News Archives for Print - 2017-04-09 - Business Recorder

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Print - 2017-04-09

Actress Aisha Khan hosts Physiogel's Skin Heaven Bloggers' Meet

Actress Aisha Khan hosts Physiogel's Skin Heaven Bloggers' Meet

Celebrated actors Aisha Khan and Faizanul Haque attended Physiogel's Skin Heaven Bloggers' Meet at the X2 Café. Khan who is an Official Brand Ambassador for Physiogel was the host of the event.

Published 09 Apr, 2017 12:00am

Income tax laws

Income tax laws

Income tax in Pakistan is being executed by the Income Tax Ordinance 2001 (hereinafter referred to as "Ordinance") and Income Tax Rules 2002 (hereinafter referred to as "Rules"). A number of improvements have been witnessed in the ordinance and rules for

Published 09 Apr, 2017 12:00am

Laser weapons edge toward use in US military

Laser weapons edge toward use in US military

A sci-fi staple for decades, laser weapons are finally becoming reality in the US military, albeit with capabilities a little less dramatic than at the movies. Lightsabers - the favoured weapon of the Jedi in "Star Wars" films - will remain in the fiction

Published 09 Apr, 2017 12:00am

As inequality grows, Brazilians irked by tax to ousted royal heirs

As inequality grows, Brazilians irked by tax to ousted royal heirs

With its colonial mansions, landscaped gardens and ornate fountains, the town of Petropolis, a traditional haunt of Brazil's last monarch Dom Pedro II, retains a grandeur that has not faded since he was forced into exile in 1889. But beneath the opulent s

Published 09 Apr, 2017 12:00am

A friend in need ...

A friend in need ...

National Security Adviser Lieutenant General Nasir Janjua (Retd) has clearly and unambiguously explained why the PML-N government allowed former army chief General Raheel Sharif to lead the Saudi-led military alliance. According to him, the Saudis had inc

Published 09 Apr, 2017 12:00am

Case registered against PTI's MNA Alvi & MPAs

Case registered against PTI's MNA Alvi & MPAs

A case has been launched against Pakistan Tehreek-e-Insaf's (PTI) Member National Assembly (MNA) Dr Arif Alvi, three Members Provincial Assembly (MPAs) and three counsellors for rioting during protest on Saturday. As per details, the case has been filed b

Published 09 Apr, 2017 12:00am

Uzair Baloch, his brother acquitted in one case

Uzair Baloch, his brother acquitted in one case

The district and session court in Karachi on Saturday acquitted Uzair Baloch and Zubair Baloch in one case. The session judge was hearing the case during which prosecutor failed to provide proof against Lyari gangsters Uzair Baloch and his brother. The co

Published 09 Apr, 2017 12:00am

JS Bank hosts dinner at KPC

JS Bank hosts dinner at KPC

JS Bank hosted a dinner for friends including prominent personalities of the media at the Karachi Press Club. Speaking on the occasion, Imran Shaikh, Head of Corporate Communication JS Bank welcomed all the friends and gave an overview on JS Bank's latest

Published 09 Apr, 2017 12:00am

Pakistan, Saudi Arabia tied with stronger bonds: PM

Pakistan, Saudi Arabia tied with stronger bonds: PM

Prime Minister Muhammad Nawaz Sharif Saturday said the relations between Pakistan and Saudi Arabia have become closer and stronger and the peoples of both countries have lot of respect for each other. The Prime Minister was talking to Imaam-e-Ka'abah Shei

Published 09 Apr, 2017 12:00am

Imam-i-Kaaba urges Muslims to promote unity

Imam-i-Kaaba urges Muslims to promote unity

Deputy Speaker National Assembly of Pakistan, Murtaza Javed Abbasi called on Imam-e-Ka'aba Sheikh Saleh Bin Ibrahim in Parliament House, today. Imam-e-Ka'aba was received by Murtaza Javed Abbasi, Deputy Speaker National Assembly, Ministers and large numbe

Published 09 Apr, 2017 12:00am

Muslim Ummah least concerned about Syria: PIMA

Muslim Ummah least concerned about Syria: PIMA

A press brief released by Pakistani Islamic Medical Association (PIMA) on Saturday said that Syria is burning and Muslim Umma along with its inhabitants is least concerned about the grave situation in Syria. Innocent Muslim women, children and armless peo

Published 09 Apr, 2017 12:00am

NBWs for Farooq Sattar et al. issued

NBWs for Farooq Sattar et al. issued

An anti-terrorism court on Saturday extended interim bail for MQM Pakistan leaders Khawaja Izhar, Rauf Siddiqui and others till May 20, while non-bailable warrants for the MQM founder, Farooq Sattar, and others were issued in the case of facilitation in t

Published 09 Apr, 2017 12:00am

'LeJ men' indicted in MQM MPA's murder

'LeJ men' indicted in MQM MPA's murder

Anti-terrorism Court on Saturday indicted four alleged terrorists of banned Lashkar-e-Jhangvi (LeJ) for involvement in murder of a Muttahida Qaumi Movement (MQM) MPA and his son. The court also declared the absconding accused in the case as proclaimed off

Published 09 Apr, 2017 12:00am

Three bodies found in Karachi

Three bodies found in Karachi

At least three dead bodies were recovered from different parts of Karachi on Saturday. Police recovered a dead body from a car parked in Pathan Goth area of Gulshan Johar. There were torture marks on the body. A First Information Report (FIR) was lodged i

