News Archives for Print - 2017-05-19

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Print - 2017-05-19

Vegetable Oil

Rotterdam vegetable oil prices

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

Published 19 May, 2017 12:00am

Asif's remarks Pandemonium prevails in NA

May 18: The opposition Thursday staged a walkout from the National Assembly over the remarks of Federal Minister for Water and Power Khawaja Asif against Pakistan Tehreek-e-Insaf MNA Ayesha Gulalai, who called her a 'thief.' The remarks caused a pandemoni

Published 19 May, 2017 12:00am

Exchange

Pak-Turkey regional consultations held

The first session of Pakistan-Turkey Regional Consultations at Directors-General Level between the Foreign Ministries of Pakistan and Turkey was held here on Thursday. The Turkish side was led by Ambassador Fazli Corman, Director General (South Asia) and

Published 19 May, 2017 12:00am

Railway track: PR signs MoU with China for upgradation

Federal Minister for Railways Khawaja Saad has said that Pakistan and China have signed a framework agreement for up-gradation of Karachi-Peshawar Railway Line (ML-1) besides Karachi circular railway project. While talking to reporters here on Thursday at

Published 19 May, 2017 12:00am

Ministry lobbying for retaining GSP Plus status beyond 2018: NA informed

Ministry of Commerce in consultation with Ministry of Foreign Affairs and Trade Development Authority of Pakistan (TDAP) is chalking out an effective lobbying and communication plan to retain GSP Plus facility beyond 2018. Minister for Commerce Khurram Da

Published 19 May, 2017 12:00am

Shahbaz vows to safeguard farmers' interest

Punjab Chief Minister Muhammad Shahbaz Sharif said on Thursday that he would go to every extent to safeguard the interests of farmers. "Farmers are not alone and I have always been standing with them in every moment," Shahbaz said while talking to farmers

Published 19 May, 2017 12:00am

Lesco issues notification for pre-mature increment

The Lahore Electric Supply Company (LESCO) has issued notification for pre-mature increment against pending cases since 2002, said sources. According to the notification, it has been decided to offer pre-mature increment to the pending up-gradation time s

Published 19 May, 2017 12:00am

Sindh Assembly rejects PTI motion seeking debate on pollution

The majority at the Sindh Assembly rejected PTI legislator's adjournment motion that sought debate on growing pollution that hurts the urban environment badly and gives birth to deadly diseases. Dr Seema Zia of Pakistan Tehreek-e-Insaf (PTI) on Thursday s

Published 19 May, 2017 12:00am

PCMEA reviews expo arrangements

The Pakistan Carpet Manufacturers and Exporters Association (PCMEA) in its meeting on Thursday reviewed arrangements for holding 35th Pakistan International Carpet Exhibition 2017. The association's chairman, Usman Ghani presided over the meeting which wa

Published 19 May, 2017 12:00am

80 percent illicit trade stems from locally made tax-evaded cigarettes

Over 80 percent of Pakistan's illicit cigarette problem stems from locally manufactured tax-evaded cigarettes having prices as low as Rs 15-20 against minimum tax payable per pack ie around Rs 43.

Published 19 May, 2017 12:00am

JI dissatisfied over government's reforms initiative in Fata

Jamaat-e-Islami (JI) has expressed dissatisfaction over the government initiatives toward bringing reforms in Federally Administered Tribal Areas, and demanded the proposed recommendations of the reforms committee to be implemented in true letter and spir

Published 19 May, 2017 12:00am

PFA to have three shifts

The Punjab Food Authority (PFA) in order to tighten the noose against adulteration mafia has started working in third shift and constituted special field teams which will work till midnight. These teams will work in addition to the teams working in the mo

Published 19 May, 2017 12:00am

China visit successful from every aspect: Shahbaz

Punjab Chief Minister Shahbaz Sharif said on Thursday that Pakistan and China have signed agreements worth trillions of rupees during the recent visit of Pakistani leadership to China. He said this while talking to media at Lahore Airport on his return fr

Published 19 May, 2017 12:00am

Gastro cases up in Multan

The gastro-enteritis went out of control in Multan as 207 new patients were brought to different hospitals in the city. Gastro-enteritis or infectious diarrhoea, which is inflammation of the gastrointestinal tract that involves the stomach and small intes

