News Archives for Print - 2017-12-21

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Print - 2017-12-21

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (December 20, 2017).

Published 21 Dec, 2017 12:00am

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (December 20, 2017).

Published 21 Dec, 2017 12:00am

JLI YAQEEN GROWTH FUND RATES

JLI Yaqeen Growth Fund Rates on Wednesday (December 20, 2017).

Published 21 Dec, 2017 12:00am

Former Wimbledon champ Bartoli announces comeback

Former Wimbledon champion Marion Bartoli announced her professional comeback after a four-year absence in a video posted to her Instagram account on Tuesday. The 33-year-old retired immediately after winning the 2013 Wimbledon title, fulfilling a lifelong

Published 21 Dec, 2017 12:00am

Burdensome state-run entities' sellout proposed

The president of the Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has emphasised that state-run entities which are inflicting heavy losses on the exchequer should be sold out without further delay. He further said that the Fede

Published 21 Dec, 2017 12:00am

Japanese delegation visits Hamdard University

Dr Shigeru Suganami, founding president of Association of Medical Doctors of Asia (AMDA), has visited Hamdard University. Since its inception in 1984, the AMDA has made earnest efforts in pursuing and achieving its aim to contribute to global peace throug

Published 21 Dec, 2017 12:00am

Lesco halts promotion board's proceedings

The Human Resource Department of the Lahore Electric Supply Company has halted promotion board proceedings after receiving an application from foreign qualified employees of the company being aggrieved of discriminatory treatment. The company sources said

Published 21 Dec, 2017 12:00am

Non-Basmati variety: Sri Lanka links rice duty cut to certification: REAP

On the request of Rice Exporters Association of Pakistan (REAP), Sri Lanka has assured that it will reduce duty on Pakistani non-Basmati rice provided exporters get proper certification. A high-profile trade delegation of REAP led by Rafique Suleman, Seni

Published 21 Dec, 2017 12:00am

July-October 2017: telecom imports surge by 19 percent

Pakistan's overall telecom imports surged by 19 percent to $450.186 million during July-October 2017, official figures say. The surge in telecom import comes to $71.992 million in July-October 2017 from $378.194 million in July-October 2016, Pakistan Bure

Published 21 Dec, 2017 12:00am

Cold, dry weather forecast

Mainly cold and dry weather is expected in the most parts of the country in the next 24 hours, the Met Office said on Wednesday. It also forecast isolated rain-thunderstorm and with snowfall over the hills for places in Malakand, Hazara and Rawalpindi Div

Published 21 Dec, 2017 12:00am

Two suicide attackers held: attempt to target Balochistan governor foiled: Bugti

Provincial Home Minister Sarfraz Bugti on Wednesday claimed that as many as two suspicious suicide attackers were arrested for making plan to target Balochistan Governor Muhammad Khan Achakzai. Addressing a joint press conference with DIG Abdul Razzaq Che

Published 21 Dec, 2017 12:00am

450 non-formal education centres to be set up: Dahar

Provincial Minister for Education and Literacy, Jam Mehtab Hussain Dahar has said that Sindh Education Department is going to establish as many as 450 non-formal education centres under separate directorate. While Sindh Education Foundation will also esta

Published 21 Dec, 2017 12:00am

Country's first business and biodiversity platform launched

IUCN (International Union for Conservation of Nature), the Port Qasim Authority (PQA) and leading private sector companies of Pakistan jointly launched Pakistan's first Business and Biodiversity Platform (BBP) at a ceremony held at PQA. The Platform is a

Published 21 Dec, 2017 12:00am

PM to launch home remittances, SME financing schemes tomorrow

Prime Minister Shahid Khaqan Abbasi will launch a mobile wallet-based home remittances scheme and SME Financing Roadmap on Friday in Karachi. The Prime Minister will visit State Bank of Pakistan (SBP) head office on December 22, to launch two mega schemes