Published 09 Apr, 2017 12:00am

Massive blaze at Tariq plaza doused

Massive blaze at Tariq plaza doused

The fire that erupted at Tariq Plaza in Karachi's Nazimabad area was extinguished after the struggle of 23 hours on Saturday. According to details, the blaze broke out at a residential plaza after which three fire tenders arrived at the scene but there wa

Published 09 Apr, 2017 12:00am

'My Karachi' fair attracts crowd

'My Karachi' fair attracts crowd

Head of 7-member British Parliamentary delegation Rehman Chishti MP, while terming Pakistan as 'land of opportunities', said that the country has huge potential as there are plenty of business opportunities in Pakistan, particularly in Karachi, which is t

Published 09 Apr, 2017 12:00am

Fire engulfs goods worth millions

Fire engulfs goods worth millions

Traders incurred losses worth over millions of rupees as fire broke out in four warehouses near Ravi Road police precincts here on Saturday. According to Rescue 1122, the fire broke out due to a short circuit which engulfed all the goods in the warehouses

Published 09 Apr, 2017 12:00am

LCCI demands installation of fire hydrants at markets

LCCI demands installation of fire hydrants at markets

While expressing grave concern over repeated fire incidents and loss of billions to the business community, the Lahore Chamber of Commerce and Industry (LCC) has urged the governments to ensure installation of fire hydrants at those market places which ar

Published 09 Apr, 2017 12:00am

Somali consulate robbed

Somali consulate robbed

Seven armed men robbed Somalia's honorary consulate in Block 5 Clifton in Karachi early Saturday. The men took two security guards and two staff members, hostage, after they entered the premises at 3 am on Saturday, Honorary Counsellor Saif-ur-Rehman told

Published 09 Apr, 2017 12:00am

Sherpao seeks KP's due share in CPEC

Sherpao seeks KP's due share in CPEC

Qaumi Watan Party Chairman Aftab Ahmed Khan Sherpao has demanded the central government to give its due right to Khyber Pakhtunkhwa (KP) in China-Pakistan Economic Corridor which included the electricity facility to overcome the unannounced and excessive

Published 09 Apr, 2017 12:00am

Crime rate continues to surge in Islamabad

Currency

Crime rate continues to surge in Islamabad

Criminal elements continue to rule the roost in the federal capital as they struck at 14 different places during the last week and deprived citizens of money and valuables worth millions of rupees. The robbers and dacoits looted houses and shops at gunpoi

Published 09 Apr, 2017 12:00am

'International mine awareness day' marked

'International mine awareness day' marked

Pakistan Red Crescent (PRC) Fata with support of ICRC Peshawar celebrated 'International Day of Mine Awareness & Assistance in Mine Action' in Mohmand tribal Agency. In the program people from different walks of life, members Managing board from different

Published 09 Apr, 2017 12:00am

President for formation of international Ulema group to tackle extremism

President for formation of international Ulema group to tackle extremism

President Mamnoon Hussain Saturday called for establishing an international group, comprising of Ulema and religious scholars who should present true picture of Islam in order to arrest the trend of extremism and try to bring the misled, back to normal li

Published 09 Apr, 2017 12:00am

Senate to celebrate Constitution Day tomorrow

Senate to celebrate Constitution Day tomorrow

The Senate, in collaboration with the four federating units will celebrate "Constitution Day" tomorrow (Monday). This year's theme of commemoration is "Enhancement of Role and Powers of Senate of Pakistan; to protect the rights of the Federating Units." T

Published 09 Apr, 2017 12:00am

NA session summoned on April 12

NA session summoned on April 12

President Mamnoon Hussain has summoned the Session of National Assembly on Wednesday at the Parliament House, Islamabad. According to an official statement issued by President Secretariat on Saturday, the President has summoned the National Assembly Sessi

Published 09 Apr, 2017 12:00am

Rabbani flays US air strike in Syria

Rabbani flays US air strike in Syria

Chairman Senate, Raza Rabbani has condemned the US attack on Syria and asked the government for convening joint session of the parliament to enable the leadership of all ideological political parties to hold deliberation and find better way out for the se

Published 09 Apr, 2017 12:00am

Six suspects nabbed under NAP

Six suspects nabbed under NAP

Islamabad Koral Police on Saturday conducted search operation in its respective jurisdiction following National Action Plan and nabbed six suspects including four wanted, a police spokesman said, according to a PR issued here. Following directions of Mini

Published 09 Apr, 2017 12:00am

Exporters fear loss as duty drawback payment delayed

Exporters fear loss as duty drawback payment delayed

The value-added textile exporters are exposed to heavy financial losses as they have passed on the benefit of cut in cost to the international buyers immediate after the announcement of PM incentive package to the export-oriented industry but not a single

Published 09 Apr, 2017 12:00am

CPEC transforms Pakistan into regional hub: Ahsan

CPEC transforms Pakistan into regional hub: Ahsan

Planning Minister Ahsan Iqbal on Saturday said China-Pakistan Economic Corridor (CPEC) would allow Pakistan to become a hub of socio-economic activity between Asia, Central Asia and South Asia. Addressing the 1st All Pakistan Chambers and Associations Sem

