News Archives for Print - 2017-03-31

Print - 2017-03-31

Russian truck drivers strike against road tax

Hundreds of truck drivers across Russia have stopped working, demanding that the government repeals a controversial transport levy, a coordinator told AFP Wednesday.

Published 31 Mar, 2017 12:00am

Currency

Cruise operator Carnival's profit tops estimates

Carnival Corp, the world's largest cruise operator, reported a better-than-expected quarterly profit on Tuesday, helped by higher ticket prices and on-board spending. The travel company's shares rose as much as 2.3 percent to a record high of $60.24 in ea

Published 31 Mar, 2017 12:00am

New budget test puts UK on front line in global drug price fight

Can society afford modern medicines? It's a question facing governments worldwide and nowhere more so than in Britain, where a new budget test due to take effect on April 1 threatens to throw up another hurdle to patients getting the drugs.

Published 31 Mar, 2017 12:00am

Aquind confident on $1.4 billion France-UK power link despite Brexit

Private investment firm Aquind is confident of raising the cash needed to build its planned 1.1 billion pound ($1.4 billion) power link between Britain and France, despite Britain's move to leave the European Union, a board member told Reuters.

Published 31 Mar, 2017 12:00am

Philippines seeks investors to power growth, extra 7,000 MW needed

The Philippines needs to build an additional 7,000 megawatts of power generation capacity over the next five years to support its fast-growing economy and wants foreign investors to help, its energy minister said on Monday.

Published 31 Mar, 2017 12:00am

Airbus sales chief sees some export credit cover in 2017

Airbus expects to have access to European export credit financing on a "case by case" basis in 2017, its sales chief said on Monday, granting it a respite from a series of setbacks.

Published 31 Mar, 2017 12:00am

TRX joins Cornerstone in US residential rental venture

A unit of Brazil's TRX Holding Investimentos has entered a joint venture to buy and renovate multi-family housing projects in the United States, hoping to profit from the residential rental market in the world's largest economy.

Published 31 Mar, 2017 12:00am

Armenia eyes sustainable economic growth from 2018: Prime Minister

Armenia is ready to take unpopular steps including cutting state spending and eliminating barriers to private investment in order to get the ailing economy back on a sustainable footing by next year, its prime minister said.

Published 31 Mar, 2017 12:00am

Indonesia mining policy shift sparks fresh turmoil

A controversial U-turn on mineral exports has sparked turmoil in Indonesia's key mining sector, providing a fresh headache for firms struggling to work in Southeast Asia's biggest economy. Despite sitting atop some of the world's most abundant natural res

Published 31 Mar, 2017 12:00am

Canaccord Genuity looks to expand business in Middle East, Indea

Canadian financial services group Canaccord Genuity's aims to double the contributions to its investment banking business from the Middle East and India in the next five years, its regional head told Reuters.

Published 31 Mar, 2017 12:00am

Russia's VTB plans to slim down in Europe, keep London as hub

Russian bank VTB plans to cut costs by slimming down its operations in the European Union to focus on Frankfurt while keeping London as the base for its investment banking business, the bank's first deputy president said. The reorganisation of VTB's Europ

Published 31 Mar, 2017 12:00am

BoJ expected to pull back from stimulus, maybe as early as this year

The Bank of Japan's next move will be to start phasing out its ultra-easy monetary policy, according to a majority of economists polled by Reuters in a dramatic turnaround of expectations from just two months ago.

Published 31 Mar, 2017 12:00am

Currency

China coal imports from North Korea surge in February

The value of China's coal imports from North Korea surged nearly 40 percent in February, official data shows - the same month Beijing vowed to suspend the trade over Pyongyang's nuclear and missile tests. China imported $97.6 million worth of North Korean

Published 31 Mar, 2017 12:00am

Bailout candidate Pop Vicenza posts big loss, bleeds deposits

Italy's Banca Popolare di Vicenza posted a 1.9 billion euro ($2 billion) loss for 2016 and said it was bleeding deposits, raising doubts over whether regulators will deem the regional bank viable and approve its request for state aid. Popolare di Vicenza

Published 31 Mar, 2017 12:00am

UK cars may never meet 'Made in Britain' threshold

Britain's car industry may never be able to boost the level of local content to over half in its cars to meet the standards set in some bilateral trade agreements, the chief executive of the country's biggest carmaker Jaguar Land Rover told Reuters.

Published 31 Mar, 2017 12:00am

Balkans food retail giant struggles with debt

Troubled Agrokor, the Balkans' main food maker and retailer, made it to the top of Croatia's political agenda Thursday when Prime Minister Andrej Plenkovic tried to calm fears over its crushing debt. The Agrokor concern directly employs some 60,000 people

Published 31 Mar, 2017 12:00am

German steel workers to get four percent wage hike by 2018

Around 72,000 German steel workers will get a 2.3 percent pay hike from April, and another 1.7 percent from next May in a deal struck overnight, one of several sectors in Europe's largest economy to give workers a solid wage rise this year.

Published 31 Mar, 2017 12:00am

Nigeria seeks return to strong growth with sweeping reform plan

Nigeria unveiled a sweeping economic recovery plan on Tuesday, including measures to reduce its dependence on oil and to relax foreign exchange restrictions, in a drive to pull Africa's largest economy out of its first recession in 25 years.

Published 31 Mar, 2017 12:00am

Oil-for-loan debts cost Venezuela's PDVSA hard-won India market share

Venezuela's state-run oil company, PDVSA, has spent at least a decade trying to build business ties and boost shipments to refineries in India, where crowds once welcomed the late socialist leader Hugo Chavez with cries of "Viva!"

Published 31 Mar, 2017 12:00am

Banks to London staff: no panic as Britain launches EU divorce process

Banks in Britain have tried to reassure their London staff over possible Brexit disruption, including a shift in jobs to continental Europe, as Prime Minister Theresa May triggered formal EU divorce proceedings on Wednesday.

Published 31 Mar, 2017 12:00am

UK financial sector proposes untested system to keep EU access

Britain's financial sector is drawing up proposals on how it could still serve EU clients after Brexit, even as firms begin establishing new operations on the continent to keep access to the European market.

Published 31 Mar, 2017 12:00am

Debt stress in Australian mining towns vexes investors

Australia's quarter-century run of uninterrupted economic growth has made its property market one of the world's most expensive, but mortgage pain in towns hit by a commodities downturn is beginning to be felt in parts of the financial system.

Published 31 Mar, 2017 12:00am

Lamborghini open to considering all-electric supercar

Lamborghini is open to an all-electric addition to its line-up of luxury sports cars, its chief executive said on Wednesday, evidence that German parent Volkswagen's interest in producing zero-emission vehicles could extend to the very top end of its bran

Published 31 Mar, 2017 12:00am

EU warns banks may face higher bad loan risk when ECB tightens

European Union banks may face increasing risks from bad loans totalling 1 trillion euros ($1.1 trillion) when the European Central Bank cuts back its economic stimulus programme, internal EU documents seen by Reuters said.

Published 31 Mar, 2017 12:00am

Spanish GDP seen taking a hit from brexit

Britain's exit from the European Union will trim 0.2-0.4 percentage points off Spain's gross domestic product growth, according to a government report published Friday by daily newspaper El Pais. Spain's top priority in Brexit talks will be to keep worker

Published 31 Mar, 2017 12:00am

Britain's new pound coin enters circulation

Britain's new £1 coin with the symbols of England, Scotland, Wales and Northern Ireland goes into circulation from Tuesday on the eve of the launch of a Brexit process that has put national unity in doubt.

Published 31 Mar, 2017 12:00am

China's banks to see slower asset growth this year

China's banks will see slower asset growth this year as regulators curb risk in the financial industry, said the chairman of China Zheshang Bank Co, one of the fastest-growing listed Chinese lenders.

Published 31 Mar, 2017 12:00am

India expects a prompt integration between oil, refining firms

The Indian government expects domestic oil companies now working to combine their exploration and refining operations to show progress by the end of 2017, the country's oil minister said on Monday. India has about a dozen state-run oil and gas firms, incl

Published 31 Mar, 2017 12:00am

Canada seeks more trade with post-Brexit Britain: Trudeau

Canada will want to bolster trade with Britain after it secedes from the European Union, Prime Minister Justin Trudeau assured Wednesday. "The United Kingdom remains a friend and ally and economic partner and we will, of course, work with them as they go

Published 31 Mar, 2017 12:00am

EDF tries new fixes in effort to restart nuclear reactors

EDF is employing new techniques in a bid to restart four nuclear reactors that have been idled for months due to a series of glitches, a top executive at the French utility said. EDF had to close two of the reactors following the discovery of manufacturin

Published 31 Mar, 2017 12:00am

Currency

Egypt's cabinet approves 2017-18 budget, targeting 9.1 percent deficit

Egypt's cabinet approved the 2017/18 budget on Wednesday, targeting a 9.1 percent deficit for the year, Finance Minister Amr El-Garhy said.

Published 31 Mar, 2017 12:00am

Bertelsmann bets on digital media, global expansion

German media and publishing group Bertelsmann Tuesday presented ambitious objectives for 2020, as its bets on digital and international expansion paid off with a second one-billion-euro annual profit in 2016.

Published 31 Mar, 2017 12:00am

Florida eco-friendly town opens for business

With a farm-to-table restaurant, driverless shuttles, homes built with the latest green techniques and a massive solar farm to offset energy use, Florida's first sustainable town is now open for business.

Published 31 Mar, 2017 12:00am

Bulgaria says not sufficient proof of oil price fixing

Bulgaria's competition watchdog on Wednesday overturned an earlier finding that six major oil firms had fixed fuel and diesel prices in the country, saying its probe failed to yield "sufficient" proof in the end.

Published 31 Mar, 2017 12:00am

Toshiba's US nuclear unit files for bankruptcy protection

Toshiba's loss-hit US nuclear unit Westinghouse Electric Company has filed for bankruptcy protection, the companies said Wednesday, as the troubled division wrestles with huge losses and accounting fraud claims.

Published 31 Mar, 2017 12:00am

South Korea exports seen rising for 5th month, spat with China not a worry

South Korean exports were expected to rise in March for a fifth straight month in annual terms although slightly slower than they did in February, a Reuters poll found on Wednesday, lending more evidence that global economic growth is recovering.

Published 31 Mar, 2017 12:00am

EU stalls Russian gas pipeline, but probably won't stop it

Russia has the European Union in a bind. The bloc is divided between eastern European and Baltic Sea countries that see a new pipeline carrying Russian gas across the Baltic making the EU a hostage to Moscow - and those in northern Europe, most especially

Published 31 Mar, 2017 12:00am

UK-based banks already knocking on Germany's door: Bundesbank

Banks seeking to leave London because of Brexit are already holding talks about moving to Frankfurt but they will not be offered any special exemption from the regulations, a senior board member of Germany's central bank told Reuters.

Published 31 Mar, 2017 12:00am

Qatar Investment Authority to sell 40 percent of Santander Brasil stake

Qatar Investment Authority (QIA) has put as many as 80 million units of Banco Santander Brasil SA up for sale, liquidating 40 percent of its position after shares more than doubled over the past year.

Published 31 Mar, 2017 12:00am

Qatar Investment Authority to sell 40 percent of Santander Brasil stake

Published 31 Mar, 2017 12:00am

The DNA of oil wells - US shale enlists genetics to boost output

A small group of US oil producers has been trying to exploit advances in DNA science to wring more crude from shale rock, as the domestic energy industry keeps pushing relentlessly to cut costs and compete with the world's top exporters.

Published 31 Mar, 2017 12:00am

EU rapid drug approval plan worries some national agencies

A push by the European Medicines Agency to speed up the approval of new drugs that show promise is running into resistance from some of the national agencies that will ultimately decide whether the medicines are worth buying.

Published 31 Mar, 2017 12:00am

Currency

Fitch eyes pick-up in Azeri economic growth in 2017-18

Fitch Ratings sees a pick-up in Azerbaijan's economic growth this year, driven by signs of macroeconomic and exchange rate stability as well as a possible rise in capital spending. The slide in the price of oil, which with gas accounts for about 75 percen

Published 31 Mar, 2017 12:00am

As oil output grows, BP keeps refining stable, expands retail

BP has no plan to build new refineries despite growing oil production and will focus on modernising existing plants while expanding its network of filling stations to generate $3 billion in additional cash. The group's head of refining told Reuters that e

Published 31 Mar, 2017 12:00am

Goldman Sachs reassures staff over Brexit in voicemail

Goldman Sachs sought to reassure London-based staff over potential disruption to its business as Britain prepares to leave the European Union, in a voicemail to staff sent by the Wall Street firm's Europe CEO. British Prime Minister Theresa May will trigg

Published 31 Mar, 2017 12:00am

LIA chief Ali Shamekh targets inward investment, London office

Libya's $66 billion sovereign fund should invest in domestic power and energy infrastructure but must first unite the factions battling to control it and get sanctions on its assets lifted, one of its leaders said.

Published 31 Mar, 2017 12:00am

German engineering industry expects rise in exports to US

Germany's engineering association expects exports to its top foreign market, the United States, to rise this year after a slide in 2016 as business sentiment is underpinned by a rising oil price and the absence of last year's election uncertainty.

Published 31 Mar, 2017 12:00am

Ride-hailing firm Careem on lookout for acquisitions, IPO an option

Dubai-based ride-hailing company Careem is looking for acquisition opportunities and is considering an initial public offering as a possible option but has no timeframe in mind, its founder and CEO said.

Published 31 Mar, 2017 12:00am

Ride-hailing firm Careem on lookout for acquisitions, IPO an option

Published 31 Mar, 2017 12:00am

Spooked by yield rise, ECB wary of changing message again

European Central Bank policymakers are wary of making any new change to their policy message in April after small tweaks this month upset investors and raised the spectre of surging borrowing costs for the bloc's indebted periphery, six sources told Reute

Published 31 Mar, 2017 12:00am

Algeria foreign reserves to stay over $100 billion this year

Algeria's foreign exchange reserves will come to at least $100 billion by the end of 2017 thanks to measures aimed at further reducing the country's import bill, Prime Minister Abdelmalek Sellal said on Monday.

Published 31 Mar, 2017 12:00am

Britain seeks to plug skills shortages sapping productivity

British manufacturer Grainger & Worrall makes millions of pounds casting complex aluminium engine blocks for Formula One and other high-performance cars. But it has hit a problem when it comes to a more basic issue: finding skilled workers.

Published 31 Mar, 2017 12:00am

Cotton

PMEX daily trading report

On Wednesday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,005. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 3.70 billion and the number of lots traded was 10,685.

Published 31 Mar, 2017 12:00am

Palm oil higher on European vegoils market

Palm oil on the European vegetable oils market were mostly higher on Tuesday as both Malaysian futures and CBOT soyaoil regained some ground after recent declines. RBD palm olein for July/September shipment last traded at $620 per tonne, up $2.50 from Mon

Published 31 Mar, 2017 12:00am

Activities at Karachi and Qasim ports

The Karachi Port handled 180,467 tonnes of cargo comprising 155,143 tonnes of import cargo and 25,324 tonnes of export cargo including 7,456 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1

Published 31 Mar, 2017 12:00am

Cotton

Steady trend on modest business

Prices remained steady on the cotton market on Thursday in the process of modest trading activity, dealers said. The official spot rate was unchanged at Rs 6750, they said. In Punjab, prices of seed cotton were at Rs 3700-3800, as per 40 kg, they said. In

Published 31 Mar, 2017 12:00am

Cotton

Depleting stocks keep cotton prices firm

With barely 325,000 bales (155 Kgs) of cotton from the current crop (August 2016/July 2017) left unsold with the ginners, prices remain mostly steady veering towards a tighter disposition. Thus the price of lint cotton from both Sindh and Punjab is genera

Published 31 Mar, 2017 12:00am

Cotton

Depleting stocks keep cotton prices firm

Published 31 Mar, 2017 12:00am

Cotton

Pak-Thai FTA to be finalised in next six months: envoy

Suchart Liengsaengthong, Ambassador of Thailand said Pakistan and Thailand had been negotiating Free Trade Agreement for the last one year and hopefully the FTA would be finalised within next six months. He said FTA would bring down tariffs and remove oth

Published 31 Mar, 2017 12:00am

70 INGOs granted approval under registration policy framework

Almost 70 INGOs have been granted approval under the new INGOs registration policy framework devised on the directives of Interior Minister Chaudhry Nisar Ali Khan, says a press release issued here on Thursday.

Published 31 Mar, 2017 12:00am

18-hour long outage makes life miserable in Peshawar

PESCO authorities have resorted to unprecedented and intolerable exercise of carrying out 18 hours electricity load shedding on Warsak Road of Peshawar, making life miserable for the residents of the area. According to the residents of Warsak Road, a sudd

Published 31 Mar, 2017 12:00am

18-hour long outage makes life miserable in Peshawar

Published 31 Mar, 2017 12:00am

SECP initiates winding up proceedings against 90 firms

The Securities and Exchange Commission of Pakistan (SECP) has initiated winding up proceedings against 90 companies and 10-12 cases have been referred to the courts for completion of winding up process.

Published 31 Mar, 2017 12:00am

FTA talks with Turkey in final stage: envoy

Consul General of Pakistan in Istanbul Dr Yousaf Junaid has said that Pakistan Turkey Free Trade Agreement (FTA) talks are in the final stage of conclusion. He was addressing a "Pakistan Day" reception hosted in Istanbul, said a press release issued here

Published 31 Mar, 2017 12:00am

Huge quantity of non-duty paid cigarettes seized

Directorate General, Intelligence & Investigation, Inland Revenue has conducted three raids/searches at Hyderabad Faisalabad and Lahore and recovered huge quantity of non-duty paid local branded and counterfeit cigarettes.

Published 31 Mar, 2017 12:00am

NWA tribesmen get first royalty for minerals

For the first time, the tribal people of North Waziristan Agency have been given royalty for the natural resources in their region. Now, extraction of minerals is under way in the agency, near the Pak-Afghan border. Delighted over getting the royalty, loc

Published 31 Mar, 2017 12:00am

NA panel approves bill on HIV/AIDS

The National Assembly Standing Committee on National Health Services, Regulations and Coordination on Thursday approved 'The HIV/AIDS (Safety and Control) Bill' unanimously and deferred two other bills after the debate. A meeting of the committee was held

Published 31 Mar, 2017 12:00am

The Criminal Law (Amendment) Bill 2017 approved

A parliamentary body on Thursday unanimously approved "The Criminal Law (Amendment) Bill 2017" seeking rigorous punishment for people found involved in gruesome crime of cannibalism. A sub-committee of National Assembly Standing Committee on Interior, whi

Published 31 Mar, 2017 12:00am

Tributes paid to Nigar Ahmad

Glowing tributes were paid to late Nigar Ahmad, the founder of Aurat Foundation and one of the pioneers of Women's Action Forum, with passionate vows to continue her mission of establishing a peaceful, tolerant, just and caring society. The tribute was pa

Published 31 Mar, 2017 12:00am

Middle-man won't be allowed to exploit farmers: Shahbaz

Different suggestions regarding procurement campaign for wheat purchase year 2017-18 were reviewed in a high-level meeting presided over by Chief Minister Shahbaz Sharif, here Thursday.While addressing the meeting, Shahbaz Sharif said that by God's grace

Published 31 Mar, 2017 12:00am

Stop province-specific development: Kaira

President PPP Punjab Qamar Zaman Kaira has urged the government to stop province-specific development and create a balance in doling out funds to all provinces. He was talking to media on Wednesday, saying that the Punjab government was wasting public fun

Published 31 Mar, 2017 12:00am

Sarmad elected APNS president

The APNS has elected Sarmad Ali as President, Kazi Asad Abid as Senior Vice President, Mehtab Khan as Vice President, Umer Mujib Shami as Secretary General, S.M. Munir Jilani as Joint Secretary and Waseem Ahmed as Finance Secretary of the Society for the

Published 31 Mar, 2017 12:00am

Specialised surveillance department to arrest insider traders: SECP chief

There is a specialised market surveillance department at the Securities and Exchange Commission of Pakistan (SECP), to catch vigorously insider traders, front-runners and manipulators, said SECP Chairman Zafar Hijazi during an interactive session with jou

Published 31 Mar, 2017 12:00am

Keel-laying ceremony of Fast Attack Craft held at KS&EW

The keel laying ceremony of Fast Attack Craft (Missile) No. 4 being built for Pakistan Navy was held at Karachi Shipyard & Engineering Works (KS&EW) here on Thursday. Admiral Muhammad Zakaullah the Chief of the Naval Staff was the chief guest on the occas

Published 31 Mar, 2017 12:00am

Karandaaz, Techlogix sign accord

Karandaaz Pakistan has signed an agreement with Techlogix to invest USD 1.5 million in the company with the vision to scale three new cloud-based verticals - Business Management Software for higher education institutions; Hospital Management Information S

Published 31 Mar, 2017 12:00am

Belgian envoy for stronger trade ties with Pakistan

The ambassador of Belgium, Frederick Verheyden, has said that Karachi is an important city which offers ample opportunities to Belgian investors who are keen to enhance trade and investment in this region.

Published 31 Mar, 2017 12:00am

Customs duty on imported tetra pack milk revised

Directorate General Customs Valuation (DGCV) on Thursday revised the customs duty on imported tetra pack milk under section 25(9) of the Customs Act, 1969.

Published 31 Mar, 2017 12:00am

Khushal Express escapes major disaster

Khushal Khan Khattak Express escaped a major disaster when police caught a man who was planting a bomb in Attal More area near Jacobabad on Wednesday night. According to details, SHO of A Section Police Station in Tehsil Thal on a tip-off arrested an accu

Published 31 Mar, 2017 12:00am

World Water Day celebrated

Indus consortium in collaboration with SGAFP/USAID celebrated World Water Day organised at Sindh Agriculture University Tandojam under the theme 2017 "Waste Water" on March 30 2017. Fayaz Ali Abassi, Project Manager Indus Consortium Badin Unit, hosted the

Published 31 Mar, 2017 12:00am

Adviser exhorts officials to restore PIA's past glory

Adviser to the Prime Minister on Aviation, Sardar Mehtab Ahmed Khan, has stressed the need for turning the national flag carrier profitable as well as for fulfilling consumers' expectations as envisioned by the premier Muhammad Nawaz Sharif.

Published 31 Mar, 2017 12:00am

Five killed in two separate mishaps

At least five people were killed and six others injured in two separate mishaps in Gwadar and Quetta on Thursday. According to details, three persons were killed and one seriously injured when roof of a house collapsed in Gwadar on Thursday. Levies source

Published 31 Mar, 2017 12:00am

Naval chief inaugurates Bahria Model School at Younusabad

Education is indispensable for the progress and development of a society and basic right of every child, said Chief of the Naval Staff Admiral Muhammad Zakaullah at the inauguration ceremony of Bahria Model School, at Younusabad, on Thursday.

Published 31 Mar, 2017 12:00am

Bodies of boy & girl found in Thatta

The police recovered dead bodies of a boy and a girl here on Thursday which were shifted to hospital for post-mortem. Police said that bodies of the two were recovered from Bhanbour Crack area of district Thatta in Sindh. The deceased girl Sameena hailed

Published 31 Mar, 2017 12:00am

BoP profit after tax increases to Rs 4.858 billion

The profit after tax of Bank of Punjab (BoP) has increased to Rs 4.858 billion in the year ended December 31, 2016 as compared to Rs 4.748 billion earned in the corresponding period in 2015. The Bank's earning per share (basic and diluted) increased to Rs

Published 31 Mar, 2017 12:00am

Foreign investment: National policy on e-commerce in the offing: Wathra

The State Bank of Pakistan (SBP) and the ministry of commerce are developing a National Policy on e-Commerce to attract foreign investment for establishing a desired digital market in the country.

Published 31 Mar, 2017 12:00am

City School honours 557 students for outstanding achievements in CIEs

The City School has honoured 557 of its students for their outstanding achievements in Cambridge International Examinations. Michael O' Sullivan, CEO of Cambridge International Examinations was the chief guest at the City School's ceremony where award win

Published 31 Mar, 2017 12:00am

KCCI's membership dept to remain open on 31st

The Karachi Chamber of Commerce and Industry (KCCI), in a statement, informed all its members that KCCI's Membership Department will remain operational on March 31, 2017 till 5:00PM for renewal of membership. The membership Department will remain operatio

Published 31 Mar, 2017 12:00am

KP government expresses reservations over census process

Expressing serious reservations over the ongoing census, Khyber Pakhtunkhwa (KP) government has pointed out a number of blunders in the process, especially on neglect of overseas Pakistanis. It urged the federal government to ensure registration of all ex

Published 31 Mar, 2017 12:00am

PARTLY FACETIOUS: "He delivered a hat-trick!"