Published 19 May, 2017 12:00am

Shahbaz reviews progress of infrastructure projects

Punjab Chief Minister Muhammad Shahbaz Sharif presided over a high level meeting here Thursday, which reviewed progress of ongoing infrastructure projects in the province and different matters of six-km long elevated Expressway project from Ravi Bridge to

Published 19 May, 2017 12:00am

Five customs personnel suspended

Model Customs Collectorate, Peshawar, has suspended five personnel over allegedly taking bribes with immediate effect while disciplinary action against them was also initiated. The action has been taken in wake of some video clips going viral on social me

Published 19 May, 2017 12:00am

Eight burn as coach catches fire

At least eight people were scorched when a passenger coach caught fire after collision with trailer here on Thursday. Police said that an over speeding Jalalpur Jattan bound passenger coach coming from Islamabad collided with a trailer at Motorway in Salt

Published 19 May, 2017 12:00am

International seminar to mark Dr Ambedkar Day held

Punjab Centre for South Asian Studies, University of the Punjab, Lahore in collaboration with Sir Ganga Ram Heritage Foundation, Lahore, organised a 10th International Seminar of Dr Bhim Rao Ambedkar Day on "Dr B R Ambedkar's Role to Empower Women". Socia

Published 19 May, 2017 12:00am

Monopoly in pharmacy can't be allowed: JI chief

Chief of Jamaat-e-Islami, Senator Sirajul Haq, has said that the government could not be allowed to ruin the small business of the common people only to please the multinational companies. He was talking to the media after a meeting with a delegation of t

Published 19 May, 2017 12:00am

Exchange

'New law will only apply to real estate companies registered with SECP'

Securities and Exchange Commission of Pakistan (SECP) has clarified that a new provision proposed in the Companies Bill, 2017, presently in the National Assembly of Pakistan for its final approval, shall only apply to companies registered with the SECP an

Published 19 May, 2017 12:00am

WRN amplifies voice of marginalized, displaced women

The Women's Regional Network (Afghanistan, Pakistan and India) launches the report "Women in Conflict: Voices for Equality" written by eminent women's rights activist and lawyer Rukhshanda Naz. The report focuses on displaced women from FATA where WRN use

Published 19 May, 2017 12:00am

Last horsemen of Hunza: Buzkashi game faces final whistle

In a remote northern valley surrounded by giant ice-capped peaks, villagers gather to watch a game of Buzkashi, an ancient equestrian sport once seen as a key test of virility that is now struggling for survival. Baksh Dil Khan, a retired schoolteacher is

Published 19 May, 2017 12:00am

Two more held in illegal organ transplant scandal

More arrests have been made over illegal organ transplant as the Federal Investigation Agency (FIA) arrested two more accused here on Thursday. According to FIA officials, the accused, Naveed, was an operation theatre assistant at Mayo Hospital while othe

Published 19 May, 2017 12:00am

PARTLY FACETIOUS: There's little that Trump likes

"Will Trump meet Mian sahib or wouldn't he!"

Published 19 May, 2017 12:00am

Jhagra lauds role of tribesmen in country's progress

Khyber Pakhtunkhwa Governor Engr Iqbal Zafar Jhagra has said that the role and sacrifices rendered by the tribal people in development, progress and stability of the country is a visible part of our national history. "Our brethren from FATA left their hom

Published 19 May, 2017 12:00am

Exchange

Marine experts call for regional cooperation

Marine experts on Thursday called for the regional co-operation to transfer technology and knowledge to help nations manage fisheries resources, effectively. At the concluding session of a two-day workshop titled 'improving transparency and traceability i

Published 19 May, 2017 12:00am

NICL CEO unlikely to get extension

Commerce Ministry is unlikely to support an extension to the Chief Executive Officer (CEO) National Insurance Company Limited (NICL) Captain Jamil Ali Akhtar, after the Prime Minister assessed his performance below the Key Performance Indicators (KPIs), w

