News Archives for Print - 2017-10-08

Print - 2017-10-08

Need for income tax law - III

Part 2 - Special Cases

Published 08 Oct, 2017 12:00am

Canada expects crude-by-rail boom as pipeline project collapses

TransCanada Corp's decision this week to scrap its $12 billion Energy East pipeline and delays to other export pipeline projects look set to increase producers' reliance on costly crude-by-rail to bring barrels to market. Calgary-based TransCanada said on

Published 08 Oct, 2017 12:00am

The IS challenge

How incredible is the news that just after sunrise outside Syria's Raqa, dozens of Islamic State group jihadists donned Kurdish military uniforms, piled into cars with weapons, and broke back into a district they lost control of months ago. According to a

Published 08 Oct, 2017 12:00am

APBF for improving food security through stable economic growth

The All Pakistan Business Forum (APBF) has called for improving food security in the country by achieving stable economic growth, as Pakistan is facing chronic food insecurity due to insufficient agriculture production, political instability and corruptio

Published 08 Oct, 2017 12:00am

Key suspect in MDCAT scam nabbed

Federal Investigation Agency (FIA) on Saturday arrested the prime suspect involved in leaking Medical and Dental College Admission Test (MDCAT) 2017 papers from Multan Airport. The Agency also seized travel documents from the accused, who was trying to fl

Published 08 Oct, 2017 12:00am

Fresh polls only solution for current political crisis: PTI

Pakistan Tehreek-e-Insaf (PTI) Information Secretary Shafqat Mahmood has claimed that ousted Prime Minister Nawaz Sharif is seeking political martyrdom in order to make a ground for a martial law in the country. "New general election is the only solution

Published 08 Oct, 2017 12:00am

No great honour than to serve country, says outgoing CNS

Outgoing chief of the Navy Staff Admiral Zakaullah has said on his farewell address on Saturday that there is no greater honour than to have been associated with such a noble profession. While addressing the ceremony organised at PNS Zafar, he thanked Alm

Published 08 Oct, 2017 12:00am

Ailing Pakistanis: India to grant medical visas

The Indian government will grant medical visas to two ailing Pakistani nationals including a three-year-old girl who needs an open heart surgery, officials said Saturday. The confirmation was given by Indian Foreign Minister Sushma Swaraj. Swaraj took to

Published 08 Oct, 2017 12:00am

Hyderabad SITE Association's office-bearers

The general body of Hyderabad SITE Association of Trade and Industry has elected Seth Saman Mal as the new chairman of the association. According to announcement here on Saturday, besides Seth Saman Mal, the general body also elected Faheem Noorwala and K

Published 08 Oct, 2017 12:00am

Continuing political instability hurts small businesses: traders

The relentless political instability in Pakistan continues to cause stagnation to the small businesses with no immediate spur, traders said on Saturday. They said that small scale businesses reel from the country's stagnant economy with the finance minist

Published 08 Oct, 2017 12:00am

Customs value of edible sauces revised

Directorate General Customs Valuation (DGCV) has revised the customs values of different edible sauces under section 25-A of the Customs Act 1969. The customs values of sauces/salad dressing/mayonnaise/ mustard and tomato ketchup were earlier determined t

Published 08 Oct, 2017 12:00am

Education only weapon to defeat evils spread: Bilawal

Pakistan Peoples' Party Chairman Bilawal Bhutto Zardari has said that he wants every child, whether boy or girl, should be enrolled for education in Sindh and rest of the country. "Education is the only weapon to defeat evils spread by ignorance and illit

Published 08 Oct, 2017 12:00am

FPCCI's schedule for 2018 election

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has announced the schedule for annual election for 2018. According to the schedule the election of president, senior vice president and vice presidents will be held on December 29, 2017.

