News Archives for Print - 2017-08-30

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Print - 2017-08-30

Vegetable Oil

Rotterdam vegetable oil prices

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

Published 30 Aug, 2017 12:00am

'Country's population may increase in final census report'

Prime Minister's Spokesperson Dr Musaddaq Malik on Tuesday said that the report of 2017 census is a primarily report which is a compilation of summaries from provincial and district levels. While talking to the media, Musaddaq Malik said that the census w

Published 30 Aug, 2017 12:00am

The Weather

The weather report on Tuesday (August 29, 2017) and the forecast for Wednesday (August 30, 2017).

Published 30 Aug, 2017 12:00am

Nawaz to leave for London today

Former prime minister Nawaz Sharif will leave for London on Wednesday (today) to see her ailing wife Kulsoom Nawaz. Nawaz's daughter Maryam Nawaz said this while talking to the media after visiting 'Data Darbar' before formally starting election campaign

Published 30 Aug, 2017 12:00am

Political stability must for country's progress: Ahsan

Interior Minister Ahsan Iqbal on Tuesday said that no country in the world can progress without political stability and, therefore, peoples of Pakistan need to ensure it like other developed nations. Speaking at China-Pakistan Economic Corridor (CPEC) con

Published 30 Aug, 2017 12:00am

PTI seeks termination of Gulalai's NA membership

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan Tuesday wrote a letter to Speaker National Assembly, seeking termination of estranged party MNA Ayesha Gulalai's Parliament membership. In the letter written to NA Speaker Sardar Ayaz Sadiq, he requested

Published 30 Aug, 2017 12:00am

PM agrees to implement 'Digital Pakistan Agenda'

Prime Minister Shahid Khaqan Abbasi has agreed in principle to implement Digital Pakistan Agenda, which has not been implemented so far due to paucity of funds and non-seriousness at the top level, official sources revealed to Business Recorder. Th

Published 30 Aug, 2017 12:00am

WHT statement: FBR extends deadline till August 31

The Federal Board of Revenue (FBR) has extended the date of filing of annual withholding tax statement in respect of deduction on salaries up to August 31, 2017. According to an income tax circular 2 of 2017 issued here on Tuesday, in exercise of powers c

Published 30 Aug, 2017 12:00am

JS Bank, Zameen.com sign MoU to offer mortgage finance

Pakistan's largest property portal zameen.com has signed MoU with JS Bank Limited to offer Zameen.com customers mortgage finance facility. This partnership would enable Zameen.com and JS Bank customers to buy, build or renovate properties across Pakistan

Published 30 Aug, 2017 12:00am

'ECP busy in ensuring 85 percent turnout in 2018 elections'

Election Commission of Pakistan (ECP) is making arrangements and doing all out efforts to ensure transparent conduct of 2018 general elections with 85 percent turnout. For this purpose, the ECP has already constituted and mobilized voters' education commi

Published 30 Aug, 2017 12:00am

SBP to review working of banks' overseas branches

State Bank governor Tariq Bajwa said on Tuesday that the bank will review the efficiency and working of overseas branches of Pakistani banks to ensure implementation of regulatory compliance. Speaking at a meeting with businessmen at the Karachi Chamber o

Published 30 Aug, 2017 12:00am

Basit's allegations against Aizaz: PTI submits adjournment motion in NA

Soon after a letter allegedly written by former Pakistan ambassador to India surfaced on social media, terming a junior colleague as failed diplomat and fearing he might prove himself to be the worst envoy to Washington, Pakistan Tehreek-e-Issaf submitted

Published 30 Aug, 2017 12:00am

Trump's threats: Siraj vows to bring youths on roads for defence of homeland

Chief of Jamaat-e-Islami, Senator Sirajul Haq, has announced bringing forth hundreds of thousands of youth on roads on the Defence Day, September 6, and to seek their pledge for the defence of the homeland against US President Trump's threats. According t