Published 19 May, 2017 12:00am

Need for developing fisheries stressed

Sindh Fisheries Minister Muhammad Ali Malkani has emphasised the need for development of the fisheries sector to ensure food for the growing population and to be conserved in order to sustain the nature. Addressing a seminar on fisheries revitalization an

Published 19 May, 2017 12:00am

K-Electric converts 2,400 PMTs on ABCs

K-Electric on Thursday said that as many as 2,400 pole mounted transformers (PMTs) were converted on Aerial Bundled Cable (ABC) since the launch of its flagship community development project 'Ujala.' The latest installation under the project, according to

Published 19 May, 2017 12:00am

AD Khawaja case: SHC extends stay order till May 23

The Sindh High Court (SHC) on Thursday stayed its order for AD Khawaja to continue performing his duties as Inspector General Police (IGP) Sindh. The SHC heard the petition to remove AD Khawaja as the IGP Sindh and the petition against the Police Act. The

Published 19 May, 2017 12:00am

NUST, Beihang University China ink memo

As part of the larger 'One Belt One Road Initiative', National University of Sciences and Technology (NUST), Pakistan signed a memorandum of understanding (MoU) with Beihang University, China for strengthening connectivity and promoting co-operation betwe

Published 19 May, 2017 12:00am

Government urged to protect & promote local industry

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has urged the government to adopt measures to protect and promote local industry through allocations in the financial budget. "Growth rate, provision of jobs and revenue c

Published 19 May, 2017 12:00am

Exchange

BoI, PASDEC for inclusion of marble centres in CPEC

Board of Investment (BoI) and Pakistan Stone Development Company (PASDEC) are jointly working to include Pakistan's marble centres of KPK, Fata and Balochistan in China-Pakistan Economic Corridor (CPEC). This was stated by Chief Executive Officer (CEO) PA

Published 19 May, 2017 12:00am

Exchange

Centralized eIPO system: CDC, 1Link sign pact for processing of payments

The Central Depository Company of Pakistan Limited (CDC) and 1link (Guarantee) Limited recently signed an agreement for Bill Payment System (BPS), as part of the Centralized eIPO System, at CDC House. The agreement was signed by Aftab Diwan, CEO-CDC and N

Published 19 May, 2017 12:00am

Senate special body discusses narcotics, other issues

The Senate Special Committee on Performance of Pakistan International Airlines (PIA) has expressed serious apprehensions over the system of accountability in the administration of the national flag carrier, after it was informed that the captain involved

Published 19 May, 2017 12:00am

Abolition of RD on steel items proposed

Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) has proposed abolition of Regulatory Duty (RD) imposed on steel items in coming budget 2017-18. The proposal was tabled by Chairman Mashood Ali Khan & Senior Vice Chairman Sae

Published 19 May, 2017 12:00am

300 clerks arrested in Islamabad

The city police Thursday resorted to baton-charge and rounded up over three hundreds clerks when they tried to stage a protest demonstration in front of the Parliament House. A large number of clerks from different organisations gathered under the auspice

Published 19 May, 2017 12:00am

Hashoo Group, USAID announce signing of memo

Hashoo Group and the US Agency for International Development (USAID) announced the signing of a memorandum of understanding that will create a framework of collaboration on capacity building, hospitality education, entrepreneurship and impact investment,

Published 19 May, 2017 12:00am

APML to field various candidates in KP

All Pakistan Muslim League (APML) has announced to field candidates in maximum of the national and provincial assembly constituencies in Khyber Pakhtunkhwa in the next general elections. This was stated by APML Provincial Chief Organiser Aurangzeb Mohmand

Published 19 May, 2017 12:00am

Kulbhushan Jadhav: Law Ministry takes up issue of interim order: Marriyum

Minister of State for Information and Broadcasting Marriyum Aurangzeb Thursday said that Law Ministry has taken up the issue of interim order of International Court of Justice in Kulbhushan Jadhav case and assured that everything will be done in accordanc

Published 19 May, 2017 12:00am

BJP leader threatens journalist in IoK

Bharatiya Janata Party (BJP) leader and member of the so-called Kashmir Assembly from Jammu's RS Pura constituency, Gagan Bhagat has called up a journalist and questioned him over a news report. In a five-and-a-half minute audio clip viral on social media