"He delivered a hat-trick!"

Published 31 Mar, 2017 12:00am

Currency

Dollar edges up to nine-day high in Asia

The dollar edged up to a nine-day high against a basket of currencies on Thursday, with the euro sagging as the European Central Bank showed no sign of stepping away from monetary easing anytime soon. The US currency was up 0.3 percent at 111.385 yen, put

Published 31 Mar, 2017 12:00am

Currency

German inflation data pushes euro lower in Europe

Low readings for German inflation drove the euro back to nine-day lows against the dollar on Thursday. Dollar bulls are still recovering from the collapse in faith in the "Trumpflation" trade caused by last week's defeat for the White House on healthcare

Published 31 Mar, 2017 12:00am

Currency

Early trade in New York: dollar flat as weak eurozone data offsets Trump report

The dollar was flat on Thursday after weak reports on euro zone inflation took the edge off news that US President Donald Trump's administration was studying ways to "penalize currency manipulators" to fulfill a campaign pledge.

Published 31 Mar, 2017 12:00am

Currency

Dollar jumps against basket of currencies in New York

The dollar rose to its highest in more than a week against a basket of currencies on Wednesday on outlooks for US and European interest rates and as investors saw the selloff that followed US President Donald Trump's healthcare setback as overdone.

Published 31 Mar, 2017 12:00am

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 79.67-79.68 (previous 79.67-79.67).

Published 31 Mar, 2017 12:00am

Asian currencies edge lower

Most Asian currencies edged lower versus the dollar on Thursday, as weakness in the euro helped bolster the greenback, with China's yuan touching its lowest level in nearly a week. The Chinese yuan slipped to 6.8956 per US dollar at one point, its lowest

Published 31 Mar, 2017 12:00am

Sri Lankan rupee steady

The Sri Lankan rupee ended steady on Thursday as importer dollar demand in late trades offset inward remittances and selling of the greenback by exporters, dealers said. Rupee forwards were active, with two-week forwards closing unchanged at 152.55/65 per

Published 31 Mar, 2017 12:00am

Sterling climbs, heads for first quarterly gain vs dollar since 2015

Sterling rose on Thursday and was on track for its first quarterly gain against the dollar for almost two years as analysts bring forward their expectations of a UK interest rate rise.

Published 31 Mar, 2017 12:00am

Currency

Aussie up, kiwi steadies

The Australian dollar hit a one-week high on Thursday after two straight winning sessions, in part led by foreign funds flowing into the equity market and a bounce in commodity prices. The Australian dollar held at $0.7668, after rising to $0.7676 - the h

Published 31 Mar, 2017 12:00am

In Iraq, UN chief Guterres calls for protection of civilians

UN chief Antonio Guterres called Thursday for protection of civilians to be the "absolute priority" as he visited Iraq, where hundreds of thousands are caught up in the battle for Mosul.

Published 31 Mar, 2017 12:00am

Kim body to be sent to North Korea, Malaysians freed

The body of the assassinated half-brother of North Korea's leader will be sent to Pyongyang and nine Malaysians freed under a joint agreement announced Thursday, ending a bitter feud between the two countries.

Published 31 Mar, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 18	277.72
USD PKR Interbank Buying / Oct 18	277.52
USD to Japanese Yen / Oct 18	150.08
USD to Swiss Franc / Oct 18	0.87
Pound Sterling to USD / Oct 18	1.31
Euro to USD / Oct 18	1.08

Stock	Volume
S&P 500 / Oct 17	5,841.47
Nasdaq / Oct 17	18,373.61
Dow Jones / Oct 17	43,239.05
India Sensex / Oct 18	81,255.34
Tokyo Nikkei / Oct 18	38,981.75
Hang Seng / Oct 18	20,782.51
FTSE 100 / Oct 18	8,357.65
Germany DAX 30 / Oct 18	19,583.37

Item	Value
Gold 10 Grams PKR / Oct 17	238,254
Petrol/Litre / Oct 18	247.03
Crude Oil USD/Barrel / Oct 18	71
Karachi Cotton PKR/37.32 KG / Oct 18	17,885
Gold Spot USD/Ounce / Oct 18	2,708.54
Diesel/Litre / Oct 18	251.29

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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