Published 30 Aug, 2017 12:00am

LCCI lauds LDA's efforts

The Lahore Chamber of Commerce & Industry (LCCI) has appreciated the well directed efforts of the Lahore Development Authority (LDA) for saving the industry located in scattered parts of the city. LCCI President Abdul Basit on Tuesday said that shifting o

Published 30 Aug, 2017 12:00am

Nayatel all set to turn Bahria Enclave into Smart City

Nayatel, the pioneer of ultra broadband and HD Cable TV over fiber to the home (FTTH) network in Pakistan, is all set to turn Bahria Enclave Islamabad into a Smart City. In a contract signing ceremony held at Bahria Enclave, Islamabad on Tuesday, Wahaj us

Published 30 Aug, 2017 12:00am

Ufone launches 'Super Internet'

Ufone is devoted to provide customers with products that fulfill their communication needs and a seamless service that ensures they go about their lives without disruptions. Ufone is launching 'Super Internet' package, which is a unique product positioned

Published 30 Aug, 2017 12:00am

Experts, trade bodies review draft of KP Investment Policy

Experts, development partners and chambers of commerce and industries representatives have put forward recommendations to Khyber Pakhtunkhwa government on the proposed investment policy draft of government of Khyber Pakhtunkhwa. The planning and developme

Published 30 Aug, 2017 12:00am

Rains, gusty winds may lash Karachi till Friday

Widespread rain-thunderstorm and gusty winds are likely to lash Karachi with heavy downpour until Friday. The Met Office has forecast the fresh rainy weather system may grip Mirpurkhas and Hyderabad Divisions from today (Wednesday) to Friday. It alerted t

Published 30 Aug, 2017 12:00am

Government urged to announce new trade policy

President of Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has urged the government to announce new trade policy after consultation with the private sector. The current and former trade policies only wasted time and money of the

Published 30 Aug, 2017 12:00am

Mutual Funds

IFMP trains around 800 students, professionals

Around 800 students and finance professionals in Karachi, Islamabad and Lahore have received nationally recognized certificates, offered by IFMP, a registered certification body by the Securities and Exchanges Commission of Pakistan, from a series of trai

Published 30 Aug, 2017 12:00am

Apparel industry irked over ignoring small traders: PM's meeting with businessmen

Chairman Pakistan Apparel Forum and Chief Coordinator Pakistan Hosiery Manufacturers & Exporters Association Muhammad Jawed Bilwani expressed reservations over Prime Minister's meetings with some known big industrialists and businessmen only and ignoring

Published 30 Aug, 2017 12:00am

British Council delegation visits Sindh University

British Council delegation led by Manager Overseas Security Katey Hewitson visited Institute of Art and Design, University of Sindh, Jamshoro. Prior to the campus visit, Hewitson called in courtesy on SU Registrar Professor Dr Muhammad Saleem Chandio at V

Published 30 Aug, 2017 12:00am

Huge quantity of smuggled cellphones seized

Directorate Intelligence and Investigation (DGI&I)-FBR, Quetta on Tuesday claimed to have seized huge quantity of smuggled cell phones worth Rs 20.9 million. According to official sources, the action was taken on a tip-off, which revealed that some unscru

Published 30 Aug, 2017 12:00am

PIA offers Eid discount on domestic flights

PIA is offering 25 percent special discounted fares on domestic routes on Eid Holidays. Passengers can now avail special Eid discount, booking effective from 30 August 2017. The 25 percent discount will be offered on flights to/from Karachi, Lahore, Islam

Published 30 Aug, 2017 12:00am

SIUT pays tributes to Ather Hussain

Staff and faculty members of Sindh Institute of Urology & Transplantation (SIUT) paid glowing tribute to their colleague Athar Hussain in a specially held memorial meeting here on Tuesday. Athar Husain, a leading dialysis technician in the country and in-

Published 30 Aug, 2017 12:00am

Two killed, five hurt in road mishaps

At least two people killed and five others were injured in separate road accidents in Sindh province on Tuesday. Police said that an over speeding truck after it got out of control of driver rammed into a school building at Ghanta Ghar Chari in Sukkur.