Published 19 May, 2017 12:00am

CJCSC briefed on PAF preparedness

General Zubair Mahmood Hayat, Chairman Joint Chiefs of Staff Committee visited Air Headquarters, Islamabad. On his arrival, he was received by Air Chief Marshal Sohail Aman, Chief of the Air Staff, Pakistan Air Force. He was given a detailed briefing on t

Published 19 May, 2017 12:00am

Thallian Housing Project Islamabad: PAC asks FGEHF to halt process of sale & purchase of land

The Public Accounts Committee (PAC) Thursday asked Federal Government Employees Housing Foundation (FGEHF) to stop all land sale/purchase process for the Thallian Housing Project Islamabad till the panel clears it. The meeting of subcommittee of the PAC h

Published 19 May, 2017 12:00am

PTI urges PM to explain ICJ's response to India's plea

Pakistan Tehreek-e-Insaf (PTI) has demanded from the Prime Minister to explain the outcome of ICJ's proceedings on India's plea against Kulbhushan Jadhav's conviction by Pakistani Court, says a press release issued here on Thursday. Central Secretary Info

Published 19 May, 2017 12:00am

Government may opt for rental power plants

The government may opt for rental power plants to overcome power load shedding in case it found difficult to fulfill the promise of uninterrupted 24/7 power supply in 2018, said sources. The power sector sources, especially those from the Independent Powe

Published 19 May, 2017 12:00am

Kali Luqman, Kali Jahangir: Afghanistan's demand for evacuation rejected

Pakistan has rejected Afghanistan's demand to evacuate Kali Luqman and Kali Jahangir as the flag meeting ended without any result, however, both countries agreed to maintain ceasefire till a consensus is reached.

Published 19 May, 2017 12:00am

Curfew clamped down in Mohmand Agency

To maintain law and order situation, curfew has been clamped down in all parts of Mohmand Agency except Prang Ghar tehsil, local administration said in a press release on Thursday. In this connection announcement has been made from mosques through loudspe

Published 19 May, 2017 12:00am

Irrfan in new film about Pakistani affair

Oscar-winning director Asif Kapadia is to make a film about a disastrous adulterous affair among the Pakistani elite with Indian star Irrfan Khan, according to reports Thursday. "Moth Smoke" is being adapted from the debut novel of Pakistan-born writer Mo

Published 19 May, 2017 12:00am

Government committed to provide affordable, best healthcare: President

President Mamnoon Hussain on Thursday said that the government was committed to provide affordable and best medical healthcare facilities to the general public. Addressing the 35th undergraduate convocation of Army Medical College under the auspices of Na

Published 19 May, 2017 12:00am

National moot on 'Green Energy Technologies' held

To review the current developments, opportunities and challenges in renewable energy technologies and power engineering with specific reference to national needs, a National Conference on Green Energy Technologies held on Thursday. The conference was orga

Published 19 May, 2017 12:00am

Four TTP terrorists executed

Four 'hardcore' TTP terrorists involved in committing heinous offences have been executed in an unspecified jail in Khyber-Pakhtunkhwa on Thursday in light of their death sentences by military courts. According to the Inter Services Public Relations (ISPR

Published 19 May, 2017 12:00am

Foreign Secretary calls on AJK President

Foreign Secretary Tehmina Janjua on Thursday called on President Azad Jammu and Kashmir Sardar Masood Khan in Islamabad. The Foreign Secretary assured the AJK President that Foreign Office and all Pakistan missions abroad will continue to support the caus

Published 19 May, 2017 12:00am

National Assembly passes six bills

The National Assembly passed as many as six bills including 'The Witness Protection, Security and Benefit Bill, 2016,' 'The Alternative Dispute Resolution Bill, 2017' and 'The National Counter Terrorism Authority (Amendment) Bill, 2017'. The House adopted

Published 19 May, 2017 12:00am

AIDC meets today after being accused of altering meeting's minutes

Auto Industry Development Committee (AIDC) is all set to hold a stormy meeting on Friday (today) after accusations of alteration in minutes of the body's 24th meeting held last month, well-informed sources told Business Recorder. The main agenda of

