News Archives for Print - 2017-04-21

Print - 2017-04-21

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (April 20, 2017).

Published 21 Apr, 2017 12:00am

PM must step down for at least 60 days: Imran

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Thursday demanded resignation of Prime Minister Nawaz Sharif, saying he has no moral ground to rule the country after the Panama Leaks case verdict. He paid glowing tributes to the apex court but at th

Published 21 Apr, 2017 12:00am

Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (April 20, 2017).

Published 21 Apr, 2017 12:00am

Zardari rejects verdict, asks Prime Minister to quit

Co-Chairman Pakistan Peoples Party Parliamenta-rians (PPPP) Asif Ali Zardari on Thursday rejected the decision of Supreme Court in the Panama Leaks case and said that Prime Minister Nawaz Sharif should resign as he has lost moral ground after apex court's

Published 21 Apr, 2017 12:00am

Currency

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (April 20, 2017).

Published 21 Apr, 2017 12:00am

Zardari rejects verdict, asks Prime Minister to quit

Published 21 Apr, 2017 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (April 20, 2017).

Published 21 Apr, 2017 12:00am

Prime Minister Sharif given reprieve, but still faces prospect of disqualification

Announcing its reserved verdict in Panama Papers case on Thursday, the Supreme Court issued directives to concerned authorities to form a joint investigation team (JIT) to probe corruption allegations against Prime Minister Nawaz Sharif and his two sons i

Published 21 Apr, 2017 12:00am

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 21 Apr, 2017 12:00am

Prime Minister Sharif given reprieve, but still faces prospect of disqualification

Published 21 Apr, 2017 12:00am

Currency

State Bank of Pakistan conversion rates

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

Published 21 Apr, 2017 12:00am

Rouhani among six candidates selected for Iran election

President Hassan Rouhani was among six candidates approved Thursday by Iran's conservative-dominated Guardian Council to run in next month's election while former leader Mahmoud Ahmadinejad was barred, state media reported.

Published 21 Apr, 2017 12:00am

Three containers of banned firecrackers seized

Directorate General of Intelligence & Investigation Customs has seized three containers of banned firecrackers having explosive material at West and East Wharves of Karachi Port.

Published 21 Apr, 2017 12:00am

Rouhani among six candidates selected for Iran election

Published 21 Apr, 2017 12:00am

Interview with the founder of K&N's poultry group: Why Pakistan's poultry exports aren't taking off?

Earlier this month, BR Research wrote a column on Pakistan's meat exports, wondering why the country isn't tapping the huge potential of poultry exports. To help answer that question, we met Khalil Sattar - the founder and CEO of K&N's, the family-owned f

Published 21 Apr, 2017 12:00am

One officer killed in Champs Elysees shooting

One police officer was killed and another wounded Thursday in a shooting on Paris's Champs Elysees, police said, just days ahead of France's presidential election.

Published 21 Apr, 2017 12:00am

Interview with the founder of K&N's poultry group: Why Pakistan's poultry exports aren't taking off?

Published 21 Apr, 2017 12:00am

One officer killed in Champs Elysees shooting

One police officer was killed and another wounded Thursday in a shooting on Paris's Champs Elysees, police said, just days ahead of France's presidential election.

Published 21 Apr, 2017 12:00am

Energy scenario - no solution in sight - II

The latest decision of winding up of Textile City near Port Qasim is a vivid example of shortsightedness (BR April 17) as such projects involving district energy are the only way to ensure high efficiency utilization of energy source but due to incompeten

Published 21 Apr, 2017 12:00am

Currency

Nervous investors prepare for possible French election upset

France's presidential election is being nervously watched by investors, who are quietly preparing for the aftershocks of a possible upset by far-right leader Marine Le Pen or leftwinger Jean-Luc Melenchon, both arch-critics of the EU.

Published 21 Apr, 2017 12:00am

Uzair 'the smoking gun'?