Published 30 Aug, 2017 12:00am

Sindh Government urged to speedily implement Senior Citizens Act

Speakers at a workshop on Tuesday urged the Sindh Government to speedily implement the Senior Citizen Act so that the aged people would be able to lead a respectful and dignified life. "Senior citizens in Pakistan live vulnerable lives due to their exclus

Published 30 Aug, 2017 12:00am

December till April: Indonesia allows export of Pakistani Kinnow

As a result of prolonged discussions at highest level and in an effort to increase Pakistan's exports, Indonesia has agreed to allow export of Pakistani Kinnow starting from December till April. Previously, it was allowed for only January - April. Indones

Published 30 Aug, 2017 12:00am

Facilities offered to KPT pensioners reviewed

The Advisor to Federal Ombudsman, Hafiz Ehsan Khan, visited the state of the art online Pension Cell of Karachi Port Trust. His visit was in pursuance to the instructions given out to Federal Government Department to facilitate their pensioners through im

Published 30 Aug, 2017 12:00am

NA lauds services of PTI MNA

The lawmakers in National Assembly on Tuesday paid rich tributes to deceased MNA of Pakistan Tehreek-e-Insaf (PTI) Gulzar Khan by suspending its regular agenda of the day, a regular feature of the Lower House to pay homage to a sitting member. The House a

Published 30 Aug, 2017 12:00am

Government urged to allocate maximum funds for agriculture sector

The National Assembly Standing Committee on National Food Security and Research has recommended the government to allocate maximum funds for agriculture sector. The meeting of the committee was held under the chairmanship of MNA Malik Shakir Bashir Awan.

Published 30 Aug, 2017 12:00am

Water conservancy Swiss envoy interacts with rice growers

Ambassador of Switzerland to Pakistan Marc P. George participated in a training session for rice growers and interacted with the farmers. The capacity building training workshop was organized by Rice Partners Pvt Ltd (RPL) in collaboration with MARS food,

Published 30 Aug, 2017 12:00am

Post-Hajj operation to begin at BKIA from September 6

The post-Hajj operation at Bacha Khan International Airport (BKIA) Peshawar will start in next month from September 6. The authorities have reviewed the arrangements to facilitate the pilgrims during their arrival at the Peshawar airport. The Airport offi

Published 30 Aug, 2017 12:00am

GE to install advanced wind turbines in Jhimpir

GE recently signed an agreement with Tricon Boston Consulting Private Limited (TBCPL), a Special Purpose Vehicle (SPV) set up by Sapphire Textile Mills Limited, for the provision and installation of the largest 150 MW wind project in Jhimpir.

Published 30 Aug, 2017 12:00am

Special task force to curb terror financing, NA body told

The National Counter Terrorism Authority has set up special task force at the NACTA headquarters and Chocking Financing for Terrorism (CFT) units in provincial Counter Terrorism Departments (CTDs) in order to curb terror financing in the country.

Published 30 Aug, 2017 12:00am

Khattak okays hybrid vehicle technology

Chief Minister Khyber Pakhtunkhwa Pervez Khattak Tuesday Okayed hybrid vehicle technology for the Bus Rapid Transit Peshawar and directed to launch advertising soon after the Eid-ul-Azha. The hybrid vehicular technology would be environmental friendly wit

Published 30 Aug, 2017 12:00am

Peshawar's dengue-hit areas declared 'Red Zones'

As the number of dengue cases reaches to over 3,000 in Khyber Pakhtunkhwa, the affected areas of the provincial metropolis Peshawar have been declared as Red Zones. "Peshawar has been divided into three zones: Red Zone is the one where the dengue virus is

Published 30 Aug, 2017 12:00am

Exchange

High-level British delegation visits PBIT

A four member delegation from Department for International Development (DFID) United Kingdom, led by Ministerial Strategy Directorate, Ben Ainsley, visited Punjab Board of Investment and Trade on Tuesday to explore potential investment, trade and business

Published 30 Aug, 2017 12:00am

Punjab cabinet terms Nawaz's tenure a 'golden era'

The Punjab Cabinet, which met here on Tuesday with the Chief Minister Shahbaz Sharif in the chair, paid rich tributes to the services of former prime minister Nawaz Sharif. The meeting through a resolute lauded services of Nawaz Sharif for taking solid me

Published 30 Aug, 2017 12:00am

PPP workers urged to deliver Bilawal's message in NA-120

President PPP Lahore Aziz-ur-Rehman Chan has urged the party workers to spread out and deliver the message of Bilawal to every house in NA-120. He was presiding over a meeting of PPP workers at the election office of Faisal Mir on Tuesday. He said the par

Published 30 Aug, 2017 12:00am

Body reviews complaints about fee hike in schools

The second consecutive meeting of the special committee formed by Chief Minister Shahbaz Sharif to address the complaints regarding unlawful increase in tuition fee and other educational charges by some of the elite schools managed by private sector in th

Published 30 Aug, 2017 12:00am

NA-120 by-poll: Maryam starts Kulsoom's campaign

Maryam Nawaz on Tuesday formally kicked off NA-120 by-election campaign on behalf of her mother Kulsoom Nawaz, who is under treatment abroad after being diagnosed with cancer. She started the campaign by visiting 'Data Darbar'. She laid floral wreath on t

Published 30 Aug, 2017 12:00am

Sheikh highlights FCCI's achievements

The present tenure of FCCI (Faisalabad Chamber of Commerce & Industry) office-bearers and executive committee members have added a new history as unprecedented achievements have been made during 2016-17, said Engineer Muhammad Saeed Sheikh President FCCI.

Published 30 Aug, 2017 12:00am

POL levy: LHC seeks replies from government, Ogra

The Lahore High Court on Tuesday sought replies from the federal government, Oil and Gas Regulatory Authority (Ogra) and others by September 22 in a petition challenging the levy of sales tax on petroleum products without an approval of the Cabinet. Earli

Published 30 Aug, 2017 12:00am

POL levy: LHC seeks replies from government, Ogra

Published 30 Aug, 2017 12:00am

UBG felicitates LCCI's candidates elected unopposed

United Business Group (UBG) Chairman, Vice President SAARC Chamber of Commerce and Industry Iftikhar Ali Malik Tuesday felicitated the all unopposed candidates of the Lahore Chamber of Commerce and Industry (LCCI) on seats of Corporate Class.

Published 30 Aug, 2017 12:00am

PFA seals 'Karachi Bakery'

The Punjab Food Authority (PFA) on Tuesday sealed 'Karachi Bakery' situated on Sher Shah Road on the charges of using substandard colours and saccharine. The bakery was also charged for storing saccharine syrup in blue-colour chemical drums and employing

Published 30 Aug, 2017 12:00am

Shahbaz vows to modernise healthcare system

Punjab Chief Minister Shahbaz Sharif has said that positive results of reforms have brought improvement in the healthcare system and vowed that the mission of provision of latest and quality healthcare facilities to the masses will be fulfilled at every c

Published 30 Aug, 2017 12:00am

Fertilizer subsidy not yet paid

The government of Pakistan is still dragging on the issue of fertilizer subsidy claims as billions of rupees in subsidy payments are stuck up due to institutional lethargy. One month has passed since the Ministry of National Food Security & Research (MNFS

Published 30 Aug, 2017 12:00am

Public sector teaching hospitals: progress of development schemes reviewed

Secretary Specialized Healthcare & Medical Education, Najam Ahmad Shah chaired a meeting to review the progress in the ongoing development schemes in public sector teaching hospitals and to evolve a strategy to enhance the treatment facilities for the pat

Published 30 Aug, 2017 12:00am

Rescue 1122 finalizes contingency plan for Eid

Rescue 1122 emergency ambulance, rescue and fire services will remain on high alert during the upcoming Eid-ul-Azha to provide emergency services to the citizens from all 36 districts of Punjab. In this regard, the leaves of the rescuers have been restric

Published 30 Aug, 2017 12:00am

Regional peace: Wang Yi reaffirms Beijing's support to Islamabad

China remains committed to cooperate closely with Pakistan, Afghanistan and other SCO members seeking peace and stability in the region. China's approach to the issue of Afghanistan has been cautious and cooperative, and this is encouraging sign to find o

Published 30 Aug, 2017 12:00am

Speakers seek actions against poachers, wildlife traffickers

'Strong inter-provincial and stakeholder coordination can help strengthen efforts to tackle the increasing scale of illegal wildlife trade in the country and hence the establishment of a wildlife crime monitoring network is of critical importance'. This w

Published 30 Aug, 2017 12:00am

Foreign policy challenges: three-day envoys' moot to begin on September 5

Foreign Office will hold a three-day envoys' conference from September 5-7 to deliberate upon foreign policy challenges facing Pakistan in light of recent developments within the region, especially US President Donald Trump's South Asia and Afghanistan's

Published 30 Aug, 2017 12:00am

Senate body for reassessment of 1 percent census blocks

The Senate Standing Committee on Privatization & Statistics on Tuesday recommended reassessment of one percent of census blocks to build up credibility of the 6th Population & Housing Census 2017. "We will recommend the Council of Common Interests (CCI) t

Published 30 Aug, 2017 12:00am

Exchange

ICCI delegation visits POF

A delegation headed by Senior Vice President Khalid Malik from Islamabad Chamber of Commerce and Industry visited POF on the invitation of Wah Industries Ltd. The delegation visited commercial units of POF including Wah Brass Mill, Material Testing Lab, S

Published 30 Aug, 2017 12:00am

Six terror suspects held, arms recovered: army

Security forces have arrested six terror suspects and seized arms during search operations in two tribal regions, the military said on Tuesday. The army said that the security forces on Tuesday carried out search operations in parts of Mohmand tribal agen

Published 30 Aug, 2017 12:00am

Justice Khosa undergoes angioplasty at PIC

Justice Asif Saeed Khan Khosa on Tuesday underwent angioplasty at Punjab Institute of Cardiology (PIC) after feeling pain in his chest and difficulty in breathing. A team of doctors headed by PIC Chief Executive Officer Professor Nadeem Hayat Malik conduc

Published 30 Aug, 2017 12:00am

Promotions in FBR

The Federal Board of Revenue (FBR) has promoted three BS-19 officers of Inland Revenue Service to BS-20 from June 2, 2015 following the judgment of Supreme Court of Pakistan. According to a notification issued here on Tuesday, in compliance of Judgment of

Published 30 Aug, 2017 12:00am

Lesco's drive against power-theft

The Lahore Electric Supply Company (LESCO) launched a grand operation against people involved in power theft and issued Rs 1.2 million detection bills to the responsible ones. The LESCO sources said the Company launched the operation in the area of Sadar

Published 30 Aug, 2017 12:00am

NBP president undertakes major e-credit facility reforms for farmers

Finance Minister of Punjab Dr Aisha Ghaus Pasha and Muhammad Naeem Akhtar Khan Bhabha, Agriculture Minister Government of Punjab had a meeting with Saeed Ahmad, the President of National Bank of Pakistan to discuss the close cooperation between Government

Published 30 Aug, 2017 12:00am

Surge in diseases attributed to livestock movement and rainfall

Significant movement of livestock to cities during Eid-ul-Azha coupled with persistent rainfall is exposing new areas of the country to dangerous vector-borne diseases like Congo-Crimean hemorrhagic fever (CCHF) and chikungunya. Health researchers and inf

