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Print - 2017-03-28
Trumpflation setback sparks rush back into eurozone bonds

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
SCCI delegation to attend expo at Kuwait Chamber

SCCI delegation to attend expo at Kuwait Chamber

A 19-member trade delegation of Sialkot Chamber of Commerce and Industry (SCCI) headed by Wahub Jahangir left for Kuwait on early Monday. The delegation during its stay will showcase different products made in Sialkot in a two-day exhibition at Kuwait Cha
Published 28 Mar, 2017 12:00am
IPR document suggests wide-scale reforms for economic growth

IPR document suggests wide-scale reforms for economic growth

"Pakistan's policies do not support economic growth. The country must institute wide scale reforms. Economic growth will come through interplay of factors. These include robust macro economic policies to stimulate investment, and better governance. Tweaki
Published 28 Mar, 2017 12:00am
3P+FT Pakistan 2017 exhibition concludes

3P+FT Pakistan 2017 exhibition concludes

Displaying the most modern machinery, Synthetic products and latest technologies, the 3P+ FOOD TECH (3P+FT) Pakistan 2017-the 13th International Plastic, Printing & Packaging and Food & Technology Pakistan Exhibition-concluded here at Expo Centre Lahore.
Published 28 Mar, 2017 12:00am
LHC approached against hike in chicken price

LHC approached against hike in chicken price

A citizen has approached the Lahore High Court against increase in price of chicken and other edibles. The petitioner said that a fake crisis was being portrayed ahead of the holy month of Ramazan. The petitioner prayed the court to direct the government
Published 28 Mar, 2017 12:00am
HIV in Punjab: WHO, PACP to enhance collaboration

HIV in Punjab: WHO, PACP to enhance collaboration

The Punjab AIDS Control Program (PACP) and the World Health Organisation (WHO) will enhance technical collaboration regarding HIV in Punjab. A WHO delegation comprising experts on STDs and infection control visited the PACP Complex at Birdwood Road Lahore
Published 28 Mar, 2017 12:00am
Development projects at Jallo Park completed

Development projects at Jallo Park completed

The Punjab government has completed different development projects at Jallo Park Lahore, including camp office, huts, cactus garden, palm garden and rose garden. Punjab Minister for Forests and Wildlife Mian Yawar Zaman inaugurated the camp office here on
Published 28 Mar, 2017 12:00am
SECP warns public about crowd funding

SECP warns public about crowd funding

It has come to the notice of the Securities and Exchange Commission of Pakistan (SECP) that a page with the title of "Innovative Crowd Funding Project Pvt-Ltd Pakistan" is appearing on Facebook, explaining the concept, history and other details of crowd f
Published 28 Mar, 2017 12:00am
Organ trafficker: government asked to empower FIA to take action

Organ trafficker: government asked to empower FIA to take action

A parliamentary panel on Monday recommended the government to empower Federal Investigation Agency (FIA) legally for taking action against people involved in organ trafficking. The Sub-Committee of the Standing Committee on Interior and Narcotics Control
Published 28 Mar, 2017 12:00am
Metrobus service to be completed in six months: Khattak

Metrobus service to be completed in six months: Khattak

Chief Minister Pervez Khattak has said that metro bus service would be completed in six months; although the federal government did not give them railway land for the project. Addressing a ceremony here in University Town on Monday, the Chief Minister sai
Published 28 Mar, 2017 12:00am
South African Defence Minister meets Bajwa

South African Defence Minister meets Bajwa

Minister of Defence and Military Veterans Affairs, South Africa (SA) N.N Mapisa Nqakula, on Monday called on Chief of Army Staff (CoAS) General Qamar Javed Bajwa, at General Headquarters. During the meeting, views were exchanged on issues of mutual intere
Published 28 Mar, 2017 12:00am
Police Jawans to be awarded for good performance

Police Jawans to be awarded for good performance

The Acting Inspector General of Police (AIG) Khyber Pakhtunkhwa, Syed Akhtar Ali Shah has said that police Jawans who exhibited excellent performance during duty hours against hardened criminals would be awarded generously. This, he said, while addressing
Published 28 Mar, 2017 12:00am
Fata legislator demands separate column for TDPs in census forms

Fata legislator demands separate column for TDPs in census forms

Pakistan Tehreek-i-Insaf (PTI) Fata legislator, Ayesha Gulalai Wazir has demanded of the federal government and Pakistan Bureau of Statistics to include a separate column for Tribal displaced persons (TDPs) in census forms, as majority of tribal people ar
Published 28 Mar, 2017 12:00am
Philip Morris (Pakistan) Limited

Philip Morris (Pakistan) Limited

Philip Morris (Pakistan) Limited is one of the two leading tobacco manufacturers in Pakistan. An affiliate of the Philip Morris International Inc (PMI), it ranks second in terms of market share based on annual volume of cigarette sticks sold in the countr
Published 28 Mar, 2017 12:00am
Philip Morris (Pakistan) Limited

Philip Morris (Pakistan) Limited

Philip Morris (Pakistan) Limited is one of the two leading tobacco manufacturers in Pakistan. An affiliate of the Philip Morris International Inc (PMI), it ranks second in terms of market share based on annual volume of cigarette sticks sold in the countr
Published 28 Mar, 2017 12:00am
Abid Sher Ali to visit NTDC

Abid Sher Ali to visit NTDC

Minister of State for Water and Power Chaudhry Abid Sher Ali will visit National Transmission and Despatch Company head office today (Tuesday).
Published 28 Mar, 2017 12:00am
Budget proposals: PSX suggests rationalization of tax on bonus shares

Budget proposals: PSX suggests rationalization of tax on bonus shares

Pakistan Stock Exchange (PSX) has proposed rationalization of tax on bonus shares in upcoming budget (2017-18), which may increase revenue up to Rs 2.5 billion against Rs 0.5 billion on an average collected during last three years. According to the budget
Published 28 Mar, 2017 12:00am
Sartaj updates OIC body on Indian atrocities

Sartaj updates OIC body on Indian atrocities

Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz on Monday updated a delegation of the human rights body of the OIC with regard to the Indian atrocities against Kashmiri people in the occupied Jammu and Kashmir. According to Foreign Office Spo
Published 28 Mar, 2017 12:00am
Pakistani jailed in Germany for spying for Iran

Pakistani jailed in Germany for spying for Iran

A Pakistani man was convicted in Germany Monday of spying for Iran to search out potential attack targets for the Revolutionary Guards. The defendant, 31-year-old Mustufa Haidar Syed-Naqfi, was sentenced to four years and three months in prison "for worki
Published 28 Mar, 2017 12:00am
Disposal of securities: revision in CGT regime proposed

Disposal of securities: revision in CGT regime proposed

Pakistan Stock Exchange (PSX) has proposed revision in Capital Gain Tax (CGT) regime on disposal of securities in budget (2017-18). The budget proposals of the PSX for 2017-18 revealed prior to July, 2010 the capital gains on disposal of securities were f
Published 28 Mar, 2017 12:00am
US MIDDAY: gold climbs

US MIDDAY: gold climbs

Gold rallied more than 1 percent on Monday after US President Donald Trump's failure to push through a healthcare reform package on Friday raised questions over his ability to deliver promised tax cuts and spending plans. That knocked the dollar to a four
Published 28 Mar, 2017 12:00am
US MIDDAY: wheat, corn and soya fall

US MIDDAY: wheat, corn and soya fall

US wheat, corn and soyabean futures fell to their lowest this year on Monday, pressured by abundant global grain and oilseed supplies and outlooks for crop-friendly rain in the southern Plains wheat belt, traders said. Wheat futures led the way down. K.C.
Published 28 Mar, 2017 12:00am
Gold hits one-month high in Europe

Gold hits one-month high in Europe

Gold rallied more than 1 percent on Monday after US President Donald Trump's failure to push through a healthcare reform package on Friday raised questions over his ability to deliver promised tax cuts and spending plans. That knocked the dollar to a four
Published 28 Mar, 2017 12:00am
Gold rises in Asia

Gold rises in Asia

Gold rose more than 1 percent to touch a one-month peak on Monday as the dollar plunged and equities fell after US President Donald Trump suffered a setback on healthcare reform, raising doubts about his ability to steer the economic agenda. Spot gold ros
Published 28 Mar, 2017 12:00am
Arabica coffee bounces up from near three-month low