Lyari mobster, crime boss and political worker Uzair Jan Baloch, the former chief of the militant group formed by the Pakistan People's Party (PPP), the Peoples' Aman Committee (PAC), was acquitted for attempted murder and robbery by a Sessions Court on A

Published 21 Apr, 2017 12:00am

Meaningful budget proposals

Every year before the announcement of annual federal budget, a plethora of proposals are received by the Federal Board of Revenue (FBR) from trade and professional bodies, tax bars and industry's representatives.

Published 21 Apr, 2017 12:00am

FIA's disgraceful conduct

What took place at the nation's capital city airport on April 15 should make all Pakistanis hang their heads in shame. According to press reports, following an argument over missing toilet paper from the washroom (something common at local airports and re

Published 21 Apr, 2017 12:00am

Currency

Facilitating trade between Pakistan and Iran

The lifting of sanctions on Iran has provided an opportunity to the State Bank of Pakistan and its counterpart in Iran, Bank Markazi Jamhouri Islami Iran (BMJII), to ink the necessary accord to facilitate trade. The agreement was signed between SBP Deputy

Published 21 Apr, 2017 12:00am

The split verdict

The much-awaited verdict by the Supreme Court on the Panama Papers case has finally come, and it may please or displease the contestants depending on how they look at it. It has settled some issues but left open for contention many others for yet another

Published 21 Apr, 2017 12:00am

Soybean imports down six percent

European Union soybean imports in the 2016/17 season had reached 10.6 million tonnes by April 18, down 6 percent from 11.3 million at the same stage last season, official data showed on Thursday. In soymeal, cumulative EU imports so far in 2016/17 were 14

Published 21 Apr, 2017 12:00am

Copper and zinc push higher as speculators return to market

Copper, zinc and other base metal prices gained on Thursday as investors, speculators and consumers resumed buying after recent losses, expecting increased seasonal demand.

Published 21 Apr, 2017 12:00am

Oil prices mixed in choppy trade, rising US production weighs

Oil prices were mixed on Thursday in a seesaw trading session, as investors weighed rising US production against comments from leading Gulf oil producers that an extension to OPEC-led supply cuts was likely.

Published 21 Apr, 2017 12:00am

Cocoa falls to 9-1/2 year low

New York cocoa futures fell sharply to a 9-1/2 year low on Thursday while London prices slid to the weakest levels in more than four years as technically driven selling helped to accelerate a decline driven by excess supplies.

Published 21 Apr, 2017 12:00am

Rotterdam vegetable oil prices

The following were Thursday's Rotterdam vegetable oil prices at 1600 GMT:

Published 21 Apr, 2017 12:00am

Rotterdam vegetable oil prices

The following were Thursday's Rotterdam vegetable oil prices at 1600 GMT:

Published 21 Apr, 2017 12:00am

Palm rises after six sessions of losses on stronger soyoil

Malaysian palm oil futures recorded their biggest daily gain in two weeks on Thursday, ending six sessions of losses as they tracked strength in soyoil and were helped by a technical correction.

Published 21 Apr, 2017 12:00am

Gold slips in US trade

Gold fell 1 percent on Wednesday as the dollar and stocks gained, though tensions over North Korea and upcoming French and UK elections underpinned demand in the safe-haven asset. Spot gold fell as low as $1,275.73 per ounce, and was last trading down 0.8

Published 21 Apr, 2017 12:00am

Gold steady in Asia

Gold prices held firm on Thursday after falling as much as 1 percent the previous day, with tensions surrounding North Korea and the upcoming French presidential election driving safe-haven demand.

Published 21 Apr, 2017 12:00am

Gold steady as softer dollar supports ahead of French vote

Gold steadied on Thursday after its biggest one-day drop in more than six weeks, with a retreat in the dollar arresting the slide, though moves were muted as markets await the outcome of the looming French presidential election.