Published 09 Apr, 2017 12:00am

Drive to enrol out-of-school children launched in KP

Drive to enrol out-of-school children launched in KP

A campaign was launched to enrol more than 0.9 million out of school children across the Khyber Pakhtunkhwa. It will continue by the end of current month. Last year, the target was enrolment of 0.8 million children. The launching ceremony was held under t

Published 09 Apr, 2017 12:00am

Mursalin Burney passes away

Mursalin Burney passes away

Former Director Judicial Cabinet Division/Registrar Co-Operative Societies Sindh, Mursalin Burney died on Saturday. He was elder brother of Kafeel Burney of MCB. His Namaz-e-Janaza was offered at Rehmania Masjid, Triq Road, after Asr prayers and buried at

Published 09 Apr, 2017 12:00am

24 new check posts set up in Parachinar

24 new check posts set up in Parachinar

Owing to security threats, 24 new security check posts have been established and work has been started to dugout bunkers around the Parachinar city of Kurram Agency to secure the city from militants' attacks.

Published 09 Apr, 2017 12:00am

Pakistan, Kosovo agree to increase high-level contacts

Pakistan, Kosovo agree to increase high-level contacts

Pakistan and Kosovo have agreed to institutionalize bilateral contacts in various areas of common interest. The development has come during the inaugural session of Pakistan-Kosovo Bilateral Political Consultations held at the Ministry of Foreign Affairs

Published 09 Apr, 2017 12:00am

Stabilisation centre set up at Allied Hospital

Stabilisation centre set up at Allied Hospital

Under the arrangements of Integrated Reproductive Maternal New Born Child Health and Nutrition Program, "Stabilisation Centre" has been set up at Pediatrics Ward of Allied Hospital which was inaugurated by Deputy Commissioner Salman Ghani here on Saturday

Published 09 Apr, 2017 12:00am

SECP registers 819 companies in March

SECP registers 819 companies in March

The Securities and Exchange Commission of Pakistan (SECP) during the month of March registered 819 new companies witnessing an increase of 34 percent as compared to same month of preceding year. During the first nine months of current fiscal year register

Published 09 Apr, 2017 12:00am

Chickenpox claims one more life

Chickenpox claims one more life

Another patient died of chickenpox on Saturday, mounting the death toll to 12 within two months while 39 during current year in Faisalabad. According to details, the health department has failed to control chickenpox broke out in the city due to non avail

Published 09 Apr, 2017 12:00am

FBR unearths paper mill's involvement in tax evasion

FBR unearths paper mill's involvement in tax evasion

The Directorate General of Intelligence and Investigation Inland Revenue has unearthed a major case of a paper & paper board mill of Gujranwala involved in tax evasion on account of suppression of sales and operated concealed/undeclared bank accounts for

Published 09 Apr, 2017 12:00am

Upgradation of over 2000 level crossings to cost Rs 25 billion: ministry

Upgradation of over 2000 level crossings to cost Rs 25 billion: ministry

Railway Ministry has estimated Rs 25 billion cost for up-gradation of over 2000 unmanned level crossings across the country, including 550 vulnerable and 143 most vulnerable unmanned level crossings, it is learnt.

Published 09 Apr, 2017 12:00am

Essential kitchen items witness decline

Essential kitchen items witness decline

Prices of most of essential kitchen items witnessed a decline during the past week as compared to the preceding week, reveals a survey conducted by Business Recorder here on Saturday. According to details, tomatoes' price witnessed a decline from R

Published 09 Apr, 2017 12:00am

Traffic warden sacked for manhandling man

Traffic warden sacked for manhandling man

The district police officer (DPO) Nowshera dismissed a traffic warden for abusing an elderly man in Nowshera district. According to notification, Traffic warden Waseem Sajjad had signalled an elderly man, who had come to Nowshera to take part in the cente

Published 09 Apr, 2017 12:00am

Belarus parliamentary delegation to visit Pakistan tomorrow

Belarus parliamentary delegation to visit Pakistan tomorrow

Chairman of the House of Representatives of Belarus Vladimir Andreinchenko along with a Parliamentary Delegation will arrive in Islamabad on 10th April, 2017 on a 4-day official visit to Pakistan, according to a press release issued on Saturday. Chairman

Published 09 Apr, 2017 12:00am

Mayor suspends MS, DMS of ASH

Mayor suspends MS, DMS of ASH

Mayor Karachi Wasim Akhtar on Saturday suspended Abbasi Shaheed Hospital's MS, Dr Nadeem Rajput and DMS Dr Muhammad Ali Mirza for mismanagement and poor sanitation on an unscheduled visit of the hospital. He also gave instructions for issuance of show cau

Published 09 Apr, 2017 12:00am

PAAPAM for equal opportunities in Gwadar region

PAAPAM for equal opportunities in Gwadar region

Mashood Ali Khan Chairman Pakistan Association of Auto Parts and Accessories Manufacturers (PAAPAM) has urged the government to give equal participation to the local manufacturers and industrialists in the industrialization of the Gwadar region.