Published 19 May, 2017 12:00am

Exchange

Global telecom giants undertaking major ventures: minister

Minister of State for Information Technology and Telecommunications Anusha Rahman said on Thursday that global telecom giants are undertaking major ventures in Pakistan. "Our country's start-up enterprises are winning great accolades at global technology

Published 19 May, 2017 12:00am

Mutual Funds

MCB Arif Habib Savings celebrates Mother's Day at SOS Village

MCB Arif Habib Savings recently arranged an activity at the SOS Village Karachi to pay tribute to their 'House Mothers' and to spend quality time with the resident children. This being part of the Mother's Day celebration was a means to encourage employee

Published 19 May, 2017 12:00am

Haideri terms attack on his convoy an 'act of cowardice'

Deputy Chairman of the Senate Maulana Abdul Ghafoor Haideri has accused the neighbouring countries for becoming tool of India which is hell bent to destabilise and damage Pakistan. Addressing a press conference after his recovery from the attempt on his l

Published 19 May, 2017 12:00am

UBL signs MoU with Sinosure in Beijing

Wajahat Husain, President & CEO UBL, Pakistan's Best Bank 2016, recently visited Beijing, China where he met with top executives of leading Chinese Banks and Policy Institutions and further cemented business ties. A landmark achievement during this visit

Published 19 May, 2017 12:00am

Exchange

Power solution: exhibitors negotiate orders worth over Rs 100 million

Exhibitors have negotiated the orders worth over Rs 100 million for power solution at the 15th International Exhibition for the Energy Industry, POGEE-2017, concluded here on Thursday. The exhibitors from over two dozen countries have shown their satisfac

Published 19 May, 2017 12:00am

Gas pipeline damaged in explosion in Manghopir

An explosion damaged the Sui gas pipeline near Madinatul Hikmat area of Manghopir in the wee hours of Thursday. According to Sui Gas officials, the explosion caused damage to the 16-inch diameter gas pipeline. Due to the incident, gas supply to Manghopir,

Published 19 May, 2017 12:00am

PTI rally in Quetta today

Pakistan Tehreek-e-Insaf (PTI) will put on a political power show in Quetta today (Friday) after a span of five years. The rally will be held at Quetta's Ayoub Stadium where PTI Chairman Imran Khan will address thousands of his supporters. Several main ro

Published 19 May, 2017 12:00am

Shortage of LPG feared in Ramazan

LPG Chamber of Pakistan has warned of LPG shortage during the holy month of Ramazan following a refusal of the LPG terminal company, a subsidiary of Sui Southern Gas Company (SSGC), dealing with LPG importers to allow handling of two LPG ships. The govern

Published 19 May, 2017 12:00am

Bizenjo slams labourers' killing in Gwadar

The Federal Minister for Ports and Shipping and Chief of National Party of Pakistan Mir Hasil Bizenjo has strongly condemned the target killing of nine labourers of Nushero Feroz district of Sindh and termed it the brutal act of those who do not want the

Published 19 May, 2017 12:00am

Metro Cash & Carry celebrates FSSC achievement

Metro Cash and Carry Pakistan celebrated another milestone in the field of Sustainable Quality Assurance when its Airport Store was awarded "(FSSC) Food Safety System Certification 22000", which is the third store to achieve this milestone. Metro Cash & C

Published 19 May, 2017 12:00am

Cotton

'Next 10 years will be a golden decade for Pakistan,' Asif Jooma, Chief Executive, ICI Pakistan

Recently BR Research met with Asif Jooma, the Chief Executive (CE) of ICI Pakistan Limited and NutriCo Pakistan Pvt Ltd. He started his career with ICI Pakistan in 1983 and has served the Company within various roles for more than thirty years. He joined

Published 19 May, 2017 12:00am

Cotton

'Next 10 years will be a golden decade for Pakistan,' Asif Jooma, Chief Executive, ICI Pakistan

Published 19 May, 2017 12:00am

Hearing of sugarcane growers' petitions adjourned

The Lahore High Court Thursday adjourned to May 24 the hearing of the petitions of sugarcane growers seeking payments from various banks for further arguments. Petitioner Nishat and others stated that they supplied sugarcane to Brother Sugar Mill in 2013