Published 21 Apr, 2017 12:00am

Tokyo rubber futures higher

Benchmark Tokyo rubber futures on Thursday ended higher to snap four consecutive sessions of declines as market participants went bargain-hunting after the contract hit a five-month low. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyr

Published 21 Apr, 2017 12:00am

US MIDDAY: wheat and corn futures drop

Chicago Board of Trade wheat futures dropped 1.2 percent to their lowest in nearly four months on Thursday, with investors quickly beating back an overnight rally attempt amid a heavy global balance sheet The drop in wheat pressured corn futures while soy

Published 21 Apr, 2017 12:00am

Cotton

PMEX daily trading report

On Wednesday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 2,999. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 3.481 billion and the number of lots traded was 12,429.

Published 21 Apr, 2017 12:00am

Asian naphtha rises on strong demand

Asian naphtha for the first half of June was $6 a tonne higher than the price for the first half of July on Tuesday, up from a $5 gap in the previous session as strong demand and expectations of reduced supplies widened the premium between the months. Spl

Published 21 Apr, 2017 12:00am

South Korea buys 137,000 tons of corn

South Korea's Major Feedmill Group (MFG) purchased about 137,000 tonnes of corn which can be sourced from optional origins in an international tender for up to 210,000 tonnes that closed on Tuesday, European traders said. Some 68,000 tonnes was bought at

Published 21 Apr, 2017 12:00am

Peru's February copper output up

Peru's copper production rose by 5.42 percent in February from the same month a year earlier, the slowest growth rate in two years as the Andean country wrestles with infrastructure damage caused by torrential rains, official data showed on Saturday.

Published 21 Apr, 2017 12:00am

Activities of Karachi and Qasim ports

The Karachi Port handled 158,749 tonnes of cargo comprising 130,815 tonnes of import cargo and 27,934 tonnes of export cargo including 8,904 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.

Published 21 Apr, 2017 12:00am

Cotton

Prices steady amid listless business

Prices were firm on the cotton market on Thursday as leading buyers kept on the sidelines amid announcement of Panama papers' case, dealers said. The official spot rate unchanged at Rs 6750, they said. In ready session, not a single deal reported, traders

Published 21 Apr, 2017 12:00am

CBOT corn futures lower

Chicago Board of Trade corn futures closed lower on Tuesday, impacted by lower soy prices. The market was still seen as overbought following sharp gains last week. Declines were limited by a slow start to planting in US Midwest.

Published 21 Apr, 2017 12:00am

Cotton

Dull trade on cotton market

Despite the fact that we have reached the tail-end of our current season (August 2016/July 2017) with only about 250,000 bales (155 Kgs) lying unsold in the open market, cotton rates remain mostly unchanged over the week. As the domestic textile industry

Published 21 Apr, 2017 12:00am

Younis eyes final Test milestone

When Younis Khan hangs up his bat at the end of Pakistan's tour of the West Indies, it will likely be with a final Test milestone against his name. Younis is just 23 runs away from becoming the first Pakistan player to score 10,000 Test runs.

Published 21 Apr, 2017 12:00am

Retiring duo Misbah, Khan lead Pakistan against West Indies

West Indies and Pakistan get a three-Test series underway on Friday at Sabina Park in Jamaica with both teams struggling in the midst of challenging transition periods.

Published 21 Apr, 2017 12:00am

World number one Murray crashes out of Monte Carlo

Principality of Monaco, April 20, 2017 (AFP) - Andy Murray surrendered a 4-0 lead in the decisive third set on his way to defeat at the Monte Carlo Masters on Thursday as the world number one's 2017 season hit another setback.

Published 21 Apr, 2017 12:00am

British Cycling to review medical practices

British Cycling will conduct a wide-ranging review of its medical practices after being criticised by UK Anti-Doping's recent investigation. Britain's cycling governing body and Team Sky were both heavily criticised for sloppy record-keeping following the

Published 21 Apr, 2017 12:00am

MCL to organize cricket tournament from April 23

The Organizers of the first Media Cricket League (MCL) have unveiled the plan to organize number of sports activities, and announced to hold a mega cricket tournament from April 23.