Published 09 Apr, 2017 12:00am

Huge cache of arms recovered from empty plot

Huge cache of arms recovered from empty plot

A huge cache of weapons was recovered on Saturday from an empty plot when Sindh Police carried out an operation in Ahsanabad area of Karachi. As per details, police surrounded the area after receiving credible information regards to presence of weapons. H

Published 09 Apr, 2017 12:00am

German Company set to work on exploration of mineral resources in Chiniot

German Company set to work on exploration of mineral resources in Chiniot

A German company namely Fugro is set to start its work on second phase of exploration of mineral resources in Chiniot and its adjoining areas. This survey would help identify estimated cost of minerals as well as collection of data. The company will submi

Published 09 Apr, 2017 12:00am

Shahbaz for developing agriculture, livestock sectors

Shahbaz for developing agriculture, livestock sectors

Chief Minister Punjab Shahbaz Sharif on Saturday said that a vast potential was available in agriculture, livestock and dairy farming sectors and sustainable development of these sectors would help strengthen economy apart from poverty alleviation and che

Published 09 Apr, 2017 12:00am

Khushhali Bank rolling out agriculture loans

Khushhali Bank rolling out agriculture loans

Khushhali Microfinance Bank (KMB) is rolling out agricultural loans under the Khushhali Agri Plus scheme. As part of its MSME outreach strategy, these agri loans shall aid farmers in purchasing agricultural machinery, assets and other irrigational tools.

Published 09 Apr, 2017 12:00am

AKUH, KSDP offer 'One Stop Health Solution' for Down syndrome families

AKUH, KSDP offer 'One Stop Health Solution' for Down syndrome families

The Aga Khan University Hospital (AKUH) has collaborated with the Karachi Down Syndrome Program (KDSP) to offer the first of its kind, 'one stop health solution', making it easy for parents to bring their children to conveniently see different specialists

Published 09 Apr, 2017 12:00am

Government depicts fake development in media campaign: Bilawal

Government depicts fake development in media campaign: Bilawal

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari on Saturday expressed that the current government has started a media campaign to show fake development projects. He let it be known that Pakistan Muslim League-Nawaz (PML-N) has started attacki

Published 09 Apr, 2017 12:00am

PTCL broadband, Smart TV customers to have unlimited access

PTCL broadband, Smart TV customers to have unlimited access

Pakistan Telecommunication Company Limited (PTCL) on Saturday announced its collaboration with iflix to provide unlimited access to the online entertainment to its broadband and Smart TV customers. Now all the PTCL broadband customers subscribing 4 Mbps a

Published 09 Apr, 2017 12:00am

Tributes paid to Z A Nizami

Tributes paid to Z A Nizami

Sir Syed University, Aligarh Institute of Technology and Aligarh Muslim University Old Boys Association, jointly organized a condolence reference for Engr Z. A. Nizami to recall his services. The event was attended by the Vice Chancellor Sir Syed Universi

Published 09 Apr, 2017 12:00am

Pakistani pleads guilty in Axact diploma mill scam

Pakistani pleads guilty in Axact diploma mill scam

A Pakistani man associated with Karachi-based IT firm Axact in a senior capacity pleaded guilty on Friday in the US to charges of conspiracy to commit wire fraud in connection with an international "diploma mill" scheme, according to the US Department of

Published 09 Apr, 2017 12:00am

CAWC celebrates Women's Day at ICAP

CAWC celebrates Women's Day at ICAP

The recently formed Chartered Accountants Women's Committee (CAWC) of Institute of Chartered Accountants of Pakistan (ICAP) celebrated Women's Day on April 7, 2017 at ICAP Auditorium, Karachi, which was attended by a power packed audience comprising of Bu

Published 09 Apr, 2017 12:00am

CAWC celebrates Women's Day at ICAP

CAWC celebrates Women's Day at ICAP

The recently formed Chartered Accountants Women's Committee (CAWC) of Institute of Chartered Accountants of Pakistan (ICAP) celebrated Women's Day on April 7, 2017 at ICAP Auditorium, Karachi, which was attended by a power packed audience comprising of Bu

Published 09 Apr, 2017 12:00am

Karachi faces water shortage

Karachi faces water shortage

Water scarcity dogged the economic capital as locals have been badly irked by problem intensified in the metropolis. The residents of Altaf Hussain Town have revealed that they don't have access to water as water board is not in a mood to solve the matter

Published 09 Apr, 2017 12:00am

India allows duty-free imports of 500,000 tonnes of raw sugar

India allows duty-free imports of 500,000 tonnes of raw sugar

India, the world's biggest sugar consumer, will allow imports of 500,000 tonnes of duty-free raw sugar, a government official said on Wednesday, as a drought has cut output below consumption levels for the first time in seven years. Duty-free imports woul

Published 09 Apr, 2017 12:00am

British PM, stock exchange chief woo Saudi sovereign fund

British PM, stock exchange chief woo Saudi sovereign fund

British Prime Minister Theresa May and the chief of the London Stock Exchange (LSE) pitched investments in Britain to the head of Saudi Arabia's sovereign wealth fund on Wednesday during a two-day visit to Riyadh. May, who left Riyadh later on Wednesday a

Published 09 Apr, 2017 12:00am

Financial shares, risk aversion take TSX lower

Financial shares, risk aversion take TSX lower

Canada's main stock index dipped on Friday as financial and natural resource shares lost ground, while concerns about escalating geopolitical tensions after US missile strikes in Syria prompted a risk-off sentiment among investors. The banking sector fell