Published 30 Aug, 2017 12:00am

JS Bank partners with Paysys Labs to launch Instascan

JS Bank signed an agreement with Paysys Labs to launch the first ever mobile based biometric solution in Pakistan, Instasca. The signing ceremony between JS Bank &Paysys Labs was attended by Imran Soomro, Chief Information Officer, JS Bank, Khurram Shaikh

Published 30 Aug, 2017 12:00am

BASF unfolds range of solutions for quality poultry feed

BASF presented a broad range of animal nutrition products and solutions to help the poultry industry innovate and produce the best quality feed, at the International Poultry Expo 2017 in Lahore, Pakistan. As the first company to market a phytase for feed

Published 30 Aug, 2017 12:00am

Mutual Funds

Nimir Industrial Chemicals Limited

An oleo chemicals and chlor-alkali manufacturing company, Nimir Industrial Chemicals Limited (NICL) produces stearic acid, soap noodles, glycerin, caustic soda, sodium hypochlorite, and hydrochloric acid.

Published 30 Aug, 2017 12:00am

Mutual Funds

Nimir Industrial Chemicals Limited

Published 30 Aug, 2017 12:00am

NCHD employees: Parliamentary panel for early clearance of arrears

A parliamentary panel Tuesday expressed displeasure over Ministry of Finance for continuous delay in resolving the problems of hundreds of protesting employees of National Commission for Human Development (NCHD) who are demanding the outstanding arrears a

Published 30 Aug, 2017 12:00am

Wajid Zia records statement with NAB Pindi

National Accountability Bureau's (NAB) combined investigation team (CIT) on Tuesday recorded statement of Wajid Zia, head of Joint Investigation Team (JIT) that probed the Panama Papers case against former Prime Minister Muhammad Nawaz Sharif. An official

Published 30 Aug, 2017 12:00am

Basit urges government to remove Aizaz from ambassadorial post

Pakistan's former High Commissioner to New Delhi, Abdul Basit, through an alleged letter, has criticized Pakistan Ambassador to United States Aizaz Ahmad Chaudhry as the "worst foreign secretary ever" and also sought his immediate removal from his current

Published 30 Aug, 2017 12:00am

Number of 3G, 4G users reaches 42.998 million by end-July 2017

Number of 3G and 4G users in Pakistan reached 42.998 million by end-July 2017 against 42.084 million by June 2017, said Pakistan Telecommunication Authority (PTA). The number of mobile phone users in Pakistan reached 139.781 million by end-July 2017 compa

Published 30 Aug, 2017 12:00am

Kyrgyzstan simplifies visa process for tourists, traders

The government of Kyrgyzstan has decided to simplify the visa process for the Pakistani tourists and business travellers by launching the electronic visa process. This was stated by Ambassador of Kyrgyzstan Erik Aidarkanovich Beishembiev in Islamabad duri

Published 30 Aug, 2017 12:00am

Exchange

US MIDDAY: gold at 9-1/2-month peak

Gold jumped to its highest since November on Tuesday, extending the prior day's rally above $1,300 per ounce as investors bought bullion as insurance against falling prices of other assets after North Korea tested a ballistic missile over Japan. US Presid

Published 30 Aug, 2017 12:00am

US MIDDAY: corn hits contract low

Chicago Board of Trade corn and wheat futures again fell to contract lows on Tuesday on technical selling linked to a bumper Russian wheat crop and the approaching US corn harvest, traders and analysts said. Prices for each commodity trimmed earlier losse

Published 30 Aug, 2017 12:00am

Exchange

Gold jumps in Europe

Gold jumped to its highest since November on Tuesday as investors bought bullion as insurance against falling prices of other assets after North Korea tested a missile over Japan. "Funds and traders are filling their boots with gold at the moment and so f

Published 30 Aug, 2017 12:00am

Gold rises in Asia

Gold prices rose for a third straight session on Tuesday to their highest since November as mounting geopolitical tensions over a new North Korean missile launch stoked demand for safe-haven assets and weighed heavily on the dollar and equities. Spot gold