Published 21 Apr, 2017 12:00am

Squash: girl among five win trophies

Muhammad Ammad, Humam Ahmad, Noor Zaman, Uzair Shoukat and Laiba Ijaz clinched the trophies of the various categories of Hero's of Nawa Khali Junior Boys and Girls Squash Championship titles, here at PAF Hashim Khan Squash Complex on Thursday.

Published 21 Apr, 2017 12:00am

Bangladesh's Shafiul gets Champions Trophy nod

Bangladesh on Thursday recalled fit-again fast bowler Shafiul Islam as they named a 15-man Champions Trophy squad ahead of the tournament in England in June. Shafiul, who last played for Bangladesh in October, replaces Subashis Roy, the only change to the

Published 21 Apr, 2017 12:00am

'Unbeatable' Juve hailed as Euro dream takes shape

"Unbeatable" Juventus can finally hand goalkeeper Gianluigi Buffon an elusive Champions League title after making five-time winners Barcelona "cry" on their way to a spectacular Champions League semi-final exit on Wednesday. Those were the headlines splas

Published 21 Apr, 2017 12:00am

Australia get pace boost for Champions Trophy

Fast bowlers Mitchell Starc and James Pattinson were Thursday named in Australia's 15-man squad for next month's ICC Champions Trophy in England and Wales. Starc has recovered from a stress fracture in his right foot which sent him home from Australia's T

Published 21 Apr, 2017 12:00am

Blood, sweat and tears' not enough for beaten Barca

Lionel Messi ended with a bloodied face, Neymar in tears, but no matter what they tried Barcelona couldn't break down a Juventus defensive wall as the Spanish champions crashed out of the Champions League.

Published 21 Apr, 2017 12:00am

Ukraine's Mariupol to be without hot water for months

A Dutch court ordered public prosecutors Thursday to probe whether a major energy company may be criminally responsible for a series of earthquakes triggered by gas production in the EU's biggest gas field.

Published 21 Apr, 2017 12:00am

Philippines wind farm generates power, jobs and curious tourists

Wind turbines are helping the Philippines diversify its energy sources beyond fossil fuels and generating not only power, but jobs, revenue and interest among thousands of curious tourists.

Published 21 Apr, 2017 12:00am

Spanish government raises 2017 growth forecast

Spanish Prime Minister Mariano Rajoy on Thursday lifted his government's economic growth forecast for 2017 to 2.7 percent from 2.5 percent due to a stronger than expected performance in the start of the year.

Published 21 Apr, 2017 12:00am

Key US jobless benefits level hits 17-year low

New claims for US jobless benefits rose slightly in mid-April but the total number of people seeking unemployment insurance hit a 17-year low, the Labor Department reported Thursday. The figures confirmed the long-running downward trend in workers seeking

Published 21 Apr, 2017 12:00am

Thousands protest in Tunisia to demand jobs

Thousands protested in northeastern Tunisia on Thursday to mark a general strike over unemployment and poverty, six years since a revolution ignited by similar grievances.

Published 21 Apr, 2017 12:00am

PEEP, PFD working together to modernize agriculture sector

The USAID-funded Punjab Enabling Environment Project (PEEP) and the Punjab Food department are working together to modernize the provincial agriculture sector with 200 new silos to ensure food security, price stabilization and storage of grains according

Published 21 Apr, 2017 12:00am

174 measles cases reported in three months in Punjab

There is no measles epidemic in the province of Punjab and the Primary and Secondary Healthcare is fully vigilant on the disease situation. Keeping in view seasonal risk, complete analysis was carried out by following WHO recommended protocols.