Published 09 Apr, 2017 12:00am

Treasuries outlook: yields edge up after comments from Fed's Dudley

Treasuries outlook: yields edge up after comments from Fed's Dudley

US Treasury yields rose on Friday, reversing a plunge sparked by weaker-than-expected US jobs growth data, after a top Federal Reserve official boosted expectations for interest rate increases. Benchmark 10-year Treasury notes last yielded 2.380 percent,

Published 09 Apr, 2017 12:00am

Treasuries outlook: yields edge up after comments from Fed's Dudley

Treasuries outlook: yields edge up after comments from Fed's Dudley

US Treasury yields rose on Friday, reversing a plunge sparked by weaker-than-expected US jobs growth data, after a top Federal Reserve official boosted expectations for interest rate increases. Benchmark 10-year Treasury notes last yielded 2.380 percent,

Published 09 Apr, 2017 12:00am

UK investors cut equity holdings, raise cash to four-month highs

UK investors cut equity holdings, raise cash to four-month highs

British fund managers cut their equity holdings and raised cash levels to four-month highs in March, a monthly Reuters poll showed on Friday, with some citing political risk including concerns over US President Donald Trump's ability to deliver. The surve

Published 09 Apr, 2017 12:00am

Pimco regains title of managing biggest active bond fund

Pimco regains title of managing biggest active bond fund

Pacific Investment Management Co regained its perch as the manager behind the world's largest actively managed bond fund, data from the asset manager showed on Tuesday. The Pimco Income Fund grew to $79.1 billion in March, the fund manager said, a figure

Published 09 Apr, 2017 12:00am

Pimco regains title of managing biggest active bond fund

Pimco regains title of managing biggest active bond fund

Pacific Investment Management Co regained its perch as the manager behind the world's largest actively managed bond fund, data from the asset manager showed on Tuesday. The Pimco Income Fund grew to $79.1 billion in March, the fund manager said, a figure

Published 09 Apr, 2017 12:00am

Deutsche joins Morgan Stanley on bullish view on European energy stocks

Deutsche joins Morgan Stanley on bullish view on European energy stocks

Two big brokers have given a thumbs up to the European oil & gas sector on attractive valuations. The sector, the second-worst performers in the region so far this year, as stocks were hit by weakness in crude oil prices and have failed to keep up with th

Published 09 Apr, 2017 12:00am

Wall Street down after weak jobs, Fed comments, Syria airstrikes

Wall Street down after weak jobs, Fed comments, Syria airstrikes

Wall Street's three major indexes edged lower on Friday in a choppy session as investors grappled with a weaker-than-expected job report, the US airstrike in Syria and a top Federal Reserve official's comments on trimming the US central bank's balance she

Published 09 Apr, 2017 12:00am

African currencies week ahead: Kenya, Ghana, Zambia currencies seen firmer, Nigeria's naira to ease

Currency

African currencies week ahead: Kenya, Ghana, Zambia currencies seen firmer, Nigeria's naira to ease

Kenya's shilling, Zambia's kwacha and Ghana's cedi are seen strengthening against the dollar in the next week to Thursday, while the Nigerian naira is seen weakening, traders said. The Kenyan shilling could strengthen in the week ahead due to foreign exch

Published 09 Apr, 2017 12:00am

Economists show more faith in Latin American currencies

Currency

Economists show more faith in Latin American currencies

Major Latin American currencies appear more likely to hold their ground in coming months than they did in March, but they remain vulnerable to increased volatility coming from abroad, a Reuters poll showed on Thursday. Estimates from top banks and researc

Published 09 Apr, 2017 12:00am

Canadian dollar rallies

Currency

Canadian dollar rallies

The Canadian dollar strengthened on Friday against its US counterpart, boosted by stronger-than-expected domestic jobs data, but gains for the loonie were pared as the greenback climbed against a basket of major currencies. Canada added 19,400 jobs in Mar

Published 09 Apr, 2017 12:00am

Euro to fall to near 15-year low if Le Pen wins French election

Currency

Euro to fall to near 15-year low if Le Pen wins French election

The euro is likely to fall about 5 percent to near 15-year lows and close to parity against the dollar in the immediate aftermath should Marine Le Pen win the French presidency in May, according to foreign exchange strategists polled by Reuters. After fal

Published 09 Apr, 2017 12:00am

Dollar rises to three-week high on Fed official comments, jobs data

Dollar rises to three-week high on Fed official comments, jobs data

The dollar rose to three-week highs on Friday after an influential Federal Reserve official said the US central bank's plan to shrink its bond portfolio this year would not significantly delay its interest rate-hiking cycle. The greenback initially sold o

Published 09 Apr, 2017 12:00am

Czech bank halts currency interventions after 3.5 years

Currency

Czech bank halts currency interventions after 3.5 years

The Czech National Bank (CNB) said Thursday it would halt currency interventions launched in November 2013 to weaken the koruna currency against the euro and meet inflation targets. "The CNB Bank Board decided to end the CNB's exchange rate committment. T

Published 09 Apr, 2017 12:00am

Czech crown could firm as central bank is seen removing cap

Currency

Czech crown could firm as central bank is seen removing cap

The Czech crown could firm up more than 4 percent against the euro in the next 12 months as the central bank is expected to remove its cap on the currency, a Reuters survey showed. According to a February 27-March 1 poll of 47 participants, the crown coul

