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Nov 29, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-11-28
Brazil farmers plant 84 percent of estimated soya area

Brazil farmers plant 84 percent of estimated soya area

Soya farmers in Brazil have planted 84 percent of the estimated area of the 2017/18 crop, advancing 11 percent on last week's level, helped by the return of rain, consultancy AgRural said in a statement on Friday. Most of the key producing regions have ne
Published 28 Nov, 2017 12:00am
Asian naphtha crack at 1-1/2 week high

Asian naphtha crack at 1-1/2 week high

Asia's naphtha crack ended the week at 1-1/2 week high of $127.95 a tonne while spot premiums in most part of the region held at over two-year highs due to squeezed supplies. The lack of cheap alternative liquefied petroleum gas (LPG), also a commodity us
Published 28 Nov, 2017 12:00am
Soyameal steady on European feeds market
Currency

Soyameal steady on European feeds market

Soyameal on the European meals and feeds market was steady on Friday due to a lack of direction from Chicago markets, which were closed for the Thanksgiving holiday the previous day. "The lack of leads kept the cash market very dull at almost unchanged le
Published 28 Nov, 2017 12:00am
CBOT soyabean futures lower

CBOT soyabean futures lower

Chicago Board of Trade soyabean futures closed lower on Friday in a holiday-shortened trading session on outlooks for improving crop weather in Argentina and technical selling after the lead January contract fell short of reaching $10 a bushel, traders sa
Published 28 Nov, 2017 12:00am
US FOB Gulf soya bids largely flat

US FOB Gulf soya bids largely flat

Basis bids for soyabeans shipped by barge to the US Gulf Coast were largely flat on Friday, in light-volume trading as many dealers were away following the US Thanksgiving Day holiday on Thursday, traders said. Weekly US soyabean export sales of 903,600 t
Published 28 Nov, 2017 12:00am
US natural gas futures fall to four-week low

US natural gas futures fall to four-week low

US natural gas futures slumped more than 5 percent to their lowest in four weeks in low trading volume on Friday on forecasts for less heating demand over the next two weeks. Front-month gas futures fell 15.5 cents or 5.2 percent to settle at $2.813 per m
Published 28 Nov, 2017 12:00am
EU set for large sugar beet crop this winter

EU set for large sugar beet crop this winter

The European Union is set for a large sugar beet crop this winter, the first harvest in the bloc's newly deregulated sugar market, industry experts said on Friday. From October, EU farmers became free to grow as much sugar beet as they want and refiners a
Published 28 Nov, 2017 12:00am
Tense situation keeps participants away from cotton market
Cotton

Tense situation keeps participants away from cotton market

Not a single deal reported on the cotton market on Monday as both buyers and sellers failed to reach the spot owing to prevailing uncertainties on political front, dealers said. The official spot rate did not show any fluctuation at Rs 6,600, they said. I
Published 28 Nov, 2017 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,097. The traded value of Metals, Energy and COTS/FX was recorded at PKR 2.423 billion and the number of lots traded was 4,120.
Published 28 Nov, 2017 12:00am
Palm oil rises on European vegetable oils market
Vegetable Oil

Palm oil rises on European vegetable oils market

Palm oil on the European vegetable oils market edged higher, tracking gains in Malaysian palm on the back of bargain-buying and support from a weaker ringgit. The downward correction in the ringgit currency after recent gains makes palm oil cheaper for fo
Published 28 Nov, 2017 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures slid on Friday for a second straight day, touching a four-week low under pressure from technical selling and weaker soyabean prices. Commercial hedge selling was light, a trader said. January canola lost $1.70 to $511 per tonne
Published 28 Nov, 2017 12:00am
CBOT corn futures lower

CBOT corn futures lower

Chicago Board of Trade corn futures ended lower on Friday, following as wheat futures fell to contract lows, traders said. Lackluster weekly US corn export sales and forecasts for improving crop weather in dry areas of Argentina added pressure. CBOT Decem
Published 28 Nov, 2017 12:00am
Brazil's soyabean crop seen at 111 million tonnes

Brazil's soyabean crop seen at 111 million tonnes

Brazilian farmers are expected to collect 111 million tonnes of soyabeans in the 2017/18 season, said consultancy firm Agroconsult on Thursday, maintaining the same forecast it released in September. Agroconsult also estimates a 3 percent rise in soyabean
Published 28 Nov, 2017 12:00am
European wheat futures slip

European wheat futures slip

Benchmark European wheat futures slipped to a contract low on Friday, sapped by a rally in the euro and a sharp fall for Chicago wheat after the Thanksgiving holiday. March milling wheat, the most active position on Paris-based Euronext, settled down 1 eu
Published 28 Nov, 2017 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 209,420 tonnes of cargo comprising 154,442 tonnes of import cargo and 54,978 tonnes of export cargo including 3,109 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 154
Published 28 Nov, 2017 12:00am
HRW wheat bids steady

HRW wheat bids steady

Hard red winter (HRW) wheat spot basis bids on Friday were steady in the southern US Plains, despite futures' retreat during the shortened US Thanksgiving holiday trading session, dealers said. Chicago Board of Trade (CBOT) grains on Friday will close ear
Published 28 Nov, 2017 12:00am
CBOT wheat futures fall to contract lows

CBOT wheat futures fall to contract lows

Chicago Board of Trade wheat futures fell to contract lows on Friday, pressured by smaller-than-expected weekly export sales and technical selling, traders said. CBOT December soft red winter wheat settled down 7 cents at $4.15-3/4 a bushel after dipping
Published 28 Nov, 2017 12:00am
European gasoline margins end week 15 percent higher

European gasoline margins end week 15 percent higher

Gasoline refining margins in northwest Europe ended the week 15 percent higher boosted by low inventories and strong exports from the region. Gasoline stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp storage and refining hub fell by
Published 28 Nov, 2017 12:00am
Big tobacco wins in smoke-friendly Southeast Asia: watchdog

Big tobacco wins in smoke-friendly Southeast Asia: watchdog

A global treaty to fight the health impact of tobacco has suffered substantial setbacks in Southeast Asia, home to some of the world's highest concentrations of smokers, a watchdog group said Monday. The powerful tobacco lobby last year stopped proposed c
Published 28 Nov, 2017 12:00am
Turkey urges US to drop case against gold mogul, banker

Turkey urges US to drop case against gold mogul, banker

Turkey on Monday urged Washington to drop a case against a gold trader and a top Turkish banker accused of violating US sanctions on Iran, saying it had no legal basis. Businessman Reza Zarrab was arrested by US authorities in March 2016 while Mehmet Haka
Published 28 Nov, 2017 12:00am
Britain aims to fix low productivity with strategy plan

Britain aims to fix low productivity with strategy plan

The British government unveiled an industrial strategy focused on research and innovation on Monday, in an effort to boost poor productivity and to shield the economy from Brexit. "As we leave the European Union we need to raise our game at home and on th
Published 28 Nov, 2017 12:00am
US new home sales scale 10-year high; supply still tight

US new home sales scale 10-year high; supply still tight

Sales of new US single-family homes unexpectedly rose in October to hit a 10-year high amid robust demand across the country, offering a boost to the housing market. The upbeat report from the Commerce Department on Monday was the latest indication that h
Published 28 Nov, 2017 12:00am
Chinese premier offers billions more to eastern Europe

Chinese premier offers billions more to eastern Europe

Chinese Premier Li Keqiang made clear Monday that China would keep pouring billions of euros into central and eastern Europe despite EU concerns, as he attended a regional summit in Hungary. Li said that China's Development Bank would make available the e
Published 28 Nov, 2017 12:00am
Doughnuts, dueling memos factor in showdown over US consumer agency

Doughnuts, dueling memos factor in showdown over US consumer agency

With doughnuts in hand, President Donald Trump's appointee to head the US government consumer watchdog agency turned up for work on Monday, challenging the acting appointee of the outgoing Obama-era head in an unprecedented partisan showdown over how the
Published 28 Nov, 2017 12:00am
US Cyber Monday sales jump 17 percent, fewer deals on offer

US Cyber Monday sales jump 17 percent, fewer deals on offer

Cyber Monday was on track to become the biggest-ever internet shopping day in the United States as shoppers snapped up bargains on toys and electronics, with many more Americans shopping on their phones. Adobe Analytics, a leading collector of e-commerce
Published 28 Nov, 2017 12:00am
French international schools strike over cuts

French international schools strike over cuts

Teachers at many of France's international schools, a symbol of French soft power around the world, went on strike Monday over planned cuts to budgets and staffing. Paris has 492 schools in 137 foreign countries, catering to some 350,000 students includin
Published 28 Nov, 2017 12:00am
ECB joins calls for digital platform to trade bad loans
Currency

ECB joins calls for digital platform to trade bad loans

Eurozone authorities should create a an electronic platform to trade "non-performing" loans weighing down the single currency area's banks, the Europeean Central Bank urged Monday "Market failures" are hobbling trade in debt in or close to default in the
Published 28 Nov, 2017 12:00am
Jordan cement deal helps Saudi shares but region moves little
Exchange

Jordan cement deal helps Saudi shares but region moves little

Saudi Arabia's stock index edged higher on Monday after Al Jouf Cement and Saudi Industrial Export Co announced an export deal with Jordan, but the region as a whole traded in small ranges, lacking fresh stimulus. The Saudi index closed 0.1 percent higher
Published 28 Nov, 2017 12:00am
Hong Kong shares fall

Hong Kong shares fall

Hong Kong shares closed lower on Monday, as investors largely shrugged off data showing profits at China's industrial firms continued to grow at a robust pace last month despite a slight cooling from a sizzling September. At close of trade, the Hang Seng
Published 28 Nov, 2017 12:00am
Indian shares up

Indian shares up

Indian shares edged higher for an eighth consecutive session on Monday as private lenders such as Axis Bank extended gains, although sentiment was broadly cautious ahead of economic data due later this week. Meanwhile, benchmark 10-year bond yields were u
Published 28 Nov, 2017 12:00am
Tokyo stocks snap three-day winning streak

Tokyo stocks snap three-day winning streak

Tokyo stocks snapped a three-day winning streak Monday with profit-takers reversing early gains ahead of the release of key economic data in the US and China this week. The benchmark Nikkei 225 index lost 0.24 percent, or 54.86 points, to close at 22,495.
Published 28 Nov, 2017 12:00am
Monday's early trade: Amazon, Home Depot take US indexes to new highs

Monday's early trade: Amazon, Home Depot take US indexes to new highs

Wall Street indexes hit new intra-day highs on Cyber Monday as an expected surge in online sales boosted Amazon and home improvement retailers climbed after strong home sales data. Shares in the world's largest online retailer rose as much as 2.3 percent
Published 28 Nov, 2017 12:00am
TSX falls
Exchange

TSX falls

Canada's main stock index slipped on Monday, with its heavyweight energy companies falling as US crude prices came off two-year highs, while ecommerce company Shopify Inc gained as the holiday shopping season kicked off. At 10:19 am ET (1519 GMT), the Tor
Published 28 Nov, 2017 12:00am
Southeast Asian stocks subdued

Southeast Asian stocks subdued

Most Southeast Asian stock markets ended lower on Monday amid concerns of a regulatory crackdown in China, while Vietnam shares closed near a decade high led by real estate and utility stocks. Chinese shares fell as sentiment took a hit from rising bond y
Published 28 Nov, 2017 12:00am
Sagging cyclicals dent European shares; Julius Baer tumbles

Sagging cyclicals dent European shares; Julius Baer tumbles

European shares fell on Monday as concerns over China weighed on mining stocks and Opec anticipation dented the oil sector, while financials were led lower by Julius Baer, which tumbled after its chief executive unexpectedly quit to join a rival company.
Published 28 Nov, 2017 12:00am
Sri Lankan shares recover

Sri Lankan shares recover

Sri Lankan shares ended marginally higher on Monday in dull trade, recovering from a near two-month closing low hit in the previous session, even as investors awaited clarity on new taxes and key legislations. The Colombo stock index ended 0.05 percent fi
Published 28 Nov, 2017 12:00am
Australian, New Zealand shares up

Australian, New Zealand shares up

Australian shares took heart from a strong finish on Wall Street in the previous session to close at a two-week high on Monday, with healthcare and financial stocks touching record highs. The S&P/ASX 200 index rose 0.1 percent or 6.249 points to close at
Published 28 Nov, 2017 12:00am
Oil prices, China jitters weigh on Britain's blue-chips

Oil prices, China jitters weigh on Britain's blue-chips

British shares closed slightly lower on Monday, weighed down by energy and mining stocks as oil prices fell on prospects of higher US output and metals traded lower on weakening demand from China. Britain's blue-chip FTSE 100 index closed down 0.3 percent
Published 28 Nov, 2017 12:00am
Yuan inches up
Currency

Yuan inches up

China's yuan inched up against the dollar on Monday, but gains were capped as companies increased their purchases of the US currency, traders said. The dollar was steady against a basket of six currencies on Monday morning after falling to its lowest sinc
Published 28 Nov, 2017 12:00am
Euro hits two-month high against dollar in Asia
Currency

Euro hits two-month high against dollar in Asia

The euro hit a two-month high versus the dollar and held firm against other major currencies on Monday thanks to strong German business confidence and reduced anxiety about political instability in Europe's biggest economy. The euro fetched $1.1929, littl
Published 28 Nov, 2017 12:00am
Dollar extends three-week losing streak in Europe
Currency

Dollar extends three-week losing streak in Europe

The dollar drifted lower against a trade-weighted basket of its rivals on Monday, extending a three-week losing streak, though investors were wary of driving the currency lower before a couple of event risks this week. On Tuesday, the US Senate Banking Co
Published 28 Nov, 2017 12:00am
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan rupee closed marginally higher on Monday, as dollar inflows from inward remittances outpaced demand from importers for the US currency, dealers said. The spot rupee closed at 153.63/70 per dollar, compared with Friday's close of 153.75/80.
Published 28 Nov, 2017 12:00am
Asian currencies mixed ahead of Powell Senate hearing
Currency

Asian currencies mixed ahead of Powell Senate hearing

Most Asian currencies drift on Monday and the dollar was flat before Jerome Powell, President Donald Trump's nominee to head the Federal Reserve, appears at a Senate confirmation hearing Senate on Tuesday where his policy views will be put under a microsc
Published 28 Nov, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Monday. 81.90-81.90 (previous 81.70-81.70).
Published 28 Nov, 2017 12:00am
Aussie, kiwi slip
Currency

Aussie, kiwi slip

The Australian dollar slipped to more than 1-1/2-year lows against the euro on Monday as the single currency held firm across the board on an improving political and business outlook in Germany, Europe's biggest economy. The euro went as high as A$1.5684,
Published 28 Nov, 2017 12:00am
Canadian dollar strengthens
Currency

Canadian dollar strengthens

The Canadian dollar strengthened against its US counterpart on Monday even as US oil prices pulled back from a two-year high, as the greenback broadly extended recent losses. At 8:56 am ET (1356 GMT), the Canadian dollar was trading at C$1.2681 to the gre
Published 28 Nov, 2017 12:00am
Sterling briefly hits eight-week high in nervous markets
Currency

Sterling briefly hits eight-week high in nervous markets

Sterling briefly hit an eight-week high on Monday before gains were checked as investors consolidated bets ahead of a key EU summit and against the backdrop of a brewing political crisis in Ireland. "There was some follow through buying on sterling in ear
Published 28 Nov, 2017 12:00am
Shanghai copper falls
Exchange

Shanghai copper falls

Shanghai Futures Exchange copper fell 0.4 percent to 53,900 yuan ($8,170) on Monday as investors cut their exposure to risky assets as Beijing steps up a crackdown on shadow banking and other riskier forms of financing. China will check local governments'
Published 28 Nov, 2017 12:00am
Nickel slides nearly 4 percent; copper hit $7,024 a tonne
Exchange

Nickel slides nearly 4 percent; copper hit $7,024 a tonne

Nickel prices fell nearly 4 percent on Monday, pressured by weakening demand for stainless steel in top metals consumer China, rising Chinese borrowing costs and Beijing's regulatory crackdown on risky financing. Chinese stocks fell sharply amid worries t
Published 28 Nov, 2017 12:00am
Oil prices fall on higher US supply, doubts about Russia's resolve

Oil prices fall on higher US supply, doubts about Russia's resolve

Oil prices fell 1 percent on Monday, with US crude easing from two-year highs on prospects of higher supply, and uncertainty about Russia's resolve to join in extending output cuts ahead of this week's Opec meeting. US light crude was down 80 cents or 1.3
Published 28 Nov, 2017 12:00am
Rubber ends lower
Exchange

Rubber ends lower

Benchmark Tokyo rubber futures ended lower on Monday, coming under pressure from a late tumble in Shanghai futures, brokers said. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, tend to follow Shangha
Published 28 Nov, 2017 12:00am
Robusta coffee extends losses to 17-month low, cocoa drops

Robusta coffee extends losses to 17-month low, cocoa drops

Robusta coffee futures on ICE fell to a 17-month low on Monday, falling for the eighth straight session on speculative selling and expectations for ample supplies from top grower Vietnam, while cocoa declined on improving production prospects. January rob
Published 28 Nov, 2017 12:00am
Gold edges higher in Asia

Gold edges higher in Asia

Gold prices crept up on Monday as the dollar touched a two-month low versus the euro, but gains were limited despite a retreat in Asian equities led by China. Heavy selling of blue-chip shares dragged China's stock markets sharply lower, pressured by the
Published 28 Nov, 2017 12:00am
Gold surges in Europe

Gold surges in Europe

Gold prices rose on Monday, helped by a weaker dollar, as investors looked ahead to congressional testimony by the nominee to chair the US Federal Reserve and a meeting between US President Donald Trump and Senate Republicans on tax reform. Spot gold was
Published 28 Nov, 2017 12:00am
US MIDDAY: wheat sinks

US MIDDAY: wheat sinks

Chicago Board of Trade wheat futures sank 1.4 percent to fresh contract lows on Monday, pressured by poor demand for US supplies from overseas buyers, traders said. The drop in wheat weighed on corn futures while soyabean futures edged higher, underpinned
Published 28 Nov, 2017 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold prices rose on Monday, buoyed by a weaker dollar, as investors looked ahead to congressional testimony by the nominee to chair the US Federal Reserve and a meeting between US President Donald Trump and Senate Republicans on tax reform. Spot gold was
Published 28 Nov, 2017 12:00am
India to rest star Kohli before South Africa tour

India to rest star Kohli before South Africa tour

India's captain and star batsman Virat Kohli will be rested for the one-day matches against Sri Lanka after the ongoing Test series ends, selectors said Monday. Kohli has stepped up calls in recent weeks for a break from cricket because of the workload. I
Published 28 Nov, 2017 12:00am
Keep backing yourselves, Root tells beaten England

Keep backing yourselves, Root tells beaten England

Captain Joe Root has urged his players to keep backing themselves as Ashes holders England head into a crucial second Test after their demoralising loss to Australia at the Gabba. The Australians romped to an emphatic 10-wicket victory early on the fifth
Published 28 Nov, 2017 12:00am
Warner, Bancroft pile on Gabba misery for England

Warner, Bancroft pile on Gabba misery for England

A record-breaking opening partnership between David Warner and Cameron Bancroft cemented a crushing 10-wicket victory for Australia Monday, leaving England with pressing issues to resolve to salvage the Ashes series. Warner and newcomer Bancroft got the r
Published 28 Nov, 2017 12:00am
Ashwin breaks record as India crush Sri Lanka in second Test

Ashwin breaks record as India crush Sri Lanka in second Test

Spin wizard Ravichandran Ashwin played down comparisons with Dennis Lillee after his record-breaking feat Monday helped India crush Sri Lanka by an innings and 239 runs in the second Test. Ashwin became the fastest bowler to reach 300 Test wickets, taking
Published 28 Nov, 2017 12:00am
SNGPL win All-Pakistan Gold Cup Hockey

SNGPL win All-Pakistan Gold Cup Hockey

The Sui Northern Gas Pipelines (SNGPL) have grabbed the All-Pakistan Gold Cup Hockey Championship after defeating the Port Qasim Karachi team by 3-2 in the final held at Sadiqabad on Monday. In this tournament, the hockey teams of SNGPL, Port Qasim, Pakis
Published 28 Nov, 2017 12:00am
National T20 Cup semis, final rescheduled

National T20 Cup semis, final rescheduled

Pakistan Cricket Board (PCB) has rescheduled the semi-finals and final match of National T20 Cup. Sources said the PCB has decided to hold semis and final of National T20 Cup on November 29 and 30, respectively. The first semi final between Lahore Region
Published 28 Nov, 2017 12:00am
Neymar puts PSG on cloud nine at Monaco

Neymar puts PSG on cloud nine at Monaco

Edinson Cavani and Neymar were both on target as Paris Saint-Germain edged champions Monaco 2-1 to climb nine points clear atop France's Ligue 1 on Sunday. But it was a frustrating night in the principality for the world's most expensive teenager, as Kyli
Published 28 Nov, 2017 12:00am
Shoe Planet Polo Cup 2017 begins

Shoe Planet Polo Cup 2017 begins

The six-goal Shoe Planet Polo Cup 2017 will stroll into action here at the Lahore Polo Club (LPC) ground from Tuesday (today). As many as nine polo teams are participating. The participating teams are divided into two pools; Pool-A consists of Honda Chena
Published 28 Nov, 2017 12:00am
Pouille powers France to Davis Cup glory

Pouille powers France to Davis Cup glory

Lucas Pouille throttled Belgium's Steve Darcis 6-3, 6-1, 6-0 in Sunday's decisive fifth rubber to clinch a 10th Davis Cup title for France in front of a passionate Lille crowd. Belgian ace David Goffin levelled the final at two points apiece after beating
Published 28 Nov, 2017 12:00am
Trump again backs alleged harasser, Democrat gives up key post

Trump again backs alleged harasser, Democrat gives up key post

President Donald Trump on Sunday redoubled his support for embattled Senate candidate Roy Moore, ignoring the sexual harassment allegations plaguing the ex-Alabama judge's campaign, as Democrats moved to address harassment concerns afflicting their own pa
Published 28 Nov, 2017 12:00am
Renewed bombing of Syria's Eastern Ghouta kills 14

Renewed bombing of Syria's Eastern Ghouta kills 14

Renewed Syrian army bombardment of rebel-held Eastern Ghouta outside Damascus on Monday killed 14 people, despite a ceasefire deal for the region, a monitor said. Eastern Ghouta, one of the last remaining opposition strongholds in Syria, is among four so-
Published 28 Nov, 2017 12:00am
Kurds accuse Baghdad of refusing dialogue

Kurds accuse Baghdad of refusing dialogue

Iraqi Kurdish premier Nechirvan Barzani on Monday accused Iraq's central government of refusing to open a dialogue even though the Kurds had bowed its opposition to their September independence vote. "We think the problems between Baghdad and Arbil should
Published 28 Nov, 2017 12:00am
Syria Kurds say US to 'adjust' weapons deliveries

Syria Kurds say US to 'adjust' weapons deliveries

Washington will "adjust" its delivery of weapons to an anti-jihadist alliance in Syria dominated by Kurdish fighters, Kurdish officials said Monday, insisting that collaboration with the United States will "continue". The comments come after Turkey said i
Published 28 Nov, 2017 12:00am
China hails new Zimbabwe leader, denies role in transition

China hails new Zimbabwe leader, denies role in transition

China on Monday congratulated Zimbabwe's new President Emmerson Mnangagwa but denied it played any part in his takeover or in the ousting of strongman Robert Mugabe. Zimbabwe's army chief General Constantine Chiwenga visited Beijing shortly before the pol
Published 28 Nov, 2017 12:00am
Zimbabwe declares Mugabe's birthday a holiday

Zimbabwe declares Mugabe's birthday a holiday

Zimbabwe has made former president Robert Mugabe's birthday a public holiday, a state daily reported Monday, nearly a week after the long-time ruler stepped down. "It is hereby declared that February 21 of every year henceforth shall be a public holiday t
Published 28 Nov, 2017 12:00am
German tycoon handed suspended sentence over bankruptcy

German tycoon handed suspended sentence over bankruptcy

A German court on Monday handed former retail tycoon Anton Schlecker a suspended sentence and jailed two of his children in a high-profile case over their family-owned chain's criminal bankruptcy. Judges in southwestern city Stuttgart set 73-year-old Anto
Published 28 Nov, 2017 12:00am
Berlin Christmas market opens post-attack with tight security

Berlin Christmas market opens post-attack with tight security

The Christmas market in central Berlin targeted in 2016 by a deadly truck assault opened for the season on Monday, nearly a year after the attack, with new security measures. Tunisian national Anis Amri, 24, hijacked a truck on December 19 last year and s
Published 28 Nov, 2017 12:00am
Xi orders China's 'toilet revolution' to march on

Xi orders China's 'toilet revolution' to march on

China's president has ordered the country to march on in its "revolution" to clean up notoriously dirty and foul-smelling public bathrooms in a bid to improve quality of life and boost tourism. The so-dubbed "toilet revolution" was launched in 2015 as par
Published 28 Nov, 2017 12:00am
Gulen 'money man' back in Turkey from Sudan

Gulen 'money man' back in Turkey from Sudan

Turkish spies working in Sudan have repatriated a businessman accused of links to Muslim cleric Fethullah Gulen after he was caught in a joint operation, state media reported Monday. Memduh Cikmaz is accused of giving millions to the movement run by US-ba
Published 28 Nov, 2017 12:00am
South Africa's new export is Miss Universe

South Africa's new export is Miss Universe

Beauties from across the globe converged in Las Vegas Sunday, where Miss South Africa was crowned Miss Universe. Demi-Leigh Nel-Peters, 22, edged out her rivals from Colombia and Jamaica to take the crown. Nel-Peters, a graduate in business management, sa
Published 28 Nov, 2017 12:00am
Myanmar has 'no religious discrimination', army chief tells Pope Francis

Myanmar has 'no religious discrimination', army chief tells Pope Francis

Pope Francis met Myanmar's powerful army chief on Monday at the start of a highly sensitive trip, with the military man saying he told the pontiff there was "no religious discrimination" in his country despite allegations of ethnic cleansing. The 80-year-
Published 28 Nov, 2017 12:00am
Draft rules unveiled: foreign companies must maintain registers
Exchange

Draft rules unveiled: foreign companies must maintain registers

The Securities and Exchange Commission of Pakistan (SECP) will make it mandatory for foreign companies operating in Pakistan to maintain registers containing detailed particulars of its directors, principal officer, other officers, Pakistani members and d
Published 28 Nov, 2017 12:00am
Rs 273.8 billion released under PSDP

Rs 273.8 billion released under PSDP

The government has released Rs 273.8 billion (27.4 percent) including Rs 44.69 billion foreign aid for different development projects under the Public Sector Development Programme (PSDP) 2017-18 against the total budgeted allocation of Rs 1,001 billion. A
Published 28 Nov, 2017 12:00am
AkzoNobel to acquire V Powdertech business

AkzoNobel to acquire V Powdertech business

AkzoNobel on Monday agreed to acquire the business of V Powdertech Co Ltd, the leading Thai manufacturer of powder coatings, supplying a range of products for domestic appliances, furniture and general industrial applications, and currently employing more
Published 28 Nov, 2017 12:00am
Defence Minister lauds Saudi leadership's role against terrorism

Defence Minister lauds Saudi leadership's role against terrorism

Defence Minister Khurram Dastgir Khan has called for cooperation among Islamic countries to fight terrorism and extremism and applauded the role of Saudi leadership in this regard, says a press statement issued here on Monday. On invitation of Saudi King
Published 28 Nov, 2017 12:00am
Attock Petroleum Limited
Mutual Funds

Attock Petroleum Limited

Being part of the only integrated oil and gas group - Attock Oil Group - Attock Petroleum Limited (PSX: APL) is an oil marketing company involved in the downstream petroleum business. It was incorporated in 1998, and its portfolio consists of lubricants,
Published 28 Nov, 2017 12:00am
Attock Petroleum Limited
Mutual Funds

Attock Petroleum Limited

Being part of the only integrated oil and gas group - Attock Oil Group - Attock Petroleum Limited (PSX: APL) is an oil marketing company involved in the downstream petroleum business. It was incorporated in 1998, and its portfolio consists of lubricants,
Published 28 Nov, 2017 12:00am
Cold, dry weather forecast

Cold, dry weather forecast

The Met Office has said that a shallow westerly wave is affecting northern parts of the country. In forecast for today, it said that mainly coldy and dry weather is expected in most parts of the country. However, light rain-thunderstorm with light snowfal
Published 28 Nov, 2017 12:00am
50 schools of Punjab PSDF launches technical, vocational courses

50 schools of Punjab PSDF launches technical, vocational courses

As the country is facing a bulge of unskilled young labour force, Punjab Skills Development Fund (PSDF) has launched technical and vocational skill education in Punjab with focus on the Higher Secondary Schools in the first phase. During the pilot phase,
Published 28 Nov, 2017 12:00am
RD imposition: FCCI chief welcomes LHC's stay order

RD imposition: FCCI chief welcomes LHC's stay order

Shabbir Hussain Chawla, President, Faisalabad Chamber of Commerce & Industry (FCCI) has welcomed the stay-order of Lahore High Court against the unilateral decision of imposing Regulatory Duty on as many as 400 items and reiterated FCCI repeated demand th
Published 28 Nov, 2017 12:00am
Shahbaz reviews progress on ongoing projects in Lahore

Shahbaz reviews progress on ongoing projects in Lahore

Punjab Chief Minister Shahbaz Sharif on Monday said that provision of the basic civic amenities to the citizens is their right and for this purpose, funds worth billions of rupees are being spent. He said this while chairing a meeting in Lahore to review
Published 28 Nov, 2017 12:00am
Rangers bring down Indian spy drone

Rangers bring down Indian spy drone

Pak Rangers have shot down Indian spy drone 'Quad copter' near Head Sulemanki Border on Monday. As per details acquired, Rangers 13-Wing shot down the spy drone as soon as it violated Pakistani airspace. The debris of quad copter fell near Rangers' check
Published 28 Nov, 2017 12:00am
Sirajul Haq slams government on Faizabad operation

Sirajul Haq slams government on Faizabad operation

Chief of Jamaat-e-Islami Pakistan, Senator Sirajul Haq has said that the government was making a futile effort to hide its blunders by placing the responsibility of the Faizabad operation on the court. While addressing the central leadership of the JI at
Published 28 Nov, 2017 12:00am
Army foiled Nawaz's plan of civil war: PML-Q

Army foiled Nawaz's plan of civil war: PML-Q

Pakistan Muslim League-Q (PML-Q) President Chaudhry Shujaat Hussain and senior leader Chaudhry Parvez Elahi, on Monday, claimed that the army has foiled Nawaz Sharif's plan of civil war by pitting the people and the army against each other. They said, "Co
Published 28 Nov, 2017 12:00am
Surging debts & trade imbalance hitting economy hard: LCCI chief

Surging debts & trade imbalance hitting economy hard: LCCI chief

Trade imbalance and rising foreign debts are reversing the benefits of hard-earned gains and situation would be more critical if immediate controlling measures are not taken. The Lahore Chamber of Commerce and Industry (LCCI) President Malik Tahir Javed i
Published 28 Nov, 2017 12:00am
Government to review FTAs with different countries: minister
Cotton

Government to review FTAs with different countries: minister

Federal Minister for Commerce Pervaiz Malik has assured the rice exporters for their interests, saying that the government is reviewing Free Trade Agreements (FTAs) with different countries and rice exporters' issues will be considered also while revising
Published 28 Nov, 2017 12:00am
Sit-in at Mall Road hampers filing of tax returns

Sit-in at Mall Road hampers filing of tax returns

The on-going sit-in at The Mall Road has hampered filing of tax returns and tax practitioners may request the Federal Board of Revenue (FBR) for another extension in the last date of returns. Talking to Business Recorder, President Lahore Tax Bar Associat
Published 28 Nov, 2017 12:00am
LHCBA demands resignation of Interior Minister

LHCBA demands resignation of Interior Minister

The Lahore High Court Bar Association (LHCBA) on Monday demanded of the government to punish the persons responsible for changing the affidavit regarding finality of prophethood of Holy Prophet Muhammad (S.A.W). The Bar demanded resignation of Interior Mi
Published 28 Nov, 2017 12:00am
Sit-ins caused Rs 200 billion loss to businesses in three days
Currency

Sit-ins caused Rs 200 billion loss to businesses in three days

The traders community in Punjab has incurred an estimated loss of over Rs 200 billion during the last three days due to protest rallies taken out by various religious parties across the province in solidarity with members of the recently-formed Tekreek-e-
Published 28 Nov, 2017 12:00am
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