Published 21 Apr, 2017 12:00am

Nawaz has not been given clean chit, says Shujaat

Pakistan Muslim League (PML) President Chaudhry Shujaat Hussain said that Nawaz Sharif has lost the right of prime minister-ship after the verdict of the Supreme Court in Panama case.

Published 21 Apr, 2017 12:00am

Speakers call for strict monitoring of religious groups, varsities', mosques

Speakers at a two-day conference on Thursday unanimously recommended that involvement of religious groups should be very strictly monitored and mosques in universities should be monitored so that they do not preach the thoughts of a particular sect.

Published 21 Apr, 2017 12:00am

Speakers call for strict monitoring of religious groups, varsities', mosques

Published 21 Apr, 2017 12:00am

PHEC to launch mobile libraries project

Punjab Higher Education Commission Chairman Prof Dr Nizamuddin has said that Punjab Higher Education Commission (PHEC) would launch mobile libraries project to promote book reading culture and this facility would also be provided in remote areas as well.

Published 21 Apr, 2017 12:00am

PML-N activists celebrate Supreme Courts verdict in Panama Papers case

Activists of the Pakistan Muslim League-Nawaz (PML-N) celebrated the judgment of the Supreme Court in Panama case as they took to streets in jubilation on Thursday.

Published 21 Apr, 2017 12:00am

Cotton

Industrial waste polluting groundwater reserves: experts

Industrial effluent is polluting groundwater reserves badly, resulting in the outbreak of diseases and environmental pollution whereas the crops and vegetables, which are being cultivated by this water, can cause serious health hazards.

Published 21 Apr, 2017 12:00am

PML-N government may not pursue new NFC Award: Pasha

Professor Emeritus and former Finance Minister Dr Hafiz Pasha, who played a major role in the finalization of the 6th NFC Award, said that the ruling PML-N government may not pursue a new NFC Award.

Published 21 Apr, 2017 12:00am

Eight terrorists killed in CTD operation

A major terror bid to target Lahore was foiled when eight terrorists were killed in exchange of fire with Counter Terrorism Department (CTD) personnel in Narangmandi area of Sheikhupura district.

Published 21 Apr, 2017 12:00am

Supreme Court verdict in Panama case hailed

The business community of Southern Punjab has hailed the long-awaited verdict in the Panama case and said that it would be a milestone in country's history. They said that none of the parties in the Panama case should react emotionally towards the Supreme

Published 21 Apr, 2017 12:00am

PML-N to mark 'Day of Gratitude' today

Pakistan Muslim League-Nawaz will mark Friday as 'Day of Gratitude' on the verdict of Panama Papers case. Workers of Pakistan Muslim League (N) will offer special prayers after Juma prayers. Prayers will also be offered for the development, progress and p

Published 21 Apr, 2017 12:00am

Opponents' conspiracy failed, says Shahbaz

Reacting to the verdict of Supreme Court, Punjab Chief Minister Muhammad Shahbaz Sharif said that another conspiracy of opponents has failed just like sit-in and picketing plan went in vain. Those who were against Pakistan's development and prosperity of

Published 21 Apr, 2017 12:00am

Terrorists' violence increased by 72 percent in first quarter: FRC report

Terrorist violence in FATA increased by 72 percent in the first quarter of 2017, compared to the last quarter of 2016, says FATA Research Centre (FRC) in its report released here on Thursday.

Published 21 Apr, 2017 12:00am

Undocumented refugees return to Afghanistan

A fresh surge of undocumented refugees have returned to Afghanistan from Pakistan this month, a humanitarian group said Thursday, saying they felt "forced to leave" as Islamabad continues a crackdown. The Norwegian Refugee Council said it had registered a

Published 21 Apr, 2017 12:00am

Annual gas pilferage in KP stands at Rs 7 billion: Khaqan

Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi on Thursday informed the National Assembly that annual gas pilferage of around Rs7 billion is made only in Khyber Pakhtunkhwa province.

