News Archives for Print - 2017-05-27

Print - 2017-05-27

King of Cannes Haneke could get record third Palme d'Or

Austrian director Michael Haneke could take a record third Palme d'Or at this year's Cannes Film Festival, where "Happy End" screened on Monday.

Published 27 May, 2017 12:00am

Massive reduction in Nacta budget

The government has massively reduced the allocation for National Counter Terrorism Authority (NACTA) while allocating a meagre amount of Rs 148 million in the budget 2017-18 compared to Rs 1.56 billion sanctioned for the fiscal year 2016-17. According to

Published 27 May, 2017 12:00am

Energy experts' meeting held

A meeting of energy experts to assess the load forecast, generation planning and to devise a plan for future needs of power sector was held under the Chairmanship of Managing Director NTDC Dr. Fiaz A. Chaudhry, here at the WAPDA House on Friday. Welcoming

Published 27 May, 2017 12:00am

4,139 children sexually abused in 2016: report

According to a report prepared by Sahil on Child Sexual Abuse, there are 4139 children, who have sexually been abused in 2016. In the year of 2016, the Cruel Number data reveals that 2410 girls and 1729 boys are victims of sexual exploitation. Astonishing

Published 27 May, 2017 12:00am

Opposition lawmakers stage walkout amid PM's presence

The government was left red-faced in National Assembly on Friday as opposition lawmakers staged a walkout amid budget speech by Finance Minister Ishaq Dar with "go Nawaz go" slogans in presence of Prime Minister Nawaz Sharif.

Published 27 May, 2017 12:00am

Rs 200 million allocated for FAD's two projects

The government has earmarked Rs 200 million for two new projects of Foreign Affairs Division (FAD) in the federal budget 2017-18, presented in the National Assembly on Friday. According to the budget document, the Foreign Affairs Division will execute two

Published 27 May, 2017 12:00am

Interior division gets Rs 15.66 billion under PSDP

The government has earmarked a sum of Rs 15.666 billion for Interior Division for fiscal year 2017-18 under Public Sector Development Programme (PSDP), compared to Rs 11.56 billion in fiscal year 2016-17. The budget document shows an increase of 26.20 per

Published 27 May, 2017 12:00am

Saleem Shehzad granted bail in two cases

An Anti-terrorism Court (ATC) on Friday granted bail to former central leader of Muttahida Qaumi Movement (MQM) Saleem Shehzad in two cases. The ATC heard bail application of Saleem Shehzad in murder case of one Shoaibullah and another case relating to an

Published 27 May, 2017 12:00am

GST on steel up by 17 percent to Rs 10.5 per unit

The federal government has proposed to increase sales tax for steel sector by 17 percent to Rs 10.5 per unit of electricity for the next fiscal year 2017-18. Steel sector is currently paying sales tax on the basis of consumption of electricity at the rate

Published 27 May, 2017 12:00am

GST on steel up by 17 percent to Rs 10.5 per unit

Published 27 May, 2017 12:00am

Major relief provided to people?

The government seems to have provided a major relief to ordinary citizens in the budget 2017-18 and provincial assessment concept has been abolished by omitting provisions of section 122C from the Income Tax Ordinance, 2001. As per Budget 2017-18 document

Published 27 May, 2017 12:00am

Partly Facetious: Difference between words 'imitate' and 'immolate'

"Hmm, I reckon he is trying to imitate Putin, the Russian strongman."

Published 27 May, 2017 12:00am

PTI workers barge into grid station, restore power supply

Enraged by traumatizing electricity loadshedding, PTI workers barged into a grid station on Friday, and turned on electricity supply to all feeders. The workers, under the leadership of PTI MPA Fazal Elahi, entered the station and opened the closed feeder

Published 27 May, 2017 12:00am

Terrorist arrested

The Counter Terrorism Department (CTD) on Friday arrested a terrorist from Charsadda Road, Peshawar. The accused was wanted to police for terrorist activities in Charsadda in 2009. Meanwhile, two extortionists were also arrested during a raid in Hashtnagr

Published 27 May, 2017 12:00am

Police resort to baton charge on farmers' rally

The city police on Friday resorted to baton charge and tear gas shelling on activists of Pakistan Kissan Ittehad (PKI) who were demanding subsidies on electricity and fertilisers in the budget 2017-18. A large number of farmers from different parts of Pun