Published 21 Dec, 2017 12:00am

FBR chief opens BTB Zone RTO-II

Chairman, Federal Board of Revenue (FBR) Tariq Mahmood Pasha has inaugurated the Broadening of Tax Base (BTB) Zone, RTO-II, Karachi, on the other day. According to details, the chairman has appreciated the establishment of BTB zone in a shortest possible

Published 21 Dec, 2017 12:00am

General Tyre CEO Hussain Kuli gets award

Chief Executive Officer/MD of General Tyre Hussain Kuli Khan, has been awarded one of the best performing CEO awards in Pakistan. The award was presented by the chief guest Governor of Sindh Mohammad Zubair during 16th CEO Summit Asia held in Karachi. The

Published 21 Dec, 2017 12:00am

Tharparkar coal projects: private sector's investment to change fate of Tharis

Private sector investment, particularly the development of billion-dollar coal projects in Tharparkar will certainly change the fate of its residents. Tharparkar - the most backward district of the country remained in limelight due to starvation, water sc

Published 21 Dec, 2017 12:00am

CJP to take up environment pollution case tomorrow

Chief Justice Mian Saqib Nisar on Wednesday decided to take up human right case relating to environment pollution in coastal area of Karachi on December 23 in the Supreme Court Branch Registry, Karachi. A four-member bench led by Chief Justice Mian Saqib

Published 21 Dec, 2017 12:00am

Exchange

Chabahar port deal won't affect transit trade ties with Pakistan: CG

Afghan Consul General in Peshawar, Professor Muhammad Moen Marastial has dispelled the apprehensions about Chabahar port agreement between Afghanistan, Iran and India, saying that the trilateral deal could not affect transit trade relations with Pakistan.

Published 21 Dec, 2017 12:00am

Army Band contest: CoAS distributes prizes among position-holders

Chief of Army Staff (CoAS), General Qamar Javed Bajwa on Wednesday witnessed the colorful concluding ceremony of Army Band Competition 2017 at Fortress Stadium Lahore. Bands of 15 Regimental Centres, 19 Infantry Battalions including buglers and trumpeters

Published 21 Dec, 2017 12:00am

Zarb-e-Azb restores writ of state in FATA: Jhagra

Governor Khyber Pakhtunkhwa Iqbal Zafar Jhagra has said that Peace has been restored in FATA due to the success of Operation Zarb-e-Azb and writ of the state has been established. Further, he said that repatriation process of temporarily displaced tribal

Published 21 Dec, 2017 12:00am

ANF police station opens in Gwadar

The Anti-Narcotics Force (ANF) with financial assistance of UNODC and Canada has constructed a state-of-the-art police station at Gwadar, aimed to deal effectively with existing and emerging challenges posed by drugs in the country, especially after compl

Published 21 Dec, 2017 12:00am

Exchange

Common socio-economic interests: regional speakers' moot to begin on December 23

A three-day Speakers' Conference is being held at Islamabad from 23rd to 25th December, 2017 where Speakers of regional stakeholders including Afghanistan, China, Iran, Pakistan, Russian Federation and Turkey are expected to participate along with their r

Published 21 Dec, 2017 12:00am

Marriyum inaugurates exhibition on 'Quaid Day' celebrations

Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb said Quaid-e-Azam Muhammad Ali Jinnah's 141st birth anniversary is being celebrated in a befitting manner. She said this while inaugurating an exhibition in connectio

Published 21 Dec, 2017 12:00am

FIA fails to submit challan in Imran Farooq murder case

Federal Investigation Agency (FIA) on Wednesday failed to submit challan in Muttahida Qaumi Movement (MQM) leader Imran Farooq murder case. During the hearing, anti-terrorism court (ATC) judge Shah Rukh Arjumand expressed resentment over not presenting th

Published 21 Dec, 2017 12:00am

Teachers punished for not performing polio duty

The Deputy Commissioner (DC) Kohat Khalid Ilyas Wednesday expelled three female teachers from the district for refusing to perform polio vaccination duty and warned others of similar punishment in case of dereliction from duty. The expelled teachers inclu