Published 21 Apr, 2017 12:00am

IGP lauds performance of Hangu police

The Inspector General of Police (IGP) Khyber Pakhtunkhwa, Salah-ud-din Khan on excellent performance of foiling a terrorist bid awarded Hangu police with cash prizes and commendation certificates.

Published 21 Apr, 2017 12:00am

KP government notifies extension of 13 laws to PATA

The provincial government of Khyber Pakhtunkhwa with the approval of the President of the Islamic Republic of Pakistan has notified the extension of 13 laws related to Labour Department to the Provincially Administered Tribal Areas (PATA) with immediate e

Published 21 Apr, 2017 12:00am

Unruly driving in Islamabad's Diplomatic Enclave

Coming from the wrong side of the road in a narrow lane which houses the market as well as banks in the Diplomatic Enclave, Islamabad, a driver refused to give way when asked politely by the Resident Editor Business Recorder Thursday.

Published 21 Apr, 2017 12:00am

Dairy sector has potential to promote exports: envoy

The Ambassador of United Arab Emirates H.E. Essa Abdullah Al Basha Al Noaimi said that if developed on modern lines, Pakistan's dairy sector has the potential to promote €20 billion exports of dairy products to Europe and other countries. He said UAE cons

Published 21 Apr, 2017 12:00am

NAB KP hands over Rs 1.775 million cheque to FDMA

Director General (DG) National Accountability Bureau (NAB) Khyber Pakhtunkhwa Brig Farooq Naser Awan (retd) handed-over cheques amounting to Rs 1.775 million to Riaz Khan Dawar, Director (Administration) FATA Disaster Management Authority (FDMA) in a grac

Published 21 Apr, 2017 12:00am

President urges women to strive for country's progress

President Mamnoon Hussain on Thursday urged the women from different social, economic and cultural backgrounds to strive for country's progress and prosperity by ignoring all sorts of reservations, concerns and hesitation.

Published 21 Apr, 2017 12:00am

Issue of army official's disappearance to echo in Senate today

The Senate will discuss the mysterious disappearance of Lt Col Mohammad Habib (retd) on Friday (today), who is believed to be kidnapped by Indian spy agency RAW (Research and Analytical Wing) during his visit to Nepal in retaliation to award of death sent

Published 21 Apr, 2017 12:00am

Currency

China capital outflows stabilised in first quarter

Capital outflows from China eased significantly in the first quarter, with cross border capital flows becoming more balanced, the foreign exchange regulator said on Thursday.

Published 21 Apr, 2017 12:00am

Currency

China capital outflows stabilised in first quarter

Capital outflows from China eased significantly in the first quarter, with cross border capital flows becoming more balanced, the foreign exchange regulator said on Thursday.

Published 21 Apr, 2017 12:00am

Iraq's oil exports fall so far in April amid port work, OPEC cut

Oil shipments from Iraq's southern terminals have fallen so far in April, according to loading data and an industry source, reflecting a temporary drop in export capacity and Iraqi efforts to comply with OPEC production cuts.

Published 21 Apr, 2017 12:00am

Chinese tycoon accuses Beijing of meddling in interview

A Chinese property tycoon on Thursday accused Beijing of meddling in an interview with a US broadcaster during which he had vowed to air corruption allegations against high-ranking Communist Party officials. Guo Wengui, an outspoken critic of the Chinese

Published 21 Apr, 2017 12:00am

State public pension funding gap hits $1.1 trillion in 2015

US state public pension systems unfunded liabilities increased by 17 percent in fiscal 2015 to $1.1 trillion, largely due to the failure of investment returns meeting expectations, a study by the Pew Charitable Trusts showed on Thursday.