Published 27 May, 2017 12:00am

Peaceful Afghanistan in the best interest of Pakistan: Siraj

Ameer, Jamaat-e-Islami, Senator Sirajul Haq has called for revisiting the foreign policy to bring improvement in relations with Afghanistan and other neighbouring countries. "Peaceful and prosperous Afghanistan is in best interest of Pakistan as well as e

Published 27 May, 2017 12:00am

Exchange

SECP announces winners of Inter-University Mock Trading competition

As part of the Jamapunji Investor Education Campaign, the SECP organized a three-week long Inter-University Mock Trading competition for the finance and management students of universities in Rawalpindi and Islamabad. The winners of the competition are Um

Published 27 May, 2017 12:00am

Unscheduled load-shedding Nepra issues notice to KE

National Electric Power Regulatory Authority (NEPRA) has taken a serious notice on un-scheduled loadshedding which has been carried out in various areas of K-Electric during the last three days. In this regard, CEO (K-Electric) has been directed to immedi

Published 27 May, 2017 12:00am

Farmers' bashing: Bilawal lashes out at Sharifs

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari on Friday condemned the crackdown on peasants and farmers in Islamabad and termed it as a dictatorial action by Nawaz Sharif government. Announcing his support for the protest and demands of far

Published 27 May, 2017 12:00am

Rs 1.817 billion allocated for Supreme Court

The government has allocated Rs 1.817 billion approximately for the Supreme Court of Pakistan in the federal budget 2017-18 against the outgoing fiscal year's revised estimate of Rs 1.704 billion, showing an increase of over Rs 113 million.

Published 27 May, 2017 12:00am

Rs 1.817 billion allocated for Supreme Court

Published 27 May, 2017 12:00am

Pakistan participates in UN Bazaar in New York

A range of Pakistani products, both food and merchandise, were on "display and for sale" at the annual United Nations International Bazaar held at the rain-swept UN Headquarters in New York. Despite wet and dreary weather, a number of people visited the b

Published 27 May, 2017 12:00am

Federal Budget: Rs 837.823 billion foreign aid proposed for fiscal year 2018

The government has estimated foreign assistance of Rs 837.823 billion for 2017-18 against Rs 819.6 billion budgeted for the FY17 but it was later revised upward to Rs 996.287 billion- the rise attributable to loans from commercial banks and China. The ext

Published 27 May, 2017 12:00am

Rs 90.516 billion allocated for education and services

The government has earmarked Rs 90.516 billion for education affairs and services in the federal budget for 2017-18 against the revised allocation of Rs 84.707 billion for the current fiscal year, showing an increase of around 6 percent.

Published 27 May, 2017 12:00am

Rs 1.61 billion earmarked for food ministry

The government has allocated Rs 1,614.266 million for Ministry of National Food Security and Research (MNFS&R) in the annual budget for the fiscal year 2017-18 under Public Sector Development Programme (PSDP), compared to Rs 1520.520 million in the fiscal

Published 27 May, 2017 12:00am

Productive sectors Budget shows disconnection between policymaking & realities: IPR report

Finance Minister's budget speech was a mix of claims of economic success and promises of further growth. However, it was presented in the shadow of protest by the farmers. According to the report issued by Institute of Policy Reforms (IPR) on Budget 2017-

Published 27 May, 2017 12:00am

PPP Punjab rejects federal budget

Pakistan Peoples Party (PPP) Punjab has rejected the federal budget terming it anti-people, anti-industry and anti-Pakistan. Top provincial party leadership feared an increase in inflation in the wake of federal budget 2017-18. They said the new budget wo

Published 27 May, 2017 12:00am

PCSW launches transitional home for violence victims

In order to support economic and social empowerment of women, Punjab Commission on the Status of Women (PCSW) launched the Transitional Home for women victims of violence, at Dar-ul-Falah, Social Welfare Complex, Township, Lahore, on Friday.