Published 21 Dec, 2017 12:00am

Jerusalem issue: Pakistan to co-sponsor resolution against US decision at UN

Pakistan will fully support and co-sponsor a resolution for the withdrawal of US decision to recognize Jerusalem as Israel's capital. While addressing the OIC Ambassadorial Group at the United Nations on Tuesday, Pakistan's permanent representative in the

Published 21 Dec, 2017 12:00am

Cotton

SECP files winding up petitions against 21 companies

The Securities and Exchange Commission of Pakistan (SECP) has filed winding up petitions against 21 companies in courts in cases where winding-up orders have been issued as on December 15, 2017. Sources told Business Recorder here on Wednesday that

Published 21 Dec, 2017 12:00am

Dr Shamshad ensures Rana Tanveer of UNESCAP's support

Under Secretary General, United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), Dr Shamshad Akhtar called on Federal Minister for science and technology and defence production Rana Tanveer Hussain here at Islamabad on Wednesday.

Published 21 Dec, 2017 12:00am

Export-oriented industry: LCCI for early resolution of all issues

The Lahore Chamber of Commerce & Industry (LCCI) has demanded of the government to resolve the issues of export-oriented industry at the earliest as in the presence of hurdles like delay in refund claims, stuck-up duty drawback and non-implementation of P

Published 21 Dec, 2017 12:00am

Christmas celebrations: IGP Punjab for foolproof security of all worship places

Punjab Inspector General of Police (IGP) Arif Nawaz Khan has said that a comprehensive strategy should be arranged to provide foolproof security to all worship places of Christian community in the province during the Christmas celebrations. The IGP said t

Published 21 Dec, 2017 12:00am

Javed Hashmi all set to rejoin PML-N

Veteran politician Makhdoom Javed Hashmi is all set to rejoin Pakistan Muslim League-Nawaz (PML-N), Business Recorder has learnt through reliable sources. The sources disclosed that Hashmi would formally join the PML-N during visit of Nawaz Sharif

Published 21 Dec, 2017 12:00am

Frost and severe cold: growers advised to make arrangements

The Punjab Agriculture Department has advised the growers that keeping in view per seasonal predictions; farmers should make necessary arrangements for saving their crops from the effects of frost and severe cold. Clear day timing combined with dry air an

Published 21 Dec, 2017 12:00am

Siraj asks Nawaz to declare war against poverty, illiteracy

Chief of Jamaat-e-Islami, Senator Sirajul Haq, has said that it would have been better for the ousted Prime Minister to declare a war against poverty, illiteracy, price spiral, unemployment and lawlessness instead of the judiciary. According to media cell

Published 21 Dec, 2017 12:00am

SC should revisit cases of Imran, Shahbaz: Kaira

Pakistan Peoples Party (PPP) Punjab President Qamar Zaman Kaira said on Wednesday that the Supreme Court should revisit the cases of Imran Khan and Shahbaz Sharif. "The PPP has serious concerns over the verdict in Imran Khan's case," he said. He said both

Published 21 Dec, 2017 12:00am

PPDWP approves Rs 27 billion for seven welfare schemes

The Punjab Provincial Development Working Party approved expenditure of over Rs 27 billion for seven development schemes of various sectors in its 38th meeting of current fiscal year presided over by Chairman P&D Muhammad Jahanzeb Khan. Secretary, all mem

Published 21 Dec, 2017 12:00am

Jemima to visit Pakistan in 2018

Former wife of Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan, Jemima, will visit Pakistan in 2018 as she has accepted famous singer Salman Ahmad's invitation. Talking to a private TV channel, Salman said that Jemima told him that she will definitely

Published 21 Dec, 2017 12:00am

Tevta, US Consulate to offer English language course

Technical Education and Vocational Training Authority (TEVTA) and United States Consulate Lahore signed a Memorandum of Understanding (MoU) for offering six-month long English language course, here on Wednesday at TEVTA Secretariat. Chairman TEVTA Irfan Q