Published 21 Apr, 2017 12:00am

State public pension funding gap hits $1.1 trillion in 2015

Published 21 Apr, 2017 12:00am

BMW says profits beat expectations in first quarter

German luxury carmaker BMW on Thursday reported first-quarter pre-tax profits that were sharply higher than expected, largely thanks to one-off financial effects. Profits before tax increased by 27 percent to 3.0 billion euros ($3.2 billion) in the period

Published 21 Apr, 2017 12:00am

BMW says profits beat expectations in first quarter

Published 21 Apr, 2017 12:00am

Saudi malls to hire locals only

Foreigners will no longer be allowed to work in Saudi Arabia's numerous shopping malls, the labour ministry announced Thursday, in the latest measure to boost employment of Saudis. The kingdom has intensified efforts to develop more jobs for its citizens

Published 21 Apr, 2017 12:00am

Munich Re sees Asia driving growth for insurers

Growth in Asian emerging economies will boost global insurance markets into next year, balancing an expected slowdown in China, German reinsurance giant Munich Re said Thursday.

Published 21 Apr, 2017 12:00am

Amazon's arrival sounds wake-up bell for Australia's sleepy retailers

Global e-commerce juggernaut Amazon.com Inc on Thursday said it will open its online shopfront service in Australia, ending rumours about its plans and increasing the pressure on the domestic retail sector to catch up with the digital economy.

Published 21 Apr, 2017 12:00am

Ukraine's Mariupol to be without hot water for months

The main government-held city in Ukraine's separatist east has been forced to shut off its hot water until at least mid-October because it does not have enough money to pay off utility debts. The industrial port of Mariupol is home to 460,000 people and h

Published 21 Apr, 2017 12:00am

French conductor leads Tehran orchestra

Growing cultural ties between Iran and Europe were on display on Wednesday night as a French-Iranian conductor became one of the first Westerners to lead the Tehran Symphony Orchestra since the revolution. Iran's efforts to rebuild ties with the West - mo

Published 21 Apr, 2017 12:00am

Venezuela oil subsidiary gave Trump inauguration $500,000

Citgo, the US affiliate of Venezuela's state-run oil company, donated half a million dollars to Donald Trump's inauguration fund, documents released here show. The Houston, Texas-based Citgo is among 20 companies and individuals who made the largest donat

Published 21 Apr, 2017 12:00am

Gulf falls with oil but UAE's Union Properties, TAQA jump

Profit-taking and weak first-quarter earnings weighed on Gulf stock markets on Thursday, with Saudi Arabia's index pulled lower by petrochemical shares after oil prices fell sharply, but Dubai's Union Properties and Abu Dhabi's TAQA bucked the trend.

Published 21 Apr, 2017 12:00am

Tokyo stocks end down, Japan Post tumbles

Tokyo stocks closed slightly lower Thursday after spending most of the day in positive territory, with Japan Post tumbling on a report it may report a writedown totalling several billion dollars.

Published 21 Apr, 2017 12:00am

Thursday's early trade: Wall Street climbs as earnings gather pace

Wall Street was higher in late morning trading on Thursday, boosted largely by gains in financial and materials stocks. A 3.9 percent rise in shares of American Express kept the Dow Jones Industrial Average on track to break a two-day losing streak, altho

Published 21 Apr, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 10	278.78
USD PKR Interbank Buying / Jan 10	278.58
USD to Japanese Yen / Jan 10	157.84
USD to Swiss Franc / Jan 10	0.92
Pound Sterling to USD / Jan 10	1.22
Euro to USD / Jan 10	1.02

Stock	Volume
S&P 500 / Jan 10	5,824.15
India Sensex / Jan 10	77,378.91
Tokyo Nikkei / Jan 10	39,100.40
Nasdaq / Jan 10	19,146.19
Hang Seng / Jan 10	19,064.29
FTSE 100 / Jan 10	8,248.49
Dow Jones / Jan 10	41,910.26
Germany DAX 30 / Jan 10	20,214.79