Published 27 May, 2017 12:00am

Business community terms budget a 'bundle of numerology'

Local business community have expressed its dissatisfaction over the federal budget for 2017-18 and termed a bundle of numerology. Expressing their comments over the budget they said that Sialkot which is hub of cottage industry and only export oriented c

Published 27 May, 2017 12:00am

IPPs at risk of shutdown for non-payment of bills

The Independent Power Producers have given a veiled threat to the government saying that many IPPs are at the risk of shutting down due to non-payments of their bills (circular debt) despite their strong and earnest desire to keep operating to help the go

Published 27 May, 2017 12:00am

Mercury crosses 51°C

The blistering heat has engulfed country as mercury crossed 51 degree Celsius at Jacobabad, Sibi; Dadu, Larkana, Turbat 50°C; Noor Pur, Thal, Bhakkar, Sukkur, Moen-jo-daro, Sakrand 49 C; R Y Khan 48°C; Lahore, Faisalabad, Multan, D G Khan, D I Khan, Bahaw

Published 27 May, 2017 12:00am

LCCI terms budget an agenda for economic revival

The Lahore Chamber of Commerce and Industry has termed the federal budget 2017-18 as an agenda for economic revival to resolve energy crisis, promote investment and boost agriculture sector. LCCI president Abdul Basit, soon after the budget speech, addres

Published 27 May, 2017 12:00am

DCs urged to improve dengue surveillance mechanism

Chief Secretary Punjab Capt Zahid Saeed (retd) has directed Deputy Commissioners to improve mechanism for dengue surveillance and reporting, saying that surveillance teams should focus on quality of work. While addressing a meeting regarding dengue contro

Published 27 May, 2017 12:00am

Indian BSF arrests Pakistani man

One Pakistani youngster crossed zero line at the Wagha border from Pakistani side to India on Friday. The Indian Border Security Force arrested him immediately. Sources said 20-years-old Pakistani youngster from Swat crossed zero line when spectators were

Published 27 May, 2017 12:00am

Mixed response over budget 2017-18

Reacting to budget 2016-17, business leaders and experts have expressed mixed reaction, saying more steps are required to ensure revival of industrial growth and give boost to dwindling exports. Senior leader of ruling Pakistan Muslim League-Nawaz Mohamma

Published 27 May, 2017 12:00am

PPDWP approves 10 uplift schemes worth Rs 29.322 billion

The Punjab Provincial Development Working Party approved 10 development schemes of various sectors with an estimated cost of Rs 29.322 billion. These schemes were approved in the 72nd meeting of Provincial Development Working Party (PDWP) of current fisca

Published 27 May, 2017 12:00am

Transfer of loads of cement and coal: Cherat Cement offers agreement to Railways

Cherat Cement Company has offered an agreement to Pakistan Railways for the transfer of loads of cement and coal. The Company has offered an agreement to Pakistan Railways for transfer of loads of cement and coal, said a spokesman of the Railways here on

Published 27 May, 2017 12:00am

Shahbaz vows to make Pakistan a great country

Chief Minister Punjab Muhammad Shehbaz Sharif has vowed to make Pakistan a great country with the strength of unity. He was talking to a delegation of overseas Pakistanis living in the Europe who called on him on Friday. Shahbaz said that Pakistanis livin

Published 27 May, 2017 12:00am

Industrial sector: no incentive announced in budget: HCCI

Vice President Hyderabad Chamber of Commerce and Industry(HCCI) Ziauddin has expressed disappointment over the Budget 2017-2018 adding that it provides no incentive to industrial sector of the country which could further deteriorate the exports particular

Published 27 May, 2017 12:00am

EFP VP criticises bank holiday for Zakat deduction

The decades old tradition of banks taking a Zakat holiday on the eve of Ramadan to deduct Zakat from Savings accounts should now be discontinued because financial institutions all over Pakistan have installed the latest, high speed technology. Banks as we

Published 27 May, 2017 12:00am

EFP VP criticises bank holiday for Zakat deduction

Published 27 May, 2017 12:00am

Bilawal inaugurates SMIU's senate hall

Chairman of the Pakistan Peoples Party (PPP), Bilawal Bhutto Zardari, during his visit to the Sindh Madressatul Islam University (SMIU) here on Friday inaugurated the Senate Hall of the institution. He also presided over a meeting of vice chancellors of v

Published 27 May, 2017 12:00am

Pharma industry hails budget

The pharmaceutical industry has welcomed reduction of customs duty on pre-fabricated modular clean rooms panels from 20 percent to 3 percent in the 2017-18 federal budget. Talking to Business Recorder, the chairman of the Pakistan Pharmaceutical Manufactu

Published 27 May, 2017 12:00am

SPLA ends boycott of exams: minister

Sindh Education Minister Jam Mehtab Hussain Dahar on Friday said the Sindh Professors and Lecturers Association (SPLA) has ended its boycott of inter exams. He was speaking to the media while visiting an examination centre. Earlier in the day, students we

Published 27 May, 2017 12:00am

SHC dismisses plea to verify Dr Asim's documents

Sindh High Court (SHC) on Friday dismissed plea to verify Dr Asim Hussain's documents from foreign ministry. During the hearing, the judge remarked that Dr Asim was no more in the custody of National Accountability Bureau (NAB) and had been released on ba

Published 27 May, 2017 12:00am

Small traders describe budget as 'unattractive'

Small traders on Friday termed the proposed fiscal budget 2017-18 as 'unattractive' because the "budget mainly focuses on aiding financial interests of the elites." They said that the budget propositions are of an average size to cater to the needs of sma

Published 27 May, 2017 12:00am

Exchange

PSX, GBCCI sign MoU for mutual cooperation

Pakistan Stock Exchange (PSX) has signed a Memorandum of Understanding (MoU) with Gilgit Baltistan Chamber of Commerce and Industry (GBCCI) for mutual cooperation and collaboration to facilitate access to equity financing for Small and Medium Enterprises

Published 27 May, 2017 12:00am

Exchange

PSX, GBCCI sign MoU for mutual cooperation

Published 27 May, 2017 12:00am

Exchange

SECP, SBP ink LoU to set up Council of Regulators

The State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP) on Friday signed a letter of Understanding (LoU) to establish a Council of Regulators to mitigate systemic risk. Riaz Riazuddin, Acting Governor, SBP, and Zafar

Published 27 May, 2017 12:00am

Exchange

Gun battle leaves five dead in Garhi Dewan

Five people lost their lives, including two children that succumbed to their injuries on Friday, as a result of bullet injuries sustained during a heavy exchange of fire between two groups over the petty issue of children's fight in Garhi Dewan village ne

Published 27 May, 2017 12:00am

Mutual Funds

SALIENT FEATURES

CUSTOMS SALIENT FEATURE

Published 27 May, 2017 12:00am

Mutual Funds

SALIENT FEATURES

CUSTOMS SALIENT FEATURE

Published 27 May, 2017 12:00am

Mutual Funds

SALIENT FEATURES

CUSTOMS SALIENT FEATURE

Published 27 May, 2017 12:00am

NOTES ON CLAUSES FINANCE BILL, 2017

CUSTOMS ACT, 1969 (IV OF 1969)

Published 27 May, 2017 12:00am

NOTES ON CLAUSES FINANCE BILL, 2017

CUSTOMS ACT, 1969 (IV OF 1969)

Published 27 May, 2017 12:00am

NOTES ON CLAUSES FINANCE BILL, 2017

CUSTOMS ACT, 1969 (IV OF 1969)

Published 27 May, 2017 12:00am

Cotton

FINANCE BILL 2017

A BILL to give effect to the financial proposals of the Federal Government for the year beginning on the first day of July, 2017, and to amend certain laws

Published 27 May, 2017 12:00am

Cotton

FINANCE BILL 2017

A BILL to give effect to the financial proposals of the Federal Government for the year beginning on the first day of July, 2017, and to amend certain laws

Published 27 May, 2017 12:00am

Entangled bottle-nosed dolphin released back into sea

Fishermen successfully freed a three meter long bottlenose dolphin which had entangled in their nets near Malan, Balochistan, on May 24, the WWF-Pakistan said on Friday. According to fisherman, Hasnat Khan, a large sized dolphin, locally called tushuk, be

Published 27 May, 2017 12:00am

'CreditFix' wins Karandaaz Pakistan FinTech Disrupt Challenge 2017

Pakistan's top agency for promotion of financial inclusion, Karandaaz Pakistan announced 'CreditFix' the winner of its Fintech Disrupt Challenge 2017 after a close competition between extraordinary startups at the Institute of Business Administration (IBA

Published 27 May, 2017 12:00am

'Technology Evolution & Roadmap to 5G'

The Pakistan Telecommunication Authority (PTA) and Ministry of IT (MoIT), IT and Telecom Division in collaboration with Qualcomm Pakistan organized a one day workshop on Technology Evolution & Roadmap to 5G at a Local Hotel in Islamabad. Senior Officers f

Published 27 May, 2017 12:00am

Dewan Motors bags BMW Group Award

Dewan Motors Private Limited, the official importer of BMW in Pakistan has been awarded "Excellence in Direct & Special Sales" in the Middle East for the year 2016. "It is yet another milestone in the illustrious history of Dewan Motors" said Dewan Muhamm

Published 27 May, 2017 12:00am

PTCL signs fibre leasing accord with Telenor Pakistan

Pakistan Telecommunication Company Limited (PTCL) and Telenor Pakistan (TP) for the second consecutive year have entered into a fibre back-haul and infrastructure sharing agreement, under which PTCL will deliver 950+ kilometers of fibre footprint to Telen

Published 27 May, 2017 12:00am

Erdogan says 'arena' to be removed from stadia names

President Recep Tayyip Erdogan on Friday ordered the removal of the word 'arena' from sports stadia in Turkey because of its historical meaning, claiming it was a term foreign to the Turkish language. "I am against 'arena'. Of course you know what they us

Published 27 May, 2017 12:00am

US fears nuclear arms race in Asia-Pacific, says Australian minister

Senior Trump administration officials fear a nuclear arms race in Asia-Pacific if an increasingly belligerent North Korea is not reined in, Australia's foreign minister said Friday after talks in New York. Pyongyang has launched a series of missiles this

Published 27 May, 2017 12:00am

Italy's 'Queen of Cashmere' dies

Italian fashion designer Laura Biagiotti, who pioneered the marketing of cashmere products in places such as China and the former Soviet Union, has died aged 73, her company said Friday. The veteran designer suffered brain damage following a heart attack

Published 27 May, 2017 12:00am

Venezuela military defends protests role, backs Maduro congress

Decried by protesters as "murderers" defending a dictator, Venezuela's military insisted on Thursday it was not taking sides in the national political turmoil, though it did back socialist President Nicolas Maduro's controversial plan for a new congress.

Published 27 May, 2017 12:00am

'Large part' of Manchester attack network held in Britain

Britain has arrested a "large part" of the network behind Manchester's suicide bomb attack, police said Friday, while the government came under fire for cutting police budgets as election campaigning resumed. Eight suspects are currently in detention on U

Published 27 May, 2017 12:00am

Trump son-in-law Kushner a focus in Russia probe: US media

The activities of President Donald Trump's son-in-law and senior aide Jared Kushner have come under FBI scrutiny as part of the probe of Russian interference in last year's presidential election, US media reported Thursday. Although it is unclear whether

Published 27 May, 2017 12:00am

Haiti police will keep the peace when UN force leaves: president

Haiti's expanded national police force of 15,000 will be able to maintain security after the United Nations withdraws more than 2,300 peacekeeping troops following 13 years in the Caribbean nation, its president said. Last month, the United Nations Securi

Published 27 May, 2017 12:00am

Ethiopian journalist jailed for talking to dissident

Ethiopian journalist Getachew Shiferaw was sentenced to 18 months in prison Friday for speaking to a dissident, capping a case that rights groups have called an assault on press freedom. Getachew has been in jail since his arrest in December 2015, meaning

Published 27 May, 2017 12:00am

Philippine military flags martial law censorship

The Philippine military said Friday it would censor the press and social media to protect "national security" across the southern third of the country that is under martial law, and warned violators would be arrested. President Rodrigo Duterte declared ma

Published 27 May, 2017 12:00am

Gold climbs in Europe

Gold hit its highest in nearly four weeks on Friday as political uncertainty led investors to shun riskier assets in favour of bullion. "We have had the political noise coming from Trump and the US administration and there is a certain element of uncertai

Published 27 May, 2017 12:00am

Gold rises in Asia

Gold hit a more than one-week high on Friday, as the dollar retreated and Asian stocks slipped with investors shying away from riskier assets following a tumble in oil prices. Spot gold was up 0.6 percent at $1,262.89 per ounce by 0832 GMT after touching