Published 09 Apr, 2017 12:00am

Dollar net longs fall to five-week low

Currency

Dollar net longs fall to five-week low

Speculators further reduced bullish bets on the US dollar, pushing net longs to their lowest level since late February, according to Commodity Futures Trading Commission data released on Friday and calculations by Reuters. The value of the dollar's net lo

Published 09 Apr, 2017 12:00am

South Africa's rand rally seen losing steam after first quarter

Currency

South Africa's rand rally seen losing steam after first quarter

South Africa's rand rally is probably on its last legs as positive emerging market sentiment fades and contentious issues in local politics come to the fore, a Reuters poll found on Thursday. The start of South Africa's credit ratings reviews next month,

Published 09 Apr, 2017 12:00am

Droopy dollar keeps Asia FX sentiment firm; bullish bets on China yuan rise

Currency

Droopy dollar keeps Asia FX sentiment firm; bullish bets on China yuan rise

Investors increased their bullish bets on the Chinese yuan, Singapore dollar and South Korean won in the last two weeks as the US dollar continued to struggle, buoying sentiment toward most emerging Asian currencies, a Reuters poll showed.

Published 09 Apr, 2017 12:00am

Destructive weed threatens US corn fields

Cotton

Destructive weed threatens US corn fields

A US government program designed to convert farmland to wildlife habitat has triggered the spread of a fast-growing weed that threatens to strangle crops in America's rural heartland. The weed is hard to kill and, if left unchecked, destroys as much as 91

Published 09 Apr, 2017 12:00am

Argentina trade restrictions harm sugar industry development: Adecoagro CEO

Argentina trade restrictions harm sugar industry development: Adecoagro CEO

Argentina's protectionist policies toward the sugar business are preventing it from reaching its full potential as a producer of the sweetener, the head of the Luxembourg-based agricultural conglomerate Adecoagro told Reuters in an interview on Thursday.

Published 09 Apr, 2017 12:00am

Turkish mills buy EU, Black Sea wheat to replace Russian imports

Turkish mills buy EU, Black Sea wheat to replace Russian imports

Turkish flour mills have covered their short-term needs by purchasing several hundred thousand tonnes of wheat from EU and Black Sea countries, replacing Russian supplies blocked by a change to import rules, millers and traders said on Wednesday.

Published 09 Apr, 2017 12:00am

Iraq minister calls for war against graft in commodities

Iraq minister calls for war against graft in commodities

Two years ago, corruption was so rampant in Iraq's wheat procurement programme that even Islamic State militants cashed in by smuggling the strategic commodity across the border from Syria with the suspected collusion of Trade Ministry officials. The man

Published 09 Apr, 2017 12:00am

Kazakhstan oil output rises in March

Kazakhstan oil output rises in March

Oil and gas condensate output in Kazakhstan rose 2 percent month-on-month in March to 7.4 million tonnes, preliminary energy ministry data showed on Friday, above a level agreed in a global production deal with Opec. According to Reuters calculations, oil

Published 09 Apr, 2017 12:00am

Corn sags, soyabeans post longest weekly skid in 30 months

Corn sags, soyabeans post longest weekly skid in 30 months

US corn futures drifted to a one-week low on Friday as traders adjusted positions ahead of a monthly US government report that analysts expect to show rising grain inventories and big South American crops. Soyabeans closed narrowly mixed but the most-acti

Published 09 Apr, 2017 12:00am

Algeria to issue new licences for feed grain imports this month

Algeria to issue new licences for feed grain imports this month

Algeria will award new licences this month for the import of feed grains including barley, maize and soybean meal after restrictions that caused shortages on the local market, a trade ministry official said on Tuesday. Opec member Algeria - which imports

Published 09 Apr, 2017 12:00am

District Mardan Games: Takhtbahi advance in football

District Mardan Games: Takhtbahi advance in football

New English Club Takhtbhai recorded solitary goal victory against Abaseen Club Mayar, Mardan in the ongoing District Govt Mardan Games being played with the collaboration of District Football Association at Younis Stadium Mardan on Saturday. Chairman Dist

Published 09 Apr, 2017 12:00am

North Korea blasts US strikes on Syria, says justify nukes

North Korea blasts US strikes on Syria, says justify nukes

North Korea has said the US missile strikes on Syria were an "intolerable act of aggression" that "proves a million times over" that strengthening its nuclear programme was the right choice, state media reported Saturday. The comments were Pyongyang's fir

Published 09 Apr, 2017 12:00am

Panic, damage as three strong quakes hit Philippines

Panic, damage as three strong quakes hit Philippines

A trio of strong earthquakes damaged buildings and caused panicked tourists to flee a popular dive resort near the Philippine capital on Saturday, officials and eyewitnesses said. There were no immediate reports of casualties from the quakes, the stronges

Published 09 Apr, 2017 12:00am

Dalai Lama accuses China of fooling its people

Dalai Lama accuses China of fooling its people

The Dalai Lama on Saturday accused China of spreading false information about his trip to a monastery near India's border that drew protests from Beijing which claims the Himalayan area as its territory. "People have the wrong information," the 81-year-ol

Published 09 Apr, 2017 12:00am

Iraq's cleric Sadr urges Assad to step down

Iraq's cleric Sadr urges Assad to step down

Influential Iraqi cleric Moqtada Sadr on Saturday called on Syrian President Bashar al-Assad to step down, also calling on Washington and Moscow to stop intervening in the conflict. The young Najaf-based Shia cleric condemned the killing of 87 people, inc

Published 09 Apr, 2017 12:00am

Fresh protests against new Serb president

Fresh protests against new Serb president

Thousands of Serbs rallied in Belgrade on Saturday for the sixth straight day to protest the election of premier Aleksandar Vucic as the country's next president. The protestors, who gathered outside government offices, were mostly students but were also

Published 09 Apr, 2017 12:00am

British FM cancels Moscow visit over 'developments in Syria'

British FM cancels Moscow visit over 'developments in Syria'

Britain's Foreign Secretary Boris Johnson has cancelled a scheduled visit to Moscow next week, his office announced Saturday, saying "developments in Syria have changed the situation fundamentally". "My priority is now to continue contact with the US and

Published 09 Apr, 2017 12:00am

Two Russian policemen killed in North Caucasus

Two Russian policemen killed in North Caucasus

Two traffic policemen were killed on Saturday after their vehicle came under fire in Russia's volatile North Caucasus region, investigators said. The local branch of Russia's Investigative Committee said "unidentified people ... fired multiple shots from

Published 09 Apr, 2017 12:00am

Somali pirates suspected of hijacking bulk carrier ship

Somali pirates suspected of hijacking bulk carrier ship

Somali pirates are suspected of hijacking a bulk carrier ship, the head of a maritime security company said on Saturday, the latest in a string of attacks after years of calm. Graeme Gibbon-Brooks, the head of private company Dryad Maritime Intelligence,

Published 09 Apr, 2017 12:00am

Erdogan holds giant rally week ahead of referendum

Erdogan holds giant rally week ahead of referendum

Tens of thousands packed one of Istanbul's biggest public spaces Saturday as Turkish President Recep Tayyip Erdogan hosted a giant rally seeking votes in next week's referendum on enhancing his powers. Lambasting Turkey's enemies and taking pot shots at h

Published 09 Apr, 2017 12:00am

Venezuelan protesters rally for fourth time in a week

Venezuelan protesters rally for fourth time in a week

Thousands of Venezuelans rallied Saturday for the fourth time in a week, this time to protest a ruling by the leftist government that bans opposition leader Henrique Capriles from office for 15 years. Capriles narrowly lost the 2013 presidential election

Published 09 Apr, 2017 12:00am

Uzbek, known to police, is suspect in Stockholm truck attack

Uzbek, known to police, is suspect in Stockholm truck attack

Swedish police on Saturday identified the suspected truck driver who killed four people in Stockholm as a 39-year-old man from Uzbekistan, a day after Europe's latest terror attack. Intelligence agency chief Anders Thornberg said the man "has appeared in

Published 09 Apr, 2017 12:00am

Uganda arrests academic who criticised president's wife

Uganda arrests academic who criticised president's wife

Uganda has arrested a prominent academic for criticising the wife of President Yoweri Museveni on social media, police said Saturday. Stella Nyanzi criticised Janet Museveni, who is education minister, on Facebook after the government reneged on a campaig

Published 09 Apr, 2017 12:00am

Younis Khan to retire after West Indies series

Younis Khan to retire after West Indies series

Veteran Pakistan batsman and former captain Younis Khan announced on Saturday he will retire from international cricket after the upcoming Test series in the West Indies. The 39 year-old has captained Pakistan in all three formats, and in 2009 led them to

Published 09 Apr, 2017 12:00am

Doubles put New Zealand 2-1 up over South Korea

Doubles put New Zealand 2-1 up over South Korea

New Zealand took a 2-1 lead over South Korea after winning the doubles in their Asia/Oceania Group I tie in Auckland on Saturday. Marcus Daniell and Artem Sitak fought back after dropping the second set to beat Chung Hong and Lee Jea Moon 6-2, 4-6, 6-4, 7

Published 09 Apr, 2017 12:00am

Lee, Lin to battle in Malaysia Open finals

Lee, Lin to battle in Malaysia Open finals

Malaysia's Lee Chong Wei and two-time Olympic champion Lin Dan of China, the two greatest badminton stars of this era, on Friday stormed into the finals of the Malaysia Open for an epic showdown. Lee, the world No 1, inflicted a crushing 21-12, 21-9 defea

Published 09 Apr, 2017 12:00am

Commodities trader Statdrome sets up in Singapore

Commodities trader Statdrome sets up in Singapore

Statdrome PTE, a metals and energy trading company backed by ex-Trafigura and Marc Rich traders, has set up in the Asian commodity trading hub of Singapore, the company said. Statdrome was incorporated in Singapore in January and is building out its commo

Published 09 Apr, 2017 12:00am

India sweep Uzbekistan 3-0 in Davis Cup

India sweep Uzbekistan 3-0 in Davis Cup

India's Rohan Bopanna and N. Sriram Balaji thrashed Uzbekistan's Farrukh Dustov and Sanjar Fayziev Saturday to give their side an unbeatable 3-0 lead in the second round of the Davis Cup Asia/Oceania Group I tie. The Indian pair hardly broke a sweat again

Published 09 Apr, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 17	280.67
USD PKR Interbank Buying / Apr 17	280.47
USD to Japanese Yen / Apr 17	142.81
USD to Swiss Franc / Apr 17	0.82
Pound Sterling to USD / Apr 17	1.32
Euro to USD / Apr 17	1.14
UK LIBOR % / Apr 16	4.96

Stock	Volume
S&P 500 / Apr 16	5,275.70
Nasdaq / Apr 16	16,307.16
Dow Jones / Apr 16	39,669.39
India Sensex / Apr 17	77,621.26
Tokyo Nikkei / Apr 17	34,285.53
Hang Seng / Apr 17	21,352.47
FTSE 100 / Apr 17	8,207.23
Germany DAX 30 / Apr 17	21,240.89
France CAC40 / Apr 17	7,290.96

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	16,985
Gold 10 Grams PKR / Apr 16	298,353
Petrol/Litre / Apr 17	254.63
Crude Oil USD/Barrel / Apr 17	63.25
Gold Spot USD/Ounce / Apr 17	3,331.95
Diesel/Litre / Apr 17	258.64
Cotton US¢/pound / Apr 17	66.66

Gainers
Losers
Leaders

Stock	Price
Ghazi Fabrics / Apr 17 Ghazi Fabrics International Limited(GFIL)	8.36 ▲ 1 (13.59%)
UDL International / Apr 17 UDL International Limited(UDLI)	8.52 ▲ 1 (13.3%)
Escorts Bank / Apr 17 Escorts Investment Bank Limited(ESBL)	6.84 ▲ 0.76 (12.5%)
Chakwal Spinning / Apr 17 Chakwal Spinning Mills Limited(CWSM)	57.93 ▲ 5.27 (10.01%)
United Brands / Apr 17 United Brands Limited(UBDL)	23.18 ▲ 2.11 (10.01%)
S.S.Oil / Apr 17 S.S.Oil Mills Limited(SSOM)	244.59 ▲ 22.24 (10%)
Pak Gulf Leasing / Apr 17 Pak-Gulf Leasing Company Limited(PGLC)	21.89 ▲ 1.99 (10%)
PIA Holding Co.B / Apr 17 PIA Holding Company Limited B(PIAHCLB)	1,928.97 ▲ 175.36 (10%)
Trust Sec.& Brok. / Apr 17 Trust Securities & Brokerage Limited(TSBL)	13.97 ▲ 1.27 (10%)
Bolan Casting / Apr 17 Bolan Castings Limited(BCL)	104.06 ▲ 9.46 (10%)

Stock	Price
Oilboy Energy(R) / Apr 17 Oilboy Energy Limited(R)(OBOYR2)	1.07 ▼ -0.31 (-22.46%)
Gulshan Sp. / Apr 17 Gulshan Spinning Mills Limited(GSPM)	3.48 ▼ -0.46 (-11.68%)
Blue-Ex Ltd / Apr 17 Blue-Ex Limited (GEM)(GEMBLUEX)	56.69 ▼ -6.29 (-9.99%)
Int. Knit. / Apr 17 International Knitwear Limited(INKL)	14.84 ▼ -1.56 (-9.51%)
Jubilee Gen. Ins. / Apr 17 Jubilee General Insurance Limited(JGICL)	49.52 ▼ -4.7 (-8.67%)
Bawany Air Products / Apr 17 Bawany Air Products Limited(BAPL)	32.39 ▼ -2.92 (-8.27%)
Asim Textile / Apr 17 Asim Textile Mills Limited(ASTM)	13.40 ▼ -1.2 (-8.22%)
Jahangir Sidd(Pref) / Apr 17 Jahangir Sidd(Pref)(JSCLPSA)	8.85 ▼ -0.6 (-6.35%)
Sanghar Sugar / Apr 17 Sanghar Sugar Mills Limited(SANSM)	50.83 ▼ -3.24 (-5.99%)
The Thal Ind.Corp. / Apr 17 The Thal Industries Corporation Limited(TICL)	340.04 ▼ -19.97 (-5.55%)

Stock	Volume
Maple Leaf Cement / Apr 17 Maple Leaf Cement Factory Limited(MLCF)	23,794,610 ▲ 3.81
B.O.Punjab / Apr 17 The Bank of Punjab(BOP)	23,321,095 ▲ 0.15
Cnergyico PK / Apr 17 Cnergyico PK Limited(CNERGY)	17,945,036 ▲ 0.02
Fauji Cement / Apr 17 Fauji Cement Company Limited(FCCL)	16,949,781 ▲ 1.19
National Bank / Apr 17 National Bank of Pakistan(NBP)	16,604,549 ▲ 4.2
WorldCall Telecom / Apr 17 Worldcall Telecom Limited(WTL)	14,865,718 ▲ 0
Pace (Pak) Ltd. / Apr 17 Pace (Pakistan) Limited(PACE)	14,613,210 ▲ 0.21
Sui South Gas / Apr 17 Sui Southern Gas Company Limited(SSGC)	11,876,679 ▲ 1.06
Hascol Petrol / Apr 17 Hascol Petroleum Limited(HASCOL)	10,975,030 ▲ 0.09
United BankXD / Apr 17 United Bank Limited(UBL)	10,968,701 ▲ 16.02

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Asian countries, including Pakistan, look to buy more US energy to offset trade imbalance

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CCP slaps Rs25m fine on Hyundai for misleading Tucson launch offer

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