Published 21 Dec, 2017 12:00am

Sandhu meets Australian HC

Provincial Minister for Human Rights and Minorities Affairs Khalil Tahir Sandhu met Australian High Commissioner in Pakistan Margaret Adamson, here on Wednesday in his camp office. She condoled over Quetta church's incident and said that Christmas is very

Published 21 Dec, 2017 12:00am

Minister voices concern over population census data

Punjab Minister for Population Welfare Mukhtar Ahmed Bhart here Wednesday said that the data of recent population census has set off the alarm bells. Pakistan is already a water-scarce country and if the growth rate of 2.4 persists, by 2030, the country w

Published 21 Dec, 2017 12:00am

Mutual Funds

Rupali Polyester Limited

Rupali Polyester Limited (PSX: RUPL) is a leading player in the petrochemical industry of Pakistan. Established in 1980, the company has become one of the largest producers of polyester staple fiber (PSF) and polyester filament yarn (PFY) in the country.

Published 21 Dec, 2017 12:00am

Mutual Funds

Rupali Polyester Limited

Published 21 Dec, 2017 12:00am

Law drafted: citizens to get undisclosed assets legalized

The proposed Undeclared Pakistan Assets Tax Act 2017 may provide an opportunity to local Pakistani citizens to get their undisclosed local assets legalized. The assets include motor vehicles and immovable properties, income and expenditure on payment of i

Published 21 Dec, 2017 12:00am

Cane commissioner directed to proceed against sugar mill owners

The Lahore High Court on Wednesday directed the Punjab Cane Commissioner to proceed against the sugar mill owners who failed to restore crushing and submit his report by December 22 including price for 40Kg sugarcane. The petitioner Ameer Jamat-i-Isalmi P

Published 21 Dec, 2017 12:00am

PQD's new conditions to hit import of hybrid seeds

The smooth supply of high performance imported hybrid seeds for various crops to local farmers would adversely be affected due to new conditions imposed by Plant Quarantine Department on imported seeds. Experts told Business Recorder here on Wednes

Published 21 Dec, 2017 12:00am

Exchange

US MIDDAY: gold rises

Gold prices rose on Wednesday for a fourth straight session to reach a two-week high as US data showing solid home sales but a fall in mortgage applications pushed the dollar to a two-week low. Gains in bullion were limited, however, by a rise in US bond

Published 21 Dec, 2017 12:00am

US MIDDAY: wheat climbs

US wheat futures rebounded on Wednesday and notched a 1-1/2-week high on worries about frigid weather across the Wheat Belt that threatens to damage crops lacking protective snow cover. Corn also rose on spillover support from wheat and as traders covered

Published 21 Dec, 2017 12:00am

Exchange

Gold surges in Europe

Gold prices rose for a fourth day on Wednesday as US data showing solid home sales but a fall in mortgage applications pushed the dollar to a two-week low. Gains were limited by a rise in US bond yields to nine-month highs after the Senate passed the coun

Published 21 Dec, 2017 12:00am

Gold up in Asia

Gold prices inched higher in range-bound trade on Wednesday as the dollar held steady on expectations the US government would pass the country's biggest tax overhaul in 30 years. Spot gold had risen 0.1 percent to $1,263.20 an ounce by 0804 GMT. US gold f

Published 21 Dec, 2017 12:00am

Exchange

Gold dips in New York

Gold dipped on Tuesday as US Treasury yields rose on an uptick in housing starts for November and even though the dollar fell, a factor that generally supports gold. Market players were wary of taking new positions before the holiday season. Gold is on tr

Published 21 Dec, 2017 12:00am

Raw sugar extends gains; coffee, cocoa rise

Raw sugar futures on ICE rose for the third straight session on Wednesday, reaching a two-week high on follow-through buying and support from higher commodity markets. Arabica coffee and cocoa prices also climbed as the 19-market Thomson Reuters CoreCommo

