News Archives for Print - 2017-09-10 - Business Recorder

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Print - 2017-09-10

Banks' share in government securities comes to 94 percent in overall investments

Banks' share in government securities comes to 94 percent in overall investments

Banks' investment in government securities constitute over 94 percent share in overall investments made during the second quarter off this calendar year (Q2CY17) Bankers said that although there are a number of investments opportunities, the banks' and fi

Published 10 Sep, 2017 12:00am

It's not cricket!

It's not cricket!

The amount of money that is coming into cricket is just unbelievable. Look at the Indian Premier League which is said to be expecting even higher returns in the years ahead after striking a bumper $2.55 billion broadcast deal to become one of the world's

Published 10 Sep, 2017 12:00am

Series of potent hurricanes stokes scientific debate

Series of potent hurricanes stokes scientific debate

The rapid-fire formation of four unusually potent Atlantic hurricanes, including Harvey and Irma, has stoked scientific debate over what role global warming is playing in this phenomenon. First came Harvey, which unleashed massive floods in Texas, then th

Published 10 Sep, 2017 12:00am

Cartagena struggles to get pioneering climate plan into action

Cartagena struggles to get pioneering climate plan into action

When the historic Caribbean seaport city of Cartagena drew up a long-term plan for climate change adaptation in 2014, it was hailed as a pioneer. But three years later, the so-called Plan 4C - Competitive and Climate Compatible Cartagena - is still strugg

Published 10 Sep, 2017 12:00am

Mis-procurement

Mis-procurement

The federal and provincial governments and their institutions are resorting to the procurements especially in the energy and infrastructure sectors in the absence of transparent and competitive bidding. Yet they claim that these procurements are in confor

Published 10 Sep, 2017 12:00am

Ready to help but not accept blame

Ready to help but not accept blame

Speaking at the Defence Day event in Rawalpindi in the wake of US' new strategy in Afghanistan and South Asia that singled out Pakistan for criticism also stepping on its red line, Army chief General Qamar Javed Bajwa had a strong message to deliver, in s

Published 10 Sep, 2017 12:00am

Nuclear tension on the Korean Peninsula

Exchange

Nuclear tension on the Korean Peninsula

Is the world on the brink of an all-out nuclear war? The US, Britain, France, Japan and South Korea have requested an urgent meeting following the detonation of a hydrogen bomb for a long-range missile by North Korea. The request came amid reports that Py

Published 10 Sep, 2017 12:00am

Thousands join anti-Brexit march through London

Thousands join anti-Brexit march through London

Thousands of people marched through central London on Saturday calling on the government to "rethink and reject Brexit". A stream of protesters poured through Trafalgar Square and stopped to boo outside Prime Minister Theresa May's Downing Street office b

Published 10 Sep, 2017 12:00am

Thousands join anti-Brexit march through London

Thousands join anti-Brexit march through London

Thousands of people marched through central London on Saturday calling on the government to "rethink and reject Brexit". A stream of protesters poured through Trafalgar Square and stopped to boo outside Prime Minister Theresa May's Downing Street office b

Published 10 Sep, 2017 12:00am

Telecom sector''s audit: WHT collection details to be available via online system

Telecom sector''s audit: WHT collection details to be available via online system

The withholding tax collections of telecom companies would be available to the Federal Board of Revenue (FBR), Auditor General of Pakistan or specialized audit firms for audit purposes through an online system/software developed in consultation with telec

Published 10 Sep, 2017 12:00am

Telecom sector's audit: WHT collection details to be available via online system

Telecom sector's audit: WHT collection details to be available via online system

The withholding tax collections of telecom companies would be available to the Federal Board of Revenue (FBR), Auditor General of Pakistan or specialized audit firms for audit purposes through an online system/software developed in consultation with telec

Published 10 Sep, 2017 12:00am

Telecom sector's audit: WHT collection details to be available via online system

Telecom sector's audit: WHT collection details to be available via online system

The withholding tax collections of telecom companies would be available to the Federal Board of Revenue (FBR), Auditor General of Pakistan or specialized audit firms for audit purposes through an online system/software developed in consultation with telec

