News Archives for Print - 2017-11-22

Print - 2017-11-22

UK ministers 'agree in principle to higher Brexit bill'

Senior British ministers have agreed to offer more money to Brussels in Brexit negotiations, but only as part of a final deal on leaving the EU, a government source said Tuesday. Leading eurosceptics were among ministers who signed off on the idea at a ca

Published 22 Nov, 2017 12:00am

Cotton

Cotton climbs over 2pc on technical buying, mill fixations

ICE cotton futures jumped over 2 percent on Monday, supported by technical buying and mill fixations, as prices crossed a key level for the first time in over two months amid quality concerns about this year's crop. Cotton contracts for March settled up 1

Published 22 Nov, 2017 12:00am

Exchange

China aluminium plummets

China aluminium futures fell sharply on Tuesday to their lowest in more than three months, dragged down by signs of robust global production. The most-traded aluminium contract on the Shanghai Futures Exchange lost 2.45 percent to close at 14,910 yuan ($2

Published 22 Nov, 2017 12:00am

Exchange

Aluminium slips on doubts over China supply cuts

Aluminium prices fell on Tuesday towards the near-three-month lows hit last week on expectations that the pace of supply cuts from top producer China would slow and demand growth weaken. Benchmark aluminium on the London Metal Exchange ended down 0.2 perc

Published 22 Nov, 2017 12:00am

Oil rises ahead of Opec meeting, capped by rising US output

Oil edged up on Tuesday, supported by expectations that Opec and other producing countries next week would extend output cuts, but signs of higher US crude output kept prices under pressure. "Geopolitical tensions in the Middle East and a deteriorating ma

Published 22 Nov, 2017 12:00am

Exchange

Rubber rises

Benchmark Tokyo rubber futures rose on Tuesday, snapping a four-session losing streak, as investors looked for bargains after the market hit a five-month low earlier in the session, but gains were capped amid worries over higher stocks and slower economic

Published 22 Nov, 2017 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

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

Published 22 Nov, 2017 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

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

Published 22 Nov, 2017 12:00am

Vegetable Oil

Palm oil higher

Malaysian palm oil futures rose on Tuesday, reversing a slide to its weakest since mid-August earlier in the day, after top buyer India raised its import duties on vegetable oils. India lifted the import tax on crude palm oil to 30 percent from 15 percent

Published 22 Nov, 2017 12:00am

Cocoa climbs as grindings rise; arabica coffee soars

Cocoa prices rose on Tuesday, with an increase in grindings expected to diminish the size of any global surplus this season, while arabica coffee regained some ground after a recent slide. March New York cocoa was up $24, or 1.2 percent, at $2,114 a tonne

Published 22 Nov, 2017 12:00am

Gold falls in New York

Gold fell more than 1 percent on Monday, giving up the prior session's gains on pressure from the rising dollar, expectations for US interest rate hikes and as the market entered a holiday week. Spot gold was down 1.4 percent at $1,275.66 an ounce by 2:38

Published 22 Nov, 2017 12:00am

Gold edges higher in Asia

Gold prices inched higher on Tuesday, with investors waiting for minutes from the US Federal Reserve's last meeting for clues on the outlook for potential rate rises. The minutes of the meeting, when it kept interest rates unchanged, will be released on W

Published 22 Nov, 2017 12:00am

Currency

Gold advances in Europe

Gold rebounded on Tuesday as investors anticipated signals on the direction of US monetary policy from the minutes of a Federal Reserve meeting held in November. Spot gold was up 0.5 percent at $1,283.03 per ounce, as of 1504 GMT. The metal fell about 1.4

Published 22 Nov, 2017 12:00am

US MIDDAY: wheat rises

Chicago wheat futures rose about 1 percent on Tuesday as a decline in US crop ratings and news of radioactive pollution in the Ural mountains triggered a round of short-covering and concern about wheat exports from Russia, the world's top supplier. Corn a

Published 22 Nov, 2017 12:00am

US MIDDAY: gold edges up

Gold bounced up slightly on Tuesday, as a weaker US dollar gave bullion a boost after the previous day's sharp decline and as investors awaited the minutes, due on Wednesday, of the Federal Reserve meeting held in November. Gold benefited from some safe-h

Published 22 Nov, 2017 12:00am

PM for intensifying cooperation on CPEC projects

The Chinese Assistant Foreign Minister, Kong Xuanyou along with his delegation called on the Prime Minister Shahid Khaqan Abbasi on Tuesday at the Prime Minister's Office. Kong is visiting Pakistan for the 8th round of Pakistan-China Strategic Dialogue. A

Published 22 Nov, 2017 12:00am

Punjab assembly to shine in orange colour

Women Development Department Punjab (WDD), as per its last year practice would celebrate 16 days of activism to create awareness to stop violence against women and in this connection, the historic building of provincial Assembly of Punjab would be illumin

Published 22 Nov, 2017 12:00am

Naval chief visits forward posts in Creeks area

Chief of the Naval Staff Admiral Zafar Mahmood Abbasi visited Pakistan Navy's forward posts in the Creeks area near Pak-India border, to review operational readiness of deployed Pak Marines. Upon arrival, Chief of the Naval Staff was received by Commander

Published 22 Nov, 2017 12:00am

Exchange

Mutual Funds: 'SECP committed to protecting rights of unit holders'

The Securities and Exchange Commission of Pakistan (SECP) has observed that the Commission is committed to protecting the rights of unit holders by maintaining discipline in mutual fund industry and any condition imposed or direction given to a regulated

Published 22 Nov, 2017 12:00am

Saif Power Limited

Saif Power Limited (PSX: SPWL) is a relatively new IPP, operating under the 2002 Power Policy, on a Build, Own and Operate basis in Sahiwal District of Punjab, Pakistan. It was incorporated on 11 November 2004 as a public limited company under the Compani

Published 22 Nov, 2017 12:00am

Saif Power Limited

Published 22 Nov, 2017 12:00am

Tetra Pak Index highlights new marketing, communication challenges

The Tetra Pak Index 2017 highlights new marketing and communication challenges and offers some interesting consumer insights in the wake of ever increasing influence of online and social media. These findings can be very helpful to predict market trends f

Published 22 Nov, 2017 12:00am

Livestock, agriculture & dairy farming: Netherlands desirous of promoting cooperation with Punjab: envoy

Ambassador of Netherlands Ardi Stoios-Braken Tuesday said that her country is desirous of promoting cooperation with Punjab in livestock and dairy sectors. "Pakistan is a peaceful country and steps would be taken to enhance cooperation with the Punjab gov

Published 22 Nov, 2017 12:00am

Government has failed on all fronts, says Siraj

Chief of Jamaat-e-Islami, Senator Sirajul Haq, has said that the government is a failure on all fronts and has become a threat even to the geographical existence of the country. According to media cell of JI Lahore, while addressing a seminar on "the role

Published 22 Nov, 2017 12:00am

CM seeks regional cooperation to tackle smog issue

Punjab Chief Minister Muhammad Shahbaz Sharif has sought a regional cooperation agreement to tackle the issue of smog and environment pollution. Shahbaz has written a letter to his Indian counterpart and invited him to enter a regional cooperation agreeme

Published 22 Nov, 2017 12:00am

Discos to start SMS service to curb wrong billing

On the direction of the Federal government, the Electricity Distribution Companies (DISCOs) are initiating SMS service for consumers for dissemination of information regarding meter reading, bill, and electricity related matters to ensure accurate meter r

Published 22 Nov, 2017 12:00am

NAB gets custody of former ETPB secretary

An accountability court on Tuesday allowed the National Accountability Bureau (NAB) to have 10-day physical custody of former secretary of Evacuee Trust Property Board (ETPB) Ameer Khan involved in Rs 985 million corruptions. The NAB officials produced A

Published 22 Nov, 2017 12:00am

Diabetics urged avoid sedentary lifestyle

Leading medical experts at an awareness seminar said on Tuesday that diabetes can be prevented by following a healthy and active lifestyle. The event was organised by Jinnah-Allama Iqbal Institute of Diabetes and Endocrinology (JAIDE) in collaboration wit

Published 22 Nov, 2017 12:00am

Cotton

Society must benefit from academic research: Dr Arshad

Higher Education Commission of Pakistan's Executive Director Professor Dr Arshad Ali has said that the benefits of academic research must reach the society and this was one of the basic objectives of academic institutions to do research which could contri

Published 22 Nov, 2017 12:00am

'Crops' production surges by 8 percent in Punjab'

Secretary Agriculture Punjab Muhammad Mehmood claimed on Tuesday that the agricultural sector grew by 3.5 percent, while the production of different crops increased by 8 percent in Punjab as a result of farmer friendly policies introduced by the governmen

Published 22 Nov, 2017 12:00am

School timings: notification withdrawn

Punjab Schools Education Department has withdrawn the notification issued on November 07, 2017 regarding the change in school timings in all the public and private educational institutions due to smog in the Punjab with immediate effect. All the education

Published 22 Nov, 2017 12:00am

Permission of partridge hunting withdrawn

The provincial Wildlife and Parks Department has withdrawn permission of partridge hunting from Jhelum and Sohawa tehsils of the province because of mass scale hunting of the bird soon after the launch of partridge hunting season 2017-18. As per the notif

Published 22 Nov, 2017 12:00am

Eradication of terrorism: 'Pak-US ties need collaborative diplomatic efforts'

Pakistan's strategic ties with the United States are of crucial importance and it needs further collaborative diplomatic efforts to stamp out the menace of terrorism in the region. Addressing a seminar on "Implications of Trump's new policy on South Asia"

Published 22 Nov, 2017 12:00am

Khushhali Microfinance Bank marks Women's Entrepreneurship Day

Khushhali Microfinance Bank, the leading microfinance bank of Pakistan, celebrated the Women's Entrepreneurship Day with the pledge to continue its support for women owned businesses. Celebrated every year on November 19, World Women's Entrepreneurship Da

Published 22 Nov, 2017 12:00am

Glowing tributes paid to Professor Abdus Salam

A seminar was organized on Tuesday at Government College University (GCU) Lahore, to pay glowing tributes to Pro Abdus Salam for his contributions in the fields of Mathematics and Physics; and the role he played for development of science in Pakistan. Pro

Published 22 Nov, 2017 12:00am

Two-day seminar on public-private partnership to begin on November 28

Defence Export Promotion Organization (DEPO) is organising a two-day Public Private Partnership (PPP) seminar in collaboration with Sustainable Development Policy Institute (SDPI) in Islamabad from November 28 and 29, 2017. The seminar would be inaugurate

Published 22 Nov, 2017 12:00am

279 awarded degrees at NUST convocation

As many as 279 graduates of National University of Sciences & Technology received Bachelor's, Master's and PhD degrees at the combined convocation of School of Natural Sciences (SNS), Atta-ur-Rahman School of Applied Bio-Sciences (ASAB) and School of Art,

Published 22 Nov, 2017 12:00am

Exchange

US CG lauds NCA's performance

Consul General of United States Elizabeth Kennedy Trudeau has said that the National College of Arts, Lahore has not only developed a great stature in Pakistan but has also become an important art institution globally. She expressed these views during her

Published 22 Nov, 2017 12:00am

Model Town incident: counsel concludes arguments

The counsel for victims of the Model Town killing incident on Tuesday concluding his arguments in an appeal of the government against publication the inquiry report said that trial would not be prejudiced if Justice Najafi's report is released. The court

Published 22 Nov, 2017 12:00am

Afghan government, Taliban urged to hold unconditional dialogue

Pakistan on Tuesday called for unconditional dialogue between Afghan Taliban and Afghanistan government to bring peace to the war torn country. Dr Maleeha Lodhi, Pakistan's Ambassador to the UN, while participating in the annual debate in the General Asse

Published 22 Nov, 2017 12:00am

Body investigating 'IB list' speaks to Pemra officials

The National Assembly Fact-Finding Committee (FFC) formed to investigate a list purportedly prepared by Intelligence Bureau (IB) to monitor 37 parliamentarians believed to have links with banned outfits, listened to the point of view of PEMRA officials as

Published 22 Nov, 2017 12:00am

Shahbaz orders inquiry into elderly couple torture incident

Chief Minister of Punjab Shahbaz Sharif on Monday night took notice of an incident of abuse of an elderly couple at the hands of police, suspending the officials allegedly involved, a spokesperson for the office of the government of Punjab said. After ord

Published 22 Nov, 2017 12:00am

TLYRA's sit-in: body to look into demands notified

The Ministry of Religious Affairs has notified the six members committee to look into the demands of participants of Tehreek Labbaik Ya Rasool Allah (TLYR) sit in. As per notification, Pir Husainuddin Shah is the convener of the committee and its members

Published 22 Nov, 2017 12:00am

PAC informed: DHA Lahore occupies 300 kanals of ETPB land

The Public Accounts Committee (PAC) was informed on Tuesday that Defense Housing Authority (DHA) Lahore has occupied 300 kanals of land of the Evacuee Trust Property Board (ETPB) which has caused Rs 1.93 billion loss to national kitty. The PAC meeting hel

Published 22 Nov, 2017 12:00am

ACCA, KP government ink MoU to improve public financial management

A memorandum of understanding (MoU) was signed between the Association of Chartered Certified Accountants Pakistan (ACCA), the Auditor General of Pakistan (AGP) and Governance and Policy Project Khyber Pakhtunkhwa (KP). This MoU aimed at working in collab

Published 22 Nov, 2017 12:00am

Cotton

FFC undertakes several CSR initiatives

A leading fertilizer company has been actively engaged in Corporate Social Responsibility (CSR) initiatives in the sectors of education, healthcare, community building, sports development and relief activities, and contributed a total amount of over Rs 1.

Published 22 Nov, 2017 12:00am

HRCP voices concern over revival of Talibanisation in SWA

The Human Rights Commission of Pakistan (HRCP) has expressed alarm over a recent incident where a peace committee in Wana, South Waziristan, has issued a ban on virtually all socio-cultural activities in the region, including preventing women's movement o

Published 22 Nov, 2017 12:00am

Oil & gas companies asked to invest in olive plantation

Speakers in a stakeholders' meeting in Karak have asked oil and gas companies to make investment in plantation of olive plants in the district. The purpose of the meeting in oil and gas rich district hosted by the district administration was to review dev

Published 22 Nov, 2017 12:00am

Exchange

TLYRA's sit-in causes around Rs 30 billion losses, opine traders

Business community has estimated direct and indirect loss of around Rs 30 billion due to sit-in of the Tehreek-e-Labaik Ya Rasool Allah (TLYRA) at the Faizabad Interchange, which entered the 17th day on Tuesday. Talking to Business Recorder, representativ

Published 22 Nov, 2017 12:00am

Exchange

Pakistan, Kazakhstan enjoy strong ties: Jhagra

A visiting delegation from Kazakhstan called on the Governor Khyber Pakhtunkhwa Engr. Iqbal Zafar Jhagra at Governor's House, Peshawar on Tuesday. The delegation was comprised of Zhanat Seidumanov, Arnur Rakhymbekow, Samal Tuleubayeva, Bakhtikhozha, Bolat

Published 22 Nov, 2017 12:00am

China provides all support to Pakistan for its prosperity: Yuan Peng

Vice President of China institute of contemporary international relations, Yuan Peng has said that China is providing all possible support to Pakistan for improving the living conditions of its people. Addressing Chinese and international media here on Tu

Published 22 Nov, 2017 12:00am

Special envoy on Korean Peninsula affairs of China meets CoAS

Assistant Foreign Minister and Special Envoy on Korean Peninsula Affairs of China Kong Xuanyou, and newly appointed Chinese Ambassador to Pakistan Yao Jing called on Chief of Army Staff (CoAS) General Qamar Javed Bajwa here on Tuesday at General Head Quar

Published 22 Nov, 2017 12:00am

Start-up Idea Competition: two-day celebrations commence at TMUC

The two-day celebrations of the Millennium Global Entrepreneurship Week MGEW 2017, an undertaking to commemorate start-up innovators and job creators, commenced with a Start-up Idea Competition at the Millennium University College (TMUC), H-11/4 Islamabad

Published 22 Nov, 2017 12:00am

FBR's system for e-verification of notices in the offing

The Federal Board of Revenue (FBR) is launching a new online system for taxpayers to electronically verify notices, orders and exemption certificates, etc, through the verification services, enabling business community to check fake notices/exemption cert

Published 22 Nov, 2017 12:00am

ABL donates ambulance to District Hospital Gwadar

In line with its CSR philosophy with special emphasis on Balochistan province, Allied Bank recently donated a fully equipped ambulance to District Hospital Gwadar in a simple but impressive ceremony held at Bank's Regional Office in Quetta, which was atte

Published 22 Nov, 2017 12:00am

Exchange

IDC, consulate organises 'Doing Business with Italy'

The Embassy of Italy in Islamabad and the Consulate of Italy in Karachi, with the support of AICE Milan, the Italian Development Committee (IDC) and Italian Trade Agency, has organized 'Doing Business with Italy, Second Edition'. It is centered on a semin

Published 22 Nov, 2017 12:00am

Modernization of Sindh's fisheries sector under way: Shah

While addressing a workshop on sustainable fisheries management, organised by WWF-Pakistan and the Sindh Fisheries Department in collaboration with Engro Foundation on the occasion of World Fisheries Day, Sohail Akbar Shah Secretary, Livestock and Fisheri

Published 22 Nov, 2017 12:00am

'Printpak 2017' concludes

The three-day exhibition of the printing and graphic arts industry, "Printpak 2017," concluded on Monday at the Expo Centre. Around 80 companies participated in the exhibition. There were more than 20 international firms from countries. Thirteen companies

Published 22 Nov, 2017 12:00am

One killed as oil tanker rams into house in Karachi

A speeding oil tanker crashed into a house in Korangi area of the city, killing one and injuring seven Tuesday morning. According to the police, the incident took place when the driver lost control of the oil tanker's steering wheel, taking the vehicle on

Published 22 Nov, 2017 12:00am

Sindh police is our baby but we cannot question them: Siyal

Sindh Home Minister Suhail Anwar Siyal has said that the provincial police are like a child that they have fostered and pampered, but cannot question. While addressing the media in the city on Tuesday, Siyal spoke about the issue of removal of the provinc

Published 22 Nov, 2017 12:00am

Chinese scholars to collaborate with SAU Tandojam

Chinese scholars and researchers in different fields representing South China Agriculture University (SCAU) on Tuesday showed keen interest to collaborate with Sindh Agriculture University (SAU) Tandojam and believe they have more opportunities for new ca

Published 22 Nov, 2017 12:00am

Government urged to help resolve millers-farmers standoff

The president of the Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has asked the government to find a solution to the standoff between cane millers and farmers. Increased sugarcane production has resulted in larger surplus stock

Published 22 Nov, 2017 12:00am

200k tons of garbage lifted from one Karachi district: mayor

The Karachi Metropolitan Corporation is to initiate the third phase of the ongoing Clean City Campaign in Karachi's District Korangi, city mayor Waseem Akhtar announced on Tuesday. He said that in the second phase of the cleanliness drive, which has been

Published 22 Nov, 2017 12:00am

OICCI pledges inclusive workplace, to empower women

The Overseas Investors Chamber of Commerce & Industry (OICCI) has pledged to create more inclusive workplaces and empower women in the workforce across Pakistan. This pledge was announced in collaboration with UN Women as part of an ambition to achieve th

Published 22 Nov, 2017 12:00am

16 foreigners among 18 held for illegally travelling to Europe

At least 18 people, including 16 foreigners being sent illegally to Europe, were recovered late Monday night following an operation in the Radbeen area near Turbat, security forces sources revealed. According to details, security forces conducted a raid o

Published 22 Nov, 2017 12:00am

Cotton

PARTLY FACETIOUS: The heavyweights

"Heavyweights have now entered the negotiations with the maulvis creating horrendous traffic jams in Islamabad for the 16th day..."

Published 22 Nov, 2017 12:00am

NBP president for efficient tax portal

Saeed Ahmed President National Bank of Pakistan (NBP) has urged the Federal Board of Revenue (FBR) for an efficient and ease portal for the success of electronic tax payment system. While, addressing at a seminar on "E-Payment System for duty and taxes" o

Published 22 Nov, 2017 12:00am

Cotton

Low cotton yield raises cost of doing business: APTMA

Zahid Mazhar Senior Vice Chairman All Pakistan Textile Mills Association (APTMA) has said that failure of cotton yield as anticipated for the third consecutive year has resulted in further increase in the cost of doing business. He said that the spinning

Published 22 Nov, 2017 12:00am

ICIMOD, NEA inaugurate solar energy system

The International Centre for Integrated Mountain Development (ICIMOD) and the Nepal Electricity Authority (NEA) formally inaugurated a solar energy system at ICIMOD headquarters this afternoon. The system employs a net metering system, which enables ICIMO

Published 22 Nov, 2017 12:00am

Kamal slams Sattar's role in politics

Pak Sarzameen Party (PSP) Chief Mustafa Kamal criticised Dr Farooq Sattar's role in politics. He warned Sattar to stop taunting and said that PSP exposed the real face of MQM founder. warned Sattar to stop taunting and said that PSP exposed the real face

Published 22 Nov, 2017 12:00am

Opposition's defeat in NA termed victory of democracy

Information Minister has described the defeat of opposition motion in National Assembly today as victory of democracy Minister of State for Information and Broadcasting Marriyum Aurangzeb says the will of the people will remain supreme in Pakistan.

Published 22 Nov, 2017 12:00am

Two insurgents, FC official killed in Turbat operation

As many as two insurgents were killed in a search operation in Turbat on Tuesday, informed security officials. A security official was also martyred and three injured in the operation. According to the sources, the Frontier Corps conducted a search operat

Published 22 Nov, 2017 12:00am

Military leadership be contacted to end TLYRA's sit-in: Khursheed

Leader of Opposition in the National Assembly, Syed Khursheed Ahmed Shah has said that Pakistan Muslim League-Nawaz (PML-N) government should contact the military leadership to peacefully end the ongoing sit-in of religious parties in Islamabad. The oppos

Published 22 Nov, 2017 12:00am

Seven held for crossing Pakistani border illegally

The Federal Investigation Agency (FIA) on Tuesday arrested seven people in Gujrat who were reportedly being despatched by a Kharian based travel agency for Europe by crossing the border of Pakistan illegally. According to the information received here, th

Published 22 Nov, 2017 12:00am

Experts caution against wastage of water

Speakers at the Third International Water Conference on Tuesday said that Pakistan must reserve its water reservoirs in order to avoid a severe shortage of water in future. Pakistan is at a critical crossroads in terms of its water resources, they warned,

Published 22 Nov, 2017 12:00am

PTI's move against proposed merger of banks thwarted

The PTI on Tuesday opposed the proposed merger of two banks and termed it a 'cover-up' to protect a 'huge' financial irregularity during the Sindh Assembly sitting on Tuesday. But the PTI's legislator Khurrum Sher Zaman Khan failed to get his adjournment

Published 22 Nov, 2017 12:00am

Bilawal addresses party workers using hologram

Pakistan Peoples Party (PPP) chairman Bilawal Bhutto-Zardari addressed party workers in four different cities simultaneously using the hologram technology first ever in Pakistan on Tuesday. A party spokesman said the objective of using this technology is

Published 22 Nov, 2017 12:00am

Exchange

Futures Market Act, 2016 to be effective from November 15, 2017

Finance Division has notified that the Futures Market Act, 2016 of the Securities and Exchange Commission of Pakistan (SECP) would be applicable from November 15, 2017. According to the SRO 1199(I)/2017 issued by the Finance Division, in exercise of power

Published 22 Nov, 2017 12:00am

PTI's ideological members upset over electoral alliance with JUI-S

The ideological members of Pakistan Tehreek-e-Insaf (PTI) are upset at the party chairman Imran Khan's decision to form an electoral alliance with Maulana Samiul Haq of Jamiat Ulema-e-Islam-Sami (JUI-S) ahead of the 2018 general elections. A spokesman of

Published 22 Nov, 2017 12:00am

TLYRA's sit-in: Pir Hussainuddin to head government's committee

A prominent cleric Pir Hussainuddin Shah on Tuesday conditionally accepted government's offer to head a committee comprising renowned religious clerics for holding negotiations with sit-in protesters of Tehreek Labbaik Ya Rasool Allah (TLYR) to end Islama

Published 22 Nov, 2017 12:00am

Two scorched in gas leak fire

Two people were scorched due to fire inside a house caused by leakage of gas here on Tuesday. Police said that due to leakage of gas, fire engulfed a house located near Khezi Chowk of the provincial capital. Two people present in the house were scorched i

Published 22 Nov, 2017 12:00am

Eradication of corruption top most priority: NAB chief

Chairman National Accountability Bureau (NAB) former Justice Javed Iqbal has said that elimination of corruption is the top most priority of the NAB. Addressing the officers of the NAB, Justice Javed Iqbal said that now a change would be visible in workin

Published 22 Nov, 2017 12:00am

Senate body defers three bills till Monday

Senate Standing Committee on Cabinet Tuesday deferred three bills - The Islamabad Gun and Country Club (Administration and Management) Bill, 2017, The Islamabad Club Administration and Management Bill, 2017 and The Real Estate (Regulation and Development)

Published 22 Nov, 2017 12:00am

SC seeks report on TLYRA protest from centre, Punjab governments

The Supreme Court has sought report from federal and Punjab governments over protracted protest of Tehreek Labbaik Ya Rasool Allah (TLYR) at Faizabad Interchange Islamabad due to which commuters of twin cities (Rawalpindi and Islamabad) have been facing t

Published 22 Nov, 2017 12:00am

Pakistan elected UNCTAD president

Permanent Representative of Pakistan to the United Nations Ambassador Farukh Amil Tuesday has been elected as President of the Commission on investment, enterprise and development of the United Nations Conference on Trade and Development (UNCTAD) in Genev

Published 22 Nov, 2017 12:00am

Everything is not hunky-dory

This is apropos a Business Recorder news item "AGP rejects rumours" carried by the newspaper yesterday. According to it, Attorney General for Pakistan (AGP) Ashtar Ausaf Ali has said powers of the president to dissolve assemblies or pardon any conv

Updated 22 Nov, 2017 09:32am

Westinghouse discussing group bid for Saudi nuclear tender

Toshiba-owned Westinghouse is in talks with other US-based companies to form a consortium to bid in a multi-billion-dollar tender for two nuclear power reactors in Saudi Arabia, three industry sources said.

Published 22 Nov, 2017 12:00am

Voting to be poor

Empirical evidence broadly points toward stagnation, if not reduction, in the disposable income of the middle and the low paid class. This class is deemed to be the backbone of democracy, over the past decade, which ultimately is the catalyst for my recen

Published 22 Nov, 2017 12:00am

Exchange

Global efforts to curb tax avoidance

In the aftermath of the release of the "Paradise Papers", 200 delegates from 147 countries and jurisdictions met in Yaoundé, Cameroon recently for the 10th meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Updated 22 Nov, 2017 11:18am

Faizabad sit-in

The nearly two-week long sit-in by the Tehreek-e-Labbaik Ya Rasool Allah party at the busy Faizabad interchange linking the twin cities of Islamabad and Rawalpindi, causing serious disruptions in daily routines of the public, continues. It has gone on des

Updated 22 Nov, 2017 03:13pm

Boost in business confidence

The latest Business Confidence Index (BCI) sponsored by Overseas Investors Chamber of Commerce and Industry (OICCI) is quite encouraging and indicates very clearly that confidence in Pakistan's economy has improved considerably over the last six months en

Updated 22 Nov, 2017 10:45am

Exchange

SECP orders probe into leakage of PSX''s trading information

The Securities and Exchange Commission of Pakistan (SECP) has ordered an investigation into the leakage of trading information of Pakistan Stock Exchange (PSX). While taking a serious notice of various complaints received, the SECP constituted a team with

Published 22 Nov, 2017 12:00am

Exchange

SECP orders probe into leakage of PSX's trading information

Published 22 Nov, 2017 12:00am

Exchange

SECP orders probe into leakage of PSX's trading information

Published 22 Nov, 2017 12:00am

RD on import of 731 listed items: LHC makes SRO inapplicable

Lahore High Court (LHC) has made SRO No. 1035(I)/2017, dated 16.10.2017, inapplicable till final outcome of the writ petitions. Under this SRO, regulatory duty (RD) has been charged the rates ranging from 10 to 45% percent on import of 731 listed items. I

Published 22 Nov, 2017 12:00am

RD on import of 731 listed items: LHC makes SRO inapplicable

Published 22 Nov, 2017 12:00am

The Weather

The weather report on Tuesday (November 21, 2017) and the forecast for Wednesday (November 22, 2017).

Published 22 Nov, 2017 12:00am

RD on import of 731 listed items: LHC makes SRO inapplicable

Published 22 Nov, 2017 12:00am

Exchange

LME official prices

The following were Monday official prices.

Published 22 Nov, 2017 12:00am

PSMA delegation calls on PM

A delegation of Pakistan Sugar Mills Association (PSMA) called on Prime Minister Shahid Khaqan Abbasi, here on Tuesday. The delegation comprised Javed Kiyani, Ahsan Latif, Aslam Ghani, Sikander Khan, Ikram-ul-Haq, Aslam Farooq and Nouman Khan. Minister fo

Published 22 Nov, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 5	277.92
USD PKR Interbank Buying / Nov 5	277.72
USD to Japanese Yen / Nov 5	152.45
USD to Swiss Franc / Nov 5	0.86
Pound Sterling to USD / Nov 5	1.30
Euro to USD / Nov 5	1.09

Stock	Volume
S&P 500 / Nov 4	5,712.69
Nasdaq / Nov 4	18,179.98
Dow Jones / Nov 4	41,794.60
India Sensex / Nov 5	78,731.05
Tokyo Nikkei / Nov 5	38,537.29
Hang Seng / Nov 5	20,865.77
FTSE 100 / Nov 5	8,191.31
Germany DAX 30 / Nov 5	19,121.64

Item	Value
Crude Oil USD/Barrel / Nov 5	71.49
Karachi Cotton PKR/37.32 KG / Nov 5	18,285
Gold 10 Grams PKR / Nov 5	242,798
Gold Spot USD/Ounce / Nov 5	2,732.66
Cotton US¢/pound / Nov 5	69.95
Petrol/Litre / Nov 6	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 6 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 6 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 6 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 6 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 6 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 6 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 6 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 6 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 6 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 6 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 6 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 6 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 6 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 6 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 6 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 6 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 6 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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