 28 Mar, 2017 12:00am

Activities at Karachi and Qasim ports

The Karachi Port handled 317,877 tonnes of cargo comprising 269,994 tonnes of import cargo and 47,883 tonnes of export cargo including NA loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 269,99

Published 28 Mar, 2017 12:00am

CBOT soyabean futures drop

Chicago Board of Trade soyabean futures sank 1.6 percent on Friday, weighed down by the ongoing harvest of a massive crop in South America and growing expectations for big US plantings. Friday's decline was the biggest daily drop for the most-active soyab

Published 28 Mar, 2017 12:00am

German exports to Iran soared by 26 percent

German exports to Iran rose by 26 percent last year and by more than 30 percent in January alone, an economist at Germany's Chamber of Commerce and Industry (DIHK) said on Monday, as trade between the two countries picks up after sanctions were lifted.

Published 28 Mar, 2017 12:00am

German business morale brightest in nearly six years

German business morale hit its highest level in nearly six years in March, suggesting company executives in Europe's largest economy are brushing off concerns about the threat of rising protectionism and Germany's own election issues. The surprisingly str

Published 28 Mar, 2017 12:00am

Currency

Eurozone firms' appetite for cash slows

Growth in eurozone banks' lending to businesses slowed in February, figures from the European Central Bank showed Monday. Lending growth to the private sector - businesses and households - in the 19-nation single currency area eased to 2.0 percent in Febr

Published 28 Mar, 2017 12:00am

ECB says 'optimistic' for global deal on bank rules

Regulators at the European Central Bank said Monday they are "optimistic" that talks on harmonising rules for banks around the world will soon end in a deal. The so-called "Basel III" round of banking talks has stalled in recent months as negotiators batt

Published 28 Mar, 2017 12:00am

ECB says 'optimistic' for global deal on bank rules

Published 28 Mar, 2017 12:00am

Qatar set to invest £5 billion in UK over next five years

Qatar will invest £5 billion in Britain within five years in a boost for the post-Brexit economy, Prime Minister Sheikh Abdullah bin Nasser bin Khalifa al-Thani announced Monday. "Over the next three to five years Qatar will invest £5 billion ($6.23 billi

Published 28 Mar, 2017 12:00am

Qatar set to invest £5 billion in UK over next five years

Published 28 Mar, 2017 12:00am

Sinopec posts 44 percent jump in net profit

State-owned Chinese energy major Sinopec said 2016 net profit jumped 44 percent, its first annual profit rise in three years, as strong demand and better margins in its downstream refining business helped offset low oil prices. Sinopec - a listed unit of

Published 28 Mar, 2017 12:00am

Sinopec posts 44 percent jump in net profit

Published 28 Mar, 2017 12:00am

EU clears Dow-DuPont chemicals mega-merger

The EU on Monday approved a $130 billion mega-merger of US agro-chemicals giants Dow Chemical and DuPont, paving the way for major consolidation in a sensitive sector for farmers and the environment. The decision by antitrust regulators was subject to Dup

Published 28 Mar, 2017 12:00am

China January-February industrial profits surge most in nearly six years

Profits of Chinese industrial firms surged almost 32 percent in the first two months of 2017 - the fastest pace in nearly 6 years - as prices of commodities from coal to iron ore raced higher. Stronger earnings could give a further boost to fixed-asset in

Published 28 Mar, 2017 12:00am

Oxfam exposes tax haven habits of EU big banks

The twenty biggest banks in the eurozone booked over a quarter of their 2015 profits in tax havens, with Luxembourg and Ireland the favourite destinations, a report by Oxfam said on Monday. The findings come as the tax affairs of major multinationals are

Published 28 Mar, 2017 12:00am

Oxfam exposes tax haven habits of EU big banks

Published 28 Mar, 2017 12:00am

China's Kaisa unveils first results in 2-1/2 years

Since defaulting on its dollar-denominated bonds Chinese property developer Kaisa Group made its first financial report in 2-1/2 years on Sunday, paving the way for its shares to resume trading on Monday. Total aggregate borrowings stood at 87.5 billion y

Published 28 Mar, 2017 12:00am

China's Kaisa unveils first results in 2-1/2 years

Published 28 Mar, 2017 12:00am

Spain Prime Minister backs economy minister for Eurogroup head

Spain's economy minister would be a good head of the Eurogroup of eurozone finance ministers, Spanish Prime Minister Mariano Rajoy said Sunday as the current chair faces calls to resign. Eurogroup chief Jeroen Dijsselbloem, who is also Dutch finance minis

Published 28 Mar, 2017 12:00am

Oil producing Venezuela hit by gasoline shortage

Battered by an economic crisis, Venezuelans are used to waiting in long lines for scarce goods, but many found themselves queuing Thursday for something the ailing oil giant was supposed to have in spades: gasoline. Drivers had to wait more than an hour t