Published 21 Dec, 2017 12:00am

Vegetable Oil

Palm oil slides on stronger ringgit, technical selling

Malaysian palm oil futures fell on Wednesday evening, easing from gains made earlier in the day, as it fell on a stronger ringgit, its currency of trade. A stronger ringgit typically makes palm oil more expensive for holders of foreign currencies. It clos

Published 21 Dec, 2017 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

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

Published 21 Dec, 2017 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

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

Published 21 Dec, 2017 12:00am

Exchange

Rubber rises

Benchmark Tokyo rubber futures ended up 0.4 percent on Wednesday, supported by a weaker yen against the dollar and slight gains in Shanghai futures. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, are

Published 21 Dec, 2017 12:00am

Exchange

Copper hits two-month high on weak dollar, growth hopes

Copper hit a two-month high on Wednesday as the dollar fell and investors remained upbeat about global growth prospects as a US tax overhaul neared completion and China's economy remained on a firm footing. The dollar slid against most currencies, with th

Published 21 Dec, 2017 12:00am

Shanghai aluminium climbs

Shanghai aluminium prices rose over 1 percent on Wednesday, bouncing back from a slight dip in the previous session, as rising raw material prices and production cuts in China provided end-of-year support to the market. Producers of alumina in northern Ch

Published 21 Dec, 2017 12:00am

Cotton

Cotton dips on fund liquidation

ICE cotton futures edged lower on Tuesday after trading within a tight range earlier in the session as traders liquidated funds amid the recent rally in prices. Cotton contracts for March settled down 0.17 cent, or 0.23 percent, at 75.03 cents per lb. It

Published 21 Dec, 2017 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 21 Dec, 2017 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 21 Dec, 2017 12:00am

US turns sanctions screw on Russia, blacklists Chechnya's Kadyrov

The United States slapped sanctions on Chechen strongman Ramzan Kadyrov on Wednesday, accusing Russian leader Vladimir Putin's key regional ally of personal involvement in repression, torture and murder. Kadyrov was added to the US Treasury's blacklist al

Published 21 Dec, 2017 12:00am

Black journalist's sacking sparks race row in France

Does France have a problem talking about racism? After a prominent black journalist was sacked from an internet advisory body for being too controversial, anti-racism campaigners think so. France's National Digital Council (CNNum) is in chaos after almost

Published 21 Dec, 2017 12:00am

Chinese jets carry out multiple drills around Taiwan

Chinese jets conducted drills near Taiwan's airspace on Wednesday for the sixth time this month, as relations between the two rivals worsen. China sees self-governed Taiwan as part of its territory to be reunified at some point - by military force, if nec

Published 21 Dec, 2017 12:00am

Saudi king reassures Palestinians on east Jerusalem

Saudi King Salman on Wednesday pledged the kingdom's support for east Jerusalem as the capital of a future Palestinian state during talks with president Mahmud Abbas. The monarch stressed "the legitimate right of the Palestinian people in establishing the

Published 21 Dec, 2017 12:00am

Global disaster costs soar in 2017: Swiss Re

Total economic losses from natural and man-made disasters have soared by 63 percent to strike an estimated $306 billion in 2017, reinsurance firm Swiss Re said Wednesday. "The US was hardest hit, including by hurricanes Harvey, Irma and Maria, which have

Published 21 Dec, 2017 12:00am

Air France jet makes emergency landing

An Air France jetliner flying from Buenos Aires to Paris dumped some its fuel in mid-air and made an emergency landing in Paraguay because of an electrical problem, airport officials and the company said Wednesday. The plane carrying 274 passengers was di

Published 21 Dec, 2017 12:00am

EU wants Brexit transition to end December 2020

The European Commission said Wednesday that it wants a post-Brexit transition period, during which Britain must continue to obey EU rules, to finish at the end of 2020. Chief EU Brexit negotiator Michel Barnier said that "all EU policies will still apply"