Published 30 Aug, 2017 12:00am

Gold climbs in New York

Gold rallied to a 9-1/2-month high on Monday, breaching $1,300 per ounce as the dollar fell and the euro rose after the head of the European Central Bank (ECB) said that the euro zone's economic recovery had taken hold at a meeting of central bankers. At

Published 30 Aug, 2017 12:00am

Exchange

London cocoa slips, raw sugar weakens

London cocoa futures rose to the highest level in almost three weeks on Tuesday before gains were eroded as a short-covering rally ran out of steam. Prices had risen early to reflect gains in New York cocoa on Monday, when London-based contracts had been

Published 30 Aug, 2017 12:00am

Vegetable Oil

Palm oil down on weaker edible oils

Malaysian palm oil futures fell by nearly 1 percent on Tuesday evening, hitting their lowest in a week under pressure from weakness in related edible oils as traders took profits ahead of a long holiday weekend. The benchmark palm oil contract for Novembe

Published 30 Aug, 2017 12:00am

McDonalds to limit use of antibiotics in chicken supply

McDonalds says it will start globally rolling back use of antibiotics in its chicken products from 2018 as part of efforts to curb microbial resistance to drugs and the rise of superbugs. The decision follows a similar move undertaken in the US market in

Published 30 Aug, 2017 12:00am

Dollar falls to four-month low against yen in Asia

The dollar hit a four-month low against the yen on Tuesday after North Korea fired a missile that passed over northern Japan, the latest act of provocation by Pyongyang that has ramped up global tensions. The dollar was down 0.4 percent at 108.81 yen, hav

Published 30 Aug, 2017 12:00am

FTSE hits 16-week low after North Korea's missile launch

Britain's top share index dropped to a 16-week low on Tuesday as investors dumped risky assets after North Korea fired a missile over Japan. The blue chip FTSE 100 was down 0.9 percent at 7,337.43 points at its close, in line with a broader slide among Eu

Published 30 Aug, 2017 12:00am

Southeast Asian stock fall as North Korea tensions intensify

Southeast Asian stock markets, except Thailand, ended lower on Tuesday as risk appetite took a hit after North Korea fired a missile that flew over Japan, sharply escalating tensions on the Korean peninsula and prompting investors to seek safer assets. Th

Published 30 Aug, 2017 12:00am

North Korea tensions, strong euro send European shares to six-month low

Political tensions and a surging euro sent European shares to their lowest in six months on Tuesday after a missile launch by North Korea sapped global risk appetite. The pan-European STOXX 600 ended the session down 1 percent, recovering some of the grou

Published 30 Aug, 2017 12:00am

Hong Kong shares down

Hong Kong stocks, along with those on major global markets, fell on Tuesday after North Korea fired a missile over Japan, escalating geo-political tensions. The benchmark Hang Seng index slid 0.4 percent, to 27,765.01, while the China Enterprises Index al

Published 30 Aug, 2017 12:00am

Treasury yields fall

US benchmark Treasury yields fell to two-month lows on Monday after the government saw strong demand for a five-year note auction, and as market participants waited on data that will culminate on Friday with the August employment report. Wall Street's top

Published 30 Aug, 2017 12:00am

Treasury yields fall

Published 30 Aug, 2017 12:00am

Exchange

Shanghai Composite Index up, CSI300 down

China's major shares indexes moved only marginally on Tuesday as investors paused for breath after a recent rally. Investors were little fazed by North Korea's missile launch over Japan, which impacted indexes elsewhere in Asia. China's share markets are

Published 30 Aug, 2017 12:00am

Exchange

Wall Street little changed as Harvey pummels Texas

The S&P 500 and Dow ended little changed on Monday, with energy and bank shares lower as Tropical Storm Harvey crippled the US energy hub in Texas, while tech and healthcare gave a light boost to the Nasdaq. Harvey, the most powerful hurricane to strike t