Published 08 Oct, 2017 12:00am

Pakistan International Trade Fair: over 300 local, international exhibitors to participate: Gohar

Pakistan International Trade Fair (PITF) will prove to be a gateway for Pakistani industries to global markets as 300 companies including 100 international firms have confirmed their participation in it. "The four-day international exhibition-PITF will be

Published 08 Oct, 2017 12:00am

Heatwave affects trade activities in Karachi

Heat wave on Saturday battered the city with a maximum 41 degree Celsius, leaving business activities severely affected, according to traders. Karachi's temperature is expected to reach 39 degree Celsius in the next 24 hours, as the Met Office has warned

Published 08 Oct, 2017 12:00am

KP offers incentives for investment in hydropower sector

The provincial government of Khyber Pakhtunkhwa is offering attractive incentives to domestic and foreign investors for increasing the production of hydel power sector to another 5000 megawatt in next five years. According to draft Khyber Pakhtunkhwa Inve

Published 08 Oct, 2017 12:00am

Delay in Fata reforms: Fata students to stage sit-in today

The students' organizations in Fata on Saturday decided to make an impressive participation in the planned sit-in outside the Parliament House on October 9, to protest the delay in implementation of the Fata reforms. Talking to reporters here in Khar, All

Published 08 Oct, 2017 12:00am

Moot on 'post-colonial higher education' to be held on October 14

Habib University (HU) is holding its third postcolonial higher education conference on October 14th here at varsity's campus, the HU spokesperson said in a statement on Saturday. She said the varsity's unique flagship conference aims to highlight the spec

Published 08 Oct, 2017 12:00am

PCA demands incentives for computer industry

Unwise government policies and uncertain political situation has proved detrimental for the country's computer industry, which is facing serious challenges to its survival. Leading computer traders of the country on Saturday got together here in the feder

Published 08 Oct, 2017 12:00am

Educational institutions: KP government urge to help reduce fee

Students of various educational institutions have expressed grave concern over the increasing ratio of various kinds of fee and demanded of the provincial government to reverse the increase in fee and facilitate the poor students to get admissions. Speaki

Published 08 Oct, 2017 12:00am

AML gears up for general elections

Awami Muslim League (AML) has announced to fully participate in the upcoming general elections and would contest its candidates in both national and provincial assembly. This was stated by the party Central Secretary General, Ghazala Mehmood while address

Published 08 Oct, 2017 12:00am

Crime rate up in Islamabad

Incidents of robberies and car theft increased in the federal capital last week, belying the tall claims of police that the ratio of crime has slashed in the metropolis. According to the data gathered by Business Recorder through registered FIRs, o

Published 08 Oct, 2017 12:00am

Punjab government sets up 11 'Khidmat' centres

The Punjab government has set up 11 Khidmat Centres in the province to facilitate people in availing government services under one-roof. These centres are a public facilitation and service centers. The concept is to integrate all government services under

Published 08 Oct, 2017 12:00am

Regi Qaumi Ittehad urges probe into joint property's affairs

Representatives of Regi Qaumi Ittehad have expressed serious concern over the sale of a vast piece of joint land property by some influential people to a housing authority and demanded probe into the matter to ensure justifiable distribution of shares.

Published 08 Oct, 2017 12:00am

Four-year BS programme launched in Landi Kotal

Four years BS degree programme has been launched in the Government Boys' Degree College, Landi Kotal on Saturday. According to education department of FATA, an initial stage BS will be available in the college in two subjects, Urdu and Chemistry. In this

Published 08 Oct, 2017 12:00am

Delay in approving dengue vaccine adds to people's woes

As many as 1,279 patients have been verified and affected by dengue in the country in recent epidemic while the government is delaying the approval of vaccine which can give 10 years protection against dengue. Sources informed that vaccine against dengue

Published 08 Oct, 2017 12:00am

FBR receives only 215,000 tax returns by September 30

The Federal Board of Revenue received merely 215,000 tax returns out of 1.2 million taxpayers in the country by 30th September 2017, a deadline set for filing of tax returns, said sources. This awkward situation has led to the extension of last date for f

Published 08 Oct, 2017 12:00am

'South Asia can benefit a lot from CPEC'

'South Asia for being energy deficient region can drive benefits from the China-Pakistan Economic Corridor (CPEC) by using Central Asia's huge gas and oil resources.' Talking to Chinese furniture makers' delegation, life member of SAARC Chamber of Commerc

Published 08 Oct, 2017 12:00am

Law minister meets Shahbaz

Federal law minister Zahid Hamid called on the Punjab chief minister Muhammad Shahbaz Sharif, here on Saturday and discussed matters of mutual interest. Sources said that matters pertaining to Election Bill 2017 also came under discussion during the meeti

Published 08 Oct, 2017 12:00am

Crackdown against unauthorized car number plates intensified

The city police have intensified crackdown against the use of unauthorized number plates displayed on the vehicles by engaging and providing screw drivers and other mechanical tools to the Dolphin squad for removal of such plates.