Arabica coffee bounces up from near three-month low

Arabica coffee futures on ICE rebounded above the lowest level in nearly three months while raw sugar also came off its session low, as larger commodity markets came off their lows. The 19-market Thomson Reuters CoreCommodity Index bounced above a two-wee
Published 28 Mar, 2017 12:00am
Palm oil hits low since October after related oils slip

Palm oil hits low since October after related oils slip

Malaysian palm oil futures fell to their lowest in more than five months on Monday in a third consecutive session of losses, weighed down by weaker performing related vegetable oils. Benchmark palm oil futures for June delivery on the Bursa Malaysia Deri
Published 28 Mar, 2017 12:00am
Brazil sugar mills hedged 52.4 percent of exports
Currency

Brazil sugar mills hedged 52.4 percent of exports

Brazilian sugar mills have sold forward through futures contracts in New York 52.4 percent of the exportable volume projected for the 2017/18 center-south crop, Sao Paulo-based Archer Consulting said, last week. The amount of sugar hedged is estimated at
Published 28 Mar, 2017 12:00am
Tokyo rubber tumbles

Tokyo rubber tumbles

Benchmark Tokyo rubber futures fell four percent to a near 4-month low on Monday, dragged down by plunging Shanghai futures and a higher yen that makes yen-denominated assets less affordable in other currencies. The Tokyo Commodity Exchange (TOCOM) rubber
Published 28 Mar, 2017 12:00am
Oil lower again on doubts over duration of output cut

Oil lower again on doubts over duration of output cut

Oil resumed its slide on Monday as investors remained uncertain whether producing nations would extend an Opec-led output cut beyond the end of June in an effort to reduce a global glut of crude. On Sunday, a committee of ministers from Opec and outside p
Published 28 Mar, 2017 12:00am
Venezuela oil exports delayed by repairs at Jose port

Venezuela oil exports delayed by repairs at Jose port

Oil loading at Venezuela's main crude terminal has been delayed by a logistical problem at one of its three docks, a union leader and shipping sources said on Monday, another operational mishap for the crisis-hit Opec nation. The Jose port's western dock
Published 28 Mar, 2017 12:00am
Copper descends after Trump setback on healthcare reform

Copper descends after Trump setback on healthcare reform

Copper slid to a two-week low on Monday as funds cut bets on higher prices after US President Donald Trump's failure to push through healthcare reform fuelled concern about his ability to implement his economic policies. Benchmark copper on the London Met
Published 28 Mar, 2017 12:00am
US leads boycott of UN talks on nuclear weapons ban

US leads boycott of UN talks on nuclear weapons ban

More than 100 countries on Monday launched the first UN talks aimed at achieving a legally binding ban on atomic weapons, as Washington led an international boycott of a process it deems unrealistic. Before the conference had even begun, the US ambassador
Published 28 Mar, 2017 12:00am
Seven students, one teacher killed in Japan avalanche

Seven students, one teacher killed in Japan avalanche

An avalanche Monday killed seven Japanese high school students and a teacher on a mountain-climbing outing, and injured 40 more. More than 100 troops were deployed in a major rescue mission after the avalanche hit ski slopes in Tochigi prefecture north of
Published 28 Mar, 2017 12:00am
Strike paralyses French Guiana

Strike paralyses French Guiana

French Guiana was paralysed by a general strike on Monday that closed schools and shops and stoked fears of further instability in the French overseas territory. The French government appealed for calm in the South American territory which has been grippe
Published 28 Mar, 2017 12:00am
Japan loans Manila military planes for South China Sea

Japan loans Manila military planes for South China Sea

The Philippines Monday took delivery of two Japanese military surveillance aircraft to help it patrol vital sea lanes in the South China Sea, despite Manila's increasingly conciliatory stance to Beijing's claims over the disputed waters. Japan will lease
Published 28 Mar, 2017 12:00am
Czech leader says computer hacked with child porn

Czech leader says computer hacked with child porn

Czech President Milos Zeman has alleged that hackers based in the US state of Alabama put child pornography on one of his computers a year ago, his official website said Monday. The ex-communist known for staunch anti-Muslim, pro-Russian and pro-Chinese v
Published 28 Mar, 2017 12:00am
EU derails idea of free travel for teens

EU derails idea of free travel for teens

The European Union on Monday rejected a proposal to give all 18-year-olds free InterRail passes as too expensive, saying it would instead subsidise some travel for a few thousand students. Up to 7,000 European students will get bus, train or plane tickets
Published 28 Mar, 2017 12:00am
10 jihadists among 20 dead in Yemen attack

10 jihadists among 20 dead in Yemen attack

Ten people were killed Monday in a jihadist attack on a government building in southern Yemen that also saw 10 assailants die, including a suicide bomber, officials said. The suicide bomber rammed an explosives-laden car into the entrance of the local gov
Published 28 Mar, 2017 12:00am
UAE donates $54 million to Interpol

UAE donates $54 million to Interpol

The United Arab Emirates announced Monday it has donated $54 million (50 million euros) to the Interpol Foundation, as the country prepares to host a joint forum on global security. The funds will go towards seven Interpol projects including counter-terro
Published 28 Mar, 2017 12:00am
IS releases video threatening Iran

IS releases video threatening Iran

The Islamic State group threatened Iran for its role in the region's conflicts, in a rare Farsi-language propaganda video released on Monday. The 36-minute video, entitled "The Farsi Land: from Yesterday till Today", was issued through IS's social media c
Published 28 Mar, 2017 12:00am
BT Group fined

BT Group fined

British telecoms giant BT Group has been hit with a bill of around £350 million in fines and compensation following delays to high-speed cable installations by its broadband unit, a watchdog said Monday. BT has been fined a record £42 million (39 million
Published 28 Mar, 2017 12:00am
Turks in Germany start voting in Erdogan referendum

Turks in Germany start voting in Erdogan referendum

Turkish voters in Germany, as deeply split as those in their ancestral homeland, started casting early ballots on Monday in a referendum that could vastly boost President Recep Tayyip Erdogan's powers. Hundreds of expatriates lined up at consulates in Ger
Published 28 Mar, 2017 12:00am
Trump taps son-in-law to head bureaucracy overhaul

Trump taps son-in-law to head bureaucracy overhaul

US President Donald Trump has tapped son-in-law Jared Kushner to lead a new White House office, that aims to apply ideas from the business world to help streamline the government, the Washington Post reported Sunday. The White House Office of Innovation i
Published 28 Mar, 2017 12:00am
Mystery buyer snaps up Trump's childhood home for $2 million

Mystery buyer snaps up Trump's childhood home for $2 million

President Donald Trump's childhood home in the New York borough of Queens sold for $2.14 million on Tuesday - a premium price for the neighborhood - to an unknown buyer. Built by his father Fred in 1940 in the wealthy enclave of Jamaica Estates, the build
Published 28 Mar, 2017 12:00am
Thousands evacuated as 'monster' cyclone bears down on Australia

Thousands evacuated as 'monster' cyclone bears down on Australia

Thousands of people including tourists were evacuated Monday as northeast Australia braced for a "monster" cyclone packing destructive winds, with warnings of major structural damage and dangerous tidal surges. Cyclone Debbie has been forming off the coas
Published 28 Mar, 2017 12:00am
Kerber advances at Miami Open

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
First Pakistan Red Crescent Junior Squash opens

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
India set for win after Australian batting collapse

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
Record-equalling Williamson ton puts New Zealand on top

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
Balochistan Football moves into quarters stage

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
Bangladesh eye rare away glory in Sri Lanka

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
India's first FIFA tournament to be staged in Delhi

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
Nigeria sets new naira rate
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
Sterling jumps as high as $1.26 in Trump trade slump

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
Aussie, kiwi fall to multi-month lows on yen
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
Most Asian currencies hit multi-month highs

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
Sri Lankan rupee ends little changed
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
Bangladesh's interbank forex rates

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
Dollar index slides to near two-month low in Asia
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
China's yuan rises

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
FTSE hits one-month low as miners, Babcock slide
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
Sri Lankan shares slump to one-year low

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
Taiwan stocks up

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
Indian shares lower

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
European shares led lower by weaker miners after Trump setback

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
China stocks slip

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

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
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 28 Mar, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 28 Mar, 2017 12:00am
State Bank of Pakistan conversion rates
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
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 28 Mar, 2017 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

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

Published 28 Mar, 2017 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

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

Published 28 Mar, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (March 27, 2017).
Published 28 Mar, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (March 27, 2017).

Published 28 Mar, 2017 12:00am