Published 28 Mar, 2017 12:00am

Cotton

Most ME markets follow global downtrend; Egypt index tumbles

Most Middle Eastern stock markets fell in thin trade on Monday, in line with global losses, with Egypt hit particularly hard. The Saudi stock index edged down 0.3 percent in the lowest volume since September; declining shares outnumbered advancing ones by

Published 28 Mar, 2017 12:00am

Hong Kong shares fall after fresh property curbs

Hong Kong stocks fell on Monday as fresh measures to curb China's heated property market weighed on shares of developers, offsetting data showing strong profit growth for industrial companies early in the year. The Hang Seng index fell 0.7 percent to 24,1

Published 28 Mar, 2017 12:00am

Currency

Tokyo stocks fall as automakers dented by yen

Tokyo stocks closed lower Monday as a strong yen dented Japan's major automakers, while Toshiba dropped on a report that its troubled US nuclear unit could start bankruptcy proceedings this week. The benchmark Nikkei 225 index fell 1.44 percent, or 276.94

Published 28 Mar, 2017 12:00am

Monday's early afternoon trade: Wall Street trims losses as investors seek bargains

US stocks were well off session lows on Monday as investors sought bargains after a rough start on Wall Street following the defeat of President Donald Trump's first major legislative action. Republicans were forced to pull a healthcare bill on Friday aft

Published 28 Mar, 2017 12:00am

Australian, New Zealand shares slip

Australian shares slipped on Monday in the wake of Wall Street's fall on Friday, with mining stocks accounting for most of the slide. President Donald Trump's failure to get a healthcare plan through the US House of Representatives raised questions about

Published 28 Mar, 2017 12:00am

Most Southeast Asia stocks end lower

Most Southeast Asian stock markets ended lower on Monday as US President Donald Trump's defeat on a crucial healthcare bill fanned concerns about his ability to push through tax cuts and fiscal spending to boost economic growth. Trump suffered a stunning

Published 28 Mar, 2017 12:00am

Trumpflation setback sparks rush back into eurozone bonds

Borrowing costs across the eurozone touched multi-week lows on Monday, as a legislative defeat for US President Donald Trump on healthcare reforms raised questions about his ability to push through tax cuts and fiscal spending to boost the economy. As inv

Published 28 Mar, 2017 12:00am

Trumpflation setback sparks rush back into eurozone bonds

Published 28 Mar, 2017 12:00am

China stocks slip

China stocks slipped on Monday, as any optimism felt from data showing surging profits at industrial firms was offset by fresh property curbs and signs that monetary policy may be further tightened. The bluechip CSI300 index fell 0.3 percent, to 3,478.04

Published 28 Mar, 2017 12:00am

European shares led lower by weaker miners after Trump setback

European shares fell on Monday, hit by losses among miners and banks after US President Donald Trump's failure to pass his healthcare bill raised worries over his ability to deliver on fiscal stimulus promises. The STOXX 600 index fell 0.5 percent by 0953

Published 28 Mar, 2017 12:00am

Indian shares lower

Indian shares fell on Monday tracking weak Asian markets after US President Donald Trump's failure to pass a healthcare reform raised doubts about his ability to push his agenda, while shares of information technology companies and drugmakers were hit by

Published 28 Mar, 2017 12:00am

Taiwan stocks up

Taiwan stocks edged up on Monday, buoyed by gains in electronics and plastics shares. The main TAIEX index rose 0.1 percent to 9,913.60 points as of 0158 GMT, after closing down 0.3 percent on Friday. Taiwan's electronics subindex was up 0.4 percent, whil

Published 28 Mar, 2017 12:00am

Sri Lankan shares slump to one-year low

Sri Lankan shares fell to a more than one-year closing low on Monday in dull trade as investors sold shares of lenders after the central bank tightened monetary policy in the previous session, dealers said. On Friday, the central bank raised its benchmark

Published 28 Mar, 2017 12:00am

Currency

FTSE hits one-month low as miners, Babcock slide

Britain's top share index hit a one-month low after the failure of US President Donald Trump to push his healthcare reforms through Congress hit mining shares and Babcock fell after exiting a contract. The bluechip FTSE 100 index closed down 0.6 percent a

Published 28 Mar, 2017 12:00am

China's yuan rises

China's yuan firmed on Monday, reflecting the US dollar's broad declines as President Donald Trump's inability to pass a healthcare reform bill raised doubts about his ability to see through planned fiscal stimulus measures. The People's Bank of China set

Published 28 Mar, 2017 12:00am

Currency

Dollar index slides to near two-month low in Asia

The dollar slid to a near two-month low against a basket of currencies on Monday as concerns mounted about the chances of US fiscal stimulus after President Donald Trump's failure to push through a healthcare reform bill. Trump's inability to deliver on a

Published 28 Mar, 2017 12:00am

Early trade in NY: Dollar skids to four-month low against basket of currencies

The dollar fell to its lowest since November against a basket of currencies on Monday as investors lost confidence in prospects for a US fiscal spending boost under President Donald Trump after his failure to pass a major healthcare reform bill. Trump's i

Published 28 Mar, 2017 12:00am

Currency

Dollar hits lowest since November in Europe as Trump trade deflates

The dollar slid to a four-month low against a basket of currencies on Monday as investors weighed the prospects of a US fiscal spending boost under President Donald Trump after his failure to push through a key healthcare reform bill. Trump's inability to

Published 28 Mar, 2017 12:00am

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Monday. 79.65-79.65 (previous 79.65-79.65).