Published 08 Oct, 2017 12:00am

Scholarships worth Rs 12 billion awarded among needy students: Shahbaz

Punjab Chief Minister Shahbaz Sharif on Saturday said the Punjab government has distributed education scholarships of worth 12 billion rupees among the needy students and by the end of this year the students benefited from this project will increase to 35

Published 08 Oct, 2017 12:00am

Interest-free loan for 173,000 small growers

The Punjab Agriculture Department has disbursed interest-free loans to 173,000 small growers during the last 10 months under Khadim-e-Punjab Kissan Package. The department is offering Rs 40,000 per acre for Kharif and Rs 25,000 per acre for Rabi crops and

Published 08 Oct, 2017 12:00am

Snap polls won't be in interest of democracy: Sherpao

Chairman Qaumi Watan Party (QWP) Aftab Ahmad Khan Sherpao said that snap polls will not be in the interests of democratic process. He said that the parliament should complete its term and the general elections should be held accordance the schedule. He wa

Published 08 Oct, 2017 12:00am

'International sports science conference'begins

The first international three days sports science conference has started in Islamabad, sports scientist from 13 different countries are participating in the conference. In a press statement issued by Abdul Wali Khan University here on Saturday said that t

Published 08 Oct, 2017 12:00am

Alternative energy progress in Pakistan

Government of Pakistan is taking serious measures to harness the available Renewable Energy (RE) potential of the country to diversify its energy mix and ensure energy security and sustainable development in the country. In this regard, Alternative Energy

Published 08 Oct, 2017 12:00am

Siraj urges government to fully support Kashmiris' struggle

Chief of Jamaat-e-Islami, Senator Sirajul Haq, has stressed upon the government to fully support the Kashmiris liberation struggle in accordance with the sentiments of the nation and give up all efforts to befriend India. While addressing the Azad Kashmir

Published 08 Oct, 2017 12:00am

Need for pursuing entrepreneurial subjects highlighted

Many young Pakistanis have such an inherent creative glimmer that continues to enable them in utilizing their promise and potential towards life and career excellence and for a better and brighter Pakistan. Imagine an interactive event "National Mission -

Published 08 Oct, 2017 12:00am

Substandard mobile oil: minister directs distribution firms to ensure ban on sale

Punjab Minister for Environment Protection, Begum Zakia Shahnawaz has directed the petroleum products distribution companies to ensure ban on sale of substandard or recycled mobile oil under the Environment Act, as usage of substandard/recycled petroleum

Published 08 Oct, 2017 12:00am

Exchange

Textile exporters hail government's incentive package

The value-added textile export associations hailed the Economic Co-ordination Committee (ECC) of the Cabinet on approval of export package for 2017-18 which will provide 50 percent of the export package incentive for eligible textile and non-textile secto

Published 08 Oct, 2017 12:00am

Going against the grain: why Russia was pessimistic over its record crop

A desire to support local grain prices has been a key factor in the rare situation of Russian officials being among the last in the global agriculture industry to say Russia's 2017 grain crop would hit a record, analysts and sources said. Some countries a

Published 08 Oct, 2017 12:00am

Ex-Louis Dreyfus grain traders launch new trading business

A group of senior European and Black Sea grain traders who left Louis Dreyfus at the end of August plan to launch a new business in Switzerland targeting the Ukrainian market, three sources with knowledge of the matter said. The business, called Sierentz

Published 08 Oct, 2017 12:00am

China to import more corn to meet ethanol fuel use: analyst

China could import up to 20 million tonnes of corn a year, more than six times the current level, to meet a switch to greater use of ethanol in fuel, an analyst predicted on Thursday. Beijing plans to roll out a gasoline known as 'E10' - containing 10 per

Published 08 Oct, 2017 12:00am

Cotton

Indian state to inspect cultivation of Monsanto's unapproved GM cotton

A top Indian cotton-producing state has ordered an inspection of fields planted with an unapproved variety of genetically modified seeds developed by Monsanto, which is fighting to retain its market in the world's biggest grower of the fibre. Farmers in A

Published 08 Oct, 2017 12:00am

Exchange

October raw sugar delivery totals 1.1 million tonnes

Wilmar International Ltd, Alvean and Raizen Energia S.A. scooped up 21,098 lots, or 1.1 million tonnes, of raw sugar against the October contract that expired on Friday, according to exchange data and traders. The sugar was due from Brazil, ICE Futures US

Published 08 Oct, 2017 12:00am

Cotton

Cotton rises on potential impact from Storm Nate

ICE cotton futures edged up on Friday, supported by worries about the potential impact of Tropical Storm Nate on the natural fibre crop but gains were limited as the system was not expected to cause damage in major producing regions Texas and Georgia. Cot

Published 08 Oct, 2017 12:00am

Zimbabwe maize reserves at 17-year high

Zimbabwe's maize reserves have hit one million tonnes, the highest in more than 17 years, state media reported on Tuesday, after the southern African nation produced surplus maize. Last year, Zimbabwe was hit by a devastating drought that left millions in

Published 08 Oct, 2017 12:00am

Exchange

Funds boost bullish wagers on US crude oil for third straight week

Hedge funds and money managers modestly raised their bullish bets on US crude for the third time in a row, data showed on Friday, even as prices slipped on worries of oversupply amid increased US production and exports. The speculator group raised its com

Published 08 Oct, 2017 12:00am

Brazil coffee sector sees 'super crop' prospect gone with drought

Brazilian coffee analysts, producers and cooperatives are backtracking on earlier forecasts that the world's largest producer will see its biggest crop in 2018, as a harsh drought in top producing regions takes its toll. Traditional coffee regions such as

Published 08 Oct, 2017 12:00am

Green Pool lifts forecast for 2017-2018 sugar surplus

The global sugar market faces a surplus of 7.14 million tonnes in the 2017/18 season due to a sharp rise in production, Australia-based analyst Green Pool said on Wednesday. The group raised its global surplus forecast for 2017/18 from a previous 5.55 mil

Published 08 Oct, 2017 12:00am

Climate change threatens Latin America coffee producers

Climate change is threatening the Latin American zones most favorable for growing coffee, according to a study out Monday that warns seed production could drop by nearly 90 percent by 2050. The study suggests high quality coffees are most at risk - with A

Published 08 Oct, 2017 12:00am

Merkel pushes for three-way 'Jamaica' coalition in Germany

German Chancellor Angela Merkel urged her conservatives on Saturday to forge a three-way alliance with the pro-business Free Democrats (FDP) and the Greens, her most explicit backing yet for the so-called "Jamaica" coalition. Merkel, who won a fourth term

Published 08 Oct, 2017 12:00am

Turkey-backed rebels in new Syria operation: Erdogan

Turkish President Recep Tayyip Erdogan on Saturday announced pro-Ankara Syrian rebels were launching a new military operation in Syria's northwestern Idlib province to push out the jihadists who control the region. The move comes as Turkey, along with Rus

Published 08 Oct, 2017 12:00am

Trump reaches out to Democrats to do 'great' healthcare bill

US President Donald Trump said on Saturday that he had called the top Senate Democrat to probe interest in working on a "great" healthcare bill to replace Obamacare, after his fellow Republicans' failed attempts to roll back the law. Senate Democratic Lea

Published 08 Oct, 2017 12:00am

Mexico military helicopter crashes, seven presumed dead

A Mexican military helicopter crashed on Friday in the northern state of Durango, seriously injuring one military member aboard and likely killing seven others, the defense ministry said in a statement. The helicopter, a Bell 412 model, crashed 4 kilomete

Published 08 Oct, 2017 12:00am

Rouhani defends nuclear deal, says Trump can not undermine it

Iranian President Hassan Rouhani defended the nuclear deal with Western powers Saturday and said that US President Donald Trump could not undermine it. Under the 2015 deal, Iran agreed to limit its disputed nuclear programme in return for the easing of ec

Published 08 Oct, 2017 12:00am

Mexican federal agent shot dead with mother; mayor killed

A federal intelligence agent and his mother were killed when assailants opened fire on their car in northern Mexico, an attack that came hours after a mayor in western Michoacan state was gunned down outside his home, officials said. While the killers in

Published 08 Oct, 2017 12:00am

Mexican photojournalist found dead

A photojournalist who received threats over his work has been found dead in northern Mexico a day after he was kidnapped, officials said Friday, making him the 11th journalist killed in the country this year. The government's Mechanism to Protect Journali

Published 08 Oct, 2017 12:00am

Exchange

Time not yet 'right' for Sudan talks on terror blacklist: US

The top US envoy in Sudan said Saturday that conditions have to be "right" for holding talks with Khartoum on removing it from Washington's blacklist of state sponsors of "terrorism". US charge d'affaires to Khartoum Steven Koutsis' remarks came a day aft

Published 08 Oct, 2017 12:00am

Malaysia arrests eight over suspected terror links

Malaysia has arrested four foreigners and four Malaysians for suspected involvement in terrorist activities linked to Abu Sayyaf, the Islamic State and Jemaah Islamiah, the police said on Saturday. Among the foreigners arrested were three Filipinos, one o

Published 08 Oct, 2017 12:00am

US to sell $15 billion THAAD missile defence to Saudi Arabia

The US government has approved the sale to Saudi Arabia of the advanced Terminal High Altitude Area Defence (THAAD) missile defence system for $15 billion, the State Department said Friday. "This sale furthers US national security and foreign policy inter

Published 08 Oct, 2017 12:00am

Swiss police kill Sri Lankan asylum seeker brandishing knives

Swiss police said Saturday that an officer had shot and killed a Sri Lankan man after the man lunged at other asylum seekers wielding two knives. The 38-year-old asylum seeker was mortally wounded at around 2:00 am (0000 GMT) Saturday after he tried to st

Published 08 Oct, 2017 12:00am

Man held after people hurt in crash near London museum

Police detained a man near London's Natural History Museum on Saturday after a vehicle apparently drove into pedestrians at a busy tourist spot, injuring a number of people. Witnesses and footage posted on social media suggested the man was pinned down on

Published 08 Oct, 2017 12:00am

Spaniards take to streets as Catalonia independence tensions rise

Tens of thousands of people gathered in Madrid and Barcelona on Saturday morning as Catalonia prepared to declare independence, many dressed in white and calling for talks to defuse Spain's worst political crisis for decades. The wealthy northeastern regi

Published 08 Oct, 2017 12:00am

Exchange

North Korea preparing long-range missile test: Russian lawmaker

North Korea is preparing to test a long-range missile which it believes can reach the west coast of the United States, a Russian lawmaker just returned from a visit to Pyongyang was quoted as saying on Friday. Anton Morozov, a member of the Russian lower

Published 08 Oct, 2017 12:00am

Pakistan fight after Sri Lanka set imposing target

Sri Lankan opener Dimuth Karunaratne hit a career best 196 which left Pakistan fighting to avoid defeat in the second day-night Test in Dubai on Saturday. Karunaratne missed a double hundred by four runs but lifted Sri Lanka to an imposing 482 in their fi

Published 08 Oct, 2017 12:00am

Unfit Amir ruled out of ODI series

Pakistan's pace spearhead Mohammad Amir was ruled out of the five-match one-day series against Sri Lanka after suffering a shin injury during the ongoing second Test in Dubai on Saturday. Pakistan Cricket Board said the 25-year-old had an MRI scan, after

Published 08 Oct, 2017 12:00am

South Korean scores own-goal double in Russia friendly win

Kim Joo-Young scored two own goals in two minutes as Russia beat South Korea 4-2 in Moscow on Saturday in their first game since the Confederations Cup. Krasnodar forward Fedor Smolov and Lokomotiv Moscow midfielder Alexei Miranchuk also scored for the 20

Published 08 Oct, 2017 12:00am

Yadav inspires India to big win in rain-hit T20

Spinner Kuldeep Yadav led an inspired bowling effort to help India down Australia by nine wickets in the rain-shortened first Twenty20 international in Ranchi on Saturday. Chasing a revised target of 48 runs in six overs, the hosts achieved the win with t

Published 08 Oct, 2017 12:00am

Spain punch World Cup ticket, Serbia made to wait

Heavyweights Spain qualified for the 2018 World Cup with a routine 3-0 home win over Albania, but Serbia must wait to seal to their place following a 3-2 loss in Austria. Rodrigo, Isco and Thiago Alcantara all scored inside the first 30 minutes in Alicant

Published 08 Oct, 2017 12:00am

Runners hit the desert for Tunisia's first ultra-marathon

Dozens of runners headed into Tunisia's desert at dawn on Saturday for the North African country's first ever ultra-marathon. The 100-kilometre (60-mile) Ultra Mirage El Djerid race, with a course skirting the Sahara desert's biggest salt lake, attracted

Published 08 Oct, 2017 12:00am

Norway to pay male and female internationals equally

A new agreement between Norway's football association and the country's international players will lead to men and women receive the same financial compensation for representing their country, with the men making a financial contribution to the women's te

Published 08 Oct, 2017 12:00am

Rabada takes South Africa to brink of series victory

South Africa's fast bowlers ripped through Bangladesh's batting as the home side gained a massive 426-run first innings lead on the second day of the second and final Test at Mangaung Oval on Saturday. Bangladesh were bowled out for 147 in reply to South

Published 08 Oct, 2017 12:00am

Kerb

Dream comes true as tearful Halep powers to number one

Emotional Simona Halep called it the best day of her life as she surged to number one in the world for the first time after reaching the China Open final on Saturday. The Romanian, who said her next goal was to win a maiden Grand Slam, defeated Latvia's J

Published 08 Oct, 2017 12:00am

Nadal reaches fourth China Open final

World number one Rafa Nadal beat Bulgarian Grigor Dimitrov 6-3 4-6 6-1 in the China Open semi-finals on Saturday to reach his ninth final of the year. The 16-times grand slam winner will take on Australian Nick Kyrgios in Sunday's final as the eighth seed

Published 08 Oct, 2017 12:00am

Currency

Asia FX sentiment sours as hawkish Fed signals support dollar

Sentiment towards most emerging Asian currencies soured in the last two weeks as the US dollar rallied on growing expectations that the Federal Reserve will hike interest rates later this year, a Reuters poll showed. Investors were estimated to have reduc

Published 08 Oct, 2017 12:00am

Currency

Commerzbank, other banks join UBS and IBM trade finance blockchain

Commerzbank AG, Bank of Montreal, Erste Group Bank AG and CaixaBank SA have joined an initiative launched by UBS Group AG and IBM Corp aimed at building blockchain-based technology to support trade finance transactions. The platform called Batavia would h

Published 08 Oct, 2017 12:00am

Australia, New Zealand dollars seen stuck in a rut for some time to come

The Australian dollar is seen stuck at current levels over the next year, while its New Zealand cousin will likely inch higher, according to a Reuters poll that predicted a remarkably flat future for the two currencies. The survey of 50 analysts predicted

Published 08 Oct, 2017 12:00am

Currency

Speculators cut bearish bets on dollar from five-year high, remain short

Speculators cut their bearish bets on the US dollar from the previous week, which showed the highest level in net-short contracts in five years, but held their negative bias for the US currency. The value of the dollar's net short position was $16.83 bill

Published 08 Oct, 2017 12:00am

Currency

Nigeria central bank injects $195 million into currency market

Nigeria's central bank said on Tuesday it had injected $195 million into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages. The bank said it had released $100 million earmarked for the wholesale mar

Published 08 Oct, 2017 12:00am

Currency

Dollar drops on North Korea fears, offsetting wage data boost

The US dollar tumbled on Friday on a report that North Korea is preparing to test a long-range missile, overturning earlier gains after the government's jobs report for September showed an unexpected rise in wages. RIA news agency cited a Russian lawmaker

Published 08 Oct, 2017 12:00am

Currency

Sterling to coast as it rides out Brexit waves

Market speculators are likely to keep their sterling positions steady this month, according to a plurality of respondents in a Reuters poll which predicted the currency will trade around where it is now against the euro and dollar in a year. Sterling was

Published 08 Oct, 2017 12:00am

Currency

Canadian dollar recovers

The Canadian dollar strengthened against its US counterpart on Friday, recovering from a five-week low, after domestic data showed a pickup in wages and reduced worries that the economy will slow in the second half of the year. The Canadian economy added

Published 08 Oct, 2017 12:00am

Currency

Rand leads emerging market currencies lower

Emerging currencies broadly weakened on Thursday, with South Africa's rand down 0.3 percent against a marginally firmer dollar, after a stark warning from the central bank over the government's failure to tackle corruption. JPMorgan's currency index, the

Published 08 Oct, 2017 12:00am

Currency

Rand leads emerging market currencies lower

Published 08 Oct, 2017 12:00am

Currency

In Mugabe's Zimbabwe, hard currency just got a whole lot harder

After defying economic gravity for a year, Zimbabwe's homemade US dollars have fallen to earth with a bump. Rumours the central bank was buying up black market US dollars last month with one of its own versions of the currency created panic in a country s

Published 08 Oct, 2017 12:00am

Exchange

S&P 500 breaks record run on jobs data, drug chain drop

The S&P 500 eased on Friday, ending a six-day run of record highs as the first monthly decline in US nonfarm jobs in seven years dampened sentiment and pharmacy shares fell on Amazon competition fears. The Nasdaq ended up for a ninth straight day, however

Published 08 Oct, 2017 12:00am

Currency

Laos prints its largest, longest sovereign bond issue

The Lao People's Democratic Republic successfully completed its largest and longest bond issue, with a 14 billion baht ($419 million) six-tranche offering in the Thai debt capital markets. Not only did the sovereign offering beat the 12 billion baht issue

Published 08 Oct, 2017 12:00am

Currency

Laos prints its largest, longest sovereign bond issue

Published 08 Oct, 2017 12:00am

Russia's Promsvyazbank bought back $450 million of bonds

Promsvyazbank, Russia's tenth largest lender by assets, bought back $450 million worth of its subordinated Eurobonds from the market in September, the head of the bank's financial markets unit said on Thursday. Promsvyazbank, also known as PSB, said late

Published 08 Oct, 2017 12:00am

Russia's Promsvyazbank bought back $450 million of bonds

Published 08 Oct, 2017 12:00am

Currency

Brexit worries to keep Britain's FTSE in limbo

Britain's blue chip FTSE 100 index will move little for the rest of the year and only drift higher in 2018, lagging Europe as uncertainties over Brexit negotiations bite investor sentiment, a Reuters poll showed on Thursday. While Britain's FTSE has enjoy

Published 08 Oct, 2017 12:00am

Exchange

Share price fall deflates Pirelli's market comeback

Shares in Italy's Pirelli fell on Wednesday on the tyremaker's return to the Milan stock exchange two years after it was taken over by China National Chemical Corp (ChemChina). The stock fell as much as 3.4 percent during the day, with a trader saying tha

Published 08 Oct, 2017 12:00am

Exchange

TSX stumbles as oil price slump hit energy stocks

Canada's main stock index retreated on Friday after touching a seven-month high in the previous session, as energy stocks, hurt by 3 percent drop in oil prices, drove the weaker finish. The Toronto Stock Exchange's S&P/TSX composite index fell 47.98 point

Published 08 Oct, 2017 12:00am

Exchange

Dutch company TMF to unveil London IPO

Dutch business services firm TMF Group plans to float its shares on the London Stock Exchange in an initial public offering to be unveiled later this week, a source with knowledge of the deal told Reuters on Wednesday. The source said he could not verify

Published 08 Oct, 2017 12:00am

Exchange

Dutch company TMF to unveil London IPO

Published 08 Oct, 2017 12:00am

Run-up in global stocks still has some momentum left

Global stocks will rise even more over the coming year as optimism about the global economy grows, but a slim majority of equity strategists polled by Reuters also said the current eight-year bull run will end in 2018. World shares hit their latest in a r

Published 08 Oct, 2017 12:00am

Japan, Thailand stocks post highest Asia gains in September

Japanese and Thai shares posted the largest gains among Asia-Pacific equities in September, buoyed by confidence in economic conditions in the respective countries. The Nikkei index surged 3.61 pct for the month to hit a 26-month closing high while Thaila

Published 08 Oct, 2017 12:00am

Walt Disney makes Maple bond debut with Canadian $1.25 billion deal

Walt Disney Co sold C$1.25 billion of seven-year senior unsecured Maple notes on Tuesday, the company's first issue in the Canadian-dollar denominated Maple bond market, which has seen a number of high profile deals in recent months. The private placement

Published 08 Oct, 2017 12:00am

Walt Disney makes Maple bond debut with Canadian $1.25 billion deal

Published 08 Oct, 2017 12:00am

Exchange

Treasury outlines sweeping reform of capital markets

The US Treasury on Friday unveiled a blueprint for sweeping reforms of the US capital markets as it looks to implement Republican President Donald Trump's agenda to promote economic growth by slashing red tape. The report recommends a raft of measures to

Published 08 Oct, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.37
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
India Sensex / May 9	79,454.47
Tokyo Nikkei / May 9	37,503.33
Nasdaq / May 9	17,928.92
Hang Seng / May 9	22,867.74
FTSE 100 / May 9	8,554.80
Dow Jones / May 9	41,249.38
Germany DAX 30 / May 9	23,499.32
France CAC40 / May 9	7,743.75

Item	Value
Crude Oil USD/Barrel / May 9	61.02
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Gold Spot USD/Ounce / May 9	3,324.98
Cotton US¢/pound / May 9	66.61
Petrol/Litre / May 10	252.63
Diesel/Litre / May 10	256.64

Gainers
Losers
Leaders

Stock	Price
First AL-Noor Mod. / May 9 First Al-Noor Modaraba(FANM)	3 ▲ 0.67 (28.76%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.15 ▲ 0.72 (16.25%)
Escorts Bank / May 9 Escorts Investment Bank Limited(ESBL)	5.98 ▲ 0.83 (16.12%)
Parmount Sp. / May 9 Paramount Spinning Mills Limited(PASM)	3.22 ▲ 0.41 (14.59%)
UDL International / May 9 UDL International Limited(UDLI)	7.10 ▲ 0.85 (13.6%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.44 ▲ 0.65 (13.57%)
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.05 ▲ 0.23 (12.64%)
LSE Capital / May 9 LSE Capital Limited(LSECL)	4.39 ▲ 0.48 (12.28%)
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	6.42 ▲ 0.7 (12.24%)
D.S. Ind. Ltd. / May 9 D.S. Industries Limited(DSIL)	3.90 ▲ 0.41 (11.75%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	27.05 ▼ -5.03 (-15.68%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
Universal Ins. / May 9 The Universal Insurance Company Limited(UVIC)	8.25 ▼ -1 (-10.81%)
Sally Textile / May 9 Sally Textile Mills Limited(SLYT)	7.14 ▼ -0.86 (-10.75%)
Jubilee Spinning / May 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.43 ▼ -0.95 (-10.13%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
Dewan Mushtaq / May 9 Dewan Mushtaq Textile Mills Limited(DMTM)	9.29 ▼ -1.03 (-9.98%)
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	12.23 ▼ -1.35 (-9.94%)
First Elite Cap.Mod / May 9 First Elite Capital Modaraba(FECM)	18.44 ▼ -2 (-9.78%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	47,087,025 ▲ 0.06
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	33,590,475 ▲ 0.7
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	29,288,646 ▼ -1.53
B.O.Punjab / May 9 The Bank of Punjab(BOP)	18,310,598 ▲ 0.44
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	15,347,121 ▲ 0.3
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	14,961,675 ▼ -1.35
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	14,847,660 ▲ 5.69
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,463,181 ▲ 0.09
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	13,544,491 ▲ 2.45
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	13,517,642 ▲ 0.05

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