Published 27 May, 2017 12:00am

Gold eases in NY

Gold eased on Thursday as the dollar came off its lows and world stock markets scaled fresh highs, giving back some gains from the prior session when US Federal Reserve minutes suggested it could be more cautious with interest rate increases. Fed policyma

Published 27 May, 2017 12:00am

Karachi Chronicle: Bank heists

Within a week there were two bank robberies. On Wednesday 10 May 7.2 million was taken at gunpoint from Soneri Bank branch near do-minute Chowk in the jurisdiction of Khwaja Ajmer Nagri police station, around 10 O'clock the morning. A few days later, the

Published 27 May, 2017 12:00am

Celebrate healthy Ramazan

This year Ramazan is taking place during the long days of summer. The long hours of fasting requires extra preparation of healthy meal plan for sehri and iftar to remain well throughout the holy month.

Published 27 May, 2017 12:00am

Art Facts: Pay attention

A group exhibition of young artists titled "Unwritten Thoughts" disclosed the imaginations and expectations of our youth at Artchowk Gallery, Karachi. As the title explained that the unregistered and unrecorded ideas and reflections of our young minds wer

Published 27 May, 2017 12:00am

Synchronizing cultures and people

The people and cultures of Pakistan and Turkey meet at solo photography exhibition of Erkut Onart titled "Turkey and Pakistan - two nations bonded by faith, culture and brotherhood" at Alliance Française de Karachi. Karachiites took the opportunity to dis

Published 27 May, 2017 12:00am

Singer Tony Bennett's career, paintings on show in New York

Legendary singer Tony Bennett may have left his heart in San Francisco, but the native New Yorker was in his hometown celebrating his long, prolific career as a singer and a painter.

Published 27 May, 2017 12:00am

Syrian refugee kids in Lebanon act, direct, 'escape'

"Three, two, one, action!" shouts Syrian refugee Mostafa Abdallah, 11, energetically directing his fellow child actors in a musical being filmed in a Palestinian camp in the Lebanese capital.

Published 27 May, 2017 12:00am

Exchange

Mozart junior: curse of the 'missing spark'

Having famous parents can be a mixed blessing, but Austrian musician Franz Xaver Mozart had it tougher than most.

Published 27 May, 2017 12:00am

Fashion's feather master tickles up a storm

Serkan Cura was first tickled by the possibility of feathers when he was just 13. "I found a bird of paradise feather in a street market in Brussels," he said. "It was love at first sight." The thrill has never quite left him.

Published 27 May, 2017 12:00am

Indonesian 'Rainbow Village'

A slum area on Indonesia's Java Island has become an unlikely tourist attraction, as well as a social media hit, after its homes were painted vivid colours to transform the district into what is now being called "Kampung Pelangi" ("Rainbow Village").

Published 27 May, 2017 12:00am

'RIP Mr Bond': 007 actor Roger Moore dead at 89

Actor Roger Moore, who earned international fame playing British secret agent James Bond in seven movies, died of cancer on Tuesday at the age of 89, his family said.

Published 27 May, 2017 12:00am

Cannes queen Kidman steers career 'like I'm 21'

Nicole Kidman said Monday that she still tackles roles like a 21-year-old after the premiere of her shocking new horror movie at the Cannes film festival.

Published 27 May, 2017 12:00am

Asian forex: Yuan at over three month high, ringgit jumps

China's yuan rose to a three-month high on Friday, and the Malaysian ringgit firmed to its strongest in nearly two years after OPEC and other oil producers agreed to keep output reduced for a further nine months, but most Asian currencies were directionle

Published 27 May, 2017 12:00am

Mutual Funds

Over-optimism surrounds election-year budget

The federal government of Pakistan Muslim League (Nawaz) on Friday unveiled a Rs 4,753 billion deficit budget for the next fiscal year (2017-18), envisaging a huge spending in election year as well as an increase in pay and pension of military and civil g

Published 27 May, 2017 12:00am

Australian stocks dive

Australia stocks ended lower on Friday, battered by a downturn in commodity prices - especially oil - after OPEC's modest extension of output curbs disappointed investors who had hoped for more. The S&P/ASX 200 index slipped 37.9 points or 0.66 percent to