Published 30 Aug, 2017 12:00am

Tuesday's afternoon trade: stocks slightly higher as North Korea concerns ebb

US stocks rebounded from steep losses to trade slightly higher on Tuesday afternoon as investors shrugged off concerns over North Korea's latest missile test. The Dow Jones Industrial Average had dropped more than 100 points at the open as North Korea's m

Published 30 Aug, 2017 12:00am

Tokyo stocks down

Tokyo stocks fell to a four-month low Tuesday after North Korea launched a missile over Japan that sent regional tensions soaring, with Prime Minister Shinzo Abe slamming it as an "unprecedented, serious and grave threat". The provocation was seen as a ma

Published 30 Aug, 2017 12:00am

Qatar index falls after Fitch downgrade, Qalaa helps Egypt

Qatar's stock market dropped on Tuesday after Fitch cut the country's credit rating, while most other Gulf bourses fell in thin trade but Egypt's blue-chip index gained strongly, helped by investment firm Qalaa Holdings. Fitch lowered Qatar by one notch t

Published 30 Aug, 2017 12:00am

Proposed US aid cuts threaten 'disaster' for world's poor: foundation head

Aid to help developing countries fight poverty, hunger, disease and climate change is likely to fall 50 to 70 percent under proposed US budget cuts, a "disaster" for the world's poor, the president of The Rockefeller Foundation has warned. Closing the exp

Published 30 Aug, 2017 12:00am

Canadian retail sales cool; rate hike still expected

Canadian retail sales cooled in June after three consecutive months of solid growth, but analysts said the economy's overall tone was still strong enough to warrant another interest rate hike this year. Sales edged up 0.1 percent in June from May, Statist

Published 30 Aug, 2017 12:00am

Poland to allocate additional $55 billion on defence by 2032

Poland will allocate an additional 200 billion zlotys ($55 billion) on defence over the next 15 years to modernise its army amid signs of growing aggression from Russia, a deputy defence minister said. Russia's Zapad military exercises next month in Belar

Published 30 Aug, 2017 12:00am

New Zealand posts first July trade surplus since 2012

New Zealand posted a July monthly trade surplus for the first time in five years, as a recovery in dairy export prices helped boost exports, Statistics New Zealand said on Thursday. July's trade surplus of NZ$85 million was a far cry from July 2016's NZ$3

Published 30 Aug, 2017 12:00am

US to withhold up to $290 million in Egypt aid

The United States has decided to deny Egypt $95.7 million in aid and to delay a further $195 million because of its failure to make progress on respecting human rights and democratic norms, two sources familiar with the matter said on Tuesday. The decisio

Published 30 Aug, 2017 12:00am

Building for India's poor: plant a seed to grow a forest

Balkrishna Doshi began his illustrious career as India was born, and many of the architect's most influential projects in the intervening 70 years have involved building almost nothing. For Doshi, modern city planners and designers of skyscrapers who try

Published 30 Aug, 2017 12:00am

UK's Destiny Pharma taps AIM market to fund 'superbug' drugs

British biotech firm Destiny Pharma is aiming to raise more than 10 million pounds ($12.9 million) of new equity to develop drugs that target antibiotic-resistant bacterial infections, or superbugs, in hospitals, it said on Friday.

Published 30 Aug, 2017 12:00am

US consumer confidence jumps in August

US consumer confidence jumped for the second straight month in August, surpassing expectations amid buoyant feelings about the present situation, according to a monthly survey released Tuesday. However, the survey showed consumers' are not expecting the e

Published 30 Aug, 2017 12:00am

Uber pays out $10 million to get back on Philippine roads

Ride-sharing app Uber said Tuesday it had paid nearly $10 million in fines and drivers' compensation to return to the Philippines' roads, after it was suspended for defying the government. The nation's transportation agency suspended Uber on August 14 for

Published 30 Aug, 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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