Published 28 Mar, 2017 12:00am

Currency

Sri Lankan rupee ends little changed

The Sri Lankan rupee closed largely unchanged on Monday as importer dollar demand almost offset the inward remittances after the country's central bank raised benchmark interest rates by 25 basis points. The central bank raised the spot rupee reference ra

Published 28 Mar, 2017 12:00am

Most Asian currencies hit multi-month highs

Most Asian currencies hit multi-month highs on Monday as the dollar declined across the board after US President Donald Trump failed to push through a healthcare reform bill. The collapse of the healthcare legislation has raised doubts about Trump's abili

Published 28 Mar, 2017 12:00am

Currency

Aussie, kiwi fall to multi-month lows on yen

The Australian and New Zealand dollars slipped to multi-month lows on the safe-haven Japanese yen on Monday, as investors were forced to scale back expectations for fiscal stimulus in the United States. The Aussie lost 0.9 percent on the yen to 84.12, nea

Published 28 Mar, 2017 12:00am

Sterling jumps as high as $1.26 in Trump trade slump

Sterling rose almost 1 percent to an eight-week high against the dollar on Monday, gaining with other major currencies after the failure of a Republican healthcare bill weakened faith in US President Donald Trump's other campaign promises. At the start of

Published 28 Mar, 2017 12:00am

Currency

Nigeria sets new naira rate

Nigeria set a new naira exchange rate on Monday for consumers with certain foreign expenses and stepped up dollar sales on the official market to narrow the spread with the black market. Analysts doubted whether the moves would draw investors back to the

Published 28 Mar, 2017 12:00am

India's first FIFA tournament to be staged in Delhi

The Under-17 World Cup will kick off in New Delhi, marking India's first-ever FIFA tournament, world football's governing body said Monday despite initial concern over air quality in the world's most polluted capital. After a week-long inspection, authori

Published 28 Mar, 2017 12:00am

Bangladesh eye rare away glory in Sri Lanka

Bangladesh skipper Mashrafe Mortaza said Monday he's confident his side can secure a rare series win away from home when they face Sri Lanka in the second One Day International this week. The tourists lead 1-0 going into Tuesday's contest at Dambulla and

Published 28 Mar, 2017 12:00am

Balochistan Football moves into quarters stage

PPL Balochistan Football Cup 2017 looks for a competitive game ahead as eight best teams out of 12 have qualified for the quarter finals at the conclusion of the final round that commenced on March 20. Quetta City, Lasbela, Panjgur, Turbat, Chaman, Nushki

Published 28 Mar, 2017 12:00am

Record-equalling Williamson ton puts New Zealand on top

A record-equalling Test century by Kane Williamson on Monday put New Zealand in charge of the third Test against South Africa and had them talking of victory in Hamilton. At stumps on the third day, New Zealand were 321 for four, leading South Africa by s

Published 28 Mar, 2017 12:00am

India set for win after Australian batting collapse

All-rounder Ravindra Jadeja starred with both bat and ball on the third day of the fourth Test on Monday to put India on course for a series-clinching victory against Australia in Dharamsala. The left-hander top-scored with 63 to help India surpass Austra

Published 28 Mar, 2017 12:00am

First Pakistan Red Crescent Junior Squash opens

The first edition of the Pakistan Red Crescent National Junior Age Group Squash Championship will be played from March 28 to April 1, 2017 here at PAF Hashim Khan Squash Complex. This was stated by Vice President Pakistan Squash Federation and former Worl

Published 28 Mar, 2017 12:00am

Kerber advances at Miami Open

World number one Angelique Kerber came back from a break down in both sets to beat American Shelby Rogers 6-4, 7-5 on Sunday and move into the fourth round at the Miami Open. With no sign of the rain that interrupted the past two days on Key Biscayne, Ker

Published 28 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	149.91
USD to Swiss Franc / Oct 17	0.87
Pound Sterling to USD / Oct 17	1.30
Euro to USD / Oct 17	1.08

Stock	Volume
S&P 500 / Oct 17	5,841.47
India Sensex / Oct 17	81,006.61
Tokyo Nikkei / Oct 17	39,049.37
Nasdaq / Oct 17	18,373.61
Hang Seng / Oct 17	20,275.40
FTSE 100 / Oct 17	8,385.13
Dow Jones / Oct 17	43,239.05
Germany DAX 30 / Oct 17	19,583.39

Item	Value
Crude Oil USD/Barrel / Oct 17	70.80
Karachi Cotton PKR/37.32 KG / Oct 17	18,085
Gold 10 Grams PKR / Oct 17	238,254
Gold Spot USD/Ounce / Oct 17	2,709.16
Cotton US¢/pound / Oct 17	71.02
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

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular