News Archives for Print - 2017-09-21

Print - 2017-09-21

Shopping surge in August boosts British rate hike bets

British retail sales unexpectedly surged in August, boosting chances the Bank of England will raise interest rates for the first time in a decade at its next meeting. More downbeat news, however, came from a BoE survey which showed no sign that wages were

Published 21 Sep, 2017 12:00am

ThyssenKrupp-Tata merger sets scene for jobs battle

German heavy industry giant ThyssenKrupp and Indian group Tata agreed Wednesday to merge their steel operations in Europe, sending governments and unions scrambling to ward off job cuts. Once the deal is finalised in 2018, the two groups aim for efficienc

Published 21 Sep, 2017 12:00am

CBS's Australia TV deal favoured over Murdoch bid

US broadcaster CBS's bid to buy Australia's third-largest television network was approved by creditors and staff Tuesday, paving the way for the takeover despite a rival offer by media mogul Lachlan Murdoch. The tussle for the embattled Ten Network came a

Published 21 Sep, 2017 12:00am

Ship breakers required to pay sales tax at Rs 8,500 PMT

Ship breakers are required to pay sales tax @ Rs 8,500 per metric ton (PMT) which is to be calculated @ 80% of LDT of oil tankers and gas carriers imported for breaking and @72.5% of LDT in case of other ships from July 1, 2017. In this connection, the FB

Published 21 Sep, 2017 12:00am

Chinese dockless bike-share giant launches US beachhead

Chinese bike-sharing giant Mobike on Wednesday launched in the US capital, bringing its "dockless" system which has swept China and is used in some 180 cities worldwide. Washington is the first US city for Mobike, which has distributed some seven million

Published 21 Sep, 2017 12:00am

Chinese dockless bike-share giant launches US beachhead

Published 21 Sep, 2017 12:00am

Chinese dockless bike-share giant launches US beachhead

Published 21 Sep, 2017 12:00am

Cotton

Cotton stalk centerpiece: US university president apologizes to black students

A US university president has apologized to black students invited to his home for dinner for using cotton stalks in a table centerpiece. Lipscomb University President Randy Lowery offered the apology in an email after several of the students expressed co

Published 21 Sep, 2017 12:00am

Cotton

Cotton stalk centerpiece: US university president apologizes to black students

Published 21 Sep, 2017 12:00am

6.3 percent UfG volume approved by Ogra

The Oil and Gas Regulatory Authority (Ogra) has allowed UfG (Un-accounted for Gas) volume at 6.3 percent that is to be included in the gas tariff in the current year 2017-18. The regulator has approved 6.3 percent UfG volume in the estimated revenue requi

Published 21 Sep, 2017 12:00am

6.3 percent UfG volume approved by Ogra

Published 21 Sep, 2017 12:00am

6.3 percent UfG volume approved by Ogra

Published 21 Sep, 2017 12:00am

Three Russian soldiers killed in Syria

Three Russian soldiers have been killed in Syria during fighting between Islamic State group jihadists and Moscow-backed government forces, a monitor said on Wednesday. The Britain-based Syrian Observatory for Human Rights said the soldiers were killed on

Published 21 Sep, 2017 12:00am

Three Russian soldiers killed in Syria

Published 21 Sep, 2017 12:00am

Exchange

Increase in FDI

According to data uploaded by the State Bank of Pakistan, foreign direct investment (FDI) has increased by 155 percent during the first two months of the ongoing fiscal year in comparison to the corresponding period of last year. This is very good news fo

Published 21 Sep, 2017 12:00am

Observing austerity

The Punjab government has announced a new austerity plan for the fiscal 2017-18 aimed at enforcing financial discipline. All administrative officials of provincial departments, local governments, and autonomous bodies have been directed not to overstep th

Published 21 Sep, 2017 12:00am

Exchange

Cost of protection

It is quite mystifying. The same business houses that complain of escalating cost of production keep clamouring for more protection - higher tariffs and import restrictions. Surely, they know higher protection translates into higher production costs?

Updated 22 Sep, 2017 03:41pm

Flight after fight

In the most keenly watched NA-120 by-election the victory of Begum Kalsoom Nawaz, standing in for her husband disqualified prime minister Mian Nawaz Sharif, was predictable. She had big advantage over the other candidates on at least three counts: i) this

Published 21 Sep, 2017 12:00am

Russia becomes Iraq Kurds' top funder, quiet about independence vote

Russia, the only major power that has not called on Iraq's Kurds to cancel a referendum on independence next week, has swiftly become the top funder of Kurdish oil and gas deals, with as much as $4 billion pledged in less than a year, industry sources say

Published 21 Sep, 2017 12:00am

Trump's 'ultimatum' to North Korea

Has US President Donald Trump lost his marbles? Not only has he vowed to 'totally destroy' North Korea, he has also called Iran an 'economically depleted rogue state'. According to him, some parts of the world are 'going to hell'. The US President has vow

Published 21 Sep, 2017 12:00am

Karachi's industrial water treatment plants dysfunctional

Technical Advisor WWF-Pakistan, Muhammad Moazzam Khan said on Wednesday that the city's industrial water treatment plants; TP1, TP2, and TP3 have been dysfunctional for the last four years due to which untreated water and sewage is being dumped into the s

Published 21 Sep, 2017 12:00am

Exchange

PAT of FFCL stands Rs 2.613 billion in fiscal year 2017

The profit after tax of Fauji Fertilizer Company Limited stood at Rs 2.613 billion in the year ended June 30, 2017 (FY17) as compared to Rs 5.367 billion earned in FY16. The company's earning per share stood at Rs 1.89 in the period under review against R

Published 21 Sep, 2017 12:00am

Exchange

PAT of FFCL stands Rs 2.613 billion in fiscal year 2017

Published 21 Sep, 2017 12:00am

Azad Kashmir, Fata, G-B: Provinces not in favour of allocating four percent of divisible pool

Sindh, Balochistan and Khyber Pakhtunkhwa have disagreed with the proposal to allocate 4 percent of divisible pool to meet current and development expenditures of AJ&K, Gilgit-Baltistan and Fata in writing; while Punjab's response is still awaited. This w

Published 21 Sep, 2017 12:00am

Violation of code of conduct: ECP adjourns hearing till October 5

Election Commission of Pakistan (ECP) on Wednesday adjourned the hearing of case regarding violation of code of conduct by Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan during by-election in Jhelum till October 5. A four-member bench of the ECP, head

Published 21 Sep, 2017 12:00am

NAB team delivers arrest warrants for Ishaq Dar

A team of National Accountability Bureau (NAB) on Wednesday delivered arrest warrants and summons at the residence of Finance Minister Ishaq Dar at Minister's Enclave in compliance with the accountability court's orders. Sources told that a two-member tea

Published 21 Sep, 2017 12:00am

Nobel laureate Dr Abdus Salam's sculpture placed in IAEA HQ

On the occasion of the 60th anniversary of the IAEA, a bust of Dr Abdus Salam was unveiled at the IAEA Headquarters in Vienna by Director General Yukiya Amano on Wednesday. Dr Salam, the first Nobel Laureate of Pakistan, was an ardent proponent of broaden

Published 21 Sep, 2017 12:00am

SUOWA for removal of PhD faculty from administrative posts

Sindh University Officers' Welfare Association (SUOWA) has called for removal of all the teachers including PhD holders from the administrative posts as per decision given by Sindh High Court Circuit Bench Hyderabad on September 18, 2017. The officers' as

Published 21 Sep, 2017 12:00am

Cotton

Informal suppliers of seeds hinder green revolution: PBIF

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said around 760 national and multinational seed companies are allowed to produce and market seed but the informal sector remains the major seed supplier in the country w

Published 21 Sep, 2017 12:00am

PPP all set to celebrate Bilawal's birthday today

The Pakistan Peoples Party Lahore is all set to celebrate 28th birthday of their beloved leader Bilawal Bhutto on Thursday (today). The party sources said a gathering is being organised in the city minus Bilawal to mark the occasion. They said the party w

Published 21 Sep, 2017 12:00am

Cotton

Textile exports inch up by 8.55 percent during August

Pakistan's textile exports inched up by 8.55 percent during August 2017 to $1.1724 billion from $1.080 billion for the same month of last fiscal year, according to Pakistan Bureau of Statistics (PBS). Official data of the exports of selected commodities d

Published 21 Sep, 2017 12:00am

Elders warn of protest if government fails to control dengue epidemic

Elders of Khalil Qaumi jirga have criticized the Khyber Pakhtunkhwa government for not taking adequate measures to control the dengue epidemic in Peshawar and warned that they would hold protest on main university road if the authorities concerned didn't

Published 21 Sep, 2017 12:00am

Pakistan to face third cycle of UPR on November 13: UN official

Pakistan will face third cycle of the Universal Periodic Review (UPR) on November 13, 2017, said Christine Chung, Human Rights Officer at the Office of the UN High Commissioner of Human Rights in Geneva. As part of the 3rd cycle of the UPR, Pakistan has s

Published 21 Sep, 2017 12:00am

KP revises route permit fees for carriage, good vehicles

The provincial government of Khyber Pakhtunkhwa has issued revised fees (route permit fees) for stage carriages, contract carriages and goods vehicles @ 10 percent enhancement (per year) for the financial year 2017-18, under Head of Account B-02812, with

Published 21 Sep, 2017 12:00am

LHC dismisses petition seeking Kulsoom's disqualification

The Lahore High Court on Wednesday dismissed a petition seeking a life-time disqualification of MNA Kulsoom Nawaz. The court heard the petition as "objection case" and observed that the Supreme Court had already dismissed the petitions against the candida

Published 21 Sep, 2017 12:00am

LDA auctions nine plots

The Lahore Development Authority has auctioned nine plots, including seven commercial and one residential, as well as an education site against a sum of Rs 234.57 million on Wednesday. As many as 20 bidders took part in the open auction of commercial plot

Published 21 Sep, 2017 12:00am

CCPO calls for coordinated security plan for Muharram

Capital City Police Officer (CCPO) Lahore Amin Wains called for devising a coordinated security plan for the city with the assistance of ulema in the wake of the forthcoming month of Muharram-ul-Haram. "Lahore Police will finalise a four-layer security pl

Published 21 Sep, 2017 12:00am

Exchange

Canadian HC hails STEP's efforts: call for enhanced participation of women with disabilities in general elections

Speakers at a roundtable discussion Wednesday called for taking collaborative actions for implementing a comprehensive gender strategy for enhanced participation of persons with disabilities, especially women in 2018 general election.

Published 21 Sep, 2017 12:00am

Tajikistan seeks to strengthen defence, other ties with Pakistan

Tajikistan is keenly interested to further strengthen its ties with Pakistan in multiple areas including defence, security, energy sector, trade and regional connectivity, Ambassador of Tajikistan Sherali Jononov said. The Ambassador who called on Nationa

Published 21 Sep, 2017 12:00am

Exchange

UK trade minister visits Glaxosmithkline Karachi

As a part of his three-day visit to Pakistan, the UK minister for Trade Policy, Greg Hands visited GlaxoSmithKline's factory in Karachi to see first-hand how major British investors, like GSK, are successfully doing business in Pakistan, supporting the

Published 21 Sep, 2017 12:00am

Partly Facetious: Did they really disappear?

"Maryam Nawaz's narrative is that her mum won in NA-120 in spite of many disappeared PML-N workers and in spite of threatening calls to them and that reflects the success of her campaign and..."

Published 21 Sep, 2017 12:00am

KU extends date for degree classes registration

The University of Karachi has extended the last date for submission of registration of B.A/B.Com/B.O.L. and Improvement of division B.A/B.Com /B.Sc. The Controller Examinations Dr Irfan Aziz on Wednesday notified that the last date for submission of Regis

Published 21 Sep, 2017 12:00am

Banking system entering transformation phase, Lawai says

Hussain Lawai, Chief Executive, Institute of Bankers Pakistan (IBP) has said the banking system is the integral part of the economy and it is entering transformation phase because of technological disruption and changing customers' demands. Addressing the

Published 21 Sep, 2017 12:00am

Exchange

IAF to open regional office in Pakistan

International Apparel Federation's first regional office will be inaugurated this month in Sialkot to support Pakistan's fashion industry. For the first time, Han Bekke IAF President and Matthijs Crietee Secretary General IAF will visit Pakistan to inaugu

Published 21 Sep, 2017 12:00am

Seafood export surges to $35.273 million

Pakistan's seafood export surged to $35.273 million in July-August 2018, up by 20 percent, as fishermen continue to relish the bumper fisheries landing. At least 400 small boats bring around Rs 40 million of seafood catch a day to the fisheries harbour, l

Published 21 Sep, 2017 12:00am

One killed in factory explosion

One person was killed on Wednesday as cosmetic factory godown, Shahrah-e-Faisal caught fire after an explosion, the police said. Following the incident, Police, Rangers, Fire brigade and rescue teams reached at the site. Bomb disposal squad was summoned t

Published 21 Sep, 2017 12:00am

TPL Direct Insurance Limited changes to TPL Insurance Limited

TPL Direct Insurance Limited - An insurance company with the heritage of providing phenomenal insurance solutions to its customers, has announced a change in its corporate identity. TPL Direct Insurance Limited will now be TPL Insurance Limited, with its

Published 21 Sep, 2017 12:00am

JS Bank declared 'Best ESG bank'

JS Bank proudly collected the award for the category of the "Best Environmental, Social and Governance Bank (ESG)" at the prestigious Pakistan Banking Awards 2017 that were held on September 19, 2017. The Banking awards ceremony was jointly organized by t

Published 21 Sep, 2017 12:00am

Direct deduction by FBR from Sindh government account irks Murad

Expressing serious concerns over the direct deduction of around Rs 6 billion, including Rs 125,163,514 recently by the Federal Board of Revenue from the account of Sindh government, Sindh Chief Minister Syed Murad Ali Shah has ordered an inquiry into the

Published 21 Sep, 2017 12:00am

EOBI facing problems of less contribution amount, excess in pension payments, minister told

Federal Minister for Overseas Pakistanis & Human Resource Development Pir Sadruddin Shah Rashidi visited the Employees' Old Age Benefits Institution (EOBI) and presided over a high level meeting. Chairman EOBI Khaqan Murtaza welcomed the Minister and pres

Published 21 Sep, 2017 12:00am

Fuel shortage hurts thousands of commuters in Lahore

The petrol shortage has hit Lahore hard, causing commuters to face hardships as almost half of the city's fuel stations remain closed on Wednesday. Hundreds of cars and motorcycles were lined outside the city's fuel stations. Cars were being sold petrol u

Published 21 Sep, 2017 12:00am

Tevta, Nust to cooperate for technical, vocational education

Technical Education and Vocational Training Authority (TEVTA) and National University of Science and Technology (NUST) will cooperate for technical and vocational courses for NUST's Sialkot Campus. A meeting in this regard was held at TEVTA Secretariat wh

Published 21 Sep, 2017 12:00am

Punjab government to set up hi-tech agriculture machine service centre

The Punjab government has decided to set up 'hi-tech agricultural machinery service centre' at a cost of Rs 1.80 billion in collaboration with the private sector to help growers utilising latest technology to increase their farm output. These centers will

Published 21 Sep, 2017 12:00am

Five bills, three resolutions approved by PA

The Punjab Assembly on Wednesday passed five bills including Police Order (Amendment) Bill 2017, The Punjab Destitute & Neglected Children (Amendment) Bill 2017, The Faisalabad Medical University Bill 2017, The Rawalpindi Medical University Bill 2017 and

Published 21 Sep, 2017 12:00am

FBR seeks banks' support to boost filing of IT returns

The Federal Board of Revenue (FBR) has started contacting country's banks and financial institutions as part of an outreach programme to boost the filing of Income Tax returns . As part of the initiative, a team of FBR's Facilitation and Taxpayers Educati

Published 21 Sep, 2017 12:00am

Exchange

President FPCCI welcomes operation of BoC

Engineer Muhammad Saeed Sheikh President Faisalabad Chamber of Commerce & Industry (FCCI) has welcomed the operation of Bank of China in Pakistan and hoped that it will open official channel of business in addition to discouraging the trade through nontra

Published 21 Sep, 2017 12:00am

'International Day of Peace' being marked today

With the theme - "Together for Peace: Respect, Safety and Dignity for All", the International Day of Peace-2017 is being marked here like other parts of the globe on Thursday (September 21) with a resolve to continue efforts for creation of a peaceful and

Published 21 Sep, 2017 12:00am

Government advised not to choose TDAP CEO from business community

The Businessmen Panel (BP) of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has advised the government not to choose Chief Executive Officer (CEO) of Trade Development Authority of Pakistan from the business community as the former

Published 21 Sep, 2017 12:00am

Punjab government to promote agriculture sector on modern lines

Punjab government is spending Rs 2.25 billion during current fiscal period on a plan to promote agriculture sector on modern lines to make it profitable and to enhance productivity in the Province. Sources in Agriculture department told Business Record

Published 21 Sep, 2017 12:00am

Shia Ulema Council appoints 15-member Muharram committee

On the advice of Quaid-e-Millat Jafaria Allama Sajid Naqvi a 15-member Central Muharram-ul-Haram Committee headed by Secretary General Shia Ulema Council Allama Arif Hussain Wahidi has been formed. A press release of Shia Ulema Council said that Syed Sika
Published 21 Sep, 2017 12:00am

Two bone marrow transplants carried out at Lahore Children's Hospital

For the first time, two bone marrow transplantation procedures have been successfully carried out here at Children Hospital which is the first public sector hospital across the country offering bone marrow transplantation. Dean Children Hospital Professor
Published 21 Sep, 2017 12:00am

Exchange
Foreign Minister reiterates Pakistan's support for energizing ECO

The Foreign Minister chaired an informal meeting of the Council of Ministers (COM) of the Economic Cooperation Organization (ECO) in New York on Sep 19, 2017 on the sidelines of the General Assembly session. Underscoring Pakistan's commitment to promoting
Published 21 Sep, 2017 12:00am

Terrorism devastative for future human generations: Bilawal

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari has stressed for global efforts for ensuring international peace to save future human generations from devastative effectives being posed by organized terrorism across the world. In his message on the
Published 21 Sep, 2017 12:00am

Gabol responds with anger to reporter's question

Pakistan Peoples Party (PPP) leader Nabeel Gabol lost his cool over reporter's question about his alleged connections with Muttahida Qaumi Movement (MQM) founder during Lyari operation. During a press conference, when Nabeel Gabol was asked by a reporter
Published 21 Sep, 2017 12:00am

Nisar questions performance of Pakistan diplomats

Former Interior Minister Chaudhry Nisar Ali Khan Wednesday lambasted the government's foreign policy and questioned performance of Pakistani diplomats working in foreign missions. Speaking on the floor of the National Assembly, Chaudhry Nisar Ali Khan sai
Published 21 Sep, 2017 12:00am

SBP, Standard Chartered hold seminar on 'trade-based money laundering'

Standard Chartered Bank Pakistan, in collaboration with State Bank of Pakistan (SBP) conducted a seminar on trade-based money laundering at the Learning & Resource Centre Auditorium, SBP, Karachi attended by over 100 senior officials from across the banki
Published 21 Sep, 2017 12:00am

Parties can be led from London: Mushahidullah

Senior Pakistan Muslim League-Nawaz (PML-N) leader Mushahidullah Khan said on Wednesday that in the past political parties of Pakistan have been led from London, a reference to Altaf Hussain indicating that this could be done by other parties. Speaking in
Published 21 Sep, 2017 12:00am

Pakistan demonstrates sincerity to resolve Kashmir issue: minister

Minister for Defence Khurram Dastgir has said that Pakistan has always demonstrated sincerity to resolve Kashmir issue but India has shown intransigence in this regard. Addressing the concluding ceremony of two-day conference titled 'Changing Security Sit
Published 21 Sep, 2017 12:00am

Public sector procurement management course

A four-day rigorous training program on public sector procurement management was conducted by LUMS in collaboration with Public procurement Regulatory Authority (PPRA) to enhance the capacity of high profile government officers. Around 35 senior governmen
Published 21 Sep, 2017 12:00am

Anti-Pakistan posters: Senate chairman says Swiss envoy should be expelled

Chairman Senate Raza Rabbani on Wednesday hit back at Swiss government's reluctance to take action against terrorist Balochistan Liberation Army (BLA) after it displayed anti-Pakistan posters in its capital, and directed the Foreign Office to expel Swiss
Published 21 Sep, 2017 12:00am

Refund payments after Dar's return from abroad: FBR chief

Federal Board of Revenue (FBR) Chairman Tariq Pasha Wednesday stated that next phase of electronic payment of pending sales tax refunds would take place as and when finance minister would return from abroad. The chairman FBR stated this in response to a q
Published 21 Sep, 2017 12:00am

Professor Rashid's family donates his personal library to GCU

The family members of the late Professor M. Rashid donated his personal library and literary collections to the Government College University (GCU) Lahore at a gracefully ceremony here on Wednesday. Vice Chancellor Professor Dr Hassan Amir Shah, Dean Facu
Published 21 Sep, 2017 12:00am

Exchange
Meeting Rouhani, Abbasi says Pakistan seeks closer ties with Iran

Pakistan on Tuesday stressed maintaining a positive trajectory in bilateral relations for promoting trade and economic cooperation with Iran and added that increased high-level engagements between the two countries was contributing to deepening of mutuall
Published 21 Sep, 2017 12:00am

President for strong Pak-Swiss ties in trade, education

President Mamnoon Hussain on Wednesday stressed strengthening of bilateral trade between Pakistan and Switzerland and emphasised on enhancing ties in cultural and educational fields. The President said this while talking to the Ambassador-designate of Pak
Published 21 Sep, 2017 12:00am

Sales tax exemption

The Federal Board of Revenue (FBR) has exempted sales tax chargeable under Islamabad Capital Territory (Tax on Services) Ordinance, 2001 on export of IT services and IT-enabled services. The FBR's budget instructions (2017-18) issued here on Wednesday rev
Published 21 Sep, 2017 12:00am

Imran says PML-N, PPP should oust Nawaz, Zardari

Chief of Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Wednesday asked Pakistan Muslim League-Nawaz (PML-N) and Pakistan Peoples Party (PPP) to oust Nawaz Sharif and Asif Ali Zardari. Talking to media in Karachi, Imran Khan thanked Hyderabad people for war
Published 21 Sep, 2017 12:00am

KP Assembly condemns violence against Rohingya Muslims

Khyber Pakhtunkhwa Assembly on Wednesday passed unanimous resolution condemning the persecution and ruthless killing of Rohingya Muslims in Myanmar. Through the resolution moved by Provincial Minister for Finance, Muzaffar Said Advocate, the House express
Published 21 Sep, 2017 12:00am

Deputy Speaker's role: KP Assembly opposition stages walkout

The opposition in Khyber Pakhtunkhwa Assembly on Wednesday stage walked out of the proceedings against the biased role of Deputy Speaker Mehr Taj Roghani and ministers for opposing the referring of a question to the standing committee of the House concern
Published 21 Sep, 2017 12:00am

Ship breakers required to pay sales tax at Rs 8,500 PMT

Ship breakers are required to pay sales tax @ Rs 8,500 per metric ton (PMT) which is to be calculated @ 80% of LDT of oil tankers and gas carriers imported for breaking and @72.5% of LDT in case of other ships from July 1, 2017. In this connection, the FB
Published 21 Sep, 2017 12:00am

Australian shares lower; New Zealand up

Australian shares trimmed early losses to close marginally lower on Wednesday, helped by gains in health care and industrial stocks, and as some banks climbed back from heavy falls earlier in the session. The S&P/ASX 200 index fell 0.1 percent, or 4.48 po
Published 21 Sep, 2017 12:00am

Not in a bad place with my captaincy, says Smith

Skipper Steve Smith on Wednesday dismissed suggestions that his captaincy was under threat after a string of disappointing performances by the once all-conquering Australian side. Smith's men were recently tested in a two-match Test series against low-ran
Published 21 Sep, 2017 12:00am

Britain face Spain in 2018 Davis Cup opener

Spain will host Great Britain in the first round of the 2018 Davis Cup, while this year's finalists France and Belgium were drawn against the Netherlands and Hungary respectively on Wednesday. Australia, beaten 3-2 by Belgium in last weekend's semi-final,
Published 21 Sep, 2017 12:00am

Ton-up Bairstow leaves West Indies facing World Cup qualifiers

Jonny Bairstow struck a maiden one-day international hundred as England condemned West Indies to a seven-wicket defeat at Old Trafford on Tuesday that means the twice former champions can no longer gain direct entry to the 2019 World Cup. West Indies, the
Published 21 Sep, 2017 12:00am

Messi hits four as Barca maintain perfect start

Lionel Messi added four more goals to his soaring early season tally as a much-changed Barcelona maintained their 100 percent start to La Liga by routing Eibar 6-1 on Tuesday. Paulinho and Denis Suarez also netted for the second consecutive game as Barca
Published 21 Sep, 2017 12:00am

Kiwi hits 1-1/2 months peak

The New Zealand dollar leapt to a 1-1/2 months high on Wednesday after an opinion poll showed the country's ruling National Party had regained a wide lead over the opposition just three days before a nail-biting general election. Support for the National
Published 21 Sep, 2017 12:00am

Sterling strengthens against dollar

Sterling strengthened against the dollar on Wednesday, as data showing British retail sales unexpectedly surged in August bolstered expectations the Bank of England will lift rates from record lows before year-end. Sterling jumped by almost a cent against
Published 21 Sep, 2017 12:00am

Asian forex South Korean won strengthens

The South Korean won strengthened against the dollar on Wednesday, brushing aside US President Donald Trump's statement that the United States may have to "totally destroy" North Korea. Most other emerging Asian currencies were trading mixed while the dol
Published 21 Sep, 2017 12:00am

Sri Lankan rupee up

The Sri Lankan rupee ended firmer on Wednesday as dollar selling by exporters surpassed mild demand for the greenback from importers, dealers said. The spot rupee ended at 152.70/85 per dollar, compared with Tuesday's close of 153.10/20. "Lack of dollar d
Published 21 Sep, 2017 12:00am

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 80.77-80.77 (previous 80.75-80.75).
Published 21 Sep, 2017 12:00am

Dollar weakens against basket of currencies in New York

The dollar weakened against a basket of currencies on Tuesday in advance of a Federal Reserve meeting where policymakers are expected to decide on shrinking the central bank's $4.2 trillion in bond holdings. The Fed's possible move to roll back stimulus f
Published 21 Sep, 2017 12:00am

Early trade in New York: dollar edges lower before Fed statement

The dollar edged lower on Wednesday, as investors waited to see whether the Federal Reserve would signal it may raise interest rates again later this year even as inflation has remained below its 2 percent goal. The US central bank is expected to release
Published 21 Sep, 2017 12:00am

Dollar close to 2015 lows in Europe; kiwi jumps

The dollar edged towards 2-1/2-year lows hit earlier this month on Wednesday, as investors waited to see whether US ratesetters would signal tighter policy or hold off because of tepid inflation data. The US Federal Reserve concludes a two-day policy meet
Published 21 Sep, 2017 12:00am

Dollar trades sideways in Asian trade

The dollar was on tenterhooks, trading sideways against major rivals on Wednesday as investors awaited the outcome of the Federal Reserve's meeting at which it was expected to announce plans to trim its $4.2 trillion in bond holdings. The dollar index, wh
Published 21 Sep, 2017 12:00am

Sterling weighs on UK's FTSE, Kingfisher shines

A jump in sterling weighed on Britain's major share index on Wednesday, after unexpectedly buoyant retail data for August prompted investors to prepare for an interest rate hike by the bank of England as early as November. With most European stocks tradin
Published 21 Sep, 2017 12:00am

Most Southeast Asian stocks fall; Philippines rises

Most southeast Asian stock markets fell on Wednesday as investors trimmed positions ahead of the outcome of a US Federal Reserve meeting, while Philippines rose as hopes of a tax reform package boosted sentiment. The Fed is due to announce its decision at
Published 21 Sep, 2017 12:00am

Exchange
TSX hits six-week high

Canada's main stock index rose to six-week highs on Tuesday, buoyed by a broad rally led by financial and energy stocks, as investors cautiously awaited for clues from the US Federal Reserve on its next move. The financial sector, which accounts for about
Published 21 Sep, 2017 12:00am

M&A, Spain turmoil liven up Europe stocks

Deal-making and political turmoil in Spain livened up a flat session in Europe' stock markets on Wednesday as investors awaited pointers from the Federal Reserve on the US interest rate outlook. While caution dominated the broader market, Spanish stocks w
Published 21 Sep, 2017 12:00am

China stocks soar

China stocks edged higher on Wednesday, bolstered by strong gains in consumer stocks and "new energy" car manufacturers, with sentiment propped up improving business confidence and expectations that Beijing will maintain stability in financial markets ahe
Published 21 Sep, 2017 12:00am

Russia's B&N bank seeks bailout

B&N Bank, Russia's 12th biggest lender by assets, on Wednesday asked the central bank for a bailout, less than a month after another major Russian bank had to be rescued. "The owner of B&N Bank has asked the Bank of Russia to consider the possibility of a
Published 21 Sep, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / May 13

281.73

USD PKR Interbank Buying / May 13

281.53

USD to Japanese Yen / May 13

147.10

USD to Swiss Franc / May 13

0.84

Pound Sterling to USD / May 13

1.33

Euro to USD / May 13

1.12

UK LIBOR % / May 13

4.96

Stock Volume

S&P 500 / May 13

5,886.55

India Sensex / May 13

81,148.22

Tokyo Nikkei / May 13

37,897.71

Nasdaq / May 13

19,010.09

Hang Seng / May 13

23,441.04

FTSE 100 / May 13

8,602.92

Dow Jones / May 13

42,140.43

Germany DAX 30 / May 13

23,638.56

France CAC40 / May 13

7,873.83

Item Value

Crude Oil USD/Barrel / May 13

63.36

Karachi Cotton PKR/37.32 KG / May 13

16,985

Gold 10 Grams PKR / May 13

295,096

Gold Spot USD/Ounce / May 13

3,227.76

Cotton US¢/pound / May 13

66.61

Petrol/Litre / May 14

252.63

Diesel/Litre / May 14

256.64

Gainers
Losers
Leaders

Stock Price

Grays Leasing / May 13

Grays Leasing Limited(GRYL)

4.51

▲ 0.72 (19%)

TPL Trakker Ltd / May 13

TPL Trakker Limited(TPLT)

6.59

▲ 1 (17.89%)

Al-Shaheer Corp / May 13

Al Shaheer Corporation Limited(ASC)

6.88

▲ 1 (17.01%)

B. F. Mod. / May 13

B.F. Modaraba(BFMOD)

8.34

▲ 1 (13.62%)

Burj Clean Energy Modaraba / May 13

Burj Clean Energy Modaraba(GEM)(GEMBCEM)

9.11

▲ 1 (12.33%)

Mahanna Islamic Index / May 13

Mahanna Islamic Index Traded Fund(MIIETF)

15.47

▲ 1.65 (11.94%)

Haseeb Waqas / May 13

Haseeb Waqas Sugar Mills Limited(HWQS)

9.59

▲ 1 (11.64%)

Gulshan Sp. / May 13

Gulshan Spinning Mills Limited(GSPM)

3.40

▲ 0.35 (11.48%)

Ghazi Fabrics / May 13

Ghazi Fabrics International Limited(GFIL)

10.17

▲ 1 (10.91%)

PIA Holding Co.Ltd / May 13

PIA Holding Company Limited(PIAHCLA)

14.80

▲ 1.35 (10.04%)

Stock Price

Power Cem(Pref) / May 13

Power Cement (Pref)(POWERPS)

15.35

▼ -1.71 (-10.02%)

Bilal Fibres / May 13

Bilal Fibres Limited(BILF)

19.59

▼ -2.18 (-10.01%)

TPL Life Insur. / May 13

TPL Life Insurance Limited(TPLL)

46.80

▼ -5.2 (-10%)

Din Tex. / May 13

Din Textile Mills Limited(DINT)

45

▼ -4.99 (-9.98%)

Mughal Energy / May 13

Mughal Energy Limited(GEM)(GEMMEL)

19.90

▼ -2.12 (-9.63%)

Suhail Jute / May 13

Suhail Jute Mills Limited(SUHJ)

78.36

▼ -8.24 (-9.52%)

First Punjab Modaraba / May 13

First Punjab Modaraba(FPJM)

2.77

▼ -0.28 (-9.18%)

Parmount Sp. / May 13

Paramount Spinning Mills Limited(PASM)

3.36

▼ -0.31 (-8.45%)

First AL-Noor Mod. / May 13

First Al-Noor Modaraba(FANM)

2.95

▼ -0.25 (-7.81%)

First IBL Mod. / May 13

First IBL Modaraba(FIBLM)

3

▼ -0.24 (-7.41%)

Stock Volume

WorldCall Telecom / May 13

Worldcall Telecom Limited(WTL)

41,734,903

▼ -0.06

Maple Leaf Cement / May 13

Maple Leaf Cement Factory Limited(MLCF)

41,052,877

▲ 6.27

Sui South Gas / May 13

Sui Southern Gas Company Limited(SSGC)

35,773,773

▲ 2.33

Oil & Gas Dev. / May 13

Oil & Gas Development Company Limited(OGDC)

30,912,153

▲ 15.65

B.O.Punjab / May 13

The Bank of Punjab(BOP)

24,175,098

▼ -0.16

Cnergyico PK / May 13

Cnergyico PK Limited(CNERGY)

24,174,880

▼ -0.09

K-Electric Ltd. / May 13

K-Electric Limited(KEL)

23,803,446

▼ -0.22

At-Tahur Ltd. / May 13

At-Tahur Limited(PREMA)

21,754,749

▼ -3.25

Fauji Cement / May 13

Fauji Cement Company Limited(FCCL)

20,681,855

▲ 1.82

D.G.K.Cement / May 13

D.G. Khan Cement Company Limited(DGKC)

19,785,523

▲ 10.35

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Buying rally continues at bourse, KSE-100 settles with nearly 1,300-point gain

Rupee posts marginal gain against US dollar

Cement: Not a sprint

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

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

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

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

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

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