Published 27 May, 2017 12:00am

Southeast Asian stocks flat to lower

Southeast Asian shares ended flat to lower on Friday tracking weakness in Asian peers after an OPEC-led decision to extend output cut fell short of expectations, triggering a sell-off in energy stocks. At Thursday's meeting in Vienna, the Organization of

Published 27 May, 2017 12:00am

FTSE gets sterling boost as Europe dragged lower by banks

European shares slipped on Friday, dragged down by weaker banks, but British stocks managed to hit new records as sterling slid on a poll showing a narrower lead for the ruling party less than two weeks before a general election. Sterling dived more than

Published 27 May, 2017 12:00am

Pounds slips, commodity currencies shaky in Asia

Sterling fell on Friday after a poll showed a narrowing lead for British Prime Minister Theresa May over her opposition ahead of elections next month, while weakness in oil prices dragged on commodity-linked currencies. In a sign that the June 8 election

Published 27 May, 2017 12:00am

Yen rises, sterling falters in Europe

The yen rose nearly 1 percent on Friday against the dollar after a dip in Treasury yields hit the US currency, while Britain's pound hit a three-week low after a poll showed a narrowing lead for the ruling Conservatives before elections next month. The do

Published 27 May, 2017 12:00am

Early trade in New York: Dollar rises to one-week high

The dollar rose to a one-week high on Friday after upbeat US gross domestic product data while Britain's pound slipped after a poll showed a narrowing lead for the ruling Conservatives before elections next month. The dollar index, which tracks the greenb

Published 27 May, 2017 12:00am

Dollar steadies against basket of currencies in NY

The dollar steadied against a basket of major currencies on Thursday, a day after Federal Reserve minutes that dialed down some expectations of the central bank hiking interest rates soon. The dollar index, which tracks the greenback against six major riv

Published 27 May, 2017 12:00am

Canadian dollar rises

The Canadian dollar edged higher against its US counterpart on Friday as prices of oil, one of Canada's major exports, stabilized after a sharp drop the day before. US crude prices were up 0.22 percent at $49.01 a barrel. Gains for the loonie came even as

Published 27 May, 2017 12:00am

Sri Lankan rupee up

The Sri Lankan rupee ended slightly higher on Friday as dollar selling by banks surpassed importer demand for the US currency, traders said. Rupee forwards were active, with spot-next forwards ending at 152.85/95 per dollar, compared with Thursday's close

Published 27 May, 2017 12:00am

Maybank posts 19 percent profit rise on loans growth

Malaysia's largest lender by assets Maybank posted a better-than-expected 19 percent jump in first-quarter net profit as it made more loans in Southeast Asia and as a restructuring of troubled loans last year helped cut its impairment losses. Malaysian ba

Published 27 May, 2017 12:00am

Exchange

Kenya Airways says recovery on course as losses reduce

Kenya Airways Ltd reported a reduction in pretax losses and a return to profit at the operating level on Thursday, after carrying a record number of passengers in the past year, and said it expected a financial restructuring would be completed shortly. Th

Published 27 May, 2017 12:00am

Italy rules out 'bail in' for investors in Veneto banks rescue

Italy's economy minister sought to reassure investors on Thursday that they will not be hit in a rescue of two ailing regional banks, Popolare di Vicenza and Veneto Banca, after fears of a full "bail-in" hit the lenders' debt. Italy has been seeking Europ

Published 27 May, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 13	280.10
USD PKR Interbank Buying / Mar 13	279.90
USD to Japanese Yen / Mar 13	147.65
USD to Swiss Franc / Mar 13	0.88
Pound Sterling to USD / Mar 13	1.30
Euro to USD / Mar 13	1.09
UK LIBOR % / Mar 12	4.96

Stock	Volume
S&P 500 / Mar 12	5,599.30
Nasdaq / Mar 12	17,648.45
Dow Jones / Mar 12	41,350.93
India Sensex / Mar 13	74,005.79
Tokyo Nikkei / Mar 13	36,818.22
Hang Seng / Mar 13	23,370.71
FTSE 100 / Mar 13	8,565.03
Germany DAX 30 / Mar 13	22,548.38
France CAC40 / Mar 13	7,975.85

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 12	17,585
Petrol/Litre / Mar 13	255.63
Crude Oil USD/Barrel / Mar 13	67.48
Gold 10 Grams PKR / Mar 13	265,174
Gold Spot USD/Ounce / Mar 13	2,937.79
Diesel/Litre / Mar 13	258.64
Cotton US¢/pound / Mar 13	66.78

