News Archives for Print - 2017-11-01

Exchange

Sherry lashes out at government over mounting external debt

Vice President PPPP, Senator Sherry Rehman slammed the government over Pakistan's mounting external debt. "This alarming rise in our external debt shows the downward trajectory of the government's lackluster economic vision," said the Senator in her state

Published 01 Nov, 2017 12:00am

Ministries have divergent views on GSP Plus future

Ministry of Foreign Affairs and Ministry of Commerce and Textile are said to have divergent views on future of Generalized System of Preferences plus (GSP +) by the European Union (EU) beyond 2018, well-informed sources told Business Recorder.

Published 01 Nov, 2017 12:00am

Currency

THE RUPEE: divergent trend

The rupee played both sides against the dollar on Tuesday in process of trading activity, dealers said. They said that the rupee continued slide versus the dollar as during the day, the national currency was trading with the close level of Rs 108 in the o

Published 01 Nov, 2017 12:00am

Ministries have divergent views on GSP Plus future

Ministry of Foreign Affairs and Ministry of Commerce and Textile are said to have divergent views on future of Generalized System of Preferences plus (GSP +) by the European Union (EU) beyond 2018, well-informed sources told Business Recorder.

Published 01 Nov, 2017 12:00am

Kerb

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Tuesday (October 31, 2017).

Published 01 Nov, 2017 12:00am

Petrol price goes up by Rs 2.49

Federal government on Tuesday increased the prices of petroleum prices for month of November. According to notification, price of motor spirit (petrol) has been increased by Rs 2.49 per litre and high speed diesel (HSD) by Rs 5.19 per litre in monthly rev

Published 01 Nov, 2017 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Tuesday (October 31, 2017).

Published 01 Nov, 2017 12:00am

Petrol price goes up by Rs 2.49

Federal government on Tuesday increased the prices of petroleum prices for month of November. According to notification, price of motor spirit (petrol) has been increased by Rs 2.49 per litre and high speed diesel (HSD) by Rs 5.19 per litre in monthly rev

Published 01 Nov, 2017 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 31, 2017).

Published 01 Nov, 2017 12:00am

Petrol price goes up by Rs 2.49

Federal government on Tuesday increased the prices of petroleum prices for month of November. According to notification, price of motor spirit (petrol) has been increased by Rs 2.49 per litre and high speed diesel (HSD) by Rs 5.19 per litre in monthly rev

Published 01 Nov, 2017 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 31, 2017).

Published 01 Nov, 2017 12:00am

Chaudhries summoned by NAB

The National Accountability Bureau (NAB) has reopened cases against head of PML-Q and former Prime Minister Chaudhry Shujaat Hussain as well as Chaudhry Pervaiz Elahi and summoned them to appear before it on November 6. Sources said NAB Lahore has issued

Published 01 Nov, 2017 12:00am

Exchange

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (October 31, 2017).

Published 01 Nov, 2017 12:00am

London court directs NTDC to pay more than Rs 14 billion to nine IPPs?

The London Court of International Arbitration (LCIA) has issued final award in the arbitration between 9 IPPs and NTDC, directing to pay more than 14 billion rupees to nine independent power producers (IPPs) who moved the arbitration before this court onc

Published 01 Nov, 2017 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Tuesday (October 31, 2017).

Published 01 Nov, 2017 12:00am

London court directs NTDC to pay more than Rs 14 billion to nine IPPs?

The London Court of International Arbitration (LCIA) has issued final award in the arbitration between 9 IPPs and NTDC, directing to pay more than 14 billion rupees to nine independent power producers (IPPs) who moved the arbitration before this court onc

Published 01 Nov, 2017 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (October 31, 2017)

Published 01 Nov, 2017 12:00am

London court directs NTDC to pay more than Rs 14 billion to nine IPPs?

The London Court of International Arbitration (LCIA) has issued final award in the arbitration between 9 IPPs and NTDC, directing to pay more than 14 billion rupees to nine independent power producers (IPPs) who moved the arbitration before this court onc

Published 01 Nov, 2017 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (October 31, 2017).

Published 01 Nov, 2017 12:00am

London court directs NTDC to pay more than Rs 14 billion to nine IPPs?

The London Court of International Arbitration (LCIA) has issued final award in the arbitration between 9 IPPs and NTDC, directing to pay more than 14 billion rupees to nine independent power producers (IPPs) who moved the arbitration before this court onc

Published 01 Nov, 2017 12:00am

Exchange

LME official prices

The following were Monday official prices.

Published 01 Nov, 2017 12:00am

Bank Alfalah announces re-organization

Bank Alfalah has announced a major restructuring in the management team to maintain growth momentum. Group Head HR & Learning and Corporate Services, Chief Financial Officer (CFO), Group Head RMM North, Central and Consumer Finance, Chief Marketing Office

Published 01 Nov, 2017 12:00am

Exchange

LME official prices

The following were Monday official prices.

Published 01 Nov, 2017 12:00am

Bank Alfalah announces re-organization

Bank Alfalah has announced a major restructuring in the management team to maintain growth momentum. Group Head HR & Learning and Corporate Services, Chief Financial Officer (CFO), Group Head RMM North, Central and Consumer Finance, Chief Marketing Office

Published 01 Nov, 2017 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (October 31, 2017).

Published 01 Nov, 2017 12:00am

Bank Alfalah announces re-organization

Bank Alfalah has announced a major restructuring in the management team to maintain growth momentum. Group Head HR & Learning and Corporate Services, Chief Financial Officer (CFO), Group Head RMM North, Central and Consumer Finance, Chief Marketing Office

Published 01 Nov, 2017 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (October 31, 2017).

Published 01 Nov, 2017 12:00am

Two bodies left behind at NY JFK

Pakistan International Airlines (PIA) left behind two dead bodies at JFK airport, New York, which were supposed to be transported to Lahore via PIA's last flight from United States. The last flight of PIA PK-712, which flew from JFK airport, New York to L

Published 01 Nov, 2017 12:00am

The Weather

The weather report on Tuesday (October 31, 2017) and the forecast for Wednesday (November 01, 2017).

Published 01 Nov, 2017 12:00am

Two bodies left behind at NY JFK

Pakistan International Airlines (PIA) left behind two dead bodies at JFK airport, New York, which were supposed to be transported to Lahore via PIA's last flight from United States. The last flight of PIA PK-712, which flew from JFK airport, New York to L

Published 01 Nov, 2017 12:00am

Currency

Massive discrepancies found in tax records of NTS: DGI&IR

The Directorate General of Intelligence and Investigation Inland Revenue (IR) has found massive discrepancies during examination of the tax records of National Testing Service (NTS). According to sources, the agency has clarified that the Directorate of I

Published 01 Nov, 2017 12:00am

Currency

Massive discrepancies found in tax records of NTS: DGI&IR

The Directorate General of Intelligence and Investigation Inland Revenue (IR) has found massive discrepancies during examination of the tax records of National Testing Service (NTS). According to sources, the agency has clarified that the Directorate of I

Published 01 Nov, 2017 12:00am

Currency

Massive discrepancies found in tax records of NTS: DGI&IR

The Directorate General of Intelligence and Investigation Inland Revenue (IR) has found massive discrepancies during examination of the tax records of National Testing Service (NTS). According to sources, the agency has clarified that the Directorate of I

Published 01 Nov, 2017 12:00am

Government plans to build several new nuclear reactors

Pakistan plans to build at least three to four big reactors as it targets nuclear power capacity of 8,800 megawatts (MW) by 2030, the country's atomic energy commission chairman said. Pakistan has five small reactors in operation with combined capacity of

Published 01 Nov, 2017 12:00am

Economic corridor: China to undertake three $1 billion projects

China is going to undertake three new infrastructure projects with estimated cost of $1 billion under the China-Pakistan Economic Corridor (CPEC), said Chairman National Highway Authority (NHA) Shahid Ashraf Tarar. "National Highway Authority launched pro

Published 01 Nov, 2017 12:00am

Economic corridor: China to undertake three $1 billion projects

China is going to undertake three new infrastructure projects with estimated cost of $1 billion under the China-Pakistan Economic Corridor (CPEC), said Chairman National Highway Authority (NHA) Shahid Ashraf Tarar. "National Highway Authority launched pro

Published 01 Nov, 2017 12:00am

Economic corridor: China to undertake three $1 billion projects

China is going to undertake three new infrastructure projects with estimated cost of $1 billion under the China-Pakistan Economic Corridor (CPEC), said Chairman National Highway Authority (NHA) Shahid Ashraf Tarar. "National Highway Authority launched pro

Published 01 Nov, 2017 12:00am

Whither PIA?

Pakistan International Airlines (PIA), the national flag carrier, is considering suspending its flight operations to the United Stated from January 2018, which began in 1961, due to "low traffic". It has reportedly stopped booking for its twice a week fli

Updated 01 Nov, 2017 12:12pm

Exchange

It ain't over yet, or is it?

A perception widely shared by former prime minister Nawaz Sharif's detractors in particular, that a time when the Sharifs made a lot of money or had a lot of successes or pleasures has ended may appear to be unrealistic after the PML-N's recent huddle in

Updated 01 Nov, 2017 11:20am

Strengthening AML laws

The volume of suspicious transaction reports submitted by banks and others across key financial centres is said to be growing at 11% per year, with over 2.6 million reports expected to be filed in the UK and the United States in 2017. However, a new study

Published 01 Nov, 2017 12:00am

Cotton

SBP on GDP

Notwithstanding my personal views that as far as economic indicators for determining growth go GDP is an absolute impostor, conventional wisdom suggests that after achieving a 5.3% growth, compared with 4.5% last year, it's time to paint the town red. Hen

Published 01 Nov, 2017 12:00am

Exchange

Swiss prosecutors seek widening of secrecy law to bankers abroad

Swiss prosecutors are seeking a court ruling that would make it easier to convict whistleblowers for breaking the country's bank secrecy law wherever they are in the world, legal documents show. The Swiss Banking Act requires employees of Swiss-regulated

Published 01 Nov, 2017 12:00am

Arresting the imbalance in trade

This is apropos a Business Recorder editorial titled "Grappling with widening trade deficit" published on October 29, which has referred to recent steps of the government to arrest rising imbalance in trade and expressed apprehension whether or not

Published 01 Nov, 2017 12:00am

PPP's founding day on December 5

Pakistan Peoples Party will observe its founding day on 5th December here at Parade Ground instead of 30th Nov, as the 12th Rabi-ul-Awwal is falling on this day. The PPP made this decision in a meeting held under the party chairman Bilawal Bhutto Zardari

Published 01 Nov, 2017 12:00am

Narcotics control: $9 million financial aid stopped by US, NA body told

The United States has stopped $ 9 million financial assistance to Pakistan which the former gives to the latter annually for narcotics control. Director General Anti-Narcotics Force (ANF), Major General Musarrat Nawaz Malik said this while briefing the Na

Published 01 Nov, 2017 12:00am

Government urged to declare export emergency

The government was urged to declare export emergency to control the slide in exports and take tangible measures for protection and promotion of the export industry. According to official minutes, the finance committee of the National Assembly after detail

Published 01 Nov, 2017 12:00am

Nawaz-League will be led by Nawaz Sharif: Aitzaz

PPP Senator Chaudhry Aitzaz Ahsan here Tuesday said that minus-one formula in political parties is not correct and those who were promoting it in their political parties should not be successful. He expressed these views while talking to the reporters aft

Published 01 Nov, 2017 12:00am

Nawaz, Zardari meeting likely in London

Backdoor contacts have been established between Pakistan Muslim League-Nawaz (PML-N) and Pakistan People's Party (PPP) and a mutual friend of Nawaz Sharif and Asif Ali Zardari is busy in bringing the two sides closer.

Published 01 Nov, 2017 12:00am

Dar meets Nawaz Sharif in London

Finance Minister Ishaq Dar met former Prime Minister Nawaz Sharif in London on Monday night. Ishaq Dar held a one-on-one meeting with former PM Nawaz Sharif.

Published 01 Nov, 2017 12:00am

Ghani, Mattis to visit Pakistan soon: Tehmina Janjua

Afghan President Ashraf Ghani and US Secretary of Defence James Mattis would arrive in Pakistan soon for talks on issues of bilateral interests and regional situation, said Foreign Secretary Tehmina Janjua. In an informal chat with reporters after address

Published 01 Nov, 2017 12:00am

Vohra involved in money-laundering case: Merchant

Deputy Mayor Arshad Vohra is also involved in the money-laundering case for the Muttahida Qaumi Movement-London (MQM-L), former party member Sarfaraz Merchant alleged on Monday night. Merchant, the party founder's former aide and one of the accused in the

Published 01 Nov, 2017 12:00am

First international conference on poultry begins today

The Department of Poultry Production of the University of Veterinary and Animal Sciences, Lahore in collaboration with Higher Education Commission (HEC), Pakistan Poultry Association (PPA) and K&N's Chicken is arranging 1st International Conference on Pou

Published 01 Nov, 2017 12:00am

Exchange

Judgement reserved on petition against Fawad

Islamabad High Court Tuesday reserved judgment in a petition seeking directives to National Accountability Bureau (NAB) to probe the alleged corruption of Prime Minister's Principal Secretary Fawad Hassan Fawad.

Published 01 Nov, 2017 12:00am

Ahsan urges people of Sindh to vote for socio-economic uplift

Federal Minister for Interior, Planning and Development, Professor Ahsan Iqbal on Tuesday emphasized that instead of remaining glued to one political party, the people of Sindh should be rationale and makes the best use of their votes for their better fut

Published 01 Nov, 2017 12:00am

Moot on 'ADHD, dyslexia' held in AKUH

Kazim Trust held its 3rd annual conference on Attention Deficit Hyperactivity Disorder (ADHD) and Dyslexia at Aga Khan University Hospital, in Karachi. The conference was attended by parents, doctors, students of psychology and teachers of various schools

Published 01 Nov, 2017 12:00am

Appointment

The Governor/Chancellor has appointed Professor Dr Ashfaq Ahmad Maan, Chairman, Department of Rural Sociology as Dean Faculty of Social Sciences, University of Agriculture Faisalabad for the period of three years. Besides, 137 research publications to his

Published 01 Nov, 2017 12:00am

PMA stages demo

The Pakistan Medical Association on Tuesday staged a demonstration outside the Karachi Press Club, demanding regularization of all doctors of the health deepartment government of Sindh. They demanded time scale promotions for doctors' general cadre, a spe

Published 01 Nov, 2017 12:00am

UET VC visits Frontier Foundation

Vice Chancellor, University of Engineering and Technology Peshawar, Professor Dr Iftikhar Hussain visited the Frontier Foundation here on Tuesday. The Vice chancellor met Sahibzada Muhammad Haleem, Chief Executive Officer and greeted the Thalessemia patie

Published 01 Nov, 2017 12:00am

Exchange

SECP incorporates 8,286 companies in fiscal year 2017

Improvement in the macroeconomic environment of the country has led to increased incorporation of companies in FY 2017. The Securities and Exchange Commission of Pakistan incorporated 8,286 companies in FY 2017 compared to 6,200 companies in FY 2016. The

Published 01 Nov, 2017 12:00am

IT returns: LCCI for date extension

The Lahore Chamber of Commerce and Industry (LCCI) has urged the Ministry of Finance and the Federal Board of Revenue (FBR) to extend the date for filing of income tax returns at least till December 31 as there is a huge decline in the number of filers. L

Published 01 Nov, 2017 12:00am

Partly Facetious: He didn't go at taxpayers' expense

"Democracy is here at last!"

Published 01 Nov, 2017 12:00am

Minister calls for property tax survey in Sukkur

Sindh Minister for Excise, Taxation and Narcotics Control Mukesh Kumar Chawla has directed relevant officers to accelerate property and professional tax survey in Sukkur and in this regard, all legal and technical issues should be removed at earliest. Pre

Published 01 Nov, 2017 12:00am

'World Savings Day 2017' celebrated

National Savings Karachi celebrated "World Savings Day-2017", celebrated globally on 31st October every year, to create awareness about the importance of savings. Being a member of World Savings Banks Institute (WSBI), National Savings also celebrates thi

Published 01 Nov, 2017 12:00am

Students declare SU a 'safe campus'

Thousands of female and male students declare University of Sindh a 'Safe Campus'. This declaration was voiced vociferously in a rally taken out by SU girl students from Mausoleum of Allama I I Kazi to Central Library as hundreds of girls, their class and

Published 01 Nov, 2017 12:00am

Mari Petroleum's PAT surges to Rs 3.613 billion

The profit after tax of Mari Petroleum Company Limited has increased to Rs 3.613 billion in the quarter ended September 30, 2017 as compared to Rs 2.765 billion earned in the corresponding period in 2016. The board of directors of the company in its meeti

Published 01 Nov, 2017 12:00am

Mari Petroleum's PAT surges to Rs 3.613 billion

The profit after tax of Mari Petroleum Company Limited has increased to Rs 3.613 billion in the quarter ended September 30, 2017 as compared to Rs 2.765 billion earned in the corresponding period in 2016. The board of directors of the company in its meeti

Published 01 Nov, 2017 12:00am

Polio team attacked in Hyderabad

Unidentified people assaulted a polio vaccination team in Heerabad Qureshi area of the city on Tuesday after a reported disagreement. The anti-polio team did not have a police escort with it. Following the incident, the vaccination campaign in the area ha

Published 01 Nov, 2017 12:00am

Ban imposed on transfer, posting of teachers in Sindh

Sindh Minister for Education and Literacy, Jam Mehtab Hussain Dahar, has said that a ban has been imposed on transfers and postings of teachers of the education department for two months. Presiding over a meeting, he said, purpose of this ban was to solve

Published 01 Nov, 2017 12:00am

Professor Kazmi elected KUTS president

Jamil Kazmi of the Karachi University Teachers Forum was elected president of the Karachi University Teachers Society on Tuesday, securing 303 votes. He closely defeated the candidate of the Teachers Alliance for Good Governance, Riaz Ahmed, who secured 2

Published 01 Nov, 2017 12:00am

PBA office-bearers

Pakistan Broadcasters Association held its Annual General Meeting on October 31, 2017 (today). Majority of members from TV +ACY- Radio category were present at the meeting.

Published 01 Nov, 2017 12:00am

KCCI appoints heads of 16 sub-committees

The Karachi Chamber of Commerce and Industry (KCCI) has appointed chairmen of 16 sub-committees and 4 special committees for the year 2017-18.

Published 01 Nov, 2017 12:00am

P&G joins UN Women for women's economic empowerment

Procter & Gamble (P&G) has partnered with UN Women to contribute towards the economic empowerment of women in Pakistan. The initiative includes supporting women entrepreneurship and gender-responsive procurement in the country. The partnership was announc

Published 01 Nov, 2017 12:00am

Brother of ex-KCCI president among two arrested by NAB

National Accountability Bureau (NAB) Karachi on Tuesday arrested two persons including a brother of former president of Karachi Chamber of Commerce and Industry (KCCI) in fake sales tax case. Luqman Javed and Abdul Hameed Agar were said to be beneficiarie

Published 01 Nov, 2017 12:00am

Foggy weather forecast

The Met Office on Tuesday said that fog is expected to grip plains of Punjab and forecast hot and dry weather for the most parts of the country in the next 24 hours. Heat wave spell is likely to continue in Karachi over the next two days (Wednesday and Th

Published 01 Nov, 2017 12:00am

Government plans to launch Asaan mobile account scheme in January

The government is planning to launch Asaan Mobile Account (AMA) Scheme in January 2018 to allow any person with a basic mobile phone to open a digital transaction account swiftly through a unified Unstructured Supplementary Service Data (USSD) code or str

Published 01 Nov, 2017 12:00am

Pesco to purchase more electricity through net metering

Board of Directors (BoD), Peshawar Electricity Supply Company (PESCO) has given approval for purchase of additional electricity from domestic, industrial and commercial consumers up to 1MW through net metering. The approval was accorded in a special meeti

Published 01 Nov, 2017 12:00am

Rashid meets Qadri in Toronto

Awami Muslim League (AML) chief Sheikh Rashid Ahmed met with Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri in Toronto and discussed current political situation in the country. According to Lal Haveli, Rawalpindi spokesman, both leaders also discusse

Published 01 Nov, 2017 12:00am

Palestinian killed

Israeli forces opened fire on a "suspect" vehicle in the occupied West Bank on Tuesday, killing one Palestinian and wounding another, Israel's army and the Palestinian health ministry said. An army statement said a vehicle approached Israeli soldiers in a

Published 01 Nov, 2017 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

The following were Tuesday's Rotterdam vegetable oil prices at 1700 GMT:

Published 01 Nov, 2017 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

The following were Tuesday's Rotterdam vegetable oil prices at 1700 GMT:

Published 01 Nov, 2017 12:00am

Exchange

Rubber tumbles

Benchmark Tokyo rubber futures hit a four-month low on Tuesday, dragged lower by another decline in Shanghai futures as worries over sluggish demand weighed, brokers said. The Tokyo Commodity Exchange rubber contract for April delivery finished 2.8 yen lo

Published 01 Nov, 2017 12:00am

Oil up near two-year highs, analysts see more US crude exports

Oil prices settled higher again on Tuesday, notching a monthly gain of more than 5 percent, but analysts said bullish sentiment that has driven Brent crude to its highest in more than two years could encourage US producers to export more oil. Brent settle

Published 01 Nov, 2017 12:00am

Exchange

Copper prices slip; nickel jumps

Copper fell on Tuesday as its rebound from Friday's 2 percent drop was arrested by concerns that the market had become overextended during this month's push to three-year highs above $7,000 a tonne. Nickel jumped sharply around the close of open outcry tr

Published 01 Nov, 2017 12:00am

Exchange

Shanghai copper up

The most-traded copper contract on the Shanghai Futures Exchange closed 0.58 percent higher at 53,820 yuan ($8,118.26) a tonne. ShFE nickel and zinc saw the greatest advances among Chinese metals futures, up 2.8 percent and 1.8 percent respectively in ste

Published 01 Nov, 2017 12:00am

Cotton

Cotton up on lingering crop damage concerns

ICE cotton futures edged up on Monday as concerns of crop damage in top producer Texas persisted, ahead of crop progress data from the US government. "There is a little bit of concern over freezing temperatures in Lubbock, Texas," said Rogers Varner, pres

Published 01 Nov, 2017 12:00am

Exchange

China, South Korea agree to mend ties after THAAD standoff

Seoul and Beijing on Tuesday agreed to move beyond a year-long stand-off over the deployment of a US anti-missile system in South Korea, a dispute that has been devastating to South Korean businesses that rely on Chinese consumers. The unexpected detente

Published 01 Nov, 2017 12:00am

Tensions rise after Israel blows up tunnel from Gaza

Tensions rose Tuesday after an Israeli operation to blow up a tunnel from the Gaza Strip killed seven Palestinian militants in one of the deadliest incidents since a devastating 2014 war. The seven men, from the armed wings of Gaza's rulers Hamas and alli

Published 01 Nov, 2017 12:00am

Bosnia extradites Kosovo jihadist to US

Bosnia has extradited to the United States a Kosovo jihadist whom Washington suspects of links to jihadist groups, four months after his arrest in Sarajevo, prosecutors said Tuesday. Bosnia's prosecutors "took part in a complex operation to locate and ext

Published 01 Nov, 2017 12:00am

Kenya's Odinga rejects 'sham' election, pledges to fight on

Kenya's opposition leader Raila Odinga on Tuesday rejected outright the result of last week's "sham" election, vowing to fight on after the protest-hit poll that handed President Uhuru Kenyatta a landslide win. "This election must not stand. If allowed to

Published 01 Nov, 2017 12:00am

Syria regime shelling kills four schoolchildren

Syrian regime shelling killed four schoolchildren and a man on Tuesday in the rebel-held besieged town of Jisreen east of the capital Damascus, a Britain-based monitor and a medical source said. "A shell fired by regime troops hit the entrance of a school

Published 01 Nov, 2017 12:00am

UN names new coordinator to unblock aid for Myanmar

The United Nations on Tuesday named a new interim relief coordinator in Myanmar as the government continues to block demands that humanitarian workers be allowed to reach Muslim Rohingya in Rakhine state. Knut Ostby of Norway, who has worked for the Unite

Published 01 Nov, 2017 12:00am

US, Italy bid to sell Czech army 12 helicopters

The United States and Italy have offered to sell the Czech army 12 helicopters, the Czech Defence Ministry said on Tuesday, a deal worth an estimated $575 million that is on hold until a new government takes office. Bell Helicopter, a unit of Textron, and

Published 01 Nov, 2017 12:00am

Russia says its submarine fired missiles at IS base in Syria

Russia said Tuesday its submarine deployed in the Mediterranean fired three ballistic missiles to destroy a command post of the Islamic State group in Syria's eastern Deir Ezzor province. "A missile strike with three Kalibr missiles destroyed a command po

Published 01 Nov, 2017 12:00am

Hollywood producers kick out disgraced Weinstein

The Producers Guild of America banned disgraced movie mogul Harvey Weinstein for life on Monday, vowing that sexual harassment would no longer be tolerated within its ranks. New accusations of sexual assault have continued to pour in since investigations

Published 01 Nov, 2017 12:00am

Suicide bomber attacks Kabul's diplomatic zone, five dead

A suicide bomber believed to be as young as 12 struck Kabul's heavily fortified diplomatic quarter on Tuesday and killed at least five people, showing that militants can still hit the heart of the city despite tighter security. It was the first attack tar

Published 01 Nov, 2017 12:00am

Shortfall in climate action is 'catastrophic': UN

There is a "catastrophic" gap between national pledges to reduce greenhouse gas emissions and the actions needed to cap global warming below two degrees Celsius, the UN's environment chief warned Tuesday, days ahead of global climate talks in Bonn. Even i

Published 01 Nov, 2017 12:00am

Holder, Dowrich keep Windies in command

An unbroken 144-run stand for the eighth wicket between Jason Holder and Shane Dowrich ensured the West Indies emerged from day three of the second Test against Zimbabwe on Tuesday with a vital first-innings lead. Holder and Dowrich came together with the

Published 01 Nov, 2017 12:00am

SBP Governor's Cup Cricket ends: ABL, ZTBL qualify for 'Super Series'

In the final of 14th SBP Governor's Cup Interbank Regional Cricket Tournament recently held at Islamabad, the team ZTBL defeated ABL North Group after a nail-biting encounter. However, team ABL managed to secure a place in the SBP Governor's Cup Interbank

Published 01 Nov, 2017 12:00am

Farah splits with long-time coach Salazar

Long-distance running star Mo Farah is leaving long-time coach Alberto Salazar to return home to Britain but denies the split is related to doping allegations surrounding the Oregon-based guru. Farah, who retired from the track earlier this year after a g

Published 01 Nov, 2017 12:00am

Vandeweghe beats Chinese wild card

America's Coco Vandeweghe beat her Chinese wild card opponent on the first day of the WTA Elite Trophy on Tuesday, bringing her a step closer to a semi-final berth. The second seed, making her debut at the season-ending tournament, downed China's number o

Published 01 Nov, 2017 12:00am

Currency	Rate
USD PKR Interbank Selling / May 15	281.68
USD PKR Interbank Buying / May 15	281.43
USD to Japanese Yen / May 15	145.80
USD to Swiss Franc / May 15	0.84
Pound Sterling to USD / May 15	1.33
Euro to USD / May 15	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 14	5,892.58
Nasdaq / May 14	19,146.81
Dow Jones / May 14	42,051.06
India Sensex / May 15	80,937.53
Tokyo Nikkei / May 15	37,755.51
Hang Seng / May 15	23,453.16
FTSE 100 / May 15	8,561.58
Germany DAX 30 / May 15	23,462.44
France CAC40 / May 15	7,814.71

Item	Value
Karachi Cotton PKR/37.32 KG / May 14	16,985
Gold 10 Grams PKR / May 14	293,124
Petrol/Litre / May 15	252.63
Crude Oil USD/Barrel / May 15	60.66
Gold Spot USD/Ounce / May 15	3,162.99
Diesel/Litre / May 15	256.64
Cotton US¢/pound / May 15	65.21

Stock	Price
Cres.Star Ins. / May 15 Crescent Star Insurance Limited(CSIL)	3.02 ▲ 0.41 (15.71%)
Parmount Sp. / May 15 Paramount Spinning Mills Limited(PASM)	3.70 ▲ 0.46 (14.2%)
Ghani Chemworld / May 15 Ghani Chemworld Limited(GCWL)	9.14 ▲ 1 (12.29%)
S.G.Power / May 15 S.G. Power Limited(SGPL)	8.65 ▲ 0.94 (12.19%)
Premier Insurance / May 15 Premier Insurance Limited(PINL)	5.83 ▲ 0.63 (12.12%)
Dewan Mushtaq / May 15 Dewan Mushtaq Textile Mills Limited(DMTM)	9.83 ▲ 1 (11.33%)
Hala Enterprise / May 15 Hala Enterprises Limited(HAEL)	13.26 ▲ 1.21 (10.04%)
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	22.06 ▲ 2.01 (10.02%)
Flying Cement / May 15 Flying Cement Company Limited(FLYNG)	49.46 ▲ 4.5 (10.01%)
Octopus Digital / May 15 Octopus Digital Limited(OCTOPUS)	52.09 ▲ 4.74 (10.01%)

Stock	Price
Olympia Mills / May 15 Olympia Mills Limited(OML)	50.47 ▼ -5.06 (-9.11%)
Hussain Industries / May 15 Husein Industries Limited(HUSI)	26.65 ▼ -2.64 (-9.01%)
Apna Microfin. / May 15 Apna Microfinance Bank Limited(AMBL)	10.04 ▼ -0.91 (-8.31%)
Askari Life Assur. / May 15 Askari Life Assurance Company Limited(ALAC)	4.63 ▼ -0.35 (-7.03%)
Imperial Limited / May 15 Imperial Limited(IML)	16.52 ▼ -1.23 (-6.93%)
B. F. Mod. / May 15 B.F. Modaraba(BFMOD)	8.73 ▼ -0.61 (-6.53%)
Punjab Oil / May 15 Punjab Oil Mills Limited(POML)	186.82 ▼ -11.54 (-5.82%)
Equity Modaraba / May 15 First Equity Modaraba(FEM)	2.85 ▼ -0.16 (-5.32%)
Pakgen Power / May 15 Pakgen Power Limited(PKGP)	114.14 ▼ -6.39 (-5.3%)
Ashfaq Textile / May 15 Ashfaq Textile Mills Limited(ASHT)	12.34 ▼ -0.68 (-5.22%)

Stock	Volume
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	50,818,876 ▲ 2.68
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	47,570,881 ▲ 0.48
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	40,246,546 ▲ 0.16
Kohinoor Spining / May 15 Kohinoor Spinning Mills Limited(KOSM)	32,888,417 ▲ 0.18
At-Tahur Ltd. / May 15 At-Tahur Limited(PREMA)	29,667,657 ▲ 4.48
Sui South Gas / May 15 Sui Southern Gas Company Limited(SSGC)	25,344,612 ▲ 0.91
Waves Corporation / May 15 Waves Corporation Limited(WAVES)	21,773,148 ▲ 0.29
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	16,962,449 ▲ 3.34
B.O.Punjab / May 15 The Bank of Punjab(BOP)	16,957,410 ▲ 0.15
WorldCall Telecom / May 15 Worldcall Telecom Limited(WTL)	16,572,822 ▲ 0.03

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