Published 21 Dec, 2017 12:00am

Mexico bus crash kills Americans, Swedes, Canadian

A tour bus crash in southeastern Mexico killed eight Americans, two Swedes and a Canadian, as well as their Mexican guide, Mexican officials said Wednesday. The bus, which skidded and rolled off the road early Tuesday in Quintana Roo state, was transporti

Published 21 Dec, 2017 12:00am

Polish president signs controversial judicial reforms into law

Poland's president on Wednesday said he signed into law two controversial judicial reforms that opposition politicians and the EU insist undermine the rule of law and the separation of powers. President Andrzej Duda said he had "decided to sign" reforms t

Published 21 Dec, 2017 12:00am

Burkina Faso bans imports from North Korea

Burkina Faso is banning imports from North Korea to comply with tough UN economic sanctions punishing Pyongyang's weapons programmes, the government said Wednesday. The decision comes after an inquiry by the United States in October showed that Burkina Fa

Published 21 Dec, 2017 12:00am

Myanmar bans UN rights envoy

The UN's rights envoy for Myanmar said Wednesday the government had banned her from the country, adding her exclusion suggests something "awful" is happening in Rakhine state. UN Special Rapporteur Yanghee Lee had been due to visit Myanmar in January to a

Published 21 Dec, 2017 12:00am

Protests rock Iraqi Kurdistan despite police clampdown

Protests raged for a third day in Iraqi Kurdistan on Wednesday despite a clampdown by security forces after five people were killed as ire exploded at the calamitous fallout from an independence vote. Demonstrators in the town of Rania, where five protest

Published 21 Dec, 2017 12:00am

Rahul, Chahal give India big win in first Sri Lanka T20

Opener Lokesh Rahul's attacking half-century and four wickets by leg-spinner Yuzvendra Chahal powered India to their biggest ever Twenty20 win, outplaying Sri Lanka by 93 runs in the first match on Wednesday. Chahal returned impressive figures of 4-23 to

Published 21 Dec, 2017 12:00am

PTCL sponsors National Wheelchair Cricket Tournament

PTCL is one of the key sponsors of the All National Wheelchair User (ANWU) Cricket Tournament for physically challenged persons, being organized by Milestone, a society for the special persons at Jinnah Stadium, Sports Complex Islamabad. The tournament is

Published 21 Dec, 2017 12:00am

Sumo champions face pay cuts

Japan's sumo authority decided Wednesday to cut the pay of two grand champions who failed to stop a brutal assault by a fellow champion on a junior wrestler. The Japan Sumo Association announced that grand champions (yokozuna) Hakuho and Kakuryu would not

Published 21 Dec, 2017 12:00am

State-sponsored doping: russians must not look Russian in Pyeongchang: IOC

The International Olympic Committee has laid down the conditions for Russian athletes allowed to compete at the Winter Games in February, which make clear that they must not try to look like Russians. The IOC decided earlier this month that, in the light

Published 21 Dec, 2017 12:00am

Hong Kong fined for Chinese anthem booing

Hong Kong have been fined $3,000 after fans jeered the Chinese national anthem during an Asia Cup match last month, the third time they have been punished for booing. Fans have taken to booing the anthem as concerns grow that semi-autonomous Hong Kong's f

Published 21 Dec, 2017 12:00am

Ex-Arsenal star Rosicky checks out

The former Arsenal and Borussia Dortmund star Tomas Rosicky sprung a surprise on Wednesday by announcing that he has played his last game of professional football. The 37-year-old played 105 times for the Czech Republic, and spent a decade at Arsenal wher

Published 21 Dec, 2017 12:00am

Black Horse Paints win in Samba Bank Lahore Open Polo

Hissam Ali Hyder struck nine goals to steer Black Horse Paints to a thumping 11-4 victory over Guard Group in the Samba Bank Lahore Open Polo Championship 2017 match played here at the Lahore Polo Club (LPC) ground on Wednesday. Besides nine-star Hissam,

Published 21 Dec, 2017 12:00am

Djokovic picks new format for Australian Open warm-up

Former world number one Novak Djokovic will warm-up for a tilt at a record seventh Australian Open crown by playing in an innovative quickfire event at the Melbourne venue. Djokovic, who has been sidelined since July with a right elbow injury, is making h

Published 21 Dec, 2017 12:00am

Exchange

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (December 20, 2017).

Published 21 Dec, 2017 12:00am

Russia ramps up gas supplies to Serbia during visit

Russian strongman Vladimir Putin and Serbian President Aleksandar Vucic showered praise on each other Tuesday as Moscow said it would raise gas supplies to Serbia next year. Vucic, a former ultranationalist and once a close ally of late Serbian strongman

Published 21 Dec, 2017 12:00am

French growth upgraded to 1.9 percent for 2017 as investment booms

France is set to close 2017 with its best growth rate in six years thanks to booming business investment and new home buying, the INSEE national statistics agency said on Tuesday. French growth will reach 1.9 percent this year, INSEE forecast, marking a m

Published 21 Dec, 2017 12:00am

KPMG partners face court contempt over China audit

Several current and former KPMG partners are facing contempt proceedings in a Hong Kong court, as liquidators for a failed US-listed Chinese company step up their action against the auditor over its refusal to produce Chinese working papers. The contempt

Published 21 Dec, 2017 12:00am

France fines J&J 25 millions euros over painkiller patch

France's competition authority fined US healthcare group Johnson & Johnson 25 million euros ($29.6 million) on Wednesday after it ruled the company had deliberately slowed market access to generic copies of its painkiller Durogesic. Durogesic is sold as a

Published 21 Dec, 2017 12:00am

UK employers keep hiring but see Brexit risks ahead

British employers plan to hire more workers and raise pay more quickly in 2018, but they also fear that Brexit will make the country a less attractive place to do business, a survey showed on Tuesday. Fifty-one percent of employers expect to expand their

Published 21 Dec, 2017 12:00am

Belgian company in talks to buy US fruit giant Dole

Belgian fruit and vegetable company Greenyard said Tuesday it was in advanced negotiations to buy US giant Dole, one of the world's leading producers of bananas and pineapples. According to Belgian press reports, Dole's elderly owner David Murdock values

Published 21 Dec, 2017 12:00am

US Midwest soyabean bids firmer

Spot cash basis bids for soyabeans on Tuesday at processors, elevators and river terminals in the US Midwest were steady to firmer, with support from sluggish farmer sales that spurred end-user demand, dealers said. A few soyabean farmers wound down opera

Published 21 Dec, 2017 12:00am

CBOT corn futures higher

Chicago Board of Trade corn futures edged higher on Tuesday on short-covering following recent contract lows, although gains were capped by abundant grain supplies. Trading was rangebound, with investors squaring positions ahead of the long Christmas holi

Published 21 Dec, 2017 12:00am

Cotton

Upward trend persists on cotton market

Rising trend persisted on the cotton market on Wednesday in the process of moderate trading, dealers said. The official spot rate was unchanged at Rs 7000, they said. In ready session, over 20,000 bales of cotton changed hands between Rs 6125-7600, they s

Published 21 Dec, 2017 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 146,961 tonnes of cargo comprising 127,340 tonnes of import cargo and 19,621 tonnes of export cargo including 7,004 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of

Published 21 Dec, 2017 12:00am

US natural gas futures fall on profit-taking

US natural gas futures fell 2 percent on Tuesday despite supportive forecasts for colder temperatures over the next two weeks, as investors booked profits on Monday's price gains and daily gas production rose to a record. Front-month gas futures for Janua

Published 21 Dec, 2017 12:00am

US FOB Gulf soyabean bids firm on solid demand

Basis bids for soyabeans shipped by barge to the US Gulf Coast were steady to firm on Tuesday on solid demand for shipments arriving over the next few months, traders said. FOB Gulf soyabean basis offers were mostly steady to higher on good export demand

Published 21 Dec, 2017 12:00am

Vegetable Oil

Palm oil lower on European vegoils market

Palm oil on the European vegetable oils market edged lower on Tuesday ahead of December 1-20 Malaysian palm oil export data due on Wednesday. Asking prices for palm oil were between unchanged and $7.50 a tonne lower after Malaysian palm oil futures closed

Published 21 Dec, 2017 12:00am

Cotton

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,127. The traded value of Metals, Energy and COTS/FX was recorded at PKR 3.869 billion and the number of lots traded was 6,239.

Published 21 Dec, 2017 12:00am

Canadian canola futures rise

ICE Canadian canola futures rose on Tuesday for just the second time in 10 sessions, on bargain-buying and a slowdown in technical selling. Higher Chicago soyaoil prices added strength to canola. January canola gained $2.60 to $493.80 per tonne. Most-acti

Published 21 Dec, 2017 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 21 Dec, 2017 12:00am

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 21 Dec, 2017 12:00am

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 21 Dec, 2017 12:00am

Currency

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 21 Dec, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.37
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
India Sensex / May 9	79,454.47
Tokyo Nikkei / May 9	37,503.33
Nasdaq / May 9	17,928.92
Hang Seng / May 9	22,867.74
FTSE 100 / May 9	8,554.80
Dow Jones / May 9	41,249.38
Germany DAX 30 / May 9	23,499.32
France CAC40 / May 9	7,743.75

Item	Value
Crude Oil USD/Barrel / May 9	61.02
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Gold Spot USD/Ounce / May 9	3,324.98
Cotton US¢/pound / May 9	66.61
Petrol/Litre / May 11	252.63
Diesel/Litre / May 11	256.64

Gainers
Losers
Leaders

Stock	Price
First AL-Noor Mod. / May 9 First Al-Noor Modaraba(FANM)	3 ▲ 0.67 (28.76%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.15 ▲ 0.72 (16.25%)
Escorts Bank / May 9 Escorts Investment Bank Limited(ESBL)	5.98 ▲ 0.83 (16.12%)
Parmount Sp. / May 9 Paramount Spinning Mills Limited(PASM)	3.22 ▲ 0.41 (14.59%)
UDL International / May 9 UDL International Limited(UDLI)	7.10 ▲ 0.85 (13.6%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.44 ▲ 0.65 (13.57%)
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.05 ▲ 0.23 (12.64%)
LSE Capital / May 9 LSE Capital Limited(LSECL)	4.39 ▲ 0.48 (12.28%)
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	6.42 ▲ 0.7 (12.24%)
D.S. Ind. Ltd. / May 9 D.S. Industries Limited(DSIL)	3.90 ▲ 0.41 (11.75%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	27.05 ▼ -5.03 (-15.68%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
Universal Ins. / May 9 The Universal Insurance Company Limited(UVIC)	8.25 ▼ -1 (-10.81%)
Sally Textile / May 9 Sally Textile Mills Limited(SLYT)	7.14 ▼ -0.86 (-10.75%)
Jubilee Spinning / May 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.43 ▼ -0.95 (-10.13%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
Dewan Mushtaq / May 9 Dewan Mushtaq Textile Mills Limited(DMTM)	9.29 ▼ -1.03 (-9.98%)
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	12.23 ▼ -1.35 (-9.94%)
First Elite Cap.Mod / May 9 First Elite Capital Modaraba(FECM)	18.44 ▼ -2 (-9.78%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	47,087,025 ▲ 0.06
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	33,590,475 ▲ 0.7
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	29,288,646 ▼ -1.53
B.O.Punjab / May 9 The Bank of Punjab(BOP)	18,310,598 ▲ 0.44
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	15,347,121 ▲ 0.3
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	14,961,675 ▼ -1.35
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	14,847,660 ▲ 5.69
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,463,181 ▲ 0.09
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	13,544,491 ▲ 2.45
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	13,517,642 ▲ 0.05

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