Gainers
Losers
Leaders

Stock	Price
F.Credit & Inv / Mar 13 First Credit and Investment Bank Limited(FCIBL)	8.23 ▲ 0.88 (11.97%)
Universal Ins. / Mar 13 The Universal Insurance Company Limited(UVIC)	8.80 ▲ 0.89 (11.25%)
Power Cem(Pref) / Mar 13 Power Cement (Pref)(POWERPS)	14.81 ▲ 1.35 (10.03%)
Idrees Tex. / Mar 13 Idrees Textile Mills Limited(IDRT)	23.73 ▲ 2.16 (10.01%)
At-Tahur Ltd. / Mar 13 At-Tahur Limited(PREMA)	42.80 ▲ 3.89 (10%)
Oilboy Energy / Mar 13 Oilboy Energy Limited(OBOY)	11 ▲ 1 (10%)
PIA Holding Co.B / Mar 13 PIA Holding Company Limited B(PIAHCLB)	950 ▲ 85.75 (9.92%)
Khairpur Sug. / Mar 13 Khairpur Sugar Mills Limited(KPUS)	124 ▲ 10.43 (9.18%)
Baba Farid Sugar / Mar 13 Baba Farid Sugar Mills Limited(BAFS)	58 ▲ 4.87 (9.17%)
Jauharabad Sug / Mar 13 Jauharabad Sugar Mills Limited(JSML)	40 ▲ 3.35 (9.14%)

Stock	Price
Tariq Corporation / Mar 13 Tariq Corporation Limited(TCORP)	14.18 ▼ -1.58 (-10.03%)
Khalid Siraj / Mar 13 Khalid Siraj Textile Mills Limited(KSTM)	8.34 ▼ -0.81 (-8.85%)
Gulistan Sp. / Mar 13 Gulistan Spinning Mills Limited(GUSM)	8.25 ▼ -0.74 (-8.23%)
First Imrooz Mod. / Mar 13 First Imrooz Modaraba(FIMM)	175 ▼ -14 (-7.41%)
Jubilee Gen. Ins. / Mar 13 Jubilee General Insurance Limited(JGICL)	55.55 ▼ -4.37 (-7.29%)
Suhail Jute / Mar 13 Suhail Jute Mills Limited(SUHJ)	89 ▼ -6.62 (-6.92%)
786 Invest Ltd / Mar 13 786 Investments Limited(786)	8.64 ▼ -0.64 (-6.9%)
Suraj Cotton / Mar 13 Suraj Cotton Mills Limited(SURC)	113.01 ▼ -7.97 (-6.59%)
Elahi Cot. / Mar 13 Elahi Cotton Mills Limited(ELCM)	113.56 ▼ -7.6 (-6.27%)
Masood Textile / Mar 13 Masood Textile Mills Limited(MSOT)	52.20 ▼ -3.35 (-6.03%)

Stock	Volume
B.O.Punjab / Mar 13 The Bank of Punjab(BOP)	48,481,376 ▲ 0.45
Barkat Frisian Agro / Mar 13 Barkat Frisian Agro Limited(BFAGRO)	24,629,834 ▲ 1.6
Fauji Cement / Mar 13 Fauji Cement Company Limited(FCCL)	19,347,646 ▲ 1.13
Sui South Gas / Mar 13 Sui Southern Gas Company Limited(SSGC)	18,257,617 ▲ 0.6
Maple Leaf Cement / Mar 13 Maple Leaf Cement Factory Limited(MLCF)	16,007,990 ▲ 1.48
At-Tahur Ltd. / Mar 13 At-Tahur Limited(PREMA)	14,884,025 ▲ 3.89
Cnergyico PK / Mar 13 Cnergyico PK Limited(CNERGY)	13,765,716 ▲ 0.12
Symmetry Group / Mar 13 Symmetry Group Limited(SYM)	12,445,702 ▼ -0.23
D.G.K.Cement / Mar 13 D.G. Khan Cement Company Limited(DGKC)	12,173,048 ▲ 6.86
Silk Bank Ltd / Mar 13 Silkbank Limited(SILK)	11,057,559 ▲ 0.01

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