Published 19 May, 2017 12:00am

Text of SRB notification

The following is the full text of SRB's Notification: "No SRB -3-4/7/2017. In exercise of the powers conferred by section 45 of the Sindh Sales Tax on Services Act, 2011 (Sindh Act No XII of 2011), the Sindh Revenue Board is pleased to exempt the whole of

Published 19 May, 2017 12:00am

Exchange

US MIDDAY: gold turns lower

Gold fell on Thursday as a bounce in the dollar prompted some buyers to cash in gains after its biggest one-day rally in nearly a year, though uncertainty over the outlook for the Trump presidency underpinned the metal near two-week highs. Gold surged nea

Published 19 May, 2017 12:00am

Soyabeans down

US soyabean futures fell nearly 3 percent on Thursday as a plunge in the value of Brazil's currency threatened US soya exports and encouraged Brazilian farmers to step up sales from their record-large harvest, analysts said. Corn and wheat followed soyabe

Published 19 May, 2017 12:00am

Exchange

Gold eases in Europe

Gold eased on Thursday as a bounce in the dollar prompted some buyers to cash in gains after its biggest one-day rally in nearly a year, though uncertainty over the outlook for the Trump presidency underpinned the metal near two-week highs. Gold surged ne

Published 19 May, 2017 12:00am

Gold weakens in Asia

Gold prices weakened after touching a more than two-week high on Thursday, weighed down by profit-taking amid political turmoil in the United States. The yellow metal rose about 2 percent on Wednesday in its biggest one-day percentage gain since June last

Published 19 May, 2017 12:00am

Gold rises in NY

Gold rose to a two-week high on Wednesday as political turmoil in the United States reduced expectations of aggressive interest rate rises this year, pushed down US bond yields and drove the dollar to its lowest in six months. Lower yields reduce the oppo

Published 19 May, 2017 12:00am

Sugar, coffee futures sink as Brazil's currency tumbles

Raw sugar and arabica coffee futures on ICE fell sharply on Thursday, pressured by an 8 percent slump in the Brazilian currency following allegations that the country's president agreed to bribe a witness in corruption probe. Brazil is the top producer of

Published 19 May, 2017 12:00am

Vegetable Oil

Palm oil declines, tracking weaker rival oils

Malaysian palm oil futures fell on Thursday evening, tracking weaker soyaoil on the Chicago Board of Trade and other related edible oils on China's Dalian Commodity Exchange. The benchmark palm oil contract for August delivery on the Bursa Malaysia Deriva

Published 19 May, 2017 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

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

Published 19 May, 2017 12:00am

Smaller cities keep China home property market hot in April

Home prices in Beijing and some major Chinese cities softened in April due to ongoing curbs to cool China's red-hot property market, but average prices nationwide saw their largest increase in six months, helped by purchases in smaller cities. New home pr

Published 19 May, 2017 12:00am

Australian shares sink

Australian shares sank on Thursday dragged down by financials such as Westpac Banking Corp, after it traded ex-dividend, despite an improvement in the country's jobless rate. The S&P/ASX 200 index dropped 0.8 percent, or 47.728 points to 5,738.3 at the cl

Published 19 May, 2017 12:00am

MSCI shares pose main drag on Gulf markets

Stock markets in the Middle East most exposed to foreign fund flows followed global shares lower on Thursday, while the Saudi Arabian index, dominated by local investors, outperformed the region for the day and the week. Dubai's index lost 0.5 percent as

Published 19 May, 2017 12:00am

Treasury yields fall

US Treasury yields fell to three-week lows on concerns that scandals embroiling US President Donald Trump would delay his bid to cut taxes and regulation and push through infrastructure spending, which boosted demand for safe-haven bonds. Reports that Tru

Published 19 May, 2017 12:00am

Treasury yields fall

Published 19 May, 2017 12:00am

Hong Kong stocks lower

Hong Kong stocks followed others in Asia lower on Thursday as political turmoil in Washington knocked Wall Street and dented risk appetites in global markets. Equities in Asia took cues from New York, where the Dow and S&P 500 both sank about 1.8 percent