Item	Value
Gold 10 Grams PKR / Jan 9	237,483
Crude Oil USD/Barrel / Jan 10	76.56
Karachi Cotton PKR/37.32 KG / Jan 10	18,785
Gold Spot USD/Ounce / Jan 10	2,716.80
Cotton US¢/pound / Jan 10	67.01
Petrol/Litre / Jan 11	252.66

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd / Jan 10 Chenab Limited(CHBL)	8.34 ▲ 1.00 (13.62%)
Pak Gen.Ins. / Jan 10 The Pakistan General Insurance Co. Ltd.(PKGI)	8.67 ▲ 0.89 (11.44%)
Tariq Corp.Pref. / Jan 10 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.76 ▲ 0.88 (11.17%)
Ist.Capital Sec / Jan 10 First Capital Securities Corporation(FCSC)	2.22 ▲ 0.22 (11.00%)
Sakrand Sugar / Jan 10 Sakrand Sugar Mills Limited(SKRS)	12.27 ▲ 1.12 (10.04%)
Dadex Eternit / Jan 10 Dadex Eternit Limited(DADX)	70.40 ▲ 6.40 (10.00%)
D.M. Textile / Jan 10 D.M. Textile Mills Limited(DMTX)	70.54 ▲ 6.41 (10.00%)
Khairpur Sug. / Jan 10 Khairpur Sugar Mills Limited(KPUS)	137.50 ▲ 12.50 (10.00%)
Mehmood Tex / Jan 10 Mehmood Textile Mills Limited(MEHT)	658.91 ▲ 59.90 (10.00%)

Stock	Price
First Capital Equities / Jan 10 First Capital Equities Limited(FCEL)	5.52 ▼ -0.67 (-10.82%)
S.G.Power / Jan 10 S.G. Power Limited(SGPL)	8.47 ▼ -1.00 (-10.56%)
JS Mom. Factor ETF / Jan 10 JS Momentum Factor ETF(JSMFETF)	13.42 ▼ -1.58 (-10.53%)
Liven Pharma / Jan 10 Liven Pharma Limited(LIVEN)	144.61 ▼ -16.07 (-10.00%)
Olympia Mills / Jan 10 Olympia Mills Limited(OML)	32.40 ▼ -3.60 (-10.00%)
Suhail Jute / Jan 10 Suhail Jute Mills Limited(SUHJ)	126.67 ▼ -14.07 (-10.00%)
Ali Asghar / Jan 10 Ali Asghar Textile Mills Limited(AATM)	63.85 ▼ -7.09 (-9.99%)
Blue-Ex Ltd / Jan 10 Blue-Ex Limited (GEM)(GEMBLUEX)	55.40 ▼ -6.15 (-9.99%)
Aisha Steel(ConPS) / Jan 10 Aisha Steel(ConPS)(ASLPS)	11 ▼ -1.20 (-9.84%)

Stock	Volume
WorldCall Telecom / Jan 10 Worldcall Telecom Limited(WTL)	195,296,323 ▼ -0.06
K-Electric Ltd. / Jan 10 K-Electric Limited(KEL)	48,682,503 ▼ -0.01
Cnergyico PK / Jan 10 Cnergyico PK Limited(CNERGY)	35,460,848 ▲ 0.06
Fauji Foods Ltd / Jan 10 Fauji Foods Limited(FFL)	31,825,296 ▲ 0.77
Pace (Pak) Ltd. / Jan 10 Pace (Pakistan) Limited(PACE)	23,629,459 ▲ 0.34
Pak Elektron / Jan 10 Pak Elektron Limited(PAEL)	23,144,464 ▲ 1.09
Lotte Chemical / Jan 10 Lotte Chemical Pakistan Limited(LOTCHEM)	19,944,268 ▼ -0.24
Air Link Com. / Jan 10 Air Link Communication Limited(AIRLINK)	15,918,682 ▼ -5.65
B.O.Punjab / Jan 10 The Bank of Punjab(BOP)	15,645,082 ▲ 0.01

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular