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Print - 2017-12-16
Wall Street falls as investors fret about tax bill passage
Exchange

Wall Street falls as investors fret about tax bill passage

Major US stock indexes fell on Thursday, with the S&P 500 down the most in a month, as investor worries over potential roadblocks to the Republicans' tax overhaul more than offset optimism over strong retail sales data. Though congressional Republicans ha
Published 16 Dec, 2017 12:00am
Tokyo's Nikkei index closes lower

Tokyo's Nikkei index closes lower

Tokyo's bellwether Nikkei stock index fell for the fourth consecutive session on Friday as fresh doubts about US tax cut plans outweighed a robust business confidence survey. The Nikkei 225 index lost 0.62 percent, or 141.23 points, to close at 22,553.22.
Published 16 Dec, 2017 12:00am
Indian shares end higher on Gujarat exit polls boost

Indian shares end higher on Gujarat exit polls boost

Indian shares ended higher on Friday, led by banks, as early surveys forecast a victory for Prime Minister Narendra Modi's Bharatiya Janata Party in the key Gujarat state elections. The benchmark BSE index closed up 0.65 percent at 33,462.97, while the br
Published 16 Dec, 2017 12:00am
France, Germany to unveil eurozone reforms in March
Currency

France, Germany to unveil eurozone reforms in March

Germany and France will offer their joint vision for reforming the eurozone by March, German Chancellor Angela Merkel said on Friday, in an effort to bridge divisions over the future of the single currency.
Published 16 Dec, 2017 12:00am
Ryanair pilots suspend strike as airline offers union recognition

Ryanair pilots suspend strike as airline offers union recognition

Ryanair pilots in Italy suspended unique strike action due Friday after the no-frills Irish airline offered to recognise unions for the first time. The Associazione Nazionale Professionale Aviazione Civile (ANPAC) called Ryanair's move "a very important f
Published 16 Dec, 2017 12:00am
Facebook moves to make more video ad money
Kerb

Facebook moves to make more video ad money

Facebook on Thursday moved to bolster its appeal and money-making potential as an online platform for viewing video similar to YouTube. The leading social network will next year test showing short ads before videos on a new 'Watch' section devoted to just
Published 16 Dec, 2017 12:00am
US industrial output increases 0.2 percent in November

US industrial output increases 0.2 percent in November

US industrial production rose less than expected in November as a drop in utilities output offset a post-hurricane rebound in the oil and gas industries and the third consecutive monthly advance for manufacturing, the Federal Reserve said on Friday.
Published 16 Dec, 2017 12:00am
Belgian central bank ups 2017-2018 growth forecasts

Belgian central bank ups 2017-2018 growth forecasts

Belgium's central bank slightly increased its growth forecasts on Friday for the country's economy for this year and next, but said it expected expansion at a lower rate thereafter.
Published 16 Dec, 2017 12:00am
Skewed Irish GDP likely to beat official projections

Skewed Irish GDP likely to beat official projections

Ireland's volatile gross domestic product (GDP) is likely to beat official forecasts for growth of 5.1 percent this year after expanding sharply in the third quarter, Finance Minister Paschal Donohoe said on Friday.
Published 16 Dec, 2017 12:00am
Amazon to settle Italy tax row with 100 millions euro

Amazon to settle Italy tax row with 100 millions euro

Amazon has agreed to pay the Italian taxman 100 million euros ($118 million) to settle a dispute over suspected tax fraud, the Italian revenue service said Friday. Italian authorities have been investigating Amazon for tax evasion in the period between 20
Published 16 Dec, 2017 12:00am
Britain seeks closer ties to China's Belt and Road

Britain seeks closer ties to China's Belt and Road

Britain seeks "closer collaboration" with China on its Belt and Road infrastructure project, finance minister Philip Hammond said Friday in Beijing on a trip expected to secure more than £1 billlion ($1.34 billion) in deals China is one of Britain's large
Published 16 Dec, 2017 12:00am
Winter cuts dent China's industrial output

Winter cuts dent China's industrial output

China's industrial output slowed again in November, official data showed Thursday, as authorities press on with their fight against smog by clamping down on polluting heavy industries. Output at factories and workshops expanded 6.1 percent year-on-year, t
Published 16 Dec, 2017 12:00am
Crisis boosted confidence in Lebanese economy: central bank
Currency