Published 19 May, 2017 12:00am

India's NSE index falls

India's NSE index fell more than 1 percent on Thursday, its biggest one-day fall in four months, as investors locked in profits on recent gains and as global markets were hit over swirling political uncertainty in the United States. The broader NSE index

Published 19 May, 2017 12:00am

Exchange

Wall Street tumbles as reform hopes fade with Trump crisis

The S&P 500 and the Dow notched their biggest one-day fall since September 9 as investor hopes for tax cuts and other pro-business policies faded after reports that US President Donald Trump tried to interfere with a federal investigation set off alarm be

Published 19 May, 2017 12:00am

Thursday's early afternoon trade: upbeat data lures back investors after Trump slump

US stocks rose as upbeat economic data emboldened investors to return to the market on Thursday, a day after Wall Street suffered its worst selloff in eight months following a political turmoil involving President Donald Trump. Reports that Trump had trie

Published 19 May, 2017 12:00am

Tokyo stocks down on mounting Trump woes

Tokyo stocks dropped Thursday as the mounting crisis engulfing Donald Trump's presidency raised more questions about the future of his economic agenda, which has been credited for helping fan a global rally. The benchmark Nikkei 225 index fell 1.32 percen

Published 19 May, 2017 12:00am

China stocks lower

China's main stock indexes followed other Asian markets lower on Thursday as political turmoil in Washington knocked Wall Street and dented risk appetite in global markets. The blue-chip CSI300 index fell 0.3 percent, to 3,398.11 points, while the Shangha

Published 19 May, 2017 12:00am

US economic outlook brightens as job market tightens

New applications for US jobless benefits unexpectedly fell last week and the number of Americans on unemployment rolls tumbled to a 28-1/2-year low, pointing to rapidly shrinking labour market slack. The economy's brightening prospects were further booste

Published 19 May, 2017 12:00am

Alibaba profits almost double to $1.55 billion

Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of soaring growth in online shopping. Alibaba, which has made billionaire founder Jack Ma one of China's richest men, is a dominant player in on

Published 19 May, 2017 12:00am

Alibaba profits almost double to $1.55 billion

Published 19 May, 2017 12:00am

Japan's economy posts longest expansion in a decade

Japan has posted its longest economic expansion in over a decade, government data showed Thursday, marking a win for Tokyo's growth bid even though its battle to conquer deflation is still far from won. The world's number three economy grew 0.5 percent in

Published 19 May, 2017 12:00am

General Motors to stop sales in India by year end

US auto giant General Motors will stop selling cars in India by year end, it said Thursday, putting the brakes on efforts to penetrate one of the world's fastest growing markets. The firm announced it will phase out its Chevrolet brand by the end of 2017

Published 19 May, 2017 12:00am

Volvo Cars moves into fast-growing Indian market

Swedish carmaker Volvo said Thursday it will start assembling cars in India this year in a move into a fast-expanding market where it has had only a small presence until now. Volvo Cars said in a statement that it was teaming up with truck manufacturer Vo

Published 19 May, 2017 12:00am

Trump administration launches NAFTA renegotiation process

US President Donald Trump's administration formally notified Congress on Wednesday of its intent to renegotiate the three-nation North American Free Trade Agreement. The talks with Canada and Mexico will begin "no earlier than August 16, 2017," US Trade R

Published 19 May, 2017 12:00am

Wal-Mart's online sales, customer visits rise; shares hit 52-week high

Wal-Mart Stores Inc on Thursday reported higher-than-expected quarterly sales at established US stores, as a huge investment to bring more customers into the discount retailer paid off and a bigger push into e-commerce boosted online purchases, sending it

Published 19 May, 2017 12:00am

Suedzucker optimistic as free EU sugar market to start

Germany's Suedzucker, Europe's largest sugar refiner, said on Thursday it was optimistic its core sugar sector would achieve higher earnings as the EU enters a new era with a liberalised sugar market. Suedzucker CEO Wolfgang Heer told a news conference he

