News Archives for Print - 2017-10-30

Print - 2017-10-30

Currency

Zain's profits fall over Sudan, Iraq

Kuwaiti telecoms giant Zain on Sunday reported a drop in its third quarter net profits due to currency exchange losses in Sudan and conflict in Iraq. The company's net profit in the third quarter fell seven percent to 40 million dinars ($132 million) from

Published 30 Oct, 2017 12:00am

Italian bank inquiry points to improper behaviour

A new investigation of Italian banking scandals by a parliamentary commission has already revealed some improper behaviour, the commission's chairman, Pier Ferdinando Casini, told the newspaper La Repubblica in an interview. The cross-party commission, co

Published 30 Oct, 2017 12:00am

ECB's Coeure hopes bond-buying won't be extended again

The man in charge of the European Central Bank's 2.5 trillion euros ($2.9 trillion) stimulus programme hopes it will not be extended again when it expires in September, he told a French weekly newspaper. Benoit Coeure, who heads the ECB's market operation

Published 30 Oct, 2017 12:00am

ECB's Coeure hopes bond-buying won't be extended again

Published 30 Oct, 2017 12:00am

Failed carrier Monarch investor Greybull would repay rescue bill

The former owner of failed British airline Monarch said on Sunday it had a moral obligation to repay some of the bill to bring passengers home if it profits from the administration of the carrier. Monarch collapsed on October 2, causing the cancellation o

Published 30 Oct, 2017 12:00am

Currency

Poland wants strong eurozone before mulling membership

Poland wants the euro zone to become stronger before making a decision whether to join the single currency, Finance Minister Mateusz Morawiecki said. "We are holding our fingers crossed for the euro zone to survive, to overcome its imminent problems ... S

Published 30 Oct, 2017 12:00am

IFC and banks close $653 millon in funding for Egypt solar plants

International Finance Corporation (IFC), a member of the World Bank Group, on Sunday said it had completed a $653 million debt package to finance building 13 solar power plants near Aswan in Egypt, planned to be part of the largest solar park in the world

Published 30 Oct, 2017 12:00am

Currency

Blacklisted by Brazil, Dublin funds find new ways to invest

Brazil has provided investors with some of the best returns in the world this year but investment funds based in Ireland have been forced to adopt new strategies to get their money's worth. Brazil blacklisted Ireland as a tax haven in September 2016 becau

Published 30 Oct, 2017 12:00am

Currency

Blacklisted by Brazil, Dublin funds find new ways to invest

Published 30 Oct, 2017 12:00am

Currency

Lebanese central bank says pound stable, adds to forex reserves

The Lebanese central bank has the foreign-currency reserves it needs to keep the pound stable against the US dollar at its pegged rate for the foreseeable future, the central bank governor said on Tuesday. Riad Salameh also told Reuters in an interview th

Published 30 Oct, 2017 12:00am

Petchems, Saudi Telecom beat lift Riyadh market; rest of Gulf sluggish

Petrochemical stocks and an earnings beat by Saudi Telecom Co lifted Riyadh's stock market on Sunday while other Gulf bourses were sluggish, once more ignoring a strong performance by Wall Street on the previous trading day. The Saudi stock index climbed

Published 30 Oct, 2017 12:00am

China's money rates jump

China's central bank has barely funded money markets for two days in a row, sending a signal that its largesse to banks during the 19th Communist Party Congress was a one-off and develeraging the economy remains core policy. Interbank yuan rates have rise

Published 30 Oct, 2017 12:00am

Currency

Asahi Life to raise foreign currency bond holdings by 50 billion yen

Japan's Asahi Mutual Life Insurance Co plans to invest 150 billion yen ($1.32 billion) in foreign currency bonds this fiscal year, up 50 percent from its initial plans, a senior company executive said on Monday. The insurer said in April it would spend 10

Published 30 Oct, 2017 12:00am

Currency

Sweden, Norway currencies seen surging against euro, dollar in 2018

The Swedish and Norwegian currencies are poised to rally against the euro over the next 12 months, despite underperforming expectations since July, a Reuters poll of economists found on Friday. The two Nordic currencies will also extend their recent surge

Published 30 Oct, 2017 12:00am

Bangladesh's interbank forex rates

Inter-bank buy/sell rates for the taka against the dollar on Sunday. 80.85-80.85 (previous 80.85-80.85).

Published 30 Oct, 2017 12:00am

Fidelity retirement funds warm to Canada, cool to emerging markets

Fidelity Investments has cut exposure to red-hot emerging markets stocks in its age-based retirement funds while putting more money into Canadian stocks and US government bonds. The shift, reflected in a Morningstar Inc report released on Thursday, shows

Published 30 Oct, 2017 12:00am

Fidelity retirement funds warm to Canada, cool to emerging markets

Published 30 Oct, 2017 12:00am

Wall Street week ahead: As Trump tax comes to floor, failure could spell stocks selloff

Investors are increasingly pricing in the effect of a corporate tax cut into the shares of US companies, leaving the market primed for a steep sell-off if the Republican-controlled Congress fails to pass one of President Donald Trump's top priorities.

Published 30 Oct, 2017 12:00am

Wozniacki ends Venus jinx to win WTA Finals

Former world number one Caroline Wozniacki ended her career-long jinx against Venus Williams in spectacular style to lift the WTA Finals trophy for the first time on Sunday. The Dane had won just one set in seven harrowing defeats to Williams but she turn

Published 30 Oct, 2017 12:00am

National Basketball Championship: Peshawar, Lahore, Hazara, Faisalabad in semis

Peshawar, Lahore, Hazara and Faisalabad have entered into the semi-finals after recording victories against their respective rivals in the ongoing National Inter-Divisional Men Basketball Championship being played at Faisalabad on Sunday.

Published 30 Oct, 2017 12:00am

Army upset Navy in Cricket Championship

Middle order batsmen Sana Ullah and Shahid Khan added 170 fourth wicket partnership to guide Pakistan Army to record a 17 runs victory against strong Pakistan Navy in the ongoing One-Day Cricket Championship part of the Inter-Services Sports Gala being pl

Published 30 Oct, 2017 12:00am

Pakistan to host ACC Emerging Cup in April 2018: Sethi

Pakistan Cricket Board (PCB) Chairman Najam Sethi on Sunday announced that Pakistan will be hosting the Asian Cricket Council (ACC) Emerging Cup in April 2018. "Pakistan, Bangladesh, Sri Lanka, Afghanistan, India and a qualifier team will be participating

Published 30 Oct, 2017 12:00am

Pouille takes Vienna title

Lucas Pouille won the Vienna ATP tournament on Sunday with a 6-1, 6-4 thumping of Jo-Wilfried Tsonga in an all-French final. For the 23-year-old Pouille this was a first win over Tsonga and his third title of the season on the indoor hard court after wins

Published 30 Oct, 2017 12:00am

India prevail in thriller, clinch ODI series 2-1

Fast bowler Jasprit Bumrah helped India pull off a thrilling six-run win over New Zealand in the third and final one-day international and cliinch the series 2-1 on Sunday Bumrah claimed three wickets and effected a crucial run out of dangerman Tom Latham

Published 30 Oct, 2017 12:00am

Wapda's Abbas Zeb wins Punjab Jr Squash Championship

Wapda's Abbas Zeb won the Punjab National Junior Squash Championship organized by Punjab Squash Association. He clinched the title by overpowering his opponent Zeeshan Gull of Zarai Taraqiati Bank (ZTBL) in straight sets 3-0 in the final. The 5- day event

Published 30 Oct, 2017 12:00am

Federer downs del Potro for eighth Basel crown

Home favourite Roger Federer claimed his eighth Swiss Indoors title on Sunday with a 6-7 (5/7), 6-4, 6-3 final defeat of Juan Martin del Potro. The 36-year-old fought back from a set down to win the 95th ATP title of his career, taking him clear above Iva

Published 30 Oct, 2017 12:00am

Masakadza ton leads Zimbabwe recovery

Hamilton Masakadza's fifth Test century helped Zimbabwe recover from a horror start to the second Test against the West Indies on Sunday and end a rain-hit first day on 169 for four. Just 61 overs were possible as rain wiped out most of the final session,

Published 30 Oct, 2017 12:00am

Miller hits fastest T20 century as South Africa rout Bangladesh

David Miller smashed the fastest century in Twenty20 international cricket as South Africa outclassed Bangladesh by 83 runs in the second and final Twenty20 international at Senwes Park on Sunday. Miller's 35-ball hundred propelled South Africa to 224 for

Published 30 Oct, 2017 12:00am

Pakistan mark Sri Lanka return with Twenty20 win

Pakistan marked the return of Sri Lanka with a 3-0 Twenty20 series whitewash on Sunday, as officials hoped the match will help reestablish the country's reputation for hosting international cricket. The third and final Twenty20 match, which Pakistan comfo

Published 30 Oct, 2017 12:00am

Iceland's scandal-hit PM wins re-election

Iceland's conservative prime minister won a snap election despite a string of scandals, final results confirmed Sunday, but it remained unclear whether he could form a viable coalition. Bjarni Benediktsson, 47, was accused named last year in the "Panama P

Published 30 Oct, 2017 12:00am

Australian former governor-general and peacemaker dies

Former Australian Governor-General Sir Ninian Stephen, who worked on the Northern Ireland peace talks and served on the International Court of Justice, died on Sunday. He was 94. Prime Minister Malcolm Turnbull announced plans for a state funeral, saying

Published 30 Oct, 2017 12:00am

Taliban kill 22 Afghan policemen in multiple attacks

Taliban insurgents, some wearing night-vision goggles, killed 22 Afghan policemen in separate attacks on checkpoints over the weekend in the latest blow to the country's beleaguered security forces. Militants wearing the googles launched a pre-dawn assaul

Published 30 Oct, 2017 12:00am

Russians honour Stalin victims, urge release of graves researcher

Hundreds of Russians gathered in central Moscow on Sunday to honour the victims of Stalin-era purges, with many calling for the release of a jailed activist who researched mass graves. In an annual ceremony organised by the country's oldest rights group M

Published 30 Oct, 2017 12:00am

Cuba to make it easier for Cuban Americans to visit

Cuba will make it easier for its US-based citizens to travel to the island, Foreign Minister Bruno Rodriguez said on Saturday, in a gesture to win support from Cuban Americans during a diplomatic crisis over allegations of mysterious health attacks. "The

Published 30 Oct, 2017 12:00am

China aims to set up state anti-corruption unit next year

China aims to pass a national supervision law and set up a new commission next year to oversee an expansion of President Xi Jinping's campaign to fight corruption in the ruling Communist Party and government, the party said on Sunday. The moves will be ma

Published 30 Oct, 2017 12:00am

Duterte names ex-rights lawyer as spokesman

A tough-talking ex-human rights lawyer has been named Philippine President Rodrigo Duterte's new spokesman, replacing a former pastor who had been one of the most vocal defenders of his deadly drug war. Duterte, whose narcotics crackdown has killed thousa

Published 30 Oct, 2017 12:00am

Sri Lanka scraps private medical college amid protests

Sri Lanka announced Sunday the closure of a private medical college at the centre of a long-running controversy over teaching standards. Government doctors and students at state-run medical colleges had for months been striking over allegedly subpar stand

Published 30 Oct, 2017 12:00am

Shelling kills Syria pro-opposition journalist

A Syrian journalist working for pro-opposition television was killed by regime shelling in Damascus province on Sunday, his network and an NGO reported. Qays al-Qadi, who was in his 20s, worked for Al-Jisr, an Istanbul-based satellite channel that was fou

Published 30 Oct, 2017 12:00am

Syria army, IS clashes in Deir Ezzor kill 73

Heavy clashes between Syria's army and the Islamic State group in Deir Ezzor city have killed at least 73 fighters in the last 24 hours, a monitor said Sunday. Syria's army controls most of Deir Ezzor city, capital of Deir Ezzor province in the country's

Published 30 Oct, 2017 12:00am

Somalia sacks security chiefs as attack toll hits 27

The death toll from a deadly attack on a hotel in Mogadishu rose to 27 on Sunday, prompting the Somali government to sack its police and intelligence chiefs. The move came after Al-Qaeda aligned Shabaab gunmen staged coordinated bomb attacks Saturday outs

Published 30 Oct, 2017 12:00am

Eyes on Kenya vote chief as uncertainty lingers

Kenya's election chief was to announce on Sunday whether elections will go forward in flashpoint opposition areas, where a boycott sparked violent protests in a poll set to hand President Uhuru Kenyatta a landslide, but tarnished, win. With the counting a

Published 30 Oct, 2017 12:00am

Liberia ruling party backs challenge to election result

Liberia's ruling party on Sunday announced a formal complaint against the electoral commission over the outcome of the October 10 presidential poll, days before a runoff involving its candidate, Vice-President Joseph Boakai. The election was hailed as lar

Published 30 Oct, 2017 12:00am

At least five dead as storm hits central Europe

At least five people died in a windstorm that hit central Europe on Sunday, causing widespread power outages and traffic disruptions. In the Czech Republic, falling trees killed a woman in a forest near the central city of Trebic and an elderly man on the

Published 30 Oct, 2017 12:00am

Food a 'weapon of war' in Yemen: WFP

Beyond air raids, gun battles and port blockades, food is now a "weapon of war" in Yemen, the UN's World Food Programme said on Sunday, as millions face impending famine. "Yemen is on the brink of famine. Cholera is compounding a dramatic food crisis. Foo

Published 30 Oct, 2017 12:00am

Turkey arrests IS suspects in nationwide raids

Turkish police on Sunday rounded up dozens of Islamic State suspects including Syrian nationals in a security sweep on the country's national day holiday, local media reported. Twenty-two suspects were arrested in the eastern province of Erzurum including

Published 30 Oct, 2017 12:00am

Hillary Clinton marks painful date with Twitter quip

Hillary Clinton got a reminder that exactly one year ago, then FBI director James Comey said he was re-opening a probe into her emails. "Oh is that today?" the former Democratic presidential candidate quipped on Twitter late Saturday, in response to a pos

Published 30 Oct, 2017 12:00am

UK minister probed 'for asking secretary to buy sex toys'

A British government minister faces an investigation over allegations he asked his secretary to buy sex toys and addressed her in demeaning language. The Cabinet Office - responsible for ensuring effective government - will investigate if Mark Garnier's b

Published 30 Oct, 2017 12:00am

White House opposed vote on Israel 'annexation' bill

US President Donald Trump's administration opposed a planned vote on a controversial Israeli bill that critics say would amount to de facto annexation of Jewish settlements surrounding Jerusalem, a US official said Sunday. Israeli Prime Minister Benjamin

Published 30 Oct, 2017 12:00am

Two Palestinians charged with murder of Israeli man

Israeli prosecutors filed charges on Sunday against two Palestinians suspected of murdering their Jewish employer this month in what authorities have labelled a "terror attack", the justice ministry said. According to the indictment, Yousef Kamil, 20, and

Published 30 Oct, 2017 12:00am

Exchange

Iran to continue developing ballistic missiles: Rouhani

Iran's president on Sunday said his country would continue building weapons including developing missiles as the United States prepares new sanctions over its ballistic missile programme. "To defend our nation and territorial integrity, we will build all

Published 30 Oct, 2017 12:00am

Exchange

Iran implementing its nuclear deal commitments: IAEA

The head of the United Nations atomic agency on Sunday said Iran was carrying out its commitments made under a landmark nuclear deal with world powers. "As of today, I can state that the nuclear-related commitments made by Iran under the JCPOA (nuclear de

Published 30 Oct, 2017 12:00am

Brazil can be a big market for businessmen: envoy

Ambassador of Brazil in Pakistan Clouio Raja Gabaglia Lins has said that his country could be an attractive and big market for Pakistani businessmen. Pakistan traders and other business delegations should visit Brazil and explore maximum economic opportun

Published 30 Oct, 2017 12:00am

Currency

Interview with the Founder Chairman of Pakistan-Afghanistan Joint Chamber of Commerce & Industry

'Afghan transit trade will have to shift to Gwadar'

Updated 15 Nov, 2017 10:21am

Currency

Interview with the Founder Chairman of Pakistan-Afghanistan Joint Chamber of Commerce & Industry

'Afghan transit trade will have to shift to Gwadar'

Published 30 Oct, 2017 12:00am

CFC project for silk cluster opens in Mingora

Dyeing, washing and pressing Common Facility Centre (CFC) for silk cluster at Mingora, district Swat has formally come into operation the other day. Federal Minister for Industries and Production, Ghulam Murtaza Khan Jatoi especially visited Swat to inaug

Published 30 Oct, 2017 12:00am

Upgradation of PMNH to attract more visitors

Pakistan Museum of Natural Heritage is the place to visit on a weekend if you want a day filled with amusement and sense of wonder. The ongoing up gradation of Pakistan Museum of Natural Heritage (PMNH) will make it more attractive for visitors as the mus

Published 30 Oct, 2017 12:00am

PML-N supports Fata-KP merger: Muqam

Advisor to Prime Minister, Engr Amir Muqam said on Sunday that merger of Federally Administered Tribal Areas (FATA) with Khyber Pakhtunkhwa is the constitutional right of tribal people. While talking to the media here, he said that PML-N also wanted to me

Published 30 Oct, 2017 12:00am

E&P firms invited to tap shale gas, oil reserves

The Petroleum and Natural Resources Division has invited local and international Exploration and Production (E&P) companies to tap massive shale gas and oil reserves identified in a study carried out in collaboration with USAID.

Published 30 Oct, 2017 12:00am

Ghulam Ali may contest for FPCCI's top slot

Former Senator Haji Ghulam Ali is likely to once again join race to contest election for the top slot of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI). Former president of FPCCI, Haji Ghulam Ali, a candidate of the Businessman Panel

Published 30 Oct, 2017 12:00am

Two militants killed in clash with Aman Lashkar

At least two militants were killed in a clash with the volunteers of a peace lashkar (Aman Lashkar) in Landi Kotal area of Khyber Agency on Sunday. According to reports, the militants attacked a post of the peace lashkar in Zakhakhel area of Landi Kotal,

Published 30 Oct, 2017 12:00am

Aizaz attends APPAC event in NY

Pakistan Ambassador to USA, Aizaz Chaudhry, Congressman Andre Carson and Consul General Raja Ali Ejaz attended American Pakistanis Public Affairs Committee (APPAC) event in New York on Sunday. According to Pakistan Embassy, New York, talking on the sideli

Published 30 Oct, 2017 12:00am

Donations to Yunnan province: Chinese FM visits Pakistan Pavilion in Beijing

Chinese Foreign Minister Wang Yi, along with his spouse, visited Pakistan Pavilion, set up here at the Workers Stadium on Sunday to collect donations for the villages of China's Yunnan province. Pakistan Ambassador to China, Masood Khalid and other senior

Published 30 Oct, 2017 12:00am

Pesco staff urged to take precautionary measures

Chief Executive Officer (CEO), Peshawar Electric Supply Company (Pesco) has directed the technical staff of the company to adopt all precautionary measures to avoid electrocution and electric shocks for their own safety. He was addressing a safety seminar

Published 30 Oct, 2017 12:00am

MoITT drafts 'Pakistan Telecommunication Competition Rules, 2017'

Ministry of Information Technology and Telecommunication (MoITT) has drafted 'Pakistan Telecommunication Competition Rules, 2017' to discourage anti-competitive conduct, avoid abuse of dominant position and ensure open and fair competition within the tele

Published 30 Oct, 2017 12:00am

Walk held to create awareness about hazards of smog

Under the joint arrangements of district administration and District Health Authority an awareness walk was held for citizens regarding adopt all precautionary measures during the thick blanket of fog or rather smog. State Minister for Textile Haji Muhamm

Published 30 Oct, 2017 12:00am

Three blood banks sealed in Gujranwala

On the directions of Health Minister Kh Salman Rafique, Secretary Punjab Blood Transfusion Authority Dr Ather, in a successful raid at various blood units at Gujranwala recovered a large number of poor quality blood bags and screening kits from illegal bl

Published 30 Oct, 2017 12:00am

Four Pakistani universities participate in international moot

The second international education conference on 'The European Model of Quality Doctoral Education and its Comparative Analysis' with Higher Education Commission of Pakistan' concluded at Abu Dhabi on Saturday evening. In all, delegates from 26 countries

Published 30 Oct, 2017 12:00am

Mutual Funds

Al Meezan recognised at IPO Market Development Award 2016/2017

We are pleased to announce that Al Meezan has been recognized at the IPO Market Development Award 2016/2017 by Safe-PSX Pakistan IPO Summit for excellence in launching of the highest number of investment funds/plans in the same period.

Published 30 Oct, 2017 12:00am

Mutual Funds

Al Meezan recognised at IPO Market Development Award 2016/2017

Published 30 Oct, 2017 12:00am

Sri Lankan team revives international cricket in Pakistan: CM

Punjab Chief Minister Shahbaz Sharif has said that Pakistani public especially buoyant people of Lahore welcome Sri Lankan players on their arrival at Lahore after eight years with glee. This visit of Sri Lankan players is a matter of immense pleasure for

Published 30 Oct, 2017 12:00am

Sri Lankan team revives international cricket in Pakistan: CM

Published 30 Oct, 2017 12:00am

Habib Metro Bank posts Rs 5.74 billion profit in Q3 2017

In a meeting of Habib Metropolitan Bank's Board of Directors, held on Thursday October 25, 2017, the financial results of the Bank for the period ended September 30, 2017 were approved. The Bank posted a profit-before-tax of Rs 5.74 billion at the end of

Published 30 Oct, 2017 12:00am

Habib Metro Bank posts Rs 5.74 billion profit in Q3 2017

Published 30 Oct, 2017 12:00am

Sindh government may introduce eco-friendly buses in Karachi

Sindh Government is considering the launch of electric buses in Karachi to facilitate Karachiites and reduce the environmental and noise pollution. Informed sources told Business Recorder on Saturday that Government is considering bringing approxim

Published 30 Oct, 2017 12:00am

Four terrorists arrested

The counter-terrorism department on Sunday arrested four terrorists trying to plant a bomb on Peshawar's Shah Alam Bridge. The suspects had prepared the bombs in two oil cans, according to the CTD. Police also recovered pistols and cartridges from the sus

Published 30 Oct, 2017 12:00am

Pakistan frees 68 Indian fishermen

Pakistan on Sunday released 68 Indian fishermen held for trespassing into its territorial waters, officials said. Indian and Pakistani fishermen are frequently detained for illegal fishing since the Arabian Sea border is not clearly defined and many boats

Published 30 Oct, 2017 12:00am

Book titled 'Ghazal Parasti' launched

A launching ceremony of book "Ghazal Parasti" by young poetess Rizwana Malik was held under the auspices of literary society Sooch in collaboration with Rawalpindi Arts Council (RAC) on Sunday. Rizwana Malik hails from Jhelum and her maiden book is based

Published 30 Oct, 2017 12:00am

MQM-P will win more seats in 2018 polls: Sattar

Dr Farooq Sattar said on Sunday, reacting to deputy mayor Arshad Vohra's parting ways with Muttahida Qaumi Movement, that the political party would clinch more seats in general elections 2018 than before. Dr Sattar talked to the media in Karachi and calle

Published 30 Oct, 2017 12:00am

Anti-polio drive begins in 13 districts of KP today

Around 3.65million children below age of five, will be vaccinated during three-day anti-polio drive, beginning in 13 high-risk districts of Khyber Pakhtunkhwa from Monday (today). In this regard, a meeting was held at Emergence Operation Centre (EOC) to r

Published 30 Oct, 2017 12:00am

Exchange

Brexit hastens Azad Kashmir's economic break with Britain

The tiled palaces beside Mangla reservoir and dozens of exchange offices testify to the prosperity enjoyed by Kashmir's Mirpur thanks to vast sums of cash sent back by tens of thousands of emigrants living in Britain. With few jobs and little industry, th

Published 30 Oct, 2017 12:00am

Payment of 4000 RPOs: FCCI chief hails Dar's directives

Shabbir Hussain Chawla, President Faisalabad Chamber of Commerce & Industry (FCCI), has welcomed the directive of Finance Minister Ishaq Dar to ensure payment of 4000 Refund Payment Orders (RPOs) involving Rs 13 billion of sales tax. Talking to newsmen he

Published 30 Oct, 2017 12:00am

JI strives for effective accountability system: Siraj

Chief of Jamaat-e-Islami Senator Sirajul Haq has said that Nawaz Sharif's politics had come to an end and the Judgment Day of the other agents of the international establishment and the status quo representatives would also dawn soon. While addressing a b

Published 30 Oct, 2017 12:00am

Filing of returns: PTAA approaches PM for extension in date

Pakistan Tax Advisors Association (PTAA) has approached Prime Minister Shahid Khaqan Abbasi for extension in date for filing of income tax returns upto December 15, 2017. In a communication to the PM here on Saturday, Chairman PTAA Javed Iqbal Qazi reques

Published 30 Oct, 2017 12:00am

'Suri Jagek': UNESCO considers Pakistan's nomination file as technically complete

United Nations Educational, Scientific and Cultural Organization (UNESCO) has considered Pakistan's nomination file of 'Suri Jagek' as technically complete for possible inscription in its 'List of Intangible Cultural Heritage in Need of Urgent Safeguardin

Published 30 Oct, 2017 12:00am

Government urged to explore new markets to increase exports

President Sialkot Chamber of Commerce and Industry (SCCI) Zahid Latif Malik has urged the government to take drastic steps for streamlining existing markets and identification of new potential markets for Made in Pakistan products. Talking to Business

Published 30 Oct, 2017 12:00am

Shah accuses Imran of insulting institutions

Opposition Leader in the National Assembly Khursheed Shah on Sunday said that Pakistan Tehreek-e-Insaf Chairman Imran Khan hurls abuses at institutions and then apologizes to them, adding that he has no right to be in politics now. Addressing a group of p
Published 30 Oct, 2017 12:00am

KP NAB authorizes inquiry against DC Shangla and others

The Regional Board Meeting (RBM) of National Accountability Bureau (NAB) Khyber Pakhtunkhwa has authorized several inquiries and approved filing of two references in Accountability Court. The meeting RBM held here with Brigadier Farooq Naser Awan (R), Dir
Published 30 Oct, 2017 12:00am

Opposition parties urged not to oppose LNG project

Chairman FPCCI Regional Committee on Industries and former President ICCI Atif Ikram Sheikh has urged the opposition parties not to make projects of national importance controversial to gain political mileage as the tendency to compromise important projec
Published 30 Oct, 2017 12:00am

Elimination of terrorism: Sherpao stresses need for cordial ties between Pakistan & Afghanistan

Chairman Qaumi Watan Party (QWP) Aftab Ahmad Khan Sherpao stressed the extending cooperation and cordial relation between Pakistan and Afghanistan to eliminate menace of terrorism from the entire region. He was addressing the 5th foundation day here on Su
Published 30 Oct, 2017 12:00am

Nine bills, 10 resolutions adopted by KP Assembly in its 26th session: Fafen

The Khyber Pakhtunkhwa (KP) Assembly passed nine bills including a private member's bill and adopted ten resolutions during 26th session, says Free and Fair Election Network in its session report. The session comprised 12 sittings held between September 1
Published 30 Oct, 2017 12:00am

Hollow promises cannot bring any change: Shahbaz

Punjab Chief Minister Muhammad Shehbaz Sharif has said that PML-N is the name of an ideology and public service which has selflessly served people for last four years as change cannot be brought by hallow slogans. "It is our agenda to bring betterment in
Published 30 Oct, 2017 12:00am

Three blood banks sealed

On the directions of Health Minister Khawaja Salman Rafique, Secretary Punjab Blood Transfusion Authority (BTA) Dr Ather, in raid at various blood units in Gujranwala, recovered a large number of poor quality blood bags and screening kits. Three blood uni
Published 30 Oct, 2017 12:00am

Khatam-e-Nabuwat declaration: clerics agree to meet minister

The negotiations between government and a group of religious clerics, staging a sit-in on Jinnah Avenue against omission of Khatam-e-Nabuwat [finality of prophet-hood] declaration in Election Bill 2017, could not bear any fruit despite passage of four day
Published 30 Oct, 2017 12:00am

Over 2,000 farmers to be brought under olive cultivation drive in Punjab

Barani Agriculture Research Institute (BARI) would extend its outreach to 12,000 progressive farmers of the Punjab province by December end this year in order to exploit olive production potential for enhancing output of the commodity in the country.
Published 30 Oct, 2017 12:00am

Over 65,000 candidates appear in MDCAT

As many as 65,155 candidates including 41,563 female and 23,592 male, reappeared in Medical and Dental Colleges' admission test (MDCAT) which was re-conducted by the University of Health Sciences (UHS) on Sunday. The Punjab government announced the re-con
Published 30 Oct, 2017 12:00am

Earthquake jolts northern Pakistan, Afghan mountain range

An earthquake has struck the Hindu Kush mountain range in Afghanistan and was strongly felt in northern Pakistan. The US Geological Survey said the quake had a magnitude of 5.2, while Pakistan's meteorological department said it was magnitude 5.9 with its
Published 30 Oct, 2017 12:00am

Prices of essential commodities remain unchanged

Prices of essential food commodities have remained unchanged in retail market, according to survey conducted by Business Recorder here on Sunday. Traders in provincial capital have attributed that the prices have continued to soar due to low supply
Published 30 Oct, 2017 12:00am

Expo Pakistan to begin on November 9

Trade Development Authority of Pakistan (TDAP) is finalizing necessary arrangements for holding four day mega event of 10th Expo-Pakistan at Karachi in November. Sources in TDAP told Business Recorder on Sunday that Expo Pakistan is the biggest tra
Published 30 Oct, 2017 12:00am

Is there any solution?

This is apropos a Business Recorder editorial "Imran's agitation threat" carried by the newspaper recently. The newspaper argued, inter alia, that "...if the powers that be are at all considering some compromise formula that would facilitate resusc
Updated 03 Nov, 2017 01:37pm

Poor legal defence the spotlight in death penalty case before the US SC

The US Supreme Court hears arguments Monday in a death penalty case that focuses on a key inequity in the US legal system: the fairness of condemning to death someone who has had a poor legal defence. The death penalty in the US is imposed "not for the wo
Published 30 Oct, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Jan 8

278.78

USD PKR Interbank Buying / Jan 8

278.58

USD to Japanese Yen / Jan 8

158.14

USD to Swiss Franc / Jan 8

0.91

Pound Sterling to USD / Jan 8

1.25

Euro to USD / Jan 8

1.04

Stock Volume

S&P 500 / Jan 7

5,909.03

Nasdaq / Jan 7

19,489.68

FTSE 100 / Jan 7

8,245.28

Dow Jones / Jan 7

42,528.36

Germany DAX 30 / Jan 7

20,340.57

France CAC40 / Jan 7

7,489.35

India Sensex / Jan 8

77,786.54

Tokyo Nikkei / Jan 8

40,008.25

Item Value

Karachi Cotton PKR/37.32 KG / Jan 7

18,285

Gold 10 Grams PKR / Jan 7

236,625

Crude Oil USD/Barrel / Jan 8

74.85

Gold Spot USD/Ounce / Jan 8

2,650.51

Cotton US¢/pound / Jan 8

68.44

Petrol/Litre / Jan 9

252.66

Gainers
Losers
Leaders

Stock Price

PICIC Ins.Ltd. / Jan 8

PICIC Insurance Limited(PIL)

3.21

▲ 0.32 (11.07%)

JS Bank Ltd / Jan 8

JS Bank Limited(JSBL)

10.41

▲ 1.00 (10.63%)

Idrees Tex. / Jan 8

Idrees Textile Mills Limited(IDRT)

15.68

▲ 1.43 (10.04%)

Sec. Inv. Bank / Jan 8

Security Investment Bank Limited(SIBL)

12.38

▲ 1.13 (10.04%)

Ahmad Hassan / Jan 8

Ahmad Hassan Textile Mills Limited(AHTM)

59.90

▲ 5.45 (10.01%)

Asia Ins. / Jan 8

Asia Insurance Company Limited(ASIC)

14.29

▲ 1.30 (10.01%)

D.M. Textile / Jan 8

D.M. Textile Mills Limited(DMTX)

60.58

▲ 5.51 (10.01%)

Dawood Lawrencepur / Jan 8

Dawood Lawrencepur Limited(DLL)

296.12

▲ 26.92 (10.00%)

JDW Sugar / Jan 8

JDW Sugar Mills Limited(JDWS)

904.95

▲ 82.27 (10.00%)

Stock Price

JS Mom. Factor ETF / Jan 8

JS Momentum Factor ETF(JSMFETF)

15.15

▼ -2.18 (-12.58%)

Parmount Sp. / Jan 8

Paramount Spinning Mills Limited(PASM)

4

▼ -0.50 (-11.11%)

Ali Asghar / Jan 8

Ali Asghar Textile Mills Limited(AATM)

78.82

▼ -8.76 (-10.00%)

Faisal Sp. / Jan 8

Faisal Spinning Mills Limited(FASM)

292.37

▼ -32.48 (-10.00%)

Khairpur Sug. / Jan 8

Khairpur Sugar Mills Limited(KPUS)

133.71

▼ -14.86 (-10.00%)

Liven Pharma / Jan 8

Liven Pharma Limited(LIVEN)

178.53

▼ -19.84 (-10.00%)

Suhail Jute / Jan 8

Suhail Jute Mills Limited(SUHJ)

156.38

▼ -17.38 (-10.00%)

Frontier Ceram / Jan 8

Frontier Ceramics Limited(FRCL)

24.23

▼ -2.69 (-9.99%)

National Silk / Jan 8

The National Silk & Rayon Mills Limited(NSRM)

49.90

▼ -5.54 (-9.99%)

Stock Volume

WorldCall Telecom / Jan 8

Worldcall Telecom Limited(WTL)

520,088,624

▲ 0.09

Cnergyico PK / Jan 8

Cnergyico PK Limited(CNERGY)

76,600,722

▼ -0.30

K-Electric Ltd. / Jan 8

K-Electric Limited(KEL)

45,707,217

▼ -0.21

Fauji Foods Ltd / Jan 8

Fauji Foods Limited(FFL)

36,987,542

▼ -0.41

Sui South Gas / Jan 8

Sui Southern Gas Company Limited(SSGC)

33,354,890

▲ 2.33

Pak Stock Exchange / Jan 8

Pakistan Stock Exchange Limited(PSX)

27,144,749

▼ -2.85

Pak Refinery / Jan 8

Pakistan Refinery Limited(PRL)

24,452,864

▼ -2.53

B.O.Punjab / Jan 8

The Bank of Punjab(BOP)

22,768,455

▼ -0.23

Pak Elektron / Jan 8

Pak Elektron Limited(PAEL)

20,370,180

▼ -0.42

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Currency	Rate
USD PKR Interbank Selling / Jan 8	278.78
USD PKR Interbank Buying / Jan 8	278.58
USD to Japanese Yen / Jan 8	158.14
USD to Swiss Franc / Jan 8	0.91
Pound Sterling to USD / Jan 8	1.25
Euro to USD / Jan 8	1.04

Stock	Volume
S&P 500 / Jan 7	5,909.03
Nasdaq / Jan 7	19,489.68
FTSE 100 / Jan 7	8,245.28
Dow Jones / Jan 7	42,528.36
Germany DAX 30 / Jan 7	20,340.57
France CAC40 / Jan 7	7,489.35
India Sensex / Jan 8	77,786.54
Tokyo Nikkei / Jan 8	40,008.25

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 7	18,285
Gold 10 Grams PKR / Jan 7	236,625
Crude Oil USD/Barrel / Jan 8	74.85
Gold Spot USD/Ounce / Jan 8	2,650.51
Cotton US¢/pound / Jan 8	68.44
Petrol/Litre / Jan 9	252.66

Stock	Price
PICIC Ins.Ltd. / Jan 8 PICIC Insurance Limited(PIL)	3.21 ▲ 0.32 (11.07%)
JS Bank Ltd / Jan 8 JS Bank Limited(JSBL)	10.41 ▲ 1.00 (10.63%)
Idrees Tex. / Jan 8 Idrees Textile Mills Limited(IDRT)	15.68 ▲ 1.43 (10.04%)
Sec. Inv. Bank / Jan 8 Security Investment Bank Limited(SIBL)	12.38 ▲ 1.13 (10.04%)
Ahmad Hassan / Jan 8 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Asia Ins. / Jan 8 Asia Insurance Company Limited(ASIC)	14.29 ▲ 1.30 (10.01%)
D.M. Textile / Jan 8 D.M. Textile Mills Limited(DMTX)	60.58 ▲ 5.51 (10.01%)
Dawood Lawrencepur / Jan 8 Dawood Lawrencepur Limited(DLL)	296.12 ▲ 26.92 (10.00%)
JDW Sugar / Jan 8 JDW Sugar Mills Limited(JDWS)	904.95 ▲ 82.27 (10.00%)

Stock	Price
JS Mom. Factor ETF / Jan 8 JS Momentum Factor ETF(JSMFETF)	15.15 ▼ -2.18 (-12.58%)
Parmount Sp. / Jan 8 Paramount Spinning Mills Limited(PASM)	4 ▼ -0.50 (-11.11%)
Ali Asghar / Jan 8 Ali Asghar Textile Mills Limited(AATM)	78.82 ▼ -8.76 (-10.00%)
Faisal Sp. / Jan 8 Faisal Spinning Mills Limited(FASM)	292.37 ▼ -32.48 (-10.00%)
Khairpur Sug. / Jan 8 Khairpur Sugar Mills Limited(KPUS)	133.71 ▼ -14.86 (-10.00%)
Liven Pharma / Jan 8 Liven Pharma Limited(LIVEN)	178.53 ▼ -19.84 (-10.00%)
Suhail Jute / Jan 8 Suhail Jute Mills Limited(SUHJ)	156.38 ▼ -17.38 (-10.00%)
Frontier Ceram / Jan 8 Frontier Ceramics Limited(FRCL)	24.23 ▼ -2.69 (-9.99%)
National Silk / Jan 8 The National Silk & Rayon Mills Limited(NSRM)	49.90 ▼ -5.54 (-9.99%)

Stock	Volume
WorldCall Telecom / Jan 8 Worldcall Telecom Limited(WTL)	520,088,624 ▲ 0.09
Cnergyico PK / Jan 8 Cnergyico PK Limited(CNERGY)	76,600,722 ▼ -0.30
K-Electric Ltd. / Jan 8 K-Electric Limited(KEL)	45,707,217 ▼ -0.21
Fauji Foods Ltd / Jan 8 Fauji Foods Limited(FFL)	36,987,542 ▼ -0.41
Sui South Gas / Jan 8 Sui Southern Gas Company Limited(SSGC)	33,354,890 ▲ 2.33
Pak Stock Exchange / Jan 8 Pakistan Stock Exchange Limited(PSX)	27,144,749 ▼ -2.85
Pak Refinery / Jan 8 Pakistan Refinery Limited(PRL)	24,452,864 ▼ -2.53
B.O.Punjab / Jan 8 The Bank of Punjab(BOP)	22,768,455 ▼ -0.23
Pak Elektron / Jan 8 Pak Elektron Limited(PAEL)	20,370,180 ▼ -0.42