Published 10 Sep, 2017 12:00am

ATC issues final arrest warrant for Altaf

ATC issues final arrest warrant for Altaf

The Court for the Suppression of Terrorist Activities on Saturday issued final arrest warrant for founder of Muttahida Qaumi Movement-London (MQM) Altaf Hussain over provocative speeches against Pakistan Army. ATC judge Shahrukh Arjumand heard the case an

Published 10 Sep, 2017 12:00am

ATC issues final arrest warrant for Altaf

ATC issues final arrest warrant for Altaf

The Court for the Suppression of Terrorist Activities on Saturday issued final arrest warrant for founder of Muttahida Qaumi Movement-London (MQM) Altaf Hussain over provocative speeches against Pakistan Army. ATC judge Shahrukh Arjumand heard the case an

Published 10 Sep, 2017 12:00am

Energy, communication and defence: Pakistan, Kazakhstan agree to execute joint projects

Exchange

Energy, communication and defence: Pakistan, Kazakhstan agree to execute joint projects

Pakistan and Kazakhstan on Saturday agreed to execute joint projects in the fields of defence, energy and communication to widen the bilateral cooperation. The agreement was reached during a meeting between President Mamnoon Hussain and Prime Minister of

Published 10 Sep, 2017 12:00am

Energy, communication and defence: Pakistan, Kazakhstan agree to execute joint projects

Exchange

Energy, communication and defence: Pakistan, Kazakhstan agree to execute joint projects

Pakistan and Kazakhstan on Saturday agreed to execute joint projects in the fields of defence, energy and communication to widen the bilateral cooperation. The agreement was reached during a meeting between President Mamnoon Hussain and Prime Minister of

Published 10 Sep, 2017 12:00am

Energy, communication and defence: Pakistan, Kazakhstan agree to execute joint projects

Exchange

Energy, communication and defence: Pakistan, Kazakhstan agree to execute joint projects

Pakistan and Kazakhstan on Saturday agreed to execute joint projects in the fields of defence, energy and communication to widen the bilateral cooperation. The agreement was reached during a meeting between President Mamnoon Hussain and Prime Minister of

Published 10 Sep, 2017 12:00am

Genocide of Rohingya Muslims Myanmar envoy summoned

Genocide of Rohingya Muslims Myanmar envoy summoned

Pakistan on Saturday summoned Ambassador of Myanmar and lodged a strong protest with him over the ongoing violence against Rohingya Muslims, Foreign Office said. "The Ambassador of Myanmar U Win Myint was called to the Foreign Office Saturday by Foreign S

Published 10 Sep, 2017 12:00am

Genocide of Rohingya Muslims Myanmar envoy summoned

Genocide of Rohingya Muslims Myanmar envoy summoned

Pakistan on Saturday summoned Ambassador of Myanmar and lodged a strong protest with him over the ongoing violence against Rohingya Muslims, Foreign Office said. "The Ambassador of Myanmar U Win Myint was called to the Foreign Office Saturday by Foreign S

Published 10 Sep, 2017 12:00am

Army wasn't behind Nawaz's ouster: Nisar

Army wasn't behind Nawaz's ouster: Nisar

Former interior minister Nisar has said that Army had no role in the ouster of Nawaz Sharif from prime ministership. According to a television website, the former federal minister was of the view that any confrontation with judiciary will not yield any po

Published 10 Sep, 2017 12:00am

Army wasn't behind Nawaz's ouster: Nisar

Army wasn't behind Nawaz's ouster: Nisar

Former interior minister Nisar has said that Army had no role in the ouster of Nawaz Sharif from prime ministership. According to a television website, the former federal minister was of the view that any confrontation with judiciary will not yield any po

Published 10 Sep, 2017 12:00am

Seminar held to mark International Literacy Day

Seminar held to mark International Literacy Day

A seminar was held at Conference Room of Commissioner Office in connection with the International Literacy Day. Divisional Commissioner Momin Agha was the chief guest while the people belonging to different walks of life participated in the seminar. Addre

Published 10 Sep, 2017 12:00am

NBP, Aman Foundation ink MoU

NBP, Aman Foundation ink MoU

National Bank of Pakistan (NBP) and Aman Foundation signed a MoU which entails sponsoring an ambulance of Aman Foundation for five years. This ambulance will be operated in Gulberg area, district central Karachi. The MoU was signed by Ovais Asad Khan, EVP

Published 10 Sep, 2017 12:00am

Red Cross driver killed in South Sudan ambush

Red Cross driver killed in South Sudan ambush

A Red Cross driver was killed when unknown militants attacked an aid convoy in South Sudan, the organisation said Saturday. Lukudu Kennedy Laki Emmanuel was shot dead Friday when gunmen ambushed the nine-vehicle convoy transporting humanitarian supplies i

Published 10 Sep, 2017 12:00am

Kosovo PM designate pledges dialogue with Serbia, graft fight

Kosovo PM designate pledges dialogue with Serbia, graft fight

Kosovo's prime minister designate, ex-guerilla commander Ramush Haradinaj, pledged on Saturday to maintain dialogue with a former foe Serbia and put an end to endemic corruption. Haradinaj was chosen to form a new government on Thursday, ending a politica

Published 10 Sep, 2017 12:00am

Sovereign wealth funds boost private investments in emerging markets

Sovereign wealth funds boost private investments in emerging markets

Private market investments have become a crucial part of sovereign wealth funds' (SWF) portfolios, helping them better tap the potential of key emerging markets such as China and India, a Goldman Sachs Asset Management executive said. Global sovereign wea

Published 10 Sep, 2017 12:00am

Sovereign wealth funds boost private investments in emerging markets

Sovereign wealth funds boost private investments in emerging markets

Private market investments have become a crucial part of sovereign wealth funds' (SWF) portfolios, helping them better tap the potential of key emerging markets such as China and India, a Goldman Sachs Asset Management executive said. Global sovereign wea

Published 10 Sep, 2017 12:00am

'Basmati paddy growing' contest to be held in Punjab

'Basmati paddy growing' contest to be held in Punjab

The Punjab government is arranging "Basmati Paddy Growing" competition 2017-18 among the paddy growers to give boost to paddy production in the province. Farmers from Sheikhupura, Sialkot, Gujranwala, Hafizabad, Nankana Sahib, Okara, Narowal, Mandi Bahaud

Published 10 Sep, 2017 12:00am

PU to hold moot on CPEC from September 11

PU to hold moot on CPEC from September 11

Punjab University Department of History & Pakistan Studies will organize a three-day international conference on China-Pakistan Economic Corridor (CPEC) political, economic and social perspectives from September 11 to 13, 2017. In this regard inaugural ce

Published 10 Sep, 2017 12:00am

Nine die, four hurt in trailer-van collision

Nine die, four hurt in trailer-van collision

At least nine people died and four others injured in collision between two over speeding vehicles here on Saturday. Rescue sources said that an over speeding trailer collided with a van near Hayat Canal in Layyah. Five people died on the spot while eight

Published 10 Sep, 2017 12:00am

PAIF-Founders Alliance begins drive for LCCI polls

PAIF-Founders Alliance begins drive for LCCI polls

PAIF-Founders Alliance (PFA) has started its election campaign for Associate Class in the LCCI elections. Alliance candidates alongwith their leadership and supporters visited main markets of Lahore including Urdu Bazaar, Gantpat road, Abkari road, Rahman

Published 10 Sep, 2017 12:00am

German minister urges EU to standardise asylum seeker benefits

German minister urges EU to standardise asylum seeker benefits

Social benefits for asylum seekers in Germany are "quite high" and they need to be harmonised across Europe, the country's interior minister was quoted on Saturday as saying, two weeks before a national election in which immigration is a key issue.

Published 10 Sep, 2017 12:00am

12 drown off Hawksbay beach

12 drown off Hawksbay beach

At least twelve family members drowned off Hawksbay beach, here on Saturday. According to rescue sources, picnickers were taking bath after sunset when rough water dragged them to deep sea. During the rescue operation, divers recovered bodies of all of th

Published 10 Sep, 2017 12:00am

12 drown off Hawksbay beach

12 drown off Hawksbay beach

At least twelve family members drowned off Hawksbay beach, here on Saturday. According to rescue sources, picnickers were taking bath after sunset when rough water dragged them to deep sea. During the rescue operation, divers recovered bodies of all of th

Published 10 Sep, 2017 12:00am

Provisional census results: constitutional amendment may be introduced ahead of polls

Provisional census results: constitutional amendment may be introduced ahead of polls

A constitutional amendment may be introduced for holding 2018 general elections on the basis of provisional results of the population census in the event that the final results have not been tabulated. Sources said the issue was discussed in the last meet

Published 10 Sep, 2017 12:00am

Provisional census results: constitutional amendment may be introduced ahead of polls

Provisional census results: constitutional amendment may be introduced ahead of polls

A constitutional amendment may be introduced for holding 2018 general elections on the basis of provisional results of the population census in the event that the final results have not been tabulated. Sources said the issue was discussed in the last meet

Published 10 Sep, 2017 12:00am

Provisional census results: constitutional amendment may be introduced ahead of polls

Provisional census results: constitutional amendment may be introduced ahead of polls

A constitutional amendment may be introduced for holding 2018 general elections on the basis of provisional results of the population census in the event that the final results have not been tabulated. Sources said the issue was discussed in the last meet

Published 10 Sep, 2017 12:00am

Machinery Expo begins: ECC to accord approval to new textile package

Machinery Expo begins: ECC to accord approval to new textile package

Commerce Minister Pervaiz Malik Saturday said the Economic Coordination Committee (ECC) would accord approval to a new package for the country''s textile sector for its revival in real sense. Talking to media after inaugurating a three-day ''Machinery Exp

Published 10 Sep, 2017 12:00am

Machinery Expo begins: ECC to accord approval to new textile package

Machinery Expo begins: ECC to accord approval to new textile package

Commerce Minister Pervaiz Malik Saturday said the Economic Coordination Committee (ECC) would accord approval to a new package for the country's textile sector for its revival in real sense. Talking to media after inaugurating a three-day 'Machinery Expo'

Published 10 Sep, 2017 12:00am

Machinery Expo begins: ECC to accord approval to new textile package

Machinery Expo begins: ECC to accord approval to new textile package

Commerce Minister Pervaiz Malik Saturday said the Economic Coordination Committee (ECC) would accord approval to a new package for the country's textile sector for its revival in real sense. Talking to media after inaugurating a three-day 'Machinery Expo'

Published 10 Sep, 2017 12:00am

North Korea urges nuclear build-up on anniversary

North Korea urges nuclear build-up on anniversary

North Korea's state media marked the nation's founding anniversary Saturday with calls for a nuclear arms buildup, in defiance of mounting international sanctions. South Korea's military said it was keeping close tabs on the North amid speculation it coul

Published 10 Sep, 2017 12:00am

North Korea urges nuclear build-up on anniversary

North Korea urges nuclear build-up on anniversary

North Korea's state media marked the nation's founding anniversary Saturday with calls for a nuclear arms buildup, in defiance of mounting international sanctions. South Korea's military said it was keeping close tabs on the North amid speculation it coul

Published 10 Sep, 2017 12:00am

Nawaz's petitions: why didn't SC form five-member bench?

Nawaz's petitions: why didn't SC form five-member bench?

The Supreme Court has not formed a five-member bench to hear former Prime Minister Nawaz Sharif's review petitions as he had challenged the apex court's verdict in a three member implementation bench and not the judgment of the five member larger bench. T

Published 10 Sep, 2017 12:00am

Nawaz's petitions: why didn't SC form five-member bench?

Nawaz's petitions: why didn't SC form five-member bench?

The Supreme Court has not formed a five-member bench to hear former Prime Minister Nawaz Sharif's review petitions as he had challenged the apex court's verdict in a three member implementation bench and not the judgment of the five member larger bench. T

Published 10 Sep, 2017 12:00am

Zardari's acquittal challenged

Zardari's acquittal challenged

The National Accountability Bureau (NAB) on Saturday challenged former president and Pakistan People's (PPP) co-chairman Asif Ali Zardari's acquittal in a corruption reference from an accountability court. The prosecution wing of country's top anti-graft

Published 10 Sep, 2017 12:00am

Zardari's acquittal challenged

Zardari's acquittal challenged

The National Accountability Bureau (NAB) on Saturday challenged former president and Pakistan People's (PPP) co-chairman Asif Ali Zardari's acquittal in a corruption reference from an accountability court. The prosecution wing of country's top anti-graft

Published 10 Sep, 2017 12:00am

Saindak lease contract: PD to hold more talks on proposed extension

Saindak lease contract: PD to hold more talks on proposed extension

Ministry of Energy''s Petroleum Division is to hold further deliberations with all the stakeholders on proposed extension in a lease contract of Saindak Copper-Gold Project with Metallurgical Corporation of China Limited (MCC) China after the federal Cabi

Published 10 Sep, 2017 12:00am

Saindak lease contract: PD to hold more talks on proposed extension

Saindak lease contract: PD to hold more talks on proposed extension

Ministry of Energy's Petroleum Division is to hold further deliberations with all the stakeholders on proposed extension in a lease contract of Saindak Copper-Gold Project with Metallurgical Corporation of China Limited (MCC) China after the federal Cabin

Published 10 Sep, 2017 12:00am

Saindak lease contract: PD to hold more talks on proposed extension

Saindak lease contract: PD to hold more talks on proposed extension

Ministry of Energy's Petroleum Division is to hold further deliberations with all the stakeholders on proposed extension in a lease contract of Saindak Copper-Gold Project with Metallurgical Corporation of China Limited (MCC) China after the federal Cabin

Published 10 Sep, 2017 12:00am

PM briefed about operational preparedness of PAF

PM briefed about operational preparedness of PAF

Prime Minister Shahid Khaqan Abbasi on Saturday appreciated the high morale of aerial defenders of the country and expressed his satisfaction on the operational readiness of Pakistan Air Force. The prime minister, who visited an Operational Air Base of Pa

Published 10 Sep, 2017 12:00am

PM briefed about operational preparedness of PAF

PM briefed about operational preparedness of PAF

Prime Minister Shahid Khaqan Abbasi on Saturday appreciated the high morale of aerial defenders of the country and expressed his satisfaction on the operational readiness of Pakistan Air Force. The prime minister, who visited an Operational Air Base of Pa

Published 10 Sep, 2017 12:00am

YOUR RUPEE LAST MONTH

Exchange

YOUR RUPEE LAST MONTH

Following currency fluctuations took place in foreign exchange rates during the last month. (August 1 to 31, 2017)

Published 10 Sep, 2017 12:00am

The Weather

The Weather

The weather report on Saturday (September 09, 2017) and the forecast for Sunday (September 10, 2017).

Published 10 Sep, 2017 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (September 09, 2017).

Published 10 Sep, 2017 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (September 09, 2017).

Published 10 Sep, 2017 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (September 09, 2017).

Published 10 Sep, 2017 12:00am

Karachi Yarn Market Rate

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (September 09, 2017).

Published 10 Sep, 2017 12:00am

Karachi Yarn Market Rate

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (September 09, 2017).

Published 10 Sep, 2017 12:00am

Faisalabad yarn and fibre prices

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (September 09, 2017).

Published 10 Sep, 2017 12:00am

Faisalabad yarn and fibre prices

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (September 09, 2017).

Published 10 Sep, 2017 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (September 09, 2017)

Published 10 Sep, 2017 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (September 09, 2017).

Published 10 Sep, 2017 12:00am

Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 09, 2017).

Published 10 Sep, 2017 12:00am

Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (September 09, 2017).

Published 10 Sep, 2017 12:00am

World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (September 09, 2017).

Published 10 Sep, 2017 12:00am

World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (September 09, 2017).

Published 10 Sep, 2017 12:00am

Kerb buying and selling rate of US dollar

Kerb

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (September 09, 2017).

Published 10 Sep, 2017 12:00am

THE RUPEE: rising trend

THE RUPEE: rising trend

A kind of firmness was witnessed on the money market on Saturday as the rupee maintained an upward trend against the dollar in process of trading, dealers said. The rupee managed to sustain overnight levels, picking up further 10 paisas in relation to the

Published 10 Sep, 2017 12:00am

THE RUPEE: rising trend

THE RUPEE: rising trend

A kind of firmness was witnessed on the money market on Saturday as the rupee maintained an upward trend against the dollar in process of trading, dealers said. The rupee managed to sustain overnight levels, picking up further 10 paisas in relation to the

Published 10 Sep, 2017 12:00am

Cross Transactions between Client to Client & Financial Institutions

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Saturday (September 09, 2017).

Published 10 Sep, 2017 12:00am

Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (September 09, 2017).

Published 10 Sep, 2017 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (September 09, 2017).

Published 10 Sep, 2017 12:00am

Aaj TV - Sunday's schedule

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 10 Sep, 2017 12:00am

Robust corn yields found in southwest Minnesota; soya struggles

Robust corn yields found in southwest Minnesota; soya struggles

Corn in southwestern Minnesota was headed for another bumper harvest, but signs of stress early in the growing season raised concerns about soyabean production in the area, scouts on annual tour found on Thursday. Muddy conditions during planting and exce

Published 10 Sep, 2017 12:00am

What are surging industrial metal prices telling us?

Exchange

What are surging industrial metal prices telling us?

Copper hit a three-year high of $6,970 per tonne on the London Metal Exchange (LME) on Tuesday morning. Aluminium is faring even better, trading above $2,100 per tonne for the first time since 2013. Zinc eclipses both. At a current $3,200 per tonne it is

Published 10 Sep, 2017 12:00am

Ukraine seen set for bumper grain harvest, exports

Ukraine seen set for bumper grain harvest, exports

UkrAgroConsult raised its forecast for Ukraine's 2017/18 grain exports by 3.4 percent to 42.06 million tonnes on Tuesday underpinned by higher-than-expected harvest. The consultancy raised its grain harvest estimate to 63.2 million tonnes from 61.7 millio

Published 10 Sep, 2017 12:00am

Wheat virus threatens crop in US Plains as farmers save money

Wheat virus threatens crop in US Plains as farmers save money

Kansas, the top US wheat producing state, could face hefty yield losses next year from a virus that cost it nearly 6 percent of production in 2017, according to a preliminary estimate, as low wheat prices may have deterred farmers from spending money on h

Published 10 Sep, 2017 12:00am

Henan Shenhuo to close 60,000 tonnes of aluminium capacity

Exchange

Henan Shenhuo to close 60,000 tonnes of aluminium capacity

Henan Shenhuo Coal & Power Co said on Tuesday it was offloading 60,000 tonnes per year of idle aluminium smelting capacity and related equipment as part of asset optimisation measures. In a statement to the Shenzhen stock exchange, the company said its bo

Published 10 Sep, 2017 12:00am

Egypt extends 13.5 percent moisture limit in wheat by nine months

Egypt extends 13.5 percent moisture limit in wheat by nine months

Egypt, the world's largest wheat buyer, will allow wheat shipments with a moisture level of up to 13.5 percent for an extra nine months, the trade ministry said on Thursday, extending a higher limit that was set to expire. The higher moisture limit applie

Published 10 Sep, 2017 12:00am

Brazil's Abiove sees record 2018 soya exports

Brazil's Abiove sees record 2018 soya exports

Brazil is expected to export a record 65 million tonnes of soya grains in 2018 although the country's overall output may fall, industry group Abiove said on Wednesday in its first forecast for next season. "With a good harvest and China's demand growing,

Published 10 Sep, 2017 12:00am

Oil prices likely to get a boost from stock draws, demand growth

Oil prices likely to get a boost from stock draws, demand growth

An accelerating decline in global crude inventories and expectations for an uptick in global demand growth has caused analysts to revise their Brent oil price forecasts upwards for the first time in six months, a Reuters survey has shown in August. The po

Published 10 Sep, 2017 12:00am

Germany set for big sugar crop in deregulated EU market

Germany set for big sugar crop in deregulated EU market

Germany is set to significantly increase its sugar production after farmers expanded beet sowings for the autumn harvest ahead of deregulation of the EU market from next month, an industry official said. German farmers have increased beet sowings by about

Published 10 Sep, 2017 12:00am

Copper imports steady

Exchange

Copper imports steady

China's imports of copper and copper products held steady for a fourth month in August, indicating demand remains robust in the world's largest consumer of the metal despite surging prices. Arrivals of unwrought copper totalled 390,000 tonnes last month,

Published 10 Sep, 2017 12:00am

China bought 8.45 million tonnes of soyabeans in biggest August imports on record

Vegetable Oil

China bought 8.45 million tonnes of soyabeans in biggest August imports on record

China, the world's top soyabean buyer, imported 8.45 million tonnes of the oilseed in August, customs data showed on Friday, a record for the month of August, as improving margins boosted demand from buyers. The August figures were up 10.2 percent from la

Published 10 Sep, 2017 12:00am

Coffee markets subdued; Indonesian prices rise

Coffee markets subdued; Indonesian prices rise

Coffee markets in major Asian exporters were muted as London robusta prices fell to multi-month lows, even as Indonesian coffee prices reversed its downward trend. Indonesian traders quoted the grade 4 defect 80 robusta beans at premiums in the range of $

Published 10 Sep, 2017 12:00am

HRW wheat bids rise

HRW wheat bids rise

Cash basis bids for hard red winter (HRW) in the southern US Plains on Thursday were mostly unchanged but rose in Catoosa, Oklahoma, supported by improved flour miller demand, merchants said. Protein premiums for railcar wheat to and through Kansas City o

Published 10 Sep, 2017 12:00am

European gasoline margins rise as Hurricane Irma hits Caribbean

European gasoline margins rise as Hurricane Irma hits Caribbean

European gasoline refining margins rose slightly on Thursday as markets braced for the impact of Hurricane Irma, which followed Hurricane Harvey that devastated Texas. The gasoline barge crack swap was its highest since the end of May at around $12.52 a b

Published 10 Sep, 2017 12:00am

CBOT corn futures drop

CBOT corn futures drop

Chicago Board of Trade corn futures fell on Thursday on a round of technical selling, traders said. Prices closed near session lows. Expectations that the upcoming US harvest will be large and add to the already burdensome global balance sheet also weighe

Published 10 Sep, 2017 12:00am

CBOT soyabean futures weaker

CBOT soyabean futures weaker

US soyabean futures eased on Thursday, weighed down by technical pressure as well as weakness in the corn market, traders said. Expectations that looming Hurricane Irma could damage crops in southeastern production states such as Georgia and North Carolin

Published 10 Sep, 2017 12:00am

CBOT wheat futures lower on profit taking

CBOT wheat futures lower on profit taking

Chicago Board of Trade wheat futures sagged 1.9 percent on Thursday as traders locked in profits from a rally that pushed prices to a three-week high on Wednesday. The benchmark CBOT wheat contract notched its first losing session since August 28. K.C. wh

Published 10 Sep, 2017 12:00am

US FOB Gulf corn bids fall

US FOB Gulf corn bids fall

Bids for barges of corn bound for the US Gulf weakened with cash prices on Thursday, traders said. Soyabean bids remained mostly stable. Bids for early September CIF corn barges were down about 4 cents from Wednesday to 20 cents above the Chicago Board of

Published 10 Sep, 2017 12:00am

Light rains mostly help Ivory Coast's cocoa crop

Light rains mostly help Ivory Coast's cocoa crop

Light rains mixed with average sun last week in most of Ivory Coast's main cocoa-growing areas was good for the growth of the crop, but overly humid conditions had led to an outbreak of black pod disease the Daloa region, farmers said on Monday. The harve

Published 10 Sep, 2017 12:00am

Rice prices jump in India

Rice prices jump in India

Rice prices in top exporter India rebounded this week, boosted by steady demand from Bangladesh which has been actively exploring fresh import deals with its neighbours and is looking to wrap up a major purchase from Myanmar. A Bangladeshi government dele

Published 10 Sep, 2017 12:00am

Cotton prices up on sustained buying

Cotton

Cotton prices up on sustained buying

Prices moved up slightly on the cotton market on Saturday on sustained buying by spinners and mills, dealers said. The official spot rate stayed put at Rs 6100, they said. In the ready session, nearly 23,000 bales of cotton changed hand between Rs 6000-63

Published 10 Sep, 2017 12:00am

Freight rates for VLCCs slightly higher

Exchange

Freight rates for VLCCs slightly higher

Freight rates for very large crude carriers (VLCCs) on Asian routes may have found a floor this week as a combination of increased chartering activity and some tankers sailing at slower speeds pushed rates slightly higher from the Middle East. "Rates are

Published 10 Sep, 2017 12:00am

Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell 1.0 percent to their lowest in more than three weeks on Thursday on seasonal harvest pressure and strength in the dollar, traders said. Some crushers hedged purchases made on the cash market as harvesting picked up amid dr

Published 10 Sep, 2017 12:00am

India's August gold imports nearly triple from a year ago

India's August gold imports nearly triple from a year ago

India's gold imports in August nearly tripled from a year ago, despite sluggish domestic demand as a recent tax change that allowed importers to ship in the yellow metal from South Korea without paying customs duty saw some traders purchasing heavily from

Published 10 Sep, 2017 12:00am

Soyameal little changed on European feeds market

Soyameal little changed on European feeds market

Soyameal asking prices were little changed on Europe's animal feed meal market on Thursday as a holiday in key exporter Brazil contributed to a lull after a sharp price rise the previous day. Continued strength in Chicago futures underpinned prices, but s

Published 10 Sep, 2017 12:00am

Asia's naphtha crack hovers at 6-1/2-month high

Asia's naphtha crack hovers at 6-1/2-month high

Asia's naphtha crack touched a fresh 6-1/2-month high of $97.18 a tonne on Thursday, supported by a string of demand. Japan's Showa Denko has bought naphtha for second-half October delivery at a small discount to Japan quotes on a cost-and-freight (C&F) b

Published 10 Sep, 2017 12:00am

US natural gas futures fall on hurricane worries

Exchange

US natural gas futures fall on hurricane worries

US natural gas futures settled lower on Thursday after federal data showed a bigger-than-normal inventory build on worries about demand disruption due to the hurricanes in the Atlantic and cooler temperature views. Front-month gas futures for October deli

Published 10 Sep, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.10
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
S&P 500 / Dec 23	5,974.07
Nasdaq / Dec 23	19,764.89
Dow Jones / Dec 23	42,906.95
Germany DAX 30 / Dec 23	19,848.77
India Sensex / Dec 24	78,616.57
Tokyo Nikkei / Dec 24	39,036.85
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,130.86

Item	Value
Gold 10 Grams PKR / Dec 23	241,087.80
Petrol/Litre / Dec 24	252.10
Crude Oil USD/Barrel / Dec 24	69.54
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold Spot USD/Ounce / Dec 24	2,618.54
Diesel/Litre / Dec 24	255.38

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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Mari Petroleum Company Limited

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High returns to benefit investors, spur jobs: Aleem

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IFC, local banks to provide $52.2mn financing for tyre production in Pakistan

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