Published 19 May, 2017 12:00am

Ralph Lauren's comparable sales fall for ninth straight quarter

Ralph Lauren Corp reported its ninth straight fall in quarterly sales at established stores as fewer customers visited its stores, sending the company's shares down 3 percent to levels last seen during the financial recession. The company also said it exp

Published 19 May, 2017 12:00am

Ralph Lauren's comparable sales fall for ninth straight quarter

Published 19 May, 2017 12:00am

Philippine Q1 GDP growth weakest in a year, but rate rise on cards

The Philippine economy grew at its slowest pace in more than a year in the first quarter on weaker government spending, but strong exports and domestic consumption suggest the Southeast Asian country remains poised to raise rates this year. It was the slo

Published 19 May, 2017 12:00am

IMF raises South Africa's growth forecast for 2017 to one percent

The International Monetary Fund has raised South Africa's growth forecast for this year after recoveries in the agriculture and mining sectors, but perceptions of policy uncertainty pose a downside risk, a senior official said on Thursday. The IMF expects

Published 19 May, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 13	281.73
USD PKR Interbank Buying / May 13	281.53
USD to Japanese Yen / May 13	147.10
USD to Swiss Franc / May 13	0.84
Pound Sterling to USD / May 13	1.33
Euro to USD / May 13	1.12
UK LIBOR % / May 13	4.96

Stock	Volume
S&P 500 / May 13	5,886.55
India Sensex / May 13	81,148.22
Tokyo Nikkei / May 13	37,897.71
Nasdaq / May 13	19,010.09
Hang Seng / May 13	23,441.04
FTSE 100 / May 13	8,602.92
Dow Jones / May 13	42,140.43
Germany DAX 30 / May 13	23,638.56
France CAC40 / May 13	7,873.83

Item	Value
Crude Oil USD/Barrel / May 13	63.36
Karachi Cotton PKR/37.32 KG / May 13	16,985
Gold 10 Grams PKR / May 13	295,096
Gold Spot USD/Ounce / May 13	3,227.76
Cotton US¢/pound / May 13	66.61
Petrol/Litre / May 14	252.63
Diesel/Litre / May 14	256.64

Gainers
Losers
Leaders

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.51 ▲ 0.72 (19%)
TPL Trakker Ltd / May 13 TPL Trakker Limited(TPLT)	6.59 ▲ 1 (17.89%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.88 ▲ 1 (17.01%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.34 ▲ 1 (13.62%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Mahanna Islamic Index / May 13 Mahanna Islamic Index Traded Fund(MIIETF)	15.47 ▲ 1.65 (11.94%)
Haseeb Waqas / May 13 Haseeb Waqas Sugar Mills Limited(HWQS)	9.59 ▲ 1 (11.64%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)

Stock	Price
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	15.35 ▼ -1.71 (-10.02%)
Bilal Fibres / May 13 Bilal Fibres Limited(BILF)	19.59 ▼ -2.18 (-10.01%)
TPL Life Insur. / May 13 TPL Life Insurance Limited(TPLL)	46.80 ▼ -5.2 (-10%)
Din Tex. / May 13 Din Textile Mills Limited(DINT)	45 ▼ -4.99 (-9.98%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Suhail Jute / May 13 Suhail Jute Mills Limited(SUHJ)	78.36 ▼ -8.24 (-9.52%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.77 ▼ -0.28 (-9.18%)
Parmount Sp. / May 13 Paramount Spinning Mills Limited(PASM)	3.36 ▼ -0.31 (-8.45%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.95 ▼ -0.25 (-7.81%)
First IBL Mod. / May 13 First IBL Modaraba(FIBLM)	3 ▼ -0.24 (-7.41%)

Stock	Volume
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	41,734,903 ▼ -0.06
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	41,052,877 ▲ 6.27
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	35,773,773 ▲ 2.33
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	30,912,153 ▲ 15.65
B.O.Punjab / May 13 The Bank of Punjab(BOP)	24,175,098 ▼ -0.16
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	24,174,880 ▼ -0.09
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	23,803,446 ▼ -0.22
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	21,754,749 ▼ -3.25
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	20,681,855 ▲ 1.82
D.G.K.Cement / May 13 D.G. Khan Cement Company Limited(DGKC)	19,785,523 ▲ 10.35

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