Crisis boosted confidence in Lebanese economy: central bank

Lebanon's ability to survive the crisis sparked last month by the premier's now rescinded resignation has increased confidence in its economy, the governor of the country's central bank said Friday. Lebanon, chronically feared to be on the brink of defaul
Published 16 Dec, 2017 12:00am
US FOB Gulf corn, soya bids firm

US FOB Gulf corn, soya bids firm

Basis bids for corn and soyabeans shipped by barge to the US Gulf were steady to firm on the spot market on Wednesday, supported by grain dealers looking to move recently harvested supplies to the export market. Bids for hard red winter wheat headed to th
Published 16 Dec, 2017 12:00am
Cotton prices hit season's high at Rs 7500
Cotton

Cotton prices hit season's high at Rs 7500

Pries hit season's high at Rs 7500 level on the cotton market on Friday due to persistent rise in demand, dealers said. Resulting, the official spot rate extended overnight gains, gaining more Rs 100 to Rs 6,950, they said. In ready session, over 30,000 b
Published 16 Dec, 2017 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 146,159 tonnes of cargo comprising 88,645 tonnes of import cargo and 57,514 tonnes of export cargo including 5,936 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 88,6
Published 16 Dec, 2017 12:00am
EU wheat futures slightly lower
Exchange

EU wheat futures slightly lower

European wheat futures closed slightly lower on Wednesday as a firm euro and a reduced forecast for French exports kept attention on stiff competition in a well supplied international market. March milling wheat, the most active contract on the Paris-base
Published 16 Dec, 2017 12:00am
Russian wheat export prices flat on fall in Chicago

Russian wheat export prices flat on fall in Chicago

Russian wheat export prices were flat last week despite a fall in Chicago wheat, supported by buyers building up stocks before Russia's long New Year holiday, analysts said. Russian wheat prices remain competitive after the decline of recent months, the a
Published 16 Dec, 2017 12:00am
CBOT soyabean futures rise

CBOT soyabean futures rise

US soyabean futures rose on Wednesday, breaking a streak of five straight lower closes on technical buying and short-covering, traders said. Support for the benchmark CBOT January soyabean futures contract was noted at the 200-day moving average. Prices c
Published 16 Dec, 2017 12:00am
HRW wheat bids fall

HRW wheat bids fall

Hard red winter (HRW) wheat cash spot basis bids at the US Gulf fell on Wednesday due to an adjustment to recent increases to near record highs, a merchant said. The track basis at the US Gulf export terminal declined by 9 cents from Tuesday to 230 cents
Published 16 Dec, 2017 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,092. The traded value of Metals, Energy and COTS/FX was recorded at PKR 3.639billion and the number of lots traded was 6,367.
Published 16 Dec, 2017 12:00am
Catholics detained singing Xmas carols in Indian state

Catholics detained singing Xmas carols in Indian state

Indian police detained dozens of Catholics singing Christmas carols for allegedly trying to convert people, officials said Friday, as fears grow over religious freedom in the South Asian nation. Police said 32 people were detained for trying to convert pe
Published 16 Dec, 2017 12:00am
UN Syria talks in doubt as Russia takes on dealmaker role

UN Syria talks in doubt as Russia takes on dealmaker role

The failure of Syria peace talks this week has cast doubt over UN efforts to mediate a solution to the country's devastating war, while regime backer Russia has emerged as a key dealmaker, analysts say. The latest round of Geneva-based talks aimed at endi
Published 16 Dec, 2017 12:00am
Azerbaijan jails journalist for six years

Azerbaijan jails journalist for six years

An Azerbaijani court on Friday sentenced an opposition journalist to six years in jail for economic crimes - charges he denounced as made up and politically motivated. Aziz Orujov, director of Kanal 13 internet television, "is being punished for covering
Published 16 Dec, 2017 12:00am
Nelly raps for Saudis as Travolta talks Tinseltown

Nelly raps for Saudis as Travolta talks Tinseltown

American entertainers actor John Travolta and singer Nelly are in Saudi Arabia as the ultra-conservative Gulf kingdom undergoes a vast "modernisation" plan launched by Crown Prince Mohammed bin Salman. Travolta was in the capital Riyadh for a discussion F
Published 16 Dec, 2017 12:00am
Flights between Russia and Egypt to resume in February
Currency

Flights between Russia and Egypt to resume in February

Flights between Russia and Egypt will resume in February, the Russian transport ministry announced Friday, after they were suspended in 2015 following an airliner bombing claimed by the Islamic State group. Russian transport minister Maksim Sokolov and Eg
Published 16 Dec, 2017 12:00am
KARACHI CHRONICLE: London Mayor's visit

KARACHI CHRONICLE: London Mayor's visit

Sadiq Khan Mayor of London arrived in Karachi last week on the last leg of a six-day goodwill mission to India and Pakistan. He played cricket, met university students, attended a book launch, paid an obligatory (for VIPs) visit to the Quaid's mazaar and,
Published 16 Dec, 2017 12:00am
ART FACTS: Traditional disciplinary boundaries

ART FACTS: Traditional disciplinary boundaries

An exhibition titled "Beneath the Surface" portrayed vivid imaginations of emerging artists about traditional disciplinary boundaries in our society in their paintings, sculptures and mixed media works at Canvas Gallery, Karachi. Thus the new generation o
Published 16 Dec, 2017 12:00am
Subtle gestures

Subtle gestures

Humans generally communicate with each other through verbal means of communication in the form of a language to express their feelings. However our whole body is capable of expressing emotions. Mostly when we are unable to talk because of certain barriers
Published 16 Dec, 2017 12:00am
Turkish 'Microangelo' tells Istanbul's tale

Turkish 'Microangelo' tells Istanbul's tale

Following his morning stroll around Istanbul's medieval Galata tower, Hasan Kale walks into a bulk food market to examine the goods that will make up his next canvas.
Published 16 Dec, 2017 12:00am
Tech titans ramp up tools to win over children

Tech titans ramp up tools to win over children

From smartphone messaging tailored for tikes to computers for classrooms, technology titans are weaving their way into childhoods to form lifelong bonds, raising hackles of advocacy groups.
Published 16 Dec, 2017 12:00am
Weird but cute: Japan's capsule toys play big in Internet age

Weird but cute: Japan's capsule toys play big in Internet age

A tiny replica of an ancient Egyptian sarcophagus and a plastic cat squatting on sushi: just two of the weird-and-wonderfulcapsule toys that have become a multi-million-dollar craze in cute-obsessed Japan. The industry is now worth an estimated 30 billion
Published 16 Dec, 2017 12:00am
Remembering December 16

Remembering December 16

So we have yet another December 16 to mourn the loss of East Pakistan. The day brings back 1971 riot horror to the ancestors of thousands of Urdu speaking people who were killed by their compatriot Bengalis and who had survived the wholesale killing of th
Published 16 Dec, 2017 12:00am
Mountains of Pakistan

Mountains of Pakistan

Our country Pakistan is blessed with so many natural attractions. There are beautiful lakes, fascinating forests, remarkable beaches and astonishing mountain ranges. Five of the world's fourteen mountains taller than 8,000 meters (26,000 ft) are in Pakist
Published 16 Dec, 2017 12:00am
Saudi Arabia finds its funny bone with stand-up comedy

Saudi Arabia finds its funny bone with stand-up comedy

Saudis took the stage one by one to poke fun at the world - and themselves - introducing a hissing, cackling audience to an art form widely unknown in the conservative kingdom: stand-up comedy. Chuckles and squeals ran through the crowd at a rare amateur
Published 16 Dec, 2017 12:00am
JOHNNY HALLYDAY: France's troubled Elvis

JOHNNY HALLYDAY: France's troubled Elvis

Johnny Hallyday, France's king of rock who has died aged 74 after a battle with lung cancer, was a leather-clad would-be Elvis who earned love and scorn over five decades spent belting out American rock 'n' roll. While he was never taken seriously abroad,
Published 16 Dec, 2017 12:00am
BRIDGE NOTES: Two plus one need not always make three

BRIDGE NOTES: Two plus one need not always make three

Card reading at Bridge is not everyone's forte. For to be a player who can have crystal gazing powers to see through the back of the cards, one has to put in a lot of hard work, sustained concentration and the ability to deduce and reason logically. A cla
Published 16 Dec, 2017 12:00am
Virat-Anushka 'royal' wedding

Virat-Anushka 'royal' wedding

He's the "king" of Indian cricket. She's a glamorous Bollywood actress and former model. Newlyweds Virat Kohli and Anushka Sharma are celebrity royalty and India is cock-a-hoop over their marriage.
Published 16 Dec, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 16 Dec, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 16 Dec, 2017 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 16 Dec, 2017 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 16 Dec, 2017 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (December 15, 2017).

Published 16 Dec, 2017 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (December 15, 2017).
Published 16 Dec, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (December 15, 2017).

Published 16 Dec, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (December 15, 2017).

Published 16 Dec, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (December 15, 2017).

Published 16 Dec, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (December 15, 2017).

Published 16 Dec, 2017 12:00am
Fertilizer sector: tax regime likely to be replaced by flat tax

Fertilizer sector: tax regime likely to be replaced by flat tax

The government is likely to replace current taxation mechanism on fertilizer sector by imposing flat tax of 2 per cent which will slash prices of urea but increase prices of other fertilizers, well informed sources in Ministry of National Food Security an
Published 16 Dec, 2017 12:00am
BRIndex100 gains 51.23 points
Kerb

BRIndex100 gains 51.23 points

Pakistan Stock Exchange Friday witnessed a positive trend on the back of fresh buying in certain sectors on available attractive low levels. BRIndex100 gained 51.23 points or 1.27 percent to 4,087.51 points. BRIndex100 touched intraday high of 4,126.77 an
Published 16 Dec, 2017 12:00am
BRIndex100 gains 51.23 points
Kerb

BRIndex100 gains 51.23 points

Pakistan Stock Exchange Friday witnessed a positive trend on the back of fresh buying in certain sectors on available attractive low levels. BRIndex100 gained 51.23 points or 1.27 percent to 4,087.51 points. BRIndex100 touched intraday high of 4,126.77 an
Published 16 Dec, 2017 12:00am
BRIndex100 gains 51.23 points
Kerb

BRIndex100 gains 51.23 points

Pakistan Stock Exchange Friday witnessed a positive trend on the back of fresh buying in certain sectors on available attractive low levels. BRIndex100 gained 51.23 points or 1.27 percent to 4,087.51 points. BRIndex100 touched intraday high of 4,126.77 an
Published 16 Dec, 2017 12:00am
EU launches next phase of Brexit but warns of tough talks ahead

EU launches next phase of Brexit but warns of tough talks ahead

The European Union agreed on Friday to move Brexit talks onto trade and a transition pact but some leaders cautioned that the final year of Britain's divorce negotiations could be fraught with peril. On the second day of a Brussels summit, EU leaders agre
Published 16 Dec, 2017 12:00am
EU launches next phase of Brexit but warns of tough talks ahead

EU launches next phase of Brexit but warns of tough talks ahead

The European Union agreed on Friday to move Brexit talks onto trade and a transition pact but some leaders cautioned that the final year of Britain's divorce negotiations could be fraught with peril. On the second day of a Brussels summit, EU leaders agre
Published 16 Dec, 2017 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 16 Dec, 2017 12:00am
PM inaugurates 147 megawatt Patrind hydropower project in Muzaffarabad

PM inaugurates 147 megawatt Patrind hydropower project in Muzaffarabad

Prime Minister Shahid Khaqan Abbasi Friday said the PML-N government was strong and stable and the party would contest 2018 polls with a strong portfolio on the basis of several completed development projects. Addressing a gathering here after inauguratin
Published 16 Dec, 2017 12:00am
PSO's receivables reach Rs 317 billion by December 1

PSO's receivables reach Rs 317 billion by December 1

The receivables of the state-run Pakistan State Oil (PSO) reached Rs 317 billion by December 1, 2017. The total receivables from power sector accumulated to Rs 196.5 billion including Rs 64.40 billion generated after the inception of seven-day credit arra
Published 16